Marketplace has a new podcast for kids, "Million Bazillion!" EPISODE OUT NOW

Tepid news in jobs, construction, retail

Marketplace Contributor Aug 16, 2012
HTML EMBED:
COPY

Tepid news in jobs, construction, retail

Marketplace Contributor Aug 16, 2012
HTML EMBED:
COPY

Jeremy Hobson: Today starts with some more tepid economic news. The number of people applying for unemployment benefits ticked up slightly to 366,000 last week.

Home construction slowed last month, but building permits rose to their highest level in four years.

And Walmart reported said same-store sales rose 2 percent last quarter, but said its seeing signs that the consumer is still strapped.

Diane Swonk is chief economist with Mesirow Financial, and she joins us now, as she does every Thursday.

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.