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a comment at facebook.com/c-span. here's one of the many reports this saturday morning on the jobs report that came out yesterday. at. payrolls top estimates 196,000 new jobs. is aniter of that piece economy reporter for bloomberg. she joins us by phone. good morning. guest: good morning. host: tell us about this topline figure. tell us what it all means. largely showedrt that we are on even footing in the labor market. it was a really strong bounce back. out, wehe report came had this february figure of 20,000. this was a complete shock to the market.

i heard people calling it everything from an anomaly to a surprise. if we get another week number, this will signal something really bad is happening in the labor market -- another weak number. if we get a strong number, that's great. we got that strong number, at a really00 jobs strong pace. it signals that the market is doing well, the market is still tight, employers are still looking, demand for labor is still really high. there's so many global headwinds happening right now if you think of the trade war and the trade talks that are ongoing, you can be a bit more optimistic now. there is this overhang for employers, the tax cut going into 2019 that will lower

economic growth. you have a lot of things going on. the things holding us up right now, the consumer and the labor market. economists are looking for something closer to 170,000. on a whole, it shows the labor market is looking good. the one area -- there's a couple areas of concern, one of them being that the wage growth has slowed down. going into this report, we saw 3.2%.hing weaker -- w the overall sentiment seems to be it is still above 3%, still in that range we see when the economy gets hot, still around the level we were at in the last economic boom cycle.

it still means it's putting money into consumer's pockets. i would be interested to hear from people calling and if they are seeing that money and have that experience. maybe someone calling and can explain what happened in february. we could see a dip in retail sales as well in december. host: what are the hottest sectors in the economy from this jobs report? what are the particular areas of concern? guest: we saw gains and a lot of sectors. in health care, professional technical services, computer jobs did really well. food services are doing ok. some of the areas of concern, retail, construction and manufacturing. construction could have had some

weather effects. march, we saw some really cold weather at the start of the month. that tends to weigh heavily on construction. formay have not been called jobs for couple of days. there was an employment drain that period. that happens in montana, they had record cold weather, parts of the northwest had that in the early months. as for manufacturing, this is something we were keeping a close eye on. we had a lot of completing signs -- conflicting signs. we had the adp report and the showingfacturing survey manufacturing was doing well. the interest for jobs had the biggest gain in over a year. the adp report was showing the

opposite, we had weakening in the sector. march showedrt for the manufacturing sector weakened. for some reason, factories this month had working declines. it's been weakening for five months. the last time that happened was in 2008. since the biggest drop 2016. this does not paint a very good picture. economists are still trying to figure out what's going on. it could be the trade war weighing heavy on investment or inventory buildup. before all the trade tariffs came into effect, we had companies going out and buying from china and other countries, building up their warehouses. now, they are trying to sell it

all off and they will wait to until that product is gone so they have money to invest. questions about manufacturing and factories. that could be a challenge for trump going into 2020. that is the one sector we had some cracks showing. monthmoving forward next and the months beyond, what are you looking out for? what are you most focusing on now? guest: the question now for economists is, first of all, the wage picture. de-escalation, that really shows that there is a decline, inflation is not anywhere to be seen, the other

side of the picture of the fed, what they are looking for. they are holding for the year because they don't see inflation going anywhere. as for the actual payroll figure, so far, we are looking 170,000 and between 190,000. we are still not out of the woods yet. jobsially because of the -- the government shut down. that wreaked havoc in the data. may will be the first month when it's completely clean. you can't make excuses for the data anymore. may is the second quarter. we will start to see a cleaner print and hopefully a stronger print. lower,uarter tends to be we have the effect of the

shutdown entering the second quarter. we should see an even stronger number. thanks a lot for your time and announcer: sunday on book tv, at noon eastern "in-depth" is live with no reprints for an interactive discussion on her career and latest book. join our live conversation with your phone calls, tweets, and facebook questions. then at 9:00 p.m. eastern, investigative reporter vicky ward on the careers of jared kushner and i ivanka trump, and their roles in the trump administration, in her book "kushner inc." she is interviewed by a former "new york observer" editor in chief. >> well, donald trump, this is

the other really interesting dynamic, they will at some point become too much of an obstacle for him, that he just has to let them go. he goes back and forth on this. had a system of women misused emails, because that is what he went after hillary clinton with. that caused him to say to john kelly, can you just get rid of them? trump, heis it is can't pull the trigger on his own daughter. then he seems to forget about it. announcer: watch book tv sunday on c-span2. >> there are many new cases of the 116th congress, including representative madeleine dean of pennsylvania, former attorney in english professor who serves in the pennsylvania state house. >> at what age did you get