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Thursday, August 29, 2013

Employment

News                                                                                                                             
Bloomberg | Jobless Claims in U.S. Fell More Than Forecast Last Week
The number of Americans filing applications for unemployment benefits fell more than forecast last week, a sign that the U.S. labor market continues to make progress.
Bloomberg | Fast-Food Strikes Expand Across U.S. to 50 Cities
Fast-food workers in 50 U.S. cities plan to walk off the job today in an attempt to ratchet up pressure on McDonald’s Corp. (MCD) and Wendy’s Co. to raise wages.

Econ Comments & Analysis                                                                                            
WSJ | 'McWages' Can Be the Path to the Middle Class
My first job, at age 14, was washing dishes at a Big Boy restaurant in my hometown of Detroit. It was a job that gave me a strong work ethic and taught valuable skills that helped me move from the kitchen to eventually owning nine of my own restaurants.

Blogs                                                                                                                             
WSJ | Unemployment Rate Falls in Most Cities, But Pockets of Weakness Remain
Unemployment has fallen in nine of every ten U.S. cities over the past year, but the jobless rate remains staggeringly high in some pockets of the country struggling to boost their economies.