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Jobs

The Takeaway

Markets React to Better Than Expected Jobs Report

Friday, August 05, 2011

The stock market opened higher than expected this morning, as markets reacted to the strongest jobs report since April. A report from the Labor Department showing that the economy added 117,000 jobs in July, bringing the unemployment rate down to 9.1 percent is buffering the U.S. stock market so far against the sharp sell offs around the globe yesterday. Yesterday was the worst day on Wall Street in three years.

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WNYC News

July Jobs Report Better Than Expected, But Fears Linger

Friday, August 05, 2011

There was a glimmer of good news Friday morning in the U.S jobs report, which beat many forecasters’ estimates. Speaking in Washington, President Barack Obama said “We are going to get through this. Things will get better and we are going to get there together.”

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The Takeaway

Congress Reaches FAA Deal, Easing Pain on Thousands of Furloughed Workers

Friday, August 05, 2011

Senate Majority Leader Harry Reid announced Thursday that Congress has struck a deal to fund the Federal Aviation Administration, ending a weeks-long partisan impasse that kept 4,000 FAA workers off the job, and tens of thousands out of work in airport construction. The Senate will ensure that a deal can be made before lawmakers leave for August vacation, and the bill will fund the agency through September 16.

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The Takeaway

More Worries Over Weak Economy

Thursday, August 04, 2011

"We do not believe there is a threat there of a double-dip recession. We believe that economy will continue to grow," White House Press Secretary Jay Carney said yesterday. But some economic indicators are painting a different picture. While the private sector added 114,000 jobs in July, layoffs in the U.S. reached a 16-month high. Meanwhile, the Department of Agriculture says the more Americans are receiving food stamps than ever before. The Pew Research Center released a study last month finding that women are having more difficulty than men re-entering the work force. All of this news comes on top of the figures released by the Commerce Department last Friday showing that the economy has only grown by a dismal 1.3 percent.

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The Takeaway

Despite Debt Deal, Economic Outlook Remains Bleak

Wednesday, August 03, 2011

Despite Congress finally passing a debt deal and President Obama signing off on the plan yesterday, the national mood was not celebratory. It's been a bad week for the economy, and it appears that it will only get worse. Last Friday, G.D.P. data showed disappointing economic activity in the nation's second quarter, and this week the Commerce Department released a report showing consumer spending fell in June. New employment figures, the economic indicator used to gauge growth, will be released Friday, and many are expecting them to be dismal.

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The Takeaway

How the Debt Ceiling Compromise Will Affect Unemployment

Tuesday, August 02, 2011

The new debt ceiling compromise comes with $2.1 trillion in cuts over the next decade. With the flailing economy and anemic job market, how will these cuts affect unemployment? When it comes to jobs, are there any sure-fire professions or regions of the country left? Beth Kobliner talks about what segments of the economy we can expect to expand in the new climate and what will suffer. In addition to being the author of "Get a Financial Life," Kobliner is also an appointee to the President’s Advisory Council on Financial Capability.  

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The Takeaway

Are Blue Collar Jobs the Answer to the Shrinking Black Middle Class?

Friday, July 29, 2011

This week, we've been talking about the impact of the recession on the wealth of minority groups in America. Early in the week a new Pew Research Center report showed that Hispanics were the group hit hardest by the recession, with a 66 percent drop in personal wealth, and African-Americans saw a 53 percent decline since 2005. The public sector is the leading employer for African-American men, and the second-largest employer for African-American women — which means public sector lay-offs have disproportionately affected the black middle class. What is the solution?

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The Takeaway

Jobless Claims Fall to Lowest Levels in Four Months

Thursday, July 28, 2011

Amid all of the doomsday talk this week about the debt ceiling, there is a flicker of hope for the U.S. economy this morning. Weekly jobless claims dropped below key 400,000 level for the first time since early April — a sign of stable job growth. Tomorrow, the government is expected to report that the economy grew at a 1.8 percent annual rate.

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The Brian Lehrer Show

Housing Economics

Wednesday, July 20, 2011

Home sales are down, according to numbers released today. Felix Salmon, finance blogger for Reuters, looks at the stats and how housing and jobs intersect, as well as the ongoing debt ceiling negotiations.

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It's A Free Country ®

Housing Numbers and the Debt Ceiling

Wednesday, July 20, 2011

[P]eople are getting over this American dream of homeownership. They realize it can turn into much more of an American nightmare—that a house, in reality, is much more of a liability than an asset, and people prefer to rent than to own.

Felix Salmon, finance blogger for Reuters, on The Brian Lehrer Show.

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The Brian Lehrer Show

Creating Jobs Around the World

Tuesday, July 19, 2011

How do other countries create jobs? Michael Schuman, Hong Kong-based Time Magazine correspondent, blogger and author of The Miracle: The Epic Story of Asia's Quest for Wealth, examines this question and follows up on a claim made by Dr. Henry Kissinger on The Brian Lehrer Show about Germany's job creation.

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The Brian Lehrer Show

Farm Bill 2012

Friday, July 15, 2011

With corn subsidies for ethanol in play, President of the Environmental Working Group Ken Cook previews the next iteration of the Farm Bill, which is due sometime in 2012.

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The Brian Lehrer Show

Economic News Round-Up

Friday, July 15, 2011

Diane Swonk, Chief Economist for Mesirow Financial, and WNYC business and economics editor Charlie Herman discuss the debt ceiling negotiations, recent jobs numbers, and other economic news.

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The Takeaway

Listening to the Stories of the Long-Term Unemployed

Wednesday, July 13, 2011

We have been hearing stories of struggles in the job market and small triumphs this week on The Takeaway. We’re asking listeners to tell us their stories of how unemployment has affected their lives. 

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The Takeaway

Checking In On the Long-Term Unemployed

Tuesday, July 12, 2011

As Washington battles it out over the deficit and the August 2 deadline to raise the debt ceiling, there is another important economic discussion happening across the country. Last week, the unemployment rate reached 9.2 percent, and by the end of this year money for many jobless benefits will disappear. As lawmakers haggle over the debt ceiling in Washington, are they failing to address the jobs crisis?

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The Takeaway

As Unemployment Benefits Expire, How Will the Economy Fare?

Tuesday, July 12, 2011

Federal unemployment benefits are set to expire by the end of the year. The benefits were extended in the wake of the recession, but they have become a statistically significant driver of the nation's economy, as the more than 14 million jobless Americans use the benefits on items like clothes and groceries. Will the expiration of the benefits have an effect on an already anemic recovery?

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The Takeaway

A Story Develops: New Jobs Numbers and Rising Unemployment

Monday, July 11, 2011

Last Friday, the new jobs numbers set off a flood of comments from our listeners. As we evaluated what this meant for job-seekers across the country, guests, listeners and others reacted to our coverage and helped to create it.  Below, follow how the story evolved, from our first on-air segment with Dan Gross to an emotional interview from a woman looking for work, to listeners compelled to give their own story.

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The Takeaway

What About the Long-Term Unemployed?

Monday, July 11, 2011

Friday produced another round of ugly job numbers as the country's unemployment rate inched up to 9.2 percent. Yet in Washington, the conversation remains fixed squarely on a compromise to raise the country's debt ceiling. Have lawmakers forgotten about the country's unemployed? And what about the "99'ers," the individuals who have exhausted their 99 weeks of unemployment benefits and are left with no government assistance? Where do they fit into the picture?

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The Takeaway

Weak Jobs Numbers May Hinder Recovery

Friday, July 08, 2011

Job creation came to a near standstill in the month of June. New statistics out this morning from the Department of Labor show the economy added a scant 18,000 jobs last month, pushing the unemployment rate up to 9.2 percent — the fewest new hires in nine months.

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The Takeaway

New Jobs Numbers Show Little Growth

Friday, July 08, 2011

New economic data from the federal government show the economy added a paltry 18,000 jobs in June, pushing the unemployment rate back to 9.2 percent. Dan Gross, columnist and finance editor for Yahoo! Finance, gives his analysis of the numbers.

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