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Thursday, December 1, 2011

Employment

News                                                                                                                             
CNN Money | Young workers getting hired again
Some 650,000 workers aged 16 to 24 found employment in the past three months, the biggest spike for that age group since the recession began, according to Labor Department statistics.
Merket Watch | Jobless claims back above 400,000 level again
The number of Americans who applied for jobless benefits last week rose above 400,000 again, an indication that the pace of hiring in the U.S. likely remains modest at best.

Blogs                                                                                                                             
WSJ: Real Time Economics | Congress Wrestles With 2012 Unemployment Benefits Extension
Nearly overshadowed by debates over more contentious issues, Congress is wrestling with how to extend federal unemployment benefits that are about to expire.
WSJ: Real Time Economics | Economists on ADP Report: Won’t Get Fooled Again
Wednesday’s closely watched ADP report stunned economy-watchers with its strong reading of 206,000 new jobs created in the U.S. private sector in November. But economists weren’t quick to change their forecasts for Friday’s nonfarm payroll number (which includes both private and government jobs).