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Wednesday, March 9, 2011

Employment

News                                                                                                                             
WSJ | Greek Jobless Rate Accelerates
Greece's unemployment rate continued to accelerate in December, rising to 14.8% compared with 10.2% in December 2009, the statistics service ELLSTAT said Wednesday.

Econ Comments                                                                                                             
WSJ | Jobs, Regulations and Broken Windows
The White House thinks that more regulations will create more jobs.
Investors | Cynical Unions Are No Friends To U.S. Workers
The biggest myth about labor unions is that unions are for the workers. Unions are for unions, just as corporations are for corporations and politicians are for politicians.
WSJ | LAMBRO: A strong dose of economic reality
Dismal jobs report shows Obamanomics isn’t working
Minyanville | Is Unemployment Really Declining?
The employment situation may moderate during 2011, but don't expect to see the job growth needed to significantly drop unemployment levels back to pre-crash levels.

Blogs                                                                                                                           
CSM: Stefan Karlsson's Blog | Education and employment don't have to be linked
In the US, the unemployment rate is much lower for highly educated people, but such a correlation doesn't exist in every country.
Daily Capitalist | Is Unemployment Really Declining?
I tend to believe the BLS unemployment numbers in that they indicate marginal gains in employment, although they are probably statistically insignificant. Last Friday’s report said that the civilian unemployment rate declined to 8.9% from 9.0%.
Political Calculations | The Minimum Wage and Job Loss from 2006 through 2010
So, in percentage terms of the change in total employment level from 2006 to 2010, jobs affected by the federal minimum wage hikes of 2007, 2008 and 2009 account for 42.5% of the total reduction in jobs seen since 2006.