Marketplace Music

Playlist: Jobs and mortgages

Daryl Paranada Sep 2, 2011

Posted by Daryl Paranada

For Marketplace Morning Report, Fri., Sept. 2, 2011

The big jobs report was released today. And it’s a big fat zero. The U.S. added no new jobs in August and the unemployment rate didn’t change. Economist Chris Low discusses when unemployment may drop back down to 5 percent and Gene Sperling, director of the White House National Economic Council, discusses what Obama will do to spur job growth. And on a related jobs, note, the Labor Department is adding to the farm jobs that are off limits to children under age 16.

The other big news out today:The U.S. may sue big banks over the quality of mortgages they sold during the housing boom. New York Times reporter Nelson Schwartz discusses the story he wrote about it and why it’s happening now. And Professor Eliot Spoon discusses whether the mortgage lawsuits against the banks could weaken the economy.

A couple of sports stories this morning: Baltimore is hosting its first Grand Prix this weekend and in light of the NCAA investigating the Miami Hurricanes over players getting illegal benefits, director Thaddeus Matula discusses what a “death penalty” can do to a sports program.

In world news, leaders at a Libya summit have agreed on measures to help the north African country revive its economy.

Some bad news ahead of the Labor Day weekend… Labor Day gas prices are at record highs. And enjoy any beef you may eat this weekend because a drought in Texas will mean the price of beef will rise.

Finally, do you live in a city that’s good or bad for drivers? See a list of America’s best and worst driving cities.

  • Panama — BoxcutterBuy
  • The Morning — The Weeknd
  • Going Back to Cali — LL Cool JBuy
  • Fish — Mr. ScruffBuy
  • Cheer Up, Chin Up — Ryan AdamsBuy

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.