News
WSJ | Mayor Cuts Workers' Pay to Minimum Wage
Unions representing city workers in Scranton, Pa., plan to ask a county judge to hold the mayor in contempt of court after he cut the pay of almost 400 municipal employees—including himself—to the state's minimum wage, saying the city can't pay the full salaries.
Washington Times | Euro joblessness hits its youth
Irene Fernandez lost her job with Spain’s postal service five months ago, a victim of government spending cuts. Since then, she’s been getting by on spending money from her mother and the $530 a month she earns grooming dogs for neighbors. Miss Fernandez, 24, has had one job interview.
Econ Comments & Analysis
Investors | Net Job Losses Under Obama Have Been Devastating
One of the reasons for the popularity of political rhetoric is that everybody can be right, in terms of their own rhetoric, no matter how much the rhetoric of one side contradicts the rhetoric of the other side.
Blogs
WSJ | Hidden Good News in Bad Jobs Report
If the global economy holds up and the U.S. avoids any new storm clouds — fiscal cliff, anyone? — there’s at least some reason to think the job market has a foundation to build on.
CATO | Unemployment Benefits Overpayments
Citing Department of Labor data, CNNMoney reported today that the federal government and states overpaid an estimated $14 billion in unemployment benefits last year (about 11 percent of total benefits).
Café Hayek | What has happened to public employment?
In this week’s EconTalk episode with Joseph Stiglitz, he claims that public sector employment has fallen by 1 million since either 2007 or 2008. I expressed skepticism and said I would find a source to check if the claim is true.
