Tagged: Economy

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6:40am

Fri May 4, 2012
The Two-Way

Just 115,000 Jobs Added Last Month, But Jobless Rate Dipped To 8.1 Percent

Originally published on Fri May 4, 2012 7:58 am

Credit Stan Honda / AFP/Getty Images

The nation's jobless rate edged down to 8.1 percent in April from 8.2 percent in March, but just 115,000 jobs were added to private and public payrolls, the Bureau of Labor Statistics reports.

The job growth was well below expectations and has raised new questions about the strength of the U.S. economy.

We'll add more to this post as we read through the report and gather reactions and analysis. So be sure to hit your "refresh" button to get our latest updates.

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2:13am

Fri May 4, 2012
Economy

Spaniards Dismayed Interest Rates Aren't Lowered

Originally published on Fri May 4, 2012 7:57 am

After months of punishing austerity measures, some Spaniards want a break and maybe even some stimulus from Europe. But that didn't happen at Thursday's meeting of the governing board of the European Central Bank.

The location of the ECB summit in Barcelona was kept secret, which may indicate how well officials thought they'd be received in the Spanish port city. Thousands of demonstrators flooded the city's streets, as did police, some in plainclothes and masks, with helicopters overhead.

One in four Spaniards is jobless, and the rate is more than 50 percent for youth.

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1:04am

Fri May 4, 2012
Planet Money

Food Trucks Seek 'That Mystical Spot'

Originally published on Mon May 7, 2012 12:55 pm

Credit Lam Thuy Vo / NPR

The Rickshaw Dumpling Truck is a retired postal van, painted red and filled with Chinese dumplings. I'm riding shotgun with Kenny Lao, the van's co-owner. It's a weekday morning, and we're driving into Manhattan looking for a killer spot to set up shop for the day.

"I think there is that mystical spot in midtown that every truck owner dreams of," Lao says. "Easy parking. It's a wide sidewalk. There's no restaurant but there's lots of offices."

There are 3,000 year-round food trucks and carts competing for that mystical spot. And no one has an official place to park.

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