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Just the -- The jobs report -- -- -- now former US Department of Labor chief on the George W.
Bush -- welcome back to the program now.
-- read through.
I've got a couple of problems would that would -- the spent the nature of the report.
I don't want to bring it to you number one.
The number of part time workers went up by a 174000.
It's now at a record 28 million people on -- time war.
I think that's dismal I think that's bad and you say watt.
I fully agree review we -- see that trend last month and we identified it what I talked about then -- you need to take a look at this thing over several months.
But this report today's extremely troubling we look the part time work and -- have a White House saying that -- solid only because a quarter million people nearly have dropped out of the workforce.
Okay 63 point 4% that is the up participation.
Rate that's -- -- around generational.
That seems to me doesn't -- that America's not welcome.
Yeah I know I mean.
What we saw several years ago is for young Americans.
This type of thing happening where you saw people dropping out of the workforce -- unemployment levels over 16%.
The labor force participation numbers a key number because it's those Americans who -- going back to work or who have been on the sidelines who wanna go back and in -- participate in the workforce for when you have a number that's that poured down since 1979.
At 1939 levels.
Is not a sign of success in there's nothing to cheer about about less Americans.
Going to work it's not a solid report we have a number like that I've got to such a bright spots -- -- want.
The unemployment rate -- women went down significantly.
And the unemployment rate for African Americans down significantly those I think you'll agree -- bright spots -- Absolutely anytime an American -- to work.
That's a good thing in the -- lowering numbers especially categories.
With women and African Americans.
That have been high -- for those to go down that's a good thing but again this issue is if you have an economic growth rate.
That's so miserable I mean one point 41 point seven with just a year ago that number was trucking along -- 2.5 percent.
We're not growing the number jobs we need to in the real question is -- -- -- the economic growth can sustain even the number they were growing now.
Okay just a moment ago we had Austan Goolsbee on the program we were talking about the jobs report.
Of this triple was that it was disappointing.
Not that good is what he said I say is dismal well what you stand.
Half I think it's honorable for Austin to be that candid and I think the real issue here is that it is dismal.
It's not a great.
-- -- -- for the country right now when you're trying to get people to go back to work you're trying to refresh all of those skills and to make certain that we were remaining competitive.
And you have these younger people who are always stuck and part time jobs largely -- they have huge debt they're living with their parents it's not an optimistic picture going forward.
And I mean for -- in the top place because he was an architect for this in to simply say that it's a worldwide issue and that the US is better than everybody else but it's.
You know -- what ever happened to the notion that America leads the world and we ought to lead the world economic policy Jack Kennedy understood this.
Bill Clinton understood it and Ronald Reagan understood it it's not a question more state ism is in question -- more entrepreneurial ism.
And letting those drivers in the gross domestic product small business and small business hiring be free to do exactly what they do best spot Paul -- thank you very much indeed for joining us on a very important day jobs Friday bashful.
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