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It up on the screen. astronomical numbers people ages 25 to 34 are facing. $15 million outstanding, 477 billion the average per student, 31,000, charles. a big discussion what to do about this. where do you land? 1.5 trillion of student loan debt. the federal government created this problem when president obama took over and took it from banks, idea we would rubber stamp all student loans. tuition went through the roof when that happened, colleges got bigger, campuses got bigger, so did the loan get. and my problem with the cancelling all debt. 70% of folks with professional degrees owe money. on average, $199,000. you say oh, that s so much money. and their lifetime on average, make 3.6 million. put it to you this way. ....
Transcripts for FOXNEWS The Ingraham Angle 20220108 03:23:30 archive.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archive.org Daily Mail and Mail on Sunday newspapers.
We have the december jobs report today. the unemployment rate fell to a pandemic era low of 3.9% in december but jobs fell short of economists expectations again. the u.s. economy added 199,000 jobs in december. the fewest jobs added in any month of 2021. now economists had forecast jobs growth of double that number. even so, 2021 saw record-breaking job growth and lower than expected gains from previous months that were revised upward. the u.s. averaged 6.4 million jobs last year the most since the records began in 1939. and this morning the president addressed the record number of workers who quit their jobs in november. there has been a lot of press coverage about people quitting their jobs. well today s report tells you why. americans are moving up to better jobs, with better pay, with better benefits. ....
david: well, more fuel for the argument that the president s mishandling the economy with a very disappointing jobs number on friday. employers adding just 199,000 new jobs in december, that is less than half the number that was expected. wages rose again, making it even harder for businesses to hire and for the fed to get overall inflation under control. let s bring back our panel, bill mcgurning kim strassel and kyle peterson bill mcgurn. kyle, digging into the numbers, it s bad for both employees and employers. it s bad for employees because even though wages went up, it s still below inflation, so they re underwater when you consider inflation. but inflation is still enough in terms of wage inflation for small businesses not to be able to hire new employees. so both the employers and the employees are getting screwed by these numbers. right. and it s a real problem for the ....
Very, very soon. brandon tropsmeyer, good to speak with you. we ll see how it ends up. appreciate your time. thanks for having me. sandra: more on that with shannon at the top of the hour, and on to jobs report friday, brand-new jobs report came out this morning and considered dismal to end 2021 for president biden. economists did expect the u.s. would add 400,000 jobs the month of december, but actually ended up only adding half of that, just 199,000 jobs. jacqui heinrich is live on the north lawn for us. jacqui, the president spoke on this earlier. did he acknowledge this major miss? short answer sandra is no. the president was quick to point out the highlights in the jobs report, pointing out that the unemployment rate fell faster than expected, and he also pointed out 6.4 million new jobs were added since january of last year. but he glossed over that ....