Pages

Monday, March 25, 2013

Employment

News                                                                                                                             
CNN Money | Meat industry rescues federal workers
Over 9,000 federal food inspectors won't face furloughs after top companies from the meat and poultry industries spoke out in support of them.
WSJ | Government Payrolls Are Facing New Pressures
Governments bled hundreds of thousands of jobs after the U.S. economic recovery started. Now they're preparing to pass the knife around again as the federal budget comes under pressure.

Econ Comments & Analysis                                                                                            
RCM | There's Lots of 'Abnormal' In 'New Normal' Joblessness
If 2008's labor force participation rate of 66% prevailed today, instead of February's depressed 63.5%, then there would be over six million more in the labor force and the unemployment rate would be an incredible 11.6% - the highest in the BLS' records!

Blogs                                                                                                                             
Heritage Foundation | Garbage Collecting a Green Job? According to Government, Yes!
As we have noted, the BLS definition of green jobs is so bizarre that the total counts are meaningless.
WSJ: Real Time Economics | Number of the Week: Employers’ Benefits Costs
Nearly a third of employers’ costs per worker goes to benefits on top of regular wages and salaries, and the share is even greater in some industries.
Café Hayek | Minimum and Average Wages
Clearly, though, nearly all workers are better off at the lower minimum wage than at the higher minimum wage.