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Wednesday, August 22, 2012

Employment

News                                                                                                                             
IBD | Fiscal Cliff Fears Chill Corporate Hiring, Economy
Corporations are scaling back investment, hiring and inventories ahead of steep year-end tax hikes and spending cuts, the most concrete sign to date that uncertainty over the so-called fiscal cliff is already hurting the anemic economy.
USA TODAY | Gen Y most likely to hold low-paying jobs in retail
Chances are if you're a working Millennial, you're working in retail, says a study released Tuesday by Generation Y research firm Millennial Branding in conjunction with PayScale, a company that collects compensation data.
Fox Business | Where the Jobs Are this Week This week’s job opportunities are a true American melting pot. From food to freight to books, we found several different fields that are looking for workers.

Econ Comments & Analysis                                                                                            
NBER | Boarding a Sinking Ship? An Investigation of Job Applications to Distressed Firms
This paper examines the impact of corporate financial distress on firms’ ability to attract job applicants.

Blogs                                                                                                                             
AEI | The compensation question
Over the past few years, as cash-strapped states and school districts have faced tough budget decisions, spending on teacher compensation has come under the microscope. The underlying question is whether, when you take everything into account, today's teachers are fairly paid, underpaid, or overpaid.
WSJ: Real Time Economics | Young Women Face Tougher Summer Job Market
The unemployment rate for women aged 16 to 24 rose this summer from 13.8% in April to 16.2% in July—the peak month for summer jobs—as high-school kids and college graduates sought work at restaurants and retailers or entered the job market for the first time in a weak economy, according to data released by the Labor Department Tuesday.
AEIdeas | CHART: The mother of all business cycles
Via the new FRED dataset, here you have the unemployment rate before, during, and after the Great Depression. That is quite a round trip.
Political Calculations | "We Tried Our Plan, and It Worked...."
Apparently, the President and his team have decided that culling the U.S. work force is a lot easier for them to do than generating real job-creating economic growth.