Jul 02 Watch Other News: After Budget Failure, California Begins Issuing IOUs In other news, California began issuing IOU notes after the governor failed to reach a deal on the state's budget, and Vice President Joe Biden visited troops in Iraq. Continue watching
Jul 02 Watch June Unemployment Dims Prospects for Recovery After employers shed more jobs than expected in the month of June, the unemployment rate hit a 26-year high last month. New York Times columnist David Leonhardt talks about what the latest job numbers mean for the overall economic picture. Continue watching
Jul 02 Disparities in Unemployment Remain Across Patchwork Nation By Dante Chinni, Anna Shoup As national unemployment numbers for continue to rise, a look at unemployment through Patchwork Nation's community types offer some explanation of why some areas have experienced greater job loss than others. Continue reading
Jul 02 Why Does Your Refrigerator Have a Light, But Not Your Freezer? Robert Frank: Today’s question was posed by my former student Karim Abdallah. “Why,” he asked, “does a light come on when you open the refrigerator but not when you open the freezer?” The cost-benefit principle offers a promising framework… Continue reading
Jul 02 Employers Shed More Jobs Than Expected in June, Unemployment Reaches 9.5 Percent By Admin, PBS News Hour Employers cut more jobs than expected in June, nudging the unemployment rate closer to double digits and quashing hopes for a quick economic recovery. Continue reading
Jul 02 Watch 10:54 Many Left Uncounted in Nation’s Official Jobless Rate By PBS News Hour Paul Solman examines how the number of jobless people who fall outside of official unemployment counts offer a different picture of the nation's economic recovery. Continue watching
Jul 01 Watch Other News: Markets See Modest Rise; Iran Opposition Leader Urges More Protests In other news, markets rose on positive reports from the manufacturing and housing sectors. Also, in auto news Ford reported its best showing in months but Chrysler and GM each posted a greater than 30 percent loss. Continue watching
Jul 01 Watch Russia Navigates Fallout of Economic Crisis With its fortunes tethered to volatile natural gas and oil prices, Russia has suffered record inflation and unemployment in the global financial crisis. In the second of her series of reports from Russia, Margaret Warner examines the country's economic picture. Continue watching
Jul 01 Why Do Brides Buy Dresses While Grooms Rent Tuxes? Robert Frank: Jennifer Dulski had been married for six months when she enrolled in my introductory economics course in 1997, which may explain the topic she chose for one of her two economic naturalist papers: “Why,” she asked, “do… Continue reading
Jul 01 Several States Fail to Pass Budgets for Fiscal Year By PBS News Hour With revenues dwindling in the recession, legislators in several states frantically worked Tuesday to avoid government shutdowns and service cuts. Continue reading