News
WSJ | U.S. Economy Shows No Job Growth
Unemployment Rate Stays at 9.1% as Bleak Figures Raise Pressure on Washington to Act
CNN Money | White House: Slower jobs recovery ahead
The White House budget office forecast Thursday that the unemployment rate won't fall below 6% until 2017 -- two years later than it predicted in February, when President Obama delivered his 2012 budget proposal to Congress.
Econ Comments
Washington Times | CREWS: Obama’s anti-jobs agenda
Midyear regulatory reform report card doesn’t look good.
Blogs
WSJ: Real Time Economics | Government Cutbacks Spur More Layoffs
Governments cut a total of 17,000 employees last month after slashing 71,000 workers the prior month, the Labor Department said Friday.
NRO: The Corner | A PR Disaster for ‘Green Jobs’
First, in August, the New York Times printed an acknowledgement that the administration’s “green jobs” initiative — which the president promised would create 5 million green jobs over ten years — had failed.
Heritage Foundation | Labor Day 2011: Slideshow of Unemployment in America
America has the weakest labor market since the Great Depression. Unemployment remains above 9 percent, primarily because job creation hasn’t recovered
WSJ: Real Time Economics | Long-Term Unemployment Casts Doubt on Fed’s Ability to Help
...it also means more expansive monetary policy won’t be as effective in curing what ails the labor market, Andreas Hornstein, Thomas A. Lubik and Jessie Romero argue in a new paper from the Federal Reserve Bank of Richmond.
Calculated Risk | Employment Summary, Part Time Workers, and Unemployed over 26 Weeks
There are a total of 13.967 million Americans unemployed and 6.0 million have been unemployed for more than 6 months. Very grim.
WSJ: Real Time Economics | Broader Unemployment Rate Rises to 16.2%
The comprehensive gauge of labor underutilization, known as the “U-6″ for its data classification by the Labor Department, accounts for people who have stopped looking for work or who can’t find full-time jobs.
Reports
NBER | Substitution Between Individual and Cultural Capital: Pre-Migration Labor Supply, Culture and US Labor Market Outcomes Among Immigrant Women
In this paper we use New Immigrant Survey data to investigate the impact of immigrant women’s own labor supply prior to migrating and female labor supply in their source country to provide evidence on the role of human capital and culture in affecting their labor supply and wages in the United States.
