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
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Evaporating Cap On Pa. Gasoline Taxes To Offset Drops At Pump

Map of Pennsylvania, showing major cities and roads (Photo credit: Wikipedia)

If gasoline prices continue to hover where they are, Ron Stover might get rid of his Dodge Durango.

These days, the dark silver sport utility vehicle with its V8 engine costs $85 to fill.

“I haven’t filled it up in I don’t know how long,” said Stover, 39, of the North Side.

Pennsylvania drivers pay less for a gallon of gas than they did a year ago, but planned changes to a state tax could increase the cost down the road, even as experts predict prices nationwide might continue to drop.

Read more: http://triblive.com/state/pennsylvania/6977771-74/tax-taxes-gallon#ixzz3HpbJFanD
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Pennsylvania Senate Highways Plan Would Raise Gas Prices

Editor’s note:  Really!  Because gas prices aren’t high enough already???

HARRISBURG – Spending on Pennsylvania’s highways, bridges and mass transit systems would get a big shot of new funding under a Senate plan unveiled Tuesday that would raise the money by increasing motorist fees and wholesale gas taxes – bumping prices at the pump as much a quarter a gallon.

The $2.5 billion plan by Senate Transportation Committee Chairman John Rafferty, R-Montgomery, is more ambitious and expensive than the proposal Gov. Tom Corbett advanced in January. The increase is nearly 50 percent of the $5.3 billion that the Pennsylvania Department of Transportation currently spends on highways, bridges and transit.

Rafferty warned that the state’s bridges and highways are in dire need of repair, and contended that the plan would simply update taxes and fees to reflect inflation after going unchanged since at least the 1990s while giving the state’s economy a big boost.

“This is a sustainable funding plan,” Rafferty told reporters at a news conference where he was backed by dozens of supportive lawmakers and representatives of transportation-minded groups. “This is not a one-shot deal. This is a significant piece of change that will move Pennsylvania forward.”

Read more:  http://readingeagle.com/article.aspx?id=470435

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