Seattle Mayor Mike McGinn presented his 2014 budget proposal yesterday. In a speech before the Seattle City Council, he outlined a plan to boost spending for a host of government programs — from police staffing to universal preschool.
McGinn said the city is in a position to spend more because tax revenues are coming in stronger than expected. “Construction remains strong, our sales tax and real estate excise tax are exceeding forecasts," he said. "That means we can make new investments in our people and our infrastructure.”
This week, KUOW has been taking a deeper look at the jobs recovery in Washington state in our series, The Big Reset. In this segment, we're talking numbers: unemployment, wages, industry trends. And the good news is, Washington is doing all right.
The unemployment rate here has mirrored the national average at around 7 percent. Ross Reynolds talks with regional labor economist, Anneliese Vance-Sherman about Washington's recovery and industry trends.
The US Census Bureau released numbers this week looking at poverty rates and wages across the US in 2012. Our local numbers reflect what’s happening around the country: the number of people living in poverty has stagnated and wages have stayed about the same.
At first glance, this may seem like good news, or even non-news. But the census numbers reveal a larger picture of what’s happening in the wake of the recession: that people in low and middle income brackets aren’t really experiencing a recovery.
Jennifer Romich is the director of the West Coast Poverty Center and an associate professor at the UW School of Social Work. She told KUOW's Marcie Sillman the "statistically insignificant" numbers from the Census Bureau paint a concerning picture of many people that are unable to get ahead financially.
Welding torches have sizzled at the Vigor Industrial shipyard on Seattle’s Harbor Island for a century. But the men and women behind the welding masks in this particular warehouse have only been at it for two weeks. The demand for skilled welders is so high that the shipyard and the state are now paying to teach the skill to displaced workers.
If you’re on the hunt for an affordable apartment in Seattle, Bellevue or Tacoma – good luck. Rents in these urban areas continue to climb higher while people’s earnings remain stagnant, according to a new annual census report released Thursday.
Nursing schools around the country have seen a jump in enrollment in the last few years. Many students were hoping to get in on what was supposed to be a recession-proof field: the growing health care sector. Instead, new graduates faced a tough market.
Larry Summers has pulled out of the running to be the next head of the Federal Reserve. The former treasury secretary and Harvard president was said to be the leading candidate for the position to replace Ben Bernanke. So why did Summers withdraw? Joining Ross Reynolds with the latest on what’s going on in the other Washington – and what’s at stake for the country – is Annie Lowrey. She's covering the story of the next Federal Reserve chief for the New York Times.
Marcie Sillman speaks with Shelly Lundberg, UC Santa Barbara economics professor.
It's no surprise that money stress doesn't bode well for romance. For many couples, decisions like marriage, divorce or children hinge on the question: Can we afford it? Marcie Sillman talks with UC Santa Barbara economics professor Shelly Lundberg and couples counselor and director of UC Los Angeles' Sexual Health Program Gail Wyatt about how money impacts our love lives.
The economic downturn attributed to the Great Recession tested the resilience of many workers and careers.
King County’s unemployment rate is more than 2 percent lower than the national rate. In fact, the Seattle area is seen as a bright spot in the recovery. But the farther you get from the big city, the more likely a different picture emerges. In some rural areas, incomes and job security are lower, and this has made for a tougher recovery.
A group of business and civic leaders including Bill Gates Sr. have issued a report calling for the University of Washington to admit more in-state students. They also say the UW needs to recruit more leading academics.
Originally published on Fri September 6, 2013 6:05 pm
Take a drive down any highway in the Northwest, and you'll pass signs for dozens of small towns. There are more than 700 cities under 10,000 people in Washington, Oregon and Idaho. Many of these towns came about because of railroads or timber or mines and now they’re trying to figure out what comes next.
It's nearly 2:15 in Avery, Idaho. The mail has arrived. And the post office is about to become the busiest place in town.
Losia Nyankale, 29, didn't mean to make a career in the restaurant business. But after Nyankale was in college for two years, her mom lost her job as a schoolteacher and could no longer pay tuition. Then, Nyankale's temp jobs in bookkeeping dried up in the recession. So she went back to her standby — restaurant work.
"I did some kitchen work. The pantries or the salad station," she says. "I've also managed, supervised, wash[ed] dishes."
Rico Saccoccio is a junior at Fordham University in the Bronx. He's from a middle-class family in Connecticut and he spent the summer living at home with his parents, who cover about $15,000 a year in his college costs.
According to the U.S. government, Saccoccio is living in poverty. The $8,000 he earns doing odd jobs puts him well below the $11,945 poverty threshold for an individual. In fact, the U.S. Census Bureau recently reported that more than half of all college students who are living off campus and not at home are poor.
We discuss the economy a lot on The Conversation. From the effects of the recession to financial planning, money is always in the news. Today, we rebroadcast some of our best interviews with economists and financial reporters, including a talk with Paul Krugman in front of a live studio audience.