and the job market is weak for people with jobs. wages are low, people are not out there looking for new jobs. the economy, it's not just a matter of the unemployed. it's weak overall. anything that boosts spending and gets people out there with money, it would be a huge boost and a wise investment. >> mike, you heard mark mention a lot of people will take the signal and leave the labor force all together. aren't we right now at surprisingly low levels of labor force participation already given the number of adults a lot fewer people are working than should be? >> right, i mean, the labor force participation rate has fallen quite a bit, and it's still ful falling. it means the number of people who are out there looking for work. some of that comes from aging of the population. some of it comes from people seeking more schooling. but a sizable amount is people who have become detached from multi periods of unemployment. we saw the jobs number where there is a weak job number. but unemployment fell quickly. some of it has to do with s

jobs market. 11 million americans are unemployed. i'll ask a respected economist if this recovery has the right stuff. >> also, what healthcare.gov could have been. how a health exchange was built for success >> and the tech behind the 3d printer that you can hold in your fingers like a pen. i'm ali velshi, and this is "real money." >> this is "real money," you are the most important part of the show. join in the live conversation by using the handles: >> another sign today that america's job market recovery is gaining strength. in a report coming out every month the payroll company adp reported that the private sector in the united states added $238,000 net new jobs in december, the most in more than a year, and more than most economists expected. now, small businesses led the charge, adding 108,000 position, the biggest increase since early 2012, the adp number prompted wall street economists to raise estimates for the government's tally of employment growth for december, including all government and private sector jobs, except tho

the -- >> it's just the magnitude of this particular economy and this particular job market. we tell people you may have four or five different careers before you retire. >> reporter: december 2013 was the weakest month of hiring in three years. just 74,000 jobs added to the economy. the unemployment rate dropped to 6.7% because twice as many people, including college graduates, simply gave up looking for work. the labor forwork -- the retiret of millions of baby boomers is also shrinking the labor force. the average retirement age is now just under 60 with the oldest boomers retiring early because of the sluggish job market. some of the folks who are leaving the labor force due to the retirement, would have stayed in had the labor market been stronger. >> more than 8.7 million jobs have been lost between january 2008 and february 2010. since then, the government says there's been an increase in more than 7.5 million jobs. the economy is closing the jobs gap, but more than five years after the recession we're still playing catch up. i'm hampton pearson in washington. >> there

economy depends on americans feeling confident enough about their jobs and the labour market that they'll spend money. that's why people like me are obsessed with how many jobs the economy created in december. we'll get the number tomorrow and i'll dissect it for you then. in the meantime i want to look at something else that tells the tail of how consumers are feeling. more are feeling confident enough about the labour market to quit their jobs. the recent data for october 2013, when 2.4 million people voltairily resigned. up 15%. that tells me folks are optimistic about finding another job. economists who watch the number of quits closely, janet yellen will get data when the next opening of jobs and labour turn over is released next week. in addition to your job, the value of your home is key to how wealthy you feel and how much you spend. we have more evidence of the damage done by the bursting of the housing bubble is receding. the number of borrowers owing 25% more on their mortgage than their home is worth fell to 9.3 million, down from 10.9 million in january. rising home prices re

economy depends on americans feeling confident enough about their jobs and the labor market that theyl spend money. that's why people like me are obsessed with how many jobs the economy created in december. we'll get that number tomorrow and i'll dissect it for you. in the meantime more people are feeling confident enough about the labor market to quit their jobs. 2.4 million people apparently voluntarily resigned, up 15% from a year earlier. the increase tells me folks are more optimistic about fining another job. that's why the organizations that watch the quit numbers quickly, like janet yellen will get the numbers next week. in addition to your job, the value of your home is key how wealthy you feel and how much you'll spend. and today we got more evidence that some of the damage done by the bursting of the housing bubble is reseeding. data shows the number of borrowers who owe at least 25% more on their mortgage than their home is worth, fell to 9.3 million in december. down from 10.9 million last january. rising home prices are reducing the number of these deeply underwater mort

we examine how the market should take today's jobs report. plus, big business for the family court system. dr. drew pinsky is going to tell us all about his new documentary entitled "divorce corp." meet the tailor who

he calls the jobs market bipolar. you saw that story. is young woman has graduated from university. you heard there was a time when the university degree guaranteed you a job some how. this woman is doing temperature jobs, nannying, working in food service. that was always a precursor to getting something else. you say that's not necessarily the case. this poor woman may end up working in that for a long time. >> yeah, that's the great fear. there used to be a time when one would think of a part-time job as a step towards something full time. and if you had that college degree it would unfold into a career with career ladders. but what we've seen not just in this last jobs report, but what we've seen for a few years is that people are cobbling together part-time jobs. one, two, sometimes three, and a good portion of these folks more than almost a third actually have college degrees, and 40% have some college. my great fear this is becoming a new normal. >> tell me what the relationship to the fact that we had a recession, people lost thei

transnational corporations that will profit by destroying what our founding fathers once built up my job market and on this show we reveal the big picture of what's actually going on in the world we go beyond identifying the problem trying to fix rational debate and a real discussion of critical issues facing the book ready to join the movement then welcome to the big picture. play . play. play. play. play play play play play close. clue. the i'm a celeb was terrible to say the i'm very hard to make out to let you get along here is a plot that never had sex with her make their lives let alone. listen the i'm . one of the subject. of the. nationalising to take the revolution into their own hands and say they have fed up with a lack of determination among the opposition party it looks at the deep roots of the ethnic disputes in ukraine. the us president to deliver us new promises for a better future in his state of the union speech but poll suggests that the population no longer trust him to follow through on his word. and a business plan that ends up foreign companies are waiting to rush back in

the jobs are not there -- that he a good day to be talking about the weak labor demand and the job market -- you can't expect people to find jobs. we have three people per job opening now. that's way too high. the demand high is where the constraint is. >> i think that's an excellent point. we need about 200,000 net new jobs to be created every month. >> at least. >> to keep up with the growth of our population. >> and if for some reason the last two recoveries have been very slow job recoveries, i mean, they have, it's a bipartisan thing. i tell you, you guys think i'm crazy. i'm into that abolish the corporate income tax. just apolish the whole thing because that would boost wages and that would lower prices for c consumers. i think we need a kickstart for this whole story. all i know is 92 million people not working. elaine chao, thank you. jared bernstein, thank you very much. folks, let me just tell you that despite the lazy jobs report, the fed is going to taper more this month. they are going to eliminate qe 3 and, also, there's a stock that you could have had for $69 a share on mo

what i'm telling you is that the job market is still too weak for all the comers. >> because of this.> there's not enough chairs. >> that's because of this, by the way. not in spite of it. >> three unemployed per job opening. >> that's why it is. >> who's to blame for that? that's an important factoid. after nearly five years and 11 extensions, you, jared bernstein, obama advisor, biden advisor, and a lot of other people, jason ferman, the others, they're all saying it's not good enough. if you do something 11 times and it's not good enough, maybe it's time to rethink your position, ole buddy. >> exactly. almost the definition of being crazy. >> i like the way you frame that up. i think that's a very reasonable way of putting it. what i'll say in response -- what i'll say in response is that the job market is clearly improving. when obama and jason ferman and i -- >> oh, no, it's not. >> no, the job market is. the unemployment rate is coming down. >> the participation rate has fallen with it, jared. >> don't conflate an improving job market -- >> no, come on. as larry said in the open

that time. >> senator, i don't think that the fed ever can be or should be a prisoner of the markets. our job -- >> but to a degree in this case it did affect the fed, did it not? >> well, we do have to take account of what's happening in the markets, what impact market conditions are likely to have on spending and the economic outlook. so, it is the case and we highlighted this in our statement, when we saw a big jump in rates, a jump that was greater than we would have anticipated from the statements that we made in may and june, and particularly saw mortgage interest rates rise in the space of a few months by over one hundred basis points, we had to ask ourselves, whether or not or not, that tightening of conditions in a where we were seeing a recovery, and a recovery that could, really, recovery in housing that could drive a broader recovery in the economy, we did have to ask ourselves, whether or not that could potentially threaten what we were trying to achieve. but overall, we're not a prisoner of the markets. i continue to feel that we're seeing an improvement in the labor market whic

. >> words of bob bruno a labor professor at the university of illinois, he calls america's job market bipolar. thanks for being with us. >> the my pleasure. >> you heard that story, this yuck woman has grawd from university, this woman's doing temp jocks and she's doing nannying and working in food service. that was always a precursor to getting something else. you're saying that's not necessarily the case. this poor woman may end up working in that for a long time. >> i think that's a great fear. there used to to be something full time and if you had that college degree it would unfold into a career with career ladders. but what we've seen not just in this last jobs report, is that people are cobbling together part time jobs. one, two, sometimes three and a good portion of these folks more than almost a third actually have college degrees and almost 40% have some college. so my great fear is this is becoming a kind of new normal, a hole in the labor market. >> tell me what the rich is to the fact that we had a recession, people lost their savings and so people stayed in the workforce

report is a warning sign the job market may not be as strong as we had hoped. hampton pearson in washington. >> despite that lousy jobs report, there are many american businesses that want to hire but they just can't find enough skilled workers. in st. paul, minnesota, a group of local companies is banding together to solve this problem. mary thompson has more. >> reporter: two years ago, j.w.hume had a problem. the company's former ceo saying the maker of luxury leather foods and accessories couldn't find the workers it needed to meet growing demand >> it began to really worry our company. and we thought at one point it actually was strangling our growth. we had to actually slow down our sales point as a result of that. >> reporter: it's a common problem. a survey by the manufacturing institute says 82% of u.s. manufacturers have skilled jobs they can't fill. vacancies that are growing now that rising labor costs in asia are prompting many to bring work back home. work is what larry was looking for when he landed in a homeless shelter after 15 years of checke

two, the job market while improving, there are plenty of caveats to that story.e barely made up the grouped that we lost during the recession. we still have done workers falling out of the labor force, and i thinkant yelling to be willing to recover this. she'll recovering buil be build. >> ford was in deep trouble, chrysler and gm were near bankruptcy. now two bailouts later the big three have rebounded. bisi onile-ere has our report from detroit. >> reporter: the big degree detroit-based automakers are on a roll. experexports it million cars and trucks around the world. >> there are still many more imports than experts but the expert also grow for the next three to five years in. >> reporter: the turn around comes five year after ford was going through a major restructuring. u.s. cars once scorned oversays for poor quality are now in demand totaling $65 million in export sales in 2012. why? >> automakers have adopted a global strategy where instead of building specific vehicles for specific markets, they build one vehicle that is appealing to those as the word.

economy and the job market appear that it helped. as we saw when we still had trends toward widening inequality, we did have real wage gains when we had an ever stronger job market. foster growth in the united states will help a faster job market. when the economy recovers, we are going to see firms be more willing to undertake trading where they cannot find workers. they are going to be willing to invest in people and to make capital investments who will make workers better on the job and we will see better wage gains. >> i would suggest that those at the bottom are not feeling the effects of these policies. the trickle-down hasn't happened for them. they struggle every day. they may not see their wealth grow because they don't hold a lot of assets. anything that you can do taking a look at this broader issue because this is an issue that will affect the economy for years to come and affect our competitiveness in years to come. we are getting resources for those who did consume. we look forward to a long relationship with you. >> th

job market. 11 million americans remain unemployed. i'll ask the nation if this recovery has the right stuff. also what healthcare.gov could have been. how one state's health exchange was built for success. >>> and what one tech built with a 3d printer, had a you can builwhat you can buildwith a pe. i'm ali velshi, and this is "real money." >> this is "real money." you are the most important part of the show. join our live conversation in the next half hour by using the handles, aj real money and aj at real money. in a report that comes out every month, the private sector in the united states added 238,000 night new jobs in december. that's the most in a year and more than most economists predicted. this is the biggest increase since early 2012. this adp number prompted several wall street economists to raise their estimated tally for december. this included all government and private sector jobs except agriculture, and they come out on friday morning. the economists were predicting that 200,000 jobs were created in december. back afte

transnational corporations that will profit by destroying what our founding fathers one still just my job market and on this show we reveal the big picture of what's actually going on in the world we go beyond identifying the problem try rational debate and a real discussion critical issues facing that define ready to join the movement then welcome the. welcome back in with our team international live from moscow britain's prime minister wants the country to stand up to the e.u. and demand the right to stop paying welfare to new arrivals from abroad his critics say he's scrounging for popular support as voters increasingly look further and further right wing when it comes to immigration u.k. independence party says david cameron is completely misjudging the public mood. we've had mass open door immigration in the united kingdom over the past decade it's had problems on schools hospitals infrastructure and pushing down wages in the country that is why he is struggling and he can't find a solution politicians are not listening to people in the streets of or into places around the country go to lin

at a holiday time, because people think in the new year, that the job market is going to open up, it a force of human nature in the history of seeking jobs. but one of the other things they need to seize on here, is the fact that you have these long term unemployment, long term unemployed number numbers e short term has gone down faster than they thought, but long term that's people out of work, over 26 weeks. that's in a bad state. >> good to see you, as always, next time i have you on this week, let's talk about congress and sanctions and iran, let's do that. >> such a good story. >> all right, appreciate it. >> the white house is condemning comments by israel's defense minister who reportedly referred to secretary state john kerry as mes yannick. and obsessive. it is one thing for a government official to criticize another for what he does, it is another thing to personally insult that official. but apparently, according to israel's leading newspaper that is what the defense minister has done to u.s. secretary of state john kerry. auseed the secretary of having a messianic complex

stellar performance numbers out today for the german economy last year was a good one for germans job market the number of people here in employment at a record high for the seventh consecutive year figures from the country's statistics office show forty one point eight million people work and work in twenty. some two hundred and thirty thousand new jobs were created most of them in the service sector. germany's jobless rate has stayed just below seven percent the past two years. it's the envy of some eurozone countries like spain or greece where more than one in four people are still at work. we mentioned earlier that week demand in europe has been getting a few automate this process nowhere is that more true than in france new car sales in france in two thousand thirteen would be worse than a decade and half fifteen years for french carmakers who are very dependent on domestic shall call this extreme effects. he said in a shortage of supply here hundreds of thousands of french may cause the shows and renault's all waiting to be purchased to monday's globe and sales slow. in short francaise

to the very important job market. every single family home that we construct produces or jobs over the. of the year. everything from the obvious construction jobs in manufacturing jobs. thinking about the lumber and the appliances that go into a the, transportation to move materials around, home retail group and improvement jobs, landscaping, the market runs very deep in. just in one part of the country, it is almost everywhere. i think that that is going to be an important source of new job creation over the next few years. host: what industries are going to see growth? will tell you, interestingly enough, we are seeing job growth almost across- the-board right now. very few industries are not adding. until recently it had been the case that state and local governments were laying off workers, but that is not true anymore. federal government is still downsizing. other than that we are seeing industry. in every but one important source, and this will matter over a longer. of time rather than in a given year, but jobs

, went to work for themselves and we want to the job market again, they have asked the question why have you been out of work for so long? >> that's right. there are a couple of problems facing the long-term unemployed. we all know the story of what happened at the end of last year with congress, republicans in the house didn't want to take up an extension of long-term unemployment benefits that, immediately put some 1.3 million people who fell in to that category, in other words, they had been unemployed longer than six months, of course the state admin veries unemployment for six months, what happens during times of economic difficulty, such as the last five years that we have been through, is that the federal government will step in and pick up the tab to extend those unemployment benefits and that requires an act of congress and congress has not acted. so it started at 1.3 million on the first of the year, it's now up to 1.6 million long-term unemployed going without benefits. the president in a way here, not so subtle way senior here is tro put pressure congress to have eve

a lot of people are discouraged. 92 million americans don't have jobs and are not in the job market anymore. 6.7% unemployment rate only because another 100,000 people or so have decided there is no point in applying for a job. the highest record of americans that have taken them self out of the job market in the history of the country. the president wants to talk about income inequality. let's go there. let's talk about the fact that the party that has preached poverty and how to fix it has led this country to spend $20.7 trillion in current dollars since the year 1964 since the war on poverty. and more people are in poverty today than when it started. i would say the war on poverty isn't going well. the reason it isn't is because with you cannot get rid of poverty until you bring to people a since of hope and o optimism and that comes with a prospect of getting an education, a job and going beyond the life the government wants them to live. our party isn't afraid to talk about improving the income inequality. we don't want people to live in a house because this is the one the government s

we already have a polarized job market, meaning the jobs in the middle, the good solid middle class jobs have already been automated and we are lost with lower level and higher jobs that require college degrees. i think going forward that missing hollowed out middle will get larger and larger. ibm's watson the computer that went on jeopardy is the example of technology moving into the higher level jobs at the same time advancing robotics and self service technologies is going to hit away at the lower level jobs. it's going to be more of a problem going forward. >> we had a ceo of robotics company saying that the labor cost cuts meant ramped up production lines and as a result more demand for workers in other parts of the business. is that a feasible argument? >> that's true in some areas. in manufacturing, for example, some manufacturing is actually coming back to the united states because robots are making it lower cost. but that doesn't mean there are going to be many jobs there. you know what we have seen is that as robots eliminate jobs in one area that companies don't necessarily ne

and to drive home the point of job market worries, check out this video. iting in line to apply for 1500 job opening at a outlet mall. jarod, can you make sense of these numbers? >> first of all i can think of no better way to start the weekend than to talk to you about the jobs report. i think it's a bit of a head scratcher. there are such a thing as statistical outliars. these reports tend to have a fair bit of noise in them and the payroll number will be revised and probably revised up. the main thing is the decline in the participation in the labor force. people leaving the labor force. as you suggested you're not counted as unemployed unless you're looking for work. >> but if you break it down sector by sector, there were some strong gains in the retail and professional business services but then you look at construction and government jobs, that was a loss. how do you interpret that? >> construction may have had something to do with unusually cold weather in december. here's a good point. the health care sector, that's a sector that continue yawly add

job market's terrible! >> here's the level. it's up by about 46,000 americans quitting their job. you see there? when we have recessions, they don't quit their job, they hunker down, put on their seat belts and they don't leave. not normal turnover. here's the quit rate which is -- takes into factor the size of the labor force. you can see that is on the way up. actually, that's the level right there. it's now at a cyclical high. >> janet yellen loves it. >> what this is telling us is people are feeling more and more confident. i want to add one other piece of analysis to this news which is that when i look at where the quits are happening, leisure and hospitality. maybe lower workers who are earning less money are feeling a little more comfortable to leave those jobs, quit those jobs and perhaps find better paying jobs. that's still to come. that's a theory as -- you would expect to see that when people start moving up the wage and income ladder. here's the other important thing about this, which is that it's a firm labor report and it's another report that leans against the dece

these are people who need it most of all to get a fork in the job market. one of the best ways to increase your ability to for more money in any job market and guiding factor for the door and if we walk out before which we inevitably will. no employer to hire an employee to get them to so if you're in your employer in the end of the glass and rapidly kids are not think however that did not really. on one and again it's worth remembering when then went for work and the guide showed the states that already hobbled ireland win in the federal offer to you and i are keen on importing not worth the read aloud to them what i'm wondering though if these losses of supply and demand necessarily apply to the labor market like ron paul was suggesting in like you're suggesting there been several studies done on this issue in virtually every single one to show no increase in unemployment with a minimum wages increase of two thousand study compared fast food employment in neighboring new jersey pennsylvania new jersey raise the minimum wage employment was affected. anothe

it is retired people, baby boomers aging out of the job market, but that's the lesser portion of it, also, you know, some of those people are probably being nudged out before they'd like to because of the underlying weakness. >> jared, i want to get to this. overall for the year as we look at unemployment being down at least 1%, however, as we drill down deeper for african-americans in particular, unemployment is still above 10%. that's one in ten without a job. so, how much recovery can we have when such a large sector of our population is out of work? >> that's exactly the underlying point that i was trying to get at here. there's a feedback mechanism. you know, corporate profitability has been great. the financial marks are soaring once again, off on a terror. the extent to which that's, quote, trickling down, reaching people in the middle and the lower spheres of the income distribution, really, really is still, i think, quite underwhelming. so you don't really have a kind of robust economy that's helping to reenforce the recovery. >> msnbc contributor jared bernstein. jared, gre

these are people who need most of all to get a hold in the job market one of the best ways to increase your ability to earn more money in any job market having had your door and if we lock out which we inevitably will no employer is going to hire an employee who loses money value your employer in the end up being less than whatever the minimum wage is you're not going to get hired and this can have a really bad effect. and again it is worth remembering we're not talking about family. we're talking. and the data does show that states that already have a higher minimum wage than the federal law and i are teen unemployment and that's where the real act well i'm really wondering though if these laws in this of supply and demand necessarily apply to the labor market like ron paul was suggesting and like you're suggesting there have been several studies done on this issue in virtually every single want to show no increase in unemployment when the minimum wages increase to two thousand study compared fast food employment in neighboring new jersey and pennsylvania after new jersey raise their

let's keep them in the job market. neil: you know, my concern with it, politics aside issue we spend more time thinking about providing benefits for those jobless than providing opportunity for jobs, i think we have to backward. >> right, i don't' to necessarily keepeople in the job market, i want to keep people in jobs fine-tune, best government wwlfare program is a job. focus on economy growth we'll find more prosperity for people. neil: 1 you tak once you take tt government safety net away, what about those who find jobs. >> these people are looking for jobs. neil: how do you know that? one thing to go into an employment office and say you were doing that, and actually doing just that? >> well you areuggestions more government oversight of the program. neil: not all of honest. >> you will always find a bad apple. but for those who lost is last week -- >> would you ever let it run out, would there be a time, 48, 72, 96 weeks that is limit that is it? >> i don't think we found it at 26. neil: what is magic number is th

transnational corporations will profit by destroying what our founding fathers once told us my job market and on this show we reveal the big picture of what's actually going on on the world we go beyond identifying the problem of trucks rational debate and a real discussion critical issues facing america to find the book go ready to join the movement then walk a good pick. please . please please. put it on your show marginalized bank immunology face you know. a pleasure to have you with us here on our t.v. today i release you should. in the final. and the rest. will be. breaking news. stories that. the international criminal court. for the first time in history of troops committed war crimes during the iraq war. the forms i'm proposing today should give the american people greater confidence that their rights are being protected the american president in the surveillance habits of the n.s.a. but critics say the proposed. change things.

people feel sats sfisfied. >> fascinating look at how the job market is changing., thank you. kimberly palmer, joining us. >> a look at the news this week that will have an impact on the money. no rage against this machine. why baxter is part of the future and workers don't seem to mind. >> for more on the show and guests go to our website -- you can follow us on twitter@onthemoney. >> a look at the calendar, stories that may move the market and impact your money. heavy week of earnings. hear from apple, yahoo! google, facebook, amazon. also dow companies, at & t, exxon, mobile, chevron. caterpillar. monday home sales figures out. tuesday, president obama delivers his state of the union address. alls tuesday, the federal reserve will kick off the two day meeting. markets will be watching to see if the fed will further taper the bond buying program. on thursday, the bureau of economic analysis will release preliminary estimate for fourth quarter and gdp for 2013. finally as american manufacturing rebound and profits grow, a trend is taking hold in plants across the

corporations that will profit by destroying what our founding fathers once told to us about my job market and on this show we reveal the big picture of what's actually going on in the world we go beyond identifying the problem trying to fix rational debate and a real discussion on the critical issues facing us to find the book deal ready to join the movement then walk a bit of. good night's. sleep well like you were in your own house. you. are and. eat it will eat you if you keep it cool to eat. any. food he. didn't. want you to it would be a. few movie. enough to make it more difficult they put up a demo wall tell me the me what do they get. wall for nothing. but i mean this. this isn't fair. because the war devised the country but it unites the hearts their hopes and their illusions. they could put up video cameras and other things build another wall but the day after the mexicans would find a way to get over it. god knows when will be your moment and you'll know it that's what i said to my mom if i have to die so be it. the. in. the game. eat eat eat eat eat eat eat eat. eat eat eat. e

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so how is the job market these days? out of work americans as well as investors and economists everywhere would like an answer to that question. they'll find out tomorrow morning when the labor department reports how many new jobs were added to the month of december. now, expectations are high that american businesses were busy hiring. an upbeat jobs report could have huge implications for the markets, consumer and business confidence, and federal reserve polic policy. sara eisen has a preview. >> strong hopes for tomorrow's monthly jobs report. in the last 48 hours economists have been upping their forecasts for december from 191,000 to 200,000. the unemployment rate is set to stay steady at 7%. fuelling the optimism, a surprise positive read on private sector hiring. the highest since november 2012. and today's report showing the number of americans filing new claims for unemployment benefits fell last week, pointing to fewer layoffs. >> even though health care cut jobs, we know that's a long-term job creator in this co

we examine how the market should take today's jobs report. big business for the family court system. dr. drew pinsky is going to tell us all about his new documentary entitled "divorce corp." and you will meet the tailor who helped leonardo dicaprio become the wolf of wall street.

the job market's slow but steady recovery is giving the market a chance to buy stuff.xports rose by 11.4%, boosted by natural gas, and we import less energy as well. take the positive force, counteracting declines in spending and a little bit of weakness in housing. >> two consecutive quarters of strong growth could be the exception, not the rule, according to chief economist, who says that job creation could be a drag on the economy as 2014 motors on. steve joins me now. good to see you. >> good to see up. >> if you look at the back of 2013, job creation was strong. these are the numbers that president obama and mitt romney talked about. something happened in december, only created 74,000 jobs. there's nothing we can talk about when someone says what does it mean for 2014 when we have clarity or certainty. you say we may not be out of the woods. >> if you look at one statistic, when you look at what is going on in the labour market. the claims are averaging -- >> this is - the number of people who file for unemployment benefits for the first time. >> that's correct, t

but a war job market does calm one fear that federal stimulus money may be pulled back faster, which may be why the u.s. markets have not fallen to dramatically. the markets very close to the flat line. in europe, the markets finished the week in green. in france, one bit of battered eta, keeping the projection -- one bit of better data, of reading fears that france could be slipping back into recession. the u.s. recovery seems to be slumping with job numbers, but china has overtaken it in one key figure. it is the world's biggest goods trader. growth in chinese exports has slowed down, but that could be good news for beijing. that could mean the chinese government is a step closer to its goal of increasing domestic consumption to reduce its reliance on exports to the west. it was only a matter of time. china's economy has been outgrown the united states for years. as the world second-biggest economy, today it is the world number one in terms of trade. this as asked boards have grown bigger for decades. -- this as exports have grown bigger for decades. trade was up $4.16 trillion. chi

that is the fastest pace in three years, it's a sign that the job market's slow but steady recovery has given americans the chance to buy cars and appliances. exports are another reason for last year. they rose is 1.4%, driven by energy and natural gas. by the way, we import a lot less than than we used to as well. so you take all of these positive forces, and they help to counteract the declines in spending and weakness in housing if. >> two consecutive quarters of strong growth could be the exception. and not the rule. job creation should be a drag on the economy, as 2014 motors on. steve joins me now, and steve, good to see you. you look at the back of 2014, and job creation is very strong. these are the numbers that president obama and mitt romney talked about in the election, over $2,000 a month, and something weird, only created 4,000 jobs, and now there's nothing that we can talk about. what does it mean for 2014 when we have clarity or uncertainty. does it mean that job creation, we might be out of the woods? >> determining what's going on in the labor market, there's still an a

is horrible and it's under obama's watch that's that's the point the job market is horrible i disagree about the fact that unemployment continuing unemployment benefits the detrimental way first where you have individuals who are only receiving two hundred dollars a week who the only thing they're doing with that money is they're going to the grocery store buying food they're barely paying their rent when you take that money away guess you are going to lose jobs from the economy because now the money that they are spending in these grocery stores now the grocery store chains are going to have to lay off workers because people are not purchasing that much food but the stores you have it you have this spending that is going to hell but these individuals who are no longer want to have money to bed to help bolster the casique and want to run the economy is to inject money at the bottom rather than at the top this is the business i think this is a mistake we've been making since bush were you know hey they were giving money to the to the banks by the by the boatload by the wilbur of but. we

transnational corporations that will profit by destroying what our founding fathers one still just my job market and on this show we reveal the big picture of what's actually going on in the world we go beyond identifying the problem trucks and rational debate and a real discussion critical issues facing america to find a job ready to join the movement then walk a little bit. right on the scene play. first street. and i think butcher. on our reforms twitter. and instagram. play. to be in the movement on modern. world. science technology innovation paul believes developments from around russia we've got the future covered. this is a medium we lead to be. on the scene. that no one is asking with the guests that you deserve answers from. politics. are to. new york london. the whole. town the end. of the street another one a more transparent society gets the money has become. mobilized to. blend into the city the city more people trust electronic devices. to. sleep well. i am. to. eat you want to eat it to get to you to do to eat. any. food. to eat good food or. want you to move to. if you. were me.