May 24, 2020

Photo by Alfred T. Palmer

The Great Decoupling Continues

Press reports from Washington indicate that members of Congress are discussing ways to prompt American companies to move operations out of China.

This could, and let me stress could, have major ramifications for com...

May 17, 2020

Nearly three million people filed new unemployment claims last week, bringing the two-month tally to 36.5 million. For those who've managed to get applications approved, the extra $600 a week should help avert household financial catastrophe. But the extra cash won't l...

May 10, 2020

The jobs numbers for April released by the Labor Department were about as dismal as expected: The economy shed 20.5 million jobs and the unemployment rate jumped to 14.7 percent — devastation not seen since the Great Depression. The situation was even worse for minorit...

May 3, 2020

Another week, another round of job losses -- with 3.8 million people filing for unemployment last week. It brings the total jobless tally to above 30 million with an unemployment rate inching toward that seen in the Great Depression. In the journey to reopen America, m...

April 19, 2020

It took only four weeks for the U.S. economy to wipe out nearly all the job gains in the last 11 years. The new jobless filings last week bring the crisis total to just over 22 million, nearly wiping out all the job gains since the Great Recession.

Our Original Sin?

Cert...

April 12, 2020

Our Pearl Harbor

There is no way to sugarcoat what has happened to us. The U.S. surgeon general  warned Americans to brace for "our Pearl Harbor moment," a surging death toll from the coronavirus.

“It’s going to be the hardest moment for many Americans in their entire li...

April 5, 2020

Proof is in Action

As consumers cut back on spending in response to the crisis before us, state and local governments will likely face their steepest sales tax decline ever.

I think we're looking at an unprecedented time for state and local budgets, and I predict that so...

March 15, 2020

This is a special edition of BBA Economic Digest, because I believe it is warranted due to the COVID-19 pandemic.

The coronavirus outbreak already has affected our daily lives and the U.S. economy and will for some time to come. How long, we are not certain.

Scientists b...

March 1, 2020

When Population Loss Occurs

It's no great surprise to most economic developers that businesses growth has largely been concentrated in big metro areas since the Great Recession, while many rural areas have experienced a substantial loss of businesses in the past decade.

...

February 23, 2020

Why Regionalism

Scale matters, which is why regionalism in economic development matters. If you are essentially selling a bigger universe, you will have more assets to tout, more of a story to tell.

In competing for talent, export markets, and foreign direct investment,...

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