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Breaking down the jobs report



Peter Morici (professor at the University of Maryland business school) and Christine Romans tell Ali Velshi what’s ahead for hiring after a better-than-expected report. According to Morici we need to create 382,000 jobs a month to bring unemployment down to 6% in 3 years. Our economy also needs to grow at 5% a year, we are currently at 1%. Romans looks at the July jobs report, seeing growth in manufacturing and private sector jobs but it’s not enough to lower the unemployment rate.

SOURCE: CNN

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