Economy & Innovation

The Two-Way
8:51 am
Mon September 19, 2011

Five things to know about Obama's deficit plan

President Obama last week.
Jim Watson AFP/Getty Images

Originally published on Mon September 19, 2011 6:35 am

President Obama this morning outlines a deficit-reduction plan that his economists say would reduce anticipated federal budget deficits by about $4 trillion over the next decade.

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Illinois Unemployment Data
12:33 pm
Thu September 15, 2011

Ill. unemployment up sharply to 9.9 percent

(via Flickr/KellyB.)

Illinois' unemployment rate shot up almost half a percentage point in August to 9.9 percent. And state officials are blaming the continuing struggles of the national economy and weak consumer confidence.

The Illinois Department of Employment Security said Thursday that Illinois' unemployment rate surged from 9.5 percent in July.

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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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The Road Back To Work
9:08 am
Tue September 6, 2011

Bumps On The Road Back To Work

Casaundra Bronner returned to work in July and says being able to walk her daughters to the bus in the morning is one of the benefits of her new job at a small company.
Tamara Keith NPR

Originally published on Mon September 5, 2011 3:09 pm

Part of an ongoing series.

Like some 14 million Americans, the people in our series The Road Back to Work started the year unemployed and searching for a job.

Back in January, we gave six people, all living in St. Louis, Mo., digital recorders and asked them to document their experience as they went through the process of looking for a job.

Working, Still Struggling

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Trade Law / Claire McCaskill
4:58 pm
Mon August 29, 2011

McCaskill to introduce trade law enforcement legislation

Sen. Claire McCaskill, D-Mo.
(UPI/Bill Greenblatt)

Senator Claire McCaskill says after a month of traveling to Missouri businesses she’ll introduce legislation to better enforce U.S. trade laws.

The Democrat says too many foreign companies are engaging in unfair trading practices, such as mislabeling products to avoid paying duties.

McCaskill says her bill will require all importers to have a physical address to ensure easier tracking and new shippers will be required to pay cash for duties instead of posting bonds that sometimes go unpaid.

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St. Louis Public Radio on Marketplace Money
11:57 am
Mon August 29, 2011

Cleaning up your credit score

(via Flickr/Andres Rueda)

Credit score got you down? You can boost your score by hiring a credit clean-up service.

In case you missed it, check out this story from our own Adam Allington for Marketplace Money on how a couple hundred dollars investment can result in big savings in mortgages and other loans.

Employment rate of Young People
3:30 pm
Fri August 26, 2011

The employment rate of the young is at an all-time low, but why?

(via Flickr/srqpix)

This summer, fewer young people in the U.S. are employed than at any time since the government began keeping track.

On Wednesday the Bureau of Labor Statistics released a report that found just 48.8 percent of 16-to-24-year-olds had jobs in July.

St. Louis Public Radio’s Maria Altman spoke with Michael Saltsman, a research fellow at the Employment Policies Institute, about what the numbers mean.

Business
5:26 pm
Thu August 25, 2011

Ameren Illinois rate hike proposal comes under fire

(via Flickr/[F]oxymoron)

 Opponents of Ameren Illinois’ $90 million rate increase request are gearing up for a hard fight.

The Citizens Utility Board (CUB) and the AARP held a series of press conferences today to explain why they want state regulators to reject the proposal. Ameren Illinois is asking for an exorbitant “return on equity,” which is the allowed profit rate for shareholders, according to CUB senior policy analyst Bryan McDaniel.

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North St. Louis - riverfront development
5:00 am
Mon August 22, 2011

Public meeting to discuss north St. Louis riverfront development

Map of the North Riverfront Business Corridor. Exhibit 1, locater map, from the St. Louis Development Corporation's (SLDC) “Request for Qualifications (RFQ) for Consultants for the Port/North Riverfront Land-Use Study."
(SLDC RFQ, July 9, 2010)

The St. Louis Development Corporation is holding a public meeting on Tuesday afternoon to discuss plans to develop the north St. Louis riverfront.

The engineering firm HNTB has been studying the 3,000-acre area for the city, to figure out what’s needed to turn it into a freight transportation hub. The city also wants to attract new businesses and jobs.

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Illinois Unemployment Data
2:11 pm
Thu August 18, 2011

Illinois unemployment up for 3rd straight month

(via Flickr/KellyB.)

State officials say unemployment in Illinois inched up to 9.5 percent in July, the third consecutive month it has increased.

The Illinois Department of Employment Security says there were 24,900 fewer jobs reported last month.

Unemployment for Illinois was 9.1 percent in June. But the rate one year ago in July was 10.1 percent.

The numbers were released Thursday and are based on data from the state agency and the U.S. Bureau of Labor Statistics.

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