economy

Business
2:09 pm
Tue October 21, 2014

How Youth Unemployment Could Drag Down Our Future Economy

Ross Reynolds talks with Tom Allison, policy and research manager for the Millennial advocacy group Young Invincibles, about youth employment in the United States.

New Boom
3:40 am
Tue October 21, 2014

Some Millennials — And Their Parents — Are Slow To Cut The Cord

Stuart Kinlough Getty Images/Ikon Images

Originally published on Tue October 21, 2014 6:03 am

This story is part of the New Boom series on millennials in America.

So your child moved back in with you after graduation, and it seems like she will never leave. Or worse, you're sending rent checks each month while she searches for jobs in the big city.

You often find yourself wondering if she will ever grow up. You're concerned that your child is suffering from delayed adolescence.

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Economy
6:26 am
Thu October 16, 2014

Job Growth Stalls In Washington And Oregon During September

The unemployment rate in Washington rose one-tenth of a point to 5.7 percent in September.

Originally published on Wed October 15, 2014 3:19 pm

Job growth stalled during September in Oregon and Washington according to new numbers from the respective state employment departments.

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Economic Forecast
10:26 am
Mon October 13, 2014

Boom And Gloom With Economist Jon Talton

Ross Reynolds speaks with Jon Talton, economics columnist for the Seattle Times, about factors that could slow down the current Seattle economic boom.

Housing Market
11:29 am
Fri September 5, 2014

Chinese Firm To Invest $1 Billion In U.S. Homes

Pictured are renderings of homes that Chinese developer Landsea has planned in California's Simi Valley. (Landsea Group via KPCC)

Originally published on Fri September 5, 2014 12:09 pm

The Chinese real estate developer Landsea plans to invest $1 billion in the U.S. housing market, according to the company. “The Chinese housing market is slowing down. In the U.S., it’s coming up,” said John Ho, managing director of Landsea’s U.S. subsidiary, yesterday.

Michael Regan of Bloomberg News spoke to Here & Now’s Jeremy Hobson about how the developer will start with three projects — one in California’s Simi Valley, another near San Francisco and a third outside of Manhattan.

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Economic News
3:14 pm
Tue September 2, 2014

China Probing Microsoft In Antitrust Suit

Ross Reynolds talks to Seattle Times economic columnist Jon Talton about the antitrust probe China has filed against Microsoft. Also, who will move to Federal Way now that Weyerhaeuser is moving to Pioneer Square?

Labor
1:59 pm
Wed August 27, 2014

Seattle Can Raise The Minimum Wage, But Can They Enforce It?

Demonstrators in Seattle formed a human chain around City Hall in support of a $15 minimum wage in April.
KUOW Photo/Deborah Wang

Marcie Sillman talks with Jason Alcorn, associate director of Investigate West, about their new report into wage theft in Washington state and Seattle.

Economy
2:25 pm
Tue August 26, 2014

'Fireworks Are Paying For The Meal': Tales Of The New Bartering System

Marcie Sillman talks with St. Lawrence University economist Steven Horwitz about new bartering exchanges and how they compare to bartering of the past.

Sweat Equity Required
12:29 pm
Tue August 19, 2014

Buffalo Abandoned Homes Selling For $1

Pictured is the home Mike Puma bought for $1 in Buffalo, before repairs began. (Mike Puma)

Originally published on Tue August 19, 2014 11:16 am

Like many cities, Buffalo, New York, is facing a glut of abandoned homes and lots. There are roughly 16,000 vacant lots and 4,500 vacant homes throughout the city.

Instead of tearing the homes down, city officials are selling them for $1. They’re calling it the Urban Homestead Program. The program requires that residents have the ability to make necessary repairs, and commit to living in the home for at least three years.

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Sharing Economy
12:30 am
Mon August 11, 2014

Critics Blame Airbnb For San Francisco's Housing Problems

Demonstrators in San Francisco have been protesting outside apartment buildings that have units rented through online brokers.
Justin Sullivan Getty Images

Originally published on Mon August 11, 2014 11:08 am

Online rental brokers like Airbnb, VRBO and Flipkey in San Francisco may be finding some success renting to visitors on a nightly basis, but people concerned about a shrinking rental market have turned to legal action and protests.

In the city's North Beach neighborhood, for example, protesters recently gathered around a three-unit apartment with flats an online broker rents to vacationers. This used to be the rent-controlled home of elderly tenants until out-of-town investors bought the building and evicted the residents.

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Layoffs In Seattle
2:56 pm
Wed July 30, 2014

Amgen, Seattle's Largest Biotech Employer, Is Leaving Town

The double helix bridge over the railroad tracks along Elliott Avenue at the Seattle Amgen facility.
Flickr Photo/Chas Redmond (CC-BY-NC-ND)

California-based biotech firm Amgen announced on Tuesday that it would close its Seattle and Bothell campuses by 2015, resulting in the loss of 660 jobs locally. The closure is part of a company-wide layoff of an estimated 2,400 to 2,900.

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Sharing Economy
3:03 pm
Thu July 24, 2014

Seattle Startup Seeks To Create Foodsharing Community

A local startup is entering into the trend of social marketplaces with foodsharing.
From Ubrlocal's Facebook page

Ross Reynolds talks with Kamal Patel, co-founder of Ubrlocal, a marketplace for Seattle gardeners and farmers to share their wares.

Seattle Boom
3:31 pm
Mon July 21, 2014

Massive Layoffs At Microsoft A Test For Seattle Startup Culture

Flickr Photo/Wonderlane (CC-BY-NC-ND)

Last week, Microsoft began the biggest layoffs in the company’s history: 18,000 total expected in the next year. So far, about 1,300 local workers have been affected.

Jon Talton, business reporter for the Seattle Times, told KUOW’s Ross Reynolds on The Record that this event is a test for the local economy. He said the Seattle area is in the midst of an economic boom – driven by Amazon, Boeing’s 777X and 737, increased exports and low unemployment.

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2 Beds, 1 Bath
11:48 am
Thu July 17, 2014

San Francisco Median Home Price Hits $1 Million

According to real estate website Zillow, each of the Painted Ladies in San Francisco's "Postcard Row" is worth around $3 million. (Leonardo Stabile/Flickr)

Originally published on Thu July 17, 2014 11:03 am

In an already pricey real estate market, San Francisco’s median home price has just hit the $1 million mark, according to a new report from industry info firm DataQuick.

To figure out what’s going on in the city by the bay, Here & Now’s Jeremy Hobson turns to Nancy Wallace, co-chair of the Fisher Center for Real Estate and Urban Economics at the University of California, Berkeley.

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Economic Recovery
8:00 am
Thu July 17, 2014

Washington Jobless Rate At 6-Year Low, But Rural Counties Lag

King County is leading the job recovery in Washington state.

Originally published on Wed July 16, 2014 4:41 pm

According to the June jobs report released Wednesday, Washington’s jobless rate has dropped to 5.8 percent -- the lowest level in six years.

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