economy

Morning News Round-Up
9:19 am
Tue November 1, 2011

Morning headlines: Tuesday, November 1, 2011

(via Flickr/KOMUnews/Mike Anderson)

County confirms salad bars at Schnucks focus of E. coli investigation

St. Louis County officials have acknowledged that salad bars at Schnucks are the main focus of an investigation into an E. coli outbreak.

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U.S. Census Bureau / Economics
2:09 pm
Tue September 13, 2011

New Census Bureau report: 15 percent of Missourians are poor

(via Flickr/LarimdaME)

Updated 2:46 p.m. with additional contextual information

A newly released report shows that nearly 15 percent of people in Missouri are poor.

The Census Bureau's annual report released Tuesday offers a snapshot of the economic well-being of U.S. households for 2010, when joblessness hovered above 9 percent for a second year.

Nationally, nearly 1 in 6 people were classified as poor.

Meanwhile, the share of Americans without health coverage rose from 16.1 percent to 16.3 percent - or 49.9 million people - after the Census Bureau made revisions to numbers of the uninsured. That is due mostly to continued losses of employer-provided health insurance in the weakened economy.

In Missouri, 14 percent of residents lacked insurance.

But how does today's data compare with the numbers in years prior?

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gas prices
6:18 am
Tue August 9, 2011

Nation's lowered credit rating causes drop in gas prices in St. Louis

Gas prices were below $3.20 per gallon at some stations in the St. Louis area on Monday. Experts attribute the drop to Standard & Poor's lowered credit rating for the nation.
(via Flickr/bradleypjohnson)

For St. Louisans, there is one nugget of good news amidst the plunging Dow and struggling economy: gas prices are falling steeply in the St. Louis area.

Experts say the price of a barrel of oil dropped after Standard & Poor's lowered the nation's credit rating by one notch last week.

The price of gas fell below $3.20 per gallon at many stations in the St. Louis area on Monday. Just a little over a week ago, drivers shelled out more than $3.60 for a gallon of regular unleaded at some stores.

 

 

President Obama / Economy
11:51 am
Mon August 8, 2011

NPR Special Coverage: President Obama speaks on the economy

President Barack Obama.
(Official White House Photo by Pete Souza)

Thank you for joining us for the live broadcast of the President's remarks.

President Obama addressed the nation this afternoon regarding the current economic situation. You can review a live-blog of the President's speech via NPR's "The Two-Way."

Lambert-St. Louis International Airport
4:53 pm
Thu July 21, 2011

Lambert Airport sees increase in passengers

Lambert-St. Louis International Airport has experienced a 1.2 percent growth in passenger traffic over the past six months.
(via Flickr/dbking)

Lambert -St. Louis International Airport is seeing an increase in passengers for the third straight month.

In June, the airport experienced a 4.4 percent increase in the number of departing passengers, which matches the numbers from a year ago.

Airport spokesman Jeff Lea says the airport is recovering from tough economic times in 2009 and 2010.

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Midwest Economy
10:59 am
Fri July 1, 2011

Survey suggests Midwest economic growth slowing

(via Flickr/Seabamirum)

A survey of nine Midwestern and Plains suggests that higher energy prices and supply problems are slowing economic growth.

A report released Friday says the Business Conditions Index for the Mid-America region dropped in June, to 54.9 from 60.2 in May.

Creighton University economist Ernie Goss says higher energy prices and supply problems stemming from the Japanese tsunami and Midwest and Plains flooding have slowed economic growth.

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Tourism - China
4:32 pm
Thu June 2, 2011

Missouri Botanical Garden to host Chinese lantern festival

Lantern sets representative of those that will be in the exhibition at the Missouri Botanical Garden next year. You can see artist renderings of the actual lanterns to be featured in the exhibition in the slideshow in the story below.
(via Karen Hill/Missouri Botanical Garden)

The Missouri Botanical Garden will host a Chinese lantern festival next year.

The exhibition—the first of its kind in the United States—will feature 26 large, brightly-colored lantern displays from China's Zigong province.

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Housing permits
5:04 pm
Mon February 21, 2011

Building permits match record low in Jan. 2011

(via Flickr/ Giles Douglas)

More not-so-great economic news for the St. Louis region today.

The Home Builders Association of St. Louis and Eastern Missouri released its data on the number of permits issued by the six counties (St. Louis, St. Charles, Lincoln, Warren and Franklin) and the city of St. Louis. They show that builders were looking to start construction on just 120 new single-family homes in January 2011. That's down more than 40 percent from January 2010, and is the lowest monthly total since November of 2008.

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Inflation rates
3:01 pm
Thu February 17, 2011

Area CPI more than double the national level

Costs of goods and services in St. Louis rose 2.5 percent between the last six months of 2009 and the last six months of 2010 - more than double the national rate. (via Flickr / _J_D_R_)
_J_D_R_ Flickr

The costs of goods and services in the St. Louis region rose 2.5 percent between the last six months of 2009 and the last six months of 2010 - more than double the national rate over that same time.

Though the Bureau of Labor Statistics data show electricity prices going up 13.1 percent and motor fuel going up 10.1 percent, bureau economist Jacqueline Michael Midkiff says they weren't the real drivers of the increase.

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Midwest Economy
10:30 am
Mon January 3, 2011

Continued Midwestern economic growth suggested by survey

A survey released by Creighton University shows continued economic growth for the near future, though no real expectation for increased employment. (via Flickr/ Rob Lee)
Flickr/Rob Lee

A survey says that economic growth in the Midwest will continue into the first half of the new year, but what does that really mean?

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