Economics Posts
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College: Is it worth it?
Jobs are a hot topic of conversation these days: There aren’t enough of them, there aren’t enough good ones, there aren’t enough that pay a living wage.
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Save the Census!
As the Director of Research & Planning at United Way, I'm often asked for data around population breakouts, poverty, veterans, disability, and income. Guess where the data usually comes from?
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Our Astounding Wealth Inequality
A Harvard economist asked more than 5,000 Americans how they thought wealth was distributed in the United States. This is what he found.
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Now Hiring, but It's Still an Uphill Slog
The national unemployment report just came out and with it some good news: Unemployment dropped from 7.9% in January to 7.7% in February (seasonally adjusted). A year ago (February 2012) the unemployment rate stood at 8.3%.
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On Poverty and Poetry
Poetry can be a powerful way to convey emotions as well as experience. I’m currently reading The Rich and the Rest of Us: A Poverty Manifesto by Tavis Smiley and Cornel West and ran across this poem, "Being Poor."
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Children, Poverty and Education
The number of Minnesota children living in poverty has increased 60% since 2000, and now stands at nearly 200,000. Children are more likely to live in poverty than any other age group, and the younger the child, the higher the poverty rate.
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Investment to Impact!
Our upcoming forum, Investment to Impact, will focus on measuring the impact of human service sector work in our community as well as the innovative work already taking place to clearly connect investment to outcomes.
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New Job Vacancy Survey Report
The most recent job vacancy survey is out and it has some good news: Not unexpectedly, the job vacancy rate has improved, with statewide vacancies up 15.1% compared to a year ago.
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Fourth Annual Agency Survey
The fourth annual survey of United Way funded agencies has been conducted and the results are now available. There was a significant jump in the proportion of agencies reporting an increase in the number of homeless youth they are seeing.
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Long-Term Poverty, Long-Term Impact
In early 2012, United Way released the Faces of Poverty report. From this seventy-page report, we are publishing four briefs and the second poverty brief is now out. While the first brief focused on poverty and unemployment, this second brief focuses on chronic or long-term poverty.
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Poverty Brief: Unemployment and Situational Poverty
Last month, Greater Twin Cities United Way published the Faces of Poverty 2012 report—an in-depth look at poverty both locally and nationally. We’re now releasing the first of four briefs based on the report. This first brief focuses on unemployment and situational poverty.
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Job Vacancy Survey: Good News or Bad?
The Minnesota Department of Employment and Economic Development has issued its Job Vacancy report for the fourth quarter of 2011, and it contains some good news.
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Poverty Report: Hot off the Press!
We’ve just completed a major report on poverty. Working on it was unbelievably informative—and sobering. I thought I knew a lot about poverty, but as with most issues, there’s always more to learn.
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Rebuilding Prosperity
I was pleased to find The Price of Civilization: Reawakening American Virtue and Prosperity by Jeffrey D. Sachs at Sixth Chamber Books (a St. Paul gem) a couple of weeks ago. Sachs usually takes a more global look at things (most particularly global poverty) and I was glad to see him focusing specifically on the States.
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Jobs: Improving but Still Bleak
The Minnesota Department of Employment and Economic Development (DEED) has released the findings of the most recent job vacancy survey (conducted twice a year) and the news is decidedly mixed. First the good news: There are now 3.6 unemployed workers in the state of Minnesota for each job vacancy—a significant improvement over the 4.8 unemployed people one year ago.
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We Can't Afford a Government Shutdown
Until a few days ago, the potential shutdown of the state government was only on the fringe of my radar. But in the space of 12 hours, the specter of shutdown crossed my path three times.
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A Dream Deferred
There’s no denying the value of higher education. Recent unemployment statistics show a very clear, very linear relationship between level of education and unemployment: The lower the level of education, the higher the level of unemployment.
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2011 Survey Reveals Slow Recovery for Local Nonprofits
Nonprofit agencies continue to feel the impact of the recession, nearly two years after its end. According to Greater Twin Cities United Way’s most recent agency survey, more than half of our partner agencies (59%) saw more clients in 2010 than they did in 2009, the official end of the Great Recession.
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In Defense of Taxes
I finally put my taxes in the mail a few days ago. It’s always a feeling of accomplishment to sign, staple, and mail them. Everyone of course has their priorities, but for my dollar, I’m glad to support any number of things that I couldn’t figure out how to pay for on my own in any kind of economical or sustainable manner. Here is a starter list of the things that I’m really glad my taxes pay for.
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Income Inequality: A Meeting of the Minds
Americans’ consensus about the ideal distribution of wealth within the United States dwarfs their disagreements across gender, political orientation, and income.
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An Itemized Tax Receipt? Yes, please.
What a concept! An itemized federal tax receipt: I pay my taxes, and I get a receipt detailing exactly where they all went.
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New Job Vacancy Survey
The Minnesota Department of Employment and Economic Development (DEED) has just released the findings of its 4th quarter (2010) Job Vacancy Survey. There is good news!
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The Slowest Recovery
Recent reports about long-term unemployment, foreclosures, job losses and hunger show that we're not out of the woods yet.
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Temporary Workers in a Permanent Fix
As temporary workers make up an increasingly larger share of our workforce and hold positions at companies for longer periods of time—sometimes for years, I got to wondering what it’s like to be a temp worker.
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The Future Is Now
I just finished the July-August edition of The Futurist and learned many fascinating things as per usual. Here are a few items that were new to me: -
The New Normal
Wednesday morning I went to United Front 2010, sponsored by United Way and General Mills. The event was a half-day conference focused on the nonprofit sector in the new economy. Tom Stinson, the state economist, was the keynote speaker. The good news: The recession is over. But the Great Recession and demographic changes are going to change the economic landscape in Minnesota as far into the future as we can see. Stinson (and others) are calling this the New Normal. -
Quarterly Pulse: Economic Difficulties Continue
The most recent edition of the Quarterly Economic Pulse has just been released. -
Job Vacancies in Minnesota
The Department of Employment and Economic Development (DEED) has released the results of their most recent Job Vacancy Survey, and the hits just keep coming. In the fourth quarter 2009, there were 8.2 job seekers for each vacant job in Minnesota. This is up from 7.7 in the second quarter and 5.6 one year ago. According to DEED, The fourth quarter 2009 labor market was the least favorable for job seekers during the history of the job vacancy series dating back to fourth quarter 2000. -
New Data About the Uninsured in Minnesota
The Minnesota Department of Health just published new data about uninsured Minnesotans. No surprise here: The number is growing. In 2009, nearly 1 in 10 Minnesotans (9.1%) was without health insurance. That translates into about 480,000 people—nearly half a million. -
The State of the Economy
We’ve just posted the January edition of State of the Economy. This is a monthly publication that pulls together key economic developments both locally and nationally. It also includes the most recent data available about referrals made by United Way 2-1-1. -
The High Cost of Inequality
Is inequality worse for us than poverty? That’s what Richard Wilkinson and Kate Pickett argue, sometimes convincingly, in their book, The Spirit Level: Why Greater Equality Makes Societies Stronger. -
Greed, Gardening and Gut Symmetries: 9 Books from 2009
I finished my 2009 books-read list over the weekend—always a fun project. Here are 9 of my favorites from the year: -
Hot Off the Press! 12/29/2009 11:41 am
The most recent Quarterly Economic Pulse has just been published—local data about the economy and what that means and how it affects the nonprofit sector. The Pulse is a joint venture of Greater Twin Cities United Way and Twin Cities Compass, and this is our third issue (see previous issues here—you have to scroll down a little bit for the links). -
Bumpy Ride Ahead
The new unemployment numbers took a lot of people, including me, by surprise: Unemployment rose from 9.8% in September to 10.2% in October. It isn’t the increase that surprised me—all the economists have been saying the unemployment rate is going to continue its climb, even though the recession itself is likely over. Rather, it was the size of the increase. I had just finished my October State of the Economy the previous week, which included unemployment projections of 10% by December and a peak of 10.2% in February. -
The Truth Is Out There
Some economists are heralding the end of the recession, but I’m not taking out my party hat yet. -
Let Them Eat Cake
What IS poverty, anyway? Well that’s a stupid question, isn’t it? Everybody knows what poverty is—if you’re at or below poverty, you have a tough time making ends meet. It’s a government-defined threshold of income; if you’re below the poverty level, you can’t really meet all your basic needs. -
Quarterly Economic Pulse
One of the things we’ve been working on for the last few months is a partnership with Wilder Research/Twin Cities Compass to put together a quarterly publication focusing on current economic conditions, particularly as they affect the nonprofit sector. Our first issue of the Economic Pulse is complete, and you can find it here. I’d love your feedback: What works, what doesn’t, and what would make it more useful? -
Great Expectations
I was reading an article in Ode the other day, about economics and altruism.
Greater Twin Cities United Way unites caring people to build pathways out of poverty, creating opportunity for all.