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Thursday, September 25, 2014

Employment

News                                                                                                                             
Bloomberg | Jobless Claims in U.S. Climbed Less Than Forecast Last Week
Applications for unemployment benefits in the U.S. increased less than forecast last week as an improving economy prompted employers to retain staff.
Market Watch | Los Angeles approves raising minimum wage for large-hotel workers
The city council here has approved one of the nation’s highest minimum wages for workers at the city’s large hotels.

Econ Comments & Analysis                                                                                            
Real Clear | http://www.realclear.com/markets/2014/09/24/bass_unemployment_rate_rigged_closer_to_11_8901.html
America's unemployment rate as measured by the Labor Department vastly underrepresents the number of Americans actually out of work, hedge fund manager Kyle Bass told CNBC.