News
WSJ | Meet the JOBS Act's Jobs-Free Companies
Just eight weeks after its passage, however, more than a dozen of the companies seeking to use its looser rules for going public aren't the type of high-tech growth companies lawmakers had in mind.
USA Today | Nation's service sectors grow in May, job growth slowing
U.S. service companies, which employ roughly 90% of the work force, grew at a slightly faster pace in May, marking the 29th straight month of expansion.
Econ Comments & Analysis
Politico | BLS off the mark in initial jobs report.
It’s the initial figures that dominate the headlines. The revised tallies — which come out a full two months later — are barely covered at all. And that can miss major changes: The same day the May report was released, the Labor Department announced it had overestimated April’s job growth in its initial report, releasing a preliminary downward revision of its estimate of 115,000 jobs added. Now the number’s at just 77,000.
Blogs
WSJ: Real Time Economics | New Hires Getting Left Behind on Pay
The weak pace of hiring in May cast a big cloud on the future of consumer spending. But the outlook dims more when you consider even those fortunate to get jobs are generally earning less than the average worker.
