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Thursday, June 14, 2012

Employment

News                                                                                                                             
CNN Money | Nokia to cut 10,000 jobs worldwide
Nokia said Thursday it will cut up to 10,000 jobs worldwide by the end of next year, part of an accelerated cost reduction program at the Finnish cellphone maker.
CNN Money | Jobless claims on the rise
The number of Americans filing for first-time unemployment benefits climbed last week, indicating continued trouble for the labor market.

Econ Comments & Analysis                                                                                            
WSJ | Obama's United Auto Workers Bailout
President Obama touts the bailout of General Motors and Chrysler as one of the signature successes of his administration. He argues that the estimated $23 billion the taxpayers lost was worth paying to avoid massive job losses. However, our research finds that the president could have both kept the auto makers running and avoided losing money.
AEI | Only the public sector is 'doing fine'
So is it really the case that the public sector needs help more than the private sector? We are skeptical, to put it mildly.
CNN Money | Just the facts about jobs
In the coming months Barack Obama and challenger Mitt Romney will be working hard to frame how voters think about the President's jobs record. These stats will help you see beyond the candidates' spin.

Blogs                                                                                                                             
The American | Is work sharing an answer for high unemployment?
An individual today, faced with the option of working 20 hours a week or drawing unemployment benefits, might be tempted by the latter. But, back in the 1930’s, before unemployment insurance, 20 hours was better than nothing.
Heritage Foundation | At Solyndra, More Jobs Lost—and Even More Jobs Lost
Documents obtained by The Bay Citizen under the Freedom of Information Act revealed that the Solyndra bankruptcy resulted in 1,861 people losing their jobs—over 700 more than the defunct solar company previously reported. In reality, the job loss count is even higher than that. What hasn’t been counted are the jobs that could have been created with that half-billion-dollar government subsidy.