those along with a 10 seats given to the labor side. mean workers interests have a majority today vw workers have some of the strongest organized labor power in the world works council leader, the new that color has been called the 2nd the most influential person in the company. after the c o. now she helped prevent the 1st ever vw plant closures in germany. so how did we get here? 1930 ceremony. the country was far from being the auto nation. it is today. just half a 1000000 cars were driving on its roads. friends had 3 times as many went out of the seas. power he set out to change that he hired engineer, getting them processed to come up with a car affordable for most people. the hitler's car plans needed a car plant and money to finance the construction of the 1st folks out in factory here and vice book. he turned to work as well as the nazis had confiscated all workers union offices, uniting them under the german labor front, expropriated union fun, collected by the german labor funds were used as the starting capital for folks fucking 50000000 device mark. but as the 2nd world w

labor market. >> it is the unemployment rate that is probably the single biggest data point. >> i don't think things are as common the labor market is a latest seems to view. >> it is cooling. it is softening. >> the fed cuts really come out on the table or if it is a really weak number, they will probably say maybe the economy is not as strong as we thought it was. >> this is "bloomberg surveillance." jonathan: live from new york city, good morning, good morning. coming into friday facing down a week of losses. on the nasdaq, down by .2. the first big data point of 2025, payrolls report just around the corner. below, 100. high, to 68. lisa: it is unclear how to read this data. what is the threshold for the fed to cut rates again? right now people are saying that threshold is incredibly high at a time we still see robust job growth. at the same time it is slowing. the bigger question to me is what was that threshold for this bond market to rally big time and for people to retrace some of their infl

labor for 75 hours per week. to world news america. the mayor of los angeles says urgent preparations are underway amid years close to hurricane force winds forecast for this week could spark new fires. 24 people are known to be killed and another 16 are missing, with the three biggest fires uncontained. the national weather service says rains are not expected to be -- winds are not expected to be intense as loss -- last weekend. fires are burning in three areas. the largest is the palisades fire, which has burned 23,000 acres. the eaton fire is the second-biggest. the hurst fire has been almost fully contained. the chief of the l.a. fire department says firefighters are prepared for strong winds. >> as the wind event is upon us as we speak, the los angeles city fire department has maximized our resource capabilities and response capabilities. all available resources have been staffed. i have strategically pre-positioned engine strike teams and task forces which are dedicated to rapid response for new fires that

what is a labor shortage is a shortage a lack of labor or a lack of people willing to do labor at the price that you've set it out right. so if you tell me that you're going to pay me $100,000 to work in a poultry industry, i don't think you'll have a poultry industry, labor shortage. right. and so then the question is, what is where is this labor shortage coming from so there's not that they needed and argument they needed workers and that there weren't enough workers. and i think in some cases that is true, that in some we're talking about really rural parts, north carolina and georgia. right. and all of a sudden they have these huge poultry, huge poultry factories that are expanding really quickly and they just don't have enough bodies to do the work. other times, i think it's a strategic move. yeah. is this kind of sense too, as the south becomes more and more part of the sun, that latinos are good workers? there's this idea, i think, that you look at california you look at texas and this idea, latinos are so central to that workforce. there's a desire, i think, on their part to e

se espera que maÑana tambiÉn llegue personas de canadÁ para ayudar en las labores.o estÁn las condiciones del tiempo para las prÓximas horas hacia el sur de nuestro estado. >> buenas tardes. Éste aviso por riesgo de incendios forestales nos acompaÑaste el miÉrcoles 6:00 de la tarde debido a los fuertes vientos de santa ana y bajo humedad. se esperan vientos que superen hasta 65 millas por hora hacia los picos mÁs altos. actualmente los vientos se mantienen 22 millas por hora, 30 millas por hora hacia santana en direcciÓn noreste hacia la costa, vientos que siguen secando la vegetaciÓn que sirve como combustible para alimentar estos incendios, iba a permanecer bastante ventoso donde notamos que se sigue intensificando, alcanzando 29 millas por hora y para maÑana martes, la jornada muy crucial para que pueda entorpecer la labor de estos bomberos. >> gracias. te vemos mÁs adelante. el comisionado de seguros activo un programa. instÓ a los sobrevivientes a evitar decisiones apresuradas al contratar contadores pÚblicos o contratistas. la ley prohÍbe que los ajustadores p

let's start with the potential new labor secretary. she is known to be prounion. the former representative lost her battleground race in oregon. will that be good news for the working class, will the unions continue to have a voice under a president trump? catherine: we are in a historical moment in which supports for unions and unionization is cresting across the united states. supports for unions polls extremely well amongst americans. taking a step hand-in-hand with that public support as opposed of the trying to retrench and fend off a wave of unionization is welcome. you would like to see the american people will rule out. vonnie: the other thing you pointed out his labor force participation for women 25 to 54 has been going up and reached a record, 78.4% in the last year. what policies do you foresee under president trump that might keep that number there assuming women do still want to work outside the home? kathryn: the composition of labor force participation told several different stories. what i focused on in my column is the fact that women who have ch

labor market and start their careers in the united states.ost: how do somebody qualify for one of these visas and how long does that process take get it? guest: you have to have a bachelors degree in a specialty field. you have to be paid the prevailing wage for your area. your occupation and your skill level. host: in the united states. guest: and the employer has to pay $15,000 in legal fees either to the government or to attorneys to file the application on your behalf. and then, if you look at there is a cap. there's 85,000 visas made available -- mainly to for-profit companies and they have to enter a lottery each year at least for the last decade there's been a lot of reasons the demand exceeded the 85,000 number. even before the start of the fiscal year the demand exceeded. and so much so only about 20% of the applicants actually receive an h-1b visa through the lottery. host: these are people who are qualified and entered the process. what kinds of immigrants and nationalities and industries in the united states rely on this program?

but next notorious force, labor children's comp, in norway is our documentary teams focus. 33 angels begins and moment the the lawyer to the settled yet says the matter sure. we asked name like a dealer or the more done as well as the boss. nice study bill moyers industries. queen says i'm good. all the medicine, bailey isn't. as you say, brought it to me. said passed along the bottle. you know, it didn't. this could easily is booked today. that's the disaster. them. you could nice to write quite a here, the style yearly, that issue, a nickel body or yearly body issue for the for the value. she'll be el paso new mode. you test appointments. lim, calling you close on on. the last 4 of the 2 was cannot because for me to cut the cuz i also need to settle the thursday. right. the and the oldest children will never become adults there. we'd love to have children . we most have grandchildren, great grandchildren, and please take into consideration if not their life was lost, but also the talents were lost. who knows? how many genius, who are among those children and how many music in so ma

as a result, demand for labor has risen significantly. many workers are recruited from asian countries, such as nepal and bundle with dish i think socially, if it changed, ever since. yeah, almost 18 different languages. 80 different cultures, people are something different the way this is severe, a very big challenge. it's something for the future. it's amazing that we have so many diversity resulting in the past decade over $11000.00 workers have settled and that would then meet on municipality. they make up about one 3rd of the population. they're often forced to live in overcrowded spaces. as environmental consultants, we can look neely to coleman from in fact they come from developing countries and live here under extremely poor conditions like local displace group. they also work under poor conditions, excessively long hours located in hard labor. and so he's going to out the but we tried to speak with workers in the town of south to told you without success. everyone we approached worked on very farms in the region, but they polite

it comes from labor.and says, we are not going to stand for this anymore, or if consumers get together and say, we are not going to stand for this anymore, there are way more of those than there are of them. the problem is, the weird twist in the wonderful world of the internet and social media is that rather than giving us a means to coalesce and come together, it has divided us into these little bubbles or camps that are at war with one another. >> jon: which i am guessing now is may be the overt strategy. >> yeah. >> jon: in many ways, that is how they generate the income. because the overt strategy of the algorithm is to conflict and outrage. >> just last week, there was a scholarly journal article published by some political scientists in the netherlands that looked at who generates the most misinformation on social media, and they found it was really asymmetric. it's almost all coming from right-wing populists and it's not an accident. that is there a strategy. >> jon: holy shit. for a second, i tho

the reason why labor is an important part of this is it's estimated the labor's 80% of the cost of doing business for the post office. for ups which is unionized by the private union versus the government union is about 50% and it was nonunionized the cost of labor to do business is about 30% of their cost savings and being outside of government union sprinkling even private unions have cost savings but when we have a whole we see a problem we try to change it. we have the pension problem in kentucky so he simply said the new hires when not being the pension system or get a different deal. we understood the previous hires a cap to get their pension pension and the new people who come under a new contract and it would take us 20 or 25 years to dig our way out the whole hole but we began doing it by offering defined contribution as a defined benefit. you did this in shifting the cost but now we are getting more people and more government workers and that's where the problem originated were too many benefits to government workers. i don't know that i agree with that premise. is labor still

este caso ahora exigen 10,000,000 de dolores por presunto acoso laboral y discriminaciÓn.onocer la demanda que fue presentada por un destacado abogado de derechos civiles en el centro de varios gastos que han captado la atenciÓn del paÍs. >> este caso tiene implicaciones profundas. recordemos que uno de los elementos mÁs significativos que envuelven el tema es el informe publicado en noviembre pasado por la expuesta. reportera: un informe que no solamente ha dejado varios sorprendidos, sino que ha dejado al alguacil en el centro de la controversia, inclusive, esta misma expuesta sugiriÓ que corpus deberÍa renunciar debido a lo grave problema que se habÍan dado en la oficina. san mateo emitido las respuestas presentadora: demanda. y da chance abre el debate sobre el manejo interno de la oficina. presentadora: y hablamos ahora de las nuevas leyes estatales. estas son parte de nuevas leyes de california que alguien todo en vigor a partir del 1 de enero de este aÑo. entre estas regulaciones esta la ley con acuerdo con otro ya no podrÁn cruzar Ángulo de 20 pies de cruce de peat

the cheaper labor they hire, the more money the billionaires make. your thoughts on that as well. >> guest: so they're not indentured. they are obviously highly paid workers. if you look at their median income or median wage for h-1b worker is about $120,000 a year. that is the 90th percentile. for all u.s. workers meaning they are higher paid than about 90% of workers in the united states. it's inaccurate to call them low-wage. if the purpose of the h-1b visa was to cut labor costs and replace american workers you would see the h-1b request increase when unemployment goes up. we see the opposite. h-1b requests go down when unappointed increases so in 2009-2010 the wasn't even a lottery to allocate the h-1b visas because demand went way h-1b visas because demand went way down during the great recession. it increased again after that as unemployment went away and demand for workers increased. the other thing you would see if it is all about low-wage workers is that the h-1b would be paid less than comparable u.s. workers. we don't see that either. in

geoff: in a labor market contest -- and a labor market context is where it matters for wage growth. look at the trouble every single central bank has had with labor supply. this may be a smaller component. the policies need to be done in a way which boosts real income growth rather than nominal income growth. if it is just nominal, than the inflation builds on top of that. people do not feel richer. if we have the right policy mix which guarantees productivity gains, it is potential productivity growth that is stronger than elsewhere. let that guide real income growth. i would hope the rest of the world could try to emulate the u.s.. getting the productivity side wrong means you get real income growth wrong and that is where you can get an inflation spiral again. jonathan: some people believed that by the middle of december last year the federal reserve was starting to incorporate some of the policy changes from the incoming ministration. did you agree with that view and where does that leave them at the end of this month when they meet? geoff: i don't think they are incorporating t

but the labor market is pretty tight.egal immigrants, which i fully expect that's going to tighten labor market up quite a bit. and then if trump goes a little further in -- in ships some of the certainly some of the people who are here illegally who are also criminals, that's going to also tighten up labor market. and the only reason the economy was able to grow as fast as it could as it did over the last couple of years, is because of illegal immigration. our domestic labor force is growing at the rate of about 75,000 a month. you can't grow 200,000 jobs with 75,000 more jobs seekers per month mathematically impossible so we're going to see upward pressure on labor costs as the -- those issues are addressed. charles: all right chuck. weave we've got to leave it there appreciate it. sorry you heard really big news right israel and maples about hs agreeing to cease-fire there's a lot of new wans nuance to this deal but i have a power panel to discuss and also what we learned in the past week with this news and what's happ

you've worked so hard to support day laborers, but today, many day laborers are helping others, including some that have lost everything themselves. how are day laborers helping in los angeles right now? >> thank you for having me. >> it's good to see you again. >> thank you. >> this has been a tradition of the day labor community across the country. there are 70 day labor worker centers. and every time that there's been a disaster, workers come together to form community relief brigades of made up of volunteers. they go into the communities to bring food. in our case, what we're doing here in pasadena, in particular, the workers are going to the streets to remove branches that have fallen and that are obstructing the traffic, to clean the curbs all over the city, to restore parks. because this is these are spaces for community to come together. they're taking food to the communities adjacent and other articles actually to the communities adjacent to where the fires have taken place in the altadena pasadena area. and the center is also a hub for information. it's also a shelter for day la

labor force. the news is spreading. i know we were on a couple tv shows right now but there are i'm sure people viewing who got discouraged applying for jobs because they kept applying for jobs and that getting a job. you can decide i'm going to stop doing that because it's such an emotional strain on me. you should try to it again rt now. labor markets are tight and there's been an enormous amount of success for people to reattach to the labor force. i i think desantis people are like to say that's an important policy. i think the great recession had some policies that separated people from the labor force in a way that didn't make much sense. the unemployment insurance extension make people long-term unemployed. i think the affordable care act, they did a lot of stuff to drive it down but we're reversing it now. i'm quite hopeful, i mean i'm hopeful that by the time we release it next february that we will have a significantly more optimistic forecast for the labor force participation them get i

it's a place of tremendous labor exploitation.and it's kind of a poster child for racial capitalism in terms of domination. of one group by another. and at the same time, it's got enough lithium tree to cross within the entire american auto fleet. pretty much one and a half times over. and the question is, can get it right and. i think for us to get it right, we're going to to understand that we need to go big and small. this is a huge opportunity. we need to take equity in at the beginning rather than sprinkle it on later. if we don't start this process and say, whoops, like with oil, it's prettynfair, how do we fix it up later? how do we equity? and from the beginning it's going to require that develop the skills of both testing with capital and cooperating with capital because frankly it's big corporations that created this climate mess but at same time it's like corporations that have the capital and technology that are going to be necessary to pull out and that's very difficult terrain for us to work in as a finally we need t

camps was located near tron theme harbor. throughout the war ser zora subject to the forced labor and dora and the submarine. for serbian slaves life and dora was marked by suffering and in humane conditions. no region eye witnesses could observe from outside to camp that the serbs were made to dig their own grades. so i'm just going to include in each dot of all this on your laid on your income, getting high push a lovely or high potomac i'm so again the cell value in the id, annual con gabriel live. i don't know who their side it was. who gets get on who they will often though. oh sure. sonya no, that was the volume over say, late doing computing. i did it on. yeah. well they also got to do the hand that i thought i opened up. oh, so let me, i just hung there though, so i'm going to get a little bit of a harder. but don't think that that book, but they don't today without uh knowing some peak loan go cautious it. and if you could give that to the person that are similar way, they get sued. they had the horrible conditions except from the t lease. most of course, the individual own s

it's a place of tremendous labor exploitation.and it's kind of a poster child for racial capitalism in terms of domination. of one group by another. and at the same time, it's got enough lithium tree to cross within the entire american auto fleet. pretty much one and a half times over. and the question is, can get it right and. i think for us to get it right, we're going to to understand that we need to go big and small. this is a huge opportunity. we need to take equity in at the beginning rather than sprinkle it on later. if we don't start this process and say, whoops, like with oil, it's pretty unfair, how do we fix it up later? how do we equity? and from the beginning it's going to require that develop the skills of both testing with capital and cooperating with capital because frankly it's big corporations that created this climate mess but at same time it's like corporations that have the capital and technology that are going to be necessary to pull out and that's very difficult terrain for us to work in as a finally we need

to the forced labor and dora and the submarine doc. for survey and slaves, life and dora was marked by suffering and in humane conditions no region eye witnesses could observe from outside to count that the serbs were made to dig their own graves. so i'm just, you included each job of all this on your laid out your income getting high push a lovely or high potomac. i'm so again, the silvo you in the id in your phone. gabriel or the volume noval dish. i don't know. some kids get on her, they will often know most or phone you know, that was the volume over say, late doing competing, heidi don't. yeah. well they also got to do the hand that i thought i had to open them. oh, so let me add song there, go. so i'm going to get a little bit of a harder. but i don't think that that well, but they don't a day without the knowing some piece known to cautious it. and if you keep you there, the person that has to norway, they uh to they had the horrible conditions except from uh to lease most of course, uh, individual shootings. many people uh, die

the strength of the american labor market. >> we are seeing some signs of softness in the labor markets gradual, we will avoid a downturn. if we flatten out, if the unemployment rate flattens out a 4.2%, 4.3%, the fed will feel very confident about the labor market and it might be difficult for them to cut further. jonathan: investors looking at key data, starting with the payrolls report, followed by cpi and a fed rate decision at the end of the month. claudia sahm noting, "it is not living at the promises. tension has been building around the sep at the powell fed. the fed has long been data-driven in his decision, but the complexities of the post-pandemic economy have let it seemingly to rely on data over forecasts." claudia joins us now. i happy new year to you. good to see you again. how is this complicating decision-making on the fomc? claudia: a real theme of the last meeting was how much uncertainty there is about the outlook for 2025. a lot of that comes from policy uncertainty. the fed has increasingly under powell become data-driven. it is hard to believe it but i think we w

the labor market schooled.going around the labor market right now. lisa: this is going to be the final jobs report for 2024. the expectation is 180 thousand jobs being created every month. that's down from 2021 when this was the rebound from the pandemic. what are the key linchpins to help you understand whether this is a cooling, or something more pernicious. michael: it's all about the policy outlook. vigil -- fiscal and regulatory policies will take time to come to fruition but trade and immigration are on the forefront. both of those could have adverse effects on activity and labor markets. lisa: which is the more important question here? the idea of trade and tariffs which is certainly with markets today, frankly immigration and what gets past the first couple months of the trump administration. michael: markets would tell you tariffs and trade and we were remind everyone we think immigration is just as important. jim was on saying potential growth was running around 2.5, completely agree. if you pull back

to the forced labor and dora and the submarine doc. for survey and slaves, life and dora was marked by suffering and in humane conditions, no region eye witnesses could observe from outside to camp. that disturbs, were made to dig their own graves. so i'm just, you included each job of all this on your laid on your income, getting high push a lovely or high protect them. so again, the still value in the id, annual con gabriel live. i don't know who their side of those who disagree don't know. they will often the most or phone you know though, the volume over say late, doing them getting hide it on. yeah. well they also got to do the hand that i thought i opened them. oh, so let me add song there, go. so i'm going to go get over harder, like i'm based at that book. but they don't today without uh knowing some piece known to cautious it. and if you could give them the prisoners to norway, they uh, to they had the horrible conditions except from uh to lease most of course uh, individual shootings. many people uh, died from starvation and

it was a folly mckalters if it comes from a cultural, the stereo survey and forced labor versus deeply heart breaking part of near ways more time history. it is important to remember and on the memory of the serbian laborers and their suffering, the effects of the my phone, most of those would solve it stupid somebody and a big done spectacle. vince meaning this time for the side of the dispute case for his order, so it didn't go double or negative. broomstick golden state is good for to your shading this will 10 day in some over the that the body to it how much i can't over 16 to connor so well the steep visa comrade took him until night. good. the is the amount of time in this case. so pretty plug it or leave this. it could be a good thing going well, just so i don't see it out. after world war 2, many crimes were hidden from the concept under which the suffering was presented. was categorized under ideological concept of the suffering of yugoslavs and prisoners. more skillfully avoided the fact that members of both resistance movements and the former yugoslavia, terrorist and nazi c

low so they could be competitive with the mills of manchester who kept league labor costs low. and as a result, at the second half of the 19th century, the gilded, there had been a number of strikes in fall river. and some violence and. as mill workers organize to try to improve the working in the mills. mill owners in turn wanted to keep wages low and wanting to prevent strikes regularly. hired a number of women but also children to do the labor in the mills, children as young as eight years old because they were easier to control well and wouldn't go on strike and you could pay them less in addition immigrants who are pouring into the country by the end of the 19th century will also mean there was a constant source of labor at the mill gates looking for jobs. some of the mills in fall river. women in theil mills, children in the mills and child labor, even though by the end of the 19th century, the progressive start to get rid of child labor, it's going to last in into the 1920s a're going to have children who forgo school under the theory you didn'ed a education because you

pro peterson, the representative of the main german labor force headquarters in the independent state of corrections mentioned that there were $537.00 children under the age of 17 and the so i'm easter camp including boys ages 9 to 40. the germans wanted the work force to build roads and the infrastructure in norway. so when they couldn't get enough prisoners from serbia, they contacted through star shop which they made a deal with. so they could get the work force to come to norway. so in that sense, the norway becomes the outpost of the will start from getting aside. i move it kicks to their bows. this is a protest note, sent from berlin in october 1942 to the eustace authorities who tried to deceive the germans and include many children, elderly and sick people in the transport pod. additionally, during those days, they used to shoot, killed, 48 villagers and sent 375 people to camps. 350 of them were sent to norway nationally stood up without seeing. it's lasted a beautiful, i'll go out and play mostly with you and i do need somebody to sit paven. yeah, i am la la pulls up to sele

for peterson, the representative of the main german labor force headquarters in the independent state of corrections mentioned that there were $537.00 children under the age of 17 and the so i'm easter camp including boys ages 9 to 40. the germans wanted the work force to be in the roads and the infrastructure in norway. so when they couldn't get enough prisoners from serbia, they contacted booster shot which they made a deal with. so they could get the work force to come to norway. so in that sense, the norway becomes the outpost of the star shot. getting aside, i moved it. there was, this is a protest note, sent from berlin in october 1942 to the use, the sort these who tried to deceive the germans and include many children, elderly and sick people in the transport another way, but enough. additionally, during those days, they use fisher killed 48 villagers and said 375 people to camps for a 150 of them were sent to norway. nationally stood up without fear is lost today below go to employment. so what did i do? just some of the dentist have pretty right now. i am mama pulls up to so

it outlawed child labor. it established the 40 hour workweek. within the fair labor standards act, there is a section that allows employers to pay people with disabilities less than minimum wage. and this was originally created as a kind of incentive program to get employers to kind of hire people that were deemed unhirable. you know, it was based on the idea that disabled people were inherently less productive. so you could pay us less, but we still needed to work. and that policy and the programs associated with it have stayed in place, again, since 1938. ali: what is the environment like now, for people in the workforce who have disabilities? maria: well, so in the span of almost 90 years, one, we've had a whole disability civil rights movement happen. that's still happening today. that's actually been fairly successful. we've had the rehabilitation act that establishes nondiscrimination by the federal government. we've passed the americans with disabilities act and amended it to make it even better, where workers with disabilities can get re

it was a folly mckalters to become from a culture of the mysterious or reinforced laborers is deeply heartbreaking. part of mirror weighs more time just it is important to remember and on the memory of the survey and laborers and their suffering, the effects of the my phone, most of the other modes. so i'll get started, some body and then big done step built bins, meaning this time for the side of discrete case from his order. so then go double make a broomstick golden state the minute for to your shading so 10 day in some over, lived at the body 10. how much is the temple of a 16 to connor so the steep visa 100 to move something had to be a here's good news all the time in this case. so pretty plug it or you could, it could be a good thing going well, just so i don't see it after really door too many crimes were hidden from the concept under which the suffering was presented. was categorized under ideological concept of the suffering of yugoslavs and prisoners. more skillfully avoided the fact that members of most resistance movements in the former yugoslavia perished and nazi camps

era of rising but he wasn't able to accomplish so just seeing how mike quill kind of saw this as labor's last stand against a technocratic governor in an that would become a a era more skeptical of labor unions and realizing if we go along with this will be going along for things forever. so he refused to go along and that's kind of when the split of weakening private sector unions and strengthening public unions really began. so he he much more than the sort of, you know, telling the judge to drop dead. i mean, these were very well thought out strategy and tactics, even telling the judge to drop dead. he understood new york an attention economy unless can get that sound bite you are not winning in new york city for better and for worse as our current president knows. yeah. do you think self-driving, for example, changed that equation or whether you how many more things because profit taxes that like so many you i think self-driving cars can they they certainly can and will change urban environment whether do that for the better or for the worse will be up to the elected and appointed of

policies like these would not lead to labor, will lead to labor shortages. they would cost our economy hundreds and billions of dollars in lost productivity over the next decade, not just 4 years, decades. this is not the america we aspire to be. what we need is comprehensive immigration reform, reform that creates a pathway to citizenship for undocumented immigrants so that they can fully contribute to our american dream. at the same time, we must prioritize investments in smart, effective border security measures to protect our nation and ensure our laws are respected. these are the priorities. they are not exclusive to anyone. these are essential for a balanced and forward thinking immigration system. these goals are the foundation of a balanced, humane, and forward looking immigration system. immigrants are not just part of our past, they are the key to our economic stability. it's time for all of us, mothers and grandmothers, to reject going back to children and mothers and families being held in an ice cold freezer or separated at the border or in our

to the forced labor and dora and the submarine doc for survey and slaves. life and dora was marked by suffering and in humane conditions. no region eye witnesses could observe from outside to count that the serbs were made to dig their own graves. so i'm just, you included each job of all this on your laid on your income, getting high push a lovely high potomac on. so again, the still value in the id annual comm. gabriel, a valuable dish. i do for those who just get on the table up in the bookstore. sonya no, that was the volume over say, late, doing computing, hide it on. yeah. well they also got to do the hand that i thought i opened them. oh, so let me add song there though, so i'm going to get a little bit of a harder. but don't think that that will put you down today without uh knowing some fi clone to cautious it. and if you keep you there, the person that has to norway, the to day had the horrible conditions except from uh to lease most of course, uh, individual shootings. many people uh, died from starvation and hunger as diseases. because the weather conditions, especially in

28% but there is a fair amount of data they will come in between now and then in particular on the laborhether or not we will get another strong reading that we got last friday. we saw an unexpectedly hot print when it came to payrolls and also unemployment following a.i% so the fed is in a wait and see mode and you can see what happens with the labor market but today's information is unequivocally good news. what about the fed going forward for 2025? for what about the fed going forward for 2025? for 2025, the fed is watching _ forward for 2025? for 2025, the fed is watching the _ forward for 2025? for 2025, the fed is watching the proper - fed is watching the proper administration, the expectation now is one — two cuts, if we have a very tight labor market moving forward or if we have an inflationary policy, the fed will continue to pause, it's unlikely that the fed will begin hiking with the fed needs to see conclusive data are both with respect to the labor market and with respect to inflation before it will feel confident by cutting by more than 25 basis points over the course of th

for every dollar the food cost was down in '224, our cost of labor was equally up. was more of a neutral effect on the overall p & l for the year. labor costs are our number one concern even though we're seeing some ebbing and reduction on those. i will say the other thing is helping labor costs is we have a tremendous amount of people wanting part-time jobs now in our industry and that's helping the demand of applicants coming into our organization. so which is helping ease labor costs a little bit. taylor: are they in favor of no tax on tips? >> that's a sticky subject to get into. i think i personally am not in favor of it but i think, you know, for a multitude of reasons. >>> i'm not even sure it's ever going to come to fruition at this point. y consumer sentiment. i heard from one restaurant owner the day after thr that sales doubled. people are exhaling, that at least they have some sense of direction for the country. what are you seeing? >> yeah, i couldn't agree more with that statement. once that election was over, it was very tepid up until telex - we didn

today the labor department really does numbers for december showing a growth of 250 6000 jobs in the final month of 2024, up for 212,000 jobs in november. the u.s. also registered a december unemployment rate of 4.1%, a drop from 4.2% the previous month, and matching the october unemployment rate. the figures showed continued job growth in health care, government, and retail. announcer: at the white house, president biden talked about the recent jobs report and his academic record, and also confirmed new sanctions on russian gas. look at the president's remarks. withdrawal from afghanistan. pres. biden: thanks for your patience. been a long day. i would like to talk about the transformation of progress our economy has made over the past four years. this morning's jobs report showed the economy added 250,000 jobs in december. the unemployment rate was as low as 4.1%. all told, in your y -- in four years we created the most jobs of any presidential term in history. there was not a single month when the economy lost jobs, another record. last month, americans lost -- the last month amer

the labor market is supportive.ds and services and that is supporting consumer spending. as consumers spend, that further drives the feedback loop back into the labor market, so on friday's job numbers we have strong hiring in the retail sector. part of that was seasonality, but that does represent the fact that consumers are engaging. lisa: when it comes to concern about inflation, i know it is covered with politics but consumers are concerned about inflation going forward. is that driven because of talk of tariffs and policy or just because they are not comfortable with the price level they have seen? >> i think expectations are still resetting with that price level. they are saying it used to be less expensive to buy this and that less expensive might have been a week ago, a year ago, or five years ago depending on when they last purchased the item, so i think expectations are still resetting. it depends on the product. when he think about groceries, we have been in steady and low inflation, so for food you're st