The jobs gain was the best in five months and was much better than the revised estimated of growth for June — a gain of just 64,000 jobs. But it wasn't good enough to keep the jobless rate from rising slightly. In June, it stood at 8.2 percent.
The last word in business: women's intuition. Research shows that the stocks of companies that include women on their board of directors do better than companies with all-male boards. Renee Montagne and Steve Inskeep explain the report.
New York City officials are experimenting with a new way to fund social programs normally paid for with tax dollars. New York City officials say the prison intervention program could keep many of the nearly four thousand adolescent males that enter the jail system each year from returning. WNYC's Colby Hamilton reports Goldman Sachs is set to make a nearly $10 million investment in a social impact bond.
RBS, the Royal Bank of Scotland, is already in a tough spot. It's among several banks being investigated for allegedly rigging the interbank lending rate known as LIBOR. As Steve Inskeep reports, Friday it warned that it faced several potential lawsuits over those allegations.