Trader Warren Meyers works on the floor of the New York Stock Exchange on Friday. Stocks opened higher after the government reported a burst of hiring last month that sent the unemployment rate to a four-year low. But both the White House and congressional Republicans reacted to the news in less than celebratory fashion.
Credit Richard Drew / AP
The February jobs report was just the latest proof that the economy doesn't really care how much it confounds the messaging strategies of Washington's political class.
News that the economy created 236,000 jobs last month and that the unemployment rate fell to 7.7 percent, its lowest level in more than four years, caught nearly everyone by surprise after economists forecast perhaps 171,000 new jobs.
A Chinese farmer tends to bees producing honey to supplement her income at a farm in China's Anhui province.
Credit AFP / AFP/Getty Images
There was bombshell news from the world of honey two weeks ago, and somehow we missed it. Two big honey packers, including one of the largest in the country — Groeb Farms of Onsted, Mich. — admitted buying millions of dollars worth of honey that was falsely labeled.
Facebook is redesigning its front page. The News Feed — which is what Facebook's roughly 1 billion users see when they log on to the site — will be rolling out a radical new look over the coming months.
The changes are meant to increase user engagement on the site, make it easier to navigate on mobile phones and provide even more highly targeted advertising.
Some other news. The country's biggest banks are in much better shape than before the financial crisis, at least according to the Federal Reserve's third round of so-called stress tests.
NPR's Dan Bobkoff reports.
DAN BOBKOFF, BYLINE: The tests simulate a nightmare scenario: How would the banks fare if unemployment topped 12 percent, stock prices were cut in half and housing values fell 20 percent? We all know what happened five years ago when a crisis was more than hypothetical.
And today's last word in business is this: Lego becomes Legd'oh!
The Wall Street Journal says the Danish company Lego is interested in licensing "The Simpsons." In the long-running cartoon series, a remarkably similar toy company called Blocko makes an appearance in a couple of episodes.
(SOUNDBITE OF TV SHOW, "THE SIMPSONS")
(SOUNDBITE OF MUSIC)
YEARDLEY SMITH: (as Lisa Simpson) I kind of want to create my own thing. Do you sell any just plain sets?
NPR's business news starts with the shuffle on the top for Pandora.
(SOUNDBITE OF MUSIC)
INSKEEP: Pandora is the popular music streaming service. And the company's CEO announced, yesterday, he's stepping down. Joseph Kennedy's announcement came as a surprise to many people. The company just reported better-than-expected quarterly earnings. But Kennedy says after nine years on the job he needs to get to a recharging station. He speaking metaphorically, of course, but who knows, someday people may actually do that.