Economy

5:51am

Fri September 6, 2013
Business

'Pretty Solid Jobs Report' Likely; Will Fed Then Dial Back?

Originally published on Fri September 6, 2013 7:35 am

The scene last month at a "Beyond the Dream" job fair in Brooklyn, N.Y. Data on the month's job growth and unemployment rate are due Friday morning.
Spencer Platt Getty Images

Economists expect to hear that about 180,000 jobs were added to payrolls and that the nation's unemployment rate held steady at 7.4 percent last month when the Bureau of Labor Statistics issues its highly anticipated report about the August employment situation at 8:30 a.m. ET.

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6:43am

Thu September 5, 2013
Business

Job Growth Cooled A Bit In August, Report Signals

Originally published on Thu September 5, 2013 7:39 am

12:39pm

Wed September 4, 2013
Business

Economy Expanding At Moderate Rate, Fed Says

Originally published on Wed September 4, 2013 4:59 pm

Doors for a Chevy Sonic hang on the assembly line at General Motors' Orion Assembly Plant in Lake Orion, Michigan, in 2011.
Bill Pugliano Getty Images

The U.S. economy held steady with "modest to moderate" growth between early July and late August, as Americans bought more cars and auto factories ramped up hiring.

The Federal Reserve's so-called Beige Book, comprising reports from 12 geographic districts around the country, showed that manufacturing activity "expanded modestly" and that several districts reported that "demand for inputs related to autos, housing, and infrastructure were strong."

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12:07pm

Wed September 4, 2013
Planet Money

The Nobel Laureate Who Figured Out How To Deal With Annoying People

Originally published on Tue September 10, 2013 3:22 pm

"I've been wrong so often I don't find it extraordinary at all," Ronald Coase told us last year.
University of Chicago

Update, Sept. 4: We added the audio for David Kestenbaum's radio obituary of Ronald Coase.

If you created the world as a simple economic thought experiment, companies wouldn't exist. Instead, everybody would work for themselves, and they'd be constantly selling their labor (or the fruits of their labor, or use of their tools, or whatever) to the highest bidder. Wages would rise and fall every day (every hour! every second!) depending on supply and demand. That's how the market works, after all.

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2:23pm

Tue September 3, 2013
Business

New Carpet Factories Help Cushion Blows From Recession Losses

Originally published on Tue September 10, 2013 3:22 pm

Fibers are rolled into spools at the Engineered Floors carpet plant in Dalton, Ga.
Kathy Lohr NPR

Known as the "Carpet Capital of the World," Dalton, Ga., has struggled and lost 17,000 manufacturing jobs over the past decade.

But now, Engineered Floors is investing $450 million in two new manufacturing facilities and a distribution center in the area. The Dalton expansion is part of a resurgence in manufacturing in Georgia and it reflects an optimistic outlook for manufacturing across the Southeast.

Something Different, Something New

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