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Wednesday, March 13, 2013

Employment

News                                                                                                                             
Politico | Hundreds of White House budget office employees furloughed
An administration official tells POLITICO the agency issued furlough notices last Thursday to 480 employees. Each will be required to take 10 days off without pay between April 21 and September 7 -- one per pay period, the official said.
CNN Money | Paul Ryan wants to cut more federal workers
Republican House Budget Chairman Paul Ryan wants to cut the federal government workforce by 10% -- some 210,000 jobs -- through a two-year hiring freeze.
Bloomberg | Workweek Tying Longest Since WWII Spurs Hiring at U.S. Factories
The last time U.S. factory workers put in longer weeks than they averaged in February, Rosie the Riveter was on the assembly line and American GIs were fighting Nazis in Europe.

Econ Comments & Analysis                                                                                            
Washington Times | Jobless numbers hide the reality
While the Dow Jones industrial average merrily soared to new highs on Wall Street, it was a much more sobering and even depressing story on Main Street America.