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Thursday, January 26, 2012

Employment

News                                                                                                                             
Bloomberg | Factory Jobs Obama Wants for U.S. Probably Won’t Return in Large Numbers
Factory jobs, which have been shrinking as a share of total U.S. employment since the early 1950s, remain 2 million below their pre-recession level.
CNN Money | First-time unemployment claims climb
The Labor Department reported Thursday that 377,000 people filed for initial unemployment benefits in the week ended Jan. 21, up 21,000 from a revised reading of 356,000 claims the week before.

Econ Comments & Analysis                                                                                            
Real Clear Markets | How to Grow Jobs Without Growing the Deficit
Good news: economic activity is picking up. Not so good news: economic growth remains anemic and the pace of job creation too slow to make a meaningful dent in the unemployment rate.