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Wednesday, January 9, 2013

Employment

News                                                                                                                             
FOX News | Steady hiring drives unemployment rates below 7 pct. in most large US cities in November
Unemployment rates fell below 7 percent in a majority of U.S. cities in November, suggesting steady job gains are benefiting most parts of the country.
Bloomberg | Morgan Stanley Said to Cut 1,600 Investment-Banking Jobs
Morgan Stanley, the sixth-largest U.S. bank by assets, plans to eliminate about 1,600 jobs from its investment bank and support staff in coming weeks, a person familiar with the matter said.

Econ Comments & Analysis                                                                                            
Fortune | What higher U.S. wages mean
Just as most U.S. workers see less in their paychecks, a slowly improving job market is boosting wages. Earnings have generally been flat for the past few years, and the uptick couldn't have come at a more sensible time.

Blogs                                                                                                                             
WSJ | Slow Startup Formation Raises Job Creation Questions
When it comes to U.S. labor markets, small businesses are viewed as the mice that roar. But that growl is growing more muted, and could limit future hiring.