Friday, August 8, 2014


National Journal | Seattle's Minimum-Wage Hike Is Sure to End in Disaster
The announcement sounded like the premise of a feel-good summer movie. High schoolers in Seattle set to start working in ice cream shops and summer camps are given a raise by their City Council.
Market Watch | Labor productivity improves 2.5% in second quarter
Productivity in the April-June quarter increased 2.5%, compared with a revised 4.5% drop in the prior quarter, according to a preliminary reading by the Labor Department.

Econ Comments & Analysis                                                                                            
CNN Money | Workers to see 3% pay hike next year
Employers expect to increase worker salaries by an average of 3% in 2015, only slightly better than the 2.9% hike they gave this year, according to human resources consulting firm Mercer.

Wall Street Journal | How Low Can Jobless Claims Go?
The number of people filing new claims for unemployment benefits fell to 289,000 last week, the second-lowest level of the year.
AEI-Ideas | US job gains could be ready to pick up speed
The US economy has added 200,000 jobs or more for six straight months. That hasn’t happened since 1997.