and what this means is julia pollack chief economist at ziprecruiter julia, thanks for being here. all right. we do have a lot to get to today. so let's start off with the latest data from the bureau of labor and statistics. it exceeded expectations when it came to job growth. the door the dow from what we know apparently soared as a result today. what are some of those other key takeaways from the report that we can get? i think we're having a little bit of an audio issue on your end. i'll give you just a moment to adjust your audio. okay know obviously with our work at home culture and doing a lot of zoom the past couple of years, undoubtedly we still have technical issues. oftentimes that mute button is still on. there we go. i can hear you now. >> can you? >> okay, great. i just i usually use a yeti speaker, but i'm moving back to the laptop. so here we go. um this is this is the beauty of live tv. >> so let's get right to it. >> this was a very mixed report. yes, the top line number looked like a blockbuster when the report first dropped, but under the hood, uh, there are very

let's bring in zip recruiter or chief economist julia pollack. gerri went over all of these things, right, that we've got coming into this number tomorrow, ands it is perplexing, it's confusing. how are you navigating all these conflicting signals? >> well, you'll have the effect of streaks in there as well. boeing machinists' strike, the effect of storm and also seasonal adjustments. october is a month in which employment usually grows by about a million, but the early signs from the jolts report are that holiday hiring this year is pretty slow. maybe because seasonal patterns have changed since the pandemic or because, well, restrictive monetary policy does slow things down. charles: now, i know that the you have been concerned, you know, all along with the growth, the concentration of gains that we've seen so far. explain that to the audience. >> absolutely. so not only over the past two quarters have we seen job growth slow below the pre-pandemic average, but we've also seen those gains become very narrowly concentrated in just a couple of su

joining me now, zip recruit or chief economist julia pollack, heritage foundation economist and formere moore, chief investment officer louis navalier, manpower group chief commercial officer becky mankowit dis, also charles payne and rebecca waltz or. charles was talking about revisions, we've had them every month. give us your expectations as we we await the jobs report. >> yeah, charles is spot on. these numbers are just like a yo-yo going up and down and all over the place. you have two different surveys that survey households, survey establish wherements. they've been divergent. i think we're going to -- i would bet on turned on that 180,000 job number probably because the household number last month, you know, was lore than the other one with. -- lower than the other one. there's also a tine -- sign of a slight slowdown in the economy, and you've seen more layoffs announced in the haas month. cheryl: yeah. it's interesting, julia, because we were talking about the type it is of jobs that were out there, and, you know, we were saying it's government jobs, it's health care, it's so

. >> the selloff was caused by a myriad of factors, says economist julia pollack. pollack says some of those factors include weaker earnings over the past few weeks, the expectation that the federal reserve will begin to quickly cut interest rates, as well as the lackluster jobs report on friday. >> the private sector, excluding health care and social assistance, added only 33,000 jobs in this last report and that is well below the 137,000 average between 2015 and 2019. >> despite a rising unemployment rate, pollack says joblessness remains historically low at close to 4%. she thinks despite the panic on wall street monday, the economy will not enter a recession in the near future. pollack attributes much of the slowdown to the fact that the economy soared following the pandemic, with decades high gdp and inflation growth. >> as a result, normalization has looked like a pretty steep drop, but from unsustainable heights. >> those views were also shared by bree mason, a bay area based financial adviser. >> don't panic. stay calm. investing is long term, mason says. >

zip recruiter's chief economist julia pollack. julia, what are those early indicators?ording to zip recruiter data have actually ticked downwards. for the last four weeks, we've also seen the job-seekers confidence index, confidence board consumer index, of the ever michigan consumer index all slide in the last month and all manufacturing indicators have been pretty weak recently. the industrial side of the economy is not doing really well. charles: what surprised me a lot of money is poured into the industrial side of the economy. i'm overweight in industrials, partly because of all the money sloshing around. spending less than expected, ism three months to the contraction, i have to worry about the overall economy, obviously that would mean jobes in general, right? >> a lot of that money has gone into manufacturing construction and some of these construction facilities of microchips will take five and 10 years to build. they're still very much in the building phase t will take years for those to materialize into jobs. charles: i've been reading about so-called ghost j

. >> the selloff was caused by a myriad of factors, says economist julia pollack.s some of those factors include weaker earnings over the past few weeks, the expectation that the federal reserve will begin to quickly cut interest rates, as well as the lackluster jobs report on friday. >> the private sector, excluding health care and social assistance, added only 33,000 jobs in this last report and that is well below the 137,000 average between 2015 and 2019. >> despite a rising unemployment rate, pollack says joblessness remains historically low at close to 4%. she thinks despite the panic on wall street monday, the economy will not enter a recession in the near future. pollack attributes much of the slowdown to the fact that the economy soared following the pandemic, with decades high gdp and inflation growth. >> as a result, normalization has looked like a pretty steep drop, but from unsustainable heights. >> those views were also shared by bree mason, a bay area based financial adviser. >> don't panic. stay calm. investing is long term, mason says. >> it's impor

julia pollack, steve moore, joe lavorgna, john lonski, cheryl casone, we so appreciate it.c weekend, everybody. i will see you tonight on maria bart row -- bart with row me's "wal

steve moore, louie, julia pollack, john lonski, cheryl casone.ings time starts this weekend. turn your clocks ahead one hour, spring forward, and i'll see you tonight on maria bartiromo's "wall street." "varney & company" picks it up. stu, take it away. stuart: good morning, everyone. two big stories, the state of th

we so appreciate all of you, julia pollack, joel shulman, steve moore, john lonski and cheryl casone.s, not on fox news, 10 a.m. eastern live. i will be here, and i hope you will be too, and we will talk with the arab-american mayor who recently endorsed president trump, and we will also talk with senator ted cruz and lara trump. have a great weekend, everybody. varney and company ten picks it up. stu, take the it away.

steve moore, louie, julia pollack, john lonski, cheryl casone. don't forget, daylight savings time starts this weekend. turn your clocks ahead one hour, spring forward, and i'll see you tonight on maria bartiromo's "wall street." "varney & company" picks it up. stu, take it away. stuart: good morning, everyone. two big stories, the state of the union speech and the latest on jobs. let's start there, because we just received the report. this is news. 275,000 jobs added to the economy in february. that is way down from the reading in january. the unemployment rate, that kicked up to 3.9%, but that still is historically a low rate. here's the market reaction to that. stocks picked up when those numbers were release. they had been down, markets were down, dow up maybe 4, s&p up 12, but the nasdaq 40 points ahead in the early going. the 10-year yields, they're coming down. very close to the 10-year, to 4 even. you now at 4.07. down just a fraction after those inflation numbers -- jobs numbers. the 2-year, 4.48%. yields down across the board on those j

we so appreciate all of you, julia pollack, joel shulman, steve moore, john lonski and cheryl casone. thank you for joining us this morning. don't mis"sunday morning futures" this sunday on fox business, not on fox news, 10 a.m. eastern live. i will be here, and i hope you will be too, and we will talk with the arab-american mayor who recently endorsed president trump, and we will also talk with senator ted cruz and lara trump. have a great weekend, everybody. varney and company ten picks it up. stu, take the it away. stuart: here it is, the last big report on the economy before the election, yes, it's jobs day. in october only 12,000 jobs were added to the economy, the low number in about four years. some effect from the hurricanes and strikes built into this very low number. the unemployment rate stayed at 4.1%. there's political significance to this. clearly, a weak labor market right before the vote is. all right. now the market reaction coming after a sharp selloff yesterday, thursday. the dow up this morning maybe 200, s&p up about 25, 26. the nasdaq up about 85 points. quickly

julia pollack, steve moore, louis, becky and rebecca walser, guys, thank you so much for all of you joining me today the on this jobs report. that is out for me on this friday, and i want to relate you all know -- let you all know that maria will be back on monday right here on "mornings with maria" on fox business. coming up right now, "varney & company" is away, and, stuart, take it away with, sir. stuart: if you insist. good morning, cheryl. great stuff. good morning, everyone. let's get straight to the jobs report. it's important. it gives a punt hint of where interest rates are going and how your investments might perform. 216,000 jobs added to the economy last month. the unemployment rate finished the year unchanged at 3.7%. now, put it all together and i'll call that a strong report. and here's the market reaction. dow industrials, s&p 500, nasdaq all on the downside. not by much, but there's red ink on the left-hand side of the screen because that was a strong report. now here's the key, the yield on the 10-year treasury, it's going straight the up. look at that, well above 4% on th

julia pollack, steve moore, joe lavorgna, john lonski, cheryl casone, we so appreciate it. have a fantastic weekend, everybody. i will see you tonight on maria bart row -- bart with row me's "wall street" tonight, right here, 7 p.m. eastern. "varney & company" picks it up now. stuart: good morning, everyone. the numbers are in and, yes, the markets are, indeed, reacting. looked at this, 175,000 jobs added to the economy in april. that is far fewer than the 700,000 plus -- 300,000 plus we saw in march. the jobless rate want up to 3.9%. now, this is a weaker performance than expected, and everybody wants to know what this does to the federal reserve's interest rate strategy. here's what it's doing to the market which was higher before the numbers were released, now it's the much higher. dow industrials, let's see, what have we got -- sorry, let's deal with or -- i'm going to deal with apple in a a minute. look at the futures first of all. we're up 477 points on the dow, 56 points for the s&p and the nasdaq roaring ahead by 270 points, that's 1.5% for the nasdaq. big gain righ

joining me is julia pollack.. >> the estimate is 214,000, but you have a different forecast. what is your forecast and why? >> well, let me unpack that number for you for a second. the magic number to watch is 284,000. if that's what we get, then the fourth quarter is on pace to show stable job growth since the second quarter the second quarter and third quarter were basically flat at 148,000 monthly gains. so if that's the average -- if that's what we get, we're averaging on that pace for q4. what economists are basically saying that this 214,000 estimate, the slowing trend that we saw over the course of the year is continuing and what i'm most nervous about is the breadth of job gains is continuing to narrow they have been extremely narrowly concentrated over the last couple of months. we can see a lower number than that >> so you think we could see a lower number than 214,000? let's get to what you're talking about is the job gains narrowing. there are certain sectors that are driving the gains, things like ho

we talked live with julia pollack, a chief economist at ziprecruiter, about whether that trend will lastecause productivity growth is so high, we should be able to sustain wage growth like this without it. >> you know, adding more inflationary pressure to the wage market. uh- typically nominal wage growth of around 3.5% is what the fed would want to see with 2% inflation. that gives workers a 2% bump to keep their wages, uh, you know, level of prices. but an additional bump as well to reward them for productivity growth. >> the report is crucial for the federal reserve as it considers cutting interest rates as early as march or may. >> the us supreme court will hear the appeal of former president donald trump's disqualification from the colorado gop primary ballot, and we'll probably hear it quickly. we're told colorado barred trump under the 14th amendment, saying he engaged in insurrection on january sixth. and yet trump is among the list of candidates certified by colorado secretary of state. today was the deadline, and tomorrow marks the third anniversary of the deadly january sixth

julia pollack, it's time for the fed to declare mission accomplished.urn to the employment part of its monday date. the inflation numbers could be receding now and the data on real economic activity forefront on the minds of the fed and investors. sara, maybe we could take off october. we haven't done it in four years. maybe we could do it. >> now, the jobs reports, that we don't caktake off anyway. thank you, steve. steve liesman. >>> our next guest thinks the fed should have cut rates at the last meeting. allen blinder, he joins us now. the question is, if they were late, and it's hard to know that, should they go more now? and i think today's inflation report, they are sticking inflation. not sure it's suggested they should do a double or emergency cover, does it? >> i don't think so. i think an emergency cut -- it's not warranted by the data. it's not like the economy is in a nose dive or anything. it's in quite good shape. it would suggest panic at the federal reserve. i don't know why they would want to give a false signal, that they were panicky.