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Manhattan Institute senior fellow Diana Furchtgott-Roth weighs in on the jobs report in January and creating jobs in 2013.
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Yeah -- this fact despite the fact that 157000.
Jobs were created.
We've got a guest who says the labor market is still in poor shape and she's focused on ways to create jobs this year.
They and -- -- got rocked Manhattan institute's senior fellow joins us now -- before we get to our list your list.
What bothered you the most in this report today.
-- Well first of all the unemployment rate went op events more Americans who are -- -- -- and second the pace of job creation was very slow.
At this rate will only get back to six point 5% unemployment in January 2017.
And the Fed says that it's going to continue to prime the pump until the unemployment rate goes down to six point 5%.
So January 27 -- that's probably why the markets went up.
What's the biggest reason Diana that that companies -- just not hiring right now what can be done to get the -- rolling.
Well 11 reason is a new health cat -- which places attacks of 2000 dollars -- was -- beginning January 12014.
Off on each -- -- cut above 49.
If the -- is an offering the right kind of health insurance seven many employers moving from 49 -- to fifty -- Is going to cost them 40000 dollars in yet.
Because the fuss that the exempt.
That's a serious impediment to hiring more was because you can bet the companies were around 45 right now -- thinking I'm not gonna -- month and another two or three.
Companies that are on 52 -- thinking of shedding.
And that's how -- why we're seeing a lot of temporary help increases you know we've been talking so much lately that immigration reform.
How does that play into our creating jobs in this country.
Well a lot of people would say we have high unemployment why do we need more immigrants but we need more immigrants because it makes our economy more efficient.
Their entrepreneur does overseas who -- -- come he asked.
And it's that businesses and create jobs in the high native born Americans we need to make sure that they have legal visas to get in and blood.
And there are a low skilled workers who want to come here and held off on this would that crops so that we don't have to have off farms off.
Of a -- so we don't have to be importing more produce from places like Chile.
And -- -- yeah.
Like bloodshed in Washington State for example could not find enough was because this past -- To pick that crops so high skill and low skilled immigrants both benefit our economy.
Make -- more efficient.
Create jobs the native born Americans but does that mean -- we have to look outside of the US to find the next Jerry Yang hello Sergey Brin.
Well Rivera -- -- percentage.
Of -- companies that it created by foreign born talent says PayPal -- Yahoo! does Google.
And they're -- says that allow farthest to -- -- If they create jobs -- -- the as the native born Americans they get permanent residency.
So that's win win for us if they create jobs we given citizenship if they don't they go back com.
So we should definitely be expanding these these.
Yes it's not about lowering the minimum wage in stopping the war on fossil fuel is two things we talk about often around here Diana -- -- -- got crop thank you so much for being when asked.
Great to view India you know lot of good points made it's minimum wage and especially.
Yeah AM no need to pay the kids seven dollars in new job aside and they get replaced too often with machines because it's cheaper alright.
