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Christian Dorsey of the Economic Policy Institute and Euler Hermes chief economist Dan North discuss the jobs report from October.
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-- -- we obviously -- taking those comments live we're also of course continue to watch what's happening in the US markets right now because we did get this big jobs.
Report today October jobs.
Created at beating estimates but really -- if that company estimate was a 125000.
Actual coming Canada 171000.
Now what are the risk is what's space has the better jobs plan this -- Because of the economic policy institute and Dan north dealer air -- chief economist and a wanna -- you -- you first I mean these numbers the tabulations.
Have been questioned.
A severely over the last several weeks is -- a political question rating this -- -- -- question we need to be looking out.
Tugs there's clearly political no one was questioning the numbers -- him unemployment was -- 10% -- it's only in the you know last month of an election when we actually.
See the numbers reflect the -- modest.
Trends upwards that we've seen in the import in the labor market that it's become politicized this purely political.
And it's a shame because the a Labor Department.
Does really great work and there.
There there there analyses are to be commended as opposed to being cast castigated for being politicized.
OK fair enough damn bit of the same time you say that -- -- -- that we didn't get still is not enough this is not a recovery meaningful recovery we need to undertook -- 50000 jobs out at.
So what does that -- Oh you're actually right they'd -- -- thinking that this this jobs approach is above expectations is somehow good jobs report.
It really isn't people have gotten used to this new normal where this is the kind of thing is viewed as positive.
We need job reports consistently that are 250000.
Or more every month.
We've only had that I don't know four times over the last 32 months.
We need unemployment rate down -- like 6% -- 77 point 9%.
How we need do you six down at 10% not fifteen ish percent so this this no more normal way this is a good report I think is way off base -- -- -- normal -- not normal Christian forty point two weeks is now the average duration without court that jumped out I mean we're seeing.
More and more people without work and a true unemployment rate the real numbers fourteen point six Christians so this is not -- -- the report.
Well you know -- I agree with -- -- the extent that it's certainly not enough -- you -- know that I believe that much more needs to be done but we cannot.
Deny that what we have seen is very steady improvement in the labor market over the course of the last year.
Is it enough it is certainly not enough for my taste but to.
Suggest otherwise is completely.
You know being ignorant of the numbers there is.
This positive trend upward in terms of jobs created -- in terms of a lot of labor market indicators indicating.
That the macroeconomic situation is improving not fast enough but okay is improving -- Final word zero President Obama says his credit for a million jobs -- 2009 you don't think that's enough.
-- not nearly enough we've lost nine million jobs and recession we've gotten just barely more than half of those back.
-- and yes the numbers have been climbing but from a very low level maybe there's a trend upwards but it's still way off.
All right gentlemen thank you very much Christian RCD in north of participating in debate -- the jobs number.
We've been debating the issues that matter for all of you at home none of them so far we -- -- right up to Election Day on Monday our final debate it's going to be a doozy that this goal -- what should be done as that deadline approaches.
We're gonna debate this the fiscal -- -- I Brennan the American action forum and Michael Linden of the Center for American Progress that is Monday right here in eastern time fox business -- -- -- --
