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Posts tagged “job creation”

By Andrew Holland on Mar 13, 2012 with no responses

Jobs Boom in Oil Production Helping to Offset Harm from Gas Price Spike

On Friday, the U.S. Bureau of Labor Statistics (BLS) released the February jobs report, showing an increase in employment by 227,000 – the third month in a row of job growth higher than 200,000. This report, coupled with strong numbers from the stock market and other leading indicators show that we may finally be entering a point of sustained economic recovery from the 2008 financial crisis. However, some people are speculating that the run-up in gasoline prices will push the recovery off track (see: LA Times, USA Today, Businessweek).

I think this run-up in gas prices is different than previous ones, because our economy is more balanced between oil producers, who benefit from high prices, and consumers, who are harmed. On balance, I agree with Professor Hamilton’s view over at Econbrowser: high gas prices won’t derail the U.S. economy.


By Lloyd McGraw on Mar 16, 2010 with 4 responses

Governors Join Hands Urging Washington to Push Wind

Bipartisan coalition of Governors issues proposal to Washington to mandate minimum requirements supporting wind energy.