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Tuesday, May 13, 2014

Employment

News                                                                                                                             
CNN Money | Vermont hikes minimum wage to $10.50
The state's lawmakers passed a bill Saturday that raises the minimum wage in phases from $8.73 to $10.50 by 2018.

Econ Comments & Analysis                                                                                            
Fortune | Pfizer admits to potential job losses in AstraZeneca takeover
Pfizer CEO Ian Read defended the company's takeover bid for AstraZeneca before U.K. lawmakers today, saying job cuts in the combined company would be necessary and hinting at a sweetened offer.

Blogs                                                                                                                             
WSJ | Cloudy, With a Chance of Unemployment
That’s where meteorologists have something to teach the Census Bureau, the Bureau of Labor Statistics, the Bureau of Economic Analysis and others, Mr. Manski says. People are “totally comfortable with having a probability of rain,” he said. “The weather guy says there’s a 40% to 60% chance of rain…That’s much more informative than if he says it’s going to rain today or it’s not going to rain today.”