welcome to "on the money this week." i'm kelly evans in for becky quick. >> if college isn't the right fit, programs to help you find a great job that pays you while you learn. and a couple's guide to social security. t what's behind the boom iing business in colorado, and an airport that's gone to the dogs.

we begin with workers and the skill gap. apr apprenticeships are on the rise as a new way to fill the skills gap. >> reporter: christopher paul is a machinist at solar turbine. it's a critical role in one of the world's leading manufacturers of industrial gas turbines. but paul isn't a full-fledged employee. he's an apprentice. >> i'm getting, you know, hands-on experience with the career that i'm learning to be a part of. >> reporter: that's not all. under solar turbine's four-year program, apprentices get paid, trained, and mentored. by the end of the program, all of them get hired. apprentices aren't the only ones benefitting. company executives say the six year old helps fill a critical need in a competitive marketplace. >> it's a program and the skill sets it provides does a great

job helping us build a pipeline. >> reporter: an idea that's catching on. amazon announced it's launching an apprenticeship for veterans. tech company salesforce already has a robust program. when ceo mark benioff met with president trump in a business roundtable he urged him to create 5 million apprenticeships in the next five years. trump seemed receptive. >> let's go for the five years, okay? >> i think apprenticeships are huge for the future. >> reporter: isaac moorhouse thinks apprentice ships are the key to bridging the skills gap. three years ago he started praxis, a company that matches apprentices with companies. >> it's a three-month professional boot camp where we're helping young people kind of get the skills and knowledge that they need to go and succeed in the workplace. >> reporter: one company that works with praxis is this startup panda dot. it helps with electronic documents and apprentices are critical to helping panda doc manage web traffic. >> 1 million people come to our

website every month. i'm more likely to hire from an apprentice program that's hungry for that experience than someone randomly job searching. >> reporter: olivia van warmer chose an apprenticeship over going to college. she believes this path gives her a higher return on investment. >> you're really throwing yourself into this new lifestyle. i think that's huge. i think you learn is much more from that than being catered to in college or otherwise. >> reporter: employers make it a good return on investment too. according to our recent commerce department study, companies will get $1.50 back for every $1 spent on apprenticeships. the analysis found companies benefit from lower turnover and greater productivity. >> wow, fascinating stuff. aditi, thank you very. are apprenticeships the way to match jobs with newly skilled workers? andy van kleunen, ceo of the national skills coalition, a nonpartisan, nonprofit group that supports workforce training. andy, thank you for joining us.

apprenticeships are an ancient idea, why do they make sense in the 21st century? >> one of the challenges we've had here in the u.s. is that we have a lot of jobs that require some kind of training past high school. but not a college degree. we call these middle skill jobs. it's more than half the job openings in our country. for years, as we've been sending more students to full-time college degrees, we've forgotten about preparing people for those particular jobs. and so while we've had a lot of construction workers who have become paren advertises over the years, it's new industries that are trying to fill middle skill positions that are looking at apprenticeships. >> we just heard a little bit about that. while there was reference to machinists being one area, what about some of these newer digital coding types of industries as well? >> so i.t. as we mentioned, because a lot of times i.t. companies feel that they're moving even faster than what a college or high school curriculum could move, they like to be training their own. they recognize these folks are going to need classroom training. so letting them work, learn what

they learn in the classroom, then test it back as part of their development process, is the way i.t. likes to do that. companies like insurance, finance and business services, we would not normally think of those as apprentices, but claim servers and personal bankers trained as apprentices. >> i wouldn't think people would be okay hiring somebody without a college degree. do you think that could change? that feels like one of the major reasons why people go to college, to work in those industries. >> i think those industries have figured out these are the sets of skills and competencies we need for these jobs, they recognize sometimes when companies complain somebody's come out of a college program but they don't know how to do the job, there's no better way to learn how to do a jonathan to do it. >> what about the cost of the apprenticeship itself? is the student paying? is the hire-er paying for this? >> generally the private sector is underwriting most of the costs of the training itself. they're often underwriting most or all of the costs of the

training itself. sometimes apprentices are kicking in as well. as we look to diversify across industries we do need greater public sector funding, particularly if we're going to try to develop apprentices within high schools and community colleges in collaboration with local employers. that's where we think we're going to have to think about scaling this up much more rapidly. >> how much are they paid on the job typically? >> so a new apprentice is going to start at at least double the minimum wage. but quickly they could be getting up to $50,000, $60,000, by the time they complete the first phase of apprenticeship. after that they could be earning six figures within a few years. >> thank you so much for joining us, andy van kleunen. the shortage of teachers is growing in the u.s. if the trend continues it's estimated public schools around the country will be short by 100,000 teachers by 2025, and it's not just students impacted. kate rogers has the story from kate rogers has the story from one school struggling in detroit. >> how's everybody doing today? >> reporter: detroit native donovan gardner following in his mother's footsteps as a special

education teacher in motor city. >> something i knew i could wake up every day and do. and do well. >> reporter: but working in the city's public school district, 250 teachers short at this time according to the detroit federation of teachers, is challenging. gardner's working with 25 special needs students each day. >> i service students from second grade all the way up to eighth grade. so i have a pretty huge caseload. >> reporter: the shortage is also impacting students' ability to learn with some not having lessons in certain subjects for months at a time. >> we've gone a half of a school year without a history or a science teacher. and those two subjects are on the state tests that we are currently taking. >> reporter: but despite the hurdles that come along with the job, gardner said the impact he's making is well worth it. >> that's what's the most beneficial to me. the love i get from the kids and seeing them develop and actually teaching them. >> reporter: teachers here in detroit can make anywhere from $37,000 a year up to $65,000

annually. gardner did say over the past decade they've taken a cut of about 10% in pay. but he is really hopeful that the new contract that they're renegotiating will help to attract and retain talent right here in the city. kelly, back to you. >> how bad is the shortage there at the school you're at? how much worse could it get? >> reporter: i mean, kelly, it's pretty dire here. they have about 500 students, only 15 teachers, and they're eight teachers short. they have about 30 students for every teacher. as donovan said they haven't had a history or science teacher for half the year. then to be tested on those subjects at the end of the year for state testing. it's really an uneven playing field for these poor kids. >> yeah, and it's tough enough when you are fully staffed. that's incredible. thank you very much for bringing it to our attention, kate rogers. up next, "on the money" in the five years since legalizing marrero, colorado's economy is booming. meet the governor who thought recreational pot was a bad idea. later, a couple's guide to

social security. what you need to know to get the most money from uncle sam. now a look at how the stock market ended the week.

now here's a look at what's making news as we head into a new week on the money. a disappointing employment report for the month of may. the economy created 138,000 jobs last month, fewer than the 184,000 economists forecast. and the unemployment rate did fall to 4.3% from 4.4%. the lowest level since 2001. but it's not always a good thing. a falling rate can mean fewer people are looking for jobs. on a holiday-shortened week all three major stock indexes, the dow, the s&p and the nasdaq

all posted report closes on thursday in the first trading day in june. stocks continued to climb on friday. walmart is testing out a new way to get what you bought delivered. the world's largest retailer is trying out a new type of delivery service. walmart employees can volunteer to drop off packages after their shift. it's been tested since april and pays employees extra to deliver online orders headed to destinations on their normal route home, another example of the company leveraging its network of stores and employees to go head to head with amazon. colorado is among the fastest-growing states the past five years. last month the unemployment rate dropped to 2.3%. it's a record low for colorado. it's the nation's lowest. it's about half the national jobless rate which is now 4.3%. john hickenlooper has been colorado's governor since 2011 and he joins us now. thank you for being here, governor. >> oh, glad to be on the show. >> i should add my sister's part of this phenomenon. she's happy in denver.

and working like everybody else. and what explains this phenomenal boom that denver is experiencing and colorado more broadly? >> i think it's kind of a confluence. we've worked very hard to reduce red tape, make the state more pro-business, try to attract entrepreneurs. metro denver has over 1,000 miles of bike trails, more live music venues than nashville or austin. we also really wanted it to be -- the state to be thought of as pro-business. we have one of the lowest business income tax levels at just a little over 4.6%. and more than anything we wanted colorado to think of itself as the place not just for recreation vacations and outdoor recreation, but a place to go and start a business. >> so governor, the president pulled out of the paris climate accord. he was framing that as a win for business. you were just talking about how pro-business you feel. you're a trained geologist. why do you think his decision to do that was a big mistake and

what will it mean for colorado? >> i think it's a serious mistake on several levels. one, it leaves a vacuum. we have always been the world leader in not just business, but in all kinds of issues. and now we're leaving that vacuum, whether china or india or the european union, others are going to fill in that leadership role. many of our strongest allies are bitterly disappointed. i think that will hurt our business over the long-term. short-term, you know, we have over 2,000 companies that do clean teches. renewable energies or some way to have our energy cleaner. and at this point over 60,000 employees. if that begins to contract or be kind of squelched, that's obviously not good for colorado either. >> one contributor lately has been marijuana sales, which apparent already are bringing in $200 million in tax revenue. you were opposed to the legalization of this. but there are plenty who thought the state might go to pot. why cincinnati happening, or is it too soon to know? >> i tell people it's too soon

to know, but we haven't seen a big spike in teenage consumption, we haven't seen a big spike in any consumption. and keep in perspective, $200 million of tax revenue, we have a $28 billion budget for the overall state budget. you know, $200 million is just a drop in the bucket there. we don't see more people doing more marijuana in colorado after legalization, we just see it being -- it's through a regulated process now. in many ways we hope that we'll get to a point where it's going to be safer for everybody. >> we're coming up on 2018, governor. that means we're coming up on term limits here for you. what do you think is needed for your party right now in the national stage? >> democrats have always been the party of civil rights and social justice. and we always are going to be. i think we lost a little bit of just -- we also have been the party of jobs and making sure everyone gets a fair shot at a

good job. you know, in colorado, we're working on an apprenticeship program, career wise. it's not just for trades and electricians and plumbers, it's really for bankers and insurance companies and aerospace companies where they all take kids 17 or 18 years old, and instead of going on to their junior year in high school, they'll come and work at a company three days and then get training two days that's designed by the industry in which they're working. we're so excited about this, this is the kind of stuff that democrats have always created, that helps -- 2.me there is unemployment right now, our biggest focus is we need more workers. we need better-trained workers. how can we get that fast? >> you read our mind, governor. the apprenticeship wave is our cover story on this program today. governor hickenlooper of colorado, thank you for joining us. next on the money getting the most from your social security benefits. a couple's guide to making the right decision for your future. later, we'll take you to the airport that's gone to the dogs. for a very good reason.

it's a big question for couples planning their retirement. how do we get the most from our social security? the answer is not easy. joining me now is rob kron, head of investment and retirement education at black rock, thank you for joining us. first of all, people do feel poorly informed about their benefits, why is that? >> we're all uninformed about it. because we bought it in complete and total ignorance.

if you think back to your first job, right, they weren't handing out buyer's guides or user's manuals. all we got was that deduction on our paycheck. i remember asking, who's this fica guy, why's he taking all my money? >> how do couples plan? what is the difference between the individual and the spousal benefits? >> so there are fundamentally two types of benefits. the benefits you collect based upon your work history, or individual benefits, and then there are benefits you can collect based upon someone else's worker who. and so for individual benefits, those have quite a bit of flexibility. because you can take them early at a reduction. you can also wait for them and they'll get bigger. these other spousal and survivor benefits, they will go down if you take them early, but they don't get big fer you wait on them. for couples, it's how you sequence those different benefits that really determines how much money you ultimately get out of the system. >> and the question which i hate to ask, but should, which is what should you be doing to make

sure those spousal benefits are there for your spouse if you passed away? >> those are called survivor benefits. so spousal benefits are available when both people are still alive. then when one of the two people passes away, there's a survivor benefit that becomes available. and what i run into all the time are couples where there's a disparity in their benefits. a large disparity. and that higher earner is thinking, wow, i paid a lot of money into this system but my health history's not very good. so i think i'm going to take this money at 62 so i at least get something. and the flaw in that logic is they're ignoring this thing called the survivor benefit. because if they take their money early, not only are they locking in their own benefit at a reduced level, but they're also locking in that survivor benefit at a reduced level. >> does that advice of yours hold? even when we're talking about couples which is wait as long as you can to claim this benefit, does that -- is it fair to say that would be something you'd

recommend? >> well, so -- it's really hard to make a blanket recommendation for a couple because there's so many variables that go into that. >> that is really good to know. rob, thank you so much. up next "on the money," a look at the news for the week ahead. passenger perks. what airports are doing to destress flyers before they board? >> actually relax and catch satellite television and zone out for a little bit. thanks for loading, sweetie.

...oh, burnt-on gravy? ...gotta rinse that. nope. no way. nada. really? dish issues? throw it all in. new cascade platinum powers through... even burnt-on gravy. nice. cascade. here are the stories coming up that may impact your money this week. on monday the institute of supply management releases its

nonmanufacturing index measuring the strength of the u.s. service economy. we'll also get the number of new factory orders of both durable and nondurable goods for april, another read of economic strength. tuesday grab the popcorn. it's national drive-in movie day. wednesday we'll get the consumer credit report measuring consumer debt for april. thursday former fbi director james comey testifies before the senate committee investigating russian interference in the presidential election. and touchdown, it will be 51 years since the national football league merged with the american football league. there's been a flurry of bad press recently over airline customer relations. maybe airlines should look to airports on how to get it right. contessa brewer found lots of smiles and waging tails at dallas-ft. worth airport. >> reporter: step off the plane at dfw and you might get an opportunity to pet max. >> good boy. you can pet him, he's used to people. >> reporter: max and dozens of

therapy dogs began roaming the terminals with their human handlers last october. >> she's had a hot day. yes. >> reporter: the results are obvious and instantaneous. >> very few people walk by without coming to pet him. it makes everybody smile. it makes everybody happy. >> reporter: you know what makes a cranky traveler happy? a nap. at minute suites, you can plop down $42, and for a full hour you get 56 square feet of beautiful peace and privacy. enough space for two people to stretch out for a little shut-eye without leaving the terminal. >> it's definitely got enough space and privacy. actually relax and catch some satellite television and zone out to forget the fact that i'm at an airport. >> reporter: a little more, you get a shower, a plus for passengers getting off a long international flight. along with locations in atlanta and philadelphia, minute suites hosted 2,000 guests a month. >> the american airports are

understanding, to compete on the international market, they need to have a place like this. a place a rest for travelers can sleep and relax. >> reporter: dfw is the tenth busiest airport for travellers in the world. to get competitive edge against other global hubs this the airport is upping its game. >> in today's society, customers and passengers have choices. in where they want to connect, where they want to fly out of. and we think that if we can create a better experience here at dfw international airport, they'll choose us over any other airport. >> reporter: and it's working. dfw was just named the best large north american airport for customer satisfaction. those customers find mood lighting and comfy couches at security. a yoga studio to find your inner zen. play space for children. good food at every price point. free wi-fi. world-class shopping that's about to premiere a first of its kind duty-free mall.

volunteer ambassadors to show you around. but dfw, you had me at hello doggy. >> good dog. >> reporter: for those who complain air travel has gone to the dogs, at least here you're absolutely right. for "on the money" i'm contessa brewer. >> they have me too, i hope every airport has that this summer. dfw's predicting record-setting travel. passenger traffic up 3.5% this summer from last year. that's the show for today. i'm kelly evans. becky will be back next week. thanks so much for joining us. next week, speaking of airports plan for when some extra time now. new tsa security rules for carry-ones that could be in place for your next trip. each week keep it here "on the money." have a great one and we'll see you next weekend.

>> hey, we are live at the nasdaq site. the guys are getting ready behind me. while they're doing that, here's what's coming up in the show. ♪ i'm a rocket man >> biotech stocks surged this week. the charts say a bigger move higher is coming for one name. we'll explain. would you like to protect shares of apple for little to no costs? >> how did i live without this. >> i don't know, tim. we'll teach you how and -- ♪ cuts like a knife >> the decline in oil is hammering energy stocks, and now