There seems to be tremendous speculation surrounding Janet Yellen's reminder to us all this week that the Fed intends to raise interest rates multiple times in 2017. But there really isn't much mystery as to why the Fed is suddenly more eager to normalize policy. It is all data driven, and the data suggest that [...]
Prior to the recent surge in oil and gas production, U.S. energy consumers were facing all-time high prices for petroleum-based products and natural gas. EIA forecasts continued to suggest that energy prices would likely climb even higher going forward. Instead, high prices provided a strong incentive to the domestic energy industry to find new oil [...]
The economic personalities of the Dallas and Houston metro areas are a bit Jekyll and Hyde at the moment. The Dallas-Ft. Worth metro area has added jobs at an increasing pace since the recession ended, reaching an astounding job growth rate of nearly 5% over the past 12 months. Dallas has largely ignored the collapse in the oil and [...]
We often refer to Colorado as one of the ‘Super States.’ That select group of high-performing states with strong job and wage growth, rapid in-migration of new residents, an educated workforce, abundant high-tech activity, and so on. You get the picture. But it is the old fashioned commodity markets, particularly crude oil and natural gas, that are once again acting as a ball and chain to slow down hiring in The Centennial State. The oil and gas industry hit the wall at the end of 2014, and it continues to take some of the starch out of job growth in the state. […]
Mark Snead was cited in a recent report on the child care sector in Mississippi prepared by the Hechinger Report and that appeared in the Clarion Ledger.