What’s up with the labor market?

The latest numbers for the national labor market came out this morning and they look good.  The headline figures: 4.9 percent unemployment and 242,000 jobs created in February. There’s lot of detail that gets overlooked in the headlines, so let’s take a look at a couple additional measures; the complete release is available here. Headline unemployment versus other measures  (click to … [Read more...]

Mining and jobs on the Iron Range

Hull-Rust-Mahoning Open Pit Iron Mine, Mesabi Range, 2010 By Chipcity - Own work, CC BY-SA 3.0, https://commons.wikimedia.org/w/index.php?curid=21362665   What is the fate of mining in northeastern Minnesota? No one knows the answer but it’s clear that ferrous and non-ferrous mining won’t go away without fights. First, the StarTribune reported, The state signed off Thursday on … [Read more...]

Econ in English: Tax policy

Tonight is my second Econ in English session of the semester.  I spend 10-15 minutes putting an economic issue into context (e.g. tax policy, the role of the Federal Reserve) and then another 45-50 minutes answering audience questions on the topic.  I enjoy it and invite anyone (not just CSB|SJU community members) to join us. Here is one of the pictures I'll use tonight: If you want to … [Read more...]