economy

Becca Schimmel

A Kentucky economist said the state isn’t seeing the kind of employment growth it needs to make up for recession-era job losses.

via Creative Commons Attribution-Share Alike 3.0, Michael E. Cumpston

  After recently filing for bankruptcy a national outdoors products retail chain said Monday they will be liquidating all of their locations. Gander Mountain announced in a release after selling certain assets to RV and camping retailer ‘Camping World.’

Konstantin Fedin, 123RF STOCK PHOTO

Tennessee’s economy showed steady growth in 2016.

The Tennessee Quarterly Business and Economic Indicator report for the fourth quarter released Tuesday showed a 6.5% increase in new business filings from the fourth quarter of 2015 as well as a 0.5% drop in business closings.

It can take decades for a country build up a name as a good place to do business, and the U.S. consistently ranks among the best. But some economists say its reputation for trustworthiness could be challenged if President-elect Trump makes good on threats to rip up international agreements.

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.

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