Tracking wage growth by age Federal Reserve Bank of Atlanta After years of trying to push up inflation (the elusive 2% inflation target), the Fed’s super-easy quantitative easing policies as well as plentiful help from the budget side (‘helicopter’ money) and disproportionate budget deficits) more than met the target. .Read More →

Joe Sisley’s fingerprints are all over the economic development of Westmoreland County. “Joe has sold or leased all of the properties in the Westmoreland County industrial park system,” said Jason Rigone, executive director of the county’s Industrial Development Corp. There are more than 170 companies occupying 1,200 acres of landRead More →

Dubow’s worries are an allegory of cross-currents lashing an economy in recovery, but still disrupted by COVID, haunted by labor unrest, supply chain bottlenecks and consumers pessimistic but spendthrift. Inflation is at a four-decade high, workers are quitting in record numbers, and COVID introduces another wild card: the omicron variant.Read More →

Economist Herb Stein said if something can’t go on forever, it will stop. If Stein’s saying ever applied, it was to the currently unsustainable Italian public debt situation. Once the European Central Bank (ECB) stops buying Italian government bonds on the massive scale it has done in the past 18Read More →

NEW DELHI: Ganga Expressway will improve connectivity and boost economic development and tourism in Uttar Pradesh, Prime Minister Narendra Modi said on Saturday. Prime Minister Narendra Modi will lay the foundation stone for the Ganga highway in Shahjahanpur, Uttar Pradesh, around 1 p.m. on Saturday. “At 1:00 pm today, weRead More →

Montpellier, VT – Today, the Department of Financial Regulation (DFR) submitted a report to the legislature examining the various Vermont worker relocation incentive programs under Law 51 of 2021. In 2018, Vermont implemented a remote worker relocation program, the first in the country, that reimburses certain moving expenses up toRead More →

Scenarios Baseline (60%): Growth resumes in late 2021 and early 2022 as the impact of COVID-19 eases. Households continue to increase their spending to meet pent-up demand for services such as entertainment and travel. However, spending on durable goods is stagnating as consumers revert to pre-pandemic models. Business investment continuesRead More →

Magnolia City Council approved 2022 plans for Magnolia 4A and 4B economic development corporations at their December 14 meeting (Community Impact newspaper staff) Magnolia City Council approved several projects of the Magnolia 4A and 4B economic development companies for 2022 at its December 14 meeting. Director of Economic Development RachelRead More →

ABSTRACT COVID-19 poses real risks to the achievement of Malawi’s national development aspirations as adopted in the new Long Term Development Vision, Malawi 2063 (MW2063); as well as the Sustainable Development Goals (SDGs). In addition to declining economic activities and growth rates, threats from COVID-19 include erosion of national institutionalRead More →

The reasons for the rapid recovery revolve around three factors, said Dupont. These factors are the resilience of employers and workers and the ability to reorganize work; rapid delivery and generally good uptake of vaccines for advanced economies in particular, with eight billion doses already administered worldwide; and the responseRead More →

Greater San Marcos Partnership Chairman Jason Giulietti told a crowd gathered for the 2021 Texas Innovation Corridor Economic Outlook that the Hays and Caldwell County region is enjoying unprecedented success. Giulietti highlighted the region’s rapid growth, citing Hays County as the fastest growing county in the country, along with anRead More →

It took 19 months, but employment at companies in the Jacksonville area finally returned to pre-pandemic levels in September. While COVID-19 remains a threat to the economy, the outlook for 2022 is brighter for Northeast Florida. “Jacksonville’s recovery is on the fast track,” said Abbey Omodunbi, senior economist at PNCRead More →

Los Angeles County’s economy is by far the largest in Southern California, but the Inland Empire is leading population and employment growth due to falling house prices and growing demand for warehouse workers amid the boom in e-commerce. These revelations are included in the latest UCLA Anderson forecast released earlyRead More →

Economic activity in Colorado has rebounded to its pre-pandemic peak in September 2021 and the economy is expected to continue to expand, according to a new quarterly report released by the restored Colorado Futures Center of the Colorado State University System. The new forecast, called ColoradoCast, is a short-term (six-month)Read More →

SYDNEY: Australia will update its economic forecast for next year during the mid-year budget update, Treasurer Josh Frydenberg said. “The market is coming back strongly,” Frydenberg said on the national broadcaster’s “Insiders” program. “This is because we now have one of the highest vaccination rates in the world, one ofRead More →

SALISBURY, Md- Business executives and government officials met at Salisbury University’s Purdue School of Business on Friday for the South Delmarva 2022 economic forecast, expressing cautious optimism and highlighting the growth driven by investments. Speakers at the conference spoke of the region’s top 3 challenges, affordable child care, the expansionRead More →

December 3, 2021 – The City of Savannah is seeking community input on the redevelopment of the historic Water Works building on the city’s west side. Residents can take an online survey or phone interview to share their thoughts until December 17. The Water Works building, located at the northwestRead More →

Federal Reserve Chairman Jerome Powell’s hawkish turn this week will undoubtedly focus on next Friday’s consumer price inflation data from investors looking for clues about the US central bank’s next move on of its political meeting on December 16. In a busy week for data releases, economic growth in theRead More →