Jim Zarroli

Jim Zarroli is a business reporter for NPR News, based at NPR's New York bureau.

He covers economics and business news including fiscal policy, the Federal Reserve, the job market and taxes

Over the years, he's reported on recessions and booms, crashes and rallies, and a long string of tax dodgers, insider traders and Ponzi schemers. He's been heavily involved in the coverage of the European debt crisis and the bank bailouts in the United States.

Prior to moving into his current role, Zarroli served as a New York-based general assignment reporter for NPR News. While in this position he covered the United Nations during the first Gulf War. Zarroli added to NPR's coverage of the aftermath of Hurricane Katrina, the London transit bombings and the September 11, 2001 attacks on the World Trade Center.

Before joining the NPR in 1996, Zarroli worked for the Pittsburgh Press and wrote for various print publications.

Zarroli graduated from Pennsylvania State University.

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Economy
4:40 pm
Fri August 3, 2012

Despite Jobs Added, U.S. Unemployment Rose In July

Originally published on Fri August 3, 2012 6:06 pm

Transcript

AUDIE CORNISH, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish. The job market is finally showing signs of improvement after months of disappointing numbers. The Labor Department said today that employers added 163,000 jobs to their payroll in July. That's the best performance since February. Of course, it wasn't all good news. With the jobs increase also came an uptick in the overall unemployment rate to 8.3 percent. As NPR's Jim Zarroli reports, that underscores just how tenuous the recovery remains.

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Economy
6:03 pm
Wed August 1, 2012

Fed Holds Off On New Action To Spur Growth

The Federal Reserve took no new action to stimulate the economy on Wednesday but signaled it stands ready to act if hiring and the overall economic outlook does not improve. Since the Fed did not move, many analysts expect it will announce a new round of so-called quantitative easing at its next meeting in September.

Economy
3:00 am
Tue July 17, 2012

Romney's Plan To Revive Jobs Has Mixed Results

Republican presidential candidate Mitt Romney speaks about job numbers July 6 at Bradley's Hardware in Wolfeboro, N.H.
Charles Dharapak AP

Originally published on Tue July 17, 2012 5:10 pm

Republican presidential candidate Mitt Romney says he can do better than President Obama at finding jobs for unemployed Americans. One way he would do that is by bringing back personal re-employment accounts.

When people lose their jobs, one of the first places they turn to is their state unemployment office, where they can sign up for unemployment benefits; they often can enroll in some kind of retraining class as well.

In 2004, the Bush administration conducted an experiment to begin privatizing a small part of the federal retraining program.

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Business
5:48 am
Fri July 13, 2012

JPMorgan To Reveal Earnings, Trading Losses

Originally published on Thu August 30, 2012 2:26 pm

Transcript

RENEE MONTAGNE, HOST:

And the biggest bank in the U.S., JPMorgan Chase, says it has lost $4.4 billion from its failed hedging strategy involving a secretive trader. That's more than twice the bank's earlier estimate. The company released its second-quarter earnings report this morning, and NPR's Jim Zarroli is with us now to talk about them. Jim, what is the company telling investors this morning about that money?

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Economy
5:22 pm
Fri July 6, 2012

Options Slim, Older Job Seekers Try Starting Fresh

John Pham (right) reviews Bob Drake's resume at an AARP event aimed at helping older workers improve their job search. Workers age 55 and older cite particular difficulty finding employment, and some are choosing to retrain for new careers.
Frank Franklin II AP

Originally published on Tue July 10, 2012 4:46 pm

Deborah Klein sits in a parked car, a pile of envelopes on her lap. She's looking for work as a pharmacy technician, and has come to a faded strip mall near Waterbury, Conn., to drop off resumes with employers.

"I hope they get in touch with me, they want to meet with me, and who knows — they may have a position," Klein says. "It may not be now, but if I put something in their hand, they have something to think about."

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Business
5:08 am
Wed July 4, 2012

Ex-Barclays CEO To Appear Before British Panel

Originally published on Wed July 4, 2012 5:52 am

Transcript

LINDA WERTHEIMER, HOST:

NPR's business news starts with a U.K. interest rate probe.

(SOUNDBITE OF MUSIC)

WERTHEIMER: The former chief executive of Barclays is testifying before a parliamentary committee in Britain. Bob Diamond, who resigned yesterday, is being asked about the rate-setting scandal at the bank. He told lawmakers in the hearing today that it was an unfortunate series of events. Yesterday, Barclays released documents suggesting a Bank of England official may have pressured Barclays to lower its rates. NPR's Jim Zarroli reports.

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Business
5:00 am
Fri June 29, 2012

Financial Markets React To Health Care Ruling

Originally published on Fri June 29, 2012 6:46 am

Transcript

LINDA WERTHEIMER, HOST:

Yesterday's ruling on health care took the financial markets by surprise. Stocks were mixed with some shares finishing the day sharply higher. By the end of the day, stock traders seemed to shrug off the ruling.

NPR's Jim Zarroli reports.

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Business
6:33 am
Wed June 27, 2012

FBI Op Targets Cyber Criminals Stealing Credit Cards

Originally published on Wed June 27, 2012 6:34 am

Transcript

RENEE MONTAGNE, HOST:

Two dozen people on four continents have been charged with trafficking in stolen credit cards and bank account numbers. Eleven of the defendants were arrested in the U.S. They were caught after allegedly using a website set up by the FBI as part of a sting operation.

NPR's Jim Zarroli reports.

JIM ZARROLI, BYLINE: FBI officials said the arrests yesterday amounted to the largest coordinated international law enforcement action in history. It involved 13 countries in North America, Asia, Europe and Australia.

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NPR Story
5:43 am
Thu June 14, 2012

JPMorgan's CEO Calls Losses 'Indefensible'

Originally published on Thu June 14, 2012 7:07 am

The chief executive of JPMorgan Chase, Jamie Dimon, was on Capitol Hill Wednesday, where he tried to explain his company's recent multibillion-dollar trading losses. Dimon told the Senate Banking Committee that the losses were indefensible. He also said the company may try to recover some of the compensation paid to the traders who were responsible.

Business
5:08 pm
Wed June 13, 2012

JPMorgan CEO: $2 Billion Loss Was Indefensible

Originally published on Wed June 13, 2012 7:32 pm

Transcript

MELISSA BLOCK, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Melissa Block.

AUDIE CORNISH, HOST:

And I'm Audie Cornish. The chief executive of JPMorgan Chase, Jamie Dimon, went to Capitol Hill today. There, he tried to explain his company's recent multibillion-dollar trading losses, but he did not try to defend them. That's because he told the Senate Banking Committee the losses were indefensible. Dimon also said his company may try to recover some of the compensation paid to the traders who were responsible. NPR's Jim Zarroli reports.

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