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Thursday, January 12, 2012

Employment

News                                                                                                                             
WSJ | The Factory Floor Has a Ceiling on Job Creation
Recent news from the nation's factories has been good. In the past two years, manufacturing employment has grown by 334,000, a welcome upturn in a nation short of jobs.
CNN Money | Obama to business: Bring jobs home
President Obama is meeting with executives from 14 companies Wednesday to encourage them to bring jobs back to the United States.
WSJ | ADM to Cut 1,000 Jobs
Archer-Daniels-Midland Co. said Wednesday that it will cut 1,000 jobs, or 3% of its total work force, highlighting the challenges faced by the agribusiness sector as market volatility cuts into trading profits.
Bloomberg | U.S. Jobless Claims Rise More Than Forecast
More Americans than forecast filed applications for unemployment benefits last week, raising the possibility that a greater-than-usual increase in temporary holiday hiring boosted December payrolls.

Econ Comments & Analysis                                                                                            
Washington Times | EDITORIAL: Employment advice for Obama
Tax hikes don’t put people to work.
RCM | NLRB: Obama Bludgeons the Constitution
Unfortunately, far less has been heard about the president's three "recess" appointments to the National Labor Relations Board, a small independent agency that oversees some 6 million workplaces in which unions represent employees.

Blogs                                                                                                                             
American: Enterprise Blog | Why do entrepreneurs start businesses? Well, it ain’t to create jobs
The pursuit of profits—by creating real value—benefits the rest of society through better products and services … and  jobs and higher incomes
WSJ: Real Time Economics | Vital Signs: Still More Than 4 Job Seekers Per Opening
U.S. job seekers gained a slight edge in November. The number of unemployed people per job opening fell to 4.21 from 4.27 in the previous month.
American: Enterprise Blog | Bringing jobs back to America
The American president has a request of Corporate America…
EconLog | What is a Structurally Impaired Job?
I am skeptical that aggregate industry data can be used to distinguish unsustainable jobs from sustainable ones.