Yuki Noguchi

Yuki Noguchi is a correspondent on the Business Desk based out of NPR's headquarters in Washington D.C. Since joining NPR in 2008, she's covered business and economic news, and has a special interest in workplace issues — everything from abusive working environments, to the idiosyncratic cubicle culture. In recent years she has covered the housing market meltdown, unemployment during the Great Recession, and covered the aftermath of the tsunami in Japan in 2011. As in her personal life, however, her coverage interests are wide-ranging, and have included things like entomophagy and the St. Louis Cardinals.

Prior to joining NPR, Yuki started her career as a reporter for The Washington Post. She reported on stories mostly about business and technology, and later became an editor.

Yuki grew up with a younger brother speaking her parents' native Japanese at home. She has a degree in history from Yale.

Pages

Business
1:18 pm
Wed January 30, 2013

Grounding Of 787s Creates Doubts About 'Business As Usual' At Boeing

Investigators are still looking into the cause of fires and overheating aboard Boeing's new 787s.
Shizuo Kambayashi AP

Originally published on Wed January 30, 2013 2:39 pm

Boeing generated more cash than expected last year and reclaimed the top spot over rival Airbus as the world's biggest airplane maker.

But all that was overshadowed by the fact that its entire fleet of 787s is grounded after batteries on two of its planes either overheated or caught fire.

"For 2013, our first order of business, obviously, is getting the 787 back into service," Boeing CEO James McNerney says.

Read more
Crisis In The Housing Market
1:10 pm
Thu January 17, 2013

Homebuilding Is Booming, But Skilled Workers Are Scarce

New homebuilding reached a 4 1/2 year high in December, welcome news for an industry that lost 2 million jobs during the downturn. Despite those job losses, the sector is experiencing a labor shortage in some parts of the U.S.
Tony Dejak AP

Originally published on Thu January 17, 2013 1:29 pm

The construction industry in the U.S. is staging a comeback. In one indicator, the Commerce Department announced Thursday that new homebuilding has reached its highest level in 4 1/2 years.

While that's a promising sign for the industry, more than 2 million construction jobs have been lost in the sector since employment hit its peak. While some might expect that means plenty of people are ready to fill the new jobs, many markets around the country are actually experiencing a shortage of construction workers.

Read more
Your Money
10:24 pm
Wed January 9, 2013

New Mortgage Rules Would Limit Risky Lending

New federal mortgage rules come at a time when regulators and banks are trying to find a middle ground between overly lax and overly tight lending standards.
Mel Evans AP

Originally published on Thu January 10, 2013 10:04 am

The Consumer Financial Protection Bureau is releasing Thursday much anticipated new mortgage rules, which will restrict the kind of subprime lending practices that caused both the financial and housing sectors to crash five years ago.

The new rules come at a time when regulators and banks are trying to find a middle ground between overly lax and overly tight lending standards.

Read more
NPR Story
10:54 am
Wed December 26, 2012

Labor Force Participation At Lowest Point In 3 Decades

Originally published on Wed December 26, 2012 2:24 pm

Transcript

ROBERT SIEGEL, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel.

7.7 percent, that's the current unemployment rate. It's a full percentage point lower than this time last year. That sounds like progress, a modest number of new jobs are being added every month. But labor force participation, a measure of both people who are working and those who are actively looking for work, is at its lowest point in three decades.

Read more
Economy
11:54 am
Thu December 6, 2012

Businesses, Not Consumers, Sour On Economy

Shoppers carry bags during Black Friday sales at the South Shore Plaza in Braintree, Mass. Right now, consumers are feeling positive, but the mood among businesses is at recession levels.
Allison Joyce Getty Images

Originally published on Thu December 6, 2012 1:40 pm

When it comes to the economy, consumers and business owners have very different takes right now. Consumers are feeling positive, but the mood among businesses is at recession levels.

In a word, business owners are bummed.

"What we've found is that a lot of that optimism is not there right now," says Dennis Jacobe, chief economist for Gallup, which polled these small-business types just after the election.

Read more
Your Money
9:22 pm
Tue December 4, 2012

More Large Retailers Ease Customers' Path To Credit

Home Depot has long offered credit cards, partly to serve customers who have just suffered major house damage. The company has recently widened those efforts. Here, a Tampa, Fla., customer buys a generator and bottled water, preparing for Tropical Storm Isaac's arrival in August.
Joe Raedle Getty Images

Originally published on Wed December 5, 2012 4:09 am

Retailers are finding more ways to offer their customers financial products — mortgages, loans and the like. In the past, people looked to banks for this kind of product. But big-box stores are trying to find new ways of getting money to those who cannot use banks, or want to avoid them altogether.

Costco may be best known for pallets of bottled water or bulk toilet paper that can last a family an entire year. But earlier this year, it also added mortgages to its growing array of financial offerings.

Read more
Business
12:25 pm
Thu November 29, 2012

A Bet Or A Prediction? Intrade's Purpose Is Debated

Ireland-based Intrade lets users bet money on all manner of predictions — like if a particular film will win an Oscar. The site is ceasing operations in the U.S.
NPR/Intrade screen grab

Originally published on Thu November 29, 2012 1:02 pm

The popular website Intrade allows its users to bet on the odds of almost anything — like whether Syrian President Bashar al-Assad will get ousted by a certain date, or whether the movie Argo will win best picture at the Oscars.

This week, Ireland-based Intrade announced that U.S. users will have to unwind their bets and shut down their accounts by the end of the year. That's after the Commodity Futures Trading Commission sued Intrade for operating an unregistered exchange.

Read more
Crisis In The Housing Market
11:35 am
Wed November 14, 2012

Foreclosed Homeowners Getting Back In The Market

Millions of U.S. families have a recent foreclosure on their record. Typically, that means waiting at least seven years before securing another home loan. But some families say they are having luck buying again — sometimes in as few as three years.
Justin Sullivan Getty Images

Originally published on Wed November 14, 2012 1:15 pm

Buyers are coming back into the housing market after losing their homes during the financial crisis — returning to homeownership more quickly than lenders have typically allowed.

With millions of families with recent foreclosures on their records, some report that they are having luck buying a house — in some cases within three years.

Read more
Economy
11:28 am
Mon November 12, 2012

Opportunities Emerge For Vets In Tough Job Market

Last year, Congress passed legislation that — among other things — gave employers tax credits for hiring vets.
Haraz N. Ghanbari AP

Originally published on Mon November 12, 2012 1:28 pm

Many veterans aren't just looking for a job; they're looking for a career, a calling and, of course, financial stability. Those recently separated from the military have to confront what is still a fairly weak civilian job market.

Read more
Superstorm Sandy: Before, During And Beyond
7:15 pm
Sat November 3, 2012

Insurance Companies Rethink Business After Sandy

This aerial photo shows destruction in the wake of Superstorm Sandy on Wednesday in Seaside Heights, N.J.
Mike Groll AP

Originally published on Sun November 4, 2012 11:56 am

Superstorm Sandy capped what's been a pretty impressive couple of years for U.S. natural disasters. There have been wildfires, tornadoes, floods and derechos. And insurance companies are on the hook to pay billions in related claims.

"We're seeing more of everything, and what we're doing is trying to factor that in going forward as we work with others to have a better sense of what the future holds," says State Farm spokesman David Beigie.

Read more
Around the Nation
12:16 pm
Tue October 30, 2012

Losses From Sandy Could Reach $50 Billion

Transcript

ROBERT SIEGEL, HOST:

Homeowners, businesses, and insurance companies are still assessing the damage from the storm in much of the eastern U.S. But some early estimates are in.

And as NPR's Yuki Noguchi reports, Hurricane Sandy inflicted heavy economic damage.

Read more
NPR Story
11:52 pm
Mon October 15, 2012

Manufacturers Financially Support Hiring Vets

Originally published on Tue October 16, 2012 5:45 am

Transcript

RENEE MONTAGNE, HOST:

And four major manufacturers say they will start offering financial support for the training of military veterans. The corporations are taking part in a program called Get Skills to Work Coalition. It has said its initial goal at training 15,000 vets.

NPR's Yuki Noguchi reports.

YUKI NOGUCHI, BYLINE: Unemployment among veterans has been falling, as it has for everyone else. The jobless rate among vets serving after 2001 now stands at 9.7 percent, but that's still about 2 percentage points higher than the general population.

Read more
Economy
5:18 am
Sat October 6, 2012

Jobs Report Has Surprising Results

Originally published on Sat October 6, 2012 2:55 pm

Transcript

(SOUNDBITE OF MUSIC)

SCOTT SIMON, HOST:

This is WEEKEND EDITION from NPR News. I'm Scott Simon. The jobless rate fell sharply to 7.8 percent in September, which happens to be exactly where it was when President Obama took office. That's according to the U.S. Labor Department's latest monthly jobs report. But even though the unemployment rate dropped, the Labor Department's payroll survey reveals that businesses did not significantly hire new people. NPR's Yuki Noguchi has this report on how experts are interpreting the numbers.

Read more
Economy
11:51 am
Fri October 5, 2012

Apprenticeship, Social Support Keys In Job Training

Originally published on Fri October 5, 2012 6:07 pm

Transcript

MELISSA BLOCK, HOST:

The new jobs report, out today, shows a sharp drop in the unemployment rate. But millions of Americans are, of course, still looking for work. Often, the bridge between them and a good job is a training program to help give them a new set of skills. Programs to retrain America's workforce got quite a bit of attention in Wednesday's presidential debate, and NPR's Yuki Noguchi reports on one of them here in Washington.

Read more
Business
11:20 pm
Tue October 2, 2012

Homeowners Facing Foreclosure Get New Protections

Originally published on Wed October 3, 2012 5:14 am

Transcript

RENEE MONTAGNE, HOST:

Read more
Solve This
10:32 pm
Mon October 1, 2012

Candidates Say Little On Difficult Issue Of Housing

Despite millions of troubled mortgages around the country, housing hasn't been a major issue in the presidential race so far.
Justin Sullivan Getty Images

Originally published on Tue October 2, 2012 8:08 am

Housing continues to be a big issue for the economy, and for many voters. But so far it hasn't been a major issue in the presidential campaign. Perhaps that's because both sides agree that there's no easy fix for the problem of millions of troubled mortgages.

The Problem:

Cathy Busby and her husband co-owned a realty office in Denver when they bought their house in 2006. The next year, the market for houses dried up, leaving them with little income as their house lost value.

Now, she says, she considers herself "poverty level."

Read more
Economy
11:24 pm
Thu September 13, 2012

Discouraged In Hunt For A Job, Many Stop Looking

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.
Chip Somodevilla Getty Images

Originally published on Fri September 14, 2012 6:43 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.

Read more
Crisis In The Housing Market
12:56 pm
Wed September 5, 2012

Democratic Convention Draws Troubled Homeowners

David Sole rode a bus from Detroit to the Democratic National Convention in Charlotte, N.C., to protest how the Obama administration and the nation's banks have handled the foreclosure crisis.
Yuki Noguchi NPR

Originally published on Wed September 5, 2012 2:03 pm

Charlotte, N.C., host of the 2012 Democratic National Convention, is the nation's biggest financial center outside of New York. But Charlotte and surrounding Mecklenburg County have the highest foreclosure rates in the state, and many thousands of homeowners owe more on their homes than the properties are worth.

As thousands of Democrats converge in Charlotte for the convention, some troubled homeowners have also gathered, lamenting that the foreclosure crisis has not been sufficiently front and center in the presidential campaign.

Read more
Business
12:46 am
Thu August 30, 2012

Mortgage Settlement Overseer issues Report

Originally published on Thu August 30, 2012 2:42 am

Transcript

STEVE INSKEEP, HOST:

Let's follow up on another story. Earlier this year, five big banks settled the so-called robo-signing case, admitting they rushed the foreclosure processes for thousands of homeowners. Now, those banks are working to forgive and modify $20 billion worth of home loans.

As NPR's Yuki Noguchi reports, yesterday was the first chance to look at how banks are handling this part of the settlement.

YUKI NOGUCHI, BYLINE: Joseph Smith's first full report wasn't due until November, but he was eager to keep the issue top of mind.

Read more
Economy
9:46 pm
Thu August 16, 2012

Low Mortgage Rates Boost 'Serial Refinancers'

Originally published on Fri August 17, 2012 9:35 am

Refinance activity continues to boom, fueling the home-loan market. Low interest rates have created a class of "serial refinancers" — those lucky enough to borrow at lower rates — and given them new opportunities to spend their freed up cash.

Settlement attorney Robert Gratz never used to be on a first-name basis with his clients.

"In the past, our practice was such that you'd see people, and that was the end of it," he says.

Gratz now sees the same faces all the time, of clients refinancing again and again — these days in the mid-3 percent range.

Read more
Business
10:23 pm
Thu August 9, 2012

Why Evading U.S. Rules May 'Tempt' Foreign Banks

Police leave the Standard Chartered Bank's offices Tuesday in London. The bank has been accused of making billions of dollars' worth of transactions with the Iranian regime.
Matthew Lloyd Getty Images

Originally published on Fri August 10, 2012 9:42 am

The allegations this week against London-based Standard Chartered Bank raise questions, not just about the bank's viability but also about the efficacy of U.S. laws when it comes to foreign banks. Standard Chartered allegedly violated U.S. sanctions against Iran, and regulators said the bank's executives lied to investigators as part of a cover-up.

The case serves as yet another reminder that U.S. regulations, which have strengthened since the Sept. 11, 2001, terrorist attacks, apparently did not deter foreign banks from laundering money through their U.S. operations.

Read more
Business
12:27 am
Tue August 7, 2012

Best Buy's Founder Bids To Take Over Retailer

Originally published on Wed August 8, 2012 9:39 am

Transcript

STEVE INSKEEP, HOST:

Best Buy's founder and former chairman is not happy about the way things are going. That's why Richard Schulze said, yesterday, he wants to buy back the shares he does not already own and take the electronics retailer private. Schulze said he decided to publicly announce this offer because the board was taking too much time with it - could be worth nearly $9 billion in cash.

But as NPR's Yuki Noguchi reports, the deal is being met with some skepticism.

Read more
Crisis In The Housing Market
12:07 am
Tue July 31, 2012

Is Housing Recovery Real? Not Everyone Is Convinced

A construction worker carries lumber while working on new homes in San Mateo, Calif., in March. Homebuilding is at its highest level in nearly four years.
Justin Sullivan Getty Images

Originally published on Tue July 31, 2012 12:08 pm

Housing, the sector that led us into the recession, now looks to be one of the brighter spots in the economy. Homebuilding is at its highest level in nearly four years. More homes are selling, and at higher prices.

The question, of course, is whether this is a solid enough foundation to sustain a full housing recovery.

Lawrence Yun, the chief economist for the National Association of Realtors, says housing woes are largely behind us.

Read more
Business
11:09 pm
Wed July 25, 2012

For Temp Workers, 'Temp' Looking More Permanent

Job applicants outside the Staffmark temp agency in Cypress, Calif., in 2005. Temp hiring is usually a harbinger of an improving job market, but some analysts say more employers may be considering temps as a more permanent staffing solution.
Ric Francis AP

Originally published on Thu July 26, 2012 1:11 pm

While the job market remains sluggish, temporary work is one area that's done very well in the economic recovery. Companies are keeping their temps longer and are even using them to fill professional and high-ranking positions.

The average daily number of temporary workers employed during the first quarter of 2012 was more than 2.5 million. That's up from a low of 2.1 million in early 2009, according to the American Staffing Association.

Read more
Crisis In The Housing Market
10:20 pm
Thu July 12, 2012

County Considers Eminent Domain As Foreclosure Fix

Half of San Bernardino County's 300,000 mortgages are underwater. In an attempt to ease the mortgage crisis, the Southern California county is considering taking control of some of those properties by eminent domain.
Robyn Beck AFP/Getty Images

Originally published on Fri July 13, 2012 6:04 am

County and city officials in San Bernardino, Calif., are considering a controversial plan: using the power of eminent domain to take over "underwater" mortgages, where the value of the home is worth less than the original loan. Taking on those properties, officials say, would allow the homeowners to refinance those troubled loans.

Read more
Business
10:02 pm
Thu July 5, 2012

For Some Businesses, Daily Deals Have A Dark Side

Creative Hands is a therapy center in Washington, D.C., that used daily deals when it opened last year. Instead of bolstering revenue, the deals left Creative Hands' owner in the red.
Ebony Bailey NPR

Originally published on Mon July 30, 2012 4:20 pm

Groupon and Living Social have sold tens of millions of daily deals and are now a major force in retail. But they rely heavily on getting businesses to offer their goods and services at deep discounts. In exchange, businesses hope for payoff in the form of return customers.

Sometimes, though, the flood of extra business causes more problems than it solves.

Deal-Hungry Crowd

Ailie Ham had just opened Creative Hands Massage in Washington, D.C., when she decided to offer deals through Living Social and Groupon last year.

Read more
Business
10:37 am
Wed July 4, 2012

Ex-CEO: Barclays Isn't The Only Bank At Fault

Former Barclays CEO Bob Diamond leaves Parliament amid a crowd of reporters in London on Wednesday. Diamond, who resigned Tuesday, was questioned about a growing interest-rate manipulation scandal.
Matthew Lloyd Getty Images

Originally published on Wed July 4, 2012 12:35 pm

The fallen leader of Barclays Bank got on the hot seat before members of the British Parliament on Wednesday. Robert Diamond, an American, resigned Tuesday as CEO of the bank — the latest executive to lose his job over an interest-rate manipulation scandal.

The scandal has not only consumed Barclays, it also threatens to engulf other international banks — and high-ranking government officials, too.

Diamond started his career at Barclays on Independence Day, exactly 16 years ago. On Wednesday in London, he set off some fireworks all his own.

Read more
Judging The Health Care Law
8:48 pm
Thu June 28, 2012

Business Owners Mixed On Health Care Ruling

Protesters stand outside the U.S. Supreme Court on Thursday. The court's ruling upholding the federal health care law is expected to have wide-reaching implications for businesses.
Kris Connor Getty Images

Originally published on Sat June 30, 2012 11:13 am

Depending on whom you ask, the Supreme Court's decision to uphold the federal health care law will either help businesses grow or it will make them more hesitant to hire.

Thursday's decision to uphold the law, including the provision requiring individuals to buy insurance, has some far-reaching implications in the business world.

Dan Danner, CEO of the National Federation of Independent Business, a business lobby that helped bankroll the suit seeking to strike down the law, said the 5-4 decision was unambiguously bad for business.

Read more
Crisis In The Housing Market
11:20 am
Tue June 26, 2012

Sinking Under A $10,000 Monthly Mortgage Payment

Originally published on Wed June 27, 2012 1:50 pm

The nation's housing crisis has touched countless people. Increasingly, the well-off are among them.

Housing counselors around the country say they are seeing more people struggling to keep their million-dollar homes. It's a twist on a familiar story of hardship — but one that involves some very big numbers.

Moving Up, Falling Down

Read more
Crisis In The Housing Market
11:03 pm
Wed June 20, 2012

Bidders Get Feisty Over Foreclosed Homes

Daily auctions are held on foreclosed properties in front of the county courthouse in Corona, Calif. About 80 bidders, representing investors, show up to bid on properties.
Yuki Noguchi NPR

Originally published on Thu June 21, 2012 1:21 am

For-sale homes in California are sparse, even in areas with high foreclosure rates. It has led to buyers like Jennifer Bryant, who is willing to throw money at just about anyone willing to sell her a house.

Since February, Bryant has made 35 offers on homes in Riverside, only to be elbowed out by other bids. With few houses available and many bidders chasing these properties, she feels she has, at most, an hour to consider each house.

Read more

Pages