Originally published on Fri November 2, 2012 8:09 am
By Lam Thuy Vo
Credit Lam Thuy Vo / NPR
Note: This post was updated to reflect the October jobs report, which was released this morning.
The U.S. added 171,000 jobs in October, according to this morning's big jobs report. That's a solid gain. Job gains for the previous few months were also larger than initial estimates suggested. But the U.S. labor market is still digging out of a deep hole.
OK. So, it was really hard to get gas in the New York area yesterday. One very simple thing could be done that might change everything: drastically raise the price of gas. Now, if that happened, we would surely consider it price-gouging. But some economists think it would be a really good idea. Here's Zoe Chace of our Planet Money team.
MICHELLE MEDINA: So, everybody here's OK? You guys OK? All right. Yeah, we're still on line with him.