John Herman, Unemployment Rate, Michael discussed on Bloomberg Surveillance

Automatic TRANSCRIPT

An ounce eurodollar 1932 the yen one twelve point six six and the dollar spun indexes higher up twotenths percent and ninety two point five two three tomen pimm villages from which kerr huge huge response to her for so should with mr herman were thrilled the tell you a hill the greens that'd be with us through the next half hour he is with m u f g john herman assessed so much of this idea of where the unemployment rate is going is based on potential gdp dean malkey michael for rowley ian john hermon have really led the charge for me on a reset of a terminal veil you whether it's rates are the economy if we have a three point four three point one a two point nine percent unemployment rate is it a good unemployment rate or is it a troubled unemployment rate if we we've discussed as over the last several years so you know the standpoint is i again i wait with a job growth looks very decent on average around one hundred and 62 about one hundred eighty thousand a month over the next two years that's very very resilient for for an expansion this are they good job he's a hamburger waivers is unfortunately has are they barred two guys all unfortunately it's it's of bifurcated the out so we saw it received very strictly aside from healthcare we see very strong professional service you know professional services jobs but we then we also see unfortunately a plethora of of these leisure hospitalityrestaurant type jobs but that's the unfortunate but in you know but we do see weakness in the labor force not just though the baby boomers starting to get the attention now people finally focus on we do have that weakness we do unfortunately have prime age in a weakness as well and the millennials also have so the question is the question i keep posing is this the year when i do the mathematics on the millennials versus the boomers because there in terms of just total absolute numbers they're very various comparable cohorts when i look at them i say okay look we know that first time homebuyers are predominantly between the age of twenty five and thirty nine that's first.

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