Feb 3, 2012

Marketplace Index for Friday, February 3, 2012

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Here’s the line: “Honey, good news. I got the job.” Now repeat that 243,000 times. That’s one way to appreciate the news of a surge in hiring last month. The government's monthly unemployment report from the Bureau of Labor Statistics…

Segments From this episode

Jobs returning, slowly

Feb 3, 2012
January unemployment was down from 8.5 to 8.3 percent. That's good news, but there's still work ahead, says economist Randall Wray.

Corporate tax hits 40-year low

Feb 3, 2012
Thanks to “bonus depreciation,” corporations paid the feds only 12.1 percent of their profits in taxes in 2011.

Here’s the line: “Honey, good news. I got the job.” Now repeat that 243,000 times. That’s one way to appreciate the news of a surge in hiring last month. The government’s monthly unemployment report from the Bureau of Labor Statistics reported today that the unemployment rate dropped from 8.5 to 8.3 percent in January. Randall Wray teaches economics at the University of Missouri-Kansas City. He says that with 24 million Americans looking for a full-time job, if we keep at this current pace, it’ll take a decade to put them all back to work. And the Daily Pulse is flat on news the federal government collected less than half as much in corporate tax receipts in 2011…a 40-year low.