From the Bureau of Labor Statistics: Total nonfarm payroll employment increased by 175,000 in May, and the unemployment rate was essentially unchanged at 7.6 percent, the U.S. Bureau of Labor Statistics reported today. Employment rose in professional and business services,…
When some politicians and organizations are calling for steep and immediate cuts to entitlement spending, it’s very difficult to tell sometimes whether they are making ideological or economic arguments. Do they really want a more libertarian society in which the…
From Savannah Score: On Thursday, May 30, from 11:00 am to 1:00 pm, SAVANNAH SCORE will present: The State of Small Business. Reports will be issued by 13 area experts that will have 3 minutes each to present their information…
There were some very strong numbers released this morning for the S&P/Case-Shiller Home Price Indices. In addition to the monthly data for the 10- and 20-city composite indices, we also got the national index, which is updated quarterly. All of…
For some of the latest developments on major chains apparently headed to Savannah, check out my City Talk column today: Savannah increasingly a target for national chains. As I have noted many times, we have ample evidence that locally owned…
I wish I had a way of measuring rhetoric from southerners about the California economy over the last six years. Here in Georgia, for a number of years before we felt the worst of things, state and local officials maintained…
A few years ago, a young photographer casually asked me, “Do you have a Tumblr?” I wasn’t even sure what he was talking about. But since I started blogging just over two years ago and since I’m a teacher of…
Business professor Russ Wigh has been writing columns every other week for the Exchange in the Savannah Morning News for over two years. His final column came out last week: Same song, second verse for Savannah’s economic development I’ve enjoyed…
Actually, Fed Chairman Ben Bernanke did give a commencement address at Bard College at Simon’s Rock, Great Barrington, Massachusetts: Economic Prospects for the Long Run. Not surprisingly, it’s a really interesting talk. Here are his final two paragraphs, with emphasis…
For a few years, one of my closest friends referred to me routinely as Mr. Doom & Gloom because of my consistent predictions of a worsening economy. I never understood the baseless optimism before the recession and during the first…
A bunch of my former students are graduating today from Armstrong Atlantic State University. Many are already working somewhere or have jobs waiting. Others are headed off for more school. Whatever their professional goals, those new graduates are much more…
From the Bureau of Labor Statistics today: Total nonfarm payroll employment rose by 165,000 in April, and the unemployment rate was little changed at 7.5 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in professional and business…
I’ve written about this issue on a number of occasions, but it’s time for an update. From Calculated Risk’s recent post Public and Private Sector Payroll Jobs: Bush and Obama: The employment recovery during Mr. Bush’s first term was very…
From Calculated Risk: Every building sector is now expanding and new project inquiries are strongly positive (down from February, but still at 60.1). Note: This includes commercial and industrial facilities like hotels and office buildings, multi-family residential, as well as…
