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Right now we have the jobs report now want to bring -- Paul -- former US deputy a labor secretary of staff on the George W.
Paul almost 200000 jobs -- I know where that is an Arab celebrating mediocrity but.
Can we say that this is a good number.
I think it's going in the right direction Charles but I think the -- -- -- pointed out in the substance underneath the major numbers important here.
Won the part time jobs that's very important look at -- -- in that and also to keep in mind for folks said in terms of labor.
Forced participation rate were still at the lowest level that we've been overall since 1979.
We are simply not growing enough jobs.
To employ more more people to bring down the unemployment number and then of course -- that the quality of the jobs and before you talk about that.
What do you make it 322000.
People working part time for economic reasons that is a gigantic spike.
It's a major spike I actually think is very troubling.
Because the issue here is where they're not businesses are people picking up people because a part time.
Needs due to the Health Care Reform and other issues or you're just taking a look contestant people out.
What you want is you -- full time job creation.
And we see -- spike like that you need to look at it over the next three or four months and see if it sustains or people start converting to full time jobs I actually think it's a worrisome number.
We celebrate people go back to work in any capacity but what it means long term I think we need to keep a careful watch on it.
Everything I can be done different I mean listen out on the no one expects an overnight epiphany at the White House where -- -- If if if they just put one phone call of -- if you could sneak in there disguised as a union organizer.
What would you tell the White House.
Well I actually been through a -- -- think there -- space for unions and employers work together I think the big number here is to look at this.
Two out of three jobs are are created by small business every year in America and small business -- -- 50% of the gross domestic product.
The question for the White House is what is impacting job creation what is impacting that engine is small business.
And if you listen to them and you listen a small business owners they will tell you uncertainty in the marketplace in uncertainty with what they are going to be required to do.
Largely under health care.
So having said that this decision or learn a week to delay the the penalty for an employers -- with respect to the obamacare.
-- White House and OK you know what will make that permanent.
You think that would trigger some sort of mass job creation and also change the dynamics.
Employment from all these big always part timers some more full timers.
I think to be a positive signal but there're couple things -- the past sixty days keep in mind one you have a health secretary who said she surprised -- how difficult it is to implement.
-- you have the GAO coming out and saying that as far as the exchanges they have very little confidence that the states and the federal government would be able to stand those -- And they you also had the modification done in April where small businesses we're told that.
Employees go with a plan that they select as opposed to small business employees picking what they want.
So you have a succession of things going on with the overall health care implementation.
That are very problematic one laser shot on a wish list will not fix it you gotta go back and look at the whole law.
All right Paul Thomas thanks a lot have a great week and we'll talk -- real soon for sure.
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