Economy adds more jobs in June even as hiring slows
Although hiring inched down in June, the U.S. labor market is still showing signs of strength, with unemployment falling and earnings continuing to rise, the latest jobs report from the U.S. Department of Labor showed. The economy added 209,000 jobs as the unemployment rate fell to 3.6% from 3.7% in May. “In excess of 200,000, […]
Property for proposed aluminum mill back with local authority, Beshear says
Property once eyed for an aluminum mill in northeastern Kentucky is again under local control, Gov. Andy Beshear said. He announced Thursday that Unity Aluminum has transferred more than 240 acres to the Northeast Kentucky Regional Industrial Authority, an economic development group that manages the multi-use business park near I-64 between Grayson and Ashland. During […]
Powell signals higher interest rates. Here’s why Friday’s jobs report will affect Fed’s decision.
Federal Reserve Chairman Jerome Powell said this week that interest rate increases could be higher and come faster if Friday’s unemployment data shows the nation’s labor market isn’t cooling off. Stock indexes fell after his comments. That’s been a familiar pattern over the past year as the federal bank has tried to combat inflation. A […]
Tennessee has some advantages over Kentucky. Backward tax policy isn’t one of them.
Maybe some Kentucky Republicans are right: we do need a wall along our southern border. Otherwise all those poor and middle class Tennesseans who want to avoid their state’s high sales taxes will keep coming up here and crowding our stores. Who can blame them? Tennesseans now pay state and county sales taxes as high […]
Regressive Kentucky laws bring back the bad old days
Addressing the long list of pressing modern challenges facing Kentucky requires a unified effort from all of us. How will we create good jobs in a globalized economy, stem climate change and deal with its effects, protect public health against the threat of future pandemics, and more? Instead of tackling the dilemmas of our age, […]