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A Very Selective Recovery
If the economic recovery is dismissed as a chimera by half the population, there is a reason. As Aki Ito, Ian Katz, and Ilan Kolet of Bloomberg report: Weeklystandard.com
Submitted yesterday

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WHERE HAVE ALL THE JOBS REALLY GONE?
Evidence is accumulating that the majority of job growth in the United States is going to immigrants, both legal and illegal, while the labor force participation for native-born Americans is hitting record lows. Florida, for example, is ranked second in the nation in job growth, but from the first quarter of 2000 to the first quarter of 2014, 52 percent of the net increase in employment population has gone to immigrants, even though they accounted for only 33 percent of population growth, according to a report released Wednesday by the Washington-based Center for Immigration Studies. wnd.com
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Why Employers Are to Blame for the ‘Skills Gap’
Complaints about a “skills gap” that make it difficult for employers to fill open positions have become commonplace in discussions about the economy and unemployment levels. Workers, the story goes, simply don’t have the educational background or professional training for the kinds of jobs that exist in today’s knowledge economy. Yahoo.com
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Why Does The Economy Stink? Because America's Owners Are Greedier Now Than Ever Before
The U.S. economy is still sputtering. Why is growth so slow and weak? One reason is that average American consumers, who account for the vast majority of the spending in the economy, are still strapped. The reason average American consumers are still strapped, meanwhile, is that America's companies and company owners — the small group of Americans who own and control America's corporations — are hogging a record percentage of the country's wealth for themselves. Yahoo.com
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America's 15 Best Cities For Young Professionals
The American economy has pumped out more than 200,000 jobs a month for six months running, as of the latest (July) numbers. Still, more than 2 million college-educated workers age 25 or older are unemployed, according to the U.S. Bureau of Labor Statistics. Workers age 25 to 34 face a 6.6% unemployment rate—the highest of any group other than the one encompassing new grads (ages 20-24). Forbes
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Texas one of best states for retirement
AUSTIN —If you're in Texas and about to retire, you're already in the right place at the right time. Texas, it turns out, is one of the 10 best states for retirement, according to a new ranking. mysanantonio.com
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The fastest-growing jobs in Texas
others. Occupations in education, business services and health services have been growing at a faster rate than other areas, according to the Texas Comptroller of Public Accounts, and tend to pay at or above the state's median earnings. mysanantonio.com
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It's Not a Skills Gap: U.S. Workers Are Overqualified, Undertrained
In the debate over why the U.S. has been so slow to emerge from the Great Recession, many have laid the blame on what’s become known as the skills gap: Despite an abundance of workers, too many simply aren’t qualified to fill the jobs available. Even now that hiring is running at its fastest clip since the late 1990s, business and industry groups such as the Chamber of Commerce continue to emphasize the damage the skills gap is doing to the economy. So do a lot of consulting firms. Businessweek
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Nearly Half of Americans Think the Recession Is Not Over
The U.S. economy has nearly recovered. Now someone has to convince Americans. Nearly half think the United States is still in recession, according to a recent Wall Street Journal poll. Some 76 percent don’t think their children’s generation will have a better life than they did. Americans are right to think they are worse off: Even if they have recovered financially, they have become aware that the economy is riskier than it used to be. They might never bounce back from that. Businessweek
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New Manufacturing
Frost & Sullivan's Manufacturing Leadership Council, a global business network for industrial executives, has issued a new Critical Issues Agenda for manufacturing built around six core issues that I believe constitute the heart of what I call the "new manufacturing." Frost & Sullivan is a long-established consulting firm with extensive connections among influential business leaders. This report didn't get much play in the media, so here is an abbreviated version. Huffington Post
Submitted yesterday

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Features & Opinion

 Top Ten Places in the South for Relocating California Companies

The America South is home to almost as many residents as the Northeast and the Midwest combined, but even that statistical record is about to be broken. According to a new Census Bureau study that came out in April, 51 percent of the nation's population jump occurred in the South from 2010 to 2013.
 

 Randle Report - Business News in the South

 FEATURE  
By Stacy Randle
Demographer Wendell Cox recently analyzed the largest gains in holders of bachelor's and post-graduate degrees between 2007 and 2012 in the 51 metro regions in the U.S. of 1 million residents or more. The results were published in Forbes magazine and the South dominated the ranking.
 

 Business News in the South - Randle Report

FEATURE     
By Mike Randle
There are numerous factors driving the new industrial revolution in the South. And it is a revolution, as this manufacturing surge that began in 2007 continues to break records year after year in the total number of large, capital intensive projects. One factor, of course, is that reshoring of facilities back to the U.S. continues to grow each year.
 
 Nashville Mayour Karl Dean

We try to change up the categories in our annual Ten Top 10s section, but we always include the "Ten People Who Made a Difference" category. This year though, we are honoring 12 and you will learn why by reading about this group of folks who have made a difference in the South. Here is our annual list that includes executives, economic developers and politicians who have made a difference in the South's economy.


 


 

 

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