Topic: Economy
News
June 5, 2015
Four years ago North Carolina’s unemployment rate was above 10% and the state still bore the effects of its battering in the recession. Many rural towns faced jobless rates of more than 20%. But in 2013 a combination of the biggest tax-rate reductions in the state’s history and a gutsy but controversial unemployment-insurance reform supercharged the state’s economy and has even helped finance budget surpluses.
News
June 5, 2015
The bachelor’s degree is often promoted as a one-way ticket to a good career and high wages, but recent research shows that an associate degree for two years of study or a certificate of specialized training can also yield middle-class earnings. In fact, salary statistics indicate that workers with these short-term-education credentials can make as much as—or even out-earn—those with a traditional four-year degree.
News
June 4, 2015
But a Wall Street Journal analysis of Labor Department data points to persistent constraints on worker pay, even as the economy approaches full employment. The Journal found 33 U.S. metropolitan areas—from the small to the sizable—where unemployment rates and nonfarm payrolls last year returned to prerecession levels. In two-thirds of those cities—including Columbus; Houston; Oklahoma City; Minneapolis-St. Paul, Minn.; and Topeka, Kan.—wage growth trailed the prerecession pace.
News
June 4, 2015
If enacted, the legislation will trigger a fundamental shift in the kinds of cars and trucks Californians drive and the way they power their homes. New targets would force industries to create more renewable energy, make more vehicles that don't burn gasoline and further slash greenhouse gas emissions.
News
June 4, 2015
The so-called split-roll proposal to change Proposition 13 would require the regular reassessment of commercial properties while keeping tax protections for residences in place. Fifty percent of likely California voters said they favor the split roll, while 44% said they opposed the idea, the poll found. In January 2012, 60% of voters supported such a change.
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