Pages

Thursday, August 8, 2013

Employment

News                                                                                                                             
CNN Money | Greek jobs crisis deepens
Stuck in recession for a sixth consecutive year, Greece reported a jobless rate of 27.6% in May, a new record high. The unemployment rate stood at 27% in April.
Bloomberg | Jobless Claims in U.S. Fall Over Month to Lowest Since 2007
The fewest workers applied for U.S. unemployment benefits over the past month since before the last recession, indicating the labor market is making progress.

Econ Comments & Analysis                                                                                            
WSJ | Robots, 3-D Printers and Other Looming Innovations
Is technology to blame for our stubborn unemployment? President Obama scored ATMs and airport kiosks in a 2011 "Today Show" interview, blaming them for "structural issues with our economy." Other technophobes have piled on.
FOX Business | Why We Can't Blame the Housing Market for High Unemployment
Imagine that your home is now worth $40,000 less than what you paid for it just two years ago. In fact, the value is now less than what you owe on your mortgage, a condition referred to as being “underwater.”