Thursday, July 24, 2014


Market Watch | U.S. jobless claims lowest in more than eight years
The number of people who applied for regular state unemployment-insurance benefits in the week that ended July 19 tumbled by 19,000 to 284,000 -- the lowest level since February 2006 -- signaling that companies have further slowed down the pace of layoffs and are letting go of few workers, according to government data released Thursday.
Bloomberg | Recession Graduates Grind Away With Low Pay as U.S. Mends
Nickole Gambrill is still paying the price for graduating college at the wrong time.

Econ Comments & Analysis                                                                                            
CATO | Regulation Depresses the Job Market
Any attempt to regulate part-time work schedules is misguided — just like all government intervention in the labor market (minimum wage laws, union protections, and hours and overtime rules) is misguided.

Reuters | $18 billion in job training = lots of trained unemployed people
President Barack Obama told Americans in his July 19 weekly address that every worker deserves to know that “if you lose your job, your country will help you train for an even better one.” A nice sentiment — and politically safe. It’s just the wrong answer. Those “better jobs” don’t exist, and training doesn’t create jobs. Despite all that, every year the U.S. government spends billions of dollars on job training, with little impact.