Econ Comments
RCM | Obama's Jobs Plan Takes a Page From Marx
The president has unveiled a plan to cut joblessness with an industrial policy from the 19th century. In this "new" economy, government will pick winners and losers for industry. It didn't work then, it won't work now.
WSJ | The Lone Star Jobs Surge
The Texas model added 37% of all net U.S. jobs since the recovery began.
Blogs
WSJ: Real Time Economics | Three Jobs Scenarios: Which Is Most Likely?
A new report from the McKinsey Global Institute estimates that the U.S. needs to add 21 million jobs to by 2020 to reach pre-recession unemployment of about 5%. The report sketches out one scenario for how the U.S. will get there — and two others for how it won’t.
EconLog | The Long Recalculation
The point that I make often is that the NBER declared the end of the 2001 recession much too early. From an employment standpoint, that recession lasted through most of 2003, perhaps longer.
WSJ: Real Time Economics | Will Stronger Exports Lead to Significant Job Growth?
April’s news on trade was quite good, and U.S. manufacturers can thank the Federal Reserve. But improving growth falls far short of solving all the economy’s problems, especially with job growth.
