News
CNN Money | Initial unemployment claims drop to 7-month low
About 390,000 people filed for initial unemployment benefits in the week ended Nov. 5, the Labor Department said Thursday. The number of claims fell 10,000 from the revised 400,000 in the prior week, and is now at the lowest level since April 2.
Econ Comments
Washington Times | MORRIS: Wanted: 10 million skilled workers
To some degree, our current unemployment problem is cyclical. To a considerable extent, however, I believe it is structural. This mismatch between abilities and available jobs is a clear sign that yesterday’s skills don’t meet the requirements of today’s workplaces.
Blogs
Coordination Problem | Understanding Labor Market Woes
Tyler Cowen makes what I would interpret as a similar point today to those who resist the economic analysis of the labor market and the role of education and occupational choice in explaining the recent woes of college graduates in finding employment.
