News
WSJ | Generation Jobless: Young Men Suffer Worst as Economy Staggers
The unemployment rate for males between 25 and 34 years old with high-school diplomas is 14.4%—up from 6.1% before the downturn four years ago and far above today's 9% national rate.
Daily Finance | Unemployment Hurting the Oldest and Youngest Workers
Total payroll employment is now back to the level of July 2004, according to The Wall Street Journal's David M. Wessel. Still, of the 8.8 million jobs lost in the recession, only a quarter have been regained so far.
Econ Comments
WSJ | When 9% Is a Relief
Tepid job growth, but no recession.
Washington Times | EDITORIAL: Create jobs by cutting red tape
Radical reform is needed to improve the dire unemployment situation.
RCM | Unemployment: Best Stimulus Is No Stimulus
In France during the G-20 meeting Friday, Obama blasted Republicans for their failure to pass another round of stimulus spending - this time dubbed a "jobs bill."
Minyanville | Where Will the Jobs Come From? As Always, From Entrepreneurs
The entrepreneur with his venture capital firm is one of those millionaires that some want to raise taxes on. If you take another 5% from him, that is 5% less that he can invest.
Blogs
WSJ: Real Time Economics | Why Did the Unemployment Rate Drop?
The U.S. added 80,000 jobs in October, not even enough to account for the roughly 100,000 new entrants to labor force every month, but the unemployment rate dipped slightly to 9% from 9.1% and a broader unemployment rate fell even more to 16.2% from 16.5%. Why?
Calculated Risk | Employment Summary, Part Time Workers, and Unemployed over 26 Weeks
There were only 80,000 jobs added in October. There were 104,000 private sector jobs added, and 24,000 government jobs lost.
American: Enterprise Blog | Will machines finally steal all our jobs?
The economy is in a state of transition, in which the middle-class jobs that emerged after World War II have begun to decline.
WSJ: Real Time Economics | Long-Term Unemployment Ticks Down
Nearly 5.9 million Americans had been unemployed for at least 27 weeks in October, down from 6.2 million the prior month, the Labor Department said Friday.
Calculated Risk | Seasonal Retail Hiring, Duration of Unemployment, Unemployment by Education and Diffusion Indexes
According to the BLS employment report, retailers hired seasonal workers at close to the pre-crisis pace in October.
Political Calculations | October 2011 Jobs: A Surge for Young Adults?
In terms of jobs gained, October 2011 appeared to be the best month for young adults (Age 20-24) since the United States economy peaked before entering into recession in December 2007.
WSJ: Real Time Economics | Economists React: ‘Mixed’ Economic Soup After Jobs Report
Economists and others weigh in on the 80,000 gain in nonfarm payrolls and the drop in the unemployment rate to 9%.
