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Thursday, November 15, 2012

Employment

News                                                                                                                             
CNN Money | Texas Instruments to lay off 1,700
Chipmaker Texas Instruments said Wednesday that it will lay off 1,700 workers in an effort to shift focus away from its struggling mobile business.
CNN Money | Jobless claims shoot up after Sandy
The number of people filing for first time unemployment benefits soared 78,000 last week to the highest level in more than a year and a-half, as the effects of Hurricane Sandy the previous week were reflected in government data.

Blogs                                                                                                                             
Coordination Problem | Austrians and Lazear & Speltzer on Structural Unemployment
I think the language of “structural” unemployment is often unhelpful when Austrian types are in the conversation.  The idea of skills not matching needs presumes that we know what those needs are and know that workers don’t have the skills to meet them.  For Austrians, the problem is deeper.