News
Washington Times | Job openings jump to near a 3-year high
The number of available jobs in the United States jumped in December to near a three-year high, supporting other data that show a brighter outlook for hiring.
USA Today | PepsiCo announces 8,700 job cuts as net income rises
The jobs cuts represent 3% of its work force. The company says it expects to save $1.5 billion by 2014.
CNN Money | Fewer young adults hold jobs than ever before
The share of young adults with jobs has hit its lowest level since the government started keeping records just after World War II.
NY Times | Obama Advisers Offer Rosier Jobs Outlook
Drawing on a string of improved economic data, advisers to President Obama have updated their forecasts in recent days and now project that the economy will create two million jobs this year if stimulus measures are extended, which could reduce the unemployment rate to about 8 percent by year’s end.
Market Watch | U.S. jobless claims fall 15,000 to 358,000
U.S. jobless claims fell by 15,000 to a seasonally adjusted 358,000 in the week ended Feb. 4, the Labor Department said Thursday.
Blogs
WSJ | Study Finds Lack of Mobility Not Holding Back Employment
Negative housing values haven’t prevented enough homeowners from moving to get a new job to have a big impact on overall unemployment in the U.S., a paper from the Federal Reserve Bank of Boston said.
WSJ | Bernanke Says Jobless Benefits Provide Support, May Lengthen Unemployment
Federal jobless benefits can help support families of the unemployed and stabilize the economy, but may also lead to slightly longer spells of unemployment, Federal Reserve Chairman Ben Bernanke told lawmakers Tuesday.
