Economy

Far surpassing expectations, the U.S. added a whopping 339,000 jobs in May

5:11pm June 02, 2023

by Scott Horsley

U.S. employers added a whopping 339,000 jobs in May, far more than forecasters had expected. The unemployment rate, which is compiled from a separate survey, rose to a still-low 3.7%.

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A customer walks by a "Now Hiring" sign posted in front of a store in Novato, Calif., on April 7, 2023. The labor market remains red hot. That's great for workers, but it's bound to reinforce concerns about high inflation.

Economy

The U.S. added 339,000 jobs in May. It's a stunningly strong number

11:48am June 02, 2023

by Scott Horsley

Employers added a whopping 339,000 jobs in May, far above expectations, according to a report from the Labor Department on Friday. The unemployment rate rose to 3.7%, from 3.4% in April.

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Bosch plans $130M expansion, 400 new jobs in Lincolnton

10:20am June 02, 2023

by Neal Charnoff

The Bosch power tools company is planning a major expansion at its Lincoln County manufacturing site.

Deputy Director of the National Economic Council Bharat Ramamurti, pictured at a White House briefing last August, spoke to Morning Edition after the House passed its debt ceiling bill.

'This is a compromise': How the White House is defending the debt ceiling bill

9:55am June 01, 2023

by Rachel Treisman

The House's debt ceiling bill has critics on both sides. Bharat Ramamurti, the deputy director of the National Economic Council, says the administration was able to secure some of its key priorities.

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The House of Representatives is set to vote on the debt limit bill late Wednesday

4:53pm May 31, 2023

by Claudia Grisales

The House is on the verge of the first major vote to approve legislation to lift the debt limit. a catastrophic financial default could become a reality if Congress doesn't pass the bill by Monday.

Saving summer: Senior citizens step up to fill the gap amid lifeguard shortage

4:35pm May 31, 2023

by Matt Bloom

A nationwide lifeguard shortage has pools cutting back hours or closing. At one metro Denver recreation center, senior citizens are stepping up by training to keep swimmers safe.

Adding work requirements for food stamps doesn't have desired effect, researchers say

4:07pm May 31, 2023

by Jennifer Ludden

The debt-ceiling deal that Congress is considering adds work requirements for some people on food stamps. Researchers say the bigger issue is that the requirements don't actually help many find work.

Alexandra Prokopenko poses at a marathon event back in Russia. She used to run in Moscow's Meshchersky Park all the time: It was her favorite place in the city. But she's doubtful she will see it again, at least for the near future. Shortly after Russia's invasion of Ukraine, she left her country, along with hundreds of thousands of her peers.

She had a dream job. Now, she's part of a massive brain drain hammering Russia

3:41pm May 31, 2023

by Stacey Vanek Smith

Hundreds of thousands of people under age 35 are estimated to have fled Russia since the invasion. It's one of a handful of major challenges Russia's economy faces this year.

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Economy

April home sales dip in Greensboro

3:28pm May 31, 2023

by David Ford

Home sales have dipped across the country, region and Triad due to a variety of factors including interest rates, construction costs, and changing demographics.

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Toyota to invest $2.1 billion more in N.C. battery plant

1:04pm May 31, 2023

by Associated Press

Toyota will invest another $2.1 billion in an electric and hybrid vehicle battery factory that's under construction near Greensboro, North Carolina.