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Gov't can provide quality service while saving taxpayers money.


A plan for balancing the Kansas state budget

Kansas Policy Institute President Dave Trabert presents KPI's plan to balance the state's budget without service reductions or tax increases. Trabert spoke a...
Thu, 18 Dec 2014 17:34:52 +0000
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Another reason to watch Seinfeld reruns. Economics lessons taken directly from the "show about nothing." http://yadayadayadaecon.com/clip/67/


The Soup Nazi (The Economics of Seinfeld)
yadayadayadaecon.com
The Soup Nazi makes delicious soup—so good there's always a line outside his shop. He refuses service to Elaine, and by a stroke of luck she comes across his stash of soup recipes. She visits his shop and informs him that his soup monopoly is broken, while waving his recipes in his face. Also in thi…
Wed, 03 Dec 2014 16:15:10 +0000
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Happy Thanksgiving and a hearty huzzah for property rights. https://www.youtube.com/watch?v=66QdQErc8JQ


The Pilgrims and Property Rights: How our ancestors got fat & happy

The Pilgrims founded their colony at Plymouth Plantation in December 1620 and promptly started dying off in droves. As the colony's early governor, William B...
Tue, 25 Nov 2014 16:14:47 +0000
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BLS Revises 2011 Jobs Report
Posted by Dave Trabert on Friday, March 16, 2012

The Bureau of Labor Statistics annually revises prior year job numbers and the new 2011 numbers show that Kansas and many states actually had slightly more job growth than originally reported.

Each January BLS performs a final revision on all monthly jobs reports or as the BLS puts it:

This year the Bureau of Labor Statistics (BLS) used special model adjustments to control for survey interval variations for all seasonally adjusted data. These special adjustments are designed to correct for variations in the number of weeks between reference periods in any given pair of months. This resulted in revisions to many seasonally adjusted series affecting data from 1990 forward.  Full details available here.

The numbers changed for each month and resulted in an increase of 15,600 private sector jobs on an average annual basis.  As a result, Kansas now officially recorded a 1.65% increase over 2010; previous reports showed an increase of 0.4%.  The revised numbers also show that Kansas has finally pulled ahead of 1998 employment levels.  Previous reports showed Kansas had 1.1% fewer private sector workers in 2011 than in 1998; the revised report now shows an increase of 0.4%.

Data for all states was revised but Kansas’ upward revisions also improved its competitive position.  Kansas’ previous 2011 growth rate of 0.4% had the state ranked #49, or the second worst in the nation.  The revised 2011 growth rate of 1.65% places Kansas at #23.  Among regional states, Texas, Oklahoma and Colorado had stronger job growth; Missouri and Nebraska had gains but grew at a slightly smaller rate than did Kansas.

The improved numbers are encouraging but Kansas’ private sector employment remains 52,000 jobs (4.65%) below its 2008 peak.   


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