Aug 06 Russia Wheat Export Ban Pushes Prices Near 2-Year High By Talea Miller Wheat prices retreated slightly but held near a two-year high Friday in reaction to a Russian announcement banning grain exports through the end of the year due to severe drought and wildfires. "We need to prevent a rise in domestic… Continue reading
Aug 06 Jobs Report Brings More Bad News for the Unemployed Heading into Friday morning, no one was expecting much good news from the July jobs report. Unfortunately, the picture it provided of the jobs market is even worse than many expected. Payrolls shrank by more than projected. Roughly 130,000… Continue reading
Aug 06 The '99ers' Share Their Stories Editor's Note: Last month, Congress extended federal unemployment benefits for people who had been out of work up to 99 weeks. But for the millions of Americans who have been jobless longer than that -- the "99ers" -- there will… Continue reading
Aug 06 Friday: Unemployment Unchanged at 9.5%; BP Closer to Sealing Well Private employers added 71,000 jobs in July, up from a revised 31,000 in June but not nearly enough to help the unemployment rate, which remained unchanged at 9.5 percent. Overall, the economy lost 131,000 jobs in July, the… Continue reading
Aug 06 The Morning Line: It's All About Jobs, Jobs, Jobs The Labor Department released its much-awaited monthly jobs report Friday, showing 131,000 jobs were lost in July, more than economists had expected. Both the unemployment rate, at 9.5 percent, and the number of unemployed persons, 14.6 million, remained unchanged. Continue reading
Aug 06 Watch Charlotte Looks to Remake Banking Economy As a part of NewsHour Connect, which showcases some of the best public broadcasting reporting from around the country, Rob Holliday of UNC-TV brings some good news on the jobs front in North Carolina. Continue watching
Aug 06 Watch News Wrap: Wall Street Up for the Week Despite Bleak Jobs Report Amid the grim job numbers from the Labor Department Friday, Wall Street managed to come out of the week ahead. The Dow is up nearly 2 percent and the NASDAQ rose 1.5 percent. Also, BP is waiting for cement to… Continue watching
Aug 06 Watch Long-Term Joblessness Takes Emotional, Spiritual Toll on '99ers' July's jobs reading came as bad news for job seekers and the U.S. economy. The Labor Department reports that 6.6 million people have been unemployed for 27 weeks or longer. Paul Solman talks to people who have been out of… Continue watching
Aug 06 Watch 'Disappointing' Jobs Report Shows Uphill Climb for Unemployed Americans The latest job numbers show the economy is struggling to get back on track. In July, the government cut 131,000 temporary Census jobs and only about 71,000 jobs were gained in the private sector. Ray Suarez sits down with economist… Continue watching
Aug 05 Watch News Wrap: Supermodel Campbell Testifies in Taylor War Crimes Trial In other news Thursday, Senate Democrats passed a $26 billion aid package for state and local governments, supermodel Naomi Campbell testified at the war crimes trial of former Liberian leader Charles Taylor, and several U.S. citizens were charged for supporting… Continue watching