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Friday, August 5, 2011

Employment

News                                                                                                                             
WSJ | Obama Reboots Jobs Plan as Hazards Loom
President Barack Obama is renewing his effort to push a jobs agenda as the economy sputters and financial markets stumble, but so far he's offering mostly modest proposals to a divided Congress focused on reducing the deficit.
CNN Money | Teaching jobs disappear
Friday's jobs report could kick off the worst quarter for state and local government jobs on record. And teachers are at the center of the bullseye.
WSJ | Payrolls Grow as Unemployment Ticks Down
The U.S. economy added more jobs than expected in July and the unemployment rate edged down, a move that should help ease concerns that a new recession may be around the corner.
CNN Money | BLS website crashes
The Bureau of Labor Statistics website crashed Friday morning, and a highly anticipated monthly report on payrolls and the unemployment rate was not available online for about an hour.

Econ Comments                                                                                                             
Washington Times | ENGLER: Obama’s discretionary jobs crisis
Looking for work? EPA plans to send you company.
WSJ | How Big Government Hurts the Average Joe
Job growth is very closely linked to GDP growth. If the economy is not growing, then jobs aren't being added.

Reports                                                                                                                         
Heritage Foundation | Heritage Employment Report: July Jobs Grow Slightly
The Bureau of Labor Statistics announced this morning that the U.S. economy added 117,000 jobs in July and that the unemployment rate fell from 9.2 to 9.1 percent, due in large part to people leaving the labor force.