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Thursday, March 7, 2013

Employment

News                                                                                                                             
FOX Business | Report: J.C. Penney Cuts Another 1,500 Jobs
J.C. Penney (JCP) laid off 1,500 store-level department managers and merchandising employees this week, according to a report from the New York Post.
CNN Money | Good jobs news: Initial claims fall
Fewer Americans filed for their first week of unemployment benefits last week, marking further improvement in the job market.
Washington Times | Democrats propose measure to raise minimum wage
Democrats in Congress proposed legislation Tuesday to boost the federal minimum wage to more than $10, going beyond what President Obama has proposed and arguing the working poor need the extra support amid a sour economy.

Econ Comments & Analysis                                                                                            
NY Times | With Positions to Fill, Employers Wait for Perfection
American employers have a variety of job vacancies, piles of cash and countless well-qualified candidates. But despite a slowly improving economy, many companies remain reluctant to actually hire, stringing job applicants along for weeks or months before they make a decision.
NBER | Female Labor Supply: Why is the US Falling Behind?
In 1990, the US had the sixth highest female labor participation rate among 22 OECD countries. By 2010, its rank had fallen to 17th.