Economy & Business

Business
10:59 am
Fri August 2, 2013

U.S. Job Growth Slows A Bit As Wages Shrink

Employees and supporters demonstrate Monday outside of a Wendy's fast-food restaurant in New York City to demand higher pay and the right to form a union. Incomes have been stagnant, especially for minimum-wage workers.
Spencer Platt Getty Images

Originally published on Fri August 2, 2013 12:10 pm

Employers added 162,000 workers in July, and the U.S. unemployment rate slipped to 7.4 percent, the lowest level since December 2008, the Labor Department said Friday.

But while the number of jobs did increase, the hiring pace was slower than in the spring, marking a setback for unemployed Americans who had hoped for a better summer.

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Economy
10:24 am
Fri August 2, 2013

Jobs Have Been Added, But Why Are Wages Stubborn?

Originally published on Fri August 2, 2013 11:32 am

Transcript

MICHEL MARTIN, HOST:

This is TELL ME MORE from NPR News. I'm Michel Martin. Later today, we'll hear more about Pope Francis' recent visit to Brazil and we'll hear about why he made headlines around the world. That's in just a few minutes. But first, back here in this country, we want to hear about today's jobs numbers. One-hundred sixty-two thousand jobs were added last month, bringing the unemployment rate down to 7.4 percent. That's even below last month's report of 7.6 percent. The report also shows, though, that wages are going down for many workers.

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The Salt
10:11 am
Fri August 2, 2013

FDA Approves Gluten-Free Label

Originally published on Thu August 8, 2013 4:01 pm

The Food and Drug Administration issued Friday the first legally binding rules for what food companies can legally label "gluten-free."

The rules should help millions of Americans who can't tolerate gluten in their diet.

Gluten is a protein in wheat, barley and rye. Bakers appreciate its gluey texture for making bread. But when people with celiac disease eat it, it causes their immune systems to attack their small intestines.

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Economy
9:18 am
Fri August 2, 2013

162,000 Jobs Added In July; Unemployment Drops To 7.4 Percent

Originally published on Fri August 2, 2013 10:08 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with the jobs report.

(SOUNDBITE OF MUSIC)

MONTAGNE: The Labor Department says the U.S. economy added 162,000 new jobs last month. That's lower than many economists expected. Still the unemployment rate dropped to 7.4 percent. Workers did have fewer hours on the job and hourly earnings fell in July, for the first time since last fall. Transcript provided by NPR, Copyright NPR.

Parallels
9:11 am
Fri August 2, 2013

Is Uruguay's Marijuana Legalization Vote A Tipping Point?

Originally published on Wed October 9, 2013 3:00 pm

Within weeks, Uruguay is expected to become the first nation to legalize the production, distribution and use of marijuana for its citizens.

The South American country's response to incessant drug-related violence in the region signals a quest for alternatives to the U.S.-led war on drugs, and a rethinking of official U.N. anti-drug policy, which has been in effect for more than half a century.

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The Two-Way
7:38 am
Fri August 2, 2013

U.S. Unemployment Sinks To 7.4 Percent; 162,000 Jobs Added In July

America's unemployment rate sank to 7.4 percent in July, the Bureau of Labor Statistics says. A hiring sign is seen in a store window in Alexandria, Va.
Alex Wong Getty Images

Originally published on Fri August 2, 2013 10:11 am

America's unemployment rate sank to 7.4 percent in July, a drop of two-tenths of a percent, the Bureau of Labor Statistics says in its monthly summary of the U.S. economic situation. But employers added 162,000 jobs last month, coming in below economists' expectations.

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The Two-Way
6:23 am
Fri August 2, 2013

Book News: Battle Rages On In Amazon Vs. Overstock Price War

Originally published on Fri August 2, 2013 7:51 am

The daily lowdown on books, publishing, and the occasional author behaving badly.

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Business
5:50 am
Fri August 2, 2013

Bank Of America May Face Charges Related To Financial Crisis

Originally published on Fri August 2, 2013 10:08 am

Transcript

DAVID GREENE, HOST:

NPR's business news starts with new trouble for B of A.

(SOUNDBITE OF MUSIC)

GREENE: In a regulatory filing yesterday, Bank of America revealed it may be facing civil charges over its activities during the financial crisis. The bank disclosed an investigation by the Department of Justice related to residential mortgage-backed securities. Bank of America says it's cooperating. Transcript provided by NPR, Copyright NPR.

Economy
5:50 am
Fri August 2, 2013

What The Latest Unemployment Numbers Mean

Originally published on Fri August 2, 2013 10:08 am

Transcript

DAVID GREENE, HOST:

This is MORNING EDITION from NPR News. I'm David Greene.

RENEE MONTAGNE, HOST:

And I'm Renee Montagne. Federal reserve policymakers, along with a lot of regular folks, are keenly interested the government's monthly jobs report being released later this morning. Fed policymakers will use the data to help decide whether to ease off on their stimulus soon or wait for a while. NPR economics correspondent John Ydstie joins us talk about what we should expect and what's at stake. Good morning, John.

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The Salt
2:18 am
Fri August 2, 2013

Massachusetts Revives The Lost Art Of Making Sea Salt

The Martha's Vineyard beach where Heidi Feldman collects saltwater to make sea salt.
Courtesy of Heidi Feldman

Originally published on Fri August 2, 2013 10:08 am

"Look for a house, barn, paddock, barking dogs and screeching peacocks."

Those were Heidi Feldman's instructions to me to find Down Island Farm in Vineyard Haven on Martha's Vineyard, Mass.

She forgot to mention the ram, free roaming chickens and miniature horse. But I managed to find it anyway.

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