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Friday, November 9, 2012

Employment

News                                                                                                                             
Bloomberg | Healing U.S. Labor Market Means Fewer Temporary Jobs
The monthly change in the number of people on payrolls of temporary-help service businesses averaged 2.2 percent of the monthly gains in total nonfarm payrolls during the July-October period, well below almost 19 percent in the first half of 2012, based on seasonally adjusted data from the Labor Department.
WSJ | East Coast Weather Disrupts Jobs Report
Superstorm Sandy skewed the number of U.S. workers applying for jobless benefits last week, the Labor Department said, including in one state where power outages at government offices prevented the processing of new claims.

Econ Comments & Analysis                                                                                            
Washington Times | HAMILTON: Private companies are too smart to hire
Nearly three-quarters say the national debt is making it less likely that businesses will increase hiring. A similar proportion said the debt, which stands at about $16 trillion, makes it less likely businesses will boost other investments as well.