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The jobs market showing some improvement in December despite worries over the fiscal -- payroll processor ADP finds private sector.
About 2151000 jobs estimates were just for 82000.
And this -- -- to offset an uptick in weekly jobless claims which economists say could have been distorted by the winter holiday.
Those numbers match the big government report due out tomorrow joining me now on -- efforts got -- senior fellow for the Manhattan institute.
And former chief economist for the Labor Department Diana welcome back to show always good to have you here.
-- I median I would start with what is the consensus view on the jobs market tomorrow.
The expectation is that the rate.
I will stay unchanged at seven point 7%.
And the will -- 150000.
Jobs now the range of expectations there.
All the way from 80000 for the month -- -- 125000.
For the month.
-- do you think his folks are on target and do you agree with people who think that ADP report.
Is evidence of some kind of massive recovery in the jobs market.
Well I think that the job creation number probably will be between AT and 220080220.
We don't know what it's gonna be.
Because it is with us government -- slash.
For the send.
And that it might match the ADP -- but but remember that ADP.
Is a sample of ADP clients people who sign up with ADP to have ADP do that payrolls.
It's not a completely random sample the way -- of the -- -- -- but does its.
Observers he doesn't know I have -- coming I think people to actually -- -- -- evidence of what might happen but.
What is your analysis.
-- what's interesting is how this coincides with the debate over the fiscal -- right everybody's said the fiscal cliff.
Was negatively impacting the jobs market -- comes the ADP number it's positive.
How do you analyze that.
Well I would say that the ADP numbers.
Don't mean is not just people us saying that they do we need to wait for the -- number.
Plus when the BLS number comes out tomorrow it's -- going to be revised two times.
The unemployment insurance initials -- I had been pretty high so that's not a good sign it that was a lot of uncertainty in the -- about the fiscal cliff.
It -- now but when the survey was taken which is in the week of the twelfth of December.
-- was a lot of uncertainty.
Some people a consent that Americans -- going out and -- -- not shop -- they did before.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Right exactly -- -- does not point to something pardon me I'm sorry.
I will talk about labour participation for just a second I know this is very important -- and it's something we watch very closely here at Fox Business.
-- -- not impressive and it does not speak well for this labor market how many you know analyze these numbers.
Well it's really troubling that -- the same time that people see the economy is improving.
We just seeing a gradual shrinkage in the number of people who are available to well -- -- It fell two tenths -- percentage point to 63 point six.
And what we want to do tomorrow is C web that labor force participation rate is gonna be.
Because if the unemployment rate goes up that the -- force participation rate also goes up that's not necessarily bad news.
And if the unemployment rate goes down but the labor force participation rate continues to slip.
That is not necessarily good news so we need to be watching that what we need to be doing is.
Creating circumstances let people go into the -- -- and -- And Obama care unfortunately is gonna be a big the -- because it's gonna make employers.
Shift from full time to cut time -- in certain sectors are such -- hospitality and restaurants.
Along way to gallon of dancing to see those numbers tomorrow Diana thank you -- are coming on tonight appreciate your time.
Great to be radiant and Keogh.
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