Economy

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Texas and Nevada Join Drought-Plagued California

ThinkstockDrought is so severe in some parts of California that scientists have observed that conditions may not significantly improve for decades. The problem’s worst effects reach across the state’s inland valleys, which are agriculture…

Douglas A. McIntyre · 12 years ago

Ten States Where People Can’t Afford Food

ThinkstockThere are several states in which more than 20% of the population cannot always afford to feed themselves. Most of these also have among the highest poverty rates.  A large number of the states…

Douglas A. McIntyre · 12 years ago

Ten American Cities With the Highest Unemployment

squirrel83, via Wikimedia CommonsThe Bureau of Labor Statistics has released its data on unemployment by city for January. In general, the news was very good. Jobless rates were lower in 367 of the 372…

Douglas A. McIntyre · 12 years ago

Ten Huge Companies Dodged State Taxes for Five Years

States, often burdened by budget deficits that grew during the recession, are not getting tax receipts from some of America's largest companies. Among them are Boeing and Merck, which did not pay taxes for…

Douglas A. McIntyre · 12 years ago

Houston Tops Cities in Job Creation

ThinkstockHouston topped the 50 largest American cities in terms of job creation over the two years that ended December 31, 2013. The San Diego metropolitan statistical area (MSA) finished last. According to a new Gallup…

Douglas A. McIntyre · 12 years ago

Unemployment Among Gulf War-Era II Veterans Drops to 9%

ThinkstockIn a headline that hardly sounds like good news, the Bureau of Labor Statistics announced today that the unemployment rate for veterans who served on active duty in the U.S. Armed Forces at any…

Douglas A. McIntyre · 12 years ago

Leading Economic Indicators Running Higher

ThinkstockA Thursday economic report from The Conference Board was its index of leading indicators for the month of February. We always warn readers that leading indicators may not be as leading as investors would…

Jon C. Ogg · 12 years ago

States Where the Most People May Be Due Tax Refunds

ThinkstockSeveral hundred thousand Americans might do well to contact the IRS. The agency claims that nearly one million people who did not file tax returns in 2010 could be due money. All these people…

Douglas A. McIntyre · 12 years ago

Yellen Debut in FOMC Tanks the Market

courtesy of the Federal ReserveThe Federal Reserve under Janet Yellen may not be that much different than the Fed under Ben Bernanke – not yet at any rate. In her first formal two-day FOMC…

Jon C. Ogg · 12 years ago

CEO Outlook for 2014: Sales Will Rise, Jobs Will Not

ThinkstockThe Business Roundtable has released its 2014 CEO Economic Outlook Survey for the first quarter. While there is an overwhelming number of CEOs looking for sales growth, it is a minority of CEOs who…

Jon C. Ogg · 12 years ago

Fed Dilemma: Inflation Running Too Low in CPI Reading

ThinkstockThe Labor Department has released its latest report on retail inflation via the Consumer Price Index (CPI). Prices in February were up 0.1% on the headline CPI. Core inflation, excluding food and energy, rose…

Jon C. Ogg · 12 years ago

36% of Workers Have Less Than $1,000 in Savings

ThinkstockAmerica may have recovered handily from the Great Recession, and the bull market may now be five years old, but in no way should America think that it is remotely immune or even insulated…

Jon C. Ogg · 12 years ago

FOMC Outlook Watch: More Tapering AND Slower Growth in 2014

ThinkstockThe Federal Reserve’s Federal Open Market Committee has another meeting this week regarding U.S. interest rate policy. While no new rate announcement is expected to come, what is expected is the announcement of more…

Jon C. Ogg · 12 years ago