The Great Recession was followed by the slowest economic recovery since World War II. Add a steep downturn in the price of crude oil to that slow pace and you have a formula for state-level recessions, especially in energy-dependent states.
Wage growth for workers in the United States has accelerated gradually in the past two years, and a few industries are responsible for the surge.
Omaha was one of the candidates for a Federal Reserve Bank location after President Woodrow Wilson signed the Federal Reserve Act into law in 1913. Two cities, however, stood in its way: Lincoln and Kansas City.
For three-quarters of a century the Kansas City Fed’s Omaha Branch focused on operations that supported commercial banks, but now the focus has shifted from operations to outreach.
After dropping sharply in 2015 and 2016, drilling rig counts and employment in the energy sector have started to recover.
Summer 2017 Issue
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