This is WEEKEND EDITION from NPR News. I'm Scott Simon. The jobless rate fell sharply to 7.8 percent in September, which happens to be exactly where it was when President Obama took office. That's according to the U.S. Labor Department's latest monthly jobs report. But even though the unemployment rate dropped, the Labor Department's payroll survey reveals that businesses did not significantly hire new people. NPR's Yuki Noguchi has this report on how experts are interpreting the numbers.
And Mitt Romney a little more than a day to savor his presidential debate win before the September unemployment figures forced him to recalibrate. High unemployment has been Mitt Romney's number one argument for why voters should replace President Obama. Now, the jobless rate is still high, but it is below the important psychological threshold of 8 percent. NPR's Ari Shapiro reports on how the Republican presidential nominee reacted to the news.
A few months ago, we sat down with two chief executive officers to talk about their views on why many companies aren't hiring, what they think it might take to spur hiring. Given yesterday's jobs report that the unemployment rate has fallow to 7.8 percent, we thought we'd revisit the issue with those same CEOs. Chris Gorman is the CEO of the KeyBank in Cleveland and joins us from his office. Chris, thanks for being back with us.
On Sunday, Venezuelan President Hugo Chavez faces his most serious election test in 14 years of power. Though he has easily beaten his adversaries in the past, Chavez now confronts a 40-year-old former governor who has been electrifying the crowds.
The stakes are high. If Chavez loses, it could mean the end of his socialist experiment in the oil-rich nation.
In speech after speech, Chavez is like the Chavez of old — bombastic, loud, defiant, with grand dreams about projecting Venezuelan influence worldwide.
Among the 23 recipients of the MacArthur "genius" grants this past week: an economist, a mathematician, a photographer, a neuroscientist, and a Boston-based stringed instrument bow maker.
Benoit Rolland acknowledges that the violin reigns supreme as the star of the strings, capable of fetching millions of dollars at auction. But what about the bow? "A violin with no bow is not a violin, that's clear," says Rolland.
The U.S. has been carrying out drone strikes in Pakistan for some eight years, but it's done so under a policy that has emerged piecemeal over that time.
"It started in 2004, when drones were really an oddity," says Daniel Markey, a senior fellow at the Council on Foreign Relations. He was on the State Department's policy planning staff when it all started during the Bush administration.
Retailers across the country expect to hire hundreds of thousands of extra workers this holiday season to help with the anticipated spike in sales. Retail workers who have been hustling year-round for more hours are looking at that news with a jaded eye — because the vast majority of these seasonal jobs will disappear after December, sending many of these workers back scrounging for more work.
With a 17-hour workweek, Onieka O'Kieffe is left with a lot of time on her hands. Too much time. She said she very often sleeps 12 hours a day just because she can.
Independent fact checkers have not been particularly kind to Mitt Romney since Wednesday's first presidential debate in Denver. But one of the candidate's claims turned out to be so far off the mark that he had to be corrected by his own aides — a fact not unnoticed by the Obama campaign.