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It's always better to get more jobs and you expect but there were couple of discouraging trends in today's numbers that are of particular concern to the folks who actually do create new jobs.
Michael Levin is one of those he is co-founder of the job.
Also has a pretty good day job -- president and CEO of -- very successful Las Vegas -- and he joins us now.
In a Fox Business exclusive.
Great to see -- Michael thank you for coming in our -- -- white what is your overall impression the jobs report.
Well thank you for allow me to be here David.
I think the the jobs report is not encouraging I guess that would be the way I say it.
Going from -- seven point 6% unemployment to seven point five I don't think it's anything in the really cheer about of course it could have been worse.
But I don't think it's encouraging because I don't think people like myself and my company and others are creating the kind of jobs that are necessary.
To drive this economy forward now this is.
Very interest in particularly on a day when we reach record numbers on the Dow record numbers on the S&P the investors.
Seem to be fine weather report and think it's an encouraging sign do you think market has it wrong.
Well just my opinion I don't think the investors -- terribly concerned about a number like that I think the investors are looking at company profits.
And what's been going on and -- publicly held companies.
Our report was our report was terrific but if you get underneath the numbers you see where the money's coming from from Asia and other places.
And I think I think the low financing the companies have -- to refinance their -- -- has created profits.
But small businesses medium size businesses heavy heavy service employee type physicist I'm not adding jobs -- contracting jobs.
Now -- there was an increase in the number -- part time workers total workers totally to be total hours worked by American workers.
Decline that was that was a little depressing.
-- in there and some people attribute -- to obamacare the fact that if you have a full time worker you have to provide him with insurance now -- it's part time you don't.
Do you think Obama -- later -- there at all.
Oh absolutely there's no question.
That people in many businesses -- not letting people work over thirty hours so they don't have to get involved with obamacare.
There are those small businesses that will not -- -- fifty employees per business because I'll have to go into Obama care.
I don't think the danger and that that the danger in the damage that Obama here who has even come come to pass from many companies yet.
But it's coming down the road.
Now one question thanks tonight I keep hearing from you -- from the chamber of commerce is that.
If you really want to increase jobs the government has to make it cheaper to create jobs and instead they seem to be going in the opposite direction.
We have obamacare with calls for raising the minimum wage which might hurt particularly -- The unemployed black teenagers it is the government making it easier or more difficult to hire people.
Well that's an easy answer I think I think -- the psychological environment that this government is created in the United States.
Is impeding jobs at every single level.
There's no confidence the amount of regulation in the amount of difficulties.
Particularly for startups and -- owned businesses.
It's very very difficult to continue to create.
And I think everybody's waiting there waiting for something to change so that the government and values -- the crisis job creation instead of eliminating that incentive so how.
How to -- with Michael because you know President Obama is not gonna wake up tomorrow and say -- -- made a mistake with obamacare -- -- I mean he's going to continue with that.
What is reasonable to expect.
You guys are lobbying all the time for getting rid of regs that -- job creation what what would be the most important thing we could actually get done.
Well I actually hope that the job create his alliance and other businesses like -- room.
Can essentially educate our employees -- both the appropriate way to change the rules.
Without that we can't change that's up to our government to change the rules and that has to come from the people.
At some point in time.
I believe people are gonna get fed up because their children are not getting jobs that does it doesn't look like their future is going to be terrific candidate of change.
So we try as -- creators -- to educate our our our people.
To make it better for other people to work.
And I think that's that's the -- we must let people know what is going on.
You're in Las Vegas of course.
There there's the crown jewel of the gambling empire is Vegas was hit very hard by the housing downturn and a lot of people say -- housing isn't gonna completely turn around.
Until the jobs picture improves that that low interest rates are not enough to bring the buyers -- into the market what do you think of that.
Well if you look at low interest rates start what's happening is people are refinancing.
So that paying less for their mortgage however the taxes have gone up so that that just paying that using that money to pay their taxes.
If you look at new -- for housing I don't think it's a great amount of new biased people are still -- ran toward violence.
Because they're afraid of what's going to happen they don't have the disposable income.
And -- worried about the jobs we gotta run Michael but do you think that there's the slowness.
Job creation and economic growth in general is gonna catch up with a market over the next couple months.
Well I'm not a person -- predicts the market I I I really I really can't give -- that answer I can only give in my opinion but I think in the long run.
Our economy has got to suffer from the kinds of situations that we find ourselves and by legislation and regulation unless we change those.
At some point in time the market is going to reflect.
The end of what the future -- it's not going to be as pretty as anyone thinks.
Michael Levin chief operating officer Las Vegas Sands and co creator of the job creators allies Michael please come back and serious you've got sage advice we appreciate you coming on.
Thank you very much -- a pleasure to be here thank you have a great weekend while many and.
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