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Tuesday, July 31, 2012

Employment

News                                                                                                                             
WSJ | EU Jobless Rate Hits High
Unemployment in the 17 countries that share the euro hit another record high in June, a development that is likely to further weaken consumer spending and add pressure on the European Central Bank's governing council to take action at its monthly meeting Thursday.
Bloomberg | Euro-Area Unemployment Rate Reaches Record 11.2%: Economy
The jobless rate in the euro area reached the highest on record as the festering debt crisis and deepening economic slump prompted companies to cut jobs.

Blogs                                                                                                                             
AEI | Obama opposes raising minimum wage in American Samoa due to its harmful effects, will he do the same for the U.S.?
Just wondering, wouldn’t the same economic reasoning, evidence, and analysis that motivated President Obama to sign legislation freezing the minimum wage because of its harmful effects on Samoa’s economy also apply to the U.S.?