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Tuesday, April 8, 2014

Employment

News                                                                                                                             
CNN Money | Maryland raises minimum wage to $10.10
The state legislature on Monday approved a bill that raises the wage floor from $7.25 to $10.10 by 2018, and Gov. Martin O'Malley is expected to sign it into law.
WSJ | Big Demand for Skilled-Worker Visas
A U.S. visa program for foreign skilled workers has attracted more applications than there are visas available, triggering a lottery for their allotment and suggesting employers feel optimistic about the country's economy.

Econ Comments & Analysis                                                                                            
Real Clear Markets | To Boost the Economy, Let the Unemployment Bill Die
The House of Representatives has the opportunity to stall the economic recovery by following the Senate and passing an extension of unemployment insurance benefits. Or, the House could help the economy by just letting the bill die.
WSJ | The '77 Cents on the Dollar' Myth About Women's Pay
April 8 is "Equal Pay Day," an annual event to raise awareness regarding the so-called gender wage gap. As President Obama said in the State of the Union address, women "still make 77 cents for every dollar a man earns," a claim echoed by the National Committee on Pay Equity, the American Association of University Women and other progressive groups.
WSJ | Temp Jobs Surge as Firms Contain Expenses
The "short-term" staffing industry is enjoying a long-term boom, with temps accounting for more than one-tenth of all job growth since 2009, according to government data.

Blogs                                                                                                                             
WSJ | A Basket of Labor Data Suggests Job Gains Will Continue
The Conference Board’s employment trend index increased in March for the third consecutive month. Now back to 117.52, the index is up 5.1% above its year-ago reading and has re-captured almost all of the ground lost during the last recession.