Nouriel Roubini We need to create the 1,50,000 jobs for every month

Question : Are things looking any better, given what we have seen in this week?

Nouriel Roubini : I would say no. First of all, if you look at the ISM report of manufacturing, they details of it, the inventories versus new orders was terrible, that suggests the actual economic activity is going to slow down manufacturing. The survey of ISM was actually falling, the numbers on jobs last Friday were good only because the expectations were so low. But 67,000 jobs are not enough stabilise the employment rate. We need to create the 1,50,000 jobs for every month to make sure that unemployment rate doesn’t go higher.
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