News
CNN Money | 650,000 defense employees start furloughs Monday
As part of the sequester, or federal spending cuts, that are currently underway, civilian defense workers will be forced to take one unpaid day off each week, leading to a 20% reduction in their pay through Sept. 21.
FOX News | US companies increasingly turning to temporary workers to fill positions
Hiring is exploding in the one corner of the U.S. economy where few want to be hired: Temporary work.
CNN Money | Veterans still fighting for survival in tough job market
The unemployment rate for veterans who served since the 9/11 attacks peaked at a troubling 15.2% in January 2011. Since then, as the economy has improved and outreach efforts have taken hold, it has fallen by more than half to 7.2%.
Econ Comments & Analysis
NY Times | Defining Prosperity Down
Friday’s employment report wasn’t bad. But given how depressed our economy remains, we really should be adding more than 300,000 jobs a month, not fewer than 200,000. As the Economic Policy Institute points out, we would need more than five years of job growth at this rate to get back to the level of unemployment that prevailed before the Great Recession.
Mercatus | Job Growth Trend for 2013 Starting to Improve, But Labor Market Problems Remain
The U.S. economy added 195,000 jobs in the month of June, according to the Bureau of Labor Statistics, a positive sign with monthly job gains for 2013 now averaging approximately 202,000, compared with 183,000 per month in 2012.
