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I'm charles payne in for neil cavuto. susan li has more on what's driving the inflation surge. susan? >> charles, that's right, get used to the higher prices. they'll be here for a while. you're paying the highest price jump in 40 years in december. consumer prices as you mentioned rising 7% last month. that is the highest year over year increase since the summer of 1982. prices rising almost twice as much as wages were last month. so there's still sticker shock at the stores. food prices were up 6%. filling up your gas tanks cost more than a year ago and used cars are fetching premium pricing...

Dynamism. potentially with better wages and benefits and a lot more opportunity to do that in this economy. the other thing we're seeing is 30% increase in applications to start new small businesses. we're seeing extraordinary small business creation. some of those people are quitting their jobs to take on a new innovation, a new idea. so the number of quits needs to be seen in the overall number of people getting employed. as this report underscores, the overall number of people employed in this economy is not only growing but coming back at a much faster pace than prior recoveries. we still ...