To try to get there first and that sort of thing so im hopeful we will very much try to learn as much as possible from that facility and from all the other ones too we have a lot to learn here. So well certainly be trying to do that. In terms of fiscal concern, so, you know, for many years ive been before the fed i have longtime been an advocate for the need for the United States to return a sustainable path from a fiscal perspective at the federal level. We have not been on such a path for some time, which just means that the debt is growing faster than the economy this is not the time to act on those concerns this is the time to use the great fiscal power of the United States to do what we can to support the economy and try to get through this with as little damage to the longerrun productive capacity the economy has possible the time will come, again, and reasonably soon, i think, where we can think about a longterm way to get our fiscal house in order, and we absolutely need to do
Ferro, Lisa Abramowicz and annmarie hordern. Jonathan lisa told me off last time we did this, lets get to the weekend. I will start every hour with that. Live from new york city, good morning for audience worldwide. It is payrolls friday, equity futures on the s p 500 positive by. 1 . The most important payrolls print since the last one, until the next one. Will a double down on the booming 353,000 of last month. Lisa we are positioned for heads i win, tails i win, ultimately no one is betting on a reaccelerating inflation growth and thats what we are expecting from the payrolls report. 200 k is the estimate this morning. Weve had the adp, the services component, the employment component. None of it was this big blowout upside surprise that we all feared a few weeks ago. I was going through this and every time i kept kicking myself everything about the data has been goldilocks. Its the reason why people are pricing out the idea of reinflating the economy or true real weakness either. I
Unemployment fell in august to 5. 1 , and have a look at this that is the lowest rate since way back in april of 2008. Employers added 173,000 jobs last month, less than forecast but healthy. Anthony mason now on whos hiring. Reporter you can see the signs of a strengthening job market at hightower, a commercial Real Estate Technology company in new york. C. E. O. Brandon weber started the company with two partners just two years ago. In the last 18 months alone, weve added 50 jobs just here in new york. Reporter jobs that typically pay well, in the upper five figures, and webber says the pace of hiring is accelerating. A lot of that is a function of can we find the right people . Reporter good jobs are back, according to a new study out of georgetown university. Of 6. 6 million jobs added in the recovery, the study found 2. 9 million, or 44 , are good jobs that pay more than 53,000 annually, most with benefits. Almost all these jobs have gone to college graduates. I started applying f
Unemployment fell in august to 5. 1 , and have a look at this that is the lowest rate since way ck in april of 2008. Employers added 173,000 jobs last month, less than forecast but healthy. Anthony mason now on whos hiring. Reporter you can see the signs of a strengthening job market at hightower, a commercial Real Estate Technology company in new york. C. E. O. Brandon weber started the company with two partners just two years ago. In the last 18 months alone, weve added 50 jobs just here in new york. Reporter jobs that typically pay well, in the upper five figures, and webber says the pace of hiring is accelerating. A lot of that is a function of can we find the right people . Reporter good jobs are back, according to a new study out of georgetown university. Of 6. 6 million jobs added in the recovery, the study found 2. 9 million, or 44 , are good jobs that pay more than 53,000 annually, most with benefits. Almost all these jobs have gone to college graduates. I started applying for
Research Senior Research economist michelle mire and well talk through everything thats been happening through jobs and what to expect. But first, there is a developing story. An earthquake off the northeast coast of japan triggered a tsunami warning. The warning has been lifted, but it was a 7. 3 quake. So far no reports of any injuries or damage. It was for the same area devastated by an earthquake and tsunami back in march of last year. We will continue to bring you any developments. In the meantime, steve has some of the mornings top other stories. Lets start with the markets. Asian stocks rallying to 2012 highs overnight. The nikkei edging lower after hitting a se hitting hitting a seven month closing high yesterday. European trading, shares seem to be fwllat. Bundesbank announced it had cut its Growth Outlook for the country. In the u. S. , the nasdaq snapped its losing streak yesterday with its first gain in five days. The dow was on pace for its Third Straight weekly gain. U. S