News
MarketWatch | Growth slows as labor markets ‘soft’: Beige Book
Soft labor markets and weak real estate offset a slight boost to consumer spending and an encouraging start to the tourism season, the Federal Reserve reported Wednesday in its Beige Book of anecdotal evidence on the U.S. economy.
MarketWatch | Jobless claims hit 3-month low of 398,000
Applications for benefits below 400,000 for first time since April.
Econ Comments
WSJ | The White House vs. Boeing
The Obama Administration opposes a bill to rein in the NLRB.
FT | America’s turbulent jobs flight
US manufacturing has a good story to tell but that story is about technology and productivity rather than jobs for the millions of people out of work and facing a jobless recovery.
WSJ | Want Jobs? Cut Local Regulations
It takes 700 hours of training to become a licensed manicurist in Alabama.
Blogs
Forbes: Unconventional Logic | The Unemployment Situation Is Getting Worse
So, in terms of the rate of employment deterioration, Obama’s presidency has been more than twice as bad as George W. Bush’s. Obama’s jobs regression totals are not (yet) as high as Bush’s, but he has not had nearly as much time in office.
