US productivity falls for first time in nearly 4 years

WASHINGTON — American workers were less efficient in the July-September quarter, pushing down productivity for the first time since late 2015. With economic growth slowing, in part because the stimulus from Trump administration tax cuts is fading, many economists worry that worker productivity will follow suit. Most economists also believe that the Trump administration’s trade […]

Social mobility focus of Today and Tomorrow Conference

GEORGETOWN — Rungs vary on the social mobility ladder. In the game of life in Sussex County, Delaware, individuals and families face obstacles trying to climb that ladder. “We’re trying to level the playing field so that people out of the gate, have the same opportunity. But the sheer reality, social mobility is by our […]

Fed cuts rates a third time this year but signals likely pause

WASHINGTON — The Federal Reserve cut its benchmark interest rate Wednesday for the third time this year to try to sustain the economic expansion in the face of global threats. But it hinted that it won’t likely cut again this year. The Fed’s move reduces the short-term rate it controls — which influences many consumer […]

Letter to the Editor: Delaware legislators must focus on economy

There seems to be a disconnect between the condition of Delaware’s economy and the focus of Delaware’s political leaders. In a recent article, the Quartz Daily Brief used U.S. Bureau of Economic Analysis data on output (Gross State Product) to examine the pattern of recessions among states since the end of the Great Recession (2007-08). […]

Survey: 74% of economists see US recession by end of 2021

WASHINGTON — A strong majority, 74%, of U.S. business economists appear sufficiently concerned about the risks of some of President Donald Trump’s economic policies that they expect a recession in the U.S. by the end of 2021. The economists surveyed by the National Association for Business Economics, in a report released Monday, mostly didn’t share […]

Developers pitch big ideas in Little Creek

LITTLE CREEK — Little Creek’s mayor and two developers claim the small town’s long-vacant commercial property is about to “wake up” in a big way. To a large extent, the interest in the town’s commercial property is a product of the new DNREC-built pier just officially opened on Tuesday, says Mayor Glenn Gauvry. “The town […]

Dagsboro hoping to land Downtown Development District designation

  DAGSBORO — The town of Dagsboro for a second time is applying to the state in hopes of landing designation as a Downtown Development District community. Earlier this year, Gov. John Carney announced the expansion of the Downtown Development Districts Program, which is geared toward urban revitalization. Several large areas in Dagsboro’s town limits […]

‘Choose Central Delaware’ campaign unveiled

DOVER — What’s to like about Central Delaware? Plenty. Thanks to continuing collaboration between private and public entities, the future looks promising too. In the conclusion of a 45-minute presentation at host Chesapeake Utilities Thursday morning, a glossy 42-page economic profile was unveiled to tout the benefits of bringing companies to the area and advantages […]

Officials say infrastructure spending a boon for state

DOVER — The $816 million bond bill passed over the summer allocates the largest sum of money to capital projects in 13 years, part of a deliberate approach taken by Gov. John Carney both to improve the state’s infrastructure and to avoid growing the state budget to an unsustainable level. It’s a strategy that has […]

Letter to the Editor: Upgrades needed before more development

I am writing in response to the front page article titled “Master planning process” Delaware State News, Jan. 7. It is said in the article that with all the recent interchange improvements around Little Haven and Frederica they are eyeing economic development. Eric Buckson, who is chairing the group, is a good guy who is […]