News
WSJ | Little Hiring Seen by Small Business
The U.S. labor market could stay sluggish for a while, with small-business executives reluctant to hire amid the murky economic outlook.
CNN Money | Wages fall in sagging jobs market
Workers made less per week in June than anytime over the past 18 months, when adjusted for inflation.
WSJ | Worries Grow Over Jobs
Stocks Drop as Unemployment Rate Climbs to 9.2%; Private-Sector Hiring Sags.
CNN Money | Health care jobs a bright spot for hiring
As the pace of hiring slows and job opportunities dry up, one industry will remain the rare bright spot in an otherwise dismal job market: health care.
Econ Comments
Washington Times | GHEI: The unstimulated economy
Presidential spending binge brings more unemployment, not less.
Blogs
Heritage Foundation | Questions and Answers on America’s Unemployment
We asked The Heritage Foundation’s William Beach, Director of the Center for Data Analysis, to answer some questions about America’s economy and unemployment following the Department of Labor’s release of the June 2011 payroll report.
WSJ: Real Time Economics | Without Dropouts, Jobless Rate Would Be Over 11%
The unemployment rate increased to 9.2% in June, the Labor Department reported, but if the recession hadn’t pushed so many people out of the labor market it would have been much worse.
Political Calculations | June 2011 Jobs: Worse Than You've Heard
The surprising exception is the teen employment level, as June 2011 saw 59,000 more individuals between the ages of 16 and 19 enter the U.S. work force.
WSJ: Real Time Economics | Temp Help Shows Worrying Downward Trend
Temp jobs were down 12,000 in June and have dropped for three straight months — by 19,000 in all since April, according to the Labor Department.
Marginal Revolution | One reason why joblessness is so bad and so persistent
There is a new Kaufmann study by E.J. Reedy and Bob Litan and it echoes some of the themes raised in TGS...
WSJ: Real Time Economics | Economists React: Jobs Report an ‘Unmitigated Disaster’
Economists and others weigh in on the tepid rise in payrolls amid a increase in the unemployment rate.
Calculated Risk | How many jobs are needed over the next year to keep the unemployment rate steady?
Dean Baker writes: We Need 90,000 Jobs Per Month to Keep Pace With the Growth of the Population
Atlantic: McArdle | Why Unemployment Matters
Long-term unemployment is expecially bad--and that's what we're suffering from. It has been at unprecedented highs in this recession.
Daily Capitalist | Unemployment: It’s More Than A “Soft Patch”
The fear brought about by today’s employment report is almost palpable. Reports express “surprise,” ”shock,” and “disappointment” at the news that employers only added a net 18,000 jobs in June, the slowest pace in nine months, and that the unemployment rate increased to 9.2%, the highest level since December 2010.
Atlantic: McArdle | Jobs Report: Dismal News for the Economy, and the Administration
The scales don't exactly compare, but as you can see, by this point in his presidency (mid-1983) Reagan was starting to see a sharp decline. For Obama, by contrast, the numbers seem to be moving in the wrong direction.
Mercatus Center: Neighborhood Effects | “Where are the jobs from the Bush tax cuts?”
Though he almost certainly didn’t intend it this way, Senator Franken’s observation that the Bush years were not massive growth years actually bolsters the case for both spending cuts AND tax cuts.
EconLog | The Great Factor-Price Equalization
Once again, I want to point out that low job creation and stagnation are not the same thing.
