final thought from alan krueger? you said not to put too much importance on it. what will you? e participation, wage growth. i think those are indications of how much running room there is for the fed, how patient it could be after december. i think those are key going forward. david: that participation number has been very stubborn, hasn't moved much. alan: in the last six months, it's up half a point. against the back drop of having fallen four percentage points over the previous decade, that's a significant rise, and potentially due to a high-pressure labor market. we'll see. i think the demographics will take over, but that's why we look at the report. david: the numbers really are dramatically high, as jonathan just hypothesisized. what does it do for hillary clinton's campaign? alan: i think most voters have made up their mind. i found when i used to discuss the numbers in the white house, people made crazy claims about them. i'll never forget jack welch saying the numbers were made up, which was preposterous. there's actually an article in the "new york times" reiterating

we will talk with alan krueger, princeton university economics professor.r. lots today into there. and what the jobs number will mean coming into tuesday. tom, you are looking at bill gross. steel, thank you so much. mr. gross, and we will do that on bloomberg radio. now joining us, carl riccadonna, who has been quite good with bloomberg economics and bloomberg intelligence. i want to go right to the chart. this is what matters to carl riccadonna. what is 100,000 jobs that -- this signifying the line right here is a big deal. why? carl: the l a line is where we have been over the last 12 months. yellow line is where we have been over the last 12 months. the unemployment rate is just steady. we are slowing, below 100,000 jobs each month. we are probably starting to see deterioration in the labor market. 100,000 is the bare minimum to keep the fed on its glide path. zentner's colleague ted wiseman did a beautiful job yesterday. buried within this are the terminal rates per both of you spoke about this. does carl riccadonna's 100,000 get you to the morgan stan

tomorrow is job stay and we will be speaking to alan krueger, walter altman.s bloomberg. 30 minutes into the session. after the longest losing streak since november 20 11, 7 straight days, can be snap that? up a 10th of 1%. crossover to abigail doolittle to take a look at facebook. abigail: one of the big stock stories is facebook. shares are sharply lower, on pace for their worst day. before we look at why shares are down, it is important to set the stage and mention the fact the social media giant has put up another monster quarter. and salese earnings estimates and posted huge growth, 56% on the top line, more than 200% growth on the bottom line relative to revenues, this is the fourth quarter in a row they put up more than 50% growth. another big quarter. so why are the shares down? investors are disappointed by the possibility of a deceleration in growth. said theyid -- cfos expect facebook topline to decelerate. we are talking about a drop from 35% growth from 52% this year. when be going to the bloomberg to take a look at what this , 47.30 five,like thi

alan krueger, one reason -- one of the people who pushed this research and is a great innovator, thinks he thinks it should be short of that. and go asng to except far as 15, but clearly, nobody in his right mind would say 30. it matters a lot where you are. problem is north america is a big place and minimum wage be affordable in manhattan or northern california , it will not work in mississippi. raise minimumys wage but from here, yes, we should go up further. david: concern as you mentioned, health care. i spoke with the ceo of that no last we, who said the next president has nine months to figure it out when it comes to the affordable care act. what needs to be done to keep this from continuing? >> nothing will happen in nine months. what is interesting is obamacare is not a national program. it is safe -- it is 50 state programs. functions varies a lot across states and there are a number of states where it is working reasonably well. jonathan has a great piece in whereffington post today it is actually doing decently. not perfectly. premiums are up 17% this year after being way be