News
NY Times | For Jobless, Little Hope of Restoring Better Days
People across the working spectrum suffered job losses in recent years: bricklayers and bookkeepers as well as workers in manufacturing and marketing.
Econ Comments
WSJ | Harry Reid's Jobs Surcharge
A temporary tax cut paid for by permanent tax increases.
WSJ | Washington Targets Ohio Shale Gas
By one estimate, the administration has killed more than 200,000 jobs.
Blogs
Heritage Foundation | Morning Bell: America Needs More Job Creation
The report suggests the month of November saw 120,000 net new jobs created and the unemployment rate drop to 8.6 percent–driven in part by the 315,000 people who have given up looking for work and were no longer counted as unemployed. That news is cold comfort to the 13.3 million Americans who are still out of work and the 402,000 workers who filed for unemployment last week.
American: Enterprise Blog | The problem with the U.S. labor market isn’t bad full-time jobs, just not enough of them
Again, the killer jobs number isn’t the U-3 unemployment rate of 9.0 percent, but the broader U-6 number of 16.2 percent, which includes “all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force.”
Marginal Revolution | New evidence that being underwater on your house limits labor mobility
Rortybomb has long argued there is no significant effect. I’ve never had a horse in this race, in any case here are new results from Planem Nenov, on the job market from MIT…
Reason: Out of Control Policy Blog | The Good and the Bad in 8.6 Percent
The Obama administration got an early Christmas present, a month of great PR saying 8.6 percent unemployment. Republican presidential candidates on the other hand are probably upset about the jobs number—ironically, they probably are hoping for a terrible economy over the next 12 months.
Political Calculations | New Jobless Claims: Still On Track
Today's news that the number of initial claims for unemployment insurance benefits being filed for the week ending 26 November 2011 ticked back up over the 400,000 mark is right on track with the prediction we published over a month ago.
