Late last week, Amazon, which features reader reviews on its sales website, announced that it's buying Goodreads, a hugely popular reader review site. Now, the announcement jarred a lot of Goodreads fans and upset lots of reader-reviewers and authors too. Greg Bensinger has been covering the story for the Wall Street Journal. He joins us from KQED in San Francisco. Thanks so much for being with us.
GREG BENSINGER: My pleasure, hello.
SIMON: Why did Amazon want to inhale Goodreads so much?
Almost 5 million Americans are considered long-term unemployed, meaning they have been searching for work for at least six months.
This week, their plight is getting a bit tougher as the government cuts their unemployment benefits — part of the automatic reductions in federal spending that took effect recently.
On a recent day, about 40 people turned out at a Manhattan jobs center run by the New York Labor Department to get advice on looking for work. These are all people who have been out of work for at least 27 weeks.
It's ALL THINGS CONSIDERED from NPR News. I'm Audie Cornish.
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At first blush, it might seem like good news from the Labor Department this morning: The unemployment rate that has been dropping in recent months fell again. It fell to 7.6 percent in March. But job growth was much weaker than expected. And the main reason that the rate went down is that a large number of people decided to leave the workforce. NPR's Yuki Noguchi joins us now. Hi, Yuki.
The forced budget cuts known as the "sequester" have not yet started to trickle down to the local level. But that hasn't stopped politicians from talking about what those cuts will mean. But business leaders in a city with strong aviation ties aren't looking at only the conversations in Washington as they plan their futures.
California's economy is a study in contrasts. The state's unemployment rate — 9.8 percent — is tied with Rhode Island for the highest in the country. Parts of the state are still suffering mightily from the housing collapse. But there are also large pockets of job growth and revival.
Lots of people are surely looking at today's jobs headlines somewhat puzzled, asking one significant question: How can it be that hiring was much worse than expected in March and the unemployment rate still fell — to 7.6 percent?
The answer isn't a happy one. There are a couple of ways the unemployment rate can fall.
I'm Michel Martin and this is TELL ME MORE from NPR News. Later in the program, we will speak with a Christian leader who's led his church to rethink both its politics and its worship. It's the Reverend Cecil Williams of San Francisco's Glide Memorial Church. He and his wife, who's also a church leader, will join us for a Faith Matters conversation in a few minutes.
The 11.7 million Americans searching for work got discouraging news Friday morning when the Labor Department said employers created only 88,000 jobs in March. The weak job growth comes at the same time benefits for the long-term unemployed are shrinking.
The smaller-than-expected increase in payrolls was a big disappointment, coming after a long stretch of much better results. Over the past year, employment growth has averaged 169,000 jobs a month.
But the nation's jobless rate still edged down to 7.6 percent from 7.7 percent. That dip wasn't for a good reason, though: Nearly half a million fewer people were participating in the labor force. That smaller pool meant the jobless rate could tick down even as job growth was weak.
From 'Morning Edition': Yuki Noguchi talks with David Greene
Update at 8:41 a.m. ET.: Job Growth Slows Sharply, But Unemployment Rate Dips
Although economists had been expecting to hear that the U.S. economy added 200,000 jobs in March, the news is out and the number is far less. Just 88,000 jobs were added to private and public payrolls, the Labor Department reports. The jobless rate still edged down to 7.6 percent — but only because nearly half a million fewer people were in the labor force.
Bitcoin is a virtual currency that's traded largely online. It was created in 2009 in the aftermath of the global financial crisis as an alternative to currencies which are controlled by countries and central bankers. But Bitcoin has been on a wild ride lately, soaring in value during the anxious days of the Cyprus banking crisis.
We're going to look at the currency's history in today's Business Bottom Line. Here's NPR's Steve Henn.
Now former Enron CEO Jeffery Skilling could be released early from federal prison, as part of a reduced sentencing agreement under consideration at the Justice Department. Skilling was sentenced to 24 years in prison for his role in the collapse of the energy trading giant.
The Labor Department on Friday reported the nation's unemployment rate inched down to 7.6 percent in March, the lowest rate in four years, mainly due to more people stopping their search for work. In February, the job rate was 7.7 percent.
The computer maker's chairman Ray Lane has stepped down as executive chairman. He's been on thin ice with shareholders after his role in acquiring a business software company ended up hurting HP's bottom line.
Let's go now to the Great Plains, where farmers are preparing for what could be a tough growing season. They are scrambling to find irrigation water, which is scarce in the midst of the region's persistent drought. In eastern Colorado, thirsty cities have gobbled up water rights for decades, selling what they don't need back to farmers.
As Luke Runyon from member station KUNC reports, the agreement only works when water is plentiful.
Fast-food restaurants were a little bit slower Thursday in New York City. Hundreds of workers staged a one-day strike in what organizers are calling the biggest job action ever in that industry. It's a growing segment of the economy, but workers complain that fast-food jobs don't pay enough to survive in New York City.
If you've applied for a mortgage recently, you know how hard it can be. The bank demands all kinds of obscure documents and wants proof of almost every asset you own. But an innovative mortgage program halfway around the world will evaluate your application without any extra documentation — and if you're approved, it will give you a 15-year fixed-rate mortgage. There's just one catch: The mortgages are only for low-income people in Cambodia. The program is a throwback to the days when bankers got to know their customers — and trusted them.
OK. So Frommer's guidebooks will stay the same. "The Tonight Show" is changing. This is a long-running television network drama - the saga of NBC easing Jay Leno out of the chair. As NPR's David Folkenflik reports, Leno will be replaced next year by Jimmy Fallon, in a show based in New York City.
Bank foreclosures often force people out of their homes. Some houses re-sell, and new people move in. Five years ago, NPR's Emily Harris bought a house that sold in foreclosure. An evening ring at her doorbell led her to meet the person who had lived there before.