Problem banks: the Phoenix factors
Migration in the Tenth District : long-term trends and current developments
The movement of people into and out of a state can have important implications for the state?s economy. The total net inflow of people to a state matters because it affects the overall supply of workers in the state. Economists predict that growth in the national labor force will slow in coming decades as a result of such factors as the aging of the baby boomers and the decline in the fertility rate. As this happens, the availability of workers is likely to become an increasingly more important factor in the location decisions of firms. ; Migration matters not only for the size of a state?s ...
Tenth District economic developments
The Tenth District economy posted lower employment growth in 1997, marking the first time since 1988 that the district underperformed the nation. District agriculture posted solid gains in 1997, with big harvests and major improvements in the cattle industry. Overall, labor markets remained tight in most of the district, most likely limiting job growth in the region.> Gazel reviews the major economic developments in the district economy in 1997 and examines the outlook for 1998. The district economy is likely to grow moderately this year, nearly matching the 1997 pace. Tight labor markets ...
The Tenth District's expanding service sector
The proliferation of service jobs in the nation has received much attention. While the manufacturing sector has suffered substantial job losses during the current business cycle, job growth in services has been brisk. Because the service sector comprises a diverse collection of service industries, there is considerable confusion about what kinds of jobs the service industries are creating and what factors will affect the outlook for the service sector.> In the Tenth District, service industry jobs have grown even faster than in the nation. As the service sector becomes a bigger share of the ...
The District economic outlook : responding to labor shortages and overseas problems
The Tenth District economy slowed down in 1998, with employment growing marginally below the national average. Despite very tight labor markets, employment growth remained healthy in many sectors. Construction; trade; transportation, communications, and public utilities; and finance, insurance, and real estate---all posted healthy gains. The manufacturing and service sectors, however, turned in weak growth, a result of the Asian financial turmoil and a shortage of skilled workers throughout the district. District agriculture had a difficult year, as commodity prices plunged in the face of ...
The role of universities in economic development
Prospects for the tenth district energy industry
Changes in the depository industry in Tenth District states
Recent development in Congress and the courts have focused attention on the relative roles of commercial banks, thrifts, and credit unions. As concern mounted last year about the state of the thrift deposit insurance fund, Congress required commercial banks to share the burden of recapitalizing the fund. In return, Congress promised to come up with a plan for merging the bank and thrift charters, a move the banking industry has long favored. About the same time, a federal appeals court ruled against a major source of credit union growth since the early 1980s - the acceptance of new members ...