economy | Texas Public Radio

economy

Murals near the Inner City Development Center in the 78207 zip code on San Antonio's West Side. It's one of four zip codes highlighted for illustrating the city's economic inequality.
Camille Phillips | Texas Public Radio

Many black and Latino families continue to have less access to wealth and opportunity in San Antonio, especially when they live in racially and economically segregated parts of the city.

That’s according to a new report produced by research and advocacy group Texas Appleseed.

Brian Kirkpatrick / Texas Public Radio

Bexar County commissioners were warned Tuesday to tighten their belts to prepare for a possible recession as part of the county's five-year budget forecast.

Updated at 4:03 p.m. ET

Despite enormous pressure from President Trump, the U.S. Federal Reserve announced Wednesday it is increasing interest rates by a quarter point.

The Fed said in a statement it is raising the key borrowing rate to a range of 2.25 percent to 2.50 percent — the highest level in a decade, when the economy was in the early stages of the financial crisis and the beginning of the Great Recession. The Dow ended the day down 352 points, or 1.5 percent, after the Fed announcement. The index was up nearly 300 points earlier.

Despite a wave of controversies, President Trump's popularity seems to be rising ever so slightly, according to a couple of recent polls. The bump may be linked to the fact that more Americans seem to be crediting Trump for the nation's healthy economy.

Courtesy Vanessa Velazquez

Local nonprofit SA2020 recently released its 2017 impact report, tracking the city's progress in various cause areas to improve conditions within San Antonio communities. 


" 2016 DOD Hiring Heroes Career Fair, Mar. 9, 2016" goo.gl/J2VRgy
U.S. Army IMCOM via Flickr

For the second month in a row, the Texas unemployment rate reached a new low since 1976, the earliest year data is available online from the Bureau for Labor Statistics.

From Texas Standard:

The middle class is making gains, according to data from the U.S. Census Bureau. The latest numbers show the median household income for a family of four is now $59,030, the highest median income on record, topping the previous high set during the dot-com days of the late 1990s.

From Texas Standard:

For much of America’s history, the middle class has been a useful paradigm for understanding what is meant by "the American dream." But across the country, definitions of the middle class are changing, and income data recently released by the U.S. Census Bureau prompts questions about the differing experiences of who identifies as part of the middle class.

Jimmy Maas / KUT

Machines are changing the way humans interact with the world by automating the goods and services that make up daily life.

When the Labor Department announces the September job-creation numbers on Friday, presidential candidates will pounce, hoping to find data to support their talking points on the economy.

For the past three months, the numbers have been favoring the incumbent Democratic Party. Candidate Hillary Clinton could point to a steady, low unemployment rate of 4.9 percent and average growth of 232,000 jobs per month, a robust pace.

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