So, another month passes with U.S. stuck in a jobless recovery. Yet many major businesses are reportedly doing well. Their stock price is up. They have cash on hand. So why aren't more companies hiring?
I'm joined now by two chief executive officers. Christopher Gorman is the president of Key Corporate Bank and the CEO of KeyBank in Cleveland. He joins us from his office there. Mr. Gorman, thanks for being with us.
This is WEEKEND EDITION from NPR News. I'm Scott Simon. Eight-point-two percent, that's the number economists and politicians are looking at closely. It is the unemployment rate for the month of June. The U.S. Labor Department reported that the economy added only 80,000 jobs last month. As the economy continues its very slow recovery, it's worth asking, is the jobs report always the best indicator? NPR's Sonari Glinton has more.
Italian forward Mario Balotelli celebrates after scoring the second goal during Italy's Euro 2012 football championships semifinal match against Germany, June 28, at the National Stadium in Warsaw.
Credit Francisco Leong / AFP/Getty Images
Italian forward Mario Balotelli celebrates after scoring the second goal during Italy's semifinal matchup with Germany in the Euro 2012 soccer championships in Warsaw, June 28. Italy went on to lose in the finals to Spain, but Balotelli has been hailed as a national hero, spurring debate over what constitutes Italian-ness.
Credit Gabriel Bouys / AFP/Getty Images
A demonstrator holds a placard reading "No to racism" in front of Santa Maria Novella church in Florence, Italy, during a Dec. 17, 2010, anti-racism march in memory of two Senegalese men who were killed four days earlier by a far-right Italian.
A power pole is bent after severe storms hit the Bemidji, Minn., area on Tuesday, knocking down thousands of trees and causing extensive damage to utility lines. Thousands of customers were left without power.
As hundreds of thousands swelter without power a week after a violent storm pummeled the Midwest and Mid-Atlantic, energy experts say the future will look even worse if the nation's aging, congested electrical grid isn't upgraded.
Siblings Charles Hagood and Nancy Hagood Nunns grew up in Junction, Texas, in the 1950s. Charles says the drought drove ranchers to find other types of work.
Credit Michael O'Brien / Michael O'Brien
When Mort Mertz, 88, returned from the Korean War in 1952, he started ranching in New Mexico and West Texas. He later moved with his new wife to the Mayer Ranch outside San Angelo to raise sheep, cattle and horses and to fight the drought.
Credit Michael O'Brien / Michael O'Brien
The long drought affected Sandy Whittley, 74, and her neighbors while she was residing in San Angelo.
In Texas, there is still the drought against which all other droughts are measured: the seven-year dry spell in the 1950s. It was so devastating that agriculture losses exceeded those of the Dust Bowl years, and so momentous that it kicked off the modern era of water planning in Texas.
From 1950 to 1957, the sky dried up and the rain refused to fall. Every day, Texans scanned the pale-blue heavens for rainclouds, but year after year they never came.
Secretary of State Hillary Clinton made an unannounced visit to Afghanistan this morning, and she brought along some news. The country has officially been designated a "major non-NATO ally" of the U.S., which will facilitate defense and security cooperation between the countries even after the U.S. withdraws combat troops in 2014.
In an emailed press release, the State Department says the status "qualifies a country for certain privileges supporting defense and security cooperation but does not entail any security commitment to that country."
Seth Rogen and Michelle Williams as a husband and wife whose marriage becomes strained in <em>Take This Waltz</em>, the latest film from Canadian director Sarah Polley.
Credit Magnolia Pictures
Sarah Polley on the set of <em>Take This Waltz</em>. Before turning to writing and directing with 2006's <em>Away from Her</em>, Polley was known as an actress in films such as <em>Go,</em> <em>The Sweet Hereafter</em> and <em>Dawn of the Dead</em>.
Sarah Polley started acting when she was 4, in her native Canada. She earned critical acclaim for her performance as a teenage girl injured in a school bus crash in Atom Egoyan's film The Sweet Hereafter.
Polley made her debut as a director with the subtle and devastating filmAway from Her — a portrait of a marriage later in life, as the wife (Julie Christie) is pulled away by Alzheimer's disease.
Since 1978, Rosa Tarlovsky de Roisinblit has waged a relentless search to find her daughter, Patricia, who was kidnapped by military henchmen and never seen again. Twelve years ago, Roisinblit did find Patricia's son, who is now in his 30s.
Credit Silvina Frydlewsky for NPR
Former Argentinean dictators Jorge Rafael Videla, center, and Reynaldo Bignone, right, were convicted for their roles in stealing babies from political prisoners during the country's military dictatorship in the 1970s and 1980s.
Credit Enrique Garcia Medina / EPA/Landov
Elsa Sanchez de Oesterheld, 87, looks at pictures of her four daughters who were killed by the military dictatorship. Two of the daughters were pregnant when they were seized, but Oesterheld still does not know what happened to the babies.
As a judge in Argentina read out the 50-year prison term handed down to former dictator Jorge Rafael Videla, a courtroom packed with the families of the victims celebrated, feeling that justice had at last been delivered.
And no one watching Thursday's historic sentencing in Buenos Aires had worked so hard for justice as the tenacious members of one of the world's most renowned human rights groups, the Grandmothers of the Plaza de Mayo.