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Tuesday, December 18, 2012

Employment

News                                                                                                                             
Washington Post | Why the unemployment rate might soon stop falling
Over the past year, the U.S. unemployment rate has fallen rapidly, from 8.7 percent last November to 7.7 percent today. But a new paper from the Federal Reserve Bank of San Francisco suggests that this decline could soon stall out.

Blogs                                                                                                                             
WSJ | Closer Look at Union vs. Nonunion Workers’ Wages
Over the weekend, the Journal reported on the economics of “right-to-work” rules. The conclusion: It’s complicated, especially when it comes to proving cause and effect. But at a very basic level, right-to-work states have lower unemployment rates and faster job growth, but also lower wages.