News
CNN Money | The low-wage jobs explosion
Some 58% of the jobs created during the recovery have been low-wage positions, according to a new report by the National Employment Law Project. Only 22% have been mid-wage jobs and 20% higher-wage positions. These low-wage jobs pay $13.83 an hour or less.
Econ Comments & Analysis
WSJ | There Is No 'Structural' Unemployment Problem
The unemployment rate has exceeded 8% for more than three years. This has led some commentators and policy makers to speculate that there has been a fundamental change in the labor market.
Washington Times | GHEI: No jobs: The kids aren’t all right
Consider the effect of President Obama’s economic policies: Middle-class income has shrunk; consumer confidence is at a 10-month low; corporate-profit growth is well below last year’s level; investment is down; and the employment rate climbed to 8.3 percent, with the largest-ever proportion of the long-term unemployed in their ranks.
Blogs
Calculated rIsk | GDP and Employment drag from State and Local Governments
Two of the key U.S. economic trends I expected this year were 1) a recovery in residential investment, and 2) that most of the drag from state and local governments would be over by mid-year 2012.
WSJ | Five Questions About Today’s Job Market
It’s Labor Day, a good day for an update on the state of America workers. Here’s a Q&A with The Wall Street Journal’s economics editor and Capital columnist, David Wessel.
