News
CNN Money | Why wages aren't rising
When the government report on job creation came out last week, economists were quick to note a worrying point: average hourly wages in August dropped by a penny.
Bloomberg | Bernanke Proves Like No Other Fed Chairman on Joblessness
When it comes to achieving his mandate for full employment, Ben S. Bernanke’s willingness to undertake more bond buying shows yet again that he’s the most aggressive and experimental Federal Reserve chairman in history.
Econ Comments & Analysis
WSJ | Incubating Ideas in the U.S., Hatching Them Elsewhere
The United States—unlike Chile, Britain, Singapore, New Zealand and other countries—does not have a visa category for immigrants who aspire to found companies and create jobs. That means we are turning away potential job creators
NBER | Mismatch Unemployment
We develop a framework where mismatch between vacancies and job seekers across sectors translates into higher unemployment by lowering the aggregate job-finding rate.
Blogs
Marginal Revolution | Have job openings become less potent?
In the post-recession environment, the employment-population ratio is no longer responsive to increases in job openings. This is a severe structural shift driven by a spike in the length of unemployment
AEI | Has government employment really increased under Obama?
On “This Week with George Stephanopolous” yesterday, Senator Rand Paul and Professor Paul Krugman got into a quick argument about the size of government under President Obama.
WSJ | Many New Jobs Created in Low-Wage Industries
Since bottoming out in February 2010, the U.S. economy has added about 4.6 million private-sector jobs. That’s the good news. The bad news is that it’s not nearly enough to make up for the 8.9 million wiped out during the recession. And many of the new jobs are in industries that have less-than-stellar wages.
AEI | Sorry, Democrats: College students returning to school doesn’t explain the drop in the labor force
Watching the Sunday news shows yesterday, a Democratic talking point became clear: That the huge drop in the labor force in last week’s jobs report was due in large part to young people leaving the workforce to return to school. This would be shocking if it were true. Here’s why.
