Thursday, August 21, 2014


Bloomberg | Jobless Claims in U.S. Declined More Than Forecast Last Week
Fewer Americans than forecast applied for unemployment benefits last week, a sign the U.S. job market is making progress as the world’s largest economy grows.

Econ Comments & Analysis                                                                                            
Wall Street Journal | Do Higher Minimum Wages Create More Jobs?
Since the release of the May jobs report, President Obama and many in the media have been crowing about new evidence allegedly showing that minimum-wage hikes stimulate job growth.
Business Week | It's Not a Skills Gap: U.S. Workers Are Overqualified, Undertrained
In the debate over why the U.S. has been so slow to emerge from the Great Recession, many have laid the blame on what’s become known as the skills gap: Despite an abundance of workers, too many simply aren’t qualified to fill the jobs available.
NBER | Skill Gaps, Skill Shortages and Skill Mismatches: Evidence for the US
Concerns that there are problems with the supply of skills, especially education-related skills, in the US labor force have exploded in recent years with a series of reports from employer-associated organizations but also from independent and even government sources making similar claims.

Café Hayek | Reconsider That Happy Narrative About Minimum Wages
One of George Mason University’s star PhD economics students, Ms. Liya Palagashvili, along with a GMU undergrad student, Ms. Rachel Mace (who was taught recently in a GMU econ class by Liya), weigh in in tomorrow’s Wall Street Journal to debunk a happy narrative about the minimum wage.
Wall Street Journal | Why Are Jobless Claims Falling So Fast?
The number of people filing new claims for unemployment benefits fell last week to 298,000, marking the third time in the last five weeks they have fallen below the 300,000 level.