3. 5 . Joining right now to break down the number is anthony chan along with mike murphy. Great to see you guys. Thanks irving here. See mechanized beer. Why do you think the economists were so wrong on this very strong month of november for jobs . Murray a couple of things, first of all we know we have this big midwest storms during the month and a lot of people, let economists think that subjects in the number. Anywhere from 30 to 40,000 because of the weather. I looked the numbers, and these numbers are not seasonally adjusted so you have to compare to the year before in the year before that. Virtually no impact. Nothing significant on the weather. So additionally, everyone got spooked by the avp report because that came into the week. If you look at the avp, theres a lot of volatility there almost 70,000 with standard deviation. But when that that comes them below hundred thousand its usually historically leaves to a blowout number thats about 60 to 70,000 above the market expectat
November is the number which remains high in historical comparisons. The consumer is not falling off a cliff and that is important because as we look into 2020, it is the consumer which will be doing the legwork and driving prices. David you are our chief economist. It seems like different data in different directions. The university of Michigan Consumer was high. It seems like it is up and down. Can you get a clear picture of where the u. S. Economy is right now. Tom our view is we are looking at a slow down, but not a meltdown. The key way to look at this is through the lens of the job data. A year ago, even at the beginning of 2019, we were looking at a u. S. Economy creating a solid 200,000 new jobs a month. 2019,e are at the end of the run rate has come down considerably, we are closer to 100,000 than 200,000 now, but that is still enough job creation to keep unemployment at a 50 year low, to keep wage growth at a solid 3 or even higher. With that Unemployment Rate in that pace of
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Hearings or an equal voice for the president they mean to overthrow, or fair participation of the republican congress. It is straightforwardly a democratic blueprint for the removal of the president of the United States. The democratic resolution would continue house intel chair adam schiffs control over who is called to testify. Schiff would have the to continue to deny all republicans an equitable role of assuring President Trump due process of any kind. John roberts with the latest. Reporter the resolution in the house appears to give President Trump at least some of what he wanted, including a vote in the full house. But the white house says the resolution confirms the impeachment has been an illegitimate sham from the start as it lacked authorization by a full house vote. He tweeted nervous nancy pelosi is doing Everything Possible to destroy the Republican Party. Our polls show it will be just the opposite. The donothing dems will lose many seats in 2020. They have a death wish l
Permit but not require public hearings or an equal voice for the president they mean to overthrow, or fair participation of the republican congress. It is straightforwardly a democratic blueprint for the removal of the president of the United States. The democratic resolution would continue house intel chair adam schiffs control over who is called to testify. Schiff would have the to continue to deny all republicans an equitable role of assuring President Trump due process of any kind. John roberts with the latest. Reporter the resolution in the house appears to give President Trump at least some of what he wanted, including a vote in the full house. But the white house says the resolution confirms the impeachment has been an illegitimate sham from the start as it lacked authorization by a full house vote. He tweeted nervous nancy pelosi is doing Everything Possible to destroy the republican party. Our polls show it will be just the opposite. The donothing dems will lose many seats in