Jefferson City, Mo., Facing Same Struggles As Other State Capitals
Government employment has been a main driver of Jefferson City?s economy, more so than in many other state capitals. Now that public sectors everywhere are tightening their belts, Jefferson City?like many other communities?will look more to the private sector to maintain growth.
Bourbon and Whiskey Distillers Face Rosy Tourism, Vexing Tariffs
U.S. distillers face retaliatory tariffs abroad, but tourism related to whiskey remains a bright spot.
Multifamily Housing Shows Strong Growth, Leading to Bubble Fears
Of all the major commercial real estate categories, multifamily housing has strengthened the most since the last recession. It has shown so much growth that some are worried a bubble is forming.
Soybeans, the Eighth District’s No. 1 Crop, Caught in Trade Tussle
In 2017, the District?s farmers grew 19 percent of the country?s soybeans. But China recently imposed a 25 percent tariff on soybeans, creating uncertainties for U.S. growers.
Working from Home: More Americans Are Telecommuting
Americans who primarily work from home represented 3% of full-time employees in 2017, up from 0.7% in 1980.
Convergence in the United States: a tale of migration and urbanization
We use non-parametric distribution dynamics techniques to reassess the convergence of per capita personal income (PCPI) across U.S. states and across metropolitan and nonmetropolitan portions of states for the period 1969-2005. The long-run distribution of PCPI is bimodal for both states and metro/nonmetro portions. Further- more, the high income mode of the distribution across metro and nonmetro portions corresponds to the single mode of the long-run distribution across metro portions only. These results (polarization or club-convergence) are reversed when weighting by population. The long ...
Advanced Manufacturing Is Vital across Nation, Including Eighth District
Manufacturing has been one of the nation?s largest and most productive sectors dating back to the Industrial Revolution, and that remains true today despite a long-term decline in employment. As technological progress continues to alter the landscape of the economy, a subset of manufacturing industries known as ?advanced manufacturing? serves as a critical source of growth as these products drive productivity gains throughout the economy.
This is not your father's recession ... or is it?
The current declines in employment and income are consistent with what happened in previous recessions going back to 1969. Unique this time are the major drop in home prices and the proactive response by policymakers.
A Report on Economic Conditions in the Louisville Zone
Some Sectors Are Strong in Cape Girardeau, but Recovery from Recession Remains Elusive
This small MSA scores well on educational attainment, cost of living, employment in health care services and in other categories. Still, output and job growth are relatively slow.