Business

1:30am

Fri August 3, 2012
Planet Money

Keeping The Biggest Secret In The U.S. Economy

Originally published on Fri August 3, 2012 8:04 am

In one part of the BLS offices, a supervisor rings this bell to let employees know that it is officially 8:30 AM.
Bureau of Labor Statistics

The single most important number in the U.S. economy comes out on the first Friday of each month at 8:30 a.m. That's when the government reports how many jobs were added or gained in the previous month.

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2:01pm

Thu August 2, 2012
Economy

What Can We Do To Fix The Economy?

Courtesy of Jared Bernstein

U.S. employment is stalled, growth is anemic, and the Federal Reserve has decided not to take action for at least another month.

Most economists weren't expecting the Federal Open Markets Committee, which sets the Fed's monetary policy, to announce another round of quantitative easing — a fancy term that basically means the central bank buys bonds to increase the money supply and make borrowing cheaper — at this week's meeting. Still, that's exactly what a number of them think is needed.

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1:09pm

Thu August 2, 2012
The Two-Way

Knight Capital Says It Lost $440 Million Because Of Computer Glitch

Originally published on Thu August 2, 2012 1:39 pm

Remember the computer glitch that caused market turmoil Wednesday morning?

As we told you, it was caused by a computer glitch that accidentally forced Knight Capital Group to buy a great number of stocks.

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6:52am

Thu August 2, 2012
The Two-Way

Jobless Claims Rose By 8,000 Last Week

The number of people filing first-time clams for unemployment insurance rose by 8,000 last week, to 365,000 from 357,000 the week before, the Employment and Training Administration says.

It adds that the "4-week moving average," which is supposed to give a slightly broader look at the trend in claims, "was 365,500, a decrease of 2,750 from the previous week's revised average of 368,250."

But according to The Associated Press:

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5:05am

Thu August 2, 2012

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