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Friday, March 4, 2011

Employment

News                                                                                                                             
CNN Money | More jobs means worse traffic congestion
Had you noticed your drive to and from work got a little quicker the past couple of years?
Bloomberg | Republicans, Fed Clash on Job Impact of Spending Cuts
U.S. Representative Kevin McCarthy thought he had an ally in Federal Reserve Chairman Ben Bernanke on the impact that Republican budget cuts will have on jobs.
CNN Money | February jobs report: Unemployment falls again
The jobs outlook brightened in February, as strong business hiring helped trim unemployment to its lowest level in nearly two years.

Blogs                                                                                                                             
EconLog | Maladaptation to Higher Productivity
It may not be possible to shift the same workers out of excess-labor sectors into expanding sectors. Instead, the transition may involve workers with obsolete human capital exiting the labor force, with new vintages of labor gradually filling the expanding sectors.