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Friday, March 14, 2014

Employment

News                                                                                                                             
National Journal | The Senate Has a Deal on Unemployment Insurance
Senate negotiators have reached an agreement on extending unemployment-insurance benefits to the 2 million jobless Americans who have not received their checks since the program expired in December.
WSJ | Euro-Zone Employment Rose in Late 2013
The long decline in the number of people at work in the euro zone has come to an end, although any recovery in the jobs market is likely to be slow.
Daily Caller | Data shows millions of Americans falling out of the workforce
The number of native-born, working-age Americans who aren’t working has shot up by almost 9 million since 2007, and by almost 15 million since 2000, according to a new report by the Center for Immigration Studies, a group that favors reduced immigration.

Econ Comments & Analysis                                                                                            
CNN Money | Teens face toughest job market on record
Employment opportunities for teens and early 20-somethings have plummeted in recent years, according to a new study by the Brookings Institution.
Brookings | The Plummeting Labor Market Fortunes of Teens and Young Adults
Employment prospects for teens and young adults in the nation’s 100 largest metropolitan areas plummeted between 2000 and 2011.

Blogs                                                                                                                             
CATO | Raise Minimum Wage, Kill Jobs
During his State of the Union address, President Obama announced that he intended to raise minimum wages to $10.10/hour for certain workers. Based on data from EU countries, it is clear that minimum wage laws kill jobs. I concluded that hiking the minimum wage will kill jobs in the U.S., too. Executives surveyed in the Duke University/CFO Magazine Global Business Outlook Survey agree.
Heritage Foundation | Overtime Pay: Why More Government Meddling Isn't Good for Workers
Making more money is a good thing. But having a job you like is even better. Which is why President Obama’s announcement this week that he wants to increase the number of Americans eligible for overtime pay is not as good a deal as it sounds.