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Friday, February 10, 2012

Employment

News                                                                                                                             
WSJ | Unemployment, Production Data Show Greece's Economy Worsening
The Greek economy continued to show signs of erosion under the pressure of government austerity toward the end of last year, marked by an accelerating rise in unemployment and a deepening slump in industrial production.
Washington Times | Unemployment-aid applications near 4-year low
The number of people seeking unemployment aid neared a four-year low last week, an encouraging sign that strong hiring could continue in the coming months.

Econ Comments & Analysis                                                                                            
Forbes | Don't Be Fooled, The Obama Unemployment Rate Is 11%
In the latest, much celebrated, unemployment report, the labor force participation rate had plummeted to 63.7%, the most rapid decline in U.S. history.  That means that under President Obama nearly 5 million Americans have fled the workforce in hopeless despair.

Blogs                                                                                                                             
WSJ | Unemployment Extension Likely to Be Less Generous Than Current Law
The federal jobless benefits that take effect when state aid expires are about to become less generous, and Democrats and Republicans in Congress are now fighting over how much to shorten the duration of aid or whether expanded benefits should continue at all
Minyanville | Economists Surprised Again by Unemployment Claims Number, but Why?
The mainstream media proclaimed an unexpected "beat" of the first time unemployment claims number today. The fake, seasonally fudged number dropped to 358,000 in the week ended February 4.