Releases

IFO Releases
Release thumbnail - Natural Gas Production Report, 2021Q2 - 2021-08-24
Natural Gas Production Report, 2021Q2
August 24, 2021 | Energy

This report for the second quarter of 2021 uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts.

Tags: gas, production

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Release thumbnail - Labor Market Update- August 2021 - 2021-08-24
Labor Market Update- August 2021
August 24, 2021 | Economics and Other

The IFO released its monthly update that tracks the state labor market. The labor market continued to improve in July as pandemic-related job losses declined from the prior month.

Tags: labor, market, update

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Release thumbnail - State Pension System Testimony - 2021-08-19
State Pension System Testimony
August 19, 2021 | Economics and Other

Director Matthew Knittel provided testimony regarding the state pension systems to the House State Government Committee, Subcommittee on Public Pensions, Benefits and Risk Management.

Tags: pension, presentation

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Release thumbnail - August 2021 Economic Update - 2021-08-12
August 2021 Economic Update
August 12, 2021 | Revenue & Economic Update

The August edition of our Monthly Economic Update includes links to recent articles and reports that provide insight into state or national economic, demographic and fiscal trends. 

Tags: economic, news, update

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Release thumbnail - County Income Patterns - 2021-08-10
County Income Patterns
August 10, 2021 | Economics and Other

This research brief presents five maps that display recent demographic and income trends at the county level. The release highlights population change, personal income growth and per capita figures for all counties of the Commonwealth.

Tags: brief, county, incomes, research

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Release thumbnail - July 2021 Revenue Update - 2021-08-02
July 2021 Revenue Update
August 02, 2021 | Revenue & Economic Update

The Commonwealth collected $2.70 billion in General Fund revenues for July, a decrease of $1.40 billion (-34.2%) compared to July 2020. July 2020 collections included roughly $1.62 billion in revenue that was shifted from FY 2019-20 due to the COVID-19 pandemic. Excluding this shift, July 2021 revenues exceeded the prior year by $216.2 million (8.7%).

Tags: estimates, monthly, revenue

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Release thumbnail - Labor Market Update- July 2021 - 2021-07-19
Labor Market Update- July 2021
July 19, 2021 | Economics and Other

The IFO issued a new monthly publication that tracks the state labor market. The labor market improved in June as pandemic-related job losses declined following stagnation in previous months. 

Tags: labor, market, update

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Release thumbnail - July 2021 Economic Update - 2021-07-14
July 2021 Economic Update
July 14, 2021 | Revenue & Economic Update

The July edition of our Monthly Economic Update includes links to recent articles and reports that provide insight into state or national economic, demographic and fiscal trends. 

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Release thumbnail - State Pension System Update - 2021-07-13
State Pension System Update
July 13, 2021 | Economics and Other

Director Matthew Knittel provided a state pension system update for the PICPA Not-for-Profit and Government Accounting Conference.

Tags: pension, presentation

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Release thumbnail - June 2021 Revenue Update - 2021-07-02
June 2021 Revenue Update
July 02, 2021 | Revenue & Economic Update

The Commonwealth collected $40.39 billion in General Fund revenues for FY 2020-21, an increase of $8.12 billion (25.1%) from the prior fiscal year.

Tags: estimates, monthly, revenue

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