Thursday, July 31, 2014


Bloomberg | Middle-Wage Employment Moves U.S. Past Fast-Food Jobs
Ryan Kenny has been testing chainsaws for the last seven months and getting paid for it. He’s also among a growing cadre of U.S. middle-income earners.
CNN Money | There are a lot more 50-somethings working 3 jobs
Today, 115,000 people over the age of 55 are working three jobs, according to the Department of Labor. That's a 170% increase from 43,000 in 1994, when the government began keeping these records, and a 60% increase from before the Great Recession in 2006, when there were 73,000 older workers with three jobs.
Market Watch | U.S. employment cost index posts fastest rise since 2008
An index that measures the price of U.S. labor rose in the second quarter at the fastest pace since the fall of 2008, largely because of higher retirement and health-care benefits.
Bloomberg | Jobless Claims in U.S. in Past Month Drop to Eight-Year Low
Fewer Americans filed applications for unemployment insurance benefits over the past month than at any time in more than eight years, signaling employers are hanging on to workers as demand improves.

WSJ | Long-Term Unemployed Likely to Return to Job Market, Study Finds
The long-running debate about the causes of America’s high rate of long-term unemployment is far from settled. A new working paper from the National Bureau of Economic Research wades into the discussion and its findings fall squarely on the side of those who see the labor market’s woes as a product of a weak business cycle.