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Tuesday, October 22, 2013

Employment

News                                                                                                                             
CNN Money | Why young people are saying 'no' to the workforce
A job used to be the next step after a diploma. But now, young people aren't in any rush to start working.
Bloomberg | Payrolls in U.S. Rise Less Than Forecast
Employers in the U.S. added fewer workers to payrolls than projected in September, indicating the world’s largest economy had little momentum leading up to the federal government shutdown.

Econ Comments & Analysis                                                                                            
Real Clear Markets | America: One-Time Home of the 'Employment Miracle'
The government shutdown and the nation's near-default captured headlines, but they are unlikely to have huge consequences for the economic recovery. The current expansion has been slow but comparatively steady. It has been too sluggish to end the misery of the long-term unemployed but strong enough to add about 160,000 jobs a month since payroll employment began to rise in March 2010
Mercatus | Raising the Minimum Wage Is No Free Lunch
While the minimum wage debate usually plays out at the federal level, there is now a grassroots push across the country to raise wages beyond the federally mandated $7.25 per hour. Unfortunately, success won't guarantee a happy ending for workers.

Blogs                                                                                                                             
WSJ | Five Takeaways From September Jobs Report
U.S. employers added 148,000 jobs in September, and the unemployment rate ticked down to 7.2%, the Labor Department said Tuesday. Economists are still digesting today’s report, but here are five initial takeaways