News
WSJ | AstraZeneca Plans to Cut 7,300 Jobs
U.K. drug maker AstraZeneca PLC said Thursday it would eliminate another 7,300 jobs, bringing its total cuts over the past five years to nearly 30,000.
Washington Times | Jobless rate has fallen because of dropouts
The big drop in the unemployment rate in recent months to 8.3 percent from double-digit rates during the recession came at a fortunate time for President Obama, but economists say it as much because of young people dropping out of the labor market as it is the result of businesses adding jobs.
FOX News | Unemployment drops to 8.3 pct. after hiring burst
In the most impressive surge for the job market since early last year, the United States added 243,000 jobs in January, far more than economists expected. The unemployment rate dropped to 8.3 percent, the lowest in three years.
Econ Comments & Analysis
WSJ | Government Cannot Create Sustainable Jobs
Persistently high unemployment is more severe in Europe and the United States today than at any time since the Great Depression. What is the solution?
Market Watch | Reactions from economists, D.C. to jobs data
Economists said Friday’s report that the U.S. economy added 243,000 jobs in January was positive for the U.S. economy and that it raised the possibility that the Federal Reserve could raise interest rates before the end of 2014. Both the White House and congressional Republicans said even more job-creating measures were needed to keep up the employment growth.
Heritage Foundation | Heritage Employment Report: January Jobs
For the last three months, job creation has averaged 201,000 a month, a sign that the labor market recovery may be truly underway.
Blogs
Calculated Risk | January Employment Report Revisions and Issues
Bloomberg is showing the consensus is for an increase of 135,000 payroll jobs in January, and for the unemployment rate to remain unchanged at 8.5%.
WSJ | Strong Factory Hiring? Don’t Bet On
“More factory workers!” It’s one campaign slogan Democrats and Republicans agree on. There’s just one problem. U.S. factory jobs have been on a structural downtrend, and government policy can’t change that.
Neighborhood Effects | What Can Government Do to Create Jobs?
We may not know how to instantly breathe life back into a sick economy, but economists do know a great deal about how government can create an environment which is conducive to growth.
