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News Articles: Economy

A customer walks by a "now hiring" sign posted in front of a store in Novato, Calif., on April 7, 2023.

Tagged as: 

  • Economy

In a surprise, the job market grew strongly in April despite high interest rates

The U.S. job market may be getting a second wind. Employers added 253,000 jobs in April, a modest uptick from the month before. The unemployment rate dipped to 3.4%.

May 05, 2023
|
By:
  • Scott Horsley
GPB  NPR

Tagged as: 

  • Business

U.S. employers added 253,000 jobs in April, Labor Department reports

The jobs figure is significantly higher than most forecasters expected. But the outlook for the labor market remains uncertain due to banking turmoil and rising interest rates.

May 05, 2023
|
By:
  • A Martínez and
  • Scott Horsley
Unaccompanied immigrant minors wait to be processed by Border Patrol agents after they crossed the Rio Grande into south Texas on April 29, 2021.

Tagged as: 

  • National

Amid a child labor crisis, U.S. state governments are loosening regulations

New York Times journalist Hannah Dreier says hundreds of thousands of immigrant kids are working illegally. Washington Post reporter Jacob Bogage explains how states are loosening child labor laws.

May 04, 2023
|
By:
  • Tonya Mosley
Federal Reserve Chair Jerome Powell speaks during a news conference at the Federal Reserve in Washington, D.C, on March 22, 2023. The Fed raised interest rates again Wednesday but signalled it may be the last hike for a while.

Tagged as: 

  • Economy

The Fed raises interest rates again in what could be its final attack on inflation

The Federal Reserve raised interest rates by a quarter percentage point Wednesday in an effort to curb persistent inflation. It was the tenth rate hike in 14 months, and possibly the last for a while.

May 03, 2023
|
By:
  • Scott Horsley
Then-President Barack Obama speaks alongside then-Treasury Secretary Jacob Lew in June 2016.

Tagged as: 

  • Politics

Jack Lew had a front-row seat to debt ceiling fights under Obama. Here's his advice

The U.S. came dangerously close to defaulting on its debt in 2011. Jack Lew, chief of staff and then treasury secretary under President Obama, offers some advice to the current administration.

May 03, 2023
|
By:
  • Rachel Treisman
Firefighters spray a house in mid-demolition to keep dust down during the destruction of the 500th blighted structure in two years in Macon Tuesday. 

Tagged as: 

  • Economy

Officials in Macon-Bibb County celebrate the demolition of 500 derelict houses

Officials in Macon-Bibb County celebrated a trio of milestones Tuesday brought about by the demolition of dilapidated housing. 

May 03, 2023
|
By:
  • Grant Blankenship
Miriala Gonzalez, a registered nurse in Miami, carries a monkeypox vaccine. A new survey highlights major concerns from nurses nationwide regarding future staffing levels in hospitals.

Tagged as: 

  • Health

Nearly a third of nurses nationwide say they are likely to leave the profession

Unions representing nurses say the findings from the latest AMN Healthcare survey are not a surprise. The nurses unions have long warned about problems facing the profession.

May 02, 2023
|
By:
  • Jaclyn Diaz
Cook employees Ryan and Shelby Bixler stand in front of the house they're buying from the company. They say they never could have afforded a new place like this at the full market price.

Tagged as: 

  • National

Would you live next to co-workers for the right price? This company is betting yes

Businesses like Cook Medical in Indiana say the housing shortage makes it harder to recruit and keep middle-income workers. Now, more companies are building places for employees to rent or even buy.

May 02, 2023
|
By:
  • Jennifer Ludden and
  • Marisa Peñaloza

Tagged as: 

  • Economy

This company adopted AI. Here's what happened to its human workers

A group of economists conducted one of the first empirical studies of "generative AI" at a real-world company. They found it had big effects.

May 02, 2023
|
By:
  • Greg Rosalsky
Treasury Secretary Janet Yellen, seen here on April 13, warned on Monday that the federal government could default on its debt as early as June 1 unless Congress raises or suspends the debt ceiling.

Tagged as: 

  • Politics

The U.S. could run out of cash to pay its bills by June 1, Yellen warns Congress

Treasury Secretary Janet Yellen warned lawmakers that unless the debt ceiling is raised soon, the federal government may not have enough money to pay its bills as early as June 1.

May 02, 2023
|
By:
  • Scott Horsley
Research over the decades has consistently shown that women face a weight bias in the workplace that's proving hard to reverse.

Tagged as: 

  • Economy

The weight bias against women in the workforce is real — and it's only getting worse

Study after study shows women seen as overweight or obese often earn less at the workplace, an unfair bias that's been hard to reverse. However, men don't seem to face that penalty.

April 30, 2023
|
By:
  • Pallavi Gogoi
GPB  NPR

Tagged as: 

  • Economy

Congress has revised the debt ceiling 78 times since 1960. An expert explains why

NPR's Scott Simon speaks with author and Johns Hopkins University financial history professor, Kathleen Day, on the history of the debt ceiling.

April 29, 2023
|
By:
  • Scott Simon and
  • Lennon Sherburne
A security guard at Silicon Valley Bank monitors a line of people outside the office in Santa Clara, Calif., on March 13, 2023. The Fed admitted it was partly to blame for the collapse of the lender in a scathing report on Friday.

Tagged as: 

  • Business

The Fed admits some of the blame for Silicon Valley Bank's failure in scathing report

The Federal Reserve says its own light-touch approach to bank regulation is partly to blame for the collapse of Silicon Valley Bank last month, and it promised more vigorous oversight in the future.

April 28, 2023
|
By:
  • Scott Horsley
President Joe Biden and Speaker of the House Kevin McCarthy walk outside the U.S. Capitol at a Saint Patrick's Day event in March. The two haven't discussed the debt ceiling since February.

Tagged as: 

  • Politics

Republicans hope McCarthy's bill gives him leverage in debt ceiling standoff

House Republicans narrowly passed a bill linking a debt ceiling raise to spending cuts, which Biden says he would veto. A political historian explains why he may have to make some concessions.

April 28, 2023
|
By:
  • Rachel Treisman
Federal Reserve Chairman Jerome Powell arrives for the plenary of the International Monetary and Financial Committee (IMFC) meeting, during the World Bank/IMF Spring Meetings at the International Monetary Fund (IMF) headquarters in Washington, Friday, April 14, 2023.

Tagged as: 

  • National

Pranksters posing as Ukraine's president tricked the Fed chair into a phone call

The Fed chairperson was tricked into an extended phone call in January with Russian pranksters posing as Ukraine's president, during which the discussion focused on the impact of interest rate hikes.

April 28, 2023
|
By:
  • The Associated Press
  • Load More

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