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Friday, February 24, 2012

Employment

News                                                                                                                             
CNN Money | 35,000 Postal Service jobs on the chopping block
The U.S. Postal Service announced on Thursday new plans to consolidate or close 223 mail processing plants, putting 35,000 jobs at stake starting in late May or June.
CNN Money | Procter and Gamble cutting 5,700 jobs
In a presentation to the Consumer Analyst Group of New York, Procter & Gamble CEO Bob McDonald and CFO Jon Moeller said the cuts were part of a plan to save $10 billion in costs by 2016.
CNN Money | Michigan's incredible shrinking workforce
As the presidential race moves to Michigan for next week's primary, a lot of focus is on the state's economy -- one of the hardest-hit by the recession.

Econ Comments & Analysis                                                                                            
WSJ | Cost of $10 Billion Stimulus Easier to Tally Than New Jobs
Alfredo Garcia was among the residents of Webb County, Texas, banking on a windfall from federal stimulus money.

Blogs                                                                                                                             
Real Clear Markets | In Obama's '1984'-Speak, Unemployment Is A Plus
Failed presidents always come up with excuses, but Obama spinmeister Valerie Jarrett has repeated a White House ploy that takes the cake. In true "1984" style, she says bad times are really good.