Wednesday, October 1, 2014


Fox Business | Minimum Wage Hike Supported by Majority of Businesses
The majority of businesses favor raising the minimum wage, saying it would raise the standard of living among their employees and give the companies a better chance to hold on to their workers, new research finds.
Bloomberg | Private Payrolls in U.S. Increased by 213,000 in September
Companies hired 213,000 workers in September as the labor market continued to strengthen, a private report based on payrolls showed.

Econ Comments & Analysis                                                                                            
USA Today | Where the jobs are: The new blue collar
The 21-year-old works in what looks like NASA's mission control, monitoring the manufacturing process at Chevron Phillips petrochemical plant in Houston.
NBER | Labor Market Fluidity and Economic Performance
U.S. labor markets became much less fluid in recent decades. Job reallocation rates fell more than a quarter after 1990, and worker reallocation rates fell more than a quarter after 2000.

Wall Street Journal | Long-Term Jobless Perfectly Employable, New Report Finds
U.S. workers who have been out of a job for six months or longer can and will reenter the labor market as the unemployment rate falls further, according to a new paper countering arguments that the long-term jobless are increasingly unemployable due to an erosion of skills.