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Tuesday, May 7, 2013

Employment

News                                                                                                                             
CNN Money | Unemployment haunts Social Security recipients
Losing your job is a nasty shock at any age, but for older Americans nearing retirement, there's an extra kick: A late stretch of unemployment will haunt them throughout their Golden Years in the form of lower Social Security payments.
Bloomberg | Job Openings in the U.S. Drop From Almost Five-Year High
Job openings in the U.S. eased in March from the highest level in almost five years, indicating employers are waiting to see how the economy performs as federal budget cuts take effect.

Econ Comments & Analysis                                                                                            
WSJ | Immigration-Cost Claim Splits GOP
A conservative think tank estimated Monday that granting citizenship to 11 million people in the U.S. illegally would cost taxpayers trillions of dollars, a conclusion that split the Republican Party and added a new level of complexity to efforts in the Senate to overhaul immigration laws.