In an interview with Matt Lauer in February 2009, President Obama talked about what would happen if he could not improve upon a then 8.3% unemployment rate. Fast forward roughly three years and last months unemployment rate (July) ticked up to 8.3%. What is worse is the total measure of those who are out of work, quit looking, and those who are under employed has now hit 15%. Both Governor Romney and President Obama weighed in on this topic. President Obama has claimed that businesses in US has created 4.5 million jobs over the last 29 months. Romney stated that July’s unemployment rate marks the 42nd straight month that unemployment rate has been above 8% in the history of the US economy. Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins Fox News to discuss the current jobs report and what it means toward the economy.
Ed Butowsky is the managing partner of Chapwood Investment Management and is an internationally recognized expert in the investment wealth management industry. Ed is also a frequent guest on other networks such as CNN, NBC, ABC, Fox News, Fox Business, and Bloomberg to name a few.
Tags: economy, financial advisor, interview, jobs report, president obama, romney, unemployment rate, wealth manager