s labor department on friday came as a huge surprise. even to the experts. is even some expectation that the job report, which showed job losses. labor lawyer michael bernick of the duane morris law firm is a former e d d director, and it showed revision of the numbers in december of an additional 300,000 plus jobs. he sees this as a major turn. in working. we've built up such a remote structure of work now. that even with the shutdowns, people keep working. there are still well over 10 million jobs open with millions of people quitting their current jobs. part of it is the confidence um , um, workers, in other words, seeing that there are a lot of jobs out there that they see something better. um they're moving on. and part of it is that employers have this large number of job openings and because california's actual workforce still remains well below pre pandemic levels. and with so many people still on the sidelines that suggests a lot more hiring is likely coming where i'm strong, tight labor market. where employers can't find enough work person. employe

according to the labor department consumer price index. now inflation is a burden that falls hardest on the poorest. like those in rural eastern kentucky, you may notice coal country, the region has become increasingly impoverished as the call industry declines. w's stuff on the months went there to see how people are dealing with spiraling prices . ah, kentucky is not doing too well these days. what is called america's great resignation, as in millions, quitting their jobs and record to inflation are hitting people heart in this part of the so called bluegrass state, or eastern kentucky, the most economically depressed regions in the united states of america. why is that? because he's in kentucky, is cold country and the decline of the colon this treat going on for decades here, and left his mark on the region and on the high rollers are not to be found here. people here are making their living by working hard wages, minimum wages, and depress wages and salaries are real thing. so the inflation hurts people here. ah, and i'm danny. i'm a

according to the labor department, consumer price index, bacon prices, 18 percent. the inflation spike has lasted longer than economist had anticipated, and is increasingly weighing on consumers and businesses. now inflation is proving to be not only an economic threat, but increasingly a political threat for president joe biden. the white house released a statement about the data and with biden saying, while today is a reminder that americans budgets are being stretched in ways that create real stress at the kitchen table. there are also signs that we will make it through this challenge. now for more on less, let's bring in yes quarter our correspondent and new york. so, you know, we have president bite and being a little bit more optimistic there, but inflation clearly running very hot right here. why is inflation continuing to rise as such staggering rates? there are many factors, one big increase was the price of oil and that the adults are converts into higher prices for gasoline. so transportation costs for infants are also hitting companies . they respond to

unemployment rate rose slightly to 4% in january according to the labor department. "usa today" report u.s. employers added an unexpect 467,000 jobs in january even as the covid pandemic kept millions of americans out of work. president biden spoke about the jobs numbers earlier. pres. biden: good morning. it's still morning by about 10 minutes. i want to speak to you this morning about an extraordinary resilience and grit of the american people and american capitalism. our country is taking everything that covid has to throw at us and we've come back stronger. i'm pleased to report this morning, and many of you know, that america's job machine is going stronger than ever. truly a strong recovery and opportunity for hardworking women and men across this great country. america is back to work. today we learned that in january our economy created 467,000 jobs. that's not all. we learned that job growth in november and december over last year was revised up by more than 700,000 jobs. on top of that, 400,000 jobs previously on top of the 400,000 pevesly reported. this mo

. >> the labor department says revised numbers show the u.s. added a record 6.6 million jobs last year, even as businesses throughout the country continue to look for workers. a report earlier this week showed nearly 11 million job openings at the end of the year. this emergency dispatch center is one of the places that needs workers. >> currently there are 25 total position vacancies in the department. 21 are front line dispatchers. >> with the labor market strong experts say the pressure is on federal reserve to limit inflation to keep the economy healthy. >>> a second federal civil rights lawsuit has been filed in connection with the death of mario gonzalez. he died last april while in alameda police custody. the man's mother filed the latest lawsuit. it claims three officers used excessive force when they pinned gonzalez to the ground for five minutes. police approached after neighbors reported a man who appeared under the influence was walking around a park let. the suit claims the arrest caused the 26-year-old to die from restraint asphyx

i spoke today to the woman who headed the labor department at the time, rita mckinney, and she told meears with judge childs that judge childs was relentlessly open minded every case she heard, and the fact that workplace situations approved under her in the area she managed during that time. we did our research. it is true that in the two years she was in that job but the number of work is injuries and diseases reported did go down for workers in south carolina, and in fact, she also did do some groundbreaking work reaching out to migrant workers with the task force for non-english speakers and offering housing, those kinds of things. again, those who supporter say she is open-minded and sees both sides. progressives want someone who leans clearly left. judge childs is an example of some and who has clearly ruled on each case on its own. judy: some really important information on this potential nominee. lisa, thank you. next week, we will be learning more about two other potential nominees who m be on the president shortlist. -- president's shortlist. ♪ and now to the analysis of broo

that's coming out at 8:30 from the labor department.ook for more information on that as the morning progresses. your solutions on reducing violent crime. caller: how are you doing? the whole problem is everybody in this country is a democrat, republican, socialist. when 9/11 -- when the twin towers were torn down, no one said -- every state in the country went after them. you want to solve the problem, every state has to do their part to take care of this. if one state makes a law, they get in the car and here they are. host: when you say states doing this kind of thing? how would you look as far as what state you doing when it comes to the topic of violent crime? caller: every state should get together. don't look at liberal or conservative or democrat or republican. look at it as a state. host: do you think states are actually doing that? caller: i don't think they are doing that. they're talking about new york and chicago. school shootings. minnesota, florida . yes, they are going to kill kids. they talk about things are going to cha

i spoke today to the woman who headed the labor department at the time, rita mckinney, and she told meexperience, over two years with childs, that childs was relentlessly open minded to every case she heard and that, in fact, workplace situations improved under childs from the areas she managed during that time. we did our research and found it is true the two years childs was in theo job that the number of workplace injuries and diseases reported did go down for workers in south carolina and in fact, also, childs did do some groundbreaking work reaching out to migrate workers with a task force for nonglish speakers and working with housing. she is open minded and sees both sides. progressives want someone who leans left, judge childs is someone who has clearly ruled on each case on its own, say her supporters. >> woodruff: lisa desjardins with some really important information on this potential nominee. lisa, thank you. next week, we are going to be learning more about two other potential nominees who could be -- who may be on the president's short list. thank you. >> woodruff: and no

the labor department reports the u.s.dded 467,000 jobs last month, about 300,000 more than what economists were predicting. but the unemployment rate rose slightly, to 4%. that's up a tenth of a point from the previous month as more americans look for work. there's more good news, too, today's report revised job numbers from previous months, the u.s. added more than 500,000 jobs in december, more than double what was previously reported by the labor department, same story with november, it surged to 647,000 jobs, up from the previously reported 249,000 they were so far off speaking today at the white house, president biden insisted the economy is back right on track. >> it comes alongside the largest drop in unemployment rate in a single year on record. the largest reduction in childhood poverty ever recorded in a single year and the strongest economic growth this country has seen in nearly 40 years. >> overall the u.s. economy added more than 6 million jobs last year, that is the biggest increase, ever, in a single year

s labor department on friday came as a huge surprise. even to the experts. there is even some expectation that the job report would show job losses. labor lawyer michael bernick of the duane morris law firm is a former e d d director, and it showed revision of the numbers in december of an additional 300,000 plus jobs. he sees this as a major turn. built up such e structure of work now. that even with the shutdowns, people keep working. there are still well over 10 million jobs open with millions of people quitting their current jobs. part of it is the confidence of other words, seeing that there are a lot of jobs out there that they see something better. um they're moving on. and part of it is that employers have this large number of job openings and because california's actual workforce still remains well below pre pandemic levels. and with so many people still on the sidelines that suggests a lot more hiring is likely coming. we're in a very strong tight labor market. where employers can't find enough work person. employers are confident enough to continue

fewer people signed up for unemployment benefits last week according to the labor department. first-time filing for weakness jobless claims dropped by 23,000. keep in mind, this friday we get the all-important monthly jobs report. pack lighter if you book with frontier airlines. the carrier is changing its policy on overweight back fees. travelers will have to pay an extra $50 for bags 41 pounds and heavier. the extra charge used to kick in at 51 pounds. the change takes effect march 1 for passengers who bought tickets after january 18. it turns out the bay area may just be the best place to celebrate love. wallet hub has a list of best cities for valentine's day and san francisco top the list. the city nabbed the top spot that depart to the array of valentines related activities. seattle came in second and honolulu rounded out the top three. to complete the list factors were weighed like the cost of a meal for two, florists and jewelry stores per capita, and the weather. that is your thursday money watch report.>>> the new pedestrian bridge at the warm springs bart station is

economists are predicting labor department will report consumer price index shot up 7.2% in january which would be a 39 year high. high home and auto prices are largely to blame for the rising cost of living. certain drinks go with certain times of the year. soon it is shamrock shake's time. mcdonald's is bringing back the milk flavored milk shake february 21. oreo shamrock mcflurry will also be back. they're also sharing the so called secretin ingredient that makes it green. the color id for green is cbf2ac for those who want to create some green fan art. that's your cbs money watch report. head to cbsmoneywatch.com. i am diane king hall. >>> antioch police are looking for anyone who may have witnessed a shooting that killed a 76-year-old woman. police say a driver noticed his passenger had been shot just after 7:00 tuesday night. that woman later died at a hospital. police are searching for suspects and a motive. >>> bob saget's family is revealing how the legendary comedian and actor died. according to his family experts believe the 65-year-old accidentally hit the back of his head bef

. >>> new numbers from the labor department , 4.3 million americans quit their jobs in december. experts say workers seem are confident they can find new jobs. in november, employers posted 10.9 million openings him out near a record high. worker shortages continue in industries including manufacturing, education, and restaurants. >>> while street started february in the green. the dow adding 270 points . the nasdaq was up 106, and the s&p gained 30 points. >>> governor newsom has issued a safety certificate for pg&e, which would enable the utility company to use money from a state fund to help cover future liability. this comes as, fire investigators reported pg&e equipment sparked the dixie fire. opponents say this is a , quote, license to burn. they are looking for a pathway towards reform. >> that pathway is not towards getting pg&e free passes. it is not allowing pg&e to cause the largest fires year after year, season after season. >> the group reclaim our power includes wildfire survivors and organizations that promote environmental justice. >>> a former ucla lecture was ar

according to the labor department. weekly jobless claims fell by 223,000. this is the third consecutive week that filings have declined. and there's been a burst in hiring with an added, 467,000 jobs. however, the u.s. unemployment rate is up slightly from last month. >> the governor making a big investment to the transition to cars. the biden administration recommended out a plan to build half a million chargers. nearly 80% of that cost will be covered by the president's infrastructure bill. >> the benefits are enormous. they aren't just cheaper to fuel. they are cheaper to own. cheaper to maintain. because they don't have some of those expensive components, or things you have to change. like engine oil, or spark plugs. they save owners, thousands over the lifetime of a vehicle. >> the white house setting a goal of more than half the cars sold in the country to be electric by 2030. >>> as we mentioned at the top of our newscast. many people are hitting the covert to cool off, during this winter warmup. here's what it looked like at baker beach today. and i

the labor department says the jobs are mostly in leisure and hospitality.mployment rate was flat at 4%. >>> we are following breaking news. a fire at the tesla factory in fremont. sky ranger was over the scene within the past hour. you can see all that smoke. packing materials, mostly cardboard, were burning. no reports of anyone being hurt at this point. no word on what exactly started that fire. >>> a proud day. but it comes with a heavy heart. the newest class of sheriff's cadets earned their badges. it was bittersweet following the death of david nguen. he was shot and killed while driving on 580 last month. the sheriff says he is proud of his class for the care they have shown to the family. >> touching to see how they got together. make us all very proud to watch you respect others, your fallen brother. >> no arrests have been made. there's a $10,000 reward for any information that leads to an arrest. >>> they want to keep schools open in oakland. they are making sure voices are hard at city hall. here is a look at the walkout that students, teachers

the labor department also says the unemployment rate went from 3.9% to 4%. >> all right. now, time to take a peek outslde. get another check on our 4 zone forecast. there is a live look at coit tower on this friday night in what has been yet another dry warm week in the bay area here in the month of sounds like more of the same for the weekend. proffers rebecca strom here to. >> tell us all about it. >> yeah, i feel like the forecast has been really redundant, but i mean, hey, sunshine will take it that we do need the rain. let's just try to appreciate it. while we have it outside right now, a mostly clear skies. we're seeing some high clouds. we saw some haze earlier today. thus our live camera to san francisco international airport sunday. their quality was in the greatest because of that haze. we saw anywhere from a mixture of good to moderate, especially around the immediate bay. that's where the moderate to air levels were. once you got outside that it got a lot better. we're going to be seeing of these mild conditions. stick around. and it's all because of the s bbo

the labor department also says the unemployment rate went from 3.9% to 4%. lift every voice. also known as the black national anthem could become the official national him. >> democrats on capitol hill of introduced a bill to create a special designation for the historic him that dates back more than a century. kron four's washington, dc correspondent raquel martin has more. >> from the church pews to sports arenas to calmer as let every voice and also known as the black national anthem has been thrust back into the national spotlight in recent years. and now lawmakers on capitol hill want to make its recognition official that will us >> in a very significant way. >> at a friday hearing, south carolina congressman jim cliburn called on lawmakers to make the former the official national him written in 1900 to commemorate abraham lincoln's birthday. the lyrics were later set to music. cliburn calls the song not only a symbol of black pride and perseverance, the resilience of american democracy are the words at the dot pass? >> has taught us angle, the hole. that the present has

the labor department reporting 10.9 million job openings in december. slightly higher than the month before. this friday we will get the january job's number. 150,000 jobs added to the economy with unemployment rate staying at 3.9%. we are awaiting the january adp numbers this morning at 8:15, expecting 207,000 jobs, that would be way down from the month earlier, meanwhile this, elon musk claims he had funding from saudi arabia to take tesla private in 2018. we are on the bombshell lawsuit sparking -- sparking from the tesla founders tweet coming up this morning. tesla shares up 3 quarters of a percent. mornings with maria live right now. maria: morning mover is google parent alphabet, strong fourth quarter earnings, 75 billion in revenue. up 33 billion, up 32% from a year ago to 75.33 billion. alphabet also announcing a stock split in july. google reportedly accounting for nearly 30% of the global ad industries total sales in 2021. google shares setting the tone. rest of the market is higher this morning on the strength in big tech, take a lack, dow in

the labor department's monthly jobs report was better than expected with 467,000 jobs added in januarystrong numbers come despite last month's omicron surge that saw 3.6 million workers out sick, the highest amount since the start of the pandemic. some good news on the covid front, the omicron spread islin9 of 50 slowing and new cases are falling in 49 of 50 states. the only state that's actually still seeing an increase is alabama, but in the rest of the country cases are down nearly 30%. with that positive development comes some sad news. the death toll in the u.s. just passed 900,000 fatalities and, unfortunately, the number of people dying every day is increasing. all right, in minneapolisafter s tonight, there are calls for justice after a police swat team officer shot and killed a 22- year-old black man during a no-knock warrant raid on the apartment where he was staying. tensions have been high in the city since the police killing of george floyd, and with three former officers now on federal trial in that case, the governor is activating national guard troops in case protests t

. >> sreenivasan: when the labor department announced last week that inflation had increased at its fastests, it may not have come as a surprise to consumers who have seen rising costs in ods and commodities like fuel. and while some prices might fluctuate over time, the rise in gasoline prices is likely to stick around for awhile. for more, i recently spoke with ryan dezember from "the wall street journal." so, ryan, when we hear these abstract ideas of inflation, people understand gas prices, they understand the price at the pump and how that's affecting them personally. how did we get here? >> we've come out of the pandemic and we've all started driving around, and the demand for oil and gasoline has risen much faster than supply. the industry had to shut down to adjust to much lower consumption during the pandemic, and they haven't quite caught up to mand yet. >> sreenivasan: and then will they catch up to demand by the time summer travel season starts, where people take longer road trips using more gas or fly? >> well, that's the big question, right? jet fuel for flying, that has not c

the labor department reporting the economy gained 467,000 jobs last month.t was more than three times the number analysts predicted and there were big revisions upward for december and november, despite the latest covid wave. >>> the mayor of minneapolis today imposed a moratorium on no-knock warrants after police executing one of those warrants shot and killed a 22-year-old man they say was armed. police video just released, and a warning, it is disturbing. here's miguel almaguer. >> reporter: in under ten seconds, a minneapolis s.w.a.t. team quietly unlocks an apartment door. storms inside with a no-knock warrant, kicking a couch where a man lying under a blanket with a gun is quickly shot and killed. during the chaos, it's unclear if 22-year-old amir locke, who was not named on the search warrant and appears to have no criminal history, was ever aware it was police who were storming into the apartment before 7:00 a.m. wednesday. >> these events happened very rapidly and as there's a gun emerging in your direction, you're forced to make a split-second deci

the labor department reported on friday that job growth was much more than expected with non foreign payrolls hitting $467000.00 in january. significantly more than the $150000.00 that were predicted the labor force participation rate also surpass 62 percent marking its highest level since march of 2020. now it's all green about concern from investors at the fed will continue to pursue the plan of multiple rate hikes this year. and finally, over in canada, the p. s. x is in the green, nearly 2 and a half percent for the week. the bank of canada has resisted those interest rate hikes so far, despite inflation hitting 30 year high. however, the latest report shows canada actually lost $200000.00 jobs last month, raising new concerns about the state of the nation's recovery. now moving into next week, we will continue to keep an eye on the state of inflation around the world for a quick break, but when we come back, alcohol sales have been roaring over the past decade. it's ashley. during the pandemic, just on the other side, we discussed the boom with someone in the industry as we go to

transition to that great resignation that we've talked so much about because this comes as the labor department has noted that wages or a 4 percent rising at their fastest rate in 2 decades. but given that we're actually looking at 7 percent inflation, aren't americans actually losing money even with these small amounts of raises? yes, absolutely correct. americans are actually losing money due to this higher inflation because real wages are sticky and they don't change as fast as other prices do. so when inflation comes along gas stations, they can switch their prices in about an hour restaurants. they can adjust their prices within a day, but most employees only get a salary, but once a year and some unions, they will negotiate their salary every couple of years. so all the positive headlines that we see about rising wages for front line workers. they're all kind of false because they obscure the reality that wage levels are still very low. and in today's inflationary environment, even as wages fries, so does the minimal threshold for an acceptable wage, which is partially contributing to all

the labor department reported today consumer prices surged more than expected over the past 12 monthsd 7 and a half percent. that's compared to a year ago. inflation is at its highest level since 1982. researchers say the cost of fuel a new cars also soared last year to new highs. coming up next at 5.30, a new law giving states millions of dollars to install electric vehicle charging stations. why the secretary of transportation says it is a game changer. >> and a 76 year-old grandmother is killed in a drive-by shooting. what police are doing to try to find the suspect and join kron four's. we celebrate black history month. join me for our 30 minute special honoring black history. mind body soul. it airs thursday, february 24th airs thursday, february 24th at 06: why hide your skin if dupixent has your moderate-to-severe eczema or atopic dermatitis under control? hide our skin? not us. because dupixent targets a root cause of eczema, it helps heal your skin from within keeping you one step ahead of it. and for kids ages 6 and up that means clearer skin, and noticeably less itch. hide

the newest report from the labor department shows consumer prices shot up 7 and a half percent over thear. that is even more than the economists had predicted. and it is the steepest increase since 1982. >> lawmakers on both sides of the aisle agree the high inflation is hurting working americans, but republicans are putting the blame squarely on the democrats. >> if you haven't personally gotten a pay raise of 8% or more. in the last year. the democrats policies have given you a pay cut. the feds have to step up to the plate and do something the administration has to do. we all have to work together right now to get our financial house in order. if not. >> it's going to be absolutely horrible. what's going to do to american economy. >> analysts say the record inflation actually reinforces the federal reserve's decision to begin raising interest rates in order to slow the economy. states can start applying for billions of dollars to expand electric vehicle charging stations on the nation's highways. today states got the green light to build charging stations from coast to coast after th

because of a worker shortage and in skills -- i worked for bob rice at the labor department -- he always talked about the skills much match. because of the skills mismatch, it is a very positive thing. the opportunity for us to redefine work and to have more balance from an employee and employer perspective is what is happening. i think it is very good for industry. it is good for us who are following and leading. >> lisa, how has adelmann itself adjust is adjusted to what you are saying? >> you know, my colleagues -- i don't use the word employees when i talk about the people i work with -- my colleagues are the most important thing to me. i and if you put profitability first, -- we also talk about purpose. the way that a dome has -- and i have to say i'm very proud that we have didn't have to go forward, with the way that we have made nuance to things, the way we have made some slight pivot to maybe the way we were working. very clearly, it is people first, creating workplaces and workplace environments where people are excited about coming to work, where they believe what they are doi

the labor department noted that wages have increased 4 percent in the last year, marking their fastest rising to decades, but that's nowhere near the rate of inflation, which is sort of its fastest pace in for decades. americans are feeling the impact at every turn, especially when it comes to the most basic cost of living. their rent, rent has skyrocketed across the country by as much as 30 to 40 percent in certain parts of states like texas, new york, new jersey and florida. and those numbers aren't expected to come down anytime soon . so further in depth on this was the ceo of miss l. o. c, and michael pinto, theo of pinto, portfolio strategies. great to have you both on the show today. michael, let's start with you. i know we have gotten to the point where inflation is quite frankly, out of control. but even if the fed does raise interest rate 7 times this year, is that likely to have a major impact on the soaring cost of living? so $7.00 times i can take the under on that one. so how do we get to you are correct. intractable inflation at this point? 7 percent your, your guy. well,

that's why you see biden and harris up there with this victory lap in the department of labor. >> ifking out there and looking for a better job, how much power do you have right now given what we are seeing? >> do you remember -- i love throwing movie scenes at you. was it -- was it that scene in "goodwill hunting," where he walks in and kicks his feet up -- you can't quite do that, you can't be that obnoxious, but unemployment is at 4%, and employers, white collar employers, and hospitality and leisure, they are leaving so much money on the table by not being fully staffed, and if you want paid time off or help with child care, this is probably the best time in decades to assert that. >> can we talk about politics and perception here? the headline coming out of last month's jobs report is the economy was not doing well and it was bad news for the president, and people felt the economy was fought going in the right direction and his poll numbers took a hit. how do you bounce back from that? is this enough to turn things around, or does the perception that things are not good get bake

. >> reporter: the labor department says prices were 7.5% higher in january than a year ago. the largest and fastest increase since ronald regan was in office. from gas to groceries, used cars to electricity, americans are feeling the pinch almost everywhere posing a massive political problem from president biden. >> coming from a family when the price of gas went up you felt it in the household, you knew what it was like t matters. >> he told members inflation has let its peak. >> i think i'll see it change sooner than -- quicker, more rapidly than most people think. >> biden saying it will drop substantially at the end of 2022. >> joe manchin put a dagger in hess billed back better. >> i've been ringing an alarm bell for the last year. nobody has been listening. it's a 7.5% tax on everybody, on every tax you buy. >> reporter: manchin upping the pressure on the federal reserve to act quickly. >> you have to stomp it down. if you don't, it's going to continue to rise. >> republican senator mitch mcdonnell is blaming democrats' policies for its price. every single democrat vot

while the great resignation continues fewer people quit their jobs according to the labor department.signation in december. >>> home depot is going on a hiring spree. the number one home improvement chain said it wants to bring on more than 100,000 worker as head of its busy spring season. to do it they said its launching an accelerated hiring process where worker dear sir get a job offer in as little as a day. >>> starbucks said that profit tootalled $815.9 million but that missed expectations and now they are expected to raise prices again. they blame labor costs and supply chain disruptions. they are have increased prices twice since october. >>> as we get closer to super bowl a lot of people thinking about pizza and apparently there's some controversy when it comes to toppings. >> toppings. right? okay. according to a new survey more than a third of americans hate the sight of anchovies but the pine apple got a thumbs down from 32% of responders and peppers for more than one in four people on the flip side pepperoni was the most popular pizza topping. i'm not surprised that it was

if we got this again next month you could probably start talking about the possibility -- the labor department, electricity, and shelter the largest contributors. food up .9% after a .5% rise in december. energy almost up .9%. electricity was the big gainer there. gasoline and natural gas did go down but we know they have gone up .6%. that is bad news on the horizon. i will let you do the markets. let me find the goods. tom: do the markets. jonathan: i will run through the price action. up six basis point santos go to 1.43. on tens, up to 1.96. an upside surprise on inflation. nasdaq 100 futures down .9%. s&p 500 down .5%. tom: all you need to know, the two year yield up six basis points, the 10 year yield up only two basis point. interesting to see some of the more sophisticated spreads the pros use, will they show inversion. to me the number one thing politically as they will want action at the white house. how does the white house convey to the fed they need action? jonathan: the fed has to go and they have to get a move on. we have one more inflation print before the march decision. march