Economy Update

November 15, 2012

Income gaps widened in Pennsylvania between the late 1990s and the mid-2000s with earnings for low-income families dropping as the income of the wealthiest continued to increase, according to a new study by the Center on Budget and Policy Priorities and the Economic Policy Institute.

September 20, 2012

New Census data show that poverty rates remained high in Pennsylvania last year. The state's uninsured rate showed little change from 2010 to 2011, although Pennsylvania continues to have a lower uninsured rate than the nation as a whole.

September 14, 2012

New Census data offer a mix of good and bad news. The share of Americans without health insurance declined, but the middle class continues to struggle in the wake of the recession and the acceleration of income inequality.

January 17, 2012

Interest payments and cancellation fees associated with interest rate swaps and swaptions have cost the City and School District of Philadelphia hundreds of millions of dollars.

January 17, 2012

Large financial institutions, including many that received financial bailouts through the Troubled Asset Relief Program (TARP), will continue to make hundreds of millions of dollars off interest rate swaps negotiated with the City and School District of Philadelphia, according to a new report from the Pennsylvania Budget and Policy Center (PBPC).

March 3, 2011

Coming out of the recession, Pennsylvania must take a forward-looking approach to the state budget that focuses on creating jobs and ensuring our long-term economic success, according to a report released today.

October 5, 2010

Poverty rates remained essentially unchanged in Pennsylvania from 2008 to 2009, but some parts of the state saw a jump, according to the Census Bureau's American Community Survey. The new report also offers a snapshot of health insurance rates in communities across the state.

September 17, 2010

Pennsylvania experienced a small increase in poverty and a large decline in health insurance coverage. This report is the first to include a full year of data during the Great Recession.

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