Economy Update

December 16, 2014

Summary and PowerPoint presentation from the Pennsylvania Budget and Policy Center's "The Road Ahead in PA: 2015 Economic & Budget Outlook" Luncheon in Harrisburg.

New Census data shows that poverty remains stubbornly high in Pennsylvania, and residents in many areas have not recovered income losses following the Great Recession.

March 7, 2014

National payrolls grew a bit faster than expectations in February, but the unemployment rate climbed to 6.7%. Meanwhile, in a separate state jobs report, Pennsylvania payrolls grew by a disappointing 500 jobs in January, while the unemployment rate declined four-tenths of one percentage point to 6.4%.

March 5, 2014

Job growth in the state has slowed steadily over each of the past three years with only about a quarter of the number of jobs created in 2013 as in 2010, the first full year of the economic recovery.

February 4, 2014

Between December 2012 and 2013, Pennsylvania ranked 48th out of 50 states in the percent change in total employment.

January 24, 2014

With Pennsylvania's December jobs report out today, we are able to draw a few conclusions about job growth in 2013 — and the news is mostly not good. Monthly job growth continued to decelerate across the commonwealth last year, and while the unemployment rate dropped by more than a percentage point from January to December, much of that is linked to a shrinking labor force rather than booming job growth.

December 20, 2013

How do we get our economy growing more robustly again? It's not through austerity — cutting government spending and investment when private consumption and investment are already lagging.

November 22, 2013

One of the many lingering side effects of the shutdown of the federal government in October was a delay in the release of Pennsylvania jobs data for September. Today the Bureau of Labor Statistics gives us our first look at the September jobs numbers along with preliminary numbers for October. The job numbers were all around disappointing.

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