Economy & Business

Business news

2016 wage growth: good but not great

Dec 1, 2016
GettyImages-481139897.jpg
Adam Allington

The U.S. economy added 178,000 jobs in November, with the unemployment rate declining to 4.6 percent. 

Forecasts had predicted a net gain of around 180,000, jobs, a signal of steady hiring in the labor market.

Though average hourly earnings declined last month, wages have been trending up for some time. But there’s still room for improvement.

Marketplace Tech for Friday, December 2, 2016

Dec 1, 2016
reddit.jpg
Marketplace

On today's show, we'll look at Reddit's smaller communities, which some say take the First Amendment to the extreme; talk about one man's fascination with fitness trackers; and play this week's Silicon Tally with Stacey Higginbotham, host of the podcast the "Internet of Things."

howard.jpg
Marketplace

On today's show, we'll talk about an Italian referendum that could determine not only the fate of the country's government, but some of its shaky banks. We'll also discuss Starbucks' announcement that CEO Howard Schultz is stepping down from his position, and look at financial literacy in Louisiana classrooms. 

photo%202web.jpg
Jesse Hardman

Tyrell Raby is a little nervous as he waits in line at a Baton Rouge bank.

“If you have a low credit score the bank won’t trust you that much,” he said.

Raby’s 13, and he’s actually at a fake bank, set up at a mall in Baton Rouge, with around 50 eighth-grade classmates from McKinley Middle School. He’s participating in a financial literacy course for middle schoolers.

A few weeks before the election, the Tri-Pro lumber mill in north Idaho shut down. It was the second mill to close in the area in six months, putting more than a hundred people out of work.

While that's big economic loss for any community, it was especially tough for the tight-knit town of Orofino and its 3,000 or so residents.

Uber's latest update allows the ride-hailing app to track user location data even when the application is running in the background. The change in location data gathering is quite apparent — after the update is completed, Uber prompts users to accept the new policy by enabling their phones to make the change.

President-elect Donald Trump delivered a campaign-style speech at what was billed as the first stop in a thank-you tour in Cincinnati, Ohio, tonight, in which he pledged to unite America while at the same time recounting old grievances against the news media, and his political opponents.

Trump also used the occasion to announce he will nominate retired Marine Corps Gen. James Mattis as secretary of defense, calling him "the closest thing we have to Gen. George Patton of our time."

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

AUDIE CORNISH, HOST:

There's Black Friday, Cyber Monday, and then there's Giving Tuesday. It's been a thing since 2012.

ARI SHAPIRO, HOST:

And it was a really big thing this past Tuesday, raising $168 million. That's up 44 percent from last year.

Donald Trump won the presidential election after a campaign filled with populist and anti-Wall Street rhetoric. In the past couple of days, the president-elect has chosen his top economic policy team.

NPR's John Ydstie talks with All Things Considered host Audie Cornish about whether Trump's choices match up with his rhetoric.

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

AUDIE CORNISH, HOST:

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

AUDIE CORNISH, HOST:

Donald Trump says he's planning to completely separate from his business operations to avoid conflicts of interest as president. So far, the details of that arrangement are unclear. But here's another example of a possible conflict.

Donald Trump announced in a series of tweets Wednesday that he will be taking himself "completely out" of his business operations to avoid potential conflicts of interest as president. The president-elect did not offer details of the plan or say that he would divest financially from his businesses, but he did promise a news conference in the coming weeks that would address the issue.

The announcement that President-elect Donald Trump and Vice President-elect Mike Pence helped persuade Carrier to keep 1,000 factory jobs in the U.S. is a pretty big win. After all, they ran on a message of protecting The American Worker, and Trump isn't even in the White House yet.

The Obama administration is challenging a federal judge's decision last month to block the implementation of a new rule that would have made 4 million more Americans eligible for overtime pay.

The Department of Labor and its co-defendants filed a notice of appeal at the U.S. District Court for the Eastern District of Texas on Thursday, the same day that the rule was set to take effect before the temporary injunction was issued.

The Uncertain State of South Korea

Dec 1, 2016
GettyImages-618991356.jpg
Kai Ryssdal and Adhiti Bandlamudi

Prosecutors in South Korea are investigating  a corruption scandal involving President Park Geun-Hye. Allegedly, President Park's friend asked major companies, namely Samsung, for large donations for the South Korean government. Now, people protest outside the Blue House, the President's residence, every Saturday and demand that she resigns. This scandal, paired with President-elect Donald Trump's comments about the country have sent the nation into a state of uncertainty about its future. 

Stephen Evans is a Seoul Correspondent for the BBC and has been covering this story. 

Pages