News
FOX Business | Seattle OKs Minimum Wage Hike to $15 Per Hour
The Seattle city council voted unanimously on Monday to approve a hike in the city's minimum wage to $15 an hour, to be phased in over the next seven years.
Bloomberg | Barclays Said to Start Cutting Jobs in Investment Banking Unit
Barclays Plc (BARC), the U.K.’s second-biggest lender by assets, will start cutting hundreds of jobs across its investment bank this week, according to people with knowledge of the matter.
Econ Comments & Analysis
NY Post | Labor Dept.’s P.E.E. distorts jobs numbers
The Labor Department will be P.E.E.’ing all over the May employment report that will be released this Friday. So, as I correctly predicted would happen last month, the number of new jobs created in May should also come in deceptively strong.
