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Monday, October 24, 2011

Employment

News                                                                                                                             
Bloomberg | Employment Outlook in U.S. Worst Since 2010: Survey
Within the employment outlook, 29 percent of companies said they would increase hiring, down from 43 percent in July, while 59 percent reported they plan no change in staff, a 10-point jump.
NY Times | Jobs Plan Stalled, Obama to Try New Economic Drive
According to an administration official, Mr. Obama will kick off his new offensive in Las Vegas, ground zero of the housing bust, by promoting new rules for federally guaranteed mortgages so that more homeowners, those with little or no equity in their homes, can refinance and avert foreclosure.

Econ Comments                                                                                                             
WSJ | Why Companies Aren't Getting the Employees They Need
The conventional wisdom is that our education system is failing our economy. But our companies deserve a lot of the blame themselves.

Blogs                                                                                                                             
Calculated Risk | State Unemployment Rates "little changed" in September
Two states and D.C. are at 2007 recession highs: Arkansas (8.3%), D.C. (11.1%), and Texas (8.5%).
Café Hayek | Is a Large Proportion of American Adults Stuck in Poverty-Level Jobs?
It is quite possible for nearly all minimum-wage jobs (or “poverty-level jobs”) to be transitory while, at the same time, “a large proportion of adults in poverty-level jobs remain in those jobs over their careers.”