News
CNN Money | Falling jobless claims could be blizzard related
Fewer Americans filed for their first week of unemployment benefits last week, but economists were hesitant to say that the decline is solely due to an improving job market.
Market Watch | Bringing U.S. manufacturing jobs back home
President Barack Obama loves to talk about bringing manufacturing jobs back home, but the number of companies that are “in-shoring” or “re-shoring” is hardly more than a trickle.
Econ Comments & Analysis
WSJ | The $9 Minimum Wage That Already Exists
On Tuesday night, President Obama used his State of the Union address to call for a 24% increase in the federal minimum wage, to $9 an hour from its current $7.25. He left out an important detail: For many low-wage employees, single parents in particular, the minimum wage is already above $9 an hour.
Washington Post | Weak job creation has become the new normal
As President Obama said on Tuesday: The hardest economic challenge facing the country doesn’t involve tax reform or fiscal cliffs. The critical question is: What has happened to the strong job creation that was the economic norm in the United States from the 1950s through the 1990s?
Washington Times | Making workers unemployable
Perhaps one of the most disastrous policies President Obama called for in his Tuesday night address was a hike in the minimum wage. Raising this government mandate from $7.25 to $9 an hour by 2015 is the surest way to ensure Americans who are down on their luck have no chance to escape the unemployment lines.
