4 Reasons Why Millions Of Americans Are Leaving The Workforce
The share of adults who are working or looking for a job is lower than it's been in decades. Here's why.
ECONOMY
162,000 Jobs Added In July; Unemployment Drops To 7.4 Percent
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 also had fewer hours on the job, and hourly earnings fell in July for the first time since last fall.
'Abenomics' Serving Up The Same Old Medicine In Japan?
Japan's Prime Minister Shinzo Abe hopes to bring the Japanese economy out of years of stagnation by pumping money into the economy and encouraging domestic consumption. But not everyone is seeing the benefits, and some say it's just a repackaging of strategies that have failed Japan before.
GDP Report Is Better Than Economists Expected
Gross domestic product, or GDP, grew at an annual rate of 1.7 percent in the second quarter, compared with 1.1 percent in the previous quarter. This may mean that the economy is weathering government spending cuts without sustaining much damage.
Ford Taking America's Best-Selling Truck All 'Natural'
Ford is taking a big step into the alternative fuel world with an F-150 pickup truck that can run on natural gas. If it succeeds, the move could have repercussions for the broader auto industry.
Yellen Emerges As A Top Choice To Lead Federal Reserve
Janet Yellen is on President Obama's short list to replace Ben Bernanke at the Federal Reserve.
High-Deductible Health Plans, Gamble For Some, On The Rise
With the implementation of the Affordable Care Act looming, many employers are switching from traditional health care plans to what are known as high-deductible plans. These plans have lower premiums, but put patients on the hook for thousands in out-of-pocket expenses.
What A Falling Gold Price Means For Pawn Shops
The price of gold has dropped nearly 30 percent from December. Will that spell trouble for pawn brokers who hold gold as collateral?
Citing Dignity, Greek Workers Take Over Factory
The factory in northern Greece once produced glue for ceramic tiles. But when the country's economy collapsed and workers lost their jobs, they took it over to make environmentally friendly laundry products. Workers do everything from accounting to driving. Their effort is a hit with left-wing groups, but it's not showing up in workers' paychecks.
U.S. Carmakers Are Riding High, But Detroit May Not Feel It
The domestic auto industry has been making a strong comeback, but that recovery hasn't necessarily benefited beleaguered Detroit. There's only one auto plant still doing high-volume production inside the city limits, and much of the Big Three's manufacturing has shifted away from Michigan.