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Your world ED 8000.
That's how many jobs were created last month well below the 200000 expected.
The jobless rate dipping the seven point 6% as more Americans simply stopped looking for work the labor force participation rate hitting.
Its lowest level since Jimmy Carter was president.
And now this from the Associated Press saying the weakness may signal some companies are worried about steep government spending sequestration cuts AK okay.
Even though the bulk of the cuts have yet to -- get.
Senate majority leader Harry Reid also citing the cuts saying quote.
Only congress can undo the serious effects of Republicans harsh austerity.
But no mention of the hike in the payroll tax which is blamed for consumers clamping down on spending or -- chamber of commerce study survey.
Finding that the health care law is now the biggest concern.
Bob and for employers to market watcher right now Craig Smith on separating the fact from the fiction -- what is it.
Government spending slowing down because of sequestration.
Or is it consumers not spending.
Well you and I both know what it is -- and this is what's funny I watch you talk about on the five back in December.
-- -- he'll talk about it right here on your world.
I watched the Fox Business -- which by the way if you don't get -- you should demand that talk about it that when you.
Go to raise taxes on the top 2% of American people.
You are going to lose jobs and guess what we're seeing that slowdown right now where the right well you race strategist on -- hero class Americans with the Social Security tax that had to go up that that means less money for people who go out to take eat out and so on and so forth.
I was thinking about a for the average 250000.
Think about it.
He he has tempers 1010101000.
Dollars more taxes this year there goes the gardener there goes -- made.
And now -- like in my own situation in my own company.
We lost a person this year to attrition.
We're not replacing inept person -- -- I don't know what I have to deal with what obamacare.
I have to make sure -- protect all my other employees because they get private insurance.
So you and I both know what it is -- well and if it was Seacrest sequestration.
Met the sequestration was mr.
Obama's idea so one way or another why doesn't this president take.
Credit for what is happening and give us some leadership to turn it around that you hit on earlier I hit in that answer but it wasn't -- 2% look at may have something you do to 2%.
You know the top 2% earners -- getting their taxes raised.
It was the payroll taxes and payroll tax increase hit every American it just wasn't the -- that 2%.
And and as I said you know that means it.
You know thousand dollars average person now -- they can't maybe have that night out where they go to the you know down to grab pizza or a movie show.
That means that that restaurant owner can't hire more people or maybe even have to -- somebody off.
But you know when I saw lists that statistic today that I'm sure you saw -- 663000.
Left the workforce in March that now puts it not eighty million people have left the workforce.
Nine point four million people left the workforce since mr.
Obama took over the White House.
If you're just suffer population I could argue that we have the lowest historic rate of working age people working in America.
We can't continue on this path -- We have point 6% GDP -- pregnant woman -- -- showing here alone to -- it again on MP you know this thing turned around alarming jump in here if you add those people -- keep leaving the workforce if you add them back in you're talking about a 1213 maybe even 14%.
Unemployment rate but here's the question at all those people that leave the workforce.
They're living on the government although there are relying on the government where's the incentive to get them back to work.
Amen you look -- get unemployment chronic unemployment by the way now is four point 6%.
Of our workforce forty 40% of our workforce four point six million people but you're right first you get unemployment -- -- about a -- said if it's -- 27 weeks is chronic unemployment.
That if that runs out you go onto disability.
Last month we had 82000.
People joined the disability -- that's down nine million people getting disability.
Then you get some -- some welfare of the disability runs out then you get food stamps.
Eric you and I both know and Neil knows.
These numbers don't work and what's amazing to me is the administration can say.
Say it and nobody challenges last night he said automatic weapons kill those children back east no they didn't nice 33 million bucks that's not the truth.
And you won't lose his job interviews and try to keep your -- Greg what we're gonna Liz deduct your premiums won't go up my premiums have gone up Eric.
When will somebody hold this man accountable that you can't keep telling them I don't want to -- like you can't.
You you can't keep avoiding the truth and not have a catch up with you sooner or later -- -- I -- gonna leave it there thank you very much.
-- see here.
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