Pittsburgh Region Adds 24,600 Jobs; Unemployment Unchanged

The Pittsburgh region’s job market roared ahead in April, posting the biggest monthly hiring spree in at least 25 years.

The seven-county metropolitan area added 24,600 nonfarm jobs and the unemployment rate remained stable at 5.3 percent as more people began a job search, according to preliminary data the Pennsylvania Department of Labor & Industry reported Tuesday.

It was the largest monthly gain on record since 1990, the earliest data available, and provided a nice boost heading into summer, PNC economist Kurt Rankin said.

“This is about as good a sign as we could get for the state of Pittsburgh’s economy,” Rankin said.

Read more: http://triblive.com/business/headlines/8485741-74/jobs-april-sector#ixzz3c106tSgE
Follow us: @triblive on Twitter | triblive on Facebook

SLS Hotels Hopes To Seize Upon Philadelphia’s New Cachet With Broad St. Project

SLS Hotels puts its chicly designed, lavishly appointed lodgings in the U.S. cities most associated with luxury travel and youthful, free-spending abandon: Beverly Hills. South Beach. Las Vegas.

Philadelphia is now on that elite list.

After years of planning, work is set to begin in the fall on the 152-guest-room SLS Lux Philadelphia Hotel & Residences. It will rise 47 stories a few blocks south of City Hall and could open as soon as spring 2018.

The California-based hotel chain, part of hospitality mogul Sam Nazarian’s SBE Entertainment Group, is betting on Philadelphia’s budding sophistication as a shopping, dining, and sightseeing destination as it targets moneyed visitors seeking less-staid alternatives to the city’s existing stock of high-end accommodations.

Read more at http://www.philly.com/philly/business/real_estate/commercial/20150601_SLS_Hotels_hopes_to_seize_upon_Phila__s_new_cachet_with_Broad_St__project.html#hZVU36MTce8vUDHS.99

Downtown Pittsburgh Enjoys Growth In Population, Building Boom

English: The source of the Ohio River at “The Point” in Pittsburgh, Pennsylvania, USA. The Allegheny River (left) and the Monongahela River (right) join to form the Ohio here. The West End Bridge crosses the Ohio in the foreground. (Photo credit: Wikipedia)

Fred and Christine Thieman migrated from the suburbs to Downtown when their youngest child went to college about three years ago.

That year, for the first time in more than 90 years, the nation’s biggest cities, including Pittsburgh, grew faster than their suburbs, according to the Brookings Institution, a Washington policy group.

The trend continued in each of the past two years, though growth rates for cities and suburbs hover around 1 percent and the gap between them is narrowing, Brookings reported in May.

But the population living Downtown has soared. Census data show the area was home to 12,343 people last year, up 10.5 percent from 2010.

Read more: http://triblive.com/news/allegheny/6202435-74/downtown-units-percent#ixzz33UyDfZnb
Follow us: @triblive on Twitter | triblive on Facebook

Building Boom Resumes In Towamencin Township

Location of Towamencin Township in Montgomery County (Photo credit: Wikipedia)

From the curved pedestrian bridge Towamencin Township built over the crossroads village of Kulpsville, you can see the next suburban boomtown rising.

It’s taken long enough, says Robert Nicoletti, 82, who bought ground there in 1958.

From the bridge, against a backdrop of the behind-schedule Pennsylvania Turnpike widening at the nearby Lansdale exit, you can watch crews build the four-story Bridgeview apartment complex, which will start renting next month; the thick concrete core of a six-story Courtyard by Marriott hotel, due in the fall;, and the Culinary Arts Institute of Montgomery County Community College, which will enroll its first students in the spring.  Farther north stands ball-bearing maker SKF Corp.’s U.S. headquarters, certified “platinum” by the U.S. Green Building Council.

The apartments, hotel, cooking school, and corporate headquarters all are the work of Nicoletti’s Philadelphia Suburban Development Corp., better known in the city as a major landlord of parole and welfare offices and other state agencies, as well as a South Philly site proposed by Penn National Corp. for a casino.

Read more: http://www.philly.com/philly/business/20130311_Building_boom_resumes_in_Towamencin.html#ixzz2NF5kBdso
Watch sports videos you won’t find anywhere else

Scranton PA – Electric City Building Boom Defies The Recession

Image via Wikipedia

Normally, when we think of boom towns, Scranton is not generally at the top of the list.  For decades Scranton has struggled with declining population and employment, as the area dealt with the death of “King Coal” and huge manufacturing losses.

Yet despite a major nationwide economic downturn, Scranton is in the middle of a building boom.  Another unusual factor is that this boom is primarily in center city.  Most cities are not seeing growth in their downtown areas.  Usually growth is occurring in the suburbs.

There are four major projects being built in Scranton that total more than $260 million dollars!  That’s not a small chunk of change for a city of 72,000 residents.  Heck, that’s not a small chunk of change for a larger city!

The projects include:

Construction of the Commonwealth Medical College – $120 million dollars

Several building projects at the University of Scranton – $116 million dollars

Connell Building renovation – $23 million dollars

Tobyhanna Army Deport Federal Credit Union headquarters construction – $4 million dollars

This is encouraging news for NEPA!  1,400+ workers in the building trades are finding employment during this frenzy of activity in Scranton.  These employers will add permanent jobs that will continue to benefit Scranton for years to come.