NPR Business

Economy
4:38 pm
Fri April 5, 2013

California's Unemployment Stuck High As National Average Dips

Originally published on Fri April 5, 2013 6:04 pm

California's economy is a study in contrasts. The state's unemployment rate — 9.8 percent — is tied with Rhode Island for the highest in the country. Parts of the state are still suffering mightily from the housing collapse. But there are also large pockets of job growth and revival.

NPR Story
3:58 pm
Fri April 5, 2013

Although Unemployment Dropped In March, Job Growth Slowed

Originally published on Fri April 5, 2013 6:04 pm

Transcript

AUDIE CORNISH, HOST:

It's ALL THINGS CONSIDERED from NPR News. I'm Audie Cornish.

ROBERT SIEGEL, HOST:

And I'm Robert Siegel.

At first blush, it might seem like good news from the Labor Department this morning: The unemployment rate that has been dropping in recent months fell again. It fell to 7.6 percent in March. But job growth was much weaker than expected. And the main reason that the rate went down is that a large number of people decided to leave the workforce. NPR's Yuki Noguchi joins us now. Hi, Yuki.

Read more
Economy
2:43 pm
Fri April 5, 2013

Honda's Growth Helps Tow Ohio Out Of Recession

Al Kinzer, who was Honda of America's first employee, drives the company's one millionth U.S.-produced car off the assembly line at Honda's assembly plant in Marysville, Ohio, April 8, 1988.
Greg Sailor AP

Originally published on Fri April 5, 2013 6:04 pm

Honda is moving its North American headquarters from California to Ohio. That's just the latest bit of good news for the Buckeye State and Honda, whose fortunes have been closely tied for decades now.

Honda has been an economic heavyweight here since it was lured to central Ohio in the 1970s. The company's footprint is big, and it continues to increase.

Honda's sprawling Marysville Auto Plant opened outside Columbus in 1982. Since then, it has grown to nearly 4 million square feet and now sits on a campus of 8,000 acres.

Read more
Planet Money
1:23 pm
Fri April 5, 2013

The Jobs Report Puzzle

Lam Thuy Vo / NPR

Lots of people are surely looking at today's jobs headlines somewhat puzzled, asking one significant question: How can it be that hiring was much worse than expected in March and the unemployment rate still fell — to 7.6 percent?

The answer isn't a happy one. There are a couple of ways the unemployment rate can fall.

Read more
Economy
12:04 pm
Fri April 5, 2013

Unemployment Benefits Dwindle

Originally published on Mon April 8, 2013 10:19 am

Transcript

MICHEL MARTIN, HOST:

I'm Michel Martin and this is TELL ME MORE from NPR News. Later in the program, we will speak with a Christian leader who's led his church to rethink both its politics and its worship. It's the Reverend Cecil Williams of San Francisco's Glide Memorial Church. He and his wife, who's also a church leader, will join us for a Faith Matters conversation in a few minutes.

Read more
Economy
10:43 am
Fri April 5, 2013

U.S. Job Growth Slows As Jobless Face Benefit Cuts

Applicants complete forms at a job fair in Newark, N.J. Weak U.S. job growth comes at the same time benefits for the long-term unemployed are shrinking.
Mark Lennihan AP

Originally published on Sat April 6, 2013 4:55 pm

The 11.7 million Americans searching for work got discouraging news Friday morning when the Labor Department said employers created only 88,000 jobs in March. The weak job growth comes at the same time benefits for the long-term unemployed are shrinking.

The smaller-than-expected increase in payrolls was a big disappointment, coming after a long stretch of much better results. Over the past year, employment growth has averaged 169,000 jobs a month.

Read more
The Two-Way
8:36 am
Fri April 5, 2013

Job Growth Slows Sharply, But Unemployment Rate Dips

Li-Wen Hung (left) and Whitney Chen were waiting to meet potential employers at a Manhattan job fair earlier this year.
Mario Tama Getty Images

Originally published on Fri April 5, 2013 1:44 pm

  • From 'Morning Edition': NPR's Yuki Noguchi talks with David Greene about the latest employment report

There were just 88,000 jobs added to private and public payrolls in March, the Bureau of Labor Statistics estimates.

But the nation's jobless rate still edged down to 7.6 percent from 7.7 percent. That dip wasn't for a good reason, though: Nearly half a million fewer people were participating in the labor force. That smaller pool meant the jobless rate could tick down even as job growth was weak.

Read more
The Two-Way
6:43 am
Fri April 5, 2013

'Slow And Steady' Jobs Report Expected

Joe Raedle Getty Images

Originally published on Fri April 5, 2013 8:55 am

  • From 'Morning Edition': Yuki Noguchi talks with David Greene

Update at 8:41 a.m. ET.: Job Growth Slows Sharply, But Unemployment Rate Dips

Although economists had been expecting to hear that the U.S. economy added 200,000 jobs in March, the news is out and the number is far less. Just 88,000 jobs were added to private and public payrolls, the Labor Department reports. The jobless rate still edged down to 7.6 percent — but only because nearly half a million fewer people were in the labor force.

Read more
Law
4:31 am
Fri April 5, 2013

Enron's Skilling Could Win Early Release From Prison

Originally published on Fri April 5, 2013 7:30 am

Transcript

DAVID GREENE, HOST:

Now former Enron CEO Jeffery Skilling could be released early from federal prison, as part of a reduced sentencing agreement under consideration at the Justice Department. Skilling was sentenced to 24 years in prison for his role in the collapse of the energy trading giant.

NPR's Wade Goodwyn has more.

Read more
Economy
4:31 am
Fri April 5, 2013

Jobless Date In March: Like A Lamb Or Lion?

Originally published on Fri April 5, 2013 12:31 pm

The Labor Department on Friday reported the nation's unemployment rate inched down to 7.6 percent in March, the lowest rate in four years, mainly due to more people stopping their search for work. In February, the job rate was 7.7 percent.

Pages