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Business and Economic News

Job outlook brightens for graduates, though problems linger

Job outlook brightens for graduates, though problems linger

The post-recession peak came after employers added 217,000 jobs in May. That marked the fourth straight month when payrolls increased by at least 200,000. That kind of hiring streak has not happened since late 1999. But the unemployment rate held steady at 6.3 percent.
by Marilyn Geewax

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Money train? Backers say Green Line will deliver dollars, development

Money train? Backers say Green Line will deliver dollars, development

The soon-to-open $1 billion Green Line is carrying a trainload of hopes: that it will revive University Avenue, tie St. Paul and Minneapolis together and make rail a viable transit option for the region. Will it work out that way? The Blue Line might provide some clues.
by Tim Nelson

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U.S. finally passes pre-recession jobs total

U.S. finally passes pre-recession jobs total

Total nonfarm payroll employment rose by 217,000 in May, and the unemployment rate was unchanged at 6.3 percent, the Bureau of Labor Statistics says.

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GM review found 'history of failures' in ignition debacle

GM review found 'history of failures' in ignition debacle

The ignition switch problem has been blamed for at least 13 deaths. While the issue is most closely identified with the Chevrolet Cobalt, the problem spurred a recall of 2.6 million vehicles. The company said last month that it will pay a $35 million fine over how it handled the issue.

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