John Ydstie appears in the following:
Friday, December 06, 2013
The Labor Department released the jobs report for November on Friday morning. The report showed that 204,000 jobs were added to payrolls last month and the unemployment rate dropped to 7 percent, a five-year low.
Tuesday, November 26, 2013
Major stock indexes have shot to record highs in the U.S. this year, gaining more than 20 percent, and yet economic growth remains at disappointing levels. A lot of analysts say the Federal Reserve's stimulus efforts are behind the stock boom and a possible bubble.
Tuesday, November 19, 2013
Millions of Americans are trying to figure what to do now that their health insurance policies have been cancelled. The policies were cancelled because they didn't comply with President Obama's Affordable Care Act. The president now says insurers who offered substandard policies can continue offering them for one more year. But most insurance companies are still figuring what to do, so it's very difficult for individuals to get reliable information, let alone make a decision.
Friday, November 08, 2013
Employers added 204,000 jobs to payrolls in October. The jobless rate edged up a bit, but that was likely a temporary phenomenon caused by the partial shutdown of the federal government. For more, Renee Montagne talks with NPR's John Ydstie.
Thursday, November 07, 2013
The health care law is helping low- and middle-income Americans pay for their insurance. Where does that money come from? In part, it is a matter of the well-off helping pay for those who have less. But that's not the full answer.
Wednesday, October 30, 2013
President Obama repeatedly said that anyone who likes their current health insurance policy would be able to keep it. But insurers have sent hundreds of thousands of cancellation notices to people who buy their own coverage — and some of them face significantly higher costs to get new policies under the Affordable Care Act.
Friday, October 25, 2013
Relatively few people have enrolled in new health insurance plans since the Affordable Care Act exchanges launched this month. But some health care experts say it's early days yet — and that getting the right proportion of healthy, young new enrollees is just as important as how quickly people sign up.
Wednesday, September 11, 2013
Sept. 15 is the anniversary of collapse of Lehman Brothers, which many see as a watershed moment in the financial crisis. We look back at a time when fear and uncertainty gripped financial markets and policymakers around the world and drove the world economy into the Great Recession.
Friday, September 06, 2013
The jobless rate dipped to 7.3 percent in August as 169,000 jobs were added to public and private payrolls, the Bureau of Labor Statistics estimated. This report has taken on special significance because it could affect the Federal Reserve's plan to begin phasing out its bond-buying program.
Thursday, August 29, 2013
Crude oil prices are up about 20 percent over the past two months. On Tuesday, the price of the U.S. benchmark, West Texas Intermediate, hit $109. Events in Syria are driving the price spike. Syria doesn't produce much oil, but there is great concern that the conflict there might spill over and involve other Persian Gulf nations such as Iran and Saudi Arabia.
Thursday, August 22, 2013
Are federal prosecutors gearing up to file more big mortgage fraud cases? Bank of America was targeted recently, and JPMorgan Chase has disclosed that it is under investigation. Now that banks have returned to profitability, regulators may be more willing to take action. But time may be running out in some cases.
Monday, August 19, 2013
On Monday, President Obama summoned top financial regulators to the White House to get an update on the implementation of the Dodd-Frank Act. The legislation was passed in the wake of the financial crisis and is a sweeping overhaul of the nation's financial regulations. But three years after being signed into law, much of Dodd-Frank still isn't in place. Such is the difficulty of re-writing financial rules.
Thursday, August 15, 2013
Some good news on the jobs front sent the stock market down sharply on Thursday morning. Wall Street is worried the Federal Reserve will soon start to phase-out the stimulus its been providing. The positive jobs news makes that phase-out more likely.
Wednesday, August 14, 2013
The Eurozone economy eked out a positive growth number for the first time in a year-and-a-half. That had some analysts speculating that Europe's long recession is coming to an end.Others think that's too optimistic.
Friday, August 02, 2013
The unemployment rate dropped in July to 7.4 percent as employers added 162,000 new jobs. Renee Montagne talks with NPR economics correspondent John Ydstie about the latest numbers, and what they mean.
Wednesday, July 31, 2013
The economy grew at an annual rate of 1.7 percent in the second quarter. That's better than most analysts expected, but far below the historical average. Federal Reserve policymakers meeting in Washington decided to leave interest rates alone and kept plans to begin phasing out a stimulus program later this year if the economy holds up well.
Tuesday, July 30, 2013
Janet Yellen is on President Obama's short list to replace Ben Bernanke at the Federal Reserve.
Friday, July 26, 2013
Senate Democrats are asking President Obama to nominate Janet Yellen as the next Federal Reserve Chairman. A letter signed by more than 50 senators is being viewed as an attempt to derail the candidacy of former Treasury Secretary Larry Summers.
Wednesday, July 24, 2013
With the new health care law on the horizon, the restaurant industry is looking carefully at the looming health insurance requirements. Some national chains are looking at ways of limiting the new law's impact on the bottom line, while other restaurant owners say the new law won't change much for them.
Thursday, July 18, 2013
Federal Reserve Chairman Ben Bernanke continues his two-day monetary policy testimony on Capitol Hill. On Wednesday, the chairman appeared before the House Financial Services Committee.