Category: Economics

U.S. economy added 192,000 jobs in March; unemployment rate steady at 6.7%. Good news?

I typically post here about the monthly jobs numbers released by the Bureau of Labor Statistics, but I’ve decided not to try to post so quickly upon the release of the estimates on the first Friday of each month. I’m…

A few thoughts on a remarkable speech today by Fed chair Janet Yellen

In no particular order, let me touch on a few interesting elements of Federal Reserve Chair Janet Yellen’s speech today to the 2014 National Interagency Community Reinvestment Conference in Chicago. 1.) Real stories, and a new tone. It’s hard to…

U.S. economy adds a solid 175,000 jobs in February, unemployment rate ticks up but U-6 unemployment rate declines

The last couple of employment reports from the Bureau of Labor Statistics suggested considerable weakness in the U.S. labor market, but there were various confusing and conflicting signals that made many of us expect better numbers ahead. From the BLS…

Reasons why yesterday’s employment report was not as bad as it seemed

Yesterday’s employment report for January from the Bureau of Labor Statistics suggested a steadily healing labor market, but you wouldn’t know that from some of the hand-wringing of media commentators who have the job of trying to make something dramatic…

Weak employment numbers for December; weather might have played a role

From the Bureau of Labor Statistics: The unemployment rate declined from 7.0 percent to 6.7 percent in December, while total nonfarm payroll employment edged up (+74,000), the U.S. Bureau of Labor Statistics reported today. Employment rose in retail trade and…

Georgia’s plummeting labor force participation rate

Last week, I made a wonky post to Peach Pundit about the labor force participation rate in the U.S. generally and in Georgia specifically: A closer look at the declining labor force participation rate in Georgia The most recent numbers…

Delta’s Sky Magazine features Savannah this month

There’s an impressive 23-page focus on Savannah in the January 2014 Sky Magazine, which many of you will find on Delta flights this month. Click here to see the full document online — ads and all. The first article, “Talk…

A wonkish look at ACA signups, state by state

If you’re interested in following the course of the Affordable Care Act (aka, Obamacare), then you ought to be keeping track of changes at Charles Gaba’s site ACASignups.net. The same data is a little easier to read, I think, via…

What’s next for Broughton?

My City Talk column today looks at some big trends and big questions for the Savannah area economy in 2014: Questions worth asking, trends worth watching in 2014. It’s tough to look at big issues — especially several at once…

39,559 Georgians set to lose extended unemployment benefits on Dec. 28

From the Georgia Department of Labor: ATLANTA — Emergency Unemployment Compensation (EUC) benefits for the nation’s long-term unemployed workers is set to end Saturday, Dec. 28, impacting 39,559 workers in Georgia. EUC is a federally funded benefit for long-term unemployed…

U.S. economy adds a healthy 203,000 jobs in November; unemployment rate tumbles to 7.0 percent

Some good news this morning from the Bureau of Labor Statistics: The unemployment rate declined from 7.3 percent to 7.0 percent in November, and total nonfarm payroll employment rose by 203,000, the U.S. Bureau of Labor Statistics reported today. Employment…

A few thoughts on health insurance . . .

When I moved to Savannah, I was employed at Savannah Country Day School and obviously had insurance with that job. I quit working fulltime in 2000. I started teaching part-time at Armstrong Atlantic State University, writing freelance columns and other…

Why does the U.S. economy do better under Democratic presidents?

A really interesting and pithy post by James Hamilton this weekend at Econbrowser: Presidents and the economy. The post discusses a new paper by Alan Blinder and Mark Watson: Presidents and the Economy: A Forensic Investigation. The paper tries to…

Georgia economy and job market improving, but gains primarily in Atlanta metro area

In a recent post to Peach Pundit, I noted that the state of Georgia saw job growth of 2.1 percent over the past year, but those gains have been clustered in the Atlanta metro area. So that’s not such good…