economy

Trumped: Coal’s Collapse, Economic Anxiety Motivated Ohio Valley Voters

Nov 21, 2016
Robert McGraw, WOUB

The electoral map of Kentucky, Ohio, and West Virginia is a sea of red with a few islands of blue. Of the 263 counties in the three states only nine went for Hillary Clinton, most of them around the region’s cities.

The Ohio Valley ReSource looked to voters and voting data to learn more about what motivated Donald Trump’s supporters and what they hope he will do as president.

Kentucky Labor Cabinet

  Governor Matt Bevin’s administration is counting on a growing apprenticeship program to help fill Kentucky’s future workforce needs.

Sergey Kuzmin, 123rf Stock Photo

State budget officials say tax collections for Kentucky’s General Fund grew by nearly 4% in the past fiscal year, fueled by strong sales and individual income tax receipts.

jodylehigh, pixabay

You are Letcher County, Kentucky. You are rural, mountainous, and in the heart of the central Appalachian coalfields. Your economy is not in good shape. Fox News has called your largest town “the poster child for the war on coal.” You are offered funds to build a new federal prison. It could bring jobs but also brings up troubling moral issues. What do you do?

Say you are one of the roughly 15,000 American steel workers who have been laid off — or received notice of coming layoffs — in the past year.

You and your boss would cheer any reduction in China's massive steelmaking capacity. Chinese steel has been flooding global markets and hurting profits for U.S. companies.

The Labor Department's May jobs report, released Friday, was surprisingly bad.

Economists scrambled to explain why they hadn't seen a hiring dropoff coming. Most had predicted about 160,000 new jobs for May, but in fact, only 38,000 materialized. That was the smallest increase since September, 2010.

The U.S. economy added just 38,000 jobs in May, according to the Bureau of Labor Statistics in its monthly report — far fewer than the 160,000 that economists had anticipated.

NPR business editor Marilyn Geewax called the number "shockingly low."

The unemployment rate declined by 0.3 percentage points, the Bureau says, to 4.7 percent — but that can be attributed to people dropping out of the workforce, Marilyn says.

Tre Hargett, Twitter

Tennessee's economy continues to grow in 2016 according to a new economic report. The Secretary of State's office released the report Tuesday. 

The U.S. economy gained 242,000 jobs in February while average wages dropped slightly, according to a Bureau of Labor Statistics report released Friday.

The unemployment rate held steady at 4.9 percent.

The report indicates stronger job growth than expected, and an improvement over the previous month. January's count of 151,000 new jobs — far lower than had been anticipated — was revised upward, to 172,000. And the job gains for December were also revised upward, from 262,000 to 271,000.

At the Lee Valley consignment sale near Tekamah, Neb., dozens of used tractors, planters and other equipment were on the auction block for farmers trying to save a few extra dollars. It was a muddy day, with trucks and four-wheelers leaving deep black ruts — fitting conditions for an industry wallowing in bad news.

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