Econ 101: May 2, 2012

Welcome to ThinkProgress Economy’s morning link roundup. This is what we’re reading. Have you seen any interesting news? Let us know in the comments section. You can also follow ThinkProgress Economy on Twitter.

  • More than 30 were arrested during May Day protests in New York City yesterday. [New York Times]
  • Protesters also turned out in huge numbers for anti-austerity protests across Europe. [Wall Street Journal]
  • The Dow Jones Industrial Average closed at its highest level since December 2007. [Reuters]
  • Wal-Mart will pay $4.8 million in back wages to employees who were denied overtime pay. [Washington Post]
  • U.S. manufacturing unexpectedly grew at its fastest pace in a year in April. [Bloomberg]
  • European unemployment rose to a 15-year high in March. [Bloomberg]
  • Newspaper circulations rose in the last six months on the back of strong growth in digital subscriptions. [Los Angeles Times]