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Michelle Wright: A weaker than expected month for job growth in May, says Commerce Bank Chief Economist Joel Naroff.
Joel Naroff: Well, looks like businesses are becoming a little bit more cautious and while they still continue to hire, they are not hiring nearly at the pace that they had been.
Michelle Wright: Employers only added 75,000 jobs to the rolls last month.
Michelle Wright: Meanwhile, there was good news when it came to unemployment in May. The rate dropped to 4.6 percent. That's the lowest it's been in nearly five years.
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Michelle Wright: The Big three US auto-makers are catching up with their Japanese counterparts, according to the Harbor Report.
Ron Harbour: Today, that difference is, is much narrower. There, there, there is still some difference there, probably equivalent of, you know, two to five hundred dollars per vehicle.
Michelle Wright: Harbor Consulting President. Ron Harbour.
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Michelle Wright: The FDA is urging restaurants to cut back on their portions in an effort to fight obesity. However, that could be a hard thing to do concerning what many Americans consider getting a good meal-deal for your dollar.
Cathy Nunus: I think it's difficult for restaurants to do so, unless every restaurant decides to do it. Because, of course, we also have to re-educate the American consumer that smaller portions are better and they're not losing money. (laughing) Okay, it's still a good deal to have smaller portions.
Michelle Wright: Dietitian, Cathy Nunus.
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Michelle Wright: And Governor Arnold Schwarzenegger is asking the state legislature of California to approve a minimum wage increase without an annual cost-of-living increase.
Jim Ribble: Schwarzenegger, who vetoed two previous minimum wage increases, is asking the commission to increase the minimum wage earned by 1.4 million workers from 6.75 to 7.75 an hour, circumventing 2 separate bills that ties minimum wage increases to the Consumer Price Index, giving earners a yearly cost-of-living increase. Governor says he can't support what has failed before.
Arnold Schwarzenegger: You know, in government here, we have Automatic Spending Formulas, that increasing of spending, and it almost bankrupt the State of California. "
Jim Ribble: He says instead he wants a one-dollar-flat increase. Jim Ribble, CNN, Los Angeles.
Michelle Wright: With CNN Radio in the MarketPlace, I'm Michelle (Wright).
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WORDS AND EXPRESSIONS
circumvent: finding a way to overcome or avoid something 设法克服或避免
The Consumer Price Indexes (CPI) program produces monthly data on changes in the prices paid by urban consumers for a representative basket of goods and services.
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