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Monday, March 31, 2014

Employment

News                                                                                                                             
FOX News | Unemployment rates fell in 29 US states in February as hiring picks up
Unemployment rates fell in most states in February and two-thirds of the states reported job gains, evidence that most of the country is benefiting from slow but steady improvement in the job market.
CNN Money | Janet Yellen wants you to get a raise
Those are the words of Federal Reserve Chair Janet Yellen, who said Monday that the central bank's goal "is to help Main Street, not Wall Street." And she hopes to do that primarily by boosting the job market.

Econ Comments & Analysis                                                                                            
Real Clear Markets | Obama's Minimum Wage Beliefs Are As False As Can Be
President Obama would like everyone to believe that raising the minimum wage will help those in poverty, will cause no drop in employment, and will probably even boost the economy. Unfortunately, these beliefs are as false as can be and come from a fundamental misunderstanding of the very Keynesian economics he professes to follow.
FOX Business | States that Raise the Wage See Decreased Jobs, High Teen Unemployment
As a part of his promised year of action, President Obama has continued to push for a hike in the federal minimum wage nationwide. But a new report shows raising the wage could have a negative impact on the still-recovering labor market.