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Outlook for Unemployment Rate

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  • Description

    WSJ economics reporter Ben Casselman gives his expectations for the unemployment report.

  • Duration 2:28
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Now Wall Street Journal economics reporter Ben cast your mind on what more can we expect Peter hit a lot of it -- up.

Unemployment rate is that hasn't budged at all -- -- -- only close to 8% in that's right we -- seen unemployment come down pretty well for a lot of last year.

And then it costs stalled in September kind of stuff -- 7978.

Has been bouncing back and forth and and the -- just saying it's expected to hang out.

More or less there again some economists say it'll take down -- 78 and might stay around 79.

But we're not -- seeing enough job growth to really bring down that rate and help out twelve million unemployed Americans.

But a drop in the unemployment rate would it be one of those scenarios where we'd be saying.

Well it went down but that means more people entered the workforce and their -- site more people to themselves out of the workforce are not looking for jobs because they were discouraged or would be good news.

Well I mean that's the big question right so the first thing is still the go down and if it does go down if for good reasons -- for bad reasons.

Some of the reason the rates been coming down as people leaving the workforce to the retiring right baby boomers are -- they're starting to leave the workforce.

But we've also seen a lot of people who have pulled out of a job market because they just don't see opportunities and that's not -- -- -- About the sequester cuts do you think that will impact compartments and -- significant way in the coming months.

The two questions so one is whether we're gonna see it in the main numbers.

Relatively unlikely we're gonna see in the big in a big way -- we may well -- government jobs.

And we may well see it in military contractors and we may start to see some of that even in February -- military contractors were pulling back employment.

Ahead of the sequester which -- hospital which is totally possible.

While also weather is an issue appear bonds is just referencing the blizzard weather -- -- couple bad what industries that came through.

During the month a lot of cold weather in the midwest and along the East Coast.

You expect that the play a big part.

The place where it's most like initial is in the number of hours worked so if you stay home from a job for a few hours you'll still -- has employed.

But it's fewer hours back in the can mess with the -- a little bit make it a little bit -- -- to figure out what's really going on.

I wouldn't expect that to affect the main number in a major been -- from originally.

I'm from Boston originally like you've got a really nice -- I -- living insects that.

Other studies on the hike I thought you're from the south like the deep south maybe Texas -- Weiner to southerners though it.

Is how to get a good thing that -- -- man they got well it's always nice to hear that Lil it's been great to see they got down my things they announced on the Wall Street Journal.

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