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Monday, March 11, 2013

Employment

News                                                                                                                             
CNN Money | No recovery for U.S. government workers
Federal government jobs fell by 4,200 in February, the fifth month in a row those jobs have been zapped from the economy. And, thanks to the automatic budget cuts, it's going to get worse.
Market Watch | Consumers hold key to higher job growth
Don’t get too excited about the burst of hiring in February just yet. If consumers pull back on spending, the economy could suffer yet another hiccup in the coming months.
CNN Money | Construction jobs soar on housing recovery
The recovery in the housing market is driving a turnaround in the labor market as well.

Econ Comments & Analysis                                                                                            
Washington Times | The devil in the details
There was good news on the jobs front Friday. The Bureau of Labor Statistics said the unemployment rate dipped to 7.7 percent in February. That’s the lowest figure since President Obama was sworn in in 2009, but it’s not quite time to break out the champagne.
Fortune | 3 reasons why the jobs report is really good
The housing recovery and an increase in hours worked are among the factors lifting jobs numbers, but it's unclear if this growth can continue.
Real Clear Markets | February's Jobless Report Is Not Cause For Celebration
Forget the cheery 0.2 percentage point decline in the "headline" unemployment rate during February. Here is what Friday's "Employment Situation" report from the Bureau of Labor Statistics (BLS) actually said.
AEI | Why we shouldn't raise the minimum wage
In announcing his wrongheaded proposal to increase the minimum wage to $9 an hour, President Obama spoke in lofty terms: "In the wealthiest nation on Earth," he said in his State of the Union address last month, "no one who works full time should have to live in poverty."