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Detailed text transcripts for TV channel - MSNBC - 20190201:18:31:00

Information from employers on the establishment survey that fills in the gaps. and that s really important to do over time. and so we do see these revisions, these were benchmark revisions. we do see these revisions that people say, wait a minute, can we even read this data? don t put too much weight in the month to month numbers. the underlying trend, 100 months, wow. we you and i have talked about the idea that we may be coming into a slow down in 2019, 2020. some of that would just be about expected, but we ve been in an expansion for a long time. these are really, really good numbers. how does that work when we start looking at a slow down? do they suddenly slow down or are we at a good number? to be seeing 2, 2 plus 100,000 net new jobs a month is pretty good. it is extremely good. and it gives us a lot of confidence that the recession isn t tomorrow. it doesn t give us any confidence whether the recession is in 8 months or 12 months or 24 months. that s what the hard part i ....

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Detailed text transcripts for TV channel - MSNBC - 20190201:18:26:00

4%. and the reasons to look at the other number as well. this one is up by 5/10 of a point. these are the four biggest. 74,000 jobs were added in construction, 52,000 in health care. health care is always a big gainer. even through the recession you saw health care jobs increasing largely because of our aging population. transportation added 42,000 jobs. and warehousing added 27,000 jobs. so that s the top line picture of this employment report. i want to dig into this a little more with diane swonk, economist at grant thornton. diane, good to see you. the question i m getting on twitter from people, where does the shutdown figure into this? it s interesting it s more in the unemployment data and also the number of people taking part-time jobs instead of having full-time jobs. that actually added to that u-6, the stress figure of unemployment popped it over 8% during the month. over half a million people ....

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Detailed text transcripts for TV channel - MSNBC - 20190201:18:32:00

Slow down coming in through the numbers. it means employers are still confident enough to hire. i made the point that, you know, luckily the economy is strong enough and labor markets are tight enough in a different economy those workers who were furloughed wouldn t have the opportunity to pick up some extra money and at least try to cover some of their bills with part-time work. so that s really good. so right now the numbers are not signalling, you know, red, this is a recession. nor are they signalling yellow yet. we have other numbers that we re worried about, but they have yet to fully work their way through the data. we haven t seen a lot of business investment. that s a sign they re worried about the future. we ve seen home sales and big ticket sales peak in 2017 and that s a long time to have a slide in those without starting to sort of worry about being on thin ice somewhere down the road. i want to ask my control room to put up the wage increase number 3.2%. can you put tha ....

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