a true labor member and certainly labor m.p. would want to do would be to upset and hurt people we invite her on the show but you say you know there has to be a sensitivity mike gapes one of the other leavers said basically corbin is wrong on russia to make a lifelong labor politician. one hundred eighty degrees wrong on all of those actually. and there were there was some revelations i think it was lost in. unimpeachable source and suggested that that was indeed stage management or jeremy was suggesting in the arts and indeed in the script whole case and so on the same will assess that evidence i mean clearly this is totally unacceptable it polling what happened to the scruples and sublets absolute evidence about who's responsible who's behind it and let's not have any need reactions and as for venezuela of course will look again mark is completely wrong will base because we know why venezuela i mean they've made some wrong turns no doubt about the government i think they would acknowledge that but the reason why venezuela is i

apel continue to enter the labor force with the labor participation rate increasing to 63 per site from 62.7% over the last year. reinforcing the strong employment environment, the fed vice chairman said in a recent speech, the labor market remains healthy with an unemployment rate near the lowest level recorded in nearly 50 years and with average monthly job gains continuing to outpace the increase as needed over the longer run to provide employment of new entrants into the labor force. major legislation passed through this committee and enacted last congress supported economic growth and creation. the economic growth protection act act asked congress for a significant bipartisan support. it was enacted to redirect important resources to local communities for homebuyers, individuals and small businesses. i appreciate the work of the fed has done so far to introduce proposals and finalize rules required by the law. overseeing the full implementation of that law and the federal bank on banking agencies rolls to right size regulations will continue to be a top priority in the committee of

labor market. because people are coming back in. if people weren't coming back in then the unemployment rate would be substantially lower. so labor force participation is rising in either case and that tells us that there is more room to grow. that certainly has implications for monetary policy. in terms of urban and rural, we look at those disparities. we look at those in a general way they inform our thinking about the state of the economy, particularly maximum employment, which is not -- there is no one number you can look at. you have to look at range ever indicators. that would be one. senator mcsally: thank you. chairman crapo: senator jones. senator jones: i want to stay on the urban versus rural twide -- divide a little bit. we see you've got senators on this committee who have a lot of urban areas and it seems like that there is one factor that may come into play that's not quite so obvious that we have talked about and that's health care. in 2017 the atlanta fed set out to suddeny the urb

labor force participation move up by 0.5 over the course of the last year, as the labor market has just gotten stronger and stronger and stronger. so that's been a great thing to see. given a level of job creation, athens the unemployment rate would be much lower. the unemployment rate has gone up to 4%, but this is only a good thing, because it means people are coming back into the labor force. the real thing is even with these increases, we still lag other countries who have higher labor force participation. you pointed out correctly that the aging of the population is decreases labor force participation, and that trend is 0.3, or maybe 0.25% every year, so just to hold flat is actually a gain really for the last -- since 2013, since the end -- the latter part of 2013, labor force participation has been flat to slightly up, which is good to see, but honestly that's just a consequence of having a good labor market if you're going to have that sustained good times and bad, it's going to need more than a good labor market. it's going to need policies that reach out, you know, and give pe

it is night -- not surprising for mexico to be advanced on labor matters. is there a way to shorten the biologic exclusivity without reopening the agreement? you just said that is a pandora's box. i know a lot of other things the democrats and republicans want to put up for debate if they can. is there way to do that without putting it up for debate? >> i will answer your specific question. in terms of the mexican position, we accept the changes of the position. the negotiation of the position. know there is a delicate balance. only in the minds of the negotiators there is a perfect negotiation, but at the end of the day, we have what is possible. we have to follow a set of logical steps before entering even into this discussions, which are of a political nature. in the implementation of the agreement, if there is something , if there is a perception that the labor reform in mexico is not sufficient, then we would need to work to the second phase of the theussion, which is how many ways we could address that. and the surface of the creativity to solve that

so, we're seeing labor force protection rate -- the labor force participation rate is up but maybe there is this gap holding back growth because of the mismatch with the jobs that are there. you thinknk -- what we could do to intensify set number and get people off the sidelines and give them the skills they need? mr. powell: the strong economy at the aggregate level is, as you mentioned, pulling people back into the labor force, or encouraging them to stay in the labor force and not leave. this is very, very positive for us. labor force participation has gone up about 63%. to be in the labor force, you got to have a job or have looked for a job in the last four weeks. if you haven't looked for a job in the last four was, you are not considered unemployed comes of this is very, very positive, and we hope this is sustained. that is a strong labor market pulling people back in. labor forceat, our participation rates are lower than other countries that have anything like our level of wealth and economic activity. it is not easy to say why, the fed's ability to address this is just a functio

labor market. that would be a positive for the economy. >> i appreciate that. i promise you, we are not going to ask you to testify in front of the health committee. senator tester made a comment as he was finishing up that despite an -- and there is a lot of good economic news. everybody agrees, there is a lot of great economic news out of there. but i think a lot of folks also -- as in senator tester's words, see canaries in the coal mine. do you see any, other than the obvious -- of the debt we have. do you see any canaries in the coal mine that we need to be looking for in this congress? >> i would say that the outlook for the u.s. economy is a positive one. is a favorable one. there are always risks. and right now i would say that the predominant risks to our economy are slowing global growth, as i mentioned, particularly china and europe. we have seen a significant slowing in growth really over the course of the past year. and it seems to be ongoing. and that can create a headwind for the uni

labor force and not leave. this is very, very positive for us labor force participation has gone back up above 63% and to be in the labor force by the way, you have to have a job or have looked for a job in the last four weeks. if you haven't looked for a job in the last four weeks and are not employed, you're not considered unemployed. this is very positive. we hope it is sustained. but that's sort of a strong labor market, pulling people back in. even with that though our labor force participation rates are lower than other countries that have anything like our level of wealth and income and economic activity it is not easy to say why. i think the fed's ability to address this is really just a function of trying to keep us at maximum employment there are plenty of people, and it is younger people, particularly younger men, particularly less well educated younger men, but people across the gender spectrum and income spectrum and age spectrum, we have low labor force participation. i think we want the economy t

we lag other countries who have higher labor force participation. you pointed out correctly that the aging of the population is decreasing and the trend rate .25% every year. for us to hold participation a gain against the longer run trend. since the latter part of 2013, labor force participation has been flat to slightly up, is really good to see, but honestly, that is just the consequence of having a really good labor market. if you are going to have that be sustained through good times and bad, and put us on a more competitive footing with other countries, it is going to need more than a good labor market. it is going to need policies that reach out and give people to beills and aptitude able to be sustainably in the labor market. sen. crapo: all right, thank you. i can't remember where i read this, but someone commented recently that today in the way our labor market is working, if a person wants to work, there is a job for them. do you tend to agree with that observation? mr. powell: generally speaking. although if you are in some regions, for

by twenty twenty five twenty tramways despite the fact that child labor is oficial a bang. and in almost all countries images like these are widespread. according to the united nations children's agency unicef there are one hundred fifty two million child laborers worldwide more than seventy percent of them work in the agriculture sector as well as we need to aim to end all forms of child labor by twenty twenty five from twenty to twenty twenty five that's just six years from now. it's ten o'clock in the morning in the heron plain in southeastern turkey noel is eleven years old and should be in school just like most of his nine brothers and sisters but every year they missed several weeks of school because their family needs them to go out and harvest cotton. later in the school year in may they'll miss another month of school because the help will be needed to harvest apricot. fish. it has done the work is quite hard. so yes we have to pick up from sixteen years old old she tells us she hasn't been to school at school since she was in the fifth grade. high art and to me. m

the other part is labor force. we only see labor force growing half a point per year. . those are the two ingredients for long-term growth. 1.5 percent is a real challenge because of aging population. we get more people over 65 and people over 65 are getting older. labor force participation rates of younger folks are not keeping up with the baby boomers. so, we will see a drop in participation, a big part of why the growth is slowing . >> our labor force is approximately 154 million people . >> that's right . >> if you want to grow faster than that, you're saying it's gonna grow by half a percent. that's about 750,000 people per year? >> so if we want to grow another half percent we need to increase our labor force. that's just off the top of my head but these are the types of numbers were talking about. what -- it's primarily about family unification as opposed to putting him to work. what you see in terms of national birthrate and what shortfall do we have their, fill in the blanks . >> one thing about immigration, you see the proposals on immigration policy, they have

i think we ought to have policies that reward and support labor force persisted asian -- labor force participation. >> thank you. i want to follow up with the rural/urban gap. have visited a lot of rural areas and we're seeing the disconnect in labor force participation in those rural areas. do you take that into account in fed policy? and again, other perspectives of what else we can do on our side or your side to not have that gap widening for those in rural areas. mr. powell: we do, in the general sense, that we are learning and we have learned this year that there is more slack in the labor market because people are coming back in. they people not coming back in, then the unemployment rate would be substantially lower. labor force participation is rising in either case. that tells us there is more room to grow and that certainly has implications for monetary policy. in terms of urban and rural, we look at that and we look at those disparities in a general way and they inform are thinking about the state of the economy, particularly, maximum employment. there is no one number you

ya que sus hijos no tendrÁn nada que hacer durante el paro laboral.ros son muy claras, salarios dignos, y mÁs apoyo para los estudiantes. temas muy importantes que dicen los han llevado declararse huelga. >>esa ese sen es una que no estamos tomando asÍ tan fÁcilmente, pero saco que pensamos que necesitamos tomar riesgos para poder hacer un cambio en este distrito. an estado trabajando r un alto sin contrato laboral desde el aÑo 2017 y tiene los ssalarios mÁs bajos en el condado alameda. la huelga su sacrificio que hacen pensando sÓlo los estudiantes. >>tambiÉn queremos disminuir el nÚmero de alumnos en cada aula para que reciban mÁs apoyo, que reciban apoyo duro bibliotecario, enfermeros. gilberto: ahora los padres a las tener que arreglar para ver quÉ hacen con sus hijos mientras ellos trabajan durante el paro, sabemos que la iglesia metodista, estÁ ofreciendo sus instalaciones para albergar a mÁs de 250 estudiantes durante la huelga. tambiÉn se estÁ haciendo un llamado a otras iglesias de aucklandbraque abra sus puertas a los estudiantes de distrito

in order for labor to make progress and to raise standards of living for all workers, labor must fightl working people. >> harry belafonte. i firmly believe that as an artist and as a human being, i cannot isolate myself from the struggles of my people. their victories are my victories and their peoples -- their defeats are my defeats. >> everywhere, people are talking about the pilgrimage. a street rally in harlem. ♪ [singing] ♪ >> the reverend martin luther king, of alabama, the cochair of the prayer pilgrimage. congressman adam clayton powell of new york. roy wilkins, executive secretary of naacp, cochairman of the prayer pilgrimage. all writing that freedom train. that freedom train. a friday. a workday. the time off to come. let the children with the grandma. got up early in the morning. our church hired buses. you do delegations are coming from the trite, chicago, st. louis, north and south, and there are college students, lawyers, teachers, all kinds of folks. thousands and thousands. pay toe losing a day's come. some are risking their jobs. , better notng told go if you know wh

role in policing labor disputes through criminal law and labor injunctions. some accepted the common charge that judges, whether by temperament, training, or outright graft, inevitably privileged capital over labor. progressive hostility to judicial power carried over to the conception of individual rights on which the court's decisions were purportedly granted. in place of the autonomous individual, progressives championed the common good. roscoe pound, who shaped the progressive school of legal thought known as sociological jurisprudence, was emblematic of this approach. in pound's view, he said individual rights deserved protection only insofar as they promoted the public welfare. the problem with lochner era constitutionalism, he said was , that it exaggerated private right at the expense of public interest. he and other progressives rejected the formalist fiction the individuals are autonomous social actors with equal bargaining power, along with the notion that courts should theect social autonomy from laws. in short, on the eve of american entry into w

the next one we're going to talk about is labor force participation. we're going to spend time tonight on that. i know it's a dry subject. but this is actually trying to be intellectually honest. and if there's -- this is a moment where if you're going to call our office and say we want solutions, we're working through it. but it's not right to. my father used to have a saying, we were just talking about it over in the corner. for every complex problem, there's a complex solution. excuse me, screwed up the quote. for every complex problem there's a simple solution that's absolutely wrong. turns out complex problems require complex solutions. so you actually go on our board and we're going to talk tonight about labor force participation, how do we get as many americans across the board to participate in the economic vitality because it turns out that has an amazing effect, everything from our health care costs to tax collection to just the economic growth. the next two, there is a technology revolution about to happen in health care. it's also happening

media seem to have suddenly discovered policies agreed by britain's labor party on brics it what does it all mean for the corbett project joining me now is the man who won the largest individual mandate in europe former mayor of london ken livingstone again thanks for coming back on before we get to these weighty issues the president mayor of london issued a warning about not jogging and walking fast in london the british capital because of the degree of air pollution this week because of the warm weather which is catastrophic i've worked in central london for fifty years all my life my lungs record for someone five years older and so we've got to tackle this problem we've got to get rid of d.s. so we've got a massively improve our air quality got sacked let's get on to this business about the mainstream media suddenly discovering a compazine from last year's labor conference why do you think there's been such a hollow ballou about repeating the that there could be a second referendum if different stages of this process were reach it was there in the tea party labor's preference is th

member every office sure because of the labor party a cabinet minister appointed by labor prime minister and then you left the party that's a cancerous growth not personally but i think people try a those who gave them power the real threat of revealed that they were against jeremy corbyn becoming pm even though is leadership is seen labor make its biggest gain since nine hundred forty five but what apart from corbin in the room saw it on so many international issues from russia to syria to venezuela guess that neighbor friend of israel defected because more with russia or is wrong the goldman's refusal to support regime change in venezuela is wrong and corbin's policy on syria is wrong he was called him before he voted against to raise amazing air strikes on syria after nato nation media alleged again the use of w m d in the middle east i also used to speak members inquire of the chill got inquiry was the results of the war in iraq it was the last of many inquiries held into that process it was the most thorough and painstaking they had ever been and i. i would have thought that is a sa

the other part is labor force. we only see labor force growing half a percent a year. if you take 1.3, add it to 0.5, you get the 1.8. it's almost that simple. those are the two ingredients for getting long-term growth. that 1.5% is a real challenge because of our ageing population. we're getting more people who are over 65. the number of people over 65 are getting older. and the labor force participation rates of younger folks aren't keeping up with the baby boomers. so we're going to see a drop in labor force participation. that's a big part of why this labor force growth is slowing. >> so the numbers are pretty simple. our labor force is approximately 150 million people? >> that's right. >> if we want to grow faster than that, right now you're saying it's going to grow by half a percent? >> yes. >> that's about 750,000 people per year? >> that sounds about right. >> so if we want to grow another half of a percent, we need to increase our labor force by another 750,000. if we want to grow by 2%, we would have to grow our labor force by 3 million people per year. that

labor movement, because the labor movement is basically dedicated to advancing democratic rights foras ted brown of the aflcio. >> 10 years ago, when i started working at youngstown, local 1011, there were jobs denied the rights of negroes to work on. we organized a civil rights committee in our local. through their work, we convinced ese white brothers that negro were qualified to work on these jobs. through their work, today, negro es are working side-by-side with their brothers. >> mr. hobson came with the negro delegation of steelworkers. >> us is very inspiring, knowing you are a part of it and knowing you're doing it not only for yourself but for all around you and for your children and those who are coming after you. i think it is one of the most important steps in history. >> they prayed and the walls came tumbling down. that going to pray today racial segregation is going to double down all over. -- tumble down all over. >> co-chairman a. philip randolph. we have come to memorialize the historic supreme court of united states decision of the emancipation proclamation of the

so you are going to have lower labor force because the patient, but the very strong labor market -- labor force participation, but the very strong labor market is keeping people from leaving. we hope it continues. >> once we get to full employment, the definition has been a moving target on the part of the fed, you will acknowledge, are you willing to 4% wage growth climbed to either to begin to recover some of the decline we have experienced or labor share of income, or alternatively, an idea not discussed often enough, to see if tight labor markets themselves can improve or boost productivity? are you willing to let wage growth hit 4%? chairman powell: we are targeting price inflation, now wage inflation. it so wages should equal to in any aggregate. >> as a follow-up, i have a couple charts. do we have them? these are the two mandates, full employment and price stability. you referenced price stability. can we go to the second slide? or not. the second slide. i am burning daylight. chairman powell: they are both on there. >> this shows the record over the last 25 years with respect to

well that's according to labor's spokesperson he says the labor leader jeremy corbyn you see there will put forward an amendment calling on the government to adopt labor's brights a plan which includes a permit it membership in the customs union of the e.u. you're now that's planned for this coming wednesday or been said that labor would do everything in its power to prevent a new deal tory bricks. with more on this i'm joined by our correspondent there good mohsin london good evening to you beer gets what does this mean could it point to know who brags at all. well it doesn't mean automatically that there is not going to be a brags it just says that might be another referendum so you know that has to be that has to actually happen that referendum has to take place or that has to be agreed with the british parliament and then it has to be agreed also what kind of question is put to the british people and we know from opinion polls that that really matters as to what people would vote for it's by no means a foregone conclusion that now people would vote against threats it would vote agai

the labor unions are going to need to see that the provisions on labor, regarding mexico, are really going to be implemented by the mexican congress and enforceable. then, they will have a hard time saying is isn't the better agreement than the original nafta. the question is how many votes will that bring. >> so i just want to observe that i don't know how good the relationship is at the top. we see the public theatrics. i think someone on our program later today, who doesn't have the word former in front of her title, the current ambassador to canada, can probably give us better insight into that because sometimes what's going on in public is theater and not necessarily exactly what's going on behind the scenes. i will say, i have to be because jingoistic there was a u.s. ambassador to canada, there are times where the foreign minister of canada says things about the united states have not won an enduring such it's not as if the commentary is entirely one dimensional. so i actually, a deal was made, right? the deal is in place so there had to be some consensus in order to reach a d

going out and hiring labor and doing some training. people have been out of the labor force.here's also changes in the handling of previous issues that some people have with regard to incarceration or drug dependency. these are issues at the business side of things. for government policies, there is a role for them to play with regard to subsidies for education or bringing people back for training for the types of jobs being opened up. it's a combination of what business needs to do and what the government can provide through education financing. alix: catherine mann will be sticking with us. coming up, amazon's incredible growth machine, raising concerns about first quarter forecasts. this is bloomberg. ♪ alix: tough 14 hours for amazon, falling in the premarket after reporting a tepid first quarter forecast. still haven't been able to recover from that level. it raised concern on the slowing retail growth and a murky outlook in india driving costs. this is a change in revenue we've seen in deceleration in the last few quarters. dan morgan joins us now. buy they the dip -- d

but at the time he said i want to see what happens on trade and labor, because the labor people and the environmentalists were opposed to it. well, after the election bush signed the agreement before he did anything about labor or the environment. so he basically signed the agreement quickly and clinton said that he was for it, except he wanted to something on trade and labor. then after that he came up with a side agreement which were not enough for dick gephardt and others, and also the labor unions. they didn't think it was strong enough, and they turned out to be right about that. it was not really strong enough in the long run. there you have it. sorry if i took too long. >> event into a next question. there is talk about what can be done to get house democrats on board with usmca and there is a lot to talk about. congressman crowdly, do you think that's enough for democrats or do you think the caucus needs something more? >> let me first thank you for having me here today. i want for inviting me in the first place to the here. to give you my thoughts and observations and i had the

and five other labor m.p.'s emerged as one of the choco muna seven angelus without to give an apology within five of hours over this big fancy launch because she was allegedly racist for calling people funny tinge for. limbert i wouldn't say that but we should ask katie hopkins she's got some form on this as well of course she's in the media free speech for her maybe and this week and boldly want to have a good indoors with a probably not going to like a the elkins anyway a corbin operation by the leader of the british labor party to discredit those attacking him because no one could be this chaotic is what some people are saying don't ever underestimate parliament when it comes to chaos this is unlikely writ large but i don't think it's been planned option and steve you look to that well if you were in that were you in the us i was never in the s.c.p. i joined the peer liberal democrats not the the me out of the split off of the labor really it did but what we've got here is these seven have decided to split t

labor except. the results of the referendum. i thought missed me we. getting that. right that's why we believe in alternative plan. as march twenty ninth moves closer the path of the process and the ultimate outcome seems to only get more complicated and unclear meanwhile the government has been forced to release a report that estimates a no deal practice could shrink thing u.k. economy by sixty nine percent over fifteen years. and is less dramatic british business news a familiar upscale real to upscale retailer is teaming up with an online delivery service to offer their wares online marks and spencer an online food retailer ocado announced today that they are in talks regarding a joint venture in utah a retail that is expected to put m. and s. in the online ordering and delivery game in a big way after the new alliance with an asshole coddles expected to ditch a previously agreed partnership with the weight rose supermarket chain and m. and s. competitor in the upscale grocery sector and sector initial report suggests m. and s. will be paying between eight hundre

get on to this business about the mainstream media suddenly discovering a compazine for last year's labor conference why do you think there's been such a hollow ballou about repeating the that there could be a second referendum if different stages of this process were read it was there in the tea party labor's preference is they want a general elections they want get rid of trees that might be if he can get a general election it was absolutely clear at conference we want to second people. so i don't see why one for me so surprised it's been covered as a great betrayal and particularly saying how can a second vote be all knowing the referendum which labor prevails if you look back at the referendum what both sides were saying to remain as and believe has it all turned out not to be true i.e. what we've now got is much more detailed analysis of what's going happen and the defining issue has been diffused with the business community overwhelmingly every business thinks there will be major problems if we leave and that as that's come across in the media i think that's why there's been a shift

now this evening labor's spokesman tweeted this this week labor will put its alternative plan for a vote in the house of commons if parliament rejects our plan then labor will deliver on the promise we made our annual conference and will support a public vote public vote that is the key word. or the talk about that i'm joined now by brooks analyst and political blogger john wirth john it's good to see you again this is becoming a regular thing now here with his friends and story indeed indeed so we've got the labor party really surprising people here with this this u. turn but do we know what this vote will be on and he will it be to rescind may's plan or will it be on remaining in the e.u. we're going to get the things in the right order. jeremy corbyn and the labor policy first and foremost want their own version of bricks it a soft bricks it's a job. to the economy that's the first priority they finally realize what has been clear for a long time to anyone who's been observing this the chief of all the fullback position is that finally coming to today is essentially say ok we realize