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Author:Williams, Megan D. 

Journal Article
Booms and busts in household wealth: implications for Tenth District states

The U.S. stock market and housing market--the two largest sources of U.S. household wealth--have had sizable booms and busts in recent years. This volatility has influenced national consumption trends and had important consequences for states. Some states have become relatively wealthier, affecting both the short- and long-term consumption spending potential of their residents. ; Understanding how wealth changes affect state economies could be especially important in 2011 and 2012 given the recent resumption of home price declines in much of the country. Research has shown that consumption ...
Economic Review , Volume 96 , Issue Q II

Journal Article
The transformation of manufacturing across Federal Reserve Districts: success for the Great Plains?

Despite experiencing solid gains in the last two years, U.S. manufacturing employment is down by about one-third since 1990. The decline has been felt more dramatically in some eastern Federal Reserve Districts. ; In the three Districts of the Great Plains?Dallas, Kansas City and Minneapolis?factory employment has consistently held up better than in other Districts. ; Wilkerson and Williams find that since 2000, nearly half of the better factory jobs performance in the Great Plains has been due to a more favorable mix of manufacturing industries than in other regions of the country.
Economic Review , Volume 97 , Issue Q II

Journal Article
Oklahoma’s economy

Economic growth in Oklahoma remained solid through the end of 2012. Oklahoma payroll employment was up from a year ago in December. Oklahoma ranked seventh in total job growth for December, posting growth similar to other energy-driven states.
Oklahoma Economist , Issue Q I

Journal Article
Update on Oklahoma’s economy : Spotlight on Guymon, Oklahoma

Economic growth in Oklahoma continued to outpace the nation into the summer months of 2012. Oklahoma payroll employment was up from July 2011. Oklahoma is nearly back to pre-recession employment levels, with just a slight drag from the Tulsa area due to the magnitude of job loss in that area during the recession. Manufacturing and energy continued to lead Oklahoma?s growth in total jobs. Employment in most other Oklahoma industries was generally stable.
Oklahoma Economist , Issue Q III

Journal Article
Update on Oklahoma's economy

Oklahoma Economist , Issue Q III , Pages 1-2

Journal Article
Minorities in the Tenth District: are they ready for the jobs of the future?

Main Street Economist , Issue 2

Journal Article
The Tenth District's defining industries: how are they changing?

The economy of the Tenth Federal Reserve District has become increasingly more services-based in recent years. While this transformation has lessened many of the historical differences with the rest of the nation, the regional economy still remains distinct, especially in some states. Wyoming, for instance, still has the most unique industrial structure in the country. And Nebraska, New Mexico, and Oklahoma still rank among the top third of states with economies that differ from the rest of the nation. ; What industries make the Tenth District so different, and what can they tell us about the ...
Economic Review , Volume 92 , Issue Q III , Pages 59-81

Journal Article
The national defense boost in rural America

Main Street Economist , Issue 4

Journal Article
Minority workers in the Tenth District: rising presence, rising challenges

The population of the Tenth Federal Reserve District has become increasingly diverse in recent decades. Since 1970, the share of ethnic and racial minorities in the district has nearly doubled, reaching 25 percent of the area's population in 2005. Minority job situations and earnings have long been topics of national interest for economic researchers and public policymakers. Further, minority workers are a rapidly growing part of the district's labor force and thus a vital resource for district businesses. ; Wilkerson and Williams consider the jobs and earnings of Tenth District minority ...
Economic Review , Volume 91 , Issue Q IV , Pages 31-59

Journal Article
How is the rise in national defense spending affecting the Tenth District economy?

In 2007, the United States spent over $650 billion on national defense. Even after adjusting for inflation, this was the largest annual amount since 1945, surpassing previous post-World War II peaks reached during the Korean, Vietnam, and Cold wars. Defense spending has risen steadily this decade, today accounting for nearly 5 percent of overall gross domestic product?about the same share as residential construction. ; National defense represents an even larger share of economic activity in the Tenth Federal Reserve District. The region is home to some of the country's largest military ...
Economic Review , Volume 93 , Issue Q II , Pages 49-79

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