Economy

Toyota says it will use a software update to fix an issue with some Prius models, saying certain conditions could result in their unexpectedly stalling. Here, a Prius is seen during a test drive in Tokyo in 2011.

Toyota Recalls More Than 800,000 Prius Vehicles In U.S.

2:33pm October 05, 2018

by Bill Chappell

The recall addresses the way the cars respond if their hybrid systems run into problems. They're designed to enter a fail-safe or "limp home" driving mode, but in certain conditions they can stall.

A worker installs a door on a 2018 Ford F-150 truck at an assembly plant in Dearborn, Mich., on Sept. 27. The U.S. unemployment rate fell to 3.7 percent in September, a nearly 50-year low.

U.S. Unemployment Rate Drops To 3.7 Percent, Lowest In Nearly 50 Years

11:13am October 05, 2018

by Avie Schneider

The jobless rate last month was the lowest since 1969, though the economy added a less-than-expected 134,000 jobs, the Bureau of Labor Statistics said. Wage growth slowed to a 2.8 percent rate.

The Reverend David K. Brawley is one of the leaders of East Brooklyn Congregations, which put together the Nehemiah housing plan. They continue to build houses today.

Economy

The American Dream: One Block Can Make All The Difference

11:25pm October 04, 2018

by Jasmine Garsd

Is geography destiny? It goes against the core idea of the American dream, but a new online data tool says where you were born and raised actually makes a huge difference — down to the very block.

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(L-R) Mexico's Secretary of Economy Ildefonso Guajardo Villarreal, Canada's Minister of Foreign Affairs Chrystia Freeland, and United States Trade Representative Robert E. Lighthizer.

Economy

What Comes Afta NAFTA

5:08pm October 04, 2018

The US-Mexico-Canada trade agreement keeps in place the basic NAFTA framework, with a few twists.

Economy

What These Overlooked Economic Indicators Say About Work And The Labor Market

4:47pm October 04, 2018

by Cardiff Garcia

The latest jobs report comes out Friday and economists expect to see more new jobs being created, at a healthy pace. But there aren't just more jobs. People are also changing jobs more often.

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The 2018 recipients of the MacArthur "genius" grant.

Here Are The Winners Of The 2018 MacArthur 'Genius' Grants

3:57pm October 04, 2018

by Colin Dwyer

From engineering to economics, from painting to planetary science, the range of this year's class is vast. But the MacArthur Foundation expects them all to do big things with their newfound $625,000.

Experts Question Trump's Strategy To Reach Revised NAFTA Deal

6:28am October 04, 2018

by Scott Horsley

The White House sees the new trade agreement with Canada and Mexico as vindication of the president's hard-nosed negotiating tactics. But the modest benefits may not be worth the cost.

President Barack Obama looks at a turbine during a tour in 2011 of the General Electric plant in Schenectady, N.Y., with then GE Chairman and CEO Jeffrey Immelt (left) and plant manager Kevin Sharkey.

Economy

What Happened To GE?

4:55pm October 03, 2018

General Electric used to be a household name — a pillar of the U.S. economy. Now, it's fighting to survive.

"No one really explains to you taxes, and contracts, and how to chase a client for that bill that they owe you — like, the nitty-gritty," says P. Kim Bui, a freelance consultant.

Economy

Going It Solo: The Complicated Financial Lives Of Freelancers

12:59pm October 03, 2018

by Yuki Noguchi

For a growing population of independent workers, the flexibility of contract work comes with the headache of dealing with taxes and other issues that employers would normally handle.

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Amazon says it will pay all its U.S. workers at least $15 an hour. Here, workers prepare shipments at an Amazon Fulfillment Center in California during the early Christmas rush in 2014.

Economy

Amazon Sets $15 Minimum Wage For U.S. Employees, Including Temps

6:55pm October 02, 2018

by Bill Chappell

The retail giant, run by the world's richest man, was criticized earlier this year after revealing its workers' median pay was $28,446.