News
CNN Money | Obama proposes sweeping changes to unemployment benefits
The nation's unemployment benefits system would undergo extensive changes under the jobs proposal President Obama outlined Thursday.
WSJ | BofA Cutbacks May Hit 40,000
Bank of America Corp. officials have discussed eliminating roughly 40,000 positions during the first wave of a restructuring that Chief Executive Brian Moynihan is expected to discuss Monday, said people familiar with the plans.
Econ Comments
WSJ | The Latest Jobs Plan
More temporary and targeted tax cuts and spending increases.
Daily Caller | One job-training program conservatives should embrace
The program recognizes that unemployment not only costs workers their lost wages but robs them of valuable experience they need to move up the ladder.
Washington Times | NFIB: Speech not enough to restore confidence in job creators
Gushers of federal cash, temporary tax breaks don’t help small business.
CNN Money | The unemployment facts we'd rather not face
The harsh reality is that many job applicants can't find work because they aren't qualified for today's open jobs.
Blogs
Cato@Liberty | One Expensive New Job Forward, Two Existing Jobs Back
As the president was pitching his jobs plan last night, his current policies were hard at work discouraging job creation and incentivizing layoffs.
Atlantic: McArdle | Obama's Job Plan: Mostly More of the Same
So we've been standing by all week for Obama's big jobs speech, promised in response to the awful jobs numbers last month.
Cato@Liberty | For Jobs, Cut the Corporate Tax Rate
The way to think about jobs is to think first about investment. Workers are expensive, so businesses don’t hire them willy nilly.
NRO: The Corner | Unemployment Rates: Promised vs. Actual
White House economists forecast that without ARRA spending, the unemployment rate would increase from 7 percent to 8.8 percent. Unfortunately, the administration’s estimates were wrong by a vast margin.
WSJ: Real Time Economics | Economists React: Gauging Impact of Obama Jobs Proposal
Economists and others weigh in with some early reactions to the president’s jobs proposal.
NRO: The Corner | Why Infrastructure Spending Is a Bad Bet
We have heard many times that infrastructure spending, in one form or another, is the key to growth and job creation — and, in the president’s defense, he certainly isn’t the only one who refers to stimulus and government spending as “investing” in infrastructure.
Reports
RCM: Wells Fargo Economics Group | Long-Term Unemployment: Costs & Consequences
At Jackson Hole, the issue of long-term unemployment came up in several sessions, and we would like to highlight some views on this issue.
