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People Don’t Have Uprisings When The Unemployment Rate Is 6.7 Percent

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When the December 2013 unemployment rate came out on January 10, some news sources were glad to see that it decreased to 6.7% from 7%. Sounds good, right? In reality, it doesn’t explain everything. Actually, it hardly explains anything. That number only captures people who are still in the job market, who are also still actively searching for a job. So when you hear “unemployment rate,” feel suspicious. Who doesn’t it include?

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482- Why the US keeps sending weapons to Egypt: Is this policy dangerous for America?

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NPR Planet Money episode 482 asks why the US keeps sending weapons to Egypt. We continue to give Egypt $1.5 billion a year, $1.3 billion of which goes to the Egyptian military. Policy proponents say this money comes back to the US, since Egypt spends this money on American weapons.

Posted in Planet Money Tagged with: , , , , , , , ,

477- Waiting for Robot Nannies: Would Japan Really Hire Immigrant Nannies?

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“Waiting for Robot Nannies” was an informative episode about Japan’s problem getting mothers back into the workplace. Over half of Japanese mothers leave their jobs after childbirth. The Planet Money hosts explain this is a problem because there won’t be

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