0 >> the d.a. decided to bring charges against the transgender teen. >> we will talk about that. it has a lot of different angles. "your money" is next. >> the economy is ready to take flight. will the weakest job growth in years keep the plane on the ground? i'm christine romans. this is "your money." 74,000 jobs created in december. far short of what the economy needs. the unemployment rate fell to 6.7% for the wrong reason. the drop largely from workers discouraged and they left the labor force. 170,000 college graduates simply stopped looking. they no longer count. they are still out of work. who got jobs and who joined the labor force? 400,000 high school graduates with no education said they were hired. we have been warned for years that the rules of economic recovery don't apply here. ken, if we listened to you four years ago, we would be fully healed by now. >> by the way, no. i don't think there was any easy move to make when you are dealt a hand like this. very easy to say i would have done this or i would have done that or infrastructure spend organize bailed out. >> the odds of finding a job if you are out of work for a year are one in ten. the odds of finding a job if you were out five weeks, 31%. that is better. better for the newly unemployed. is that what we will see the recovery look like? >> the big gap with the long-term unemployed which are one-third. the long-term unemployed are having trouble reentering. it is collateral damage of the financial crisis. the shorter-term is normalized more. >> i asked the labor secretary tom perez what we need to do to get people back on the job. listen. >> the most important thing we can do in the short-term for them is to extend emergency unemployment compensation. a requirement of receipt of emergency unemployment compensation is they continue to look for work. the studies show when you don't receive that, you are likely to leave the labor force. >> are the extended benefits masking structure problems? you can extend benefits -- it is a band aid. those are not growing good paying jobs. >> on the other hand, this is an extraordinary recession. it is lasting a long time. extending unemployment beyond the usual makes sense here. it won't necessarily make employment go faster. yes, people look a little longer. it is the fair thing to do in a very unequal economy. >> ken, stay there. it is no surprise americans struggling to find jobs are angry. wall street got their bailout and let's look at what wall streetbailout. the taxpayer funded insurance bailouts for aig and freddie mac and fannie mae. they paid it back. the bailout prevented a complete collapse, but it prompted this in lower manhattan. >> we got sold out. >> the banks got bailed out. >> we got sold out. >> that anxiety and anger permits. let's look at what main street got. americans in their homes with varying degrees of success. working americans got to keep more of their own money thanks to the payroll tax holiday. and the auto bailout kept 1.5 million americans on the job. the government launched a massive expansion of the safety net. in june of 2008, president bush extended unemployment benefits that were provided by the states. that program has been extended 11 times. the cost so far, $225 billion. the obama administration says it kept 11.4 million people out o poverty. ken, the question is did they do enough to keep people? >> the answer is no. we should have kept more of the borrowers in their homes. that would have helped everybody. that would have helped the banking sector indirectly. the mess would not have unfolded as badly. we should have done more infrastructure. this would have lasted a long time. they worry some of it will be spent seven years later. you have to bear in mind nobody knew what was going on. they thought europe would collapse. it could have been worse. if wall street had collapsed, then main street would have been worse off. >> it is easy to be mad at wall street when wall street recovered. >> there is no question there is an important feeling of unfairness that strains our social contract and something needs to be done to make an adjustment to that. there is no debate about that. >> the unemployment benefits program is not the first recession program to end. the payroll tax holiday ended. the food stamps benefits were cut back last year. are we pulling back too soon? >> we are pulling back too soon. food stamps program is the best program out there. >> the republicans are asking for reform of the program and asking for work requirements for people to get food stamps. >> there are details of the program i did not like. i wish food stamps was more narrowly subscribed for more healthy things. the unemployment benefits, i hear the idea that well, we will get higher unemployment if we make it easier for people to be unemployed. we are an extraordinary situation where a lot of people cannot find a job. >> things are getting better? >> i do think so in spite of the embarrassing recent report, the overall news has been good. the united states is doing better than almost everybody else who experienced this crisis. you know, it is the glass might not even be half full, but it is filling. >> ken rogoff, nice to see you this weekend. >> thank you. why do women make less than men? a new study finds men are more competitive, more confident and better negotiators than women. the report by the federal reserve bank of new york shows women and men are not expecting the pay gap to end soon. women expect 19% less than men by age 30. for more stories that matter to your money, give me 60 seconds on the clock. it's money time. >> check out the curves. samsung unveiled the bendable tv in las vegas. the screen exchange shape to enhance viewing. game over for china's ban on gaming consoles. sony, nintendo and microsoft can tap a huge market, but they have to make them in china. the ban started in 2000. chinese officials worried about violent content and potential for moral decay. facebook says it cares about your privacy, but its ceo doesn't talk about it much. a college professor put more than 150 speeches and appearances by mark zuckerberg by a cloud. what did he say the most? people and things. the great liquid gold mystery. velveeta cheese disappearing from store shelves. kraft says it is not sure there is a shortage, but just in time for your super bowl party. are you in the market for a home loan? mortgage rates held steady. the fixed dipped to 4.51%. the 15-year fixed dipped to 3.56%. rates have been on the rise since sum irrelevamersummer. i wouldn't want you to look at the chart. interest rates above 4%. you will see these rise into this year. this perspective is so important when you talk about mortgage rates. here we are right now. imagine the old days of the '80s. you do not miss the mortgage rates we paid in the '80s. we had a uptick in rates, but this will hold back the housing market, but perspective is well below the post-war average of 6.5%. there's your housing market perspective. take that to the house. it's the hack attack that keeps on growing. target now claims 70 million customers had personal data stolen. i'll show you what the hackers are stealing and what you can do right now this moment to protect yourself. i'm here to get the lady of the house back on her feet. 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[so, if you're sleepingne din your contact lenses,. what you wear to bed is your business. ask about the air optix® contacts so breathable they're approved for up to 30 nights of continuous wear. serious eye problems may occur. ask your doctor and visit airoptix.com for safety information and a free one-month trial. healthy diets are hard on your teeth. the truth is a lot of healthy food choices are still high in acidic content. if your enamel is exposed to acid and is in a softened state and you brush it away, you know, then it's gone. i would recommend that they brush with pronamel. pronamel is formulated to strengthen enamel and counteract the effects of acid erosion. they don't need to cut out those foods because they are good for them. but you can make some smart choices. afghanistan, in 2009. on the u.s.s. saratoga in 1982. [ male announcer ] once it's earned, usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection. and because usaa's commitment to serve current and former military members and their families is without equal. begin your legacy. get an auto insurance quote. usaa. we know what it means to serve. of the dusty basement at 1406 35th street the old dining table at 25th and hoffman. ...and the little room above the strip mall off roble avenue. ♪ this magic moment it is the story of where every great idea begins. and of those who believed they had the power to do more. dell is honored to be part of some of the world's great stories. that began much the same way ours did. in a little dorm room -- 2713. ♪ this magic moment ♪ attention target shoppers, 70 million of you lost your name, address and phone number or e-mail address to hackers. the company said friday the data breach affecting holiday customers significantly worse than originally thought. we are not talking about encrypted pins and credit card numbers, but your personal information. susan grant is with the consumer federation of america. susan, target is offering one year of credit monitoring protection for customers. they said they will let you know soon how to get that. is that enough? >> i don't know that it is. first of all, it depends on what kind of i.d. theft protection service they are providing. if it is just credit monitoring, that detects new accounts opened in your name, not takeover of existing accounts. >> i want to know if you think consumers should request new credit cards? go to your bank and say i know i shopped at target. i don't trust what is happening next. can you please change the number on my account? >> i think if consumers using their credit cards between november 27th and december 15th, they should get their credit card numbers changed. not just wait to see if there is fraudlent activity. >> another advice, people should be careful about phone calls or e-mails. i'm here from target to make sure you haven't been breached in the data problem. that is just more scammers coming after you, right? >> that is right. you could get calls or e-mails from scammers pretending to be from target or from their card issuer or theft service. or telling them to click on something to load spyware. >> our information is stored in so many places. someone told me up to 5,000 places, my financial life is floating around at any given moment. if it means taking a hit for the financial companies, will they spend more money and make sure it doesn't happen again or are the hackers so sophisticated? >> it is not only losing money, but customer confidence. that is fatal for businesses. so they need to be able to convince consumers that they are taking every measure that they can to keep their data secure. >> susan grant, thank you so much. really good advice. avoid the e-mails that look like they are from target and avoid the phone calls that are from a scammer and change your credit card number. thank you, susan. if you are one of the 70 million target shoppers that were compromised, go to cnn.com/yourmoney for advice. coming up, you run a race and you pass the person in second place, which place would you be in now? if you know the answer, there may be a job for you. c explore what's new. for 575 calories or less on our lighter fare menu. enjoy fresh tossed. go fish. and try our new rosemary garlic chicken at olive garden. legs, for crossing. feet...splashing. better things than the joint pain and swelling of moderate to severe rheumatoid arthritis. if you're trying to manage your ra, now may be the time to ask about xeljanz. xeljanz (tofacitinib) is a small pill, not an injection or infusion, for adults with moderate to severe ra for whom methotrexate did not work well. xeljanz can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal infections and cancers have happened in patients taking xeljanz. don't start xeljanz if you have any infection, unless ok with your doctor. tears in the stomach or intestines, low blood cell counts and higher liver tests and cholesterol levels have happened. your doctor should perform blood tests before you start and while taking xeljanz, and routinely check certain liver tests. tell your doctor if you have been to a region where certain fungal infections are common, and if you have had tb, hepatitis b or c, or are prone to infections. tell your doctor about all the medicines you take, and if you are pregnant, or plan to be. taken twice daily, xeljanz can reduce the joint pain and swelling of moderate to severe ra, even without methotrexate. ask if xeljanz is right for you.