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Friday, August 3, 2012

Employment

News                                                                                                                             
USA Today | What do jobless do when unemployment checks run out?
Since abruptly losing her $312 weekly unemployment check in June, Laurie Cullinan has depleted her savings, sought food from the Salvation Army and lit candles to save electricity.
Market Watch | Jobs market is treading water, and that’s not bad
Treading water doesn’t get you very far, but it does prevent you from going under.

Econ Comments & Analysis                                                                                            
Washington Times | Obama’s jobs council a total flop
When President Obama's Council on Jobs and Competitiveness last gathered in January, he boasted, “This has not been a show council. This has been a work council. I have been tracking implementation of [the council‘s] recommendations. And we’ve seen substantial progress across the board.”
Real Clear Markets | U.S. Housing Policy and Its Impact On Unemployment
Though there's no singular way to calculate the level of joblessness stateside, the roughly 8% rate brought to us by the Labor Department speaks to something very unnatural revealing itself in the U.S. economy.

Blogs                                                                                                                             
AEI | July jobs report: America’s labor market depression continues
Only in a world of lowered, New Normal expectations was the July jobs report anything less than another disaster for U.S. workers. Nonfarm payrolls rose 163,000 last month as the unemployment rate rose to 8.3%. In addition, employment for May and June was revised by 6,000 jobs.