Economy

'Cliff' Deal Would End Payroll Tax Holiday

As part of the "fiscal cliff" deal moving through Congress, a two-year-old payroll tax holiday comes to an end. Under the tax holiday, the 6.2 percent payroll tax was cut to 4.2 percent for all American workers. NPR's John Ydstie talks about what the change will mean for employees and the economy.

What Is A Good Unemployment Number, Really?

On Friday, new unemployment numbers will be released for December. In last month's report, the unemployment rate dropped to 7.7 percent, a four-year low. For a preview of the labor market prospects for the new year, Steve Inskeep talks to Nariman Behravesh, chief economist at IHS Global Insight, an international consulting firm.