Posts by mark price

It's Jobs Thursday in Pennsylvania and the News Ain't Good

Pennsylvania's unemployment rate shot up three-tenths of a point in July to 7.9%. Just two months before in May, the rate was 7.4%. Total nonfarm jobs in the state were down 3,100 in July.

Morning Must Reads: Helping the Poor Not a Core Mission of the PA Department of Public Welfare?

The Philadelphia Inquirer this morning reports on the move by the Corbett administration to end programs that help low-income households file their taxes.

These programs are especially important because they raise the rate at which low-income households file for the Earned Income Tax Credit (EITC). The credit provides these households with much-needed income that ends up getting spent in the local community.

Asked about the cuts, a spokesperson for the Department of Public Welfare, an agency that spent thousands on a flagpole recently, noted that helping people to apply for the EITC is not a core service of the Department of Public Welfare.

Morning Must Reads: Your End of Summer Reading Assignment - Understanding the Ryan Budget

Hi all, a combination of vacations and the rush to finish the State of Working Pennsylvania 2012 mean our blogging could be a bit spotty over the next week or so. Bygones!

Onto today's Morning Must Reads.

Morning Must Reads: Austerity Economics for the Disabled In Pennsylvania

The Delaware County Daily Times interviews people impacted by the elimination of General Assistance in Pennsylvania.

Morning Must Reads: 40 Million American Workers Get No Paid Sick Leave

The New York Times comes out strongly in favor of paid sick leave legislation in New York City. Looking at you, Philadelphia.

Morning Must Reads: It's Jobs Day

As it is the first Friday of the month. that means we get new data today from the Bureau of Labor Statistics on national employment in June. The official release is at 8:30 a.m.

Morning Must Reads: This Isn't The Dual Mandate You're Looking For

The Federal Reserve, which through its control of the money supply is in charge of one of the key levers for regulating the pace of economic growth, is guided by a dual mandate over inflation and unemployment. If consumer prices begin rising too fast, the Federal Reserve will act to slow economic activity. Likewise, when unemployment rises, the Federal Reserve will act to boost economic growth.

On Wednesday, the Federal Reserve acknowledged that the economy appears to be growing more slowly than anticipated but opted to take no steps to boost growth. This decision elevated concern about the potential of future inflation over the currently high U.S. unemployment rate of 8.2% (Pennsylvania's rate is 7.5%).

Morning Must Reads: The End Is Nigh for General Assistance

As the Pittsburgh Post-Gazette notes this morning, Pennsylvania's General Assistance program ends today. 

Morning Must Reads: Poverty In The Midst of Plenty

Wide swaths of Americans face the same problem today, too few jobs that pay a decent living. From Sunday, Peter Edelman discusses the lack of good jobs and its relationship to poverty.

The June Labor Market in Pennsylvania (Warning: Wonky)

Last Thursday, the Pennsylvania Department of Labor and Industry (L&I) reported that unemployment edged up slightly to 7.5%, while nonfarm payrolls grew at a healthier pace, adding 14,600 jobs in June (here is the graphy summary form L&I).