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Patrick J. O'Keefe Discusses December Jobs Report in Media


1/10/14

On Friday, January 10, the U.S. Department of Labor announced that job growth declined sharply in December, falling far short of economist's expectations, adding only 74,000 jobs. Meanwhile, the unemployment rate fell to 6.7%. According to CNN.com, this was the weakest month for job growth since January 2011.

Prior to the report, Pat joined CNBC Worldwide Exchange to share his insights on the state of the economy.

When asked what else could be done to help the economy, Pat replied, “What we can do in terms of continuing to add to the momentum that the economy is gathering is add some additional certainty in respect to fiscal policy.” He also added that keeping interest rates low would add to U.S. growth momentum.

On The Wall Street Journal This Morning, Pat commented on his expectations for the report, saying he expected “one that will indicate that the labor market and the pace of jobs growth has gone from walking forward to trotting forward.”

After the release of the report, Pat shared his reactions with Bloomberg Radio's The Hays Advantage, saying this month’s release was the most confounding he's encountered.

Pat also spoke with The Wall Street Journal and the Los Angeles Times. Stay tuned for updates.

Visit our Economic Insight page for regular updates.

 

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