News
Bloomberg | Employment Costs in U.S. Climbed at Slower Pace in First Quarter
Employment expenses in the U.S. grew at a slower pace in the first quarter, signaling the job market will not contribute to inflation.
CNN Money | For the unemployed, no reprieve on budget cuts
Starting this week, many in California collecting federal unemployment benefits will get about 17.7% less than they got last week, thanks to Washington's across-the-board budget cuts.
Bloomberg | Euro-Area Unemployment Increases to Record 12.1% Amid Recession
The euro-area jobless rate rose to a record in March, increasing pressure on the European Central Bank to take additional measures to boost growth.
Econ Comments & Analysis
Politico | The immigration solution the nation needs
I always loved the last line of Emma Lazarus’s beautiful sonnet that adorns the Statue of Liberty: “I lift my lamp beside the golden door!”
NY Post | Labor pains continue despite soaring profits
This Friday, at precisely 8:30 a.m., everyone will be asking the same question: Why aren’t companies hiring more workers? That’s the same question America has been asking for the past six years. And the simple answer hasn’t changed: Because corporate executives don’t want to.
Mercatus | The Truth About Long-Term Unemployment
This has been a historically slow economic recovery, and one of the results has been the persistent and unprecedented number of long-term unemployed. As bad as the official data appears, it actually underestimates the problem.
Blogs
WSJ | Was the Journal Wrong About Labor Force Participation?
In the Outlook column in today’s Wall Street Journal, I argued that the historic decline in the workforce participation — that is, the share of the population that’s working or looking for work — is more about demographics than about discouraged job seekers abandoning their job searches.
