What's Next for the Job Market?

" Next for the job market employment in this country -- they say. Is director of macro economics with Moody's economy dot com -- always great to see even on a day like today. People keep saying the unemployment rate is a lagging indicator is it this time."

" Well I think it if I mean obviously we have third quarter GDP was growth with positive said the economy is expanding. But -- you know it's a very bad side that would the unemployment rate increased as much as it did and we continue to -- big job losses. I -- this expansion is to really take hold we need to see job growth and we just aren't seen that yet."

" Does what the number like that ten point 2% grand it's not quite to the cycle high back in 1982. A ten point 8% what does it -- confidence in terms of people's willingness to go out there actually look for a job."

" Well I think it does hurt people's confidence and in fact we saw that the labor force decline. -- so that's a bad sign you know I and and I think more than that I think it makes people who even have jobs nervously -- the unemployment rate has gotten above 10%. Their pick perhaps going to be a little more anxious about their spending -- May pull back in that can exacerbate the problem so I think we really do need to see. Job growth. Pick up when you see the unemployment rates start to come down before people get more confident about what's going on in the economy."

" What if any more additional stimulus should we see from the government again expand extending unemployment benefits 1099 weeks. But the what is six the extent does that discourage people from going out looking for work us."

" Well it -- it certainly does discourage people from looking from work that I mean let's face it at this point they're just aren't many jobs out there firms really aren't hiring. So right I think what we can do is we could see more aid to state local governments because. Otherwise they're going to be undertaking big budget cuts and big job cuts. The early next year. And that would hurt the job market and then we may see the the administration congress consider job creation tax credits although those I think would be less effective. It actually creating new employment."

" Was it any expanding the first time home buyer tax credit the right decision and how. How would bank are we going to get for our bump from that -- because again it's about eleven billion dollars to expand it went. People polled by -- and when they found out how much it was. The democratic why is in favor of well yes."

" I mean certainly it is it is quite expensive. You know and and I think the key question is is is this going to encourage people who. Are already home buyers who may be looking -- trading up you know I guess -- I'm a little skeptical like I think that a lot of this is going to go to people who would have bought a new home anyway. So I'm not sure how effective this is going to be on the other hand you know perhaps -- contributed to that stabilization in housing prices. And that will help that will help go consumers feel more confident about things. Gusts of legacy thank you so much -- but I."