News
CNN Money | White House: Jobs recovery isn't 'statistical fluke'
President Obama's chief economic adviser continued to defend the strength of the latest jobs data on Tuesday, even though other economists have suggested that the economy is still in a slow recovery despite job gains.
NY Times | Bernanke Says Faster Growth Is Needed to Bolster Job Market
In a speech that sought by turns to deflate optimism and pessimism about the labor market, the Federal Reserve chairman, Ben S. Bernanke, said Monday that the Fed’s efforts to stimulate growth were gradually reducing unemployment, but that the scale and duration of the problem could leave lasting scars on the economy.
Econ Comments & Analysis
Bloomberg | Fire Up America’s Jobs Factory With Aid for Startups
Last week, with broad support, the Senate passed an amended version of the Jumpstart Our Business Startups Act (or the JOBS Act). Because the bill had already been passed by the House on March 8, and is supported by the White House, it seems bound to become law.
National Journal | Fed Economists Pour Water on Positive Unemployment News
February may have capped the biggest six-month drop in unemployment in nearly 30 years, but there may be more to the sunny news than meets the eye, two Federal Reserve Bank of New York economists wrote in a Monday blog post that echoes Fed president Ben Bernanke's morning comments.
Blogs
Marginal Revolution | The hysteresis effect on unemployed labor, and unemployment scarring
Here is a good WSJ piece on labor market hysteresis, a topic also of recent interest to Bernanke, Summers, DeLong, and others. I’ve been trying to learn more about that literature, and here is what I came up with.
