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


12/5/13

For the second consecutive month, the Department of Labor announced that the U.S. economy added at least 200,000 jobs. As announced December 6, the U.S. unemployment rate fell to 7% with 203,000 jobs added in November.

Patrick J. O'Keefe, CohnReznick's Director of Economic Research, spoke to The Wall Street Journal This Morning radio prior to the report. "From our perspective it looks like the pace of jobs growth is accelerating," he said.

In a radio interview with New Jersey 101.5, Pat stated, “The fact that so many people have been out of work for years tells us these are willing workers who need some retraining, some reeducation, some relocation to prepare themselves and then actively move into employment. He continued, “Without those types of interventions, a lot of these people are watching the parade pass them by.”

In USA Today, Pat commented, "The overall strength of the jobs recovery has definitely increased to a somewhat higher gear."

In the Financial Times, Pat said the report was "solid but not stellar."

Pat is scheduled to speak with several other media outlets including Bloomberg's "In the Loop at the Half," Financial Times, and The Associated Press.

Visit our Economic Insight page for regular updates.

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