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Economy
4:52 pm
Fri September 14, 2012

Illinois and Missouri agree on Poplar Street Bridge upgrades

Credit HDR Engineering
Lane and ramp upgrade designs for Poplar Street Bridge vincinity
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Illinois and Missouri officials appear to agree on a series of phased upgrades to the Poplar Street Bridge.

The plan would add a third eastbound I-64 lane over the bridge, as well as provide a two-lane onramp from northbound I-55.

MoDOT District Engineer Ed Hassinger says the $80 million in upgrades will go a long way toward smoothing the flow of traffic over the Mississippi.   

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Economy
9:57 am
Fri September 14, 2012

Discouraged in hunt for a job, many stop looking

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Credit Chip Somodevilla / Getty Images
A job fair was held at the The Walter E. Washington Convention Center in Washington, D.C., last month. The U.S. unemployment rate declined in August in part because the number of "discouraged workers" climbed.
Credit Courtesy of Geoff Dutton
Geoff Dutton, an unemployed software developer, has given up on finding a job. He says the market has shifted, and he could not keep up. "I wasn't up on the new version of everything anymore," he says.
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Originally published on Fri September 14, 2012 10:43 am

The U.S. population is growing. In normal times, the labor force — working or not — would be growing too. But these are not normal times, and the labor force is actually smaller than it was four years ago, meaning millions of people who should be there aren't.

The reasons people drop out of the workforce are myriad. People go back to school. Others have health issues or family priorities that keep them from looking for work. But some stop looking because they are discouraged.

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The Two-Way
11:59 am
Thu September 13, 2012

Federal Reserve announces new round of economic stimulus

Credit Ted S. Warren / AP
Federal Reserve Chairman Ben Bernanke arrives for a dinner at the Jackson Hole Economic Symposium on Thursday.
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By Eyder Peralta

Originally published on Thu September 13, 2012 12:22 pm

Update at 12:31 p.m. ET. Federal Reserve Announces QE3:

The Federal Reserve announced it would spend $40 billion a month on bond purchases in an effort to stimulate the economy and drive the the unemployment rate down.

The Wall Street Journal says that unlike the first two rounds of Quantitative Easing, this time the Fed will focus solely on buying mortgage-backed securities.

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