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Economy
2:35 pm
Fri May 4, 2012

'Dejected': Some Unemployed Give Up The Hunt

People wait at a job fair in New York City's Queens borough on Thursday. While millions of out-of-work Americans continue to seek employment, others have given up looking.
Spencer Platt Getty Images

The unemployment rate slipped a notch to 8.1 percent in April, but not because employers went on a hiring spree.

Instead, the jobless rate appeared to improve because fewer people were applying for positions. Last month, the civilian labor force shrank by 342,000 people.

Economists say many of those workforce dropouts were "discouraged" workers who moved to the sidelines after months, even years, of trying to nail down jobs.

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The Record
2:30 pm
Fri May 4, 2012

Adam Yauch, Co-Founder Of The Beastie Boys, Dies

Adam Yauch (left) with the Beastie Boys in 1987. The gruff-voiced rapper known as MCA died Friday after a battle with cancer.
Ebet Roberts Getty Images

Originally published on Sat May 5, 2012 11:29 am

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It's All Politics
2:18 pm
Fri May 4, 2012

Surprising No One, Obama, Romney Don't Agree On Meaning Of April Jobs Stats

Originally published on Fri May 4, 2012 3:57 pm

Justin Wolfers, an economist known for, among other things, his sardonic wit, may have made the best comment of the day on the heels of the April jobs report out Friday. He tweeted:

"The worst part of today's jobs report? It provides just enough inane talking points for both sides of politics."

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The Two-Way
2:01 pm
Fri May 4, 2012

New Allegations Of Sexual Misconduct Surface Against Dominique Strauss-Kahn

Dominique Strauss-Kahn in the studio of the French TV network TF1.
Francois Guillot AFP/Getty Images

Originally published on Fri May 4, 2012 2:13 pm

Dominique Strauss-Kahn, the former chief at the International Monetary Fund, is facing more allegations of sexual misconduct.

Strauss-Kahn was considered a top contender for the French presidency until he was accused of rape by a New York City hotel maid. That case against him was dropped, but it cost him his IMF job and then French investigators implicated Strauss-Kahn in a prostitution probe.

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The Two-Way
12:47 pm
Fri May 4, 2012

Beastie Boys' Adam Yauch Has Died

Adam Yauch of the Beastie Boys during a 2001 performance in New York City.
Scott Gries Getty Images

Originally published on Fri May 4, 2012 2:26 pm

Update at 2:30 p.m. ET: The news that Adam Yauch of the Beastie Boys has died has now been confirmed by the group's public relations firm.

Our original post:

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