Last week’s jobs report for May by the Bureau of Labor Statistics shows that unemployment grew for the first time in three months, albeit very slowly, up one-tenth of a percentage point to 8.2 percent. Good news or bad news? The news coverage has focused on the “bad,” but the ...

This week, in honor of high school and college graduations, we’re talking about job creation and employment. There’s much disagreement over the federal government and job creation—that is, if the federal government can, or should, create jobs.

Recently the notion of the "debt ceiling" has been appearing in the news. It's making a comeback after spending months in the spotlight last summer, when the federal government nearly shut down as federal debt reached the legal limit. (Lawmakers ultimately raised the limit in the eleventh hour.) Currently, it is projected that the federal debt will hit the new debt ceiling sometime before the end of 2012. To once again avoid a government shutdown, lawmakers will again have to raise the debt ceiling, which is now set at $16.4 trillion.