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[0:00] ..." The Labor Department has announced that this country has its highest unemployment rate nine point 7% since June of 1983. Joining us is the chief economist at Standard and Poor's David weeks -- what does it mean."...
[0:14] ..." Generally. We're still seeing the economy declining labor markets getting worse but the pace of decline is slowing down. 216000. Smallest problems we've seen since last year. It's still a negative"...
[0:31] ..." So how did the unemployment rate if the job losses were less than expected how to be an informative and in number jumped from nine point four last"...
[0:53] ..." You know starting new jobs. Deciding to stop looking for work getting back to school -- Others may have been distorted also by the fact somewhat late Labor Day. So cute males in -- Look for work"...
[1:46] ..." But the unemployment rate normally -- by about six months or so sweet and expected did -- peak until next spring. -- our current guess is"...
[1:57] ..." Thank you David David Luis chief economist at standard reports."...
[0:00]" The Labor Department has announced that this country has its highest unemployment rate nine point 7% since June of 1983. Joining us is the chief economist at Standard and Poor's David weeks -- what does it mean."
[0:14]" Generally. We're still seeing the economy declining labor markets getting worse but the pace of decline is slowing down. 216000. Smallest problems we've seen since last year. It's still a negative however and in this isn't over until we start seeing positive them."
[0:31]" So how did the unemployment rate if the job losses were less than expected how to be an informative and in number jumped from nine point four last month to nine point seven this month."
[0:40]" It would have last month that a book like seasonal flu that went down attempt. And I think percent to confirm that. Generally you know towards the end of the -- distanced confused seasonal factors because of teenagers. You know starting new jobs. Deciding to stop looking for work getting back to school -- Others may have been distorted also by the fact somewhat late Labor Day. So cute males in -- Look for work a little later than usual."
[1:09]" And also revised the July numbers and they went up by believed to close to 275000. From under 250000."
[1:16]" Yeah we had a slight revision there that's not released statistically significantly revised June in the other direction so. Generally they didn't change a picture of the last two months significantly."
[1:26]" David -- instilled in nine point seven is is an over this gonna get a lot of people's attention how much higher or is it likely going told us in the past that. -- employment always lags behind the recovery. That apparently at least by some other. Major currencies is now being shown in the economy -- how high do you think it's gonna get."
[1:46]" But the unemployment rate normally -- by about six months or so sweet and expected did -- peak until next spring. -- our current guess is somewhere around ten point 4%. So poised to go."
[1:57]" Thank you David David Luis chief economist at standard reports."
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