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Chapwood Investments’ Ed Butowsky on the upcoming jobs report and how it will impact the market and election.
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Two days away from the big jobs report number on Friday joining -- company now from Houston -- to -- keep from cap would investments at.
What up what are you expecting what do you think the news is going to be Friday when that number of -- -- what are we gonna -- On the analysts -- you know out of Washington we hear all the time about the fog of war right now we have the fog of government numbers nobody really Charles has any idea what these numbers are gonna look like.
And we and we you know the so -- hard you know it's hard to really read into this.
But when those numbers come out -- illegals gonna move the election one way or the other I actually think unemployment is gonna tick up a little bit.
Because I think the numbers there was so much weird stuff on the -- weird stuff in the last jobs number that I think that a lot that's gonna go away because when -- 600000 people that are accounted.
As employed when there really either part time workers are volunteers that actually -- that number down I don't think you're gonna see that replicated in this number of.
I bet that you're being kind of -- unit where it was a nice word that every word he used last I would just four letters the last what.
-- during if the numbers well over 8% I mean yeah and do you think there's a -- let's just say hypothetically eight point two.
Eight point 3% you don't think that number of could have small influence on the election.
Just sort of this to mitigate the small -- perhaps President Obama visiting New Jersey today might have.
Well -- anybody who's not decided right now.
I don't know how they're gonna make up their minds because we've had -- so much rhetoric and so much politicking going on over the last you know what.
A year really.
So I don't know who's undecided but if that number takes up -- really gonna see is the headlines gonna say we have unemployment rising that's going to be a negative -- -- unemployment remaining the same I don't think that really -- anybody -- that number drops you know two percentage points.
You know what I'm gonna say the same thing let's investigative because there's a lot old tired stuff going on in the fog a government -- -- Liz -- here isn't more important the more important number is a 146000.
Average does created.
A look because even the Bureau of Labor Statistics says look that number -- put out.
Is revised costly it's only 90%.
Accurate and you know jobs have heard this jobs and -- -- may not pick a president because they'll get revised isn't that the story line.
That that is a big part of the story -- Elizabeth and I'd also say.
Remember employers said there was a 1141000.
Jobs created right then you had all those other how it'll certainly go ahead of the take away.
Hello second -- because who would -- we brought -- were run out of time and 1141000.
Was still 50% less than a year ago in nowhere near where we need to pray we can all agree and add -- -- we've got to go season.
Let's.
