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Thursday, February 16, 2012

Employment

News                                                                                                                             
CNN Money | Desperately seeking Americans for factory jobs
U.S. factories are creating many new jobs. But owners are hard pressed to find skilled American workers to fill them.
Market Watch | U.S. weekly jobless claims drop 13,000 to 348,000
Weekly jobless claims in the U.S. fell by 13,000 to a seasonally adjusted 348,000 in the week ended Feb. 11, the Labor Department said Thursday.
WSJ | GM Cuts Benefits for Salaried Staff
General Motors Co. is freezing the pay of its 26,000 U.S. salaried employees and will eliminate its traditional pension contribution for those salaried workers who still receive them in moves to reduce financial risks and cut costs.

Econ Comments & Analysis                                                                                            
WSJ | Private Equity Keeps Public Pensions Sound
Presidential politics has shown a spotlight on a financial sector that was previously unknown to many Americans. It's called private equity and, from my perspective, it has provided a very public good.