i took a job as an economist here in washington with the bureau of labor statistics out of college. they were in the mrost of redoing thecer price index. it was a good job for a grad student to come in. and so i actually started my career here 4 years later, you look for the next position, and i interviewed at several comnies, one of which was lockheed in marietta, georgia, and started there as a senior industrial engineer. dao have you everun into any people from the bureau of labor statistics who, or you know, you wereng for in those days and now you're the ceo of lockheed martin? have they ever called you for a job or anything since then? marillyn: no, but i do hear from them now and then. you know, this era of social media, now and then i'll ge an email from sobody or i might run into somebody in the local area worked with, that was many years ago. i mean, think about it, i've been at lockheed 35 years, so that was a long time ago. david: but they all say they knew you were going to be successful? they always say that. marillyn: oh, no, no. david: they don't say that? marillyn:

and even through ordinary productivity if you look at the united states or bureau of labor statistics almost all new jobs are created in sectors retail and healthcare. according to the us government of the top ten jobs created only registered nurse requires any education beyond a high school diploma so we are told that davos and aspen. >> the jobs the future require required, actually they don't americans and their counterparts are underpaid they are not under educated because they lack bargaining power of 30 or 4050 years ago. >> that they haven't quite understood is there is an educational system to buy the idea of certain industries but a war suggest there is a group of people that is not only looking down upon but i'm curious on your take. >> the book is not a conspiracy theory and there is not some the committee of the ruling class gets together but when it's done evenly distributed among social groups and there is no coordination. the class is doing it. and then from the 19 nineties to the present. so the unwillingness to acknowledge there are trade-offs investment and different

the bigger the lies and we're suffering from systematically lying from the fed and the bureau of labor statistics and others on down to the point where people are unable to plan the currency itself is so graphic catastrophic lee debased that we didn't know what it means anymore and it's by design an order then replace this dollar that's essentially a used dish rag buy something digital nontransparent auditable and turn off of will for lack of a better word visa via the block and within the next several years because the powers that be know what they what they're doing they've known that the dollar the thief dollar per se is going to have a shelf life to it that's why we went off the gold standard back in $71.00 and that's not coincidentally the timing of that with regard to you know gradually dissipating. lifestyles and hollowing out of the middle class is because the currency itself is not ok alexandria one of the things that touched upon it already in this program but you know i think it's something we should be really worried about is the generation there indebtedness and their prospects prosp

the federal reserve uses credit card spending data to get a better picture and the bureau of labor statisticsusing apparel for part of its inflation report but over time the kind of data that b of a is using to forecast payrolls could give a better picture of the u.s. economy in real time. steve leaiesman >> let's bring in chief u.s. economist who joins us for the rest of the show thank you very much for being with us. >> good morning. >> so as we just heard, consensus is looking for a modest cooling in the jobs market you're a little bit more optimistic, right? >> we've got a job gain that forecasts to be slightly above consensus so we're at a gain of 185,000. both of those numbers, the consensus and our own, are down from a higher reading in november but remember, the november data that jump, a lot of that was the returning of striking workers from gm. so you can't look at the 266 necessarily and the step down as signifying a big slowing our number of 185,000 is roughly in line with the average pace of payroll growth that we've seen this year. so we're sort of on balance looking for a trend

. >> reporter: the national bureau of labor statistics reports americans work more than anyone in the less vacation, work longer days and retire later which makes a proposal by finland of a six hour work day and four hour work week seem amazing. >> i'm all for that, but sometimes work needs to get done. >> the entire u.s., that's like asking a lot. >> reporter: sweden had a four day work week, but this is a country with 480 day maternity leaves and a mandatory five week vacation policy. i want to know what the secret is. they tell me it's taking a break. >> if you have a rested employee it's more effective when you're at work because you're not constantsly stressed and i think that's what the studies have shown. it works. >> reporter: there's something called fica which translates to coffee and cake break. back to the four day work week idea, how realistic is that here in the u.s.? >> it's a hard cultural shift to make. >> reporter: productivity coach says oftentimes american workers feed into that illusion of hard work. >> people say they're working 80 to 90 hour weeks. they may be a

. >> you have to look look at the bureau of labor statistics.000,803 people working. that is incredible, highest number we ever had -- 158,000,803 people work. non-supervisory and production workers, wages have gone up by 3% or more. it has been a long time, since we had that kind of growth going on. so those are the kind of thinks that are addressing it. we have more people looking for jobs, who are coming in from, off of the the dole and, who also just had given up on markets. in fact in the last quarter of 2019, 74.2% of people who came into the workforce were from out of the labor force. liz: that is interesting. what a data point that is. you know, what is really interesting, aoc talks about the market only benefiting the rich. no, it helps teachers, firemen, cops, pension. >> absolutely. liz: the bottom 10%, as to your point, they have seen their wages go up. >> exactly. >> remember what the top 10% under obama wages went up? >> exactly. liz: there are more job openings now than workers. >> the problem is being rectified. liz: yeah. >> hud

of thought. breaking news regarding the labor department and the degree to which reporters will have tools to break economic data elon mui is watching that. >> the bureau of labor statisticsnced it will no longer allow news organize zass to bring computers into the lock ups for major data releases it could impact righters and bloomberg that rely on the near intan containious transmission of that information to their readers and viewers. now, officials say they are particularly worried about an inequitable trading advantage that the lock up could provide to firms that preload the data for high-speed and algorithmic trading. they want to eliminate the competitive advantage that creates for those firms. this will take place on march 1st. it maybe a long time recommendation of the inspector general. he this say there has been no specific incident that caused this tomorrow bring this up now. but news organizations will no longer be allowed to bring computers into the will be up. >> i could ask you directly whether or not this puts you at a disadvantage as a reporter >> there is no change for the tv and video lock up. we already both print -- both print and video, we are no lon

contrast the typical nonunion hotel worker in the nation next just $11 an hour cording to the bureau of labor statisticsnd they often don't work 40 hour weeks, they offer 30 hour weeks so that $330 a week, $17,000 a year and you can't raise a family, three kids on $17,000 a year. you can hardly raise yourself on $17,000 a year so the union is a great example of what unions can achieve. also, so in the 2016 election is constant and pennsylvania and michigan, the union strongholds have all flicks from blue to red and i explain in my chapter on the culinary union about how a very powerful effective union that is the great job mitigating with its members, mobilizing them to get involved in elections to make phone calls , union played a key role in flipping nevada from red to blue. and i quote the president of the parent union as saying labor unions are strong in ohio, wisconsin, pennsylvania and michigan if they do what we do, communicate with our workers. educate them about the economy going on in politics. unions in those states can do what we did in nevada. so francis garcia, she fled honduras because of

. >> the national bureau of labor statistics reports americans work more than anyone in the industrializedld. we take less vacation, work longer days, and retire later, which makes a proposal by finland's prime minister sanna marin of a nationwide six-hour work day and four-hour workweek amazing. >> i'm all for that. but sometimes the work needs to get done. >> the entire u.s., that's kind of asking a lot. >> for a time, sweden even had a four-day workweek. but this is already a country with 480 day maternity leaves and a five-week mandated vacation policy. i wanted to see what their productivity was. they tell me it's taking a break. >> if you have a well rested employee, it's more effective when you're at work, because you're not constantly stressed and i think that's what the studies have shown. it works in sweden. >> there is even something called fica in sweden, which literally translates to coffee and cake break. but back to the four-day workweek. how realistic is that in the u.s.? >> it's a really hard cultural shift to make. >> productivity coach alexis haselberger says oftentimes

american workforce is getting older and working longer than ever before. 2004, the bureau of labor statistics estimated that workforce will be composed of workers over the age of 55, and a third of those will be older than 65. at the same time, complaints of discrimination are on the rise. according to enforcement statistics, the eeoc received complaints of age discrimination in 2017. ccounting for 23% of all discrimination charges filed that year. jump of 4,000 charges of age discrimination since the and is likely a severe underestimate as cases of age go rimination often unreported. more so, a 2018 study published aarp found that more than 60% of workers aged 45 and older have seen or experienced age 76% consideron, and they consider age -- say they discrimination to be an obstacle in finding a bill. bill will make the burden of proof for age discrimination inims for equitable and more line with other forms of discrimination. important implication for older workers. fewer cases could be thrown out trial, meaningre long overdue justice for older americans. important so have implications for

under way in the surplus of available jobs this morning we goal the jolts data from the bureau of labor statisticsxpected this is a longer-term history. you see the folding into a recessionary period. we did see that crest. now, this is still a high number, a 6.8 million open jobs right now, more than the number of people who say they're unemployed and looking for a job. still there's a lot of supply and demand out there, but it suggests that employer not so much claims -- they ar chet the fed is happy to around that dynamic to play out. >>>. up next, we will have a preview, which kicks off next week in davos switzerland. it's tough to quit smoking cold turkey. so chantix can help you quit slow turkey. along with support, chantix is proven to help you quit. with chantix you can keep smoking at firstand eas. chantix reduces the urge so when the day arrives, you'll be more ready to kiss cigarettes goodbye. when you try to quit smoking, with or without chantix, you may have nicotine withdrawal symptoms. stop chantix and get help right away if you have changes in behavior or thinking, aggression, host

trade, certainty, but i know you have to take a look at another economic indicator by the bureau of labor statisticsd i did a quick survey when i knew i would be on this morning, i asked all of my managers throughout the u.s., california, colorado, texas, florida like how are they feeling about the market? and right now they are having an influx of job openings, and demand, the challenge still to what charles and steve moore were speaking about is the tight labor market. so jobs are you definitely out there there is a demand, we are seeing wages increase, i think we are going to continue to see that. i would actual go right now you know on the books saying we are going to see a good number for january, because employers are more optimistic i am seeing them move faster they want to make those hires we did see things maybe slow down a little bit in december, i think that is partly due to the challenges that we have with trade, and skill shortage i think january is going to be aing pretty good month for job growth. >> retail up 41.2000 for the to month i wonder if -- this is sustainable case december y

ont: those are the stats your screen from the bureau of labor statistics on workers pay and the federalum wage in 2018. about half of them were under 25 years old. talk about who is impacted the most by minimal wage? jack's,he raise the way the federal bill that passed -- passedse the wage act last year, raising the minimum wage to $15 by 2025, 30 million , 33.5s would be impacted million and 30 million of those are age 20 and older. workers who are making these lower wages are not really the teenager that a lot of us for years have had in mind. it's not the teenager working at the fast food restaurant. it's a huge portion of the of americanh 40% workers making under $15 an hour. it's really not only young workers, it's folks with families, older workers, folks who can't hire because they still need -- retire because any retirement savings. you folks, chat with bill, on the line for minimum wage earners, what is minimum-wage for you in syracuse? it's $12 anlieve hour, i don't have the figure in front of me. host: what kind of work do you do? caller: i am retired, i had insurance claims

>> in the bureau of labor statistics numbers that we have that are focused particularly on the private> it's a great sign. i think there are a number of factors. one is they employers i think are trying to bring more people in to jobs and into nontraditional jobs because when you have unemployment as low as it is, wages rise. we know that. but employers look elsewhere for workers. so construction, and manufacturing both, when i speak to executives, one of the things they're doing is trying to bring more women into the workplace. maria: it's interesting, because at the same time you've got a dike ot dichotomy with me. during the financial crisis back in 2006 and 2007, white collar jobs got crushed and men were really the ones getting impacted there. so as you see women moving up, you also see men moving down. >> well, i think that men are doing very well in this economy too. maria: they've come back since 2006. >> i'll all boats are being -- all boats are being lifted right now. there's been concern about what we call the labor participation rate, how many people are on the sidelines be

when you look at what we call he u-6 data put out by the bureau of labor statistics, brothers and sisters that are moving into the labor force and all of a sudden paying social security, medicare, is remarkable. and we should be joyful and those on the left and those on the right, we should be joyful. because if i had come to this room three years ago and said we are going to live in a time where we have more jobs than people, we are going to live in a time where it actually turns out to be our brothers and sisters that are defined as the working poor, fastest growing wages, double what the mean is, this has been our goal around here for years. it should be a goal that lifting people up. and it's happening. let's take some joy in that and it is also helping the receipts here to the federal government. but there are other things that we should be joyful about. when you actually look at this enhanced period of economic stability, what happens when we call the real net worth, the value of your homes, the value of your savings, value of your investments, the value of things you hold? well, it

for those at the bottom are growing faster than for those at the top according to the bureau of labor and statisticsraising 4.5% a year and in middle income industries raising at 3% and high wage earners that include managers and executives have seen wage growth decline now the measure of inequality that shows that the share of income held by the top 20% has fallen for the first time in a decade even wealth inequality that's total assets. that's shrinking it fell to 32.2 to 32.7 and the share held by the bottom that's up slightly they hold 1.6% of the nation's wealth the u.s. has the highest level of inequality among any developed nation except for turkey $2.2 million each over the last three years. that is versus $4,000 for the bottom half. so i don't want to be called an inequality denier here but the direction is that inequality is declining over the past two years. >> the underlying issue is when you have a very hot economy and employees are desperate to get employees, that's where you see the biggest move in the labor numbers and that's finally happened the slack has finally disappeared so low

that's from data from the bureau of labor and statistics. message isn't getting out? that that's where wage growth really exists? >> yeah, i don't know what economy he's talking about. it's certainly not the u.s. economy. in the u.s. economy was happening is pretty much every disadvantaged group has grown faster and historically advantaged. people without high school -- the bottom 10%, et cetera, are growing much faster. more importantly, the wealth is growing much more along the low wealth learners. if you look at the bottom half of the wealth distribution, it's 50% in the wealth. tremendous growth. much higher than the top. in fact, become out of date on this in a short time period. the top 1% of the wealth distribution is shrinking, so the top 1% is getting less of the wealth than they were before while the bottom is -- >> melissa: i don't want to run out of time, sir. i see the numbers, but the message isn't getting through, that it's these other groups getting the biggest advantage. instead, democrats drive home the message that it's th

traders are getting a bit excited there could be a whisper number to the upside tomorrow from bureau labor of statisticsthey were marked yesterday afternoon, we're basically at the same places. so a lot of calm in the markets with some of the iranian issues, of course, will continue to monitor. and, we will, of course, be looking some of those auctions, $78 billion worth of auctions will be completed today with 16 billion of 30-year bonds andrew, back to you. >> rick, thank you for that. >>> meantime, steve leashman joins us with more >> rick is right as usual this idea that you had a slight up tick, measurable up tick that caused some people some concern with jobless claims. they were up in the 225, 230 area now they've come back down there's certainly going to be some seasonality in all this that's important but ultimately we're down to 224,000 on the four-week moving average that's down from 233 it does suggest some softness in the job market but not necessarily too much to worry about. we used to be 300,000 was the number to worry about. that came out of 250 we haven't really hit it yet looks like a

b1 their stats on your screen from the labor bureau statistics workers paid minimum wage about half of them were under 25 years old. talk about who is impacted the most by minimum wage? >> guest: we looked at the raise the rate act that was a federal bill that passed in 2019 with 233 votes including say republicans. that bill would raise the minimum wage to 15 by 2025. under that bill, 30 million workers would be impacted, over 30 minus 33.530 million of those are age 20 and older. so we see there that workers who are making these lower wages are not really the kind of teenager that a lot of this for years have had in mind. it's not the teenager working at the fast food restaurant. that's a huge portion of the economy, i think for a long time that 40% of american workers had made under $15 an hour. under 30,000 dollars a year. so it's really not only young workers, it's folks with families, it's older workers even, folks who can't retireee because they still need retirement savings. so it's really across-the-board. >> host: organelle chat with postman talked to bill out of syracuse on

labor , bureau of statistics numbers, the numbers back in the labor force, we're over 63% labor force participation. i can show you an economic paper from three, four years ago saying we were never going to get close to that again until we got through the baby boomers. something is working. we are seeing numbers where and eds and hundreds hundreds of thousands of people are coming back in the labor looking. were not even isn't this joyful? look. et me relay a simple experience. the phoenix area, we have a homeless campus. off involved nd with it for many, many years. i believe we do something very, very well. a concentration of services where many churches and here you get dental work, over here you get your i.d., over here you have a day running a.a. are bunk beds. joseph's, the st. catholic charity. there is a situation where they a stack of job opportunities because there's uch a labor shortage in the phoenix market. and i'm very pleased we just worked out a deal -- they worked with lyft to actually help deal with the transportation barrier of these individuals to work. but shouldn

the labor statistics bureau says an all-time low of one in ten american workers were represented by afound in a car during a traffic stop in utah that includes 6 gallons of liquid methamphetamine -- are you on methamphetamine? >> that was a doctor that just corrected me. ainsley: just say meth. brian: meth. 13 pounds of cocaine and 200 pounds of thc infused candy. steve: all right. ainsley: good job, brian. steve: this is a big story. china has issued a massive quarantine order for the city of wuhan the epicenter of the deadly kro crob coronavis outbreak. ainsley: killed one man here in washington state. going to meet today to decide if they are going to declare a global health emergency. brian: joining us to discuss what we know because it's a secretive society. the host of the dr. oz show. dr. oz. do you know what they did? they cordoned off the whole city bigger than new york no one can leave and wear a of course that. is that the right approach? >> i don't think it's going to work long term. the government is struggling with the baggage from 2002 sars. which is also a coronavirus.