Recent posts for Economic Matters

New inflation measure for producer prices effective with the release of January 2014 data
The Producer Price Index for final demand increased 0.2 percent in January, seasonally adjusted, the U.S. Bureau of Labor Statistics reported this month. This advance followed a 0.1-percent rise in December and no change in November. On an unadjusted...
Posted: 2/24/2014 10:41 PM
Cincinnati private-sector job gains offset government-sector job losses in 2013
According to data released by the U.S. Bureau of Labor Statistics, in 2013 Cincinnati had job gains of 8,200, an increase of 0.8%. Private sector employment grew by 1.2% in 2013 adding nearly 10,600 jobs offsetting the nearly 2,500 jobs lost in the government...
Posted: 1/28/2014 4:21 PM
While Americans continue to move south and west, Ohio remains the 7th most populous state
Figures released this week by the U.S. Census Bureau show that U.S. population growth for the 12 months ending July 1, 2013 was 0.72%, adding 2.3 million people. Nearly 4 million births were offset by 2.5 million deaths for a natural increase of 1.4 million....
Posted: 1/24/2014 3:23 PM
U.S. and Canada trade in goods has increased threefold since 1990
The Department of Commerce has released a new infographic, “International Trade Between U.S. and Canada,” which highlights the world’s largest and most comprehensive trading relationship. The top U.S. exports to Canada include transportation equipment,...
Posted: 1/17/2014 3:10 PM
Minimum wage up in 13 states
As the Obama administration pushes for an increase to the federal minimum wage, 13 states have already done so effective 2014. Twenty states currently have minimum wages that are higher than the $7.25 federal minimum. Washington has the highest minimum...
Posted: 1/13/2014 2:59 PM
Cincinnati job growth outpacing last year
During the 12-months ending November 2013, the Cincinnati MSA labor market added, on average, 900 jobs per month up from 500 jobs per month for the 12-month period ending November 2012. Over the past year, jobs have been increasing, on average, 0.8% per...
Posted: 1/10/2014 3:42 PM
Ohio ranks 7th and Kentucky ranks 26th in voting age population
This month the U.S. Census Bureau released 2013 estimates of the voter-age population 18 years and over for each state and the District of Columbia. U.S. resident population totaled 316 million with 76.7 percent of the population 18 years of age and over....
Posted: 1/7/2014 8:06 PM
Cincinnati Labor Force Status, 2012: Is this the new normal?
In a recent op-ed piece in the New York Times, columnist Paul Krugman asked the question: “What if the world we’ve been living in for the past five years is the new normal? What if depression-like conditions are on track to persist, not for another year...
Posted: 1/2/2014 10:13 AM
At-home food sales account for just over half of total food expenditures
According to the latest U.S. Department of Agriculture, Economic Research Service data, “since 2006, at-home food sales have accounted for just over half (51 percent) of total food expenditures, with the away-from-home market accounting for 49 percent....
Posted: 12/20/2013 1:17 PM
Are we creating enough “good jobs”?
I am frequently asked to name the key economic indicators I track and why. My response is always the same, at the end of the day it is all about jobs. One of the key findings of the Gallup World Poll is that the whole world wants a good job. Jim Clifton,...
Posted: 12/5/2013 11:00 PM
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Janet Harrah is the senior director, Center for Economic Analysis and Development at Northern Kentucky University.

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