Earlier this month, the Mercatus Center at George Mason University released the 3rd edition of the Freedom in the 50 States rankings, which measures fiscal, regulatory, and personal "freedom." The study shares some similarities with the previously discussed Economic Freedom Index, both in how it defines freedom, and its relationship with real world economic measures. Freedom…
Income and Work
While there has been lots of shouting about the state losing coal jobs, as a whole, the state's natural resource extraction employment picture looks very healthy. All together, employment in the natural gas and coal industry reached almost 37,000 in the third quarter of 2012 - its highest point over the last ten years. While…
While the governor's prison reform bill (SB 371) is being debated in the House, they might want to think about removing barriers that make it very difficult for ex-felons gain employment. If one of our goals is help reduce recidivism and help ex-felons enter the workforce, the state will need to end counter-productive practices that…
On Tuesday the Senate passed SB 187 that would require the Commerce Department to create a jobs impact statement or study on proposed legislation that could impact the state's economy. The price tag from the commerce department is $262,000 per year, enough to add two additional staff to its Research Unit to prepare these statements.…
Each month, we put out our Jobs Count publication, which reports on the state's jobs numbers, using data from the Bureau of Labor Statistics Current Employment Statistics (CES). Each month, the BLS revises the previous month's numbers, but the revisions are typically small, and usually don't change the overall picture. However, at the beginning of each…
A new report from the Economic Policy Institute looks the economic impact of Fair Minimum Wage Act of 2013, which was introduced in Congress in response to President Obama's call to raise the minimum wage made during this year's State of the Union address. The Fair Minimum Wage Act of 2013 would raise the minimum…
As many people may know, West Virginia ranks very high in home ownership among the 50 states. In fact, according to the latest Assets & Opportunities Scorecard released by the Corporation for Economic Development, West Virginia had the 3rd highest rate of home ownership in the nation in 2011 at 72.3 percent. While home ownership…
West Virginia Ends 2012 on a Positive Note Total nonfarm employment grew by 900 jobs in December, ending 10 straight months of job loss for the state. West Virginia had a total of 746,900 jobs in December, still 13,400 jobs below its prerecession level (Figure 1). West Virginia’s unemployment rate rose to 7.5 percent, up…
In an awkward criticism, gossip columnist Phil Kabler at the Charleston Gazette has taken exception to our monthly Jobs Count report, which is a straight forward report on the employment and unemployment numbers in the state, with the data coming directly from the Bureau of Labor Statistics. Phil's point of contention with last month's Jobs Count…
November Another Setback for Jobs in West Virginia November marked West Virginia’s tenth month in a row of job losses. Total nonfarm employment fell by 900 jobs taking it to 13,900 jobs below the state’s prerecession level and it lowest level since early 2010 (Figure 1). The state’s unemployment rate fell slightly to 7.3 percent…