Name: LEWeconomyjobs
Uploaded: 2014-06-02
Duration: 7 min 57 s
Description: LEWeconomyjobs

Job pictures improving, the stock market's up, seeing some GDP growth. If the story is so good, then how come people aren't feeling better about the economy? Well, I think the reality is that people are experiencing this recovery slowly the depth of the economic damage in 08, 09 was quite deep. And it, it takes a while not just to see that things are getting better but to have confidence that they'll stay better. So I don't think it's surprising that, after the worst recession since the Great Depression, it's taking a little bit of time for people to realize as the recovery is, is settling, is setting in a strong way. There are also some people who are not experiencing the recovery quite as strongly as, as others and that's something we focus on you know, as we worry about growing jobs and making sure that people have access to credit if they're credit- worthy and a whole host of issues. I think if you look at the economy over the last nine months it's been a steady progression. You know, there's a lot of focus on weekly and daily and monthly numbers, but you have to look at it over a slightly longer time horizon. You know, the job market is getting better. We're seeing improvements in in capacity utilization. We're seeing improvements and confidence, both business and consumer confidence. So I'm feeling pretty positive about the direction of the economy but I'm also not feeling saying one cuz we still have things that we, we need to do. And the real key is when will people have the sense that there are jobs out there so that if they wanna work, they can move from job to job and not either feel trapped in a job or blocked from having a job. I think once there's that sense that the labor market is where we all want it to be, the, the confidence will grow even more. What is the top priority for the administration in terms of economic policy? How are you seeking to accomplish that and how would you access your progress right now? You know, our, our goal is to have growth, shared growth and to make sure that anyone who wants to work can find a job and when they work, have a decent standard of living. You know, so that's, it's all really one goal. You know, as I, I, I look at the, the recovery you know, we're creating, you know, more jobs now than we were, you know, be, earlier. We need to get that number up a bit. We we're seeing it spread through the economy which is a good thing. You know, we're seeing, you know, growth in manufacturing jobs, growth in services jobs. We're not seeing headwind from government cutbacks as we did for most of the recession. so, you know, we're seeing pockets of growth that are broadly distributed. You know, we just need to keep doing more. it, it's not that it's an that the the picture is a bad one now. It's that we're we're, we're not gonna be satisfied until we, we can kinda turbo charge it a bit. [ LAUGH ]