economy

According to the monthly update released Wednesday by Washington's Employment Security Department, the state’s unemployment rate stayed flat in February.

KUOW Photo/Deborah Wang

Researchers from the University of Washington and the state are hoping cold, hard data can help settle the heated debate over the costs and benefits of raising the minimum wage in Seattle.

What happens when the price of oil tanks and suddenly you're faced with a whole lot less money to deal with your town's explosive growth?

If you're 52-year-old Rick Norby, you lose a lot of sleep.

"I haven't slept since I became mayor," he says. "I really ain't kidding you."

When Norby became mayor of Sidney, Mont., oil prices were about $100 a barrel. A year later, they've fallen to roughly half that. Yet oil production has continued to churn right along.

The U.S. economy added 295,000 jobs last month, according to the Labor Department's monthly survey, and the unemployment rate dropped to 5.5 percent. The latest strong data beat expectations and follow a robust jump the previous month — a sign that the nation's economy is finally picking up steam.

At the time of their accidents, Jeremy Lewis was 27, Josh Potter 25.

The men lived within 75 miles of each other. Both were married with two children about the same age. Both even had tattoos of their children's names.

Their injuries, suffered on the job at Southern industrial plants, were remarkably similar, too. Each man lost a portion of his left arm in a machinery accident.

The Great Recession exacted a huge toll on people in every income group, and recovering from it has been a long and grueling process.

To some economists, the recovery has exacerbated the very real trend toward income inequality in the United States. French economist Thomas Piketty has noted that between 2009 and 2012 incomes have grown, but almost all of those gains have gone to the wealthiest 1 percent.

It's a claim that has been repeated often, but Steven Rose of George Washington University says it needs to be put in perspective.

Ross Reynolds interviews Marketplace senior economics contributor Chris Farrell about his new book, “Unretirement,” which delves into how the last third of life is being re-imagined. 

By 2030 one in five Americans will be 65 and older. Farrell calls it a revolution in the making that will change the workplace in the 21st century the way women entering the workplace impacted the last half of the 20th century. He argues that "unretirement" will benefit not just seniors, but us all. 

Union members marched yesterday in support of taking a vote on the latest Boeing contract offer. Weakened unions have chipped away at the middle class in King County.
KUOW Photo/Carolyn Adolph

  Earlier this month at an economic conference, King County Executive Dow Constantine made a startling point: Less than 5 percent of the households added to King County since the year 2000 were middle income.

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

Ross Reynolds talks with Jim Bak, traffic analyst at INRIX, about Seattle's congestion and how that is impacting our economy.

If Elkhart County, Ind. was the symbol of the recession, then Ed Neufeldt became the face of the unemployed worker.

Ross Reynolds talks with author Joel Kotkin about his new book, "The New Class Conflict."

Washington voters would prefer no new taxes and no deep cuts to state services. But if that’s not possible, they’re open to some new taxes.

Rising Rents In 2014 Led By Small Cities

Jan 6, 2015

Average rents increased across the country by 3.6 percent in 2014, according to new data from the real estate research firm Reis, Inc. The average monthly lease rate is now $1,124.38, the highest number since Reis started collecting data in 1980.

It’s the fifth year in a row that rents have been on the rise, but this year rent increases affected residents in smaller and midsize cities, and not just the largest cities in the U.S.

Seattle skyline
Flickr Photo/Steven Santiago (CC-BY-NC-ND)

Ross Reynolds talks with Seattle Times economics columnist Jon Talton about what to expect from Seattle's economy in 2015.

Illegal Sex And Drugs Pay Off For Britain

Dec 29, 2014

Normally we wouldn't give much thought to the fact that Britain has surpassed France as the world's fifth-largest economy. But this story caught our attention: It was the way in which Britain snagged the higher spot.

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