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When It Comes to Housing, Maybe Millennials Aren’t so Different After All

Millennials get flack for postponing marriage, living with parents and shying away from homeownership. But what’s less discussed is how, to some extent, they’re just responding rationally to their local housing markets.

Source: http://blogs.wsj.com/economics/2014/07/22/when-it-comes-to-housing-maybe-millennials-arent-so-different-after-all/?mod=WSJBlog

Recent College Graduates Have Seen Especially Sluggish Wage Growth

Recent college graduates are paying a price for entering the workforce in the shadow of a deep recession: Their wages are growing far more slowly than the U.S. average.

Source: http://blogs.wsj.com/economics/2014/07/21/recent-college-graduates-have-seen-especially-sluggish-wage-growth/?mod=WSJBlog

More Firms Are Handing Out Pay Raises, NABE Survey Finds

The share of U.S. firms giving pay raises has nearly tripled since last fall, according to a new survey of business economists by the National Association for Business Economics, though official data on U.S. workers’ earnings haven’t shown any broad acceleration in wage growth.
Some 43% of the NABE members who responded to the survey, released Monday, said wages and salaries at their firms have risen in the past three months. No respondents said wages had fallen, and 57% said wages were unchanged in the second quarter.

Source: http://blogs.wsj.com/economics/2014/07/21/more-firms-are-handing-out-pay-raises-nabe-survey-finds/?mod=WSJBlog

Was Bill Clinton’s Poverty Record 100 Times Better than Ronald Reagan’s?

Hillary Clinton said in an interview with Charlie Rose that the difference between Bill Clinton and Ronald Reagan‘s presidencies were “night and day in terms of the effects, the number of jobs that were created, the number of people lifted out of poverty — 100 times more when Bill was president.” Earlier we examined the jobs record, and here w

Source: http://blogs.wsj.com/economics/2014/07/18/was-bill-clintons-poverty-record-100-times-better-than-ronald-reagans/?mod=WSJBlog

Hillary Clinton’s Claims on the Clinton vs. Reagan Job Record

If Hillary Clinton runs for president, expect to see lots of claims about the growth record of Bill Clinton‘s presidency. The economy enjoyed a long economic expansion in the 1990s and Mrs. Clinton will seek to remind voters of the gains of that era.

Source: http://blogs.wsj.com/economics/2014/07/18/hillary-clintons-claims-on-the-clinton-vs-reagan-job-record/?mod=WSJBlog

California Finally Regains Prerecession Jobs High Amid an Uneven National Recovery

Most U.S. states in June still hadn’t regained all the jobs lost in the recession that ended five years earlier, the latest reminder of the recovery’s unevenness.
But one particularly important state reached that milestone last month: California, the nation’s largest labor market accounting for about 11% all of U.S. jobs, finally topped its July 2007 peak for nonfarm employment.

Source: http://blogs.wsj.com/economics/2014/07/18/california-finally-regains-prerecession-jobs-high-amid-an-uneven-national-recovery/?mod=marketbeat

Skeptics Question Wal-Mart’s Love Affair with U.S. Manufacturing

Wal-Mart Stores Inc., the world’s largest retailer, last year announced it would spend $250 billion more over the next decade on U.S.-made goods and rallied suppliers with revival-style meetings that emphasized the importance of creating good-paying jobs at American factories.

Source: http://blogs.wsj.com/economics/2014/07/18/skeptics-question-wal-marts-love-affair-with-u-s-manufacturing/?mod=marketbeat

WSJ Survey: Jobless Rate Is Falling Faster Than Expected

At the start of 2014, economists surveyed by the Wall Street Journal didn’t think the unemployment rate would have a 5-handle until sometime in the second half of 2015. In July, however, the consensus view calls for the rate to end 2014 at 5.9%.

Source: http://blogs.wsj.com/economics/2014/07/17/wsj-survey-jobless-rate-is-falling-faster-than-thought/?mod=WSJBlog

White House Economists See Few Labor Force Dropouts Returning

The American labor force, as a share of the overall population, has been shrinking for more than a decade. A detailed new report from the White House Council of Economic Advisers estimates the majority of that decline has been driven by the retirement of the Baby Boom generation and that only one-sixth of the decline is clearly attributable to the weak economy.

Source: http://blogs.wsj.com/economics/2014/07/17/white-house-economists-see-few-labor-force-dropouts-returning/?mod=marketbeat
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