News
CNN Money | White House predicts 2 million more jobs in 2012
"While actions taken to prevent a deeper recession and to strengthen the recovery have made a difference, the nation is still recovering from that profound crisis and the problems that led to it," the Economic Report of the President said.
Washington Times | Millennials forced to put lives on hold
Nicholas Rastenis has been through the wringer. After getting a master’s degree in fine arts from Yale University in 2008, he expected to land a job at a top design firm. But nearly four years later, after many months of joblessness, austerity and anxiety, his ambitions in life have come down quite a bit.
Washington Post | U.S. manufacturing sees shortage of skilled factory workers
This stretch of the Rust Belt might seem like an easy place to find factory workers. Unemployment hovers above 9 percent. Foreign competition has thrown many out of work. It is a platitude that this industrial hub, like the country itself, needs more manufacturing work.
Econ Comments & Analysis
Washington Times | No Master Lock on job creation
President Obama traveled to Milwaukee Wednesday to praise security company Master Lock for setting an example of “insourcing” and promising business leaders who re-create jobs in America that “your country will do everything we can to help you succeed.”
WSJ | As Job Market Mends, Dropouts Fall Behind
While the U.S. job market is showing signs of improvement, one sizable group of workers has been falling further behind: high-school dropouts.
Blogs
Calculated Risk | Percent Job Losses: Great Recession and Great Depression
The causes of the Great Recession were similar to the Great Depression - as opposed to most post war recessions that were caused by Fed tightening to slow inflation - and I'm frequently asked if we could compare the percent job losses during the two periods.
Calculated Risk | Housing Starts and the Unemployment Rate
An update by request: The following graph shows single family housing starts (through January) and the unemployment rate (inverted) also through January.
