News
Washington Times | Third Obama jobs bill blocked in Senate
The loss follows defeats last month for Mr. Obama’s full $447 billion jobs plan, and a separate slice of that plan that would have funded salaries for state and local teachers and emergency workers, all paid for by tax increases on Americans with annual incomes of $1 million or more.
Politico | Barack Obama: Jobs numbers 'positive'
In economic news on Friday that President Barack Obama called “positive” but said shows the economy is still growing much too slowly, the unemployment rate ticked down to 9 percent in October, while the country added a less-than-expected 80,000 jobs last month.
Econ Comments
The American | What If Middle-Class Jobs Disappear?
Structural change is an important factor in the current rate of high unemployment. The economy is in a state of transition, in which the middle-class jobs that emerged after World War II have begun to decline.
City Journal | Unleash the Entrepreneurs
As of August 2011, America employed 6.6 million fewer workers than it did four years earlier.
Blogs
WSJ: Real Time Economics | Vital Signs: Modest Private-Sector Hiring
The ADP National Employment Report showed employers added 110,000 jobs in October, down slightly from the revised 116,000 jobs added in September.
EconLog | Sentences I do not Understand
From a PSST perspective, when a job is destroyed, that means that a person leaves the market work force, unable to find a job at an acceptable wage. When a job is created, someone is pulled out idleness or home production and into market work.
Reports
Heritage Foundation | Heritage Employment Report: October Jobs Numbers Slowly Rise
The private sector added 104,000 jobs, while government jobs fell by 24,000.
