. >>> joining us now is jim o'sullivan. good morning to you.ve you with us on this jobs report. 205,000 the number we're expecting. do we see a move? >> i don't specifically forecast the dollar but in general if we keep on getting 200,000 plus per month unemployment, chances are the fed will have to come up to tightening and that's probably dollar positive again. but certainly i do expect another pretty strong employment report this morning. >> beneath the surface there are other good nuggets that come with the jobs report from wages to participation. what are you going to be watching closest? >> i expect a pretty broad based set of numbers this morning. t . unemployment has stalled in the last couple of months. but i'd be surprised to see that bounce in the participation rate continue. i expect the unemployment rate to resume its down trend. and the wage number. i've got plus .3% on the month. year over year up. so i think trend in wages is at least slowly up. if we keep getting 200,000 a month there's more pressure on waging going forward. >>

here to talk about that is jim o'sullivan. nice to have you here. the data points, retail sales forecast. economist what does that tell you? jim: that helps the case for gdp growth bouncing back after the pace in q1. it is consistent with total real consumer spending. for consumerter 2% spending. this is not the only report that matters but it certainly does influence the fed and kill a deadly numbers matter. >> you have the elections also and you think about when they will have a press conference and not. for is likely the scenario fed moves this year? think that is reasonable. i changed it to 2 after the and ultimately if unemployment is falling and we are getting some drifting up, exactly when, it is up for debate. i would not rule out june. we need the flow of numbers to help in the next five weeks. i do not think there's any question when you go back to where they were in december when they did the first move and some moves. they backed off that in the primary reason is because of so-called global economic and financial developments. we had a bi