Business

6:53am

Sat April 6, 2013
Economy

Sequester Pinches Long-Term Unemployed Even More

Originally published on Sun April 7, 2013 11:08 am

A crowd of jobseekers attends a health care job fair on Thursday in New York.
Mark Lennihan AP

Almost 5 million Americans are considered long-term unemployed, meaning they have been searching for work for at least six months.

This week, their plight is getting a bit tougher as the government cuts their unemployment benefits — part of the automatic reductions in federal spending that took effect recently.

On a recent day, about 40 people turned out at a Manhattan jobs center run by the New York Labor Department to get advice on looking for work. These are all people who have been out of work for at least 27 weeks.

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3:58pm

Fri April 5, 2013
Business

Investigation Finds Wealth Of Information On Tax Evaders

Originally published on Fri April 5, 2013 6:04 pm

Transcript

AUDIE CORNISH, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish.

ROBERT SIEGEL, HOST:

And I'm Robert Siegel.

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3:58pm

Fri April 5, 2013
Economy

California's Unemployment Stuck High As National Average Dips

Originally published on Fri April 5, 2013 6:04 pm

California's economy is a study in contrasts. The state's unemployment rate — 9.8 percent — is tied with Rhode Island for the highest in the country. Parts of the state are still suffering mightily from the housing collapse. But there are also large pockets of job growth and revival.

3:58pm

Fri April 5, 2013
Economy

Although Unemployment Dropped In March, Job Growth Slowed

Originally published on Fri April 5, 2013 6:04 pm

Transcript

AUDIE CORNISH, HOST:

It's ALL THINGS CONSIDERED from NPR News. I'm Audie Cornish.

ROBERT SIEGEL, HOST:

And I'm Robert Siegel.

At first blush, it might seem like good news from the Labor Department this morning: The unemployment rate that has been dropping in recent months fell again. It fell to 7.6 percent in March. But job growth was much weaker than expected. And the main reason that the rate went down is that a large number of people decided to leave the workforce. NPR's Yuki Noguchi joins us now. Hi, Yuki.

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3:58pm

Fri April 5, 2013
Business

Despite Sequester, Aviation Companies Expand In North Carolina

Originally published on Fri April 5, 2013 6:04 pm

The forced budget cuts known as the "sequester" have not yet started to trickle down to the local level. But that hasn't stopped politicians from talking about what those cuts will mean. But business leaders in a city with strong aviation ties aren't looking at only the conversations in Washington as they plan their futures.

2:43pm

Fri April 5, 2013
Economy

Honda's Growth Helps Tow Ohio Out Of Recession

Originally published on Fri April 5, 2013 6:04 pm

Al Kinzer, who was Honda of America's first employee, drives the company's one millionth U.S.-produced car off the assembly line at Honda's assembly plant in Marysville, Ohio, April 8, 1988.
Greg Sailor AP

Honda is moving its North American headquarters from California to Ohio. That's just the latest bit of good news for the Buckeye State and Honda, whose fortunes have been closely tied for decades now.

Honda has been an economic heavyweight here since it was lured to central Ohio in the 1970s. The company's footprint is big, and it continues to increase.

Honda's sprawling Marysville Auto Plant opened outside Columbus in 1982. Since then, it has grown to nearly 4 million square feet and now sits on a campus of 8,000 acres.

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1:23pm

Fri April 5, 2013
Planet Money

The Jobs Report Puzzle

Lam Thuy Vo / NPR

Lots of people are surely looking at today's jobs headlines somewhat puzzled, asking one significant question: How can it be that hiring was much worse than expected in March and the unemployment rate still fell — to 7.6 percent?

The answer isn't a happy one. There are a couple of ways the unemployment rate can fall.

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12:04pm

Fri April 5, 2013
Economy

Unemployment Benefits Dwindle

Originally published on Mon April 8, 2013 10:19 am

Transcript

MICHEL MARTIN, HOST:

I'm Michel Martin and this is TELL ME MORE from NPR News. Later in the program, we will speak with a Christian leader who's led his church to rethink both its politics and its worship. It's the Reverend Cecil Williams of San Francisco's Glide Memorial Church. He and his wife, who's also a church leader, will join us for a Faith Matters conversation in a few minutes.

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10:43am

Fri April 5, 2013
Economy

U.S. Job Growth Slows As Jobless Face Benefit Cuts

Originally published on Sat April 6, 2013 4:55 pm

Applicants complete forms at a job fair in Newark, N.J. Weak U.S. job growth comes at the same time benefits for the long-term unemployed are shrinking.
Mark Lennihan AP

The 11.7 million Americans searching for work got discouraging news Friday morning when the Labor Department said employers created only 88,000 jobs in March. The weak job growth comes at the same time benefits for the long-term unemployed are shrinking.

The smaller-than-expected increase in payrolls was a big disappointment, coming after a long stretch of much better results. Over the past year, employment growth has averaged 169,000 jobs a month.

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8:36am

Fri April 5, 2013
The Two-Way

Job Growth Slows Sharply, But Unemployment Rate Dips

Originally published on Fri April 5, 2013 1:44 pm

Li-Wen Hung (left) and Whitney Chen were waiting to meet potential employers at a Manhattan job fair earlier this year.
Mario Tama Getty Images
  • From 'Morning Edition': NPR's Yuki Noguchi talks with David Greene about the latest employment report

There were just 88,000 jobs added to private and public payrolls in March, the Bureau of Labor Statistics estimates.

But the nation's jobless rate still edged down to 7.6 percent from 7.7 percent. That dip wasn't for a good reason, though: Nearly half a million fewer people were participating in the labor force. That smaller pool meant the jobless rate could tick down even as job growth was weak.

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