Rise to the moment of truth Sunday, December 4, 2022

Tag: ECONOMY

Unemployment Help Wanted Workers employment jobs
Despite record low unemployment, Alabama ranks among worst states for labor participation, new Fed data says

According to new statistics from the Federal Reserve Economic Data (FRED) for July 2022, Alabama had the sixth lowest labor participation rate in the country, despite recently announcing record unemployment.

Alabama Statehouse 2
Legislative Fiscal Office: State budgets in 'great shape,' ready to 'weather a storm'

“Alabama budgets are in a great shape. We are in a better position to weather a storm than we were ten years ago," said Kirk Fulford with the Fiscal Office of the Legislative Services Agency.

US House of Rep Aderholt Robert Facebook
Aderholt says that Biden turned a recovery into a recession

“Joe Biden Inherited a Recovery and Created a Recession, When Joe Biden took office in January of 2021, he inherited a booming COVID recovery from the Trump Administration.  His economic prescriptions have now had a year to be absorbed by the economy and it's clearly bad medicine.  All of his policies on issues from energy, to dealing with supply chain issues, to inflation, have led to this economic mess.," said Rep. Aderholt.

Brookwood Village by Will Blakely
Future of Alabama mall still in question after exit of all retailers

What was once a thriving Birmingham-area indoor mall, Brookwood Village, is now closed to the public. However, the mall has been purchased by two developers.

President Joe Biden. Photo: Evan Vucci, AP
Biden's low approval numbers on economy may impact midterm elections

Biden Administration officials want to redefine recession ahead of GDP report. The President's low economic approval numbers could impact the midterm elections.

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Tuberville blames economic policies for Biden’s poor polling

“Families are struggling to afford Biden's economy, doing everything from eating less meat to canceling vacations," Tuberville said,

Money cash by Elise Amendola AP Photo
Subprime loan defaults on the rise

Subprime loan defaults are, once again, on the rise as concerns over the U.S economy continue to grow. 

Stocks fall by Maxim Hopman
Stocks fall – Alabama Republicans criticize Biden’s handling of the economy

Monday was a bad day for stock investors, the first of several bad days over the past several months. Alabama Republicans react.

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STUDY: Auburn University has $5.63 billion impact on state of Alabama

By Brandon Moseley A new study shows that Auburn University and its alumni have made a $5.63 billion economic impact on the state of...

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Brooks and Palmer: Alarmed about economy

By Brandon Moseley On Friday the U.S. government released the September jobs report showing that employment increased, but at a much...