News
Market Watch | August job openings tick down to 3.56 million
Job openings at U.S. workplaces ticked down to 3.56 million in August from 3.59 million in July, the U.S. Labor Department reported Wednesday.
CNN Money | Teaching jobs finally coming back
After four years of layoffs, teaching jobs are finally coming back. Public school hiring rose this summer to its highest level in six years.
Econ Comments & Analysis
Real Clear Markets | How to Interpret the Latest Employment Number
While we will never know what the Household survey would have reported before Wednesday night's presidential debate (h/t Jack Welch), there are a few conclusions we can derive from the data as it was presented. It is easy to get caught up in the month-to-month changes but that is ultimately a fruitless exercise since there is so much volatility built in both BLS surveys.
Forbes | When It Comes To Job Creation, Obama Doesn't Hold A Candle To Reagan
When Ronald Reagan became president in January 1981, the nation had just endured a recession the year before. Then another recession materialized on Reagan’s watch in a few months’ time, in the fall of 1981.
WSJ | I Was Right About That Strange Jobs Report
Imagine a country where challenging the ruling authorities—questioning, say, a piece of data released by central headquarters—would result in mobs of administration sympathizers claiming you should feel "embarrassed" and labeling you a fool, or worse.
NBER | The Trend is the Cycle: Job Polarization and Jobless Recoveries
Job polarization refers to the recent disappearance of employment in occupations in the middle of the skill distribution. Jobless recoveries refers to the slow rebound in aggregate employment following recent recessions, despite recoveries in aggregate output.
Blogs
Heritage Foundation | September Jobs Report Shows Imports Create Jobs
The jobs report is out, and it reveals more than you may think. While President Obama seems to believe that exports alone will grow us out of the recession, the report indicates something much different: that imports are helping create lots of jobs.
Marginal Revolution | Multiple equilibria?
Labor hiring is an investment, and we must move to higher levels of investment for the labor market to recover. For the most part, that is no longer a problem of nominal stickiness, as the quality of jobs has been varying for years, along with some wage adjustments. The nominal wage stickiness fairy was dominant in 2009 but is today just another spirit.
WSJ | Compilation of Jobs Indicators Signal Weakness
In a sign of very weak job markets, a compilation of U.S. labor indicators weakened further in September, according to a report released Tuesday by the Conference Board.
Minyanville | Some Deep Thoughts on the Jobs Report
I know there have been a bazillion posts written on the September jobs report. Well, now we can say there are a bazillion and one, but I don't think any of them are going to be like this one. And that is completely intentional.
