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Thursday, January 3, 2013

Employment

News                                                                                                                             
CNN Money | Business hiring picks up in December
Employers added 215,000 jobs in the month, ADP said, beating economists' forecasts of 140,000. That's a substantial pick-up in hiring since November, when private employers added 148,000 jobs.
Bloomberg | Jobless Claims in U.S. Rose More Than Forecast in Holidays
More Americans than forecast filed claims for unemployment insurance payments last week, according to government figures that were estimated because some state agencies closed during the holidays.
CNN Money | Federal workers breathe sigh of relief
The deal passed by the House late Tuesday found a way to set aside $24 billion to stave off some automatic spending cuts that were scheduled to kick in Wednesday.

Econ Comments & Analysis                                                                                            
WSJ | A Message to Aspiring Lawyers: Caveat Emptor
There is a crisis in law-school education, but don't expect the institutions to tell potential applicants about it. In short, there are far too many graduates for the number of jobs available, and the majority of those who get jobs are not being paid nearly enough to service their debt.