24 Things Economic Developers Need to Know This Week
The stories Dane thinks you need to see. January 25, 2024.
Welcome to this week's issue of What Economic Developers Need to Know This Week, where we explore the evolving dynamics of our economy.
This week we have 24 tools, stories, graphics, charts, and videos that I think you'll find informative, useful, inspiring, and perhaps even humorous. Some are economic development related directly, and some only indirectly. 🤔
If you're wondering what to do with the info in this newsletter, send something to your board members. It will make you look good!
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1) The U.S. economy delivered gangbuster economic growth in the second half of 2023: The economy expanded at a 3.3% annualized rate in the fourth quarter, well above the 2% forecasters expected. That followed the previous quarter's blockbuster 4.9% growth.
2) Half of recent US inflation due to high corporate profits: Profits accounted for about 53% of inflation during last year’s second and third quarters.
3) Was your metro area impacted by the changes to the 2023 Core Based Statistical Area Definitions? The areas in color were:
