economy

Up to Date
5:24 pm
Thu October 4, 2012

Kansas City, Overland Park Mayors Talk Regional Cooperation

Kansas City, Missouri Mayor Sly James

Kansas and Missouri say they’d like to work together, but they keep poaching each other’s businesses.

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Central Standard
9:56 am
Thu September 27, 2012

Economic Roundtable: Post-Keynesian Theory

Want to satisfy your inner econ geek? 

You've come to the right place. On Thursday's Central Standard, we’re having a roundtable talk on all things Post-Keynesian with distinguished UMKC research professors William Black, Randall Wray and Michael Hudson.

Find out why the dynamics of private sector are essential to understanding the economy. Plus, we’ll discuss government transparency and accountability. If you're just little rusty on your economic theory and policy, join us at the table for the perfect refresher course.

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Economy
12:48 pm
Tue September 25, 2012

Two Plans For Fixing The Economy, But Few Details

Job seekers fill out applications Aug. 21 at a construction job fair in New York. Polls show voters want the presidential candidates to provide more details on how they would reduce unemployment, change tax policy and alter government spending.
Seth Wenig AP

As this presidential election year was kicking off, strategists were saying the focus would be on the economy. But now — even as absentee ballots are being filled in — the candidates are still dodging details about how to improve growth.

"President Obama doesn't have a plan," says Kevin Hassett, an economic adviser to Republican candidate Mitt Romney.

Jeffrey Liebman, an economic adviser to President Obama, says Romney has revealed no plan other than "going back to the failed policies of the past decade."

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Business & Tech
7:50 am
Thu June 7, 2012

Missouri's Economy Stagnant In 2011

Missouri's economy stayed steady in 2011. The state's GDP did not grow.
Bureau of Economic Analysis

Missouri’s economy stayed stagnant last year.  A new report by the federal Bureau of Economic Analysis says Missouri’s gross domestic product remained steady in 2011.

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The Two-Way
2:48 pm
Thu May 31, 2012

For Many Teens, Summer Jobs May Be Thing Of The Past

Tom Auffhammer, 17 (right) scoops ice cream in Syracuse, N.Y. Teens continue to face stiff competition for summer jobs, but a downward trend in summer hiring for teens actually predates the recession.
Michelle Gabel The Post-Standard/Landov

The school year's winding down, meaning teenagers around the country will soon be trying to pull in some extra cash scooping ice cream or manning those kiosks at the mall.

But with the job market still weak, teens are facing stiff competition landing summer jobs. And while the downturn has hit young job seekers particularly hard, it's not just the lingering effects of the Great Recession working against them: the drop-off in teen summer hiring actually began long before 2007.

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Central Standard
3:15 pm
Mon May 21, 2012

Endemic Financial Fraud (AKA. Green Slime)

Gregory Mankiw

Every president and presidential candidate has an economic advisor, but how influenced are these positions by politics?

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Government
12:47 am
Wed May 16, 2012

Unemployment Down, Jobs Up In Missouri

Mary Slaughter, an employee of Southwest Technologies for 19 years, says this time of year is usually slower for business. But that hasn't been the case in the last few years. Southwest recently signed three new contracts and wants to expand its facility.
Elana Gordon KCUR

At 7.3 percent, unemployment in Missouri has dropped to its lowest level in 40 months.  That’s according to the latest monthly report from the state’s Department of Economic Development.

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Economy
10:53 am
Mon May 14, 2012

Uneven Economy Evens The Field For Obama, Romney

An audience member decries President Obama's economic policies as Republican presidential candidate Mitt Romney speaks during a February campaign rally in Atlanta.
Gerald Herbert AP

Originally published on Mon May 14, 2012 12:51 pm

As the election year began, conventional wisdom was pretty well set about the outcome of the presidential race. If the economy improved, President Obama would win. If not, he'd be a one-termer.

So what does it mean that many big economic indicators are moving sideways?

"Obama seems to be in that gray area," says Paul Pierson, a political scientist at the University of California, Berkeley. "The numbers are neither so good nor so bad that they give you a definitive answer."

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The Two-Way
8:42 am
Wed May 2, 2012

Hiring Slowed In April, Report Signals

Businesses added just 119,000 jobs to their payrolls in April, a sharp drop from an estimated 201,000-gain in March, according to the latest ADP National Employment Report.

The private group's report is "a troubling sign" two days before the Bureau of Labor Statistics issues its figures on April employment growth and unemployment, The Associated Press says.

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Economy
7:44 am
Fri April 27, 2012

Is Moderate Growth Good For The Economy?

Growth will remain low and consumers will be cautious as long as unemployment stays high, economists say.
Scott Olson Getty Images

The U.S. economy hit the recession exit ramp nearly three years ago, but it's been lost on the back roads somewhere near Recoveryville ever since.

Growth rates have been modest at best compared with the 4-plus percent growth in the years well before the U.S. began slouching toward its worst post-World War II recession.

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The Two-Way
12:54 pm
Mon April 23, 2012

AP Analysis: Half Of Recent College Grads Are Jobless Or Underemployed

Students from John Moores' University celebrate graduation.
Christopher Furlong Getty Images

It's hard out there for a college grad.

The AP analyzed government data and came up with this stunning figure: "Half of young college graduates [are] either jobless or underemployed in positions that don't fully use their skills and knowledge."

The whole story is worth a read, so we encourage you to click over, but here is the meat of the AP's analysis:

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Business
3:35 am
Mon April 23, 2012

Continued Job Growth Will Help Housing Industry

Originally published on Mon April 23, 2012 5:36 am

Transcript

STEVE INSKEEP, HOST:

Later this week, we get some key data to help judge the state of the nation's housing market. There are some early signs of recovery, but home prices are still falling in many areas, as NPR's Chris Arnold reports.

CHRIS ARNOLD, BYLINE: Tomorrow, we'll get the latest word on home prices from what's called the S&P Case-Shiller index. That keeps showing price declines in many areas. Though those price drops have been leveling off, so things definitely aren't as bad as they were.

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The Salt
9:42 am
Tue April 17, 2012

Food Stamps Helped Many Families Weather The Recession

Food stamps kept the carts rolling during the recession.
iStockphoto.com

Originally published on Tue April 17, 2012 10:26 am

Food stamps have long been a favorite whipping boy of politicians looking to beat up on government spending. But the massive food-assistance program does help keep people out of poverty, according to new research.

Food stamp benefits led to a decline of 4.4 percent in poverty from 2000 to 2009, according to a new report from the USDA's Economic Research Service.

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Up to Date
5:29 pm
Mon April 16, 2012

Beyond The Supreme Court Decision On The Affordable Care Act

President Obama signing the Affordable Care Act into law in 2010

Over the next year, Congress and the President will be called upon to reconsider all major elements of the U.S. ‘safety net,’ as well as the foundations of the U.S. tax system.

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Economy
12:49 pm
Fri April 6, 2012

For Long-Term Unemployed, Help Is Running Out

Job seekers line up to enter a career fair in Los Angeles. Both Congress and states are cutting back on unemployment benefits.
Kevork Djansezian Getty Images

Diane Turner can't find work. She spent 30 years managing dental practices in Sonoma County, north of San Francisco, but lost her last job in that field a couple of years ago.

She worked for a while greeting customers at an auto body shop, but lost that job a year ago. "It was very depressing," Turner says. "I always worked, and I was always able to get a job."

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Economy
11:00 am
Fri April 6, 2012

March Jobs Report Offers Mixed Messages

Originally published on Fri April 6, 2012 10:44 am

Transcript

MICHEL MARTIN, HOST:

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The Two-Way
7:34 am
Fri April 6, 2012

Just 120,000 Jobs Added, But Jobless Rate Dips To 8.2 Percent

The changes in payroll employment over the past two years.
NPR

Originally published on Fri April 6, 2012 9:37 am

The nation's unemployment rate edged down to 8.2 percent in March from 8.3 percent in February, but only 120,000 jobs were added to private and public payrolls the Bureau of Labor Statistics said this morning in a report that was less positive about the labor market's health than economists had expected.

Prior to the news, forecasters had predicted BLS would say about 200,000 jobs were added to payrolls last month.

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Economy
12:50 pm
Thu April 5, 2012

Just How Strong Is The Job Market?

Job seekers attend a career fair in New York City. Federal Reserve Chairman Ben Bernanke says the quick drop in unemployment might have been a reversal of overzealous cutbacks during the financial crisis.
Spencer Platt Getty Images

Originally published on Fri April 6, 2012 4:44 am

The monthly employment report Friday could help answer a key question about the economy: Will the recently strong job growth slow once employers finish replacing the people they fired during the depths of the recession?

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Economy
10:24 am
Thu April 5, 2012

Debt Struggles As Old As America Itself

An 18th century political cartoon entitled "A New Way to Pay the National Debt."
Library of Congress

As of today, the national debt held by the public is more than $10 trillion. That's more than $30,000 for every man, woman and child living in the United States.

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The Two-Way
7:40 am
Thu April 5, 2012

Jobless Claims Stay Around Four-Year Low

The number of people filing first-time claims for unemployment insurance stayed around a four-year low last week, the Employment and Training Administration just reported.

It says there were 357,000 such applications, down 6,000 from the previous week's revised figure of 363,000.

Claims have been running at the lowest rate since March and April 2008 for several weeks now.

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Economy
11:37 am
Wed April 4, 2012

Private Hiring Signals Another Strong Jobs Report

Joanely Carrero restocks shelves at a Target store in Miami. Two reports Wednesday indicated that private hiring grew in March.
Joe Raedle Getty Images

Jobs at U.S. businesses increased by 209,000 in March, according to a report released Wednesday by the payroll processing firm ADP. That's in line with expectations for the monthly jobs report due out Friday.

Analysts expect Friday's official employment report from the Labor Department to show that employers added 215,000 in March and that the unemployment rate remained at 8.3 percent, according to Bloomberg News.

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The Two-Way
8:55 am
Wed April 4, 2012

Good News On The Jobs Front, Except From Yahoo

Originally published on Wed April 4, 2012 8:56 am

On the plus side, the ADP National Employment Report issued this morning estimates there were 209,000 jobs added to private employers' payrolls in March. And ADP's data often are something of a predictor for what the Bureau of Labor Statistics will have to say when it issues its monthly numbers. Those March figures are due on Friday at 8:30 a.m. ET.

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Up to Date
1:28 pm
Tue April 3, 2012

U.S. Rep. Emanuel Cleaver: Economy, Budget, Gas Prices & More

U.S. Capitol grounds in Spring
Gregg @ dcscorpio.blogspot.com

He’s just returned from lengthy deliberations in the U.S. House of Representatives over next year's spending plan. But is Congress getting anywhere?

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Up to Date
1:51 pm
Mon April 2, 2012

Scorecasting: The Hidden Influences Behind How Sports Are Played & Games Are Won

The final dance of this college basketball season is tonight. Fans everywhere are counting on their team to pull off the big win in New Orleans.

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Central Standard
12:39 pm
Tue March 27, 2012

Modern Monetary Theory

On this Tuesday's Central Standard, Modern Monetary Theory. It’s nowhere near as dull as it sounds.

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Central Standard
9:42 am
Tue March 13, 2012

Economic Dignity, Health Screenings

Pastor DeForest “Buster” Soaries

Today on Central Standard, a look at the role of faith based organizing in restoring economic dignity to the neighborhoods that need it most.

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Up To Date
10:03 am
Fri February 17, 2012

Monkey Economics

Economics is monkey business.
Nick-K flickr.com

We’re not all economical geniuses, and we’ve all probably made less than sterling financial choices along the way.  Is there a reason for these lapses in judgment?

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Central Standard
12:50 pm
Thu January 12, 2012

Vegetarianism In KC / Pity The Billionaire

How difficult is it to be a vegetarian in Kansas City? Then later... Even Mr. T pities a fool, but why pity a billionaire?

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Obama Pitches Version of Roosevelt's "Square Deal"
6:19 pm
Tue December 6, 2011

Obama in KS: "We Must Restore the Middle Class"

Dan Verbeck/KCUR

Osawatomie, Kan. - President Obama gave an hour-long address in Osawatomie on Tuesday where he focused on the economy and creating a level playing-field for all Americans. KPR's Stephen Koranda was in the crowd and filed this report.

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KCUR News
5:15 pm
Mon August 29, 2011

New Vision for KC Development

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