our labor statistics say if you take a minimum wage job and you work 10 years and you don't have education beyond high school you don't have a skill like an electrician or plumber the average increase after working hard for 10 years in a person's income is $2.00 an hour doesn't matter how hard you work big about who works harder the person cleaning the hotel room or the person in their office you don't move without a skill or an education so if you want to buy your mom house going to make sure your kids don't go hungry can't get a skill got a good education now if you want to on say start all that 30000 a year and have the possibility or up to 60 or 70000 you know you have to have skills you have to be talented you have to know how to do you need what we call soft skills and hard skills parts skills are just you know being technically trained to do something computer literacy anybody who. goes through school these days and isn't computer literate is going to be in trouble and i think our schools should be doing a lot more if they're not already to teach people programming and coding skills

makes a $100000.00 and not educated but i'm quoting labor statistics and census data that's an exception i didn't know what i wanted to be and so after i graduated from college i think that somewhat normal but i went ahead and i i went to college and i picked the major and i was glad that i had people in my life to encourage me just to go ahead and go in a lot of people because they've learned that they've been sent messages that they're not smart enough they're not good enough they don't try and tell me which i . bet your high school diploma gets your college degree and then keep pursuing what it is that you have a skill set for and you're passionate about one of the hardest most heartbreaking things about not having your ged or your high school diploma is sometimes you hit the ceiling at work or you miss an opportunity we don't want you to miss we we want people to have those are. the best do to you know i'm not i asked that every the. walking around but i graduated man education and you need a plan. one of things i think we're really not talking to high school students about is this s

out, which shows the economy ended at 1.4 million jobs last month according to the bureau of labor statistics-employment rate fell into the single digits since the first time since the pandemic began dropping from 10.2% to eight fort -- 8.4%. joe biden will be talking about the latest job support and u.s. economy. live coverage from wilmington, delaware gets underway at 12:15 eastern. lindsey graham who chairs the senate judiciary committee will be part of a discussion on the role of judges in federal judiciary live at 2:00 p.m. eastern -- eastern. host: we are back and we are joined by john fortier and he is here to talk about how we are going to vote and voting systems ahead of election day, 2020. thank you so much for joining us this morning. guest: good morning to you. host

from the census, and special sampling surveys conducted by agencies, in this case the bureau of labor statistics. some of the materials have been analyzed over time by the 20th century foundation. looking at the pattern of consumer expenditures in 1909, about one third of the family budget went to food, liquor, and tobacco. 24% went to housing and utilities. 15% to clothing and personal care. 12% went into household equipment and operations, 5% to transport, and the remainder, a combination of recreational, medical, educational expenditures. in general in 1909, almost three fourths of family expenditures went to the essentials of food, shelter and clothing. >> with the increase in education, there should me more of the budget going into schooling today. >> not as much more as you might think at first look. for example, in 1909, 1 .4% of the family budget went to education. by 1952, it increased to only 1.6%. >> that isn't much. >> not at all. it doesn't reflect the change in education that occured. the explanation is to be found here. in the american way of life, the education is a public servic

call the bureau of labor statistics and union members may close to $200 a week more than on union members. power andate buying that jogs the economy. i heard a little while ago them talking about solidarity and worker empowerment. it seems like people danced all around. what i think he was trying to say, and nobody mentioned organized labor. i think it would be a big help to younger people in this country if they would become doe aware of what it would to them and it would jog our economy. as far as manufacturing, all these jobs that went away, they went south because they did not want to pay the wages that would create an economy like we used to have. host: have you been or were you a union member? caller: yes, i was a member of the teamsters union's for 29.5 years. i am 70 years old and i retired with a defined pension plan. along with that pension plan and my wife's and social security, we enjoy a comfortable life, but the main part of our income is that defined pension plan. defined pension plans are gone now. young people do not understand what they are about. that was created throug

bureau of labor statistics the demand for wind turbine technicians is expected to surge 57 percent in the next 8 years as more people rely on wind power i don't know where to go or what to do in july the traffic ministration with partners in the corporate and nonprofit sectors launched a campaign promoting skills based jobs so i found a welding program i got my certifications they require training but not a 4 year university degree the goal is to steer the young unemployed and even people big career to in demand jobs the campaign is also trying to steer americans away from the deeply ingrained mindset that going to university is the best foundation to build a stable life it will be important for us to continue to advance this narrative that every role in our economy is vital that individuals can have an expected life of progress that one opportunity can move to the next opportunity and that learning and the work itself is going to weave together in a pretty strong fabric the national jobs campaign was in the works prior to the pandemic now the timing of its launch comes as economists

collect now because people are having to work from home especially with labor market data with a labor statistics to door and takes a survey to do their statistics, that's not happening. we are in the war and i'd be happy to get in an argument with my friend, jason between 9.9. i think we should declare victory, thank goodness we now have a recession on our hands, not of depression. paul: he said recession isn't recovery, though. is it recovery? the economy is expanding again. the atlanta federal reserve is 30% year over year increase in gdp in the third quarter. >> absolutely. it's just when you started from a depression, getting into recession is an act of recovery but eventually when they get the official date of the trust, it's probably going to be april or may. the call is april which means this would be a two-month depression and the shortest recession on record before this was seven months. it is an amazing thing. paul: in your are concerned at all about the ending of the federal payments and whether they will have economists have if all of the demand cliff because consumer spending will f

i ask that because there was a survey coming out of the bureau of labor statistics that showed a much rate of growth in the united states over the next decade then in the prior decade. we are seeing structural cuts across the board. i'm singing of salesforce.com, airlines with nearly 500,000 job losses so far this year. void?obs will fill the lewis: one of the big questions that is hard is what is the world going to look like after covid is no longer a threat. what is the outlook for industries like airlines, travel, restaurants, those kinds of things? it may well be the case that, for example, there isn't as much business travel because we've all learned that we can do this stuff remotely more effectively. i think ultimately, that will mean it will take longer to reallocate those jobs, but history will tell you that ultimately, the economy adjusts, we find new ways of doing things, and ultimately the economy gets back to some notion of full employment, even if it looks very different. those sort of structural changes take time. that's part of the reason why it will take longer to get

agree, everyone would even in the people in the bureau of labor statistics, they underestimate the numberoyment we have. people who claim they are still employed but temporarily laid off are not being counted as unemployed. in march, there were 5 million people who were counted as employed but we should have thought of them as unemployed. then you have the very large number of people, about 4 february who are facing hard times because of economic reasons. they would rather be employed full time but they are employed part-time. you could think of them as being partially unemployed in some sense. the third issue that happens, there are another 3 million people who have gone out of the force. they tell us they are not looking for a job because there are no jobs out there but they .ould like a job that is the real concern because we should be counting those people as unemployed. if we counted all those people, the unemployment rate would be another 4, 5 percentage points higher than the actual reported number we see. david: address another issue. apart from the claims, there is something call

bureau of labor statistics is it projecting employment to grow .4% -- forecast much slower than the 1.3%xpansion rate we saw following 2008. many investors are betting on easy money. former federal reserve chair janet yellen agrees. yellen: my guess is we are in for a long period of excessively low rates and asset purchases. decade, inflation shows very little response to labor market economic activity. that suggests unemployment may need to fall to low levels during the next expansion, and stay at low levels for quite a long time. for more insight, i want to bring in blerina uruci, economist at barclays. i understand the fed wants to keep it -- rated zero for the for siebel future. how much can they do without the help of fiscal stimulus? blerina: thanks for having me. that is a great question. ist the fed is trying to do call on those parts of the on labornd to focus markets and inflation. last week we heard a lot from jay powell in terms of what they plan to do to bring inflation higher. we all know for the past decade they have been undershooting their target, and this move towards i

in all of the mail we get, thank you for the mail and tweets, you have to overlay the other labor statisticstop of the official statistics. our viewers and listeners are doing that even if the fancy statisticians are not joint jonathan: they are living it, they are experiencing it, and so many are experiencing the disparity away from the actual numbers. as far as aggregate numbers are concerned, they are better-than-expected. for an individual, it is not a relative game. it is about how you feel. thetive to expectations, economy has come in better-than-expected and continues to do so. many people would like to see the effort to blue -- supercharged, which is why lisa asked what would happen to the base case assumption if fiscal policy does fail. right now it feels like it is failing. we turn towards the first moment of silence, which is around five minutes away. tom: five minutes away, and the images for those of you on bloomberg television are clear. is ahose on radio, it decidedly different 9/11 this year with the pandemic. there is been a heated debate in new york city on the spectacular

for example, the national bureau of labor statistics and secretary of agriculture henry wallace. f.d.r. appointed a physicist and president of the massachusetts institute of technology in 1933 to head a science advisory board. funded by the rockefeller foundation, for there was no appropriation. the board tacked academics and industrial scientists to study the organization of various government bureaus. in the course of its limited life, the board suggested that the study of basic science underpinned all other research and should become an end in itself. it also proposed a new deal for science using government funds to support research at universities. compton's plan proved too ambitious and was resisted by another f.d.r.-a portion -- f.d.r.-appointed body the , national resources board, f.d.r.'s uncle, frederick delano. ultimately it failed to gain sponsorship. military research during the war period was minimal. an anecdote might explain why. in 1934, a board headed by former secretary of war recommended strengthening army research and development above the equivalent of $74 mi

i was seeing the bureau of labor statistics, the atlanta area for september is seeing unemployment ratemajor jump from this time last year. what are you saying to people who are perhaps coming through to a food drive for the first time in their lives. >> what we're saying to people is that we know that you're in need. this is what we do as a city. we're here to stand in the gap for people who are in need, but the end of the day we can't do it without important partnerships. so to have when we all vote and so many ore important partners to be a part of this is really who we are as a city, who we are as a community and an opportunity to give back and just to remind people that they aren't alone and they aren't forgotten. >> reporter: right. it's a shared experience for sure, that a lot of people are going through the same thing. now, are you finding that some people are really not registered to vote yet? do you find that a lot of people are getting that done today? >> there are some people who aren't registered to vote and others who need to change their addresses, which is just as import

month according to the bureau of labor statistics. the un-employment rate fell into the single digits since the first time since the pandemic began dropping from 10.2% to eight fort -- 8.4%. joe biden will be talking about the latest job support and u.s. economy. live coverage from wilmington, delaware gets underway at 12:15 eastern. lindsey graham who chairs the senate judiciary committee will be part of a discussion on the role of judges in federal judiciary live at 2:00 p.m. eastern -- eastern. host: we are back and we are joined by john fortier and he is here to talk about how we are going to vote and voting systems ahead of election day, 2020. thank you so much for joining us this morning. guest: good morning to you. host: this is one of the conversations we have been having over and over. define for us the difference between male and and absentee voting. perfecthere is no definition of these sayings. we use these terms loosely and we use them in different ways. broadly speaking, i think we can talk about there being two ls for t

to collect because people are having to work from home and with labor market data where the labor statisticsto door and takes a survey to produce their statistics, that is not happening. we are in the fog of war and i would be very happy to get in an argument with my friend jason with a difference between 8.4 and 9.9, that is a rounding error and i think you should declare victory, thank goodness we now have a recession on her hand and not a depression. paul: you said recession, is it a recovery though? it's a recovery, is it not, it is expanded and the atlanta federal reserve is that 30% year-over-year increase in gdp in the third quarter. >> absolutely, when you start when it depression getting into recession is an activee recover. but eventually when the mbr gives you official date of the trough is going to be april or may, their call is april which means this would've been a two-month depression in the shortest recession on record before this was seven months. this is actually an amazing thing. paul: are you concerned at all about the ending of the federal payments and whether or not the

only be attributed to both fiscal and monetary stimulus, and let's not forget the bureau of labor statistics30% of people's personal income now comes from the federal government, so consumption heretofore has been forced by the federal government. this is a pernicious cycle that i think it's fundamentally wrong, but the opportunity cost of not being in the market is too rough. >> neil: all right. we will see what happens. thank you both. good reads on this market. by the way, everyone knows what happens tomorrow. the granddaddy of all economic reports comes out. the employment reports for the month of august, and it seems to be we've gained 1 million or so jobs. what they are really focusing on, and this is something they don't always do, that unemployment rate, which climbed well near 16%, now down to 10.2%. it could go under that tomorrow and be in single digits, certainly for the first time since this hole, you know, virus shutdown started. i want to go to charles payne on that and the importance of that report. so, charles, let's say we get the reader that i just said, that estimate for

romaine: do you put more weight on the labor market statistics themselves?at do you divine from them so far? >> we have certainly seen a bounceback. there is no denying that. it is decelerating. we have added more than a million jobs which is good news. but we are adding fewer jobs every month and we are a long way to go. the unemployment rate is confusing right now. 8.4% still useful, but the doesn't even include people who have stopped looking for work. if you had a job in march and you're not looking for work right now, you're still relevant to the labor market. if you throw in misclassification and people who have stopped looking for work, we are still a 10% which is massive. the labor market is still at the peak of the great recession. , we areook at payrolls worse than we ever were. if you look at the labor market, it is so strange to look at where we are now and to think it is time to declare victory and take your foot off the gas. this is still worse than it ever was at the peak of the great recession. caroline: with the fiscal foot seems to be hover

well, i tell you what, it's hurting those places, and we just got numbers from the bureau of labor statistics. it wouldn't surprise you to know that new york state has a 12 1/2% unemployment rate. that california has a double digit unemployment rate. all those states that tried their best to get people back into the workforce, alabamas and the georgias of the world, the tennessees of the world are looking significantly better. by the way, speaking of tennessee, i want to ask you about, it's a local story, but it is making national headlines. this report in nashville about uncovering what it looks like it's a cover-up by the mayor's office to keep shockingly low covid cases numbers down. out of the eye of the public, what do you make of this? >> i have heard more about this in the past 24 hours than just about any other issue. people are incensed. there should be a full investigation of this. if these city employees, the mayor's office, if they decided they were going to manipulate this information, and mislead the public on this, then of course they are going to have to have accountability on

expect him to use a lot of those labor statistics numbers that came out this morning that show the million people who are back in the job market but the millions of people who are still out of it. and, steph, all of this comes against the backdrop of what you laid out at the top of your show. this is really the first week where it's starting to feel like a typical general election. both candidates out on the campaign trail making their pitch to voters. my colleagues have a great piece that describes it as campaigns that are happening in two different realities. you have two parallel tracks of campaigning where joe biden is making the economic recession and coronavirus pandemic the centerpiece of his pitch to voters, whereas trump is trying to turn the page on coronavirus and instead painting the economic moment as one of a booming stock market. something that we've heard him do for months and months, although right now, the economic reality does not match anything that the president is saying. and i think it's also important to note that it feels like the general election right now, but i

the bureau of labor statistics says 79% of the independent contractors right now actually prefer theyb. today the department of labor unveiled a similar framework for businesses to follow, uncluing what they're call -- including what they're calling an economic reality test for employers. under the rule workers have to be in the business for themselves rather than being economically dependent on the company. secretary scalia says this role isn't going to get companies off the hook that are trying to manipulate this rule to classify their employees as independent contractors as a way to dodge giving them benefits or paying a full-time wage, salary or giving employees overtime. they'll still cac down on -- still crack down on companies that do that. there's a 30-day comment for this rule which is short or than usual which means they are going to to be expediting this rule approval. neil? neil: yeah. just get the language right so we all know. how do you define it, what is an independent contractor. hillary vaughn, a great job, as always, my friend. let's go to susan lu, in case you can'

the bureau of labor statistics of union members, they may close to $200 a week more than nonunion memberswer thatte buying drives the economy. -- mr. tankersley talk about work empowerment. people have been all around. what he is trying to say is nobody mentioned organized labor. i think it would be a big help. people became more aware of what organizers do to them and it would jog our economy. as far as manufacturing, all of these jobs that went away, they went south. they did not want to pay the wages that would create an economy like we used to have. host: have you been or were you a union member? caller: yes, i was a member of the teamsters union for 29 point five years. i'm 70 years old. i retired with a defined pension plan. along with that pension plan and my wife's and my social security. we enjoy a comfortable life. is main point of our income the defined pension plan. they are gone now. young people don't understand what they are about. that was created through organized labor. appreciate you calling in this morning. caller: thanks for taking my call. everybody's making this who

the next big jobs in america constantly evolving as the country reopens, the bureau of labor statisticshealthcare, technology and green energy related jobs. joining me right now is michael rosenbaum. it's good to have you this morning. tell us about the top jobs on this list and where you see them growing in the last 10 years. >> thanks for having me, maria. this list, interestingly, is actually just percentages growth. in some of the clean tech jobs for example there aren't actually that many jobs. when you look at the broader trends, what we're interested in is absolute numbers. healthcare, which is a lot of the jobs on this list, the same report said that healthcare itself was going to grow by something like 2.4 million jobs between now and 2029 and that actually understates certain job segments like areas where there may not be licenses required or social services. if you include those you're probably talking about something like 3 to 4 million jobs. in tech, as of the beginning of this year we had a million jobs in tech in the united states we couldn't fill, those were accelerating

the fourth highest job gain in any month in the history of the bls, the bureau of labor statistic datao the underlying is good. the back and forth in the media was not good because of the domination of the woodward book. well oh he see how it goes this week and next week when we look back. >> trace: we showed live pictures of the former vice president joe biden getting on his plane heading to wilmington, delaware with that. there goes the picture on that. very quickly, karl, i want to get your take on one more thing. the new numbers that came out a couple days all from the u.s. census that shows that president trump says he might have had the greatest economy in history, there is a lot to back that up? >> absolutely. that's one of his great strengths. in the last six polls i've seen on a national lever who will do a more effective job on the economy the president led by an average of 49-43. people understand in 2017, 2018, 2019, the country had a degree of spreading prosperity particularly for less educated lower income workers were gaining significant ground and prosperity was spreadi

that from the bureau of labor statistics for the month of august.rms of the number of jobs, what makes this 1.3 7 million jobs, workers, 238,000 retail, 200 foot in and 249,000. business, -- they make the point that more .han 60% are temporary jobs education and health, 147 thousand jobs. in the "washington post" there is an opinion piece -- don't celebrate that jobs report just yet. the author writes that in hiring continues at the august pace, it could take eight or nine months before all the jobs since the pandemic began are recovered. there are five reasons, and she lays them out in this piece why the rate of hiring will slow down further as we move forward. that is in the "washington post" today. mike is calling from -- for joe biden. for taking myyou call. donald trump is ruining our nation. he is taking away any hope of honesty or morals, anything like that. he gave all of our tax money to industry. he is breaking our people. when he gave us a tax break, he and the republican party said oft we would have ag gdp -- how many times have they hit

six people were shot over this labor day weekend at a festivity in brooklyn. so i would say statistically we're not much higher than we were. but on the ground it is certainly feeling more violent, feeling more unsafe, in unsafe communities, if you know what i mean. i'm talking about communities where we were somewhat having to deal with more crime, it feels more, in many ways, dangerous. and the fact that you have people that are disproportionately essential workers that had to go to work. they did not have the summer or the pandemic off. so it has been in stressful areas slightly more stressful. i don't think the headlines are exactly right. i think they embellish it. but clearly those that feel the worst has gotten even a worse feeling during this pandemic feeling in new york. >> i hear the fears of, again, defunding the police or cutting the police budget by a billion dollars in new york city will impact who, the poorest people in new york city. and also disproportionately impact people of color, rev, with school safety monitoring being yanked out of there, and other police officers t

tom: i get the politics of it, but the statistics that you, i, and lisa are looking at of the labor overlay, the published statistics plus the pandemic statistics on top of that, leads to a lot of jobless in america. tom: the conversation continues -- jonathan: the conversation continues. let's borrow a word that lisa used at the top of the hour, resilience, and the resilience of new york city. that conversation coming up next with jean-yves fillion, bnp paribas u.s. ceo. this is bloomberg. ♪ jonathan: this is "bloomberg surveillance," live on bloomberg tv and radio. alongside tom keene and lisa abramowicz, i'm jonathan ferro. two hours away from the cash open. futures just with a little bit of a dip in the last 20 minutes or so. we are still elevated 22 on the is and p. we advance -- on the s&p. 0.7%.ance inflation mandate, policy objective, euro-dollar walking straight through it. in the bond market, slap bang in the middle of the last several months, around 70 basis points on tens. bound centse range of that is were markable. right now at a 0.69% come around to get up to two digits. it i

those numbers are from the bureau of labor statistics. that was in the last jobs report.here is going to be permanent structural damage. and the longer parts of it stay locked down, the more structural damage they will be. and then if you don't open schools, even as virtual school learning, the long-term impact is going to have particularly on mirnghtsd so-called minority communities, the so-called achievement gap, we are talking about long-term damage to job skills. the availability of jobs. the ability to even earn. so, you know, this all gets back to how long you keep the economy locked down because every single day any parts of this economy is locked down, that means more businesses are going out. we had a vaccine a month from now that still means we will probably between now and a month lose half a million more permanent jobs. this is a sense of urgency, a cry, an sos to the united states congress to get your act together. they are not listening. steve: because so many people are indeed hurting and those numbers are jaw-dropping. charles, thank you very much. we are

according to the bureau of labor statistic, 80% of real jus organizations have fewer than 10 employees. second, the bill -- the underlying bill does not in any way amend or change the underlying exemptions in title vii civil rights act or americans with disabilities act or any other bill. it doesn't affect the real jus freedom restoration act. but it would if it specialized in this bill, would give the employer the idea that they could deny reasonable accommodations if they for some religious reason don't agree with the pregnancy. women who are pregnant and divorced. women pregnant out of wedlock. pregnant in a sim-sex relationship you don't have to give them a water break? this amendment is unnecessary. the other exemptions are there for legitimate religious reasons and this overbroad amendment would just cause mischief. i yield the balance of the time to the gentlelady from pennsylvania, ms. wild. the speaker pro tempore: the gentlelady from pennsylvania is recognized. thank you, mr. chairman and thank you, madam speaker. i rise in opposition to this political poison pill of an m.t.r

warming up at three degrees of the last 50 years and that statistically significant, we just had labor day heatwave three years ago and we are in for another one this weekend. those triple digit temperatures inland is the average number society between 95 and 105, sunday between 100 and 110 degrees, even into the 80s around the base sunday and monday. hour by hour temperatures, the bat 6:00. >>> your holiday weekend could be spoiled by a power outage. things to heatwave, but energy experts say it could all be avoided. plus. >>> with the wildfires now mostly contained around the bay area, why does our can or what is akin to to be so much smoke? why firefighter city unhealthy air could linger around here for weeks. >>> eight that will demand versus an officer with a gun, a warm lon forstmann like cordless phones. - ( phone ringing ) - big button, and volume-enhanced phones. get details on this state program. visit right now or call during business hours. and let me tell you something, rodeo... i wouldn't be here if i thought reverse mortgages took advantage of any american senior, or wor

dagen: bureau of labor of statistics show that most job losses for women are in leisure and hospitalityring. mattie, you're a working back, my concern is this would be generational setback for women in the workforce. mattie: i'm a millennial and mother of young child and amazing to me that it took until this point so the global man -- pandemic for us to think about parents in the workforce. it's been the mother's problem to deal with, getting kids in the child care. my kid is one year's old, that's a proposition that we are telling families across the country before kids are school aged. i think that this increase and working from home and we are a service's sector in the economy and the fact that you have educational by women continuing to be on the rise creates an environment where we will have more duality and taking care of the child care and in turn more flexibility and more opportunities to do both. that means men involved to, they have to be engaged in raising the children. not just a woman's responsibility anymore. james: i like to believe that i'm still engaged. so far so good.

i don't know about that, but these are statistics from the bureau of labor. >> juan: jessie, jessie,is that there were also hemorrhaging the manufacturing jobs and the total, the total as i said 270,000 jobs, manufacturing jobs lost since trump. let's not bore the audience. >> jesse: tell me what trump, i'm fired up, you're talking about the facts. all right. i see the manufacturing jobs were lost after the pandemic, but i said prepandemic they added 400,000, okay? if you go back and look at the factories lost as by then champion the china trade deal, 63,000 less american factories since he champions of that. you know how many manufacturing jobs we have lost since biden backed nafta? 4.8 million manufacturing jobs since biden backed nafta out. under obama and biden, the u.s. offshore to 1.3 million manufacturing jobs. we can go toe-to-toe on manufacturing and factory all day, i'm not here to talk about that. he was right when he said that the usmca is better than nafta. nafta, the textile industry got shredded it, though low automobile manufacturing jobs wiped out. the supply chains

disturbing enough you've been tweeting and stand about labor market figures the actual figures that we get from the office for national statistics why do you think you have problems with the oh and s. his figures upon which we base all of our modeling and so well if you get home look i mean so we know since march that around 9000000 people are actually off on this scheme what at what time to the on ss they are on the unemployment rate well the 1st thing is it's the least timely in the world everybody else can produce data right now for august well the oh and s. is producing data for june great that's really helpful but the other thing is that the data that they produce don't reflect what's happened to the economy so let's think what happened to the unemployment rate for the last 5 times since march 3 point 93.93.93.94.10 so the unemployment rate in britain is absolutely falling great well that's not true we know that there's all sorts of problems there is some evidence in this in the study they just produce that vacancies. but basically the data that they are next produces is not fit for purpose if you look at the united states

disturbing enough you've been tweeting on the stand about labor market figures the actual figures that we get from the office for national statistics why do you think you have problems with the oh and s. his figures upon which we base all of our modeling and so well if you get home look i mean so we know since march that around 9000000 people are actually off on this scheme what at what time to the on ss they are on the unemployment rate well the 1st thing is it's the least timely in the world everybody else can produce data right now for august well the o. and s. is producing data for june great that's really helpful but the other thing is that the data that they produce don't reflect what's happened to the economy so let's think what happened to the unemployment rate for the last 5 times since march 3 point 93.93.93.94.10 so the unemployment rate in britain is absolutely falling great well that's not true we know that there's all sorts of problems there is some evidence in this in the study they just produce that vacancies. but basically the data that the o. and s. produces is not fit for purpose if you look at the united states