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Welcome back, everybody. the labor department released new monthly unemployment numbers yesterday and the jobless rate is down to 6.6%. a five-year low, but experts, some do, say this number is misleading because thousands of people have been leaving the workforce each month reducing the number of people the government counts as unemployed. so what does this really say about the state of the economy? joining us now to weigh in on this is john tammany of re realclaremarkets.com. >> great to be here. >> 6.6 is better than 14% unemployment rate. it seems like things are getting better. >> yeah, b...

Upward and the previous month, too. so over the last year two million job add. that's not a -- a slow-moving recovery, truly, but it's a recovery. >> shepard: are you starting to feel it? recoveries are things that sometimes you feel in your own community. new york is not representative of the rest of the nation, i know. there's a lot of movement in our industries. my family is in mississippi. it's booming. there are more jobs. everything feels better. >> the housing mark is showing that. so almost across the board you're seeing housing prices rise, in places like new york city, really rising....

Out how i can do so. here is clearing lumber. he may not get a tax deduction. you do it because you want to. all of you who helped charities, shout out to you as well. >> john: got a hankering for trees, i got one for him to look at. >> small businesses did add workers in march. the fastest pace of year but don't expect that to continue. that is the word from the national federation of independent business in the latest survey which say firms have cut back plans to hire over the next few months. a fight in country here in washington. details coming up next. these kids let the cars at home for ...

Activity. one guy can make it better or cheeper. that increases activity . the other people compete and hire more people and create more jobs to do it better. every time you are doing it better you are creating economic activity and that is best for everyone. >> is that best for workers or business. >> it is great to be productive but a boss can only squeeze so much out of you and at some point companies will have to add workers. productivity increase is a leading indicator of additional creation. we want to get paid for the productivity. i will you what. that ising from one of the

The right direction. >> when it comes to the payroll tax holiday extension and expansion, i had a democratic congressman on, western pennsylvania, one of those types of democrats that you need to have the support of to get these, it seemed that he believed there was enough money there that you could pay for the extension but paying for the expansion may be tough. would the administration simply accept the extension and put off the expansion? >> you know, the president made a proposal to cut the payroll tax in half in this coming year on employees and also on small businesses throughout the cou...