economy

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

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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U.S.
10:14 am
Thu September 20, 2012

'Fiscal Cliff' Scenarios Leave Economists On Edge

Economists hope lawmakers can avert a "fiscal cliff" after November's election, but what if Congress runs out of time?
Pablo Martinez Monsivais AP

Originally published on Thu September 20, 2012 1:46 pm

Members of Congress are about to flee Capitol Hill, and they'll be gone until Nov. 13, one week after Election Day.

As they shift to full-time campaigning, lawmakers are leaving behind many questions about the "fiscal cliff," a massive cluster of automatic spending cuts and tax-break expirations that come together around year's end.

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Planet Money
10:04 am
Thu September 20, 2012

The Fiscal Cliff, In Three And A Half Graphics

Lam Thuy Vo / NPR

Originally published on Tue November 6, 2012 10:50 am

For more, see this story from NPR's Marilyn Geewax on how Congress might pass some stopgap measures to blunt the effect of the fiscal cliff.

A bunch of federal tax increases and spending cuts are scheduled to kick in around Jan. 1, 2013. This is what people are talking about when they talk about the "fiscal cliff."

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The Two-Way
7:45 am
Thu September 20, 2012

Jobless Claims Changed Little Last Week

There were 382,000 first-time claims for unemployment benefits last week, down by just 3,000 from the week before, the Employment and Training Administration says.

Meanwhile, "the 4-week moving average was 377,750, an increase of 2,000 from the previous week's revised average of 375,750." That figure offers a slightly better look at the trend.

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Small Business Assistance Fund
9:46 am
Wed September 19, 2012

Business loan fund announced in New Orleans

New Orleans Mayor Mitch Landrieu's office and the city's Office of Economic Development have announced a new program to encourage small business expansion and job creation.

The new financing program is called the New Orleans Small Business Assistance Fund. A City Hall news release Tuesday said it's a $2 million fund that will provide 8 percent interest rate loans to for-profit and nonprofit businesses for operating capital and equipment purchases.

SBAF loans are expected to range from $10,000 to $100,000. The maximum term of the loan is up to 84 months.

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