Posted by Daryl Paranada
For Marketplace Morning Report, Fri., Sept. 2, 2011
The big jobs report was released today. And it’s a big fat zero. The U.S. added no new jobs in August and the unemployment rate didn’t change. Economist Chris Low discusses when unemployment may drop back down to 5 percent and Gene Sperling, director of the White House National Economic Council, discusses what Obama will do to spur job growth. And on a related jobs, note, the Labor Department is adding to the farm jobs that are off limits to children under age 16.
The other big news out today:The U.S. may sue big banks over the quality of mortgages they sold during the housing boom. New York Times reporter Nelson Schwartz discusses the story he wrote about it and why it’s happening now. And Professor Eliot Spoon discusses whether the mortgage lawsuits against the banks could weaken the economy.
A couple of sports stories this morning: Baltimore is hosting its first Grand Prix this weekend and in light of the NCAA investigating the Miami Hurricanes over players getting illegal benefits, director Thaddeus Matula discusses what a “death penalty” can do to a sports program.
In world news, leaders at a Libya summit have agreed on measures to help the north African country revive its economy.
Some bad news ahead of the Labor Day weekend… Labor Day gas prices are at record highs. And enjoy any beef you may eat this weekend because a drought in Texas will mean the price of beef will rise.
Finally, do you live in a city that’s good or bad for drivers? See a list of America’s best and worst driving cities.
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