Marketplace®

Daily business news and economic stories
 

Mitchell Hartman

Correspondent

Mitchell’s most important job at Marketplace is to explain the economy in ways that non-expert, non-business people can understand. Michell thinks of his audience as anyone who works, whether for money or not, and lives in the economy . . . which is most people.

Mitchell wants to understand, and help people understand, how the economy works, who it helps, who it hurts and why. Mitchell gets to cover what he thinks are some of the most interesting aspects of the economy: wages and inflation, consumer psychology, wealth inequality, economic theory and how it measures up to economic reality.

Mitchell was a high school newspaper nerd and a college newspaper editor. He has worked for The Philadelphia Inquirer, WXPN-FM, WBAI-FM, KPFK-FM, Pacifica Radio, the CBC, the BBC, Monitor Radio, Cairo Today Magazine, The Jordan Times, The Middletown Press, The New Haven Register, Oregon Business Magazine, the Reed College Alumni Magazine, and Marketplace (twice — 1994-2001 & 2008-present).

Mitchell has gone on strike (Newspaper Guild vs. Knight Ridder, Philadelphia, 1985) and helped organize a union (with SAG-AFTRA at Marketplace, 2021-23). Mitchell once interviewed Marcel Marceau and got him to talk.

Latest from Mitchell Hartman

  • The World Bank has just issued $360 million in so-called “catastrophe bonds” in collaboration with Mexico. Global investors snapped up the bonds — the first issued directly by the World Bank — which will help Mexico cover emergency relief costs in the event of a major hurricane or earthquake, should one hit. 

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  • As unemployment continues to fall and employers scramble to find the workers they need, demographic groups that traditionally lag economically are benefiting. The unemployment rate for African-Americans fell to 7.1 percent in June, just shy of the all-time low of 7 percent hit in April 2000. Unemployment rates for young people and those with a […]

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  • Wanted: qualified people who will work for yesterday’s wages
    Justin Sullivan/Getty Images

    The tight labor market is making it harder to hire without raising pay significantly.

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  • President Donald Trump wants the top U.S. corporate tax rate cut to 15 percent, as well as tax relief for middle-income Americans, he told the Wall Street Journal. The president also indicated a willingness to increase some taxes on rich Americans. But those cuts risk adding to the deficit over the next ten years. And […]

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  • The National Cyber Security Alliance, a public-private partnership supported by the Department of Homeland Security and the Federal Trade Commission, is holding workshops to help small businesses around the country defend against cyber threats. Hackers have launched successful data thefts against companies large and small in recent years, and the FBI reports that ransomware attacks […]

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  • We haven’t seen much in wage gains out of recent jobs reports from the Labor Department. The most recent one, for June, showed average hourly wages, as reported by employers, up just 2.5 percent over the past year, not much better than inflation. But another measure of income from the Labor Department, based on a […]

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  • Inflation has been consistently lower than the Federal Reserve’s target of 2 percent. Fed Chair Janet Yellen highlighted this fact in recent congressional testimony. Most consumers and business owners would just as soon see inflation remain low: consumers can afford more goods and services without having to earn higher wages, and businesses never like to […]

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  • President Trump is visiting France and its new president, Emmanuel Macron, at an auspicious moment for the French economy. After years of lackluster performance following the global financial crisis, unemployment has fallen below 10 percent, and labor market reforms are taking hold. Trump and Macron are both relative political outsiders who have disrupted their countries’ […]

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  • Interns run with a court decision to reporters stationed outside of the U.S. Supreme Court June 29, 2015 in Washington, DC.
    Mark Wilson/Getty Images

    Today's summer internships — 42 percent of which are unpaid — have their roots in apprenticeships from an earlier era.

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  • The June employment report from the Bureau of Labor Statistics showed strong job growth – 222,000 – and a 0.1 percent rise in the unemployment rate to 4.4 percent, as more job-seekers entered the labor force. But the rise in average hourly earnings was anemic—up 0.2 percent month over month, 2.5 percent year over year. […]

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Mitchell Hartman