Economy

Senator from York Predicts a Recession

If you were getting bored by the never ending budget process, a flurry of colorful metaphors by “Fightin” Sen. Scott Wagner of York County added a more circus like element to the standoff. I just wanted to highlight an interesting argument in the Senator’s letter to Capitolwire about the current state of the economy. According to the Senator:

Maybe the Left Hand of Pew Trust Needs to Talk to the Right Hand...

The Patriot-News yesterday highlighted a new report by the Pew Trust which finds that the middle class is shrinking. That’s interesting, especially given that, another part of Pew has been advocating for several years with former Enron billionaire John Arnold for policies that would further undermine the middle class. (Check on this link for one perspective on Arnold and Pew.)

October Payrolls Up Overall but Down in Mining, Logging and Schools

This morning the Bureau of Labor Statistics reported that the unemployment rate in Pennsylvania was down slightly to 5.1 percent, and nonfarm payrolls were up by 13,700 jobs last month, each from their respective September levels.

After two months of declines in nonfarm payrolls, the return to growth in October was  a welcome change.

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