Commentary Economic data these days is so convoluted and confusing, and the interpretations so filtered through political blather, it becomes difficult to know what the truth is. Another way to put this, it’s hard to square one’s personal experience with the broader claims from the top that all is well. To hear the Biden administration…
The Slide Into Prolonged Economic Stagnation
July 21, 2023
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Business & MarketsBusiness Columnistseconomic stagnationinflationjob creationlabor market participationOpinionrecessionU.S. economyViewpoints
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Say Goodbye to the Labor Shortage
October 5, 2022
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Business & MarketsBusiness Columnistsinflationjob creationjob marketlabor participationlabor shortagerecessionU.S. economyunemployment rate
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Commentary It was good, or at least fascinating, while it lasted. The labor shortage is ending. In the entirety of the post-lockdown period, labor markets have been behaving strangely. We’ve seen incredibly low unemployment numbers (3.6 percent) that everyone has known do not tell the whole story. That figure only calculates people in the market…
Europe: Non-Competitive Power Prices Derail Growth
Commentary Despite an endless chain of monetary and fiscal stimuli, the eurozone consistently disappoints in growth and job creation. One of the reasons is demographics. No monetary and public spending stimulus can offset the impact on consumption and economic growth of an aging population, as Japan can also confirm. However, there’s an especially important factor…
California Named Third Top Economy in U.S., Unemployment Persists
June 14, 2021
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Californiaeconomyemploymentjob creationjobsLocal NewsLos Angelesnapa valleyNorthern CaliforniaRegional-Local NewsSouthern CaliforniastartupsTechU.S. Census BureauunemploymentUS
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Commentary California was named the third-strongest economy in the U.S. by WalletHub despite all the state’s metropolitan areas’ unemployment rates being among the worst in the country. Of the 27 California metropolitan areas tracked by the U.S. Census Bureau, all rank in the bottom half for employment. Within the state, Silicon Valley (San Jose-Sunnyvale-Santa Clara)…
California Named 3rd Top Economy in US, Unemployment Persists
June 14, 2021
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Californiaeconomyemploymentjob creationjobsLocal NewsLos Angelesnapa valleyNorthern CaliforniaOpinionRegional-Local NewsSouthern CaliforniastartupsTechU.S. Census BureauunemploymentUSViewpoints
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Commentary California was named the third-strongest economy in the United States by WalletHub despite all the state’s metropolitan areas’ unemployment rates being among the worst in the country. Of the 27 California metropolitan areas tracked by the U.S. Census Bureau, all rank in the bottom half for employment. Within the state, Silicon Valley (San Jose-Sunnyvale-Santa…
Buttigieg Admits to Overstating Infrastructure Plan Job Creation Number by 16 Million: ‘I Should Have Been More Precise’
Transportation Secretary Pete Buttigieg acknowledged he had misrepresented the number of new jobs President Joe Biden’s proposed $2 trillion-plus infrastructure plan would create, essentially admitting he had overstated the figure by around 16 million. Buttigieg appeared on Fox News on Sunday, with anchor Chris Wallace asking whether he agrees that he and other Biden administration officials…
Buttigieg Acknowledges Overstating Infrastructure Plan Job-Creation Figure by 16 Million
Transportation Secretary Pete Buttigieg acknowledged misrepresented the number of new jobs President Joe Biden’s proposed $2 trillion-plus infrastructure plan would create, essentially conceding that he had overstated the figure by around 16 million. Buttigieg appeared on Fox News on April 11, with anchor Chris Wallace asking whether he agrees that he and other Biden administration officials…
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Program Offers Glimmer of Job-Creating Success
Commentary A California-sponsored program to help companies fund employees has helped create 124,000 new jobs since the program began in 2013. Furthermore, the “multiplier effect” of those primary jobs led to about 1.7 times that amount in additional positions within the same geographic areas, totaling about 338,000 extra jobs. Through the California Competes Tax Credit…