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Wednesday, November 16, 2011

Employment

News                                                                                                                             
WSJ | Citi Poised to Slash More Jobs
Citigroup Inc. is preparing to eliminate 900 jobs in its securities and banking division, or about 5% of the unit's world-wide staff, as turmoil in the equity and debt markets erodes revenue, people familiar with the situation said.
Politico | Startups creating fewer jobs
The trend predates the 2008 financial meltdown, suggesting the economy might not be able to rely on new firms to churn out jobs as they have in the past.

Econ Comments                                                                                                             
WSJ | To Increase Jobs, Increase Economic Freedom
Business is not a zero-sum game struggling over a fixed pie. Instead it grows and makes the total pie larger, creating value for all of its major stakeholders, including employees and communities.
WSJ | The Keystone Debacle
The pipeline would mean at least 20,000 new construction jobs. It would provide lower cost and reliable shipping opportunities for surging North Dakota oil production.

Blogs                                                                                                                             
EconLog | Youth Unemployment: A Puzzle for Any Story
By the same token, it is hard to tell a story in which these young people started out in one industry and then lost their jobs to a shift in demand or technology.
Daily Capitalist | OECD Unemployment Rate Stays High
"The OECD area unemployment rate, at 8.2% in September 2011, was unchanged from August. The rate has remained at around 8.2% since January 2011."