IFO Releases
Labor Market Update- July 2021
July 19, 2021 | News Stand & 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.
State Pension System Update
July 13, 2021 | News Stand & Other
Director Matthew Knittel provided a state pension system update for the PICPA Not-for-Profit and Government Accounting Conference.
Tags: pension, presentation
Labor Market Update - June 23, 2021
June 23, 2021 | News Stand & Other
The IFO released its second edition of a new monthly publication that tracks conditions in the state labor market. Despite significant federal stimulus and job openings/quit rates at series highs, the May payroll jobs data do not reveal any reduction in pandemic-related job losses.
Economic and Revenue Update
June 17, 2021 | News Stand & Other
Director Matthew Knittel provided a brief economic and revenue update for the PACP Chamber Day.
Tags: budget, economic, presentation
Labor Market Update- June 2021
June 03, 2021 | News Stand & Other
The IFO issued a new monthly publication that tracks the state labor market. The data show that the pace of payroll jobs creation has stagnated despite significant federal stimulus.
Economic Impact of Federal Stimulus
May 10, 2021 | News Stand & Other
This research brief examines the impact of certain federal stimulus programs enacted in response to the COVID-19 pandemic on Pennsylvania residents and the economy. It estimates the total amount of federal stimulus provided directly to individuals by income group and considers the impact on employment, output, and whether the infusion of federal monies into the state economy is conducive to raising the state minimum wage.
School Property Tax, Senior Spending and Tax Revenues
April 23, 2021 | News Stand & Other
In response to a legislative request, the IFO transmitted a letter that updates previous analyses on state and local budget issues, including (1) the IFO school district property tax forecast, (2) potential revenue sources that could replace school district property taxes if eliminated, (3) state spending dedicated to seniors, (4) the share of certain tax revenues remitted by seniors, (5) tax treatment of retirement income by state and (6) migration patterns by age groups.
Impact of COVID-19 on the State Economy
April 13, 2021 | News Stand & Other
Director Matthew Knittel gave a brief presentation to the Senate Majority Policy Committee on the impact of COVID-19 on the state economy.
Tags: coronavirus, economy, presentation
Senate Budget Hearing Request
April 09, 2021 | News Stand & Other
The Independent Fiscal Office (IFO) responded to several questions raised at the office's budget hearing before the Senate Appropriations Committee. The questions relate to the impact of the COVID-19 pandemic on employment based on gender, net domestic migration for Pennsylvania and border states, and education sector employment for Pennsylvania and border states.
Budget and Economic Update Presentation
March 31, 2021 | News Stand & Other
Deputy Director Brenda Warburton and Revenue Analyst Jesse Bushman gave a presentation to the Marcellus Shale Coalition regarding the Commonwealth’s economic and budget outlook and recent natural gas trends.
Tags: budget, economic, employment, gas, presentation