[FRIAM] Economic Health?

[Prof David West]

Nevada casinos have set record profits every month for the past year.
Clark county home prices have set new records every month for past year.
gas prices are second highest in US (we just passed Hawaii and are second only to California)
rents have increased about 5-10% per month since last summer.

Is this a healthy economy? For whom?

davew


On Tue, Jun 7, 2022, at 9:00 AM, Steve Smith wrote:
> On 6/7/22 12:22 AM, glen wrote:
>>
>> https://wallethub.com/edu/states-with-the-best-economies/21697
>>
>> Top 5 in "Economic Health" are red states. But my guess is all we'll 
>> hear about from those states for this election is how bad the economy 
>> is. Economic Health is defined as:
>>
>>> Unemployment Rate: Double Weight (~4.30 Points)
>>> Underemployment Rate: Half Weight (~1.08 Points)
>>> Change in Nonfarm Payrolls (2021 vs. 2020): Full Weight (~2.15 Points)
>>> Change in Total Civilian Labor Force (2021 vs. 2020): Full Weight 
>>> (~2.15 Points)
>>> Increase in Ratio of Full-Time Jobs to Part-Time Jobs (2020 vs. 
>>> 2019): Half Weight (~1.08 Points)
>>> Median Annual Household Income Adjusted for Cost of Living: Full 
>>> Weight (~2.15 Points)
>>> Growth in State Personal Income (2021 vs. 2020): Full Weight (~2.15 
>>> Points)
>>> Government Surplus/Deficit per Capita: Full Weight (~2.15 Points)
>>> Unfunded Public Pension Plans per Capita: Full Weight (~2.15 Points)
>>> Share of Uninsured Population: Half Weight (~1.08 Points)
>>> Share of Population in Poverty: Full Weight (~2.15 Points)
>>> Foreclosure Rate: Full Weight (~2.15 Points)
>>> Growth in Number of Businesses (2020 vs. 2019): Full Weight (~2.15 
>>> Points)
>>> Fiscal Health: Full Weight (~2.15 Points)
>>> Building-Permit Activity: Full Weight (~2.15 Points)
>>> Average Educational Attainment of Recent Immigrants: Half Weight 
>>> (~1.08 Points)
>>> Average Educational Attainment of Recent Migrants from Other U.S. 
>>> States: Half Weight (~1.08 Points)
>
> I'm thinking this projects down somewhat to "service" vs "natural 
> resource" economy.   Timber and Oil and ??? have been booming during and 
> after Covid and amidst WWIII while tourist/service economies must still 
> be suffering the shutdowns?
>
>
>
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