Marketplace Index for Friday, February 3, 2012

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Episode Description 
Here’s the line: “Honey, good news. I got the job.” Now repeat that 243,000 times. That’s one way to appreciate the news of a surge in hiring last month. The government's monthly unemployment report from the Bureau of Labor Statistics reported today that the unemployment rate dropped from 8.5 to 8.3 percent in January. Randall Wray teaches economics at the University of Missouri-Kansas City. He says that with 24 million Americans looking for a full-time job, if we keep at this current pace, it'll take a decade to put them all back to work. And the Daily Pulse is flat on news the federal government collected less than half as much in corporate tax receipts in 2011...a 40-year low.

Corporate tax hits 40-year low

Thanks to “bonus depreciation,” corporations paid the feds only 12.1 percent of their profits in taxes in 2011.
Posted In: Corporate Tax Cuts, Taxes, corporations

Jobs returning, slowly

January unemployment was down from 8.5 to 8.3 percent. That's good news, but there's still work ahead, says economist Randall Wray.
Posted In: Jobs, bureau of labor statistics, Labor Department, employment, Unemployment

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