News
CNN Money | State, local layoffs to hit record levels
...this cash-strapped sector is set to go on a record-breaking layoff binge when the new fiscal year starts on July 1.
Washington Times | Jobs report has White House playing defense
White House economic adviser Austan Goolsbee, in an appearance Sunday on ABC’s “This Week,” objected testily to the use of the term “jobless recovery.”
WSJ | Industry Puts Heat on Schools to Teach Skills Employers Need
Big U.S. employers, worried about replacing retiring baby boomers, are wading deeper into education and growing bolder about telling educators how to run their business.
Econ Comments
Daily Caller | Obama's jobs recession
A couple of months ago, during the winter quarter, job gains looked to be picking up, unemployment was easing lower, and President Obama’s re-election hopes looked more secure. But things sure have changed.
Blogs
Calculated Risk | Birth/Death Model and Unemployment by Duration and Education
Last month I mentioned that anyone who subtracts the Not Seasonally Adjusted (NSA) birth/death model numbers from the headline SA payroll employment is making a mistake. Unfortunately some sites are still making this error.
Political Calculations | Teens Disappear from the U.S. Workforce
As of May 2011, over two million jobs (2,004,000) have disappeared from the U.S. economy since teen employment peaked in November 2006. Since the total employment level in the U.S. peaked a year later, some 1,671,000 fewer American teens are now being counted as being employed.
WSJ: Real Time Economics | Number of the Week: Profits Rise, but Unemployed Ranks Don’t Shrink
58.4%: Percentage of U.S. population employed.
Calculated Risk | Comparing Payroll Job Growth in 2011 to 2010
Although payroll job growth slowed sharply in May, with only 54,000 net jobs added, job growth this year is well ahead of 2010.
