Report: NEPA Economy Is Turning Around

Locator map of the Scranton-Wilkes-Barre Metropolitan Statistical Area in the northeastern part of the of . (Photo credit: Wikipedia)

The 2013 annual report by The Institute for Public Policy & Economic Development indicates Northeastern Pennsylvania is showing signs of an economic turnaround.

The eighth annual Indicators Report, to be released and discussed at a forum Thursday at Mohegan Sun at Pocono Downs, tracks the region’s performance on an array of categories, including demographics, public safety, jobs and the economy.

“The annual Indicators Report serves as a yardstick for measuring growth and trends in Northeastern Pennsylvania,” said Patrick Leahy, Wilkes University president and chairman of the institute, which is a partnership among Keystone College, King’s College, Luzerne County Community College, Marywood University, Misericordia University, Penn State Wilkes-Barre, The University of Scranton, and is owned and managed by Wilkes.

Reports covering more than 120 indicators for Lackawanna and Luzerne counties, as well as statewide data, will be discussed next week.  And reports from the institute’s five task forces also will be provided to show data on health and health care, jobs and the local economy, education, housing, transportation and land use.

Read more:  http://www.timesleader.com/news/local-news/523150/Report-NEPA-economy-is-turning-around

U.S. Employers Add 165,000 Jobs; Rate Falls To 7.5 Percent

WASHINGTON — U.S. employers added 165,000 jobs in April, and hiring was much stronger in the previous two months than the government first estimated.  The job increases helped reduce the unemployment rate from 7.6 percent to a four-year low of 7.5 percent.

The report today from the Labor Department was a reassuring sign that the U.S. job market is improving despite higher taxes and government spending cuts that took effect this year.

The government revised up its estimate of job gains in February and March by a combined 114,000.  It now says employers added 332,000 jobs in February and 138,000 in March.  The economy has created an average of 208,000 jobs a month from November through April — above the 138,000 added in the previous six months.

The number of unemployed fell 83,000 to 11.7 million.

Read more:  http://readingeagle.com/article.aspx?id=474934

The Real Fiscal Cliff: The 4.8 Million Long-Term Unemployed

Today’s alarming financial news is the rise in first-time unemployment claims to 385,000, up 28,000 and also above expectations.  The U.S. Labor Department report shows the labor market is weakening, not that it was anything resembling strong in the first place.  It makes me want to cry, because every piece of news like this makes me even more distraught about the future of the 4.8 million long-term unemployed.

I’ve covered unemployment issues or more than a decade and the future for those who are out of work beyond the normal six months funded by state benefits is very bleak.  These aren’t lazy bums, but desperate people who are financially and emotionally devastated by their situation.

Read more: http://www.philly.com/philly/blogs/jobs/INQ_JobbingBlog_The-real-fiscal-cliff-The-millions-of-long-term-unemployed.html#ixzz2PVbVF6gR
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Scranton/Wilkes-Barre Area Residential Unemployment Up In January

Locator map of the Scranton-Wilkes-Barre Metropolitan Statistical Area in the northeastern part of the of . (Photo credit: Wikipedia)

Residential unemployment in the Scranton/Wilkes-Barre metro area increased three-tenths of a percentage point in January to a seasonally-adjusted 9.8 percent, the highest rate of joblessness among the state’s metro areas for 33 consecutive months.

That’s eight-tenths of a percentage point higher for the region than January 2012, according to data released Tuesday by the state Department of Labor and Industry.

It’s not as bad as it looks, experts say.

The increase was due to the growing number of people joining or rejoining the labor force and looking for work. The labor force grew faster than the number jobs available during the year.  The number of people working or looking for work grew 10,400 for the trailing 12 months, while the ranks of the employed increases 7,100.  The difference – 3,200 – were counted among the unemployed.

Read more:  http://thetimes-tribune.com/news/business/scranton-wilkes-barre-area-residential-unemployment-up-in-january-1.1460466

Jobs Returning To The Lehigh Valley, Slowly

Lehigh Valley workers were hit harder by the recession and recovered more slowly from the damage than those in many comparable urban areas.

That finding and a slew of others are included in the fifth annual State of the Lehigh Valley research study that was rolled out Thursday at Lehigh University by the Lehigh Valley Research Consortium and Renew Lehigh Valley.

Researchers Christopher Ruebeck and Jamila Bookwala, who led the presentation, ran down regional employment figures between 2006 and 2012, finding that the Lehigh Valley’s job market held its own prior to the recession, comparing favorably with similar metro areas, with the nation as a whole and with our neighbors in New Jersey.

But the Valley’s unemployment rate rose more than comparable metro areas during the Great Recession, and those jobs have come back more slowly than in many comparable areas or the state or nation as a whole.

Read more:  http://www.mcall.com/news/breaking/mc-allentown-lehigh-valley-jobs-20130228,0,7642549.story

Lancaster County Jobless Rate Rises Again, To 6.7%

Map of Pennsylvania highlighting Lancaster County (Photo credit: Wikipedia)

Lancaster County has thousands more people working than a year ago.

Sadly, it also has hundreds more people looking for work without success.

That’s pretty much why the unemployment rate here has been spinning its wheels.

Lancaster County’s jobless rate rose to 6.7 percent in December, the state said Monday

Read more: http://lancasteronline.com/article/local/808422_Lancaster-County-jobless-rate-rises-again–to-6-7-.html#ixzz2JPrKeKmB

Pennsylvania Posts Largest Decline In Unemployment In 30 Years

Map of Pennsylvania (Photo credit: Wikipedia)

The number of Pennsylvania‘s unemployed decreased by 16,000 in November, the largest decline since 1983 and the second largest decline on record.

The unemployment rate was 7.8 percent in November, down three-tenths of a percentage point from the October rate of 8.1 percent, according to a press release from the state Department of Labor and Industry.

This was the lowest rate for Pennsylvania since June.

Read more:  http://www.mcall.com/news/local/mc-pa-november-unemployment-20121227,0,4281837.story

U.S. Unemployment Rate Falls To 7.7 Percent

WASHINGTON — The U.S. economy added 146,000 jobs in November and the unemployment rate fell to 7.7 percent, the lowest since December 2008. The government said Superstorm Sandy had only a minimal effect on the figures.

The Labor Department‘s report today offered a mixed picture of the economy.

Hiring remained steady during the storm and in the face of looming tax increases. But the government said employers added 49,000 fewer jobs in October and September than it initially estimated.

And the unemployment rate fell to a four-year low in November from 7.9 percent in October mostly because more people stopped looking for work and weren’t counted as unemployed.

Read more:  http://readingeagle.com/article.aspx?id=433757

Study: Pennsylvania Income Gap Grew During The Last Decade

Map of Pennsylvania (Photo credit: Wikipedia)

HARRISBURG, PA — Pennsylvania‘s richest citizens pulled away from the state’s poorest during the go-go 1990s, and that trend continued as the bottom began to drop out of the economy, a new study concludes.

Between the late 1990s and early 2000s, the annual incomes of the richest fifth of state households grew by 7.2 percent, or $11,190, to $269,400 while the poorest fifth saw their average income fall nearly 8 percent, or $1,907, to $23,000.

Income inequality also grew between upper and middle-income families in the state. Middle-income families saw their earnings rise by just 1.9 percent between the late 1990s, compared to 7.2 percent for the richest fifth and 11.2 percent for the richest 5 percent of households, the study concluded.

Read more:  http://www.mcall.com/news/nationworld/pennsylvania/mc-pa-income-disparity-20121116,0,7043436.story

Hostess, Maker Of Twinkies, To Close

Hostess Brands Inc. says it’s going out of business after striking workers across the country crippled its ability to make its Twinkies, Ding Dongs, Wonder Bread and other snacks.

The company had warned employees that it would file a motion with U.S. Bankruptcy Court today seeking permission to shutter its operations and sell assets if plants didn’t resume normal operations by a Thursday evening deadline.

The closing would mean the loss of about 18,500 jobs.

“Many people have worked incredibly long and hard to keep this from happening, but now Hostess Brands has no other alternative than to begin the process of winding down and preparing for the sale of our iconic brands,” CEO Gregory Rayburn said in a letter to employees posted on the company website.

Read more:  http://readingeagle.com/article.aspx?id=428558

More Expensive Gas Pushes US Consumer Prices Up

WASHINGTON (AP) – Higher gas costs drove up U.S. consumer prices in September for the second straight month.  Outside energy, there was little sign of inflation.

The Labor Department said Tuesday that the consumer price index rose a seasonally adjusted 0.6 percent last month, matching the August increase.  In the past 12 months, prices have increased 2 percent.  That’s in line with the Federal Reserve’s inflation target.

Excluding volatile food and energy costs, prices rose just 0.1 percent.  In the past year, so-called core prices have increased 2 percent.

Read more: http://business-news.thestreet.com/the-times-herald/story/more-expensive-gas-pushes-us-consumer-prices/1

Property Taxes Are Killing Pottstown

Location of Pottstown in Montgomery County (Photo credit: Wikipedia)

Editor’s note:  This is a well-written opinion piece from the Fishwrap that was sent to Governor Corbett and other state and local officials.  Sums up the state of Pottstown pretty well.

An open letter sent to Gov. Corbett and copied to state Rep. Thomas Quigley and Pottstown Mayor Bonnie Heath.

Gov. Corbett:

There’s a lovely stone house for sale on High Street in Pottstown.  Yes, it’s our house.  It’s reasonably priced and has piqued the curiosity of many prospective buyers but one item makes them turn and run.  “What is so frightening?” you ask.  It’s the property taxes!  Over $7,500 per year on a house assessed at $150,000.  That’s outrageous!  We have friends in other Montgomery County communities such as Springfield Township, Abington and Upper Dublin.  Their houses are assessed higher than ours but, in some cases, they pay less than half our taxes.  There is something drastically wrong with this scenario.  Pottstown ranks seventh in school taxes out of 500 Pennsylvania districts.  We also rank at the top for producing underachieving students.  We have 13.4 percent of our residents over 65, an inordinate number of Section 8 and transient residents in this blue-collar town, and high unemployment.  Property values are spiraling downward, creating a dismal sinking into the quicksand of urban destruction.

Our delusional council and school board keep raising taxes as though we were a booming town but we’ve lost our industrial base that employed hundreds at Bethlehem Steel, Firestone, Mrs. Smith’s Pies and other long-gone businesses.  Sadly, we’ve also had to say good-bye to our wonderful Pottstown Symphony.

Read more: http://www.pottsmerc.com/article/20120928/OPINION02/120929459/property-taxes-are-killing-pottstown

Census Shows Continued Economic Suffering From Recession

Map of the 21 counties of the State of New Jersey (Photo credit: Wikipedia)

The typical New Jersey household’s income dropped again last year, the fifth consecutive decline, according to new data released yesterday by the U.S. Census Bureau.

Not surprisingly, as incomes fell, the ranks of the poor rose.

“The latest federal statistics show there are more people in our state struggling in poverty than during any period in half a century,” says Melville D. Miller Jr., president of Legal Services of New Jersey. “That can cripple the development of our children and our state’s economic and social future.”

The latest Census estimates put the median household income in the state at $67,458. When adjusted for inflation, that was 3.4 percent less than in 2010 and 8.1 percent less than in 2008, the first full year of the recent recession. It’s also less than the actual, unadjusted, median incomes for the prior three years and only slightly above 2007’s actual median income of $67,035 — $72,666 in 2011 inflation-adjusted dollars.

Read more: http://www.njspotlight.com/stories/12/09/20//

Rural Food Banks Struggle To Meet Need

Map of Pennsylvania highlighting Greene County (Photo credit: Wikipedia)

Like the people they help, food pantries throughout southwestern Pennsylvania are struggling — and in some cases, failing — to make ends meet as skimpy federal food supplies, a tighter state budget, higher food prices and more needy clients strain resources.

Food banks around the region are reducing the number of fruits and vegetables they distribute, trimming or even eliminating expensive protein sources such as eggs and peanut butter from the boxes given to their clients, and in some cases, must consider scaling back their operations.

In Greene County, for instance, board members of the Waynesburg-based food bank, The Corner Cupboard, were spared Monday from slashing their food box distribution from monthly to bimonthly only after a last-minute $10,000 donation from natural gas drilling company EQT, according to board member John Jenkins.

“I don’t want to tell people we don’t have food for them, my God, but there’s just nothing we can do right now,” Mr. Jenkins said. “We’ve robbed Peter to pay Paul to try to stay afloat as it is.”

Read more: http://www.post-gazette.com/stories/local/region/rural-food-banks-struggle-to-meet-need-653436/#ixzz26bApTVGG

The Most (And Least) Livable States

Editor’s note:  Another poll showing the top ten and bottom ten states.  Pennsylvania does not appear on either list but several states around us make one or the other.  Some surprises and some expected results.

A new poll suggests that today’s relatively affluent states are likely to still be among the best places to live in the future. But residents in those states often are less optimistic about the future than those in poorer states.

Check out the results here: http://money.msn.com/investing/the-most-and-least-livable-states

Lehigh Valley Unemployment Rate Spikes

he Lehigh Valley‘s unemployment rate spiked again in July as the number of people looking for work continues to grow faster than businesses add jobs.

The unemployment rate hit 8.8 percent in July, up from 8.5 percent in June, according to data released Tuesday by the state Department of Labor and Industry.  It is the second straight month the unemployment rate increased even though the number of Valley residents working grew.

A total of 395,300 Valley area residents had jobs in July, the highest that number has been since November 2008, just as the Great Recession was taking hold.  But the workforce is growing at a faster pace.

From May to July, 6,700 new workers entered the labor pool, but fewer than half of them — 3,200 — found jobs.  When the workforce grows faster than businesses add jobs, the unemployment rate goes up.

Read more: http://www.mcall.com/business/mc-lehigh-valley-jobs-july-20120828,0,386387.story

General Dynamics To Lay Off One-Quarter Of Workers At Scranton Munitions Plant

General Dynamics will lay off about one-quarter of the workers at its Scranton munitions plant by the end of the year.

The defense conglomerate, which is based near Washington, D.C., reported it will reduce its workforce from 245 to 185 in three increments between October and December. The 60 layoffs will take place as work is completed on two contracts for production of 120mm mortar shell bodies, said Laurie Van Brocklin, a General Dynamics spokeswoman.

“We regret the impact that the action has on employees,” Ms. Van Brocklin said. “We are hopeful, with successful bids on mortar bodies contracts, that we will be able to rectify that.”

The layoffs will leave the 500,000-square-foot plant with fewer than half the employees it had when General Dynamics acquired it six years ago.

Read more: http://thetimes-tribune.com/news/general-dynamics-to-lay-off-one-quarter-of-workers-at-scranton-munitions-plant-1.1359821

New Jersey Unemployment Rate At 9.8 Percent, Highest Since 1977

Map of New Jersey (Photo credit: Wikipedia)

Editor’s note:  By comparison, Pennsylvania’s unemployment rate for July 2012 was 7.9%.

New Jersey’s unemployment rate rose in July for the fourth month in a row to 9.8 percent, a record high since 1977, according to data released by the state Department of Labor on Thursday.

July’s jobless rate in the Garden State was up from 9.6 percent in June and from 9.4 percent in July 2011, the preliminary numbers showed.

Democrats seized on the data to blast Republican Governor Chris Christie‘s self-proclaimed “comeback” for New Jersey.

“There is no way to interpret this other than bad,” said New Jersey Senate President Steve Sweeney, a Democrat, in a statement. “What I want to see is this administration admit it is failing in terms of getting people back to work.”

 Read more: http://www.mcall.com/news/breaking/mc-nj-unemployment-rate-20120816,0,1446508.story

Economy Adds 163,000 Jobs; Rate Ticks Up

WASHINGTON – U.S. employers added 163,000 jobs in July, a hopeful sign after three months of sluggish hiring.

The Labor Department said today that the unemployment rate rose to 8.3 percent from 8.2 percent in June.

July’s hiring was the best since February.  Still, the economy has added an average of 151,000 jobs a month this year, roughly the same as last year’s pace.  That’s not enough to satisfy the 12.8 million Americans who are unemployed.

The government uses two surveys to measure employment.  A survey of businesses showed job gains.  The unemployment rate comes from a survey of households, which showed fewer people had jobs.  Economists say the business survey is more reliable.

Read more: http://readingeagle.com/article.aspx?id=405824

Scranton/Wilkes-Barre Jobless Rate Jumps To Nine-Month High

Locator map of the Scranton-Wilkes-Barre Metropolitan Statistical Area in the northeastern part of the of . (Photo credit: Wikipedia)

Unemployment in the Scranton/Wilkes-Barre metropolitan area shot to a nine-month high in June, according to data released today by the state Department of Labor and Industry.

The rate hit 9.3 percent, up sixth-tenths of a percentage point from May. It was the region’s highest jobless rate since September, when it was 9.7 percent.

“It’s negative, there’s no question, but it’s not as bad as it sounds,” said Anthony Liuzzo, Ph.D., a business and economics professor at Wilkes University. “It takes the wind out of our sails a little bit when we see numbers like this.”

The region’s unemployment rate remained Pennsylvania’s highest for the 27th consecutive month.

Read more: http://thetimes-tribune.com/news/business/region-s-jobless-rate-jumps-to-nine-month-high-1.1352249