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Tuesday, February 11, 2014

Employment

News                                                                                                                             
CNN Money | Barclays stokes bonus row as 12,000 jobs go
Barclays is paying its investment bankers bigger bonuses even as it sheds as many as 12,000 jobs this year after profits tumbled.
National Journal | What’s the Best Way to Stop Creating Jobs?
Janet Yellen has a lonely problem: While the rest of Washington fights to start an economic stimulus program, the new Federal Reserve head is tasked with shutting one down.
CNN Money | Disney workers try to get more pay, better benefits
As are roughly 37,000 unionized employees at the happiest place on earth -- Walt Disney World. The workers are preparing to negotiate for higher wages, more affordable benefits and improvements to pension plans as their union contract expires at the end of March.
WSJ | OECD Jobless Rate Falls to 7.6%
Unemployment across the 34-nation Organization for Economic Cooperation and Development fell for the third straight month in December, driven by falling jobless rates among young people and men.

Econ Comments & Analysis                                                                                            
Bloomberg | Yellen Testifies U.S. Job Recovery Far From Complete (Text)
The following is a reformatted version of prepared remarks today by Federal Reserve Chairman Janet Yellen in testimony in Washington to the House Financial Services Committee: