economy

Economy
11:45 am
Fri October 5, 2012

One Jobs Report, Two Different Political Spins

Democrats say the economy is growing and jobs consistently are being added. But Republicans note that the pace is far too slow to absorb the more than 12 million people still looking for work.
Mladen Antonov AFP/Getty Images

Originally published on Fri October 5, 2012 2:22 pm

With a new report showing the nation's unemployment rate fell to 7.8 percent last month, the Obama administration got good news Friday: Jobs are indeed growing. But, as Republicans noted, the pace remains well below the level needed to provide paychecks for the 12.1 million people seeking them.

The truth is, each party could find evidence to support either a positive or negative spin on the labor market, which is recovering — yet weak.

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It's All Politics
11:36 am
Fri October 5, 2012

For Obama, 7.8 Could Be Lucky Number

President Obama smiles during a rally Friday at George Mason University in Fairfax, Va.
Brendan Smialowski AFP/Getty Images

Originally published on Fri October 5, 2012 12:09 pm

To become president and to be re-elected president takes much luck (among other factors, like money and political skill.) And President Obama appears to be one of the most fortunate presidents in recent memory with the release of the latest employment report.

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The Two-Way
9:19 am
Fri October 5, 2012

Labor Secretary Says Talk Of Fudged Jobless Numbers Is Insulting

Labor Secretary Hilda Solis.
Kevork Djansezian Getty Images

The news that the nation's jobless rate fell to 7.8 percent in September from 8.1 percent in August immediately led some of President Obama's critics to charge the the books had been cooked to help his reelection campaign.

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The Two-Way
7:44 am
Fri October 5, 2012

Unemployment Rate Drops To 7.8 Percent; 114,000 Jobs Added To Payrolls

Originally published on Fri October 5, 2012 10:27 am

The nation's unemployment rate fell to 7.8 percent in September from 8.1 percent in August even though just 114,000 jobs were added to private and public payrolls, the Bureau of Labor Statistics reports.

Those hard-to-reconcile figures — a decline in the jobless rate even though job growth was relatively weak — appear to be at least partly explained by a sharp increase in the number of Americans who found part-time jobs and counted themselves as employed.

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The Two-Way
1:16 pm
Thu October 4, 2012

Friday's Jobs Report Is Campaign's Next Key Moment, Here's What To Expect

The welcome sign at a job fair earlier this year in Washington, D.C.
Chip Somodevilla Getty Images

With the first presidential debate now behind us, what's the next big item on the campaign calendar?

It's Friday's 8:30 a.m. ET release from the Bureau of Labor Statistics about the September unemployment rate and how many jobs were added to payrolls last month.

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Economy
12:46 pm
Tue September 25, 2012

Two Plans For Fixing The Economy, But Few Details

Job seekers fill out applications Aug. 21 at a construction job fair in New York. Polls show voters want the presidential candidates to provide more details on how they would reduce unemployment, change tax policy and alter government spending.
Seth Wenig AP

Originally published on Tue September 25, 2012 12:48 pm

As this presidential election year was kicking off, strategists were saying the focus would be on the economy. But now — even as absentee ballots are being filled in — the candidates are still dodging details about how to improve growth.

"President Obama doesn't have a plan," says Kevin Hassett, an economic adviser to Republican candidate Mitt Romney.

Jeffrey Liebman, an economic adviser to President Obama, says Romney has revealed no plan other than "going back to the failed policies of the past decade."

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Around the Nation
5:01 pm
Sun September 23, 2012

Rising Income Gap Shapes Residential Segregation

Mechelle Baylor's home in the Shaw area of Washington, D.C., has been in her family since 1929. She says she's seen her neighborhood change a lot as her neighbors move out and higher-income earners move in.
Amy Held NPR

Originally published on Mon September 24, 2012 12:20 pm

The income gap is receiving much attention lately as more Americans are isolating themselves around "people like us."

More accurately, they surround themselves with people who earn similar incomes, and it is now fueling a rise in residential segregation. One recent study suggests the income gap might be greater today than even during colonial times – even when you account for slavery.

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Unemployment
11:50 am
Fri September 21, 2012

Louisiana jobless rate dips as labor force shrinks

Unemployment ticked down in Louisiana in August as some people left the labor force.

The state's jobless rate fell to 7.4 percent, down from 7.6 percent in July but above the 7.3 percent unemployment rate of August 2011.

Louisiana's jobless rate never rose as high as the nation's, and fell to a post-recession low of 6.9 percent in January. Since then, jobless rates had risen in five out of six months. August was the first improvement since January.

4:02 pm
Thu September 20, 2012

Income plummets as region feels Great Recession's impact

Lead in text: 
Median household income has dropped across the metro area, even as poverty rates have risen, according to a report just released by the Greater New Orleans Community Data Center.
In New Orleans (Orleans Parish), the share of the 2011 population that is African American - while lower than in 2000 when it was 66.7 percent - continues to represent the majority of city residents at 59.2 percent.
Baton Rouge Community College
11:49 am
Thu September 20, 2012

New auto technology training center planned for Baton Rouge

Gov. Bobby Jindal is backing nearly $14 million in state construction spending to build a new automobile technology training center at Baton Rouge Community College.

The center will educate students seeking careers in the auto industry, part of a local community effort to bolster skills training in the area.

The governor announced Wednesday that he'll ask the Bond Commission to back the funding through the state's construction budget, the final step to fund the project.

Construction on the training center is expected to begin in 2014.

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