Edition: U.S. / Global

Tuesday, March 10, 2015

Business Day Economy

Michael Stravato for The New York Times

The demand has created an unusually close partnership between the Gulf Coast energy industry and community colleges to train people for disappearing skills.

Unions Suffer Latest Defeat in Midwest With Signing of Wisconsin Measure

The so-called right-to-work law prevents organized labor from forcing all workers to pay union dues, making Wisconsin the 25th state to adopt such a policy.

Business Briefing

Fed Survey Details Outlook on Future Among Consumers

Americans had a dimmer view of inflation, spending and home prices last month, according to a Federal Reserve survey that appeared to log a change in perceptions on the economy.

Budget Office Again Reduces Its Estimate on Cost of the Affordable Care Act

Slower growth in health spending helps consumers and businesses, which shoulder most of the costs, and contributes to lower federal budget deficits.

Job Growth for Hispanics Is Outpacing Other Groups

Of all the country’s major racial and ethnic groups, only Hispanics, as of late last year, had returned to their unemployment levels before the recession, according to a recent economic report.

Fair Game

At the Fed in 2009, Rolling the Dice in a Crisis

Newly released transcripts from Federal Reserve Board meetings in 2009 cover some of the darkest days of the financial crisis.

The Upshot

Job Growth Was Fantastic Last Month. So Why Aren’t Wages Rising More?

The absence of meaningful gains in American workers’ pay has been one of the lingering problems in the economy.

After a Bounce, Wage Growth Slumps to 0.1%

The gains exceeded economists’ expectations and added to encouragement about the continued recovery, though wage growth has barely budged in months.

The Upshot

The New Jobs Report Shows Janet Yellen’s Quandary in a Nutshell

Some numbers suggest the Fed should raise interest rates, but wages are still stagnant, and the number of people in the labor force just shrank.

Mario Draghi of E.C.B. Predicts an Improved Economy When Stimulus Program Begins Monday

Mr. Draghi, the European Bank president, says the bond-buying program may help fix the collapse in consumer prices.

Fate of Obama’s Trade Agenda May Rest on Oregon Senator

Ron Wyden, the ranking Democrat on the Senate Finance Committee, has tried to forge a deal between the parties to push the Trans Pacific Partnership.

The Upshot

Ben Bernanke Has an Impressive Passive-Aggressive Streak, and Other Things We Learned in the New Fed Transcripts

The transcripts from 2009 show more than just how some of the nation’s top economic policy makers arrived at their decisions.

Economic Scene

Americans Aren’t Saving Enough for Retirement, but One Change Could Help

The typical remedy is that people should put more money aside in investments. This glosses over a critical driver of unpreparedness: Wall Street is bleeding savers dry.

Economic Scene

Globalization That Works for Workers at Home

Writing labor and environmental standards into international trade agreements has had little effect. Perhaps real change should start at home.

Document: Complete Fed Meeting Transcripts From 2009

In the early months of that year, the Fed pressed ahead with the bold measures it had initiated in 2008 to arrest the financial crisis.

What the Fed’s 2009 Transcripts Reveal About Its Handling of the Recession

In the early months of that year, the Fed pressed ahead with the bold measures it had initiated in 2008 to arrest the financial crisis. By summer it had largely succeeded.

Interactive Graphic: The Changing Nature of Middle-Class Jobs

The types of jobs that pay middle-class wages have shifted since 1980. Fewer of these positions are in male-dominated production occupations, while a greater share are in workplaces more open to women.

Video: The Health Care Wager

A surge in spending on health care is translating into well-paying jobs, but opportunities are only available to those willing to put in the time and money to retrain.

Interactive Graphic: The Shrinking American Middle Class

The share of the American population that is middle income has been shrinking for several decades. Until fairly recently, that was because more people were entering a higher-income bracket. Now it’s for the opposite reason.

Special Features

Interactive Graphic: Is It Better to Buy or Rent?

The answer to the question depends on many factors. Compare the costs of buying and renting equivalent homes.

Market data provided by Reuters. Copyright 2009 Reuters.

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