News
MarketWatch | U.S. private sector adds 38,000 jobs in May: ADP
Economists had predicted monthly growth of roughly 175,000.
Blogs
WSJ: Real Time Economics | Adjusting Wage Disparities for Cost of Living
Putting aside the giant metros, there were a few cities where the pay differences and cost of living differences didn’t line up.
WSJ: Real Time Economics | Drop in Jobless Rate Partly Tied to End of Benefits
New research from the Federal Reserve Bank of Chicago, released Tuesday, argued the end of these benefits “contributed modestly” to the drop in unemployment seen between October 2009, when it peaked at 10.1%, and January 2011. They note the former date lines up with when many jobless started losing their extended benefits.
