News
WSJ | OECD Warns of Long-Term Damage to Unemployed
The rate of unemployment in developed economies will remain high for longer than previously expected, increasing the risk that a growing number of workers will find themselves permanently marginalized in the jobs market, the Organization for Economic Cooperation and Development said Tuesday.
Bloomberg | Low-Paid Grads On Tight Budgets Switching to Discounters
Michael Baum took every substitute teaching job he found and has sent out hundreds of resumes since graduating from college two years ago. He never got a full-time offer and works as a waiter at a pizza parlor in Chicago, earning $650 during a busy week.
Econ Comments & Analysis
Market Watch | May job openings rise to 3.64 million
Job openings at U.S. workplaces increased to 3.64 million in May from 3.45 million in April, the U.S. Labor Department reported Tuesday.
Blogs
Marginal Revolution | Why is American labor mobility falling?
The first [reason] is that the mix of jobs offered in different parts of America has become more uniform. The authors compute an index of occupational segregation, which compares the composition of employment in individual places with the national profile. Over time, their figures show, employment in individual markets has come to resemble more closely that in the nation as a whole.
WSJ | Good News: More People Are Quitting
The good news for the job market: More people are quitting their jobs. The bad news: More are getting laid off, too.
Calculated Risk | BLS: Job Openings increased in May
There were 3.6 million job openings on the last business day of May, little changed from 3.4 million in April, the U.S. Bureau of Labor Statistics reported today.
WSJ | Is 8% the New Normal for Unemployment?
The U.S. unemployment rate has been above 8% for more than three long years, far above the 5.4% average of the seven full decades since the Great Depression.
