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Wednesday, May 2, 2012

Employment

News                                                                                                                             
Bloomberg | Euro-Area Unemployment at 15-Year High as Slump Deepens
Euro-region unemployment rose to a 15- year high and manufacturing contracted for a ninth month, adding to signs the economic slump is deepening.
CNN Money | Private sector job growth slows
Businesses added just 119,000 jobs in April, according to a report issued Wednesday by payroll-processing company ADP. The number fell far short of the 170,000 jobs economists were expecting.
Market Watch | Hiring slows as ADP reports 119,000 new April jobs
Hiring has slowed down, with private-employment gains in April the weakest in seven months, according to a report released Wednesday by payrolls-processor Automatic Data Processing Inc.

Econ Comments & Analysis                                                                                            
AEI | Overpaid public workers: Actually, we're moving toward consensus
Many public workers are overpaid relative to their private sector counterparts, especially in large, unionized states such as Wisconsin, Ohio and California. This may sound like a controversial claim, but it shouldn't.

Blogs                                                                                                                             
Political Calculations | New Jobless Claims: Thunderdome Edition!
If the BLS keeps to its recent track record, it will definitely be revising the number of new jobless claims recorded for the week ending 21 April 2012 upward when it revises its data for that week this Thursday, 3 May 2012 - the only question is by how much.