Business and Economy

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"Full employment" is a phrase economists use to explain how the job market recovers from a recession. We'll be hearing this phrase a lot as the Labor Department releases the latest jobs data on Friday. It's expected to show that employers added even more workers in January.

But the phrase doesn't tell the full story for millions of Americans either still out of work or who are looking for something better than part-time work.

What is full employment and what does it mean?

One month down, two to go.

For unemployed adults in 22 states, that's how long they can count on help with the grocery bills: Starting this January, they have three months to find a job or lose their food assistance.

SNAP benefits — formerly known as food stamps — have been tied to employment for two decades. Unless they are caring for children or unable to work, adults need to have a job to receive more than three months of benefits.

Can drone racing be the next NASCAR? That's what Nick Horbaczewski is banking on. He is the CEO of the Drone Lacing League, and he's lined up millions in venture capital to bring his vision to reality.

Copyright 2016 NPR. To see more, visit http://www.npr.org/.

Copyright 2016 NPR. To see more, visit http://www.npr.org/.

Transcript

SCOTT SIMON, HOST:

Atlantic City has been in decline for decades. And now the state of New Jersey has made a deal with the city to take over its finances and try to turn the formerly high-rolling town around.

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Copyright 2016 NPR. To see more, visit http://www.npr.org/.

The Obama administration is proposing a new rule to address unequal pay practices by requiring companies with more than 100 employees to submit salary data by race, gender and ethnicity.

The announcement comes seven years after President Obama signed the Lilly Ledbetter Fair Pay Act — his first piece of legislation as president — which makes it easier for women to challenge discriminatory pay in court.

Farm workers in two of the nation's most important agricultural counties joined other low-wage food sector workers on Wednesday, demanding better wages with a new Bill of Rights.

The thrust of the bill, which is aimed at workers in Ventura and Santa Barbara counties in California, is to establish a "rule of law" in the fields, observers say.

Xerox will be splitting into two companies — one dedicated to document management, including the printing and copying technology that made Xerox's name, and another for business process outsourcing.

The split will be completed by the end of the year. The names of the two companies, as well as their leadership structures, have yet to be determined, Xerox says.

Brent Fuchs / The Journal Record

Two Oklahoma energy companies announced key business decisions this – one took on more debt, and the other cut spending by $1 billion.

It’s been a rocky few months for SandRidge Energy – the company’s stock has been delisted from the New York Stock Exchange, and has been in a dispute with the Oklahoma Corporation Commission over compliance with wastewater directives in earthquake-prone areas. On Monday, the Oklahoma City-based company announced it would borrow $488 million to pay for general corporate operations.

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