economy

Planet Money
10:27 am
Fri October 19, 2012

Manufacturing Jobs Aren't Coming Back, No Matter Who's President

St. Louis Fed

Originally published on Fri June 28, 2013 1:33 pm

The percentage of Americans working in manufacturing fell under President Reagan. It also fell under Presidents Bush, Clinton, Bush and Obama (respectively).

Which is to say, the decline of manufacturing jobs in the U.S. economy is not about who is president or what his policies are. It's the result of long-running, irreversible, historical factors (read: technology and globalization).

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Deceptive Cadence
1:03 am
Thu October 18, 2012

Philadelphia Orchestra Reboots With New Music Director

Yannick Nezet-Seguin leads the Philadelphia Orchestra.
Ryan Donnell

Originally published on Thu October 18, 2012 11:11 am

Everywhere you look right now, it seems like American symphony orchestras are fighting for their lives — strikes, lockouts, bankruptcy. Perhaps the biggest example is the world-renowned Philadelphia Orchestra, which is just coming out of its own bankruptcy. Tonight, its new 37-year-old music director takes the podium as the venerable orchestra begins a reboot.

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Deceptive Cadence
3:06 pm
Wed October 10, 2012

During Lockout Season, Orchestra Musicians Grapple With Their Future

The Minnesota Orchestra is one of many orchestras around the country dealing with labor disputes.
Greg Helgeson

Originally published on Thu October 11, 2012 12:05 pm

It's been a tumultuous time for American orchestras. Labor disputes have shut down the Minnesota Orchestra and Indianapolis Symphony, and strikes and lockouts have affected orchestras in Chicago, Atlanta and Louisville in the past year.

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The Two-Way
7:14 am
Wed October 10, 2012

Jack Welch Says He Was 'Right About That Strange Jobs Report'

Former General Electric CEO Jack Welch.
Thomas Lohnes AFP/Getty Images

Originally published on Wed October 10, 2012 7:52 am

When former General Electric CEO Jack Welch tweeted on Friday that the drop in the unemployment rate last month was "unbelievable" and that President Obama and his campaign aides "will do anything ... can't debate so change numbers," he aligned himself with conspiracy theorists who were asking if some sort of "October surprise" had been pulled.

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It's All Politics
3:03 pm
Tue October 9, 2012

Study: Unemployment Discussion Differs By Swing State

Job seekers line up to register at a Miami job fair in January. A new study shows that Florida voters discuss joblessness in ways quite different from those in Ohio and Virginia, two other presidential battleground states.
Alan Diaz AP

Originally published on Tue October 9, 2012 4:21 pm

Dante Chinni is the director of Patchwork Nation, which uses demographic, voting and cultural data to study communities. It is part of the nonpartisan, not-for-profit Jefferson Institute, which teamed with NPR to examine what can be learned about different communities through online text analysis. The project had Knight Foundation funding.


Since the beginning of the Great Recession, unemployment has driven much of the national conversation, and with good reason.

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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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