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Here's Where You'll Find All Of America's Oil And Gas Jobs
We recently noted that falling oil prices would probably not have a huge effect on job growth nationwide. But there are parts of the country where the oil industry is critical for employment. To get an idea of which areas will be most affected by a drop in oil prices, Trulia chief economist Jed Kolko posted this map showing where oil-and-gas-industry jobs are most concentrated, based on the Census Bureau's 2012 County Business Patterns program. This includes both regions traditionally big in oil production, like the Gulf Coast and Alaska, and places like North Dakota and Pennsylvania, which have been the beneficiaries of the shale-oil boom: Business Insider
Submitted 1 years 333 days ago

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GOLDMAN: Here's One Reason Why The Jobs Report Could Be Great, And Another Why It Could Be A Disappointment
Friday is Jobs Day in America. In a note to clients ahead of the report, Goldman Sachs' David Mericle writes that the firm expects payrolls grew by 230,000 in December as the unemployment rate ticked down to 5.7%. Business Insider
Submitted 1 years 333 days ago

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Fracking is definitely causing earthquakes, another study confirms
Yet another study has found a link between hydraulic fracturing and earthquakes. This one examined 77 minor quakes near the Ohio-Pennsylvania border. The Pittsburgh Post-Gazette reports: Grist
Submitted 1 years 333 days ago

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How The Buying Power Of Your Dollar Has Changed Over The Past 60 Years
Inflation has caused prices to rise 784% over the past 60 years. But not all prices rise at the same rate. Prices of gas, beef, and Hershey's chocolate have increased more than tenfold since 1954, much more than inflation. The prices of eggs and coffee have more than doubled and tripled respectively. But on an inflation-adjusted basis, both of these goods cost about half what they did when your grandma bought them. Business Insider
Submitted 1 years 333 days ago

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5 states most hurt by falling oil prices
Oil prices are falling, and for many Americans that’s good news, as gas prices at the pump are down and likely will stay that way in the coming months (gasoline futures fell to nearly a six-year low on Wednesday). But for some — especially residents of certain states — the falling oil prices aren’t the best news. Marketwatch
Submitted 1 years 333 days ago

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The Economics (and Nostalgia) of Dead Malls
Inside the gleaming mall here on the Sunday before Christmas, just one thing was missing: shoppers. The upbeat music of “Jingle Bell Rock” bounced off the tiles, and the smell of teriyaki chicken drifted from the food court, but only a handful of stores were open at the sprawling enclosed shopping center. A few visitors walked down the long hallways and peered through locked metal gates into vacant spaces once home to retailers like H&M, Wet Seal and Kay Jewelers. New York Times
Submitted 1 years 333 days ago

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Legislators to weigh VW incentives; OK not a given in light of UAW gains
State legislators from Hamilton County stopped short Tuesday of predicting that the General Assembly will approve incentives for Volkswagen's Chattanooga plant expansion in the wake of United Auto Workers gains at the factory. Chattanooga Times Free-Press
Submitted 1 years 333 days ago

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Texas city in fracking area is rocked by 11 earthquakes in 24 hours
On the heels of a report linking 77 earthquakes in Ohio to fracking, a Texas city in an area rife with drilling operations was hit with a wave of 11 earthquakes in 24 hours on Tuesday and Wednesday. The most intense registered 3.6 on the Richter scale, well over the level at which people would feel it — the local 911 service received more than 300 calls from residents trying to figure out what was going on. Grist
Submitted 1 years 333 days ago

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Goodman Manufacturing moving nearly 2,000 Tennessee jobs out of state
Nearly 2,000 Goodman Manufacturing employees in Dayton and Fayetteville, Tenn., will see their jobs go south over the next 18 to 36 months. Chattanooga Times Free-Press
Submitted 1 years 333 days ago

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Haslam defends Volkswagen assistance
NASHVILLE -- Republican Gov. Bill Haslam says that while he sympathizes with Hamilton County GOP lawmakers' "real concerns" about the United Auto Workers union's role at Chattanooga's Volkswagen plant, the governor is urging them not to let it torpedo $300 million in incentives that expand production there. Chattanooga Times Free-Press
Submitted 1 years 333 days ago

 

 

 

Features & Opinion

 Randle Report - Business News in the South

For those who still languish over "losing to China" or believe that the economy is still in recession, wake up and smell the data. Economic development in the South was about as good as it gets in calendar year 2015 according to the data. And as for China, borrowing a quote from the late football coach Bear Bryant that he made in the half-time locker room down 15-0 to Georgia Tech in 1960, "We got 'em right where we want 'em." For those of you who don't know the rich history of Alabama Crimson Tide football, Bama scored all of its 16 points in the fourth quarter, kicking a field goal on the last play of the game to beat Tech 16-15.
 

 Randle Report - Business News in the South

 FEATURE  
By Mike Randle
Today, factories in the U.S. make twice as much product as they did in 1984. And they are doing it with one-third of the manufacturing workforce. In fact, the output of durable goods in 2015 was the highest in the nation's history. So, we do have a strong manufacturing base, at least in the South, much of the Midwest and parts of the West, and it is getting stronger because on a cost-basis, we can compete with any major manufacturing nation in the world.  
 

 Randle Report - Business News in the South

FEATURE     
The argument for or against a minimum wage hike continues between the reds and the blues, as well as within the economic development community in the South. Should we stay the course with a minimum wage under $8 an hour to better compete with Mexico, the South's biggest competitor for jobs, or set a minimum wage just over $10 an hour, a wage floor most centrists support? That $10 per hour is, according to the MIT Living Wage Calculator, about right in most states in the South for one adult to be able to cover basic expenses plus all relevant taxes.
 
 Randle Report - Business News in the South
Recent data from the Computing Technology Industry Association (Comp TIA) showed that the technology industry is one of the fastest growing job generators in the South and the nation. The report also indicated that technology job compensation is growing faster than any other sector.
 


 

 

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