News
CNN Money | Jobless claims bounce higher
Jobless claims bounced higher last week, after falling to a five-year low earlier in January.
Blogs
Politico | Time Inc. 'restructuring' begins: 500 axed
Time Inc. has started its long-anticipated "restructuring" of staff and will eliminate an estimated 500 jobs today, or roughly 6 percent of its workforce.
Library of Economics | Wasteful Hiring: When Does It Cut Profits?
The boss hires his worthless unemployed nephew for a summer job. Does that raise GDP or lower it? To keep things simple think of this as ex nihilo hiring: if not for this hire, the person wouldn't have been hired otherwise and if the boss doesn't hire the worthless nephew nobody else is going to get the job.
