Keeping up to date with the decisions of the Federal Reserve is a must. Right now, major stock market indexes and employment rates point to a strong economy, but the cost of borrowing money could be on the rise, which would test company profits. So who decides the cost of borrowing? One of the ways […]
Since the “Great Recession,” many local, state, and national governments have struggled to install a sustainable budget. No matter the level of government, unanticipated costs from increases in predetermined spending remain at the heart of the problem. Whether it is local governments struggling to pay promised pensions or state governments withdrawing funding to state universities, […]
Employment data for November, 2013 shows that Leon County added 157 jobs. This increase means that Leon County has added jobs for six straight months. This has not happened since 2007. The unemployment rate came in at 5.3%. Since June of this year, 5,936 people in Leon County have found work, bringing the total number […]
For the first time since 2007, a recently released report by the United States Department of Commerce indicates that Per Capita Personal Income (PCPI) has increased in all 366 Metropolitan Statistical Areas (MSA). Personal income in the United States was up 5.2% in 2011 over 2010 for an average PCPI of $41,560. A MSA is […]
With the economy still struggling, the importance of creating new jobs is becoming more and more important. Locally, we have heard for years about the impediments of job creation. These obstacles include high electric rates, the challenges at Tallahassee Regional Airport, and the permitting process. With the flow of money so tight, an extra expense […]
A public records request by Tallahassee Reports indicates that Tallahassee City Commissioners did not have much time to consider options with respect to the $8 million electric utility surplus before their vote on December 8, 2010.
To aid citizens in tracking and evaluating the status of the economic recovery in Leon County, Tallahassee Reports created the Economic Recovery (ER) Index.
Now that the recession is officially over (as of June 2009), when will the jobs come back and where will they come from? As most economists will tell you, in a normal recession employment is one of the last economic indicators to show improvement. However, as we all know, this recession is different.