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Unemployment rate drops to 7.7%

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    What does the report say about job growth among small businesses?

  • Duration 4:40
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Welcome back everybody air right supported delve into the November jobs report final to have him for the year a little bit more right now with Fox Business dot -- Kate Rogers.

And -- marks.

Who -- that the owner of the monster that technology consulting I don't trust OK so we have a lot of insight and small business community.

On -- right now so.

Capabilities into department sure yes -- going -- heating -- in this small business and entrepreneurship council and basically what he's saying is.

He.

You know wouldn't surprise that the number there was little bit more than expected but that a lot of this uncertainty that we always are talking about is -- -- business owners because.

The election really didn't he that -- away and he thinks that in the months to come they're really not me ready to -- Anymore -- is now they know obamacare is here to say.

They're unsure about the price is in this whole fiscal -- -- -- I mean it's just.

A matter of taxes going up how much they're gonna go up and for help round face and -- yeah he's and he disappeared but -- -- -- Take -- -- he's -- every morning when you're talking about with uncertainty but you know there's 350000 less people that are participating in the labor market now and I see that a lot in my own business -- we have ten employees in my company.

But we -- a couple of dozen contractors that are out there so what's happened over the past five years particularly since the recession.

Is that a lot of people are not finding jobs but they are using technology -- -- their friends -- using their contacts to get.

Contract -- work wherever they can so doesn't need to run businesses.

Why would I hire somebody full time and pay their health care and -- to taxes and all of that went.

I can get that person for fifteen hours a week -- ten hours a week to you know perform a specific task for me.

I'm not alone I'm seeing a lot of business owners do the exact same thing I think that's a lot of the reason behind why there's so many people less people participating in the.

Think -- pulled out.

So -- for people don't know whether the jobs report comes from two surveys the government's data this is the number of jobs that were created and then the unemployment rate -- -- calling on the phone and ask you budget clash right and we found that that.

Number went down from seven point 9%.

Only at seven point 7%.

And now is actually the best level since December of 2008.

Now that's up for several reasons what you just said that you know he'll get -- people.

You're meeting unless people participating -- that you can call contractor and they and they react got a job last week oh yeah have something but it's not really.

A secure job a good job a job that -- benefits.

It's not but you know what's also happening is because of technology not only can I call contractor but I can use certain web sites and find people all around the country to perform certain tests for me because they can do that stuff.

On line now or remotely that -- might not have been able to do ten years ago it's a big trend.

So because of that employers are less likely to hire people full time.

When they can find specialists are they are did you what they do best for ten hours a week for twelve hours a week.

And avoid having to make that commitment so.

I think it's not only just a slow economy but I think it's a big change that we're seeing in the workforce I'm seeing with my own business -- -- so.

That's really what I think it's interesting too because I was talking about when it comes obamacare being at bat fifty employees -- last level but here at ten and present company and you're still not right higher bring on any more workers correct so it's not even that you're getting closer to act fifteen.

Employee threshold where you have to broaden benefits the year -- -- -- -- The reality of it is that we have not grown over the past four years from the economy is not really grown over the past four years when you're talking one point 7% increase -- that's not -- growth.

So we had ten employees for the past 45 years and that's just been a reality somewhat -- a -- and had it -- his entire administration -- he's taxation yeah.

What we're still profitable we're still making money and we're still busy and I'm doing everything I can't keep my people charge Roland busy but.

I am not trying to bring somebody else in my business unless I am absolutely sure we get a return on investment Clinton.

-- you know it's funny you know and I was asked this before.

I am of the opinion as a business owner in as a parents of kids looking at the next generation.

That I prefer to go over the fiscal cliff but I would prefer to wait a year and give us some time to prepare.

I say -- bring on the recession -- on less spending and bring on the higher taxes if if we have a commitment any guarantee that that would -- decrease are our annual deficit and our our national debt.

And I know it's a big pill to swallow I know it's a tough decision to making.

But as a business owner.

You know if it's very tough upbringing and environment where government is running the kind of deficits that -- that it is.

-- Thank you so much and coming up making the trip -- here I can't think he is bringing you and you can.

I have a good weekend and right now we -- going.

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