Starting Tuesday, the National Park Service closed all 401 national parks, including Castillo de San Marcos and Fort Matanzas National Monuments in St. Augustine, affecting the local tourism economy. Potential foreign visitors’ visas are facing processing delays.
us economy
Where Fast Food Workers Make Twice the US Minimum Wage, and Have Benefits
Critics say a living wage of around $15 an hour would drive fast-food restaurants and other retail firms out of business — and millions of their employees out of work. Australia’s experience, where workers make $15 an hour, shows why that argument is bunk, argues Salvatore Babones.
At Public Universities, More Aid Is Going To the Wealthy Than to The Neediest
Attention has long been focused on the lack of economic diversity at private colleges, especially at the most elite schools. What has been little discussed is how public universities, which enroll far more students, have gradually shifted their priorities — and a growing portion of their aid dollars — toward wealthier students.
Florida Unemployment Stuck at 7.1% For 3d Month, Flagler’s at 10.3% On Low-Pay Jobs
The national economy, Florida’s and Flagler County’s might as well be the three twins of lethargy: all three economies are mirroring each other in fitful but anemic activity, adding some but mostly low-paying jobs as Florida’s unemployment rate remains at 7.1 percent for the third straight month and Flagler’s continues in the low double digits, at 10.3 percent.
Despite Adding 600,000 Jobs in 3 Months, U.S. Unemployment Remains at 7.6%
The U.S. economy added 195,000 jobs in June, and revised numbers increased April’s and May’s totals by 70,000 for a combined three-month job creation of nearly 600,000 jobs, but the unemployment rate remained at 7.6 percent, only 0.6 percent lower than it was a year ago.
U.S. Economy Adds 175,000 Jobs But Unemployment Rate Rises Again, to 7.6%
The May unemployment rate of 7.6 percent is a decimal increase from April, and only a small decline from the 8.2 percent rate from a year ago as the U.S. economy continues to dawdle along, and in the face of further drags.
Break Up the Banks: It’s Not a Fringe Idea Anymore
Moments of consensus between left and right don’t come frequently in Washington, and we should heed them when they occur. Right now, that means breaking up the banks, argues Amy Dean.
Economy Adds Just 88,000 Jobs as Unemployment Rate Falls to 7.6%
The March unemployment rate of 7.6 percent is the lowest in almost four and a half years, but despite adding half a million jobs in the last three months, the economy is showing worrisome signs of slowdown again from austerity at home and recessions abroad.
U.S. Economy Adds 236,000 Jobs as Unemployment Falls to 7.7%, a 4-Year Low
The last time national unemployment clocked in at 7.7 percent was in December 2008, before Barack Obama was president. It did so again in February as the economy added 236,000 jobs, totaling just over 1 million jobs in the last six months. Most sectors gained, including construction and manufacturing.
U.S. Economy Adds 600,000 Jobs in 3 Months, But Unemployment Edges Up to 7.9%
The nation’s economy added 157,000 jobs in January, and revisions to November and December figures added 127,000 jobs to previous calculations, for a total of 600,000 new jobs in the last three months. Still, the unemployment rate went up a fraction, to 7.9 percent: job growth hasn’t been robust enough to go beyond the natural growth in the workforce.
Economic Growth Contracts By 0.1 Percent In Worst Showing Since 2009, With Asterisks
It is a sharp and unexpected decline from the previous quarter’s 3.1 percent growth rate, but may be due top one-time shocks, including a 22 percent decline in military spending and Hurricane Sandy. Several indicators, including personal spending and saving and residential investment, are encouraging.
Union-Busting’s Tasteless Florida Flavors
Labor union membership has been in precipitous decline since 1980, along with with a decline in job security, workers’ wages and benefits, and Americans’ standard of living. It’s not a coincidence, though the vilification of labor unions continues.
Union Membership in 2012: U.S. Bureau of Labor Statistics
Union membership in 2012 data by state, gender and other characteristics, including median salary earnings and other historical data, as released by the Bureau of Labor Statistics.
Crucial Jobs Report Gives Obama a Boost as Unemployment Falls to 7.8%, Lowest in 4 Years
The national unemployment rate fell to 7.8 percent in September, its lowest level since President Obama’s inauguration in January 2009, as the economy added 114,000 jobs in September, and revised figures for the previous two months boosted those totals by 86,000 jobs. In the last three months, the economy has added 434,000 jobs.
Floridians’ Consumer Confidence at Highest Level Since 2007
All five of the five components that make up consumer confidence increased, including expectations about personal finance, national economic conditions, and buying confidence, according to the latest analysis by the University of Florida’s Bureau of Economic and Business Research.
No Bounce: Economy Adds Only 96,000 Jobs in August as Unemployment Drops to 8.1%
The national economy added a meager 96,000 jobs in August, and the previous two months’ total was revised downward by 41,000 jobs. Nevertheless the unemployment rate edged down to 8.1 percent, from 8.3 percent, as the employment picture continues to zigzag between hope and anemia.
The Downside of Tourism Jobs, and What North Carolina Can Teach Florida
Florida is adding jobs, but mostly in tourism and service industry, low-skilled work that has involuntarily forced people into part-time employment. North Carolina has seen more employment grow in the information technology and research sectors. These jobs tend to offer higher pay and more stability.
Florida Revenue May Grow by $2.6 Billion as Recovery Solidifies, Contradicting Romney
President Obama and Gov. Rick Scott will be competing t take credit for Florida’s continuing economic improvements as the state turned in a relatively healthy $407 million surplus in the fiscal year that ended June 30.
Unemployment Rises Again in Flagler, To 12.3%, Stalls at 8.6% in Florida
June unemployment numbers were discouraging in Florida as well as in Flagler and Volusia counties–stalling in the state at 8.6 percent, with just 9,000 jobs created last month, while the unemployment rate jumped again in Flagler to 12.3 percent, and to 9.1 percent in Volusia.
U.S. Economy Adds Just 80,000 Jobs In June as Unemployment Stagnates at 8.2%
The national economy added percent for the third most 80,000 jobs in June, keeping the unemployment rate stuck at 8.2 percent for the third month in a row.
Gov. Scott Walker and the Pyrrhic Victories of Union-Bashing
Inspired by Ronald Reagan’s union-busting, the latest round in the war on labor is a self-inflicted wound on the American economy, where workers-union and non-union alike–have been losing ground for 30 years.
Disappointing Numbers Again as U.S. Economy Adds Only 115,000 Jobs; Unemployment at 8.1%
The national economy added only 115,000 jobs in April, adding to March’s disappointing numbers and renewing fears that the economy may be stalling, as it did last spring. The unemployment rate fell to 8.1 percent, a slight improvement.
US Jobs Up Just 120,000, Disappointing Expectations; Unemployment Down to 8.2%
While the U.S. unemployment rate fell to 8.2 percent in March, job creation was disappointing, at 120,000, about half the expected numbers, lending further credence to evidence of a fitful, not robust, recovery.
Maintaining Momentum, Economy Adds 223,000 Jobs; Unemployment Stays at 8.3%
The U.S. economy is maintaining its job-creation momentum, adding 223,000 jobs in January, and revising upward previous job-creation figures for December and January by 61,000 jobs. Over the past three months, the economy added 730,000 jobs.
Unemployment Falls to 8.5%, Lowest Level in Almost 3 Years, as 200,000 Jobs Are Created
The decline in unemployment, a boon to Obama’s reelection hopes, was the result of actual job creation, rather than a reduction in labor force participation.
The 10 Greediest Americans of 2011
Whether they manage football pageants or Ford Motor Co., these guys, from Walmart’s Michael Duke to ex-Massey Energy’s Don Blankenship, remind us how much needs to change, economically and politically, in 2012 and beyond.
We Don’t Need Another Payroll Tax Cut
We can all afford less tax coddling and more fiscal responsibility. But don’t expect to hear that from allegedly conservative Republican and our blandly, irresponsibly centrist president, who’s bribing his way to a second term.
Bleak Houses: Hiring Discrimination and Distress Darkening Holidays for Millions
A report documents the boiling frustration, despair, and economic uncertainty that unemployed and under-employed Americans face this holiday season, which could get worse if Congress doesn’t extend federal unemployment aid by month’s end.
Obama’s Roosevelt Envy–And Ours
Obama’s version of Roosevelt Lite won’t cut it if he can’t back up his rhetoric with a more serious program of defending the middle class against corporate predators and rich-class irresponsibility.
Obama’s Speech on the Economy in Osawatomie, Kansas: Video and Text
Full text and video of Barack Obama’s speech on inequality, fairness and the economy in Osawatomie, Kansas, on Dec. 6, 2011.
Unemployment Drops Sharply to 8.6%, Lowest Since March 2009, But Labor Pool Shrinks
The economy added 430,000 jobs in the last three months, including 120,000 in October, brightening what until now had been anemic prospects for a sustained recovery–and brightening Obama’s re-election prospects.
Feed Flagler: Community-Wide Celebration Wraps-Up With 3,000 Meals Served
We’re reporting live this afternoon from various Feed Flagler locations as the community-wide Thanksgiving celebration takes place from 3 to 6 p.m.
Sheriff’s In for $5,000, Tax Collector for $6,000; Let’s Do Our Part for Feed Flagler
The third annual Team Feed Flagler challenge kicks off, raising money and food for 4,000 free meals the day before Thanksgiving. Help us rival Tax Collector Suzanne Johnston, last year’s fund-raising winner.
What I Learned Occupying Wall Street and DC
The unemployed, the foreclosed, and the sick-of-it-all are coming together to discuss the world that we want to see and how to get there, says Lacy MacAuley, an activist, in an attempt to define the movement’s purpose.
Existing Home Sales Just Under 5 Million, 11.3% Better Than Last September
Existing-home sales were down in September on the heels of a strong gain in August, but remain well above a year ago, according to the National Association of Realtors.
Bleak and Bleaker: State Revenue to Fall Another $2.5 Billion Over the Next 2 Years
The Legislature’s revenue estimating economists today announced a shortfall of about $1 billion for the coming year and $1.5 billion the following year. Rick Scott continues to rule out tax increases.
A Shade Less Than Dire, Unemployment Holds Again at 9.1% as 103,000 Jobs Are Added
July and August figures were revised upward for a net addition of 287,000 jobs over the last three month, still far short of what the economy needs to be healthy, or to bring the unemployment rate down.
Stalled: Unemployment Remains at 10.7% in Florida, Ticks Up to 14.9% in Flagler
As in the rest of the nation, job creation in Florida and Flagler is close to a standstill, with just 9,900 jobs created in July, leaving almost 1 million Floridians out of work.
Incomes at Their Worst Since 1996, Poverty At a 52-Year High, Inequality Deepening
Florida’s poverty rate rose to the highest level in 16 years, with 3 million residents—one in six—living under the poverty line in 2010. Nationally, most economic and health insurance indicators are worsening to historic levels.
Since 9/11: A Reckoning
Moving tributes and grief aside, one lesson of the last 10 years is that we have yet to learn the lesson of the last 10 years: we are not only on a spiral downward. We are feeding the spiral, collectively and consciously. We should all be mourners, and not just for 9/11’s victims.
Obama’s Job Gig: Pin-Up to GOP Voodoo
What jobs program? Obama’s surrender to stimulus by tax cuts is another concession to bully superstitions. Obama has lost credibility. He’s lost respect. He’s losing the nation right along with him.
Federal COBRA Insurance Subsidies End, Aggravating Strains for the Unemployed
Federal COBRA subsidies for laid-off workers covered 65 percent of premium costs for 15 months, as part of the Obama administration’s 2009 stimulus package. GOP lawmakers blocked an extension.
Texas-Size Holes in Gov. Rick Scott’s Boast Of Florida Job Creation as 2nd to Texas
Rick Scott called the rest of the nation’s job numbers “pathetic” compared to Florida’s, yet Florida ranks near the bottom in the nation on Gallup’s index of job creation, while its 70,000 new jobs in the past year proportionally rank the state below the national average.
Pointing to Recession, Floridians’ Consumer Confidence Crashes Again to Near-Record Low
The dramatic decline in consumer confidence is just three points shy of 59, the mark set in June 2008, when the nation was in the midst of the Great Recession. Figures released by the University of Florida’s Bureau of Economic and Business Research.
Taxes, the Economy, the Stimulus: Separating Fiction from Fact
Answers to recurring questions of the day: what’s the state of the economy, are Americans really as overtaxed as they think they are, and what has the 2009 economic stimulus accomplished–or not?
What Barack Obama Can Learn From Rick Scott
With Rick Scott’s poll numbers in the 20s, the governor went for a cosmetology make-over. Barack Obama could do the same, in reverse: he needs to be liked less and to govern more.
UF Survey: Political Acrimony and Economic Ills Hurt Real Estate’s Outlook in Florida
The University of Florida’s quarterly Survey of Emerging Market Conditions concludes that economic and political worries are holding back spending, except by foreigners. Tourism is the state’s strongest bright sport.
When Income Was Taxed at 94%: How FDR Tackled Debt and Reckless Republicans
The last time the nation faced war debts Franklin Roosevelt didn’t hesitate to raise taxes and show up Republicans who stood in the way of fiscal responsibility, argues Sam Pizzigati.
When France Has a Better Credit Rating Than the United States
What does it mean to the United States when France and Britain are considered safer destinations for investors by credit rating agencies such as Standard & Poor? It shouldn’t mean much. But it’s not always about what’s rational.
Fact Check: The Economy By the Numbers
A sobering look at the real economy’s numbers broken down in easy-to-chew bullet points, from national to local numbers. Spam can not included.