U.S. households owe a bit less than they did at the peak of the bubble. But they still owe a lot: $11.4 trillion, give or take a few billion. Mortgage and home-equity debt is still by far the biggest chunk of that debt. Total U.S.
Within approximately the last twenty years, Missouri ranks among the worst states in which the gap between rich and middle-income households has widened. That’s according to a new report by the Center on Budget and Policy Priorities and the Economic Policy Institute.
As we approach the Thanksgiving holiday, we also take note of the report’s finding in which the gap between the very richest and the poor is even larger with the top 5 percent of Missouri households having an average income 11.7 times that of the bottom fifth.
Missouri's minimum wage will rise by a dime to $7.35 an hour in 2013.
For the past several years, Missouri has followed the federal minimum wage of $7.25 an hour. That's because the federal rate was equal to or greater than the state's minimum, which is adjusted annually based on the cost of living.
But inflation has now pushed Missouri's minimum wage above the federal standard. The new wage is posted on the website of the state labor department.
Missouri Gov. Jay Nixon and the barge industry are imploring the federal government to keep water flowing on the Missouri and Mississippi rivers or face potential "economic disaster."
The drought has left many waterways at historic lows. Nixon sent a letter Friday urging the Army Corps of Engineers to rethink plans to reduce the amount of water released from the Missouri's upstream reservoir. That would also reduce flow on the Mississippi below St. Louis.
As of September, 11.7 million people were unemployed. But that doesn't include people who were working part time because they can't find a full-time job. It also doesn't include people who wanted a job but haven't looked for work in the past four weeks.
Illinois' unemployment rate dipped to 8.8 percent in September.
That's down from a rate of 9.1 percent in August. And the Illinois Department of Employment Security says the seasonally adjusted figures reported Thursday show Illinois' unemployment rate has fallen 10 times in the past 13 months.
IDES says Illinois added 13,800 jobs in September, and Director Jay Rowell calls the news "encouraging because it reinforces the trend of continued job growth."
For any community to grow and prosper, it’s important to open the door to new business and business expansion, to retain the talent we have, and make it a place in which people are proud and happy to live and visit. A key component to all of this is marketing and then delivering. Join host Don Marsh as we talk about branding St. Louis.
There is good and bad news when it comes to the latest government figures on poverty in America. The good news is that the poverty rate has more or less stabilized for the first time in three years, while the bad news is that the number of people living in poverty in the St. Louis area is well above the national average. Join host Don Marsh for a discussion about poverty and its ripple effects in the region.