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Official unemployment decline contrasts with rise in layoffs

Continued layoffs and a shift of work to the informal sector raises questions about the quality of jobs being created as official data shows that the unemployment rate edged down in May.

Official unemployment decline contrasts with rise in layoffs

We haven't written up this one. The Jakarta Post has the full story — the link below goes straight to it.

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How Kevin Warsh is rewiring the Fed

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Federal Reserve chairman Kevin Warsh is attempting a high-wire act: He's trying to fundamentally rethink the central bank's approach to guiding the economy, while also using its standard policy…

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