Payroll Side News Today

inflation. we will ask a member of the council of economic advisors about rising recession fears. then, former president trump claims he has already made a decision on 2024, he is just not telling anyone yet. we asked rick scott how the timing of that decision will impact the republican party and midterms only on fox news sunday plus our panel breaks down ran neal fox news poll right now on fox news sunday. hello again from fox news in washington. president biden is back at the white h...

inflation. we will ask a member of the council of economic advisors about rising recession fears. then, former president trump claims he has already made a decision on 2024, he is just not telling anyone yet. we asked rick scott how the timing of that decision will impact the republican party and midterms only on fox news sunday plus our panel breaks down ran neal fox news poll right now on fox news sunday. hello again from fox news in washington. president biden is back at the white h...

Under lying that is an economy with the strongest labor market and generations spinning off numbers up 26%. >> lets talk gdp. it was negative in q1. it will be negative in q2. technically, that meets a recession. does the white house acknowledge we are technically in a recession. >> the technical definition is not two quarters of negative gdp but it has to do much more with a number of economic variables. actually doing better right now for payroll growth. they look at payroll growth. consumer s...

With the strongest labor market and generations spinning off numbers up 26%. >> lets talk gdp. it was negative in q1. it will be negative in q2. technically, that meets a recession. does the white house acknowledge we are technically in a recession. >> the technical definition is not two quarters of negative gdp but it has to do much more with a number of economic variables. actually doing better right now for payroll growth. they look at payroll growth. consumer spending. they are actually very...

Our cycle economic team. when we look at these numbers, do you think we should be more worried about the unemployment rate or about the labor participation rate? >> i would say the labor participation rate. it is uniquely depressed. and thats just not a monthly result. the 74,000 on the payroll side, thats a pretty anomalous number. most economists believe and im one of them that that number will be revised up as the bureau gets better information. but the trend in declining labor force particip...

Up or whether or not you think that they are the ones who support the rest of the country and they need to keep their own profits so they can hire people and grow their businesses. >> like it or not, they are going to have a tax increase, january 1st, can you see it, $500 billion. essentially, what happens if those bush tax cuts run out, you knows what, the president right now wants taxes to go up for those individuals making more than 200,000 or couples making more than 250,000. now, you have t...

Position himself as somebody who is most interested in tax cuts and he made republicans sound like the party that was interested in blocking tax cuts. and this was for 160 million americans on the payroll side. republicans want to reduce bunch of other taxes and they will argue were in favor of tax reform, the president isnt. were in favor of reining in spending and theyre not serious about it. but on the matter of politics president made them look like they blocked the tax cuts going in the ele...

Congressman david swik kert is a republican from arizona and serves on the financial services committee. im delighted to say hes joining us now. good afternoon, sir. >> thank you. theres often i find not a lot of joy breaking out here in washington. >> lets see if we can have some. do you support speaker boehner and majority leader eric cantor in agreeing to this payroll tax cut extension? >> on the payroll side, absolutely. what were digging for in our office is whats attached to it. as ive lea...

I think there might it be some republicans is who say no too. >> ed, is that what the governor is trying to do, to end collective bargaining for public employees? >> certainly not on the payroll side. the side never discussed is over the last ten years, taxpayers in wisconsin have put over $20 billion, $20 billion, into the pensions and into the health care. employees themselves have paid less than $500 million. its a gigantic gap between what they pay in and get out. obviously, over the last de...

Bill: stuart varney, fox business network, deeper into the numbers, theyve been out 30 minutes, you find out what? >> 36,000 jobs in january is an extremely weak number, on partially explained by the bad weather that everybody experienced in the month of january. it is only a partial explanation. clearly, job creation in -- job creation in the month of january in america was extremely weak. how do you organize it, however? how do you explain the fact that with such weak job creation, you still g...