Improving Employment One Tech at a Time

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Dec. 6 (Bloomberg) -- Shereef Bishay, founder of Dev Bootcamp, discusses how to stimulate employment growth through tech with Mark Crumpton on Bloomberg Television's "Bottom Line." (Source: Bloomberg)

Good to see you again.

Is this evidence of a sustainable economic recovery in the u.s.? how can it not be sustainable?

We are almost four years into this.

When it comes out these headlines am a and they are saying, well, maybe we will taper in a few months.

We want to be sure.

The credibility is in question.

That is why i posed the question.

It said officials are not sure, what does that say?

I don't know what they could be thinking.

We created 2.3 million jobs in 2012. this year 2.1 million jobs have been created.

It sound like you're saying, what more evidence do you want?

It could maybe grow 2.5 million jobs.

They are with think the horse pretty good.

We are creating jobs anyway.

The unemployment rate has fallen since they first began buying bonds.

This today's report give the fed the evidence it needs to start scaling back monthly purchases and at the meeting that comes up on the 17 and 18 of this month?

That is what i was waiting for.

Going into november, we were hopeful.

Now it came out it is true that we have three out of four months.

That should be sufficient.

The only thing that worries me is that not enough economists swung in the right direction.

A lot of times there is a consensus building thing.

I'm going to continue pushing for december tapering.

A swansong?

I would think this last press conference, saying things are working.

There is still a role for monetary policy to play.

We are going to eat back the throttle.

We are talking to 80 billion a month.

That is almost nothing, right?

They would suggest that the political uncertainty in washington did not have the effect that a lot of people but it would.

Is that an accurate discussion?

-- d script and - description.

It would suggest that.

It has come back.


consumers are saying the same thing.

Plus we got consumer spending today.

That was a below the mourner october.

I'm speaking with the chief economist and talking about the november jobs numbers.

One of the standouts in that november report, manufacturing jobs were up i 27,000. that was the most since march of 2012. what are we looking at with the job picture going forward?

Is this the spark, the momentum that the economy needs to keep going?

It could be.

Don't forget the manufacturing survey was very strong.

Manufacturing is right now ash the surveys are coming back better than they were before.

Construction and manufacturing are adding about 45,000 jobs of the 200,000 count.

That means it is a broad based increase in jobs.

When you talk about manufacturing and construction, that broad-based incentive, that is going to translate, i would imagine, into the housing market as well, i would imagine.

One of the keys to getting the unemployment rate down -- that is why the fed keeps pushing.

They want the unemployment rate comeback.

We lost construction jobs during the session.

This year we have created jobs back.

This is evidence that construction is going to add more and more.

The jobs count will stay higher.

Chief financial economist

This text has been automatically generated. It may not be 100% accurate.


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