economy

Jobless Claims
7:44 pm
Fri July 13, 2012

Claims rise for unemployment benefits

First-time claims for unemployment insurance benefits in Louisiana for the week ending July 7 increased from the previous week's total.

State labor department figures released Friday show initial claims rose to 3,960 from the previous week's total of 3,456. The figure was lower than it was for the comparable week a year earlier, when there were 4,053 initial claims.

The four-week moving average, which is a less volatile measure of claims, decreased to 3,714 from the previous week's total of 3,792.

Poverty In America: The Struggle To Get Ahead
2:02 pm
Fri July 13, 2012

Struggling Families Lift Themselves Out Of Poverty

Support group members Pamela Travis (from left), Dominique Martin, Yovanda Dixon, Shanna Chaney and Ramona Shewl hold a meeting as part of the Family Independence Initiative. The Oakland nonprofit encourages low-income families to form small groups to help each other get ahead.
Pam Fessler NPR

Originally published on Fri July 13, 2012 9:24 pm

It's been almost 50 years since President Lyndon Johnson declared a "War on Poverty." But today, the poverty rate in the U.S. is the highest it's been in 17 years, affecting some 46 million people.

The economy is partly to blame, but even in good times, millions of Americans are poor.

That's been a longtime concern for Maurice Lim Miller. He ran social service programs in the San Francisco Bay Area for 20 years. Then one day, the painful truth hit.

"The very first kids I had trained back in the early '80s, I saw their kids now showing up in my programs," he says.

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Presidential Race
9:26 am
Fri July 13, 2012

How Battleground States See The Economy

A young supporter of Republican presidential candidate Mitt Romney holds a sign during an election party at the Red Rock Casino in Las Vegas in February.
Justin Sullivan Getty Images

Originally published on Fri July 13, 2012 11:33 am

For all the chatter that the winner of the 2012 presidential election will be determined by the economy, you wouldn't know it by looking at the most closely contested states.

The recovery is still tepid in most parts of the country, and there's a sense of trepidation that signs of improvement might not last. Among the swing states, some are doing comparatively well while others are struggling — but the political picture looks roughly the same in all.

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News
10:51 am
Thu July 12, 2012

Homeowner Bill Of Rights For 'Flawed System'

Guest Host Maria Hinojosa talks with Kamala Harris, California's Attorney General about the state's newly passed "Homeowner Bill of Rights." The law, which was signed yesterday by Governor Jerry Brown, makes it harder for lenders to seize a property and allows homeowners to sue to stop a foreclosure process.

The Two-Way
3:35 pm
Wed July 11, 2012

'Wall Street Journal': Seven Years After Burst Bubble, 'The Housing Bust Is Over'

A moving truck is shown at a house that was sold in Palo Alto, Calif. on Tuesday.
Paul Sakuma AP

The Wall Street Journal is calling it without any couching. The headline:

'The U.S. Housing Bust Is Over'

The lede:

"The housing market has turned—at last.

"The U.S. finally has moved beyond attention-grabbing predictions from housing 'experts' that housing is bottoming. The numbers are now convincing.

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Economy
2:22 am
Wed July 11, 2012

Euro Currency Still Faring Well, For Now

Over the last 13 years, the euro has been worth on average $1.21, only a penny less than its current price of $1.22 per euro.
Michael Probst AP

Originally published on Wed July 11, 2012 11:42 am

The euro touched a two-year low against the dollar Tuesday, as concerns about the eurozone debt crisis continued.

Despite a recession across much of the eurozone and even predictions of the currency's demise, however, the euro has held up relatively well during this crisis.

Over the last 13 year, it has taken on average $1.21 to buy a euro. Now, even in this midst of this crisis, it's worth virtually the same ($1.22).

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Economy
11:27 am
Tue July 10, 2012

Out-Of-Work Teens Struggle Later

Originally published on Tue July 10, 2012 11:42 am

Transcript

MARIA HINOJOSA, HOST:

I'm Maria Hinojosa, and this is TELL ME MORE, from NPR News. Michel Martin is away. Coming up, murders in Chicago are on the rise. We'll ask why and what's being done about it. That's in a few minutes.

But, first, to matters of personal finance. Remember pulling yourself up by your own bootstraps? Well, economic mobility is getting tougher in this country, especially for the poorest people in our society. That's according to a new Pew Research report released on Monday.

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Business & Technology
11:53 am
Mon July 9, 2012

Oil rises slightly to near $85 on stimulus hopes

SINGAPORE (AP) — Oil rose slightly to near $85 a barrel today, clawing back some of a large drop from the previous session amid hope that weak U.S. economic growth may trigger new stimulus measures.

The Labor Department on Friday said the U.S. economy added 80,000 jobs last month, which was fewer than expected and prompted speculation that the U.S. Federal Reserve may implement more monetary stimulus measures known as quantitative easing.

Last week, the European Central Bank and the People's Bank of China both cut lending rates in the bid to boost flagging economic growth.

Economy
10:23 am
Mon July 9, 2012

No June Gloom For American Auto Sales

Originally published on Mon July 9, 2012 11:04 am

Recovery has been creeping at a slow pace for much of the American economy, but sales by US auto makers have revved up. Chrysler and General Motors both saw double digit growth in June, and Ford wasn't too far behind. Guest host Maria Hinojosa and NPR's Sonari Glinton talk about what's driving the rise.

Unemployment
5:02 pm
Fri July 6, 2012

Louisiana first-time jobless claims decrease

First-time claims for unemployment insurance benefits in Louisiana for the week ending June 30 decreased from the previous week's total.

State labor department figures released Friday show initial claims fell to 3,456 from the previous week's total of 3,633. The figure was lower than it was for the comparable week a year earlier, when there were 4,169 initial claims.

The four-week moving average, which is a less volatile measure of claims, decreased to 3,792 from the previous week's total of 3,972.

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