News In Brief

The economy’s growing, but the jobs aren’t coming

Tess Vigeland Nov 23, 2010

And this final note. We talked earlier with John Cassidy about what’s changed on Wall Street in the two years since the financial meltdown.

Here’s one thing that’s changed: Corporate profits set a record in the third quarter of this year. It’s the seventh quarter of growth in a row. The Commerce Department also reported today that the overall economy grew at a rate of 2.5 percent last quarter. And yet that growth has yet to find its way into the job market. The unemployment rate still stands at close to 10 percent.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.