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I don't want to talk about the supplier important wanna keep Nicole is obviously the -- on their focus on this.
We get those once a month that's -- Friday.
Once a month anyway and is the unemployment rate here it is it drops.
Eight point 9% it was down 9% last month so that seems like a good thing right moment and talk about it.
-- been above 9% for 21 months joining us right now Nigel Gault I -- -- global chief US economist Michael Donovan founder and president.
A graphic -- company which makes the images seen on fire police vehicles hiring right now but I don't wanna start with you.
This glass empty -- glass coupled with the numbers out today because again below 10% could signal.
To the average consumer that things are getting better.
I think it's awful clearly be -- a marquee.
Is strengthening we've had a big drop and unemployment over the past three months.
The household survey which generates that unemployment going to stick -- pretty strong growth in jobs.
Actually stronger numbers and we getting out of the payroll survey which hasn't really taken off yet but most of the indicators that we are seeing on the Joe's market.
Say that things are picking up.
Are right that things are picking up that jam at the market is not reacting to things picking up right now -- down -- one -- great.
I mean I think it was a attractive number today the release and then and -- -- albeit somewhat expected I think the economy is facing some significant headwinds turmoil in the Middle East is certainly a big focal a focal point the continuation of the debt issues in Europe and our own at home budget deficits and then to the point about the the unemployment number clearly the headline is improving.
But structural unemployment I think is not really being considered in this -- the Fed is on the page that despite the good headline which is important.
I think the Fed sees it there's a lot of other things going on and they're -- -- maintain the quantitative let's say easing programs and policies that they that they had.
But it's also the labor forced it was up by 60000 so it did add something there and and the private sector numbers are actually.
They seem fairly.
I'm a big believer in the psychological boost to this numbers were talking earlier and financial journalists like us we can Parse these numbers all we want.
For two years this number has been near 10% that's a psychological down.
Now we're not only are we well below -- but we're dropping below 9%.
For the average consumer out there they see that they're aware of these numbers I think it's a confidence booster I think maybe that it.
It helps them get out there with little more -- a little bit.
Gonna buy something.
-- the -- Michael orphanage of journalists and experts of that lock up -- -- the journalist but but you're the got its update your hiring right now why.
Umpiring all because.
Our business is growing.
We added three people at the end of last year.
We are looking at -- to more people that are in -- right now for us.
When they finish school in Maine they will be -- they offered full time positions.
And we're also looking at hiring an additional sales person.
It's all due to.
In this this they're -- -- -- -- -- what we're doing.
A packed seeing them business is up you're making our money.
Have demanded back what's -- on visit.
Business has been steady and we are looking to expand our facilities and have more equipment.
And our our philosophy is.
If you're out there aggressively.
Winning in the marketplace.
You can create jobs.
OK tonight -- -- Michael was saying that that demand is back -- he's able to create jobs so it's again chicken or -- again until we have this conversation every month.
-- the demand is out -- companies like Michael's will hire are we gonna see more that.
There we are seeing -- -- we seeing any employment picking up.
-- -- are also seeing consumer spending picking up we had a good fourth quarter for consumer spending.
Generous -- soft but February was was -- -- so.
The underlying picture.
Both the chicken and -- federal both improving to get a big question -- needs for the immediate future -- how much -- to get taken out of the silenced by what's happening right now for the north.
And I yes -- I was thinking you know.
One -- that I've been hearing is that it be nice as the one good piece of news is that you see CNN primary dropping below 9% while there's really not that many people looking for jobs.
This may -- -- psychological level for the folks who gave up looking like those who were the most -- if they can get back into the labor force and start looking again.
That would really be helpful a lot of folks on the continuing -- a lot of folks just gave up all together.
Thinking how bad the economy let this kind of psychological number could be good news to get people -- -- the -- -- out looking again but but.
Still cold we're looking at a market you've got the Dow now down a 116 points -- -- we're going into the weekend.
Lot of times you see -- like this begin to drop Nicole it is because you guys at the -- out there's this number this stuff never forget nobody seems to care.
Let me take you with a grain of salt let me -- really -- fluctuate month a month we've had whether early you have all of these different factors that go into these say you know seasonal thing.
Right now the really the focus on Wall Street they're they're sort.
The jobs number -- got -- that at 830.
930 they're really watching oil that watching a 10387.
Is it going to be -- hundred form what's it going to be up by 1 o'clock.
You know this is that worry that really hovers over Wall Street and real -- Jim you're nodding your headlines.
I was -- Michael in terms of you're your hiring right now.
Is this more of a -- but based on your -- -- -- demand your company's demand or.
I guess is -- a supply of people available to you very fable two USA as a small business owner.
I mean you chasing the market reality coming -- you sort of well we're going to the market we're being aggressive.
I wanna I wanna say there are two programs that.
President Obama has champion that really.
I feel there -- he's going to be a big boom.
The economy and the two programs are the section 179.
For new equipment.
We -- are going to purchase new equipment based on that.
And also the Small Business Administration.
Than the rates are more favorable.
The terms are good we're adding onto our facility.
-- from our standpoint.
And I can only speak from my businesses.
-- we're aggressive I have a phenomenal team and that's what it's all about the the human resource -- And I think that's the key.
All right Michael Donovan from graphic shot thank you very much Nigel Gault site just global chief US and -- -- tournaments thinks about the -- course.
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