Econintersect: The American Trucking Associations’ (ATA) trucking index increased 3.5% in November following an increase of 0.5% for October. From ATA Chief Economist Bob Costello:
by Andrew A. Pack - Bridges, Federal Reserve Bank of St. Louis
One trend that will continue to affect the future of economic and workforce development in the United States at a local, state and national level in the coming years is the status—continued decline or possible increase—of the labor force participation rate. This rate impacts the vitality of local and state economies and has many national implications as it continues to fluctuate. Many experts debate the future of this rate. As baby boomers retire, many expect the rate to continue to decline. But with the likelihood of better economic times and improved job prospects ahead, more people may re-enter the labor force.
from the Chicago Fed
Many countries are tightening passenger vehicle fuel economy standards. The literature on passenger vehicle standards has used structural models to estimate their welfare effects. There is now empirical evidence on the effects of recently tightened fuel economy standards on technology adoption. Specifically, changes in the rate and direction of technology adoption, that is, the extent to which technology is used to increase fuel economy at the expense of other vehicle attributes. It was found that recent U.S. and European standards have both increased the rate of technology adoption and affected the direction of technology adoption.
by Megan Cohen - Liberty Street Economics, Federal Reserve Bank of New York
From 1793 until 1861, when the U. S. Treasury Department was given exclusive rights to produce legal tender, thousands of different styles of bank notes were created by U.S. banks. The banks all based their currencies on standardized units, but in most every other way the notes differed wildly - colorful versus monochromatic, and graphics ranging from stock images to almost any concept one could imagine.