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[0:14] ..." chief economist of standard poor's how bad is this news to Wall Street David."...
[0:19] ..." Well it's obviously. A problem for Wall Street that much worse than we expected for employment most of the surprises next in the government numbers it was a 53000. Drop"...
[0:34] ..." What does Wall Street waiting for are they looking for stronger dollar are they looking for some signs of life in the hiring sector."...
[0:57] ..." Well we're expecting the unemployment rate to get up to a peak of around ten and at -- next year -- so. There -- ways to go I"...
[1:25] ..." numbers they won't worry too much about right in the in the unemployment rate to key history -- employment and unemployment."...
[1:34] ..." main differences labor force in the United States keeps growing. You really need to add about 200000 jobs a month just keep in unemployment rate constant."...
[1:44] ..." losing jobs to question of people who had not been employed and paying taxes. Finding work."...
[0:00]" Labor Department has reported the number of jobs lost in the economy in September and it was worse in the experts. Had predicted they were right about the unemployment number that's a bad number nine point 8% the worst since June of 1983. David weeks -- chief economist of standard poor's how bad is this news to Wall Street David."
[0:19]" Well it's obviously. A problem for Wall Street that much worse than we expected for employment most of the surprises next in the government numbers it was a 53000. Drop in government employment -- state local and I just reflects. Budget problems that they are having right now."
[0:34]" What does Wall Street waiting for are they looking for stronger dollar are they looking for some signs of life in the hiring sector."
[0:42]" I think -- like some hiring has the biggest problem we need to see some positive employment numbers because unless you see that you're not going to get Consumer Spending coming back and without Consumer Spending it's hard to QB --"
[0:54]" What is likely to be the unemployment him before things turn around."
[0:57]" Well we're expecting the unemployment rate to get up to a peak of around ten and at -- next year -- so. There -- ways to go I think the economy is beginning to recover we're starting to see positive GDP growth. They got a ways to go before received positive employment them."
[1:12]" Yes David Dow dropped 200 in the first minutes after the Labor Department reported a thirty. It's staggered down another 150 or so on the futures -- against a ten and a half percent several months what's that gonna do the market."
[1:24]" But -- positive employment numbers they won't worry too much about right in the in the unemployment rate to key history -- employment and unemployment."
[1:30]" End of the difference between those two metrics."
[1:34]" main differences labor force in the United States keeps growing. You really need to add about 200000 jobs a month just keep in unemployment rate constant."
[1:43]" isn't just a question of people losing jobs to question of people who had not been employed and paying taxes. Finding work."
[1:50]" Yet to people who haven't having unemployed but once young once employment rates start getting positive people get less worried about losing their job. And that's starts getting and spending money."
[2:00]" of the standard -- thanks for being with us on --"
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