Marketplace®

Daily business news and economic stories
Aug 1, 2014

Marketplace for Friday August 1, 2014

What we have here is a jobs recovery without a wage recovery. We look at why more Americans are working, but average wages aren’t even keeping up with inflation. Plus, Procter & Gamble says it’s going to get rid of half its nearly 200 brands. How did that happen, in a company famed for its highly focused brand management? Also, Auto sales are intriguing this quarter. They’re not as good as analysts had expected, but those expectations were very high. We look at why cars are selling so well right now.  

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What we have here is a jobs recovery without a wage recovery. We look at why more Americans are working, but average wages aren’t even keeping up with inflation. Plus, Procter & Gamble says it’s going to get rid of half its nearly 200 brands. How did that happen, in a company famed for its highly focused brand management? Also, Auto sales are intriguing this quarter. They’re not as good as analysts had expected, but those expectations were very high. We look at why cars are selling so well right now.