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FNC political analyst Kirsten Powers, University of Maryland Professor Peter Morici and investment strategist David Waddell on the outlook for jobs.
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-- turning out -- jobs the Dow soaring over the 141000 mark today even though the economy added just a modest.
157000.
Jobs in January.
And the unemployment rate -- rose slightly to seven point 9% it is the first time the Dow has been above 141000 in more than five years.
Here makes -- but -- is our money power.
Peter Marie sees my favorite economist University of Maryland professor we also investment strategist and CEO -- -- associates David -- out.
And Kristin powers -- Fox News political analyst.
Houston Texas Christian again this comes as we have a mental advantage -- -- insurance and you know I've reviewed data just because I I left it up.
What did you think of today's hot out there or I -- -- via.
I'll look it's nothing be excited about but I think it is it it's it's good in the sense that there's nothing terrible NN and I and other that's kind of sad -- that's what we've come to bet that.
The long time long term unemployed are how about a million less than they -- this time last year.
And it shows -- sort of trend in the right direction and so I think that.
I'm like is that nodding back but -- -- -- but I also think that it's you know something that we can feel good about.
Although Peter I mean you point out that one of the reasons why the unemployment rate is an even higher is because even more people stopped looking for a job then found a job a 169000.
People.
Just gave up -- went away.
Absolutely you know on top of that the elderly older people people over 65.
Their participation rate is very high which means the -- working age group.
Things are worse than that then then the numbers say part of it part of what's going on as the president is making so many college loans available taking them out of the labor market to go to graduate school.
Well you know sooner or later that comes home to -- well -- young folks and LH one -- what our jobs and we huge loans -- poorly paying jobs and huge loans now this job market isn't healthy.
I'm afraid this is what we have to look forward to at best.
Yesterday -- people been asking me all day long why is the stock market soaring about 141000.
If the jobs report was just block the answers really the Fed right.
Well -- -- if that isn't certainly supportive and the amount of money -- that's going on and the US fed the European Central Bank the Japanese bank the Bank of England.
I -- it's it's worldwide liquidity is rising but I'll take a different take on the jobs report I'm actually encouraged by.
Some things that I do see in there and those are some structural improvements for instance the job gains that we're seeing in.
Housing and construction are not huge but they're moving in the right direction we're also seeing job gains in.
The energy producing fields you know energy is going through a a real Renaissance from a production standpoint here in the US that's it.
A tale land I think that future employment has so I think there are few areas of the economy that.
Might surprise people that are doing well you know energy sure -- manufacturing is getting better because the labor differential in the US is really improving.
I'm pretty encouraged by what I'm seeing from that side of the economy -- -- to -- if you're gonna -- -- you hear that there is you know one of the things that's really helping in the economy -- jobs in the energy sector are you worried about might slow down.
What I would -- that he lets us -- hasn't regulate arms are targeted yourself.
Because of more regulation because.
You know the the president has said it's gonna focus so much on climate change and when I hear something like that I worry that that means cracking down on fracking in shale.
Which is a booming industry in this country right now that's providing a lot of jobs but it.
-- analysts don't like.
Well let me first of all I am very little seems to happen in Washington so I wouldn't worry too much about.
-- actually happening on that friend.
You know I think even immigration -- seem to be such a slam dunk is starting to look -- it's becoming pretty difficult.
Getting any kind of reform plan together so.
Look I I don't the president I as cynical as time and then people federal -- you don't -- the president I really don't think he's invested in destroying the economy so.
I think there is a balance at looking at these things is our way to address climate change it did but it but that isn't particularly harmful.
22 businesses and that's I think what the president walk away when he's looking at at any kind of regulation Peter you agree with apple note that.
No I don't I think the president is fairly insensitive to business when it comes to regulation.
I do see some good points in the jobs report but unfortunately one of the fastest growing areas as health care and that's largely mandates in the fact that thing.
Governments federal and state pay more than half of the cost of health care.
So that we're really seeing a growth of the public sector there.
You know overall I'm not particularly optimistic I think this is about what we can hope for unfortunately we need about 400000.
Jobs a month.
Not -- 185 to 190 we had chartered in 2012.
To get unemployment down to an acceptable level.
OK guys -- gonna leave it there thanks all of you have a great we can't --
