Jim Zarroli

Jim Zarroli is a business reporter for NPR News, based at NPR's New York bureau.

He covers economics and business news including fiscal policy, the Federal Reserve, the job market and taxes

Over the years, he's reported on recessions and booms, crashes and rallies, and a long string of tax dodgers, insider traders and Ponzi schemers. He's been heavily involved in the coverage of the European debt crisis and the bank bailouts in the United States.

Prior to moving into his current role, Zarroli served as a New York-based general assignment reporter for NPR News. While in this position he covered the United Nations during the first Gulf War. Zarroli added to NPR's coverage of the aftermath of Hurricane Katrina, the London transit bombings and the September 11, 2001 attacks on the World Trade Center.

Before joining the NPR in 1996, Zarroli worked for the Pittsburgh Press and wrote for various print publications.

Zarroli graduated from Pennsylvania State University.

Pages

Economy
6:32 pm
Thu December 18, 2014

Opportunity, Caution Seen For U.S. Banks As Cuba Rules Ease

President Obama announces changes to U.S. policy on Cuba, including relaxing restrictions on U.S. banking in the country, in Washington, D.C. on Wednesday.
Doug Mills / Pool EPA/Landov

Among the changes to U.S. restrictions on Cuba President Obama announced Wednesday was a relaxation of the rules barring U.S. banks from doing business there.

Americans traveling in Cuba will now be able to use their credit cards and ATM cards, but many U.S. banks see the new rules as something of a legal minefield.

Read more
Economy
3:36 am
Tue December 16, 2014

'Reshoring' Trend Has Little Impact On U.S. Economy, Study Finds

An "Assembled in the USA" stamp is seen at the side of a box containing a 32-inch television set May 29 in the warehouse of Element Electronics, in Winnsboro, S.C. For the phenomenon of "reshoring," or bringing overseas jobs back to the United States, the electronics sector has been a leader.
Chris Keane Reuters/Landov

Originally published on Thu December 18, 2014 6:27 pm

A report on the phenomenon known as "reshoring" — the opposite of offshoring — shows that while a growing number of companies are returning to the United States to do their manufacturing, the trend is smaller and less significant to the economy than it appears.

Read more
Your Money
3:30 am
Mon December 15, 2014

Lockheed Martin Case Puts 401(k) Plans On Trial

Aerospace giant Lockheed Martin is being sued for choosing retirement funds that shortchanged its employees and charged high fees.
Peter Macdiarmid Getty Images

Originally published on Mon December 15, 2014 7:16 am

A trial gets under way in St. Louis on Monday that could have a big impact on the way companies select 401(k) plans for their employees.

Lockheed Martin is being sued for choosing retirement funds that shortchanged its employees and charged high fees. The case tests the limits of a company's responsibilities to its employees at a time when 401(k) plans have become a central part of the nation's retirement system.

Read more
Politics
5:06 am
Thu December 11, 2014

Pension Deal In Spending Bill Will Cut Benefits Before Safety Net Fails

Originally published on Thu December 11, 2014 8:13 am

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

Transcript

STEVE INSKEEP, HOST:

Read more
Economy
5:33 pm
Fri November 28, 2014

Immigration Policy May Mean Better Jobs, But Impact On Labor Unclear

Originally published on Fri November 28, 2014 6:22 pm

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

Business
5:08 am
Fri November 21, 2014

Senate Panel Probes Fed's Oversight Of Commodity Trading

Originally published on Fri November 21, 2014 12:46 pm

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

Transcript

ARUN RATH, HOST:

Wall Street bankers faced questions before Congress yesterday.

STEVE INSKEEP, HOST:

They're executives from Goldman Sachs, Morgan Stanley and JPMorgan Chase.

RATH: And they defended their banks in front of a Senate investigator.

Read more
Business
4:27 pm
Wed November 19, 2014

1 Million American Pension Plans Could Be Insolvent In 10 Years

Originally published on Wed November 19, 2014 6:16 pm

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

Transcript

ROBERT SIEGEL, HOST:

Read more
Business
4:21 pm
Wed November 5, 2014

Business Leaders Hope Shifts In Congress Will Bring Tax Reform

Originally published on Thu November 6, 2014 10:23 am

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

Transcript

MELISSA BLOCK, HOST:

Read more
Parallels
4:57 am
Fri October 31, 2014

Why Deflation Is Such A Big Worry For Europe

A farmer protesting falling prices dumps cauliflower in front of the prefecture building of Saint-Brieuc in northwestern France as police look on Sept. 24.
Fred Tanneau AFP/Getty Images

Originally published on Fri October 31, 2014 10:46 am

Growth is slowing all over the world right now, and that's especially true in Europe. Much of the continent is on the brink of another recession, and even the German economy is sputtering to a halt.

Some of the weakest countries, such as Spain and Italy, are actually experiencing deflation — a broad drop in incomes and asset values. It's a painful process that can be hard to reverse once it starts.

Europe's long, slow economic downturn has taken its toll on Javier Oroz Rodriguez, who owns a butcher shop in downtown Madrid.

Read more
Economy
4:05 pm
Fri October 17, 2014

Drop In Unemployment Raises Debate On Optimal Rate

A notice in a store window in New York City announces a retail job opening. Now that unemployment has slipped below 6 percent, there's renewed interest in what the Federal Reserve's target for joblessness should be.
Spencer Platt Getty Images

Originally published on Fri October 17, 2014 6:26 pm

The U.S. unemployment rate has been falling steadily over the years. Down from the recession peak of 10 percent in 2009, it reached 5.9 percent in September.

That's getting close to what economists call the natural unemployment rate — the normal level of joblessness you'd expect in a healthy economy.

But a lot of economists are asking whether the old rules about full employment still apply.

Read more
Economy
5:11 pm
Wed October 15, 2014

Turmoil Continues In Financial Markets As Dow Plunges

A trader works on the floor of the New York Stock Exchange on Wednesday. Stocks took a beating, with key indexes falling more than 2 percent before bouncing back slightly.
Spencer Platt Getty Images

Originally published on Wed October 15, 2014 7:54 pm

It was another stomach-churning day on Wall Street. At one point, the Dow industrials were down 460 points — a huge drop that followed four consecutive days of stock market losses.

The decline more than wiped out the year's gains. But then late in the trading day, tocks started to recover. And by the close, the Dow's loss was a little more than 1 percent.

Investors are worried about a global economic slowdown, the Federal Reserve's next move and even the Ebola virus.

Read more
World
4:31 pm
Mon October 13, 2014

Economics Nobel Awarded For Work On Regulating Big Businesses

Originally published on Mon October 13, 2014 4:58 pm

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

Economy
7:42 am
Mon October 13, 2014

French Economist Wins Nobel For Market Power And Regulation Research

Originally published on Mon October 13, 2014 9:42 am

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

Transcript

RACHEL MARTIN, HOST:

Read more
Business
5:11 am
Mon October 13, 2014

Speculation Abounds Over Who Will Win Economics Nobel

Originally published on Mon October 13, 2014 9:42 am

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

Transcript

RACHEL MARTIN, HOST:

Read more
Business
4:23 pm
Thu October 9, 2014

Stock Market Has Wild Week Of Ups And Downs

Originally published on Thu October 9, 2014 6:28 pm

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

Asia
4:14 pm
Fri October 3, 2014

Hong Kong Protests Could Make Beijing Choose Between Prosperity, Control

Originally published on Fri October 3, 2014 6:17 pm

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

Transcript

MELISSA BLOCK, HOST:

Read more
Law
4:08 pm
Tue September 30, 2014

Six Years After Financial Crisis, Litigation Carries On With AIG Suit

Originally published on Tue September 30, 2014 6:46 pm

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

Law
5:06 am
Tue September 30, 2014

U.S. Judge Holds Argentina In Contempt After Debt Default

Originally published on Tue September 30, 2014 1:46 pm

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

Transcript

AUDIE CORNISH, HOST:

Read more
Business
4:27 pm
Wed September 24, 2014

New Treasury Rules May Slow, But Not Stop, Corporate Inversions

Originally published on Fri September 26, 2014 11:12 am

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

Transcript

RACHEL MARTIN, HOST:

Read more
Business
5:07 am
Tue September 23, 2014

Treasury Announces Steps To Reduce Corporate Tax Dodges

Originally published on Tue September 23, 2014 1:20 pm

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

Pages