News
CNN Money | Unemployment rate: How low can it go?
The answer is being debated among two camps of prominent economic thinkers. One school of thought says that unemployment will return to around 5% as the economy eventually recovers. But an opposing view states that permanent changes in the labor market mean higher unemployment is here to stay.
Bloomberg | Tax Receipts Buoy State-Local Government Employment Trend
The city of Mesa, Arizona, fired 125 employees in 2009 as tax collections dropped amid a housing slump and a recession. Now, it is filling vacancies, training a class of police recruits for the first time in three years, and Mayor Scott Smith says he’s confident “revenue levels are going to stabilize.”
CNN Money | Yahoo cuts 2,000 jobs as radical reshaping begins
Yahoo said Wednesday that it will eliminate 2,000 employees, around 14% of its workforce, as new CEO Scott Thompson begins radically streamlining the company.
Bloomberg | Company Payrolls in U.S. Grow by Estimated 209,000 Workers
Companies in the U.S. expanded payrolls in March, showing the labor market is strengthening, according to data from a private report based on payrolls.
Blogs
Economist | Stuck
Mark Thoma draws our attention to a new economic letter published at the San Francisco Fed. Its authors point out that real wage growth has been strong in the American economy since 2008. Why?
Political Calculations | Data Revision: Major Trends in U.S. New Jobless Claims
Today, we're not presenting new analysis so much as we're catching up with the multi-year data revision that the BLS incorporated into its latest report on the number of initial unemployment insurance claims filed across the United States each week
