economy

The economy was floored by the polar vortex early on in 2014 — plus, businesses and consumers were still a little dazed by a government shutdown and debt ceiling fight late in 2013.

Mark Zandi, chief economist at Moody's Analytics, says it all produced an anxious start to the year. "Yeah, a lot of worry, particularly because we had misstepped a few other times during the recovery," he says. "We had these false dawns when we really thought the economy was going to kick into gear and then we kind of fell back into the morass."

A report on the phenomenon known as "reshoring" — the opposite of offshoring — shows that while a growing number of companies are returning to the United States to do their manufacturing, the trend is smaller and less significant to the economy than it appears.

The November jobs report from the Bureau of Labor Statistics showed that the U.S. job market continues to improve at a steady pace.

Here are the two big numbers from Friday's report:

Kentucky Economy Set to Close Strong in 2014

Nov 24, 2014

As the year comes to a close, state economists say Kentucky’s economy is reaping significant gains due to a steep drop in unemployment and a boost in jobs.

State House Democrats Unveil Agenda

Nov 6, 2014
Bud Kraft, LRC Public Information

Less than 24 hours after Kentucky voters maintained the 54-46 Democratic majority in the state House of Representatives, the chamber’s leaders announced their agenda for the 2015 legislative session. 

“We want to thank the voters for their support and for giving us the opportunity to move ahead with those ideas that are important to them and that help all Kentucky families succeed,” House Speaker Greg Stumbo said.  “Our Democratic caucus has made an effort in recent years to distance itself from the policies and gridlock we have seen coming from Washington, and the voters rallied behind that.”

http://www.kyenvironmentalfoundation.org/health-impact-assessments.html

The Kentucky Environmental Foundation has released its Health Impact Assessment for Paducah's Shawnee Fossil Fuel Plant. The report comes as the Commonwealth braces for new EPA regulations on coal plant emissions.  

iStockPhoto

Kentucky ranks in the top 5 of the best entrepreneurial climates in the nation according to an annual economic study.

Immigration Reform Could Help Kentucky Economy

Jul 4, 2014
kypolicy.org

The study, “New Americans in Kentucky,” was published this week by the Kentucky Center for Economic Policy. It found that immigrants make up 3 percent of the state’s population, with one-in-five immigrants to Kentucky originating from Mexico. Kentucky’s immigrant population grew faster than all but six states from 2000 to 2012.

Arnold Paul, via Wikimedia Commons

The new Environmental Protection Agency rules seek to cut carbon emissions by 30 percent by 2030.  State's heavily dependent on coal, like Kentucky, are expected to have some flexibility in meeting a new standard.  Still, Kentucky Coal Association President Bill Bissett believes an already diminished eastern Kentucky mining industry would suffer more job losses and says the potential impact goes beyond the coal fields to all manufacturers.

The Kentucky Chamber of Commerce has released a report detailing the state’s economic recovery following the 2007 recession.

The study, conducted by the Chamber’s Senior Economic Advisor Dr. Paul Coomes, looks at data from local fiscal reports and federal databases covering wage and salary growth, job growth and housing market indicators. 

Pages