economy

Tri-state GOP governors give rosy outlook on economic recovery

BY: - July 12, 2021

Iowa Gov. Kim Reynolds joined the governors of South Dakota and Nebraska to discuss their states’ economic recovery from the COVID-19 pandemic. The three governors, all Republicans, touted their handling of the pandemic as a primary reason their economies have rebounded quickly. “We entered into the pandemic in a really strong position because of conservative […]

COMMENTARY

More opportunities for women and economic uncertainty contribute to declining U.S. fertility rates

BY: - July 10, 2021

The decline in population growth in the U.S. from 2010 to 2020 is part of a broader national trend linked to falling birth rates, but also immigration changes and other factors. In May of 2021 the scope of that change became clear, with a record low of 55.8 births per 1,000 women of childbearing age […]

Iowa economists: Workforce participation rate still low as U.S. adds 850,000 jobs

BY: - July 2, 2021

The U.S. economy added 850,000 jobs in June, the Department of Labor announced Friday, representing a more significant growth than many economists had anticipated. But two Iowa economists noted that the workforce participation rate nationally and in the state had stalled. Drake University Economics Professor Bill Boal on Friday pointed toward the national unemployment rate […]

Extra unemployment benefits will end in June, Reynolds orders

BY: - May 11, 2021

Unemployed Iowans will lose their extra $300 per week benefit and other federal pandemic unemployment assistance in June, Gov. Kim Reynolds announced Tuesday. “Federal pandemic-related unemployment benefit programs initially provided displaced Iowans with crucial assistance when the pandemic began,” Reynolds said in a press release. “But now that our businesses and schools have reopened, these […]

COMMENTARY

Biden wants corporations to pay for his $2 trillion infrastructure plans, echoing a history of calls for companies to chip in when times are tough

BY: - April 4, 2021

President Joe Biden just proposed a roughly $2 trillion infrastructure plan, which he ambitiously compared to the interstate highway system and the space race. He aims to pay for it solely by taxing companies more, including the first increase in the corporate tax rate since the 1960s. Biden said he wants to increase the rate […]

Pence focuses on economy in D.M. visit after bullish GDP report

BY: - October 29, 2020

Vice President Mike Pence arrived for a stump speech at the Des Moines airport Thursday hours after the government reported record one-quarter growth in the economy. The GDP, or gross domestic product, rose 33.1% in the third quarter, the largest increase on record, USA Today reported. That steep growth came after the government provided trillions […]

Young, Axne back trade, but have different views on economy

BY: - October 26, 2020

U.S. Rep. Cindy Axne and her rematch opponent, former Congressman David Young, both see the need for better trade, but they differ on basic ideas of how to improve the economy. Young, a Republican, said it’s critical that Congress delivers promised tax cuts and pushes economic recovery. “The tax that is currently in the law, […]

Iowa State Fair vendors worry about how they’ll survive in 2020

BY: - June 18, 2020

The cancellation of the Iowa State Fair is an emotional loss for many Iowans, but for businesses that rely on the summer traffic, the economic toll is devastating. During a Zoom roundtable discussion, U.S. Rep. Cindy Axne, D-Iowa, spoke with vendors who said they rely on the fair’s high foot traffic for most — if […]

Poll: Young Americans are more likely to feel financial pains of COVID-19

BY: - April 1, 2020

Young Americans say they are facing more dire economic consequences due to the COVID-19 pandemic than their middle-aged or older counterparts, according to a Grinnell College National Poll released on Wednesday. While all Americans are feeling a financial impact due to COVID-19, adults under 35 have been disproportionately hurt, according to the poll, which was […]

Architectural index remained strong in February

BY: - March 18, 2020

An architectural services index used to gauge economic strength was strong in February but is expected to wane in March. The report by the American Institute of Architects showed rising demand for architects’ work for the sixth month in a row. The Midwest index was 53.6, slightly higher than the national score of 53.4. Anything […]

The State Capitol of Iowa reflects the sunset

Iowa loses 900 nonfarm jobs; unemployment holds at 2.8%

BY: - March 16, 2020

Iowa businesses saw a net loss of 900 jobs in January, the third straight month of cuts in nonfarm employment. The state’s unemployment rate remained at 2.8%, up at tick from 2.7% the year before, according to Iowa Workforce Development. The national rate hit 3.6% in January, up slightly. The number of unemployed Iowans increased […]

Eight virus cases confirmed in Iowa as governor declares emergency and markets plummet

BY: - March 9, 2020

Iowa Gov. Kim Reynolds declared an emergency Monday as the state confirmed five new cases of coronavirus and Iowa’s financial firms were rocked by the worst one-day drop in the U.S. stock market since 2008. In signing the Proclamation of Disaster Emergency on Monday, Reynolds authorized state agencies to utilize their resources — including personnel, […]