Econ Comments & Analysis
Mercatus | Shrinking Labor-Force Participation Responsible for Most of the Drop in the Unemployment Rate
Recent job numbers show an added 146,000 jobs in November and an unemployment rate of 7.7 percent, down from 7.9 percent in October.
AEI | For federal workers, the grass isn't greener in the private sector
If public employees are underpaid, they ought to get raises when they switch to the private sector. But they don't, and that fact is telling. Debates over compensation for public employees have raged at all levels of government over the past few years.
Blogs
Calculated Risk | BLS: Job Openings "little changed" in October
The number of job openings in October was 3.7 million, essentially unchanged from September.
WSJ | Employment Index Little Changed in November
A compilation of U.S. labor indicators was little changed in November, according to a report released Monday by the Conference Board.
WSJ | Modest Job Growth, Less Take-Home Pay Is Recipe for Depressed Consumer
Worries about the consumer outlook are elevated. First, despite a surprise pop in November, hiring is not accelerating at the end of 2012. Second, consumers are more pessimistic about the future as households realize they likely face higher tax bills next year. Modest job growth and less take-home pay won’t support substantial increases in consumer spending.
