Skip to content

Assorted Links Friday

Happy Friday from all of us at the Econ Dev Show. And from us, I mean me.

Dane Carlson
Dane Carlson
2 min read
Assorted Links Friday
Photo by Luis Diego Aguilar / Unsplash

Why more Americans than ever are starting their own businesses: Workers are quitting their jobs to become their own bosses.


Barry Ritholtz:

According to data from the Bureau of Labor Statistics, quits totaled 4.5 million in November, a record high, and have been trending upward since April 2020.
Below is a table of quits by state. What this gives you is a snapshot of regions that are seeing a rising tide of entrepreneurship and new business development.
California leads the nation with 3.7 million quits — we can imagine how many of these are new tech startups. Same with Texas, where many tech firms have been people relocating for more space and lower taxes, especially software, PC and semiconductor businesses. Georgia, North Carolina, and Florida have all sorts of new business development.
Places like New York and Chicago, with their heavy corporate concentration, are now seeing lots of furloughed/laid-off workers launching their own businesses.
State Quit Rate Total Quits
California 2.3% 3,738,000
Texas 2.9% 3,694,000
Florida 2.9% 2,473,000
Georgia 3.5% 1,598,000
Illinois 2.7% 1,581,000
New York 1.8% 1,581,000
North Carolina 3.2% 1,418,000
Ohio 2.6% 1,407,000
Michigan 3.0% 1,250,000
Pennsylvania 2.1% 1,187,000
Virginia 2.6% 1,032,000
New Jersey 2.4% 931,000
Indiana 3.0% 928,000
Tennessee 3.0% 915,000
Arizona 3.0% 883,000
Missouri 2.9% 823,000
Colorado 3.0% 817,000
Washington 2.3% 775,000
Wisconsin 2.7% 759,000
Massachusetts 2.2% 754,000
South Carolina 3.1% 667,000
Kentucky 3.4% 636,000
Alabama 2.9% 585,000
Louisiana 3.1% 569,000
Oregon 2.9% 544,000
Nevada 3.8% 500,000
Oklahoma 3.0% 489,000
Utah 2.7% 436,000
Iowa 2.6% 396,000
Arkansas 3.0% 380,000
Mississippi 3.2% 366,000
Kansas 2.5% 346,000
Connecticut 2.0% 325,000
Nebraska 2.7% 274,000
Idaho 3.1% 244,000
New Mexico 2.7% 219,000
West Virginia 3.1% 215,000
Hawaii 3.4% 191,000
New Hampshire 2.5% 166,000
Maine 2.5% 153,000
Montana 3.1% 151,000
District Of Columbia 1.9% 140,000
Delaware 3.0% 134,000
North Dakota 3.0% 123,000
Rhode Island 2.5% 116,000
Alaska 3.8% 115,000
South Dakota 2.6% 113,000
Wyoming 3.2% 86,000
Vermont 2.4% 71,000

Biden’s offshore wind plan is also a jobs plan: Europe has already invested in offshore wind power. Now the US is getting onboard.


It's all relative: Research from the BIS suggests that much of the recent increase in inflation is really a result of changing relative prices rather than a generalised rise. That has important implications for policy.


The US economy grew 5.7 percent in 2021: Fastest full-year clip since 1984, despite ongoing pandemic.


The hot new thing in dating? Actually going on dates.


Malls adding apartments to offset dwindling numbers of shoppers:

Retail centers across the nation are being revamped with a mix of residential, office and hotels as older suburban malls struggle against a rising tide of online shopping and try to compete with popular Class A centers and discount outlets, market experts said. The conversion of mall space into apartments simultaneously solves two problems, reviving dying malls while addressing a housing shortage.

19 easy (but effective) digital marketing tips.

Assorted

Dane Carlson Twitter

Founder/Host of Econ Dev Show. By day: Director of Economic Development for Galveston County, Texas.