Economy & Business

Business news

The jobs numbers are in: 150,000 jobs were added to the economy in January. That's fewer than expected, though the unemployment rate fell to an eight-year low.

President Obama took the opportunity this morning to take a shot at some of his more vocal opponents.

"The United States of America, right now, has strongest, most durable economy in the world," he said. "I know that's still inconvenient for GOP stump speeches, as their 'Doom And Despair' tour plays in New Hampshire — I guess you cannot please everybody."

The cystic fibrosis drug Orkambi can help people with specific genetic mutations breathe better, but treatment with the pill comes with a hefty sticker price — $259,000 a year.

Orkambi, which was approved by the Food and Drug Administration last July, is expected to take almost $36 million from California's general fund this fiscal year and next. That cost estimate doesn't include any discounts the state may receive from drug manufacturers.

Is Colorado's public employee pension fund in peril?

Feb 5, 2016
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Lizzie O'Leary

Public Employees' Retirement Association also known as "PERA" is Colorado's state pension fund and  it's currently short about $26 billion in what it owes to over 500 thousand members across the state. 

The Super Bowl coin toss has a secret history

Feb 5, 2016

Assuming the laws of physics cooperate, the Super Bowl is going to start on Sunday with the flip of a coin. This being the NFL, it's not just any old coin, of course. Every year, Highland Mint manufactures the coin and collectible replicas, but there's a dark backstory to the company.

Caleb Hannan wrote about it for Bloomberg Businessweek in a piece called "The Super Bowl Toss Has a Dark Secret." 

A short history of the post-Super Bowl TV show

Feb 5, 2016
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Tony Wagner

"The Late Show with Stephen Colbert" just has a packed slate of guests for his live episode Sunday following the Super Bowl.

Colbert is the first late night host to directly follow the game; that enviable time slot is usually reserved for promising young shows the network wants to give a big ratings boost. The Super Bowl pulled in a record 114 million viewers last year, and it's about the best lead-in you could ask for, but it's not a ratings guarantee.

The U.S. economy added just 151,000 jobs in January while unemployment dropped slightly, to 4.9 percent, according to the latest figures from the Bureau of Labor Statistics.

Economists had expected to see about 190,000 new jobs.

The unemployment rate, which has held steady at 5 percent the past few months, dropped slightly to 4.9 percent. It's the first time unemployment has fallen below 5 percent since the recession.

Marketplace for Friday, February 5, 2016

Feb 5, 2016

Breaking down the January jobs report; the last installment of "My Economy" from the border; and how a troubled economy and the Zika virus are impacting Brazil's annual carnival.

Copyright 2016 NPR. To see more, visit http://www.npr.org/.

Copyright 2016 NPR. To see more, visit http://www.npr.org/.

Transcript

MARY LOUISE KELLY, HOST:

My Economy: Economic aspirations in a borderland

Feb 5, 2016
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Kai Ryssdal and Daisy Palacios

Bowie High School sits just 100 yards from the U.S-Mexico border. It’s one of the oldest operating high schools in El Paso, Texas. Students have a view of Juárez from their basketball courts.

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