Regional Inequality and ‘The New Geography of Jobs’
August 07, 2012
What explains the wide range of economic growth and prosperity across U.S. regions, and why is it so hard for struggling metro areas to reverse multi-decade trends? These are the questions that urban economist Enrico Moretti addresses in The New Geography of Jobs. In his vision, innovative workers and companies create prosperity that flows broadly, but these gains are mostly metropolitan in scale, meaning that geography substantially determines economic vitality. To start, the book offers a hopeful interpretation of technological change and globalization.
Is the Economic Recovery Running Out of Steam?
June 15, 2010
Nationwide, the economic recovery looks more fragile than it did just a few months ago. GDP is growing at a moderate pace but not nearly as rapidly as at the end of last year. Almost no private sector jobs were created in May. The unemployment rate dipped from 9.9 percent in April to 9.7 percent in May, but mostly because fewer people were looking for work. Nearly half the unemployed in May were out of work for more than six months.
Changes to EITC in Proposed Budget
February 05, 2010
The president’s proposed budget for FY2011 contains a few key provisions that will mean good news for low-income working families at tax time, even after the American Recovery and Reinvestment Act (ARRA/stimulus bill) runs its course. It also proposes to terminate an ineffective program for these families, but stops short of advancing a much-needed replacement. Top 10 States and Metro Areas for Increases in EITC Dollars due to ARRA Changes in Eligibility First, ARRA temporarily expanded two important tax credits for working families that the Administration now proposes to make permanent.