Unemployment Compensation by AGIThe IFO published a research brief that uses the latest federal tax return data to provide a breakdown by income class for unemployment compensation (UC) benefits received by Pennsylvania residents in 2019 and 2020. For 2020, residents received $33.4 billion of UC income and $21.3 billion (64%) was reported on the federal tax return. For amounts reported, $2.9 billion (13.4%) was reported by filers with more than $100,000 of adjusted gross income (AGI). High income taxpayers qualify for UC benefits because the federal program does not apply income thresholds. Tags: brief, compensation, research, unemployment |
Budget and Economic Update PresentationDeputy 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 |
PPP Loans to Pennsylvania BusinessesThis research brief examines the impact of the PPP on Pennsylvania businesses by considering the number and type of firms affected, the potential employment impact and possible tax implications. Tags: businesses, employment, ppp, tax |
Senate Budget Hearing RequestThe Independent Fiscal Office (IFO) responded to questions raised at the office’s budget hearing before the Senate Appropriations Committee. The questions relate to net migration for Pennsylvania, U3 and U6 unemployment rates, tax burden and labor force participation rates for Pennsylvania and border states, Pennsylvania’s declining workforce and the Pennsylvania Child and Dependent Care Enhancement Tax Credit. 04/05/2023 |
Unemployment Compensation by AGIThe IFO published a research brief that uses the latest federal tax return data to provide a breakdown by income class for unemployment compensation (UC) benefits received by Pennsylvania residents in 2019 and 2020. For 2020, residents received $33.4 billion of UC income and $21.3 billion (64%) was reported on the federal tax return. For amounts reported, $2.9 billion (13.4%) was reported by filers with more than $100,000 of adjusted gross income (AGI). High income taxpayers qualify for UC benefits because the federal program does not apply income thresholds. 12/21/2022 |
House Budget Hearing RequestThe IFO responded to a question raised at the office’s budget hearing before the House Appropriations Committee. The question relates to the impact of the COVID-19 pandemic on employment by race. 03/21/2022 |
Is the Student Loan Moratorium Impacting employment?The federal student loan moratorium enters its third year. The IFO posted a research brief that examines the impact of the COVID-19 pandemic (and related federal policies) on payroll employment and employment-to-population ratios by age group. Despite record-level job openings, the latest data for 2021 Q2 show the largest relative reductions for young workers, many of whom have student loans. By contrast, early retirements appear to have played a smaller role in decades-low labor force participation rates. 03/08/2022 |
employment OpportunityThe IFO is accepting applications for employment from qualified candidates. See the job posting for further details. 01/04/2022 |
Labor Market Update - September 2021The IFO released its monthly update that tracks the state labor market. The labor market contracted slightly in August on a year-over-year basis relative to a no-pandemic scenario. These data reflect the final month of federal unemployment compensation benefits. 09/20/2021 |
Economic Impact of Federal StimulusThis 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. 05/10/2021 |
Senate Budget Hearing RequestThe 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. 04/09/2021 |
PPP Loans to Pennsylvania BusinessesThis research brief examines the impact of the PPP on Pennsylvania businesses by considering the number and type of firms affected, the potential employment impact and possible tax implications. 12/08/2020 |
SEIU Local 668 UC Referees Unit Wage Contract AnalysisThe Independent Fiscal Office (IFO) has issued a cost analysis of the collective bargaining agreement between the Commonwealth of Pennsylvania and the Service Employees International Union (SEIU) Local 668 Unemployment Compensation (UC) Referees. 05/07/2020 |
PA Economy League PresentationIn partnership with the Pennsylvania Economy League, Director Matthew Knittel and Deputy Director Brenda Warburton will make multiple presentations on raising the state minimum wage to $12.00 per hour. The presentation examines the proposed minimum wage’s impact on employment, worker incomes, prices and state spending. 05/01/2019 |
State Economic ComparisonThis research brief uses Real GDP, Personal Income and Payroll employment to compare economic performance in Pennsylvania to four adjacent states and the U.S. over the past decade. 09/30/2014 |
Revenue-Proposal-Analysis-2020-04.pdfMinimum Wage Studies ...................................................................................................... 20 Border County Comparison ............................................................................................................ 23 Workers Affected by a $12 per Hour Minimum Wage ....................................................................... 25 Employment Impact from a $12 per Hour Minimum Wage ............................................................... 27 Income Effects for Affected Workers .............................................................................................. 28 General Price Impact ..................................................................................................................... 30 Impact on State proposal to increase the state minimum wage from $7.25 to $12.00 per hour. It discusses potential employment effects, income effects and implications for General Fund revenues and expenditures. Currently, no state has a $15.00 minimum wage that could Hits: 96 |
Revenue-Proposal-Analysis-2019-03.pdfby a $12 per Hour Minimum Wage ....................................................................... 19 Businesses Affected by a $12 per Hour Minimum Wage ................................................................... 22 Employment Impact from a $12 per Hour Minimum Wage ............................................................... 23 Income Effects for Affected Workers .............................................................................................. 25 General Price Impact ..................................................................................................................... 26 Impact on General proposal to increase the state minimum wage from $7.25 to $12.00 per hour. It discusses potential employment effects, income effects and implications for General Fund revenues and expenditures. Due to lack of current research, the section provides only general Hits: 92 |
ACN_SB1071_A10803_text.pdfmiscellaneous provisions; and for health insurance for retired school employees, in the area of preliminary provisions. In Title 51: for employment preferences and pensions, in the area of military leave of absence. In Title 71: for boards and offices, in the contributions and mandatory pickup participant contributions plus any remuneration received as a school employee excluding reimbursements for expenses incidental to employment and excluding any bonus, severance payments, any other remuneration or other emolument received by a school employee during his school Hits: 72 |
PBB_2022_DLI_REPORT.pdfunemployment compensation taxes 3 Unemployment Comp. Appeals..................... Review appeals related to unemployment comp. 4 Workforce Development............................... Provide job training and employment services 5 Apprenticeship and Training Office............... Support the expansion of apprenticeship programs 6 Vocational Rehabilitation.............................. Assist disabled citizens with employment services 7 Disability Determination............................... Review and determine disability applications 8 Workers' Comp. Admin................................ Administer workers' comp. programs and funds 9 Hits: 65 |
Revenue_Proposal_Analysis_2021_04.pdfMinimum Wage Across States ....................................................................................................... 26 Recent Minimum Wage Studies ..................................................................................................... 28 Workers Affected by a $12 per Hour Minimum Wage ....................................................................... 29 Employment Impact from a $12 per Hour Minimum Wage................................................................ 32 Income Effects for Affected Workers .............................................................................................. 35 Impact on State Government Expenditures analyzes the proposal to increase the state minimum wage from $7.25 to $12.00 per hour. It discusses potential employment effects, income effects and implications for General Fund revenues and expenditures. Currently, no state has a $15.00 minimum wage Hits: 64 |
SUT Exemption for Aircraft - January 2013.pdfof the aircraft industry in Pennsylvania to other states and regions. The analysis also looks at aircraft industry employment trends in Pennsylvania over the past decade, as well as trends in surrounding states that have implemented policy changes related to the past decade. Part Four derives the static revenue impact from an SUT exemption for aircraft. Part Five analyzes employment trends across the states included in this analysis for statistical evidence of an increase in aviation related employment following the enactment of Hits: 62 |
Revenue-Proposal-Analysis-2018-04.pdfMinimum Wage ....................................................................................... 15 Minimum Wage Across States ................................................................................. 16 Workers Directly Affected by a Higher Minimum Wage ........................................... 19 Potential Employment Impact of a Higher Minimum Wage ...................................... 22 Income Effects for Affected Workers ........................................................................ 24 Potential Implications for General Fund Revenues .................................................. 26 A Final proposal to increase the state minimum wage from $7.25 to $12.00 per hour. It discusses potential employment effects, income effects and implications for General Fund reve- nues. The analyses contained in this report are based on descriptions from the Hits: 49 |
Five_Year_Outlook_2020.pdf6 Dependency Ratios .......................................................................................................................... 7 Labor Force Participation Rates ........................................................................................................ 8 Section 3: Economic Outlook .................................................................................................... 9 Federal Relief and Stimulus ............................................................................................................ 11 Payroll Employment ....................................................................................................................... 13 Labor Force Trends ....................................................................................................................... 16 Income Trends .............................................................................................................................. 17 Financial Trends ............................................................................................................................ 19 Section 4: Revenue Outlook .................................................................................................... 21 Personal Income Tax ..................................................................................................................... 22 not represent a formal economic forecast, but rather a controlled simulation. They assume that economic growth is consistent with full employment, historical labor productivity gains and inflation expectations. The economic simulation provides a neutral baseline that policymakers can use to assess Hits: 46 |
Official-Revenue-Estimate-2020-06.pdf5.0 percent (2021). Those amounts exclude compensation earned by self-employed and inde- pendent contractors. Payroll Employment contracts by 453,000 (2020, annualized basis) and expands by 309,700 (2021) net jobs. These figures exclude self-employed and independent a contraction in 2009 and no growth in 2010. By contrast, the COVID-19 forecast has a sharp employment contraction followed immediately by jobs growth as businesses reopen and ramp up operations. Table 1.2 displays the U.S. economic forecast Hits: 39 |
Revenue_Proposal_Analysis_2023_05.pdfFund .................................................... 7 Raise the Minimum Wage ......................................................................................................... 9 Comparison of State Minimum Wage Rates ....................................................................................... 9 Distribution of Hourly Wage Rates .................................................................................................. 11 Employment Impact ...................................................................................................................... 13 Income and Revenue Impacts ........................................................................................................ 15 - This page intentionally left blank. - Introduction | Page 1 Introduction This report provides revenue subject area at qualified rural or low-performing schools. The credit is available annually for up to five years if employment at the qualified school is maintained. 4 ▪ The New Mexico 2022 Nurse’s Credit was a one-time $1,000 Hits: 38 |
Revenue-Estimate-2020-05.pdf5.5 percent (2021). Those amounts exclude compensation earned by self-employed and inde- pendent contractors. Payroll Employment contracts by 495,300 (2020, annualized basis) and expands by 357,100 (2021) net jobs. These figures exclude self-employed and independent a contraction in 2009 and no growth in 2010. By contrast, the COVID-19 forecast has a sharp employment contraction followed immediately by jobs growth as businesses reopen and ramp up operations. COVID-19 2018 2019 2020 2021 Real GDP 2 Hits: 38 |
TC_2019_Film_Production_Tax_Credit_Report.pdfFPTC Data ........................................................................................................................ 7 Section 3: State Tax Credit Comparison .................................................................................. 9 Film-Television Production Incentives Across States ........................................................................... 9 Industry Employment Trends ......................................................................................................... 11 Industry Output Trends ................................................................................................................. 13 Film Production Tax Credit Studies Across States ............................................................................. 15 Section 4: Economic Impact and Metrics ............................................................................... 17 Cost is administered and presents historical data. Section 3 compares state FPTCs based on key parameters and examines state employment and GDP trends for the film-television production industry. Section 4 presents the economic analysis and compares the findings to other FPTC Hits: 37 |
TC_2021_Video_Game_Production.pdfVGP Tax Credit Overview ........................................................................................ 5 Goals and Purpose .......................................................................................................................... 5 Administration ................................................................................................................................. 6 Historical Data ................................................................................................................................ 7 Section 3: State Comparison .................................................................................................... 9 Industry Employment Trends ......................................................................................................... 10 Literature Review .......................................................................................................................... 12 Section 4: Economic Analysis ................................................................................................. 13 Video Game Project Cost Profile ..................................................................................................... 13 Economic Impact........................................................................................................................... 14 Section of projects from the design to production phase and enhances the long-term viability of those firms. Based on employment data for the Software Publishers subsector, it does not appear that the VGP Tax Credit has had a significant impact Hits: 35 |
Single-Use Plastics Report-2020_06.pdfIFO in December 2018. Primary responsibilities include state and local pension anal- ysis, retiree healthcare and other post-employment benefits and performance-based budgeting for agencies such as the Department of Community and Economic Development. Jesse Bushman, Revenue Analyst II Mr Cost Impacts Under Each Policy Scenario ........................................................................................ 28 Implementation and Compliance .................................................................................................... 29 Section 5: Manufacturers ........................................................................................................ 31 Retail Bag Manufacturing Employment and Production ..................................................................... 31 Manufacturer Response to Regulations ........................................................................................... 32 Petrochemical and Plastics Manufacturing from Natural Gas ............................................................. 33 Section 6: Net Economic Impacts ........................................................................................... 37 Hits: 32 |
RB-2015-04.pdfBudget Of Ðice to determine the number of workers who may receive a higher wage and those who may lose employment. The Independent Fiscal Of Ðice issues this research brief to ful Ðill its statutory obligation to provide an economic analysis percent) from its current level. For a full‐time worker (40 hours per week) who earns minimum wage and retains employment, annual wage income would increase from $15,080 to $21,010, an increase of $5,930. However, those wage gains Hits: 31 |
PBB_2020_DHS_REPORT_Final_Updated.pdf29 Activity 9: TANF Eligibility and Benefits ............................................................................... 31 Activity 10: SNAP Eligibility and Authorize Benefits ............................................................... 35 Activity 11: Employment Supports ...................................................................................... 39 Activity 12: Child Support Enforcement ............................................................................... 43 Activity 13: LIHEAP Eligibility and Benefits........................................................................... 45 Activity 14: Other Program Eligibility/Benefits ...................................................................... 49 TANF eligibility and issue benefits 10 SNAP Eligibility and Authorize Benefits…………..Determine SNAP eligibility and authorize benefits 11 Employment Supports……………………………………….Support services for individuals to gain employment 12 Child Support Enforcement……………………………….Enforce and collect child support 13 LIHEAP Eligibility and Benefits Hits: 29 |
Five_Year_Outlook_2021.pdfExecutive Summary ............................................................................................................ 1 Introduction ...................................................................................................................... 3 Demographic Outlook ......................................................................................................... 5 Dependency Ratios ......................................................................................................... 7 Economic Outlook .............................................................................................................. 9 Federal and State Programs ............................................................................................11 Payroll Employment .......................................................................................................12 Labor Force Trends ........................................................................................................14 Income Trends ..............................................................................................................17 Unspent Federal Stimulus ...............................................................................................18 Consumer Spending Patterns ..........................................................................................20 Inflation and Sales Taxes not represent a formal economic forecast, but rather a controlled simulation. They assume that economic growth is consistent with full employment, historical labor productivity gains and inflation expectations. The economic simulation provides a neutral baseline that policymakers can use to assess Hits: 28 |
ACN_SB1_A01354_A01558_2017_06_03a.pdfone of the three design options, and the election would be irrevocable, including for all future non-exempt periods of employment. The new plan options include two “side-by-side” hybrid retirement plans and a third stand-alone defined contribution (DC hybrid plans and the stand-alone DC plan, new members become vested in the employer contributions after three years of employment, and the employee’s contributions would vest immediately. Superannuation For the DB component of the hybrid plans (Classes T-G Hits: 27 |
2002_drop_report.pdfthe country. As complex overlays of existing retirement plans, DROPs represent a means to permit retired public employees to continue employment, defer receipt of their pension benefits, and accumulate retirement savings. For public employers, DROPs represent a means to extend the provide an optional way to pay retirement benefits. They permit an employee who is eligible for normal retirement to continue employment and continue to receive wages or salary as usual. But, instead of deferring retirement, the employee’s regular monthly retirement Hits: 27 |
Revenue_Proposal_Analysis_2022_04.pdffindings and results from recent minimum wage studies. 4 To inter- pret results, it is necessary to define the term “employment elasticity.” The employment elasticity is the percentage change in employment divided by the percentage change in the statutory minimum wage. For example, an Hits: 26 |
RB_2022_08_Worker_Shortage.pdf2022 to show data for two more recent months (job openings, jobs, unemployment rates and labor force) or one quarter (employment by age group). Otherwise, the text is largely the same. Many employers have noted ongoing challenges hiring and retaining staff to strong labor demand, but also because many workers left the labor force and no longer work or actively seek employment. This research brief quantifies the scope of this issue and identifies potential factors that motivate the contraction of the state Hits: 26 |
PBB_2021_DHS_REPORT_ADDENDUM.pdfmeasures for these pro- grams. DHS continues to work with the Department of Labor and Industry to collect and track employment Department of Human Services Overview | Page 8 outcomes related to various activities, including the individuals served by county mental health re- sponded that these metrics are not available. The available data from the U.S. Bureau of Labor Statistics Occupational Employment and Wage Statistics on average wage of select occupations related to County Child Welfare are detailed below. 2015 2016 2017 Hits: 26 |
RB_2022_07_Worker_Shortage.pdfto strong labor demand, but also because many workers left the labor force and no longer work or actively seek employment. This research brief quantifies the scope of this issue and identifies potential factors that motivate the contraction of the state was roughly 0.95 for Pennsylvania and 1.15 for the U.S. Hence, for each unemployed person actively seeking employment, there was roughly 1.0 job opening. For April 2022, the data show that there were 1.25 job openings Hits: 25 |
RB_2022_03_Student_Loan.pdfThe COVID-19 pandemic had a dramatic impact on state employment and labor force participation rates (i.e., the share of residents working or actively seeking employment). For Pennsylvania, data for December 2021 show that payroll employment fell by 280,000 (-4.6%) compared to December 2019 Hits: 25 |
2013_special_report_funding_and_reforming_public_employee_retirement_systems.pdfmeasure retirement benefit adequacy, one method, long established as a benchmark in the financial planning field, has been a post- employment income that is roughly 70% to 80% of pre-retirement income. Historically, the three primary sources of retirement income have a defined benefit pension plan as of 2011. 20 Traditional defined benefit pension plans are designed to encourage long-term employment. They are not attractive to, or beneficial for, a transient workforce. Since many public sector job skills are not readily Hits: 25 |
IFO - Economic and Budget Outlook - January 2012.pdffrom the recession. Numerous metrics demonstrate that the current recovery is the weakest since World War II. For example, payroll employment had reverted to its pre- recession peak within an average of thirty-six months following the previous three recessions (1981-82, 1991 and 2001). By comparison, current payroll employment remains 4.4 4 In August 2007, American Home Mortgage filed for bankruptcy, Ameriquest discontinued its mortgage operations and Countrywide Hits: 23 |
2002_dbdc_report.pdfthe pension benefit to be provided at retirement is defined, while the contributions to be made over the period of employment are variable based on the experience of the pension fund. In a “defined contribution” (DC) pension plan, the contributions to be made over the period of employment are defined, while the pension benefit to be provided at retirement is variable based on the experience of the pension Hits: 23 |
2006_surviving_spouse_healthcare_study.pdfcertain groups of Commonwealth employees from eligibility for the proposed benefit extension based solely upon membership in the SERS and employment by a REHP participating entity. PART I RETIRED EMPLOYEE HEALTH PROGRAM -3- Synopsis The provision of subsidized healthcare benefits to time of retirement if they are enrolled or are eligible to enroll in the AEHP on their last day of employment. Members of SERS are enrolled in REHP by a SERS retirement counselor at the time of retirement. A SERS member Hits: 21 |
TC_2020_Research and Development Tax Credit.pdfCredit ........................................................................................... 13 Impact on Corporate Effective Tax Rate .......................................................................................... 15 Research and Development Spending Trends .................................................................................. 16 Research and Development Employment Trends ............................................................................. 17 State Comparison Summary ........................................................................................................... 19 Section 4: Economic Analysis ................................................................................................. 21 Key Findings from RDTC Studies .................................................................................................... 21 Economic Impact........................................................................................................................... 23 Analysis Caveats that offer an R&D tax credit based on tax credit parameters and awards, R&D spending and employment in sectors that are R&D intensive. Section 4 contains a brief literature review, a discussion of the factors that affect the Hits: 20 |
PBB_2020_DCED_REPORT.pdffocus to actual jobs created and engage with the Department of Labor and Industry to verify all new employment at firms that receive economic development incentives. Currently, the department requires payroll compliance reports for only one in ten projects on a random basis across a small number of incentive programs. The employment impact from job creation programs administered by DCED is difficult to quan- tify accurately. Two factors drive this outcome. First, firms that Hits: 20 |
Economic_and_Revenue_Update_2020_10.pdffor CY 2021 has been revised down for all economic variables, with the exception of inflation. The latest employment data for CY 2020 reveal rapid labor market improvement in May, June and July, but much more modest gains in August and could be roughly 5 to 10 percent higher or lower. There is much more uncertainty regarding foregone self-employment income due to the pandemic, and the estimate assumes that 15 percent ($3.2 billion) of the self-employment income reported to Hits: 19 |
Five_Year_Outlook_2022.pdfLabor Force Participation Rates ........................................................................................................ 8 Impact of Recent Demographic Trends on the State Labor Force........................................................ 9 Economic Outlook ............................................................................................................................. 11 Payroll Employment ....................................................................................................................... 13 Consumer Inflation ........................................................................................................................ 14 Financial Trends ............................................................................................................................ 15 Revenue Outlook .............................................................................................................................. 17 Tax Revenue Trends and Projections .............................................................................................. 18 Personal Income Tax ..................................................................................................................... 19 not represent a formal economic forecast, but rather a controlled simulation. They assume that economic growth is consistent with full employment, historical labor productivity gains and inflation expectations. The economic simulation provides a neutral baseline that policymakers can use to assess Hits: 17 |
TC_2022_Coal_Refuse_Energy_Reclamation.pdf17 Economic Impact .................................................................................................................... 19 Industry Inputs, Output and Capacity Utilization ........................................................................... 19 Industry Concentration ............................................................................................................... 21 Fossil Fuel Generation Sector ....................................................................................................... 22 Industry Employment and Wages ................................................................................................ 23 Average and Breakeven Prices ..................................................................................................... 24 Economic Impact of CRER Tax Credit ........................................................................................... 27 Avoided Costs and Unrecognized Positive S. Bureau of Labor Statistics and Energy Information Administration. Table 5.3 Fossil Fuel Generation Economic Impact | Page 23 Industry Employment and Wages Table 5.4 displays employment (part- and full-time, no adjustment made to convert to full-time equiva- Hits: 16 |
TC_2019_New_Jobs_Tax_Credit_Report.pdfqualify for the JCTC, a firm must agree to create at least 25 full-time jobs or increase employment by 20 percent within a three-year period. (A small business must agree to increase employment by at least 10 percent in the same period.) The average hourly wage (excluding benefits) for each newly-created job must be Hits: 16 |
Public Employee Retirement Laws of PA Local Governments (2009).pdfcourt holds the act to have been unconstitutionally applied to that individual. - 9 - Crimes Related to Public Office or Public Employment. The violations of the Crimes Code that are defined as “crimes related to public office or employment” when committed by a public official or employee through that individual’s public position or when that individual’s public Hits: 16 |
PBB_2019_Criminal_Justice_Report.pdfand weld- ing. Goals and Outcomes The goal of this activity is to prepare inmates for post-release employment and create opportunities for further attainment of education. The expected outcome of this activity is to reduce overall recidivism. Resources 13-14 within PA SCIs. They also compare the pass rate in the Commonwealth to prisons across the country. • Parolee employment rate. This measure represents the percent of the supervised population that is employed either full- or part-time at the end of Hits: 16 |
Five_Year_Outlook_2019.pdfRatios Decline .............................................................................................. 8 Components of Population Change ................................................................................... 9 Population Growth Across States .....................................................................................13 Section 3: Economic Outlook .............................................................................................. 15 Employment Trends .......................................................................................................17 Wage Trends .................................................................................................................18 Consumer Trends ..........................................................................................................19 Housing Trends .............................................................................................................20 Section 4: Revenue Outlook ............................................................................................... 21 Revenue Versus Economic Growth ..................................................................................22 Personal a formal economic forecast, but rather a controlled simulation. They assume that economic growth is consistent with full employment, historical labor productivity gains and inflation expectations. The economic simulation provides a neutral baseline that policymakers can use to assess fiscal sustainability Hits: 16 |
TC_2020_Keystone_Innovation_Zone_Tax_Credit.pdfFoster innovation and facilitate commercialization of newly developed technology. Purpose Increase entrepreneurial activity to generate more output and employment in targeted, high- tech sectors in geographic zones across the state. Administration When a firm begins operations in a KIZ, they are 7.8% 17.9% 4.1% 5.1% Source: U.S. Bureau of Labor Statistics, Quarterly Census of Employment and Wages. Calculations by IFO. Table 2.5 Average Growth in Number of Business Establishments: 2014 to 2018 Section 2: Overview of Hits: 15 |
RB_2021_01_Economic_Impact_of_Federal_Stimulus.pdfProvision 2: Expanded Unemployment Compensation Programs The federal government enacted expanded UC programs to provide relief to those who lost employment due to the pandemic or could not work due to health or other concerns. The programs extended the number of claimants may not reflect total income for individuals employed at multiple jobs, or who held multiple gig economy or self-employment positions. For example, roughly 60% of all PUA claimants reported annual income of less than $10,000. PUA claimant income Hits: 15 |
Economic_and_Revenue_Update_2021.pdfintentionally left blank. - List of Materials Included Independent Fiscal Office Overview.......................................................................... 1 Independent Fiscal Office Expenditures .................................................................... 2 2020 PA Payroll Employment: Change From Prior Year .............................................. 3 Subsector Detail: PA Employment Change From Prior Year ......................................... 4 Recent Pennsylvania Economic Trends ..................................................................... 5 Actual and Projected Federal Relief for Pennsylvania ................................................. 6 COVID-19 Hits: 15 |
Revenue_Estimate_2021_05.pdfresidents increases by 6.7% (2021) and 4.3% (2022) (excludes compensation earned by self-employed and independent contractors). ▪ Payroll Employment expands by 100,000 (2021, average for full year) and 80,000 (2022) net jobs (excludes self-employed and independent permanently raised wages for certain lower-wage workers. As discussed later in this section, the forecast projects that the average employment level in CY 2022 will be substantially lower than CY 2019. ▪ All schools and colleges fully reopen in the fall Hits: 14 |
June_Revenue_Estimate_2021.pdfincreases by 6.4% (2021) and 4.3% (2022) (ex- cludes compensation earned by self-employed and independent contractors). ▪ Payroll Employment expands by 100,000 (2021, average for full year) and 80,000 (2022) net jobs (excludes self-employed and independent permanently raised wages for certain lower-wage workers. As discussed later in this section, the forecast projects that the average employment level in CY 2022 will be substantially lower than CY 2019. ▪ All schools and colleges fully reopen in the fall Hits: 14 |
Demographics_Outlook_2022.pdfis published by BLS and represents the share of residents age 16 or older that are working or actively seeking employment. If the LFPR declines, then it suggests that less labor resources are available, which generally has negative implications for economic both rates remain below pre-pandemic levels. Figure 4.1 presents historical (2018 to 2021) and projected (2022 to 2030) employment levels for two scenarios. Assumptions are as follows: For 2022, the unemployment rate is 4.3% based on the Hits: 14 |
Senate Appropriations Response Letter 3-6-2020.pdfmiddle and lower income groups by an even wider margin. March 6, 2020 Page 4 Senator Santarsiero requested information on employment gains and losses by sector for states that receive the highest net migration from Pennsylvania. Please refer to Tables 2A be adjusted in March 2020. Excludes independent contractors, self-employed and military. Source: U.S. Bureau of Labor Statistics, Current Employment Statistics (not seasonally adjusted). Employment Gains and Losses by Sector Table 2B: New York Share of Sector 2017 2018 2019 Hits: 13 |
RB_2020_12_PPP_Loans_to_PA_Businesses.pdfexamines the impact of the PPP on Pennsylvania businesses by considering the number and type of firms affected, the potential employment impact and possible tax implications. PPP Detail: Loans by Size, Type of Firm and Sector The SBA publishes state-specific Pass Throughs include S corporations, partnerships, sole proprietors and LLCs. Source: Small Business Administration. Independent Fiscal Office Page 3 PPP Employment Impact: Jobs Saved or Retained Although the program was enacted quickly in order to minimize job loss, new research finds Hits: 13 |
RB-2017-5.pdfsources are compared to three state economic metrics: (1) nominal gross domestic product (GDP), (2) personal income and (3) payroll employment. 2 A brief description of the three economic metrics is as follows: Gross Domestic Product (GDP) The value of insurance plans, unemployment compensation and transfer income (e.g., Social Security and various medical and income maintenance benefits). Payroll Employment The number of workers in the state economy. Excludes sole proprietors, military personnel, private household employees, unpaid volunteers, farm employees Hits: 13 |
RB_2022_10_Worker_Shortage.pdfstrong labor demand, but also because many workers have left the labor force and no longer work or actively seek employment. This research brief quantifies the current excess demand for labor, the magnitude of the state labor force contraction and the the ratio was roughly 0.9 for Pennsylvania (1.15 for U.S). Hence, for each unemployed person actively seeking employment, there was roughly 0.9 job openings. For August 2022, the data show that there were 1.35 job openings Hits: 12 |
MER-2015-02.pdfof individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in monthly payroll employment based on latest three months of data. 2 Advance Retail Sales Year‐over‐year growth rate of retail sales based unemployed divided by the labor force. 1 Annual Net Job Gains (000s) Average year‐over‐year net increase in payroll employment based on latest three months of data. 2 Sales‐Use Taxes Year‐over‐year growth rate of all sales and Hits: 12 |
House_Appropriations_Committee_Response_Letter_2022.pdfrequested data on job loss and recovery by race. The U.S. Census Bureau’s Quarterly Workforce Indicators reports quarterly employment figures by state and various demographic characteristics. The attached table summarizes the latest data for Pennsylvania employment by race and gender. The data show that the COVID-19 pandemic had a disparate impact on employment by race Hits: 12 |
Econ_Budget_Outlook_Hearing_Response_Letter_02_2023.pdfinto industry detail. As a result, we are unable to complete this request. Representative Klunk requested detailed college and university employment data by type of institution. Slide eight of the presentation contains State and Metro Area Employment (SAE) data from the U.S. Bureau of Labor Statistics (BLS) Current Employment Statistics (CES). These data are updated frequently Hits: 12 |
PBB_2023_EO_REPORT.pdf12 The table above displays the number of and average salary for Commonwealth employees under the Governor’s jurisdiction by employment status category. Minority, female and veteran employees are itemized separately. In FY 2021-22, the average salary of Commonwealth employees declined by 1.8% during that time, due to contraction in the number of collective bargaining unit employees. While minority employment increased, the number of female employees and those with military veteran status declined, solely in the collective bargaining positions. Non- Hits: 11 |
PBB_2021_PennDOT_REPORT_ADDENDUM.pdf5 National Transit Database, calculations by the IFO using manufacturing year and useful life benchmarks. 3 Calculations by the IFO. Employment and service population data are from PennDOT Annual Performance Reports. Activity 6: Large Urban Public Transit | Page 33 SEPTA Annual and those with disabilities) are provided reliable options to access life sustaining activities (e.g., grocery trips, medical appointments and employment). This includes shared-ride trips for individuals with disabilities and the elderly, and the free senior rides program that uses Hits: 11 |
Monthly_Economic_Update_March_2023.pdfEmployment Measures Post Strong Gains in January 2023 This economic update uses recent state labor market data to assess whether the tracked for this update are as follows: • Change in Payroll Jobs (Establishment Survey) The month-to-month change in payroll employment (excludes self-employed) based on total number of jobs. Payroll employment increased by 14,800 jobs in January from the Hits: 11 |
Monthly_Economic_Update_April_4_2023.pdffor this update are as follows: Change in Payroll Jobs (Establishment Survey) The month-to-month change in payroll employment (excludes self-employed) based on total number of jobs. Preliminary payroll employment increased by 5,600 jobs in February from the prior month, nearly identical to the pre-COVID average monthly gain Hits: 11 |
Budget_Hearing_Background-Feb2014.pdfTable of Contents Independent Fiscal Office Overview 1 IFO Reports and Analyses 2 Published Revenue Estimates 3 The Pennsylvania Economy Employment 4 Employment – Job Gains / Losses 5 Inflation and Gasoline Prices 6 Consumer Debt 7 General Fund Revenues Sales and Use Tax – Nonmotor Hits: 11 |
Response-Letter-10-7-2019.pdffrom Table 2.6 of the report. The top portion of the table displays the number of workers who retain employment and their incremental wage gains from moving the minimum wage rate to $12.00 per hour. The analysis estimates that 12.00 per hour (referred to as “directly affected” workers in the analysis) would receive a higher wage and retain employment. The analysis assumed that another 826,000 indirectly-affected workers earning between $12.00 and $14.99 would also receive Hits: 10 |
MTR-2017-06.pdf2.5% 1.6% 42.4% Dollar amounts are in millions. SERVICE SECTOR DRIVES JOB GAINS The Quarterly Census of Employment and Wages (QCEW), issued by the U.S. Bureau of Labor Statistics, publishes quarterly data on employment and wages by sector, as reported by employers. In June, state data were released for the fourth quarter of 2016 Hits: 10 |
Monthly_Economic_Update_January_2023.pdffor this update are as follows: Change in Payroll Jobs (Establishment Survey) The month-to-month change in payroll employment (excludes self-employed) based on total number of jobs. Payroll employment increased by 17,000 jobs in December from the prior month and continues to surpass the pre-COVID average monthly Hits: 10 |
MER-2014-09.pdfof individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in monthly payroll employment based on latest three months of data. 2 Advance Retail Sales Year‐over‐year growth rate of retail sales based unemployed divided by the labor force. 1 Annual Net Job Gains (000s) Average year‐over‐year net increase in payroll employment based on latest three months of data. 2 Sales‐Use Taxes Year‐over‐year growth rate of all sales and Hits: 10 |
IFO_Testimony_Min_Wage_Feb_16_2021.pdfwould be happy to answer any questions that you may have. Independent Fiscal Office 3 February 2021 2020 PA Payroll Employment: Change From Prior Year Number (000s) Percent Apr Aug Dec Apr Aug Dec Total -1,062 -502 -472 -17.5% seasonally adjusted. December data are preliminary. Excludes self-employed. Source: U.S. Bureau of Labor Statistics, State and Metro Area Employment. 2020 PA Payroll Employment: Change from Prior Year Independent Fiscal Office 4 February 2021 Subsector Detail: PA Employment Change From Hits: 10 |
IFO_Hearing_Packet_Feb2018.pdfPublications 1 Summary of IFO Expenditures 4 Economics and Demographics U.S. Economic Trends 5 Pennsylvania Economic Trends 6 Pennsylvania Employment Gains and Losses 7 Pennsylvania Income Sources 8 State Metric Comparison 9 Pennsylvania Demographic Trends 10 State Migration Comparison 11 are preliminary. Consumer and student loan debt are per capita, and data for 2017 are through third quarter. 6 PA Employment Gains and Losses by Sector Change (000s) Sector 2007 2012 2017 2007-12 2012-17 Mining 21.1 37.0 Hits: 10 |
Senate_Appropriations_Committee_Response_Letter_2021.pdfage women have departed the labor force since the onset of the COVID-19 pandemic and are not currently seeking employment. Since February 2020, the labor force participation rate for both men and women has fallen by 2.0 percentage points the labor force than men in the U.S. If none had exited the labor force but were instead seeking employment, the unemployment rates for both men and women would be roughly 9.0%. April 6, 2021 Page 2 Single month Hits: 9 |
PBB_2020_DOH_REPORT_Final_Update.pdf14 licenses for new products generated by the program between 2001 and 2014. Since FY 2014-15, Pennsylvania employment related to health research and med- ical science has increased 38 percent. Therefore, the injection of federal funds into the state economy 0 -- -- # Licenses 4 -- 1 0 1 -- -- # Grant projects receiving unfavorable rating 5 0 7 5 2 -- Statewide Indicators Employment in health research/medical science 5 5,780 6,840 6,750 7,690 7,970 -- Location quotient of health research employment Hits: 9 |
MTR-2016-01.pdfDollar amounts are in millions. 2015 JOBS SURPASS 2007 LEVELS Calendar year 2015 marks the first year that Pennsylvania payroll employment surpassed its pre-recession level. Preliminary data for 2015 reveal average employment of 5.84 million payroll jobs, 43,000 higher than 2007. The underlying detail reveals very different trends across sectors Hits: 9 |
2013 Appropriation Hearings Background Information.pdfContents Independent Fiscal Office Overview 1 Published Revenue Estimates 2 Major Federal Tax Changes for 2013 3 The Pennsylvania Economy Employment 4 Inflation and Gasoline Prices 5 Consumer Debt and Student Loan Debt 6 General Fund Revenues Sales and Use Tax Dividends -$0.55 billion ACA Provisions on High Income -$0.75 billion TOTAL -$7.70 billion 4 The Pennsylvania Economy - Employment • In February 2010, Pennsylvania employment was 255,100 below its pre-recession peak. Employment has recovered somewhat since then, but Hits: 9 |
TC_2021_Entertainment_Economic_Enhancement_Program.pdfpurpose of the EEEP as follows: Goals ▪ Increase the number of rehearsals and concerts that take place in Pennsylvania. ▪ Encourage employment growth in the music and entertainment related industries. ▪ Expand Pennsylvania’s market share of national employment in this industry. Purpose ▪ Expand economic activity in the live entertainment and related sectors and bolster the purchase of local Hits: 8 |
MTR-2016-10.pdfpaid to all employees in the state, it is useful to decompose it into two parts: (1) the growth in employment, or number of jobs (full and part-time, orange bars) and (2) the growth in the average annual wage (blue bars) paid to workers. During the prior expansion, employment increased at an average rate of 0.8% per annum, or nearly 50,000 jobs. With the exception of 2013 Hits: 8 |
Monthly_Economic_Update_September_2022.pdfPA Payroll Employment Gains Moderate; New UI Claims Remain Low The latest poll of economic forecasters shows that one-half project the US for this update are as follows: • Change in Payroll Jobs. The (seasonally adjusted) month-to-month change in total payroll employment (excludes self-employed). Payroll employment increased by 7,000 jobs in August from the prior month and is now similar Hits: 8 |
Monthly_Economic_Update_February_2021.pdfPossible reasons for stronger than expected cigarette and tobacco sales include: increased stress, unregulated breaks and remote working. Pennsylvania Private Employment Fell 14.6% in 2020 Q2 The U.S. Bureau of Labor Statistics released the Business Employment Dynamics for 2020 Q2. This reports gross private sector job gains and losses due to business expansion or contraction between Hits: 8 |
Monthly_Economic_Update_August_2022.pdfPA Employment Gains Remain Strong, But Job Openings Decline Since the release of June CPI-U data, many analysts believe there is for this update are as follows: • Change in Payroll Jobs. The (seasonally adjusted) month-to-month change in total payroll employment (excludes self-employed). July payroll employment increased over the prior month and the change in payroll jobs remains well above Hits: 8 |
Budget_Hearing_Background_Feb2016.pdfU decreased by ‐0.1% in 2015 (annual average); the Pittsburgh CPI‐U increased by 0.7%. All sectors recorded employment expansion in 2015, except local government (generally school districts). Annual Growth Rate 2006 2007 2008 2009 2010 2011 2012 2013 0.7% 1.6% Annual Average Change (000s) 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Payroll Employment 55.3 42.2 1.5 ‐183.9 5.1 64.8 40.3 14.7 45.8 54.8 Hits: 8 |
TC_2023_PA_Resource_Manufacturing.pdfand Purpose ........................................................................................................................ 5 Administration .............................................................................................................................. 6 State Comparison ...................................................................................................................... 7 Economic Impact ...................................................................................................................... 9 Petrochemical Industry ................................................................................................................. 9 Determining the Economic Impact ............................................................................................... 11 Projected Employment ................................................................................................................ 12 Key Findings from Petrochemical Industry Studies ......................................................................... 13 Tax Credit Plan ........................................................................................................................ 15 General Findings ........................................................................................................................ 15 Specific Recommendations .......................................................................................................... 16 Key Decision plant in state, this provision helps to ensure that the Commonwealth recoups the substantial investment made in this industry. Projected Employment Table 4.1 provides examples of the amount of PRM tax credits that would be generated at various levels of Hits: 7 |
TC_2021_Keystone_Special_Development_Zones_Update.pdfthat each employee for which the credit is being claimed is a qualified KSDZ employee. o Completed, signed and notarized Employment Affidavit confirming employment numbers. o Spreadsheet for all employees (exempt and non-exempt) for which the KSDZ Tax Credit is claimed with names Hits: 7 |
Senate_Appropriations_Committee_Response_Letter_2023.pdfof parents, especially women. Some recent findings are as follows: ▪ A paper published by the W.E. Upjohn Institute for Employment Research found “that a 10 percent increase in child and dependent care tax credit (CDCC) benefits increases annual paid child subsidies for childcare and universal preschool: “On average, both expanded subsidies for child care and universal preschool would probably increase employment of parents who would be eligible for subsidized child care on the basis of their income under current law.” 4 Hits: 7 |
Revenue_Estimate_2022_06.pdfresidents increases by 7.7% (2022) and 5.5% (2023) (excludes compensation earned by self-employed and independent contractors). ▪ Payroll Employment expands by 135,000 (2022, annual average) and 30,000 (2023) net jobs (ex- cludes self-employed and independent contractors age groups, but is relatively stronger for workers under age 35. 2 2 See “Is the Student Loan Moratorium Affecting Employment?” (March 2022) at http://www.ifo.state.pa.us/down- load.cfm?file=Resources/Documents/RB_2022_03_Student_Loan.pdf. 2021.1 2021 Hits: 7 |
Revenue_Estimate_2022_05.pdfresidents increases by 7.8% (2022) and 5.5% (2023) (excludes compensation earned by self-employed and independent contractors). ▪ Payroll Employment expands by 130,000 (2022, annual average) and 40,000 (2023) net jobs (ex- cludes self-employed and independent contractors tax credits provides nearly $400 million to Pennsylvania residents in CY 2022. 2 See “Is the Student Loan Moratorium Affecting Employment?” (March 2022) at http://www.ifo.state.pa.us/down- load.cfm?file=Resources/Documents/RB_2022_03_Student_Loan.pdf. 2021.1 2021 Hits: 7 |
PBB_2023_DDAP_REPORT.pdfnext page. 17-18 18-19 19-20 20-21 21-22 22-23 Statewide Indicators PA MH and SUD employment 1,2 35,319 37,048 37,097 34,057 31,640 -- PA drug overdose death rates per 10,000 of alcohol- and drug-related deaths may indicate the need for services exceeds available resources at the local level. Commonwealth employment related to mental health and substance abuse services declined from 35,300 in 2017 to 31,600 in 2021 (-10% Hits: 7 |
PASBO_Presentation_March_16_2023.pdfwe? ▪ Latest data: jobs, inflation, labor market ▪ Focus: labor market and demographics ▪ Focus: inflation and wages II Statewide Public School Employment, Payroll and Wages ▪ COVID jobs contraction ▪ Real Average Weekly Wage contracts III Act I Index Outlook ▪ Statewide Average Weekly Wage (SAWW) remains elevated ▪ Significant and sudden jump in Employment Cost Index (ECI) March 16, 2023 1 “Why the Recession is Always Six Months Away” March 16, 2023 2 March Hits: 7 |
Official-Revenue-Estimate-2018-06.pdfpaid to Pennsylvania residents will increase by 4.3 percent (2018) and 4.2 percent (2019). Payroll Employment will expand by 62,500 (2018) and 57,000 (2019) net jobs. Table 1.2 (next page) compares the economic forecast used 8% 2.2% Wages and Salaries 3.8% 4.1% 1.3% 3.3% 4.3% 4.2% Employment Gains (000s) 48.0 47.3 50.0 62.9 62.5 57.0 Source: U.S. Bureau of Economic Analysis and Hits: 7 |
MTR-2015-08.pdfbank deposits have increased at roughly the same pace as the Pennsylvania economy. However, due in part to consolidation, industry employment has contracted by roughly 6,000 payroll jobs from 2006 to 2014. Preliminary data through June 2015 indicate a further 000 payroll jobs. Currently, the banking industry (defined as depository credit intermediation) comprises 1.3 percent of total Pennsylvania payroll employment. The Federal Reserve’s capital requirements will continue to increase under the international agreement known as Basel III. Under this Hits: 7 |
Monthly_Economic_Update_October_2022.pdfthis update are as follows: Change in Payroll Jobs. The (seasonally adjusted) month-to-month change in total payroll employment (excludes self-employed). September payroll employment increased by 12,000 jobs over the prior month and continues to surpass the pre-COVID average monthly gain. Hits: 7 |
Monthly_Economic_Update_October_2020.pdfrate of +35.3% for 2020 Q3 U.S. GDP based on available economic data for the third quarter. Pennsylvania Employment Expands 1.2% in September The U.S. Bureau of Labor Statistics recently released monthly state employment data. For September, Pennsylvania payroll employment grew by 1.2% (68,000 jobs) from August but declined by -7.8% Hits: 7 |
Monthly_Economic_Update_November_2022.pdffor this update are as follows: • Change in Payroll Jobs. The (seasonally adjusted) month-to-month change in total payroll employment (excludes self-employed). Payroll employment increased by 10,400 jobs in October from the prior month and continues to surpass the pre-COVID average monthly Hits: 7 |
Monthly_Economic_Update_December_2022.pdffor this update are as follows: • Change in Payroll Jobs. The (seasonally adjusted) month-to-month change in total payroll employment (excludes self-employed). Payroll employment increased by 10,400 jobs in November from the prior month and continues to surpass the pre-COVID average monthly Hits: 7 |
Monthly_Economic_Update_April_2020.pdfPennsylvania March Jobs Growth Flat The U.S. Bureau of Labor Statistics recently released March employment data for Pennsylvania. Year-over-year total non-farm employment growth was essentially flat (0.1%, 6,200 jobs, not seasonally adjusted). The transportation-utilities (2.8%), financial activities (2 Hits: 7 |
MER-2013-11.pdfnumber of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in payroll employment based on latest three months of data. 2 Advance Retail Sales Year-over-year growth rate of retail sales based number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in payroll employment based on latest three months of data. 2 Sales-Use Taxes Year-over-year growth rate of sales taxes based Hits: 7 |
jackson ppt.pdfform without prior written consent. 2010 2011 2012 2013 Industrial Production 5.3 4.1 2.8 2.9 Payroll Employment -0.7 1.0 1.2 1.6 Light-Vehicle Sales (Millions) 11.6 12.8 13.5 14.7 presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent. (Percent change, annual rate) US Employment Will Gradually Recover, Reaching a New Peak in Late 2014 6 © 2012, IHS Inc. No portion of this presentation may Hits: 7 |
Initial-Revenue-Estimate-2018-05.pdfpaid to Pennsylvania residents will increase by 4.3 percent (2018) and 4.2 percent (2019). Payroll Employment will expand by 62,500 (2018) and 57,000 (2019) net jobs. Table 1.2 (next page) compares the economic forecast used 8% 2.2% Wages and Salaries 3.8% 4.1% 1.3% 3.3% 4.3% 4.2% Employment Gains (000s) 48.0 47.3 50.0 62.9 62.5 57.0 Source: U.S. Bureau of Economic Analysis and Hits: 7 |
Budget Hearings Packet.pdfto accelerate. 6 Gasoline prices have recovered from a decade low. Stock markets achieve steady gains. 7 Pennsylvania economic and employment growth slower than U.S. and adjacent states. 8 Demographic Outlook From 2015 to 2025, the Pennsylvania working age population 1.7% Wages and Salaries 3.9% 3.7% 1.8% 3.9% 4.0% 2.5% 3.3% Payroll Employment (000s) 64.7 39.9 14.7 47.6 48.6 43.5 50.0 Philadelphia CPI-U 2.7% Hits: 7 |
Budget Hearings Packet- Web Version.pdfto accelerate. 6 Gasoline prices have recovered from a decade low. Stock markets achieve steady gains. 7 Pennsylvania economic and employment growth slower than U.S. and adjacent states. 8 Demographic Outlook From 2015 to 2025, the Pennsylvania working age population 1.7% Wages and Salaries 3.9% 3.7% 1.8% 3.9% 4.0% 2.5% 3.3% Payroll Employment (000s) 64.7 39.9 14.7 47.6 48.6 43.5 50.0 Philadelphia CPI-U 2.7% Hits: 7 |
2013-06 Monthly Economic Summary - FINAL.pdfnumber of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in payroll employment based on latest three months of data. 2 Advance Retail Sales Year-over-year growth rate of retail sales based number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in payroll employment based on latest three months of data. 2 Sales-Use Taxes Year-over-year growth rate of sales taxes based Hits: 7 |
2007_divestment_complete_report.pdfXII . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 407 “Governor Rendell Helps Break Ground on Westinghouse Nuclear Headquarters” News Release: August 14, 2007 – Appendix XIII . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 411 Pennsylvania Employment Impact – Appendix XIV . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 415 “Should Public Plans Engage in Social Investing?” Center for Retirement Research at Boston College August 2007 owned firms in Pennsylvania are in the manufacturing industry and account for nearly 12% of the Commonwealth’s total manufacturing employment. Because it is based on the SDTF model, House Bill Number 1140 is intended to target non-U.S. companies Hits: 7 |
TC_2023_Manufacturing.pdfdepending on the state). Each state program has its own requirements for minimum qualified wages and increases in payroll or employment. The annual program caps range from $4 million in Pennsylvania to $25 million in Oklahoma. This analysis examined available data to 5.00%). Each state program has its own requirements for minimum qualified wages and minimum increases in payroll or employment. The annual program caps range from $4 million in Pennsylvania to $25 million in Oklahoma. The final section of this Hits: 6 |
RB 2019 RACP.pdfto, projects that: o have a regional or multi-jurisdictional impact; o generate substantial increases or maintain current levels of employment, tax revenues or other measures of economic activity; o do not obtain primary funding through other state programs; and o economy, then those impacts would also need to be estimated. Other multipliers can be used to estimate potential short-term employment impacts attributable to the new investment. The employment figures include new direct jobs generated from the grant (e.g., construction Hits: 6 |
PASBO_March_17_2021.pdf2.0% 4.0% 6.0% 8.0% March 17, 2021 single-year Avg Annual Wage Philadelphia CPI-U payroll employment 2002 to 2008 Avg Wage +3.6% CPI-U +3.2% 2010 to 2019 Avg Wage +2.6% CPI-U Number Change (000s) YOY Percent Change Apr 20 Aug 20 Jan 21 Apr 20 Aug 20 Jan 21 PA Payroll Employment -1,099 -519 -460 -18.1% -8.6% -7.7% Construction -98 -19 -13 -37.9% -6.8% -5.3% Hits: 6 |
MTR-2016-11.pdfGrowth 1.5% 1.6% -4.5% Dollar amounts are in millions. NATURAL GAS DRILLING JOBS DECLINE AS PRODUCTION INCREASES Employment in the natural gas industry has been declining in Pennsylvania in recent years. Data from the Quarterly Census of Employment and Wages 1 show a significant reduction in natural gas drilling jobs through the first quarter of 2016. Conversely, data Hits: 6 |
MSC_March_31_2021.pdfHit Hardest 8 YOY Number Change (000s) YOY Percent Change Apr 20 Feb 21 Apr 20 Feb 21 PA Payroll Employment -1,099 -441 -18.1% -7.3% Construction -98 -10 -37.9% -4.1% Manufacturing -85 -33 -14.7% -5 YOY is year-over-year. Excludes self-employed. Source: U.S. Bureau of Labor Statistics, CES State and Metro Area Employment. March 31, 2021 IFO Forecast: 6 Years Needed for Full PA Jobs Recovery March 31, 2021 9 Reasons Why Lost Hits: 6 |
Monthly_Economic_Update_July_2022.pdfPennsylvania Employment Gains and Labor Demand Remain Strong Since the release of June CPI-U data last week, many analysts now believe and recent trends are as follows: Change in Payroll Jobs. The change from month-to-month in total payroll employment (excludes self- employed). Prior to COVID, the state economy averaged a net gain of roughly 5,000 payroll jobs per Hits: 6 |
Lancaster_Chamber_Presentation_ Oct_6_2021.pdfForecast by IFO. permanent job loss PA Payroll Jobs Still Far Below Pre-Pandemic Level October 6, 2021 3 Payroll Employment (000s) Year-Over-Year Change Aug 2019 Aug 2021 Number Percent Total Payroll Employment (000s) 6,049 5,731 -319 -5.3% Construction 275 258 -18 -6.4% Manufacturing 577 552 -25 -4.3% Hits: 6 |
Labor_Market_Update_Aug_2021.pdfthe healthcare sector increased, largely due to continued weakness in the nursing home and residential care subsector. Through July 2021, employment in that subsector is down 24,500 from its pre-pandemic level. Unlike nearly all other subsectors, the subsector continues 5% for PUA. Continued on next page. Labor Market Update August 2021 May June July May June July Total Payroll Employment -432.3 -389.1 -362.5 44.8 28.5 -15.8 Construction -18.3 -23.1 -24.5 3 Hits: 6 |
Five_Year_Outlook_Presentation_2021.pdfLifestyle change Early retirements Labor Force = Employed + Unemployed Who Stopped Working? Not Just the Elderly November 15, 2021 7 PA Employment / Population Ratio by Age Group 62.9% 73.4% 77.1% 74.8% 61.2% 49.8% 64.8% 69 employed. Source: U.S. Bureau of Economic Analysis and U.S. Bureau of Labor Statistics. Forecast by IFO. Pennsylvania Payroll Employment Still Lags November 15, 2021 9 Number (000s) 2-Year Change Sept 2019 Sept 2021 Number Percent Payroll Employment 6 Hits: 6 |
Economic_and_Revenue_Update_2020.pdfMaterials Included Independent Fiscal Office Overview ........................................................................................................ 1 IFO Expenditures and Allocation of Staff Resources ......................................................................... 4 Pennsylvania Economic Trends ................................................................................................................. 5 PA Employment Gains and Losses by Sector ....................................................................................... 6 State Metric Comparison ............................................................................................................................ 7 Pennsylvania Demographic Snapshot .................................................................................................... 8 Most PA Job Gains to Age 2020 are forecasts by IFO. UE is unemployment. Net Jobs Gains excludes independent contractors, self-employed and military. 6 PA Employment Gains and Losses by Sector Share of Sector 2017 2018 2019 Jobs Mining 1.7 1.9 0.9 0 Hits: 6 |
2013-10 Monthly Economic Summary.pdfnumber of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in payroll employment based on latest three months of data. 2 Advance Retail Sales Year-over-year growth rate of retail sales based number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in payroll employment based on latest three months of data. 2 Sales-Use Taxes Year-over-year growth rate of sales taxes based Hits: 6 |
index.cfms budget hearing before the House Appropriations Committee. The question relates to the impact of the COVID-19 pandemic on employment by race. ... (Full Report) Corporate Net Income Tax Proposals Economics and Other March 15, 2022 The IFO responded to a highlights for the Pennsylvania Department of Education is posted on the website. ... (Full Report) Is the Student Loan Moratorium Impacting Employment? Economics and Other March 08, 2022 The federal student loan moratorium enters its third year. The IFO posted a research Hits: 6 |
Senate_Maj_Policy_Comm_April_13_2021.pdfon Pennsylvania Leisure and Hospitality Sector Senate Majority Policy Committee April 13, 2021 Year-Over-Year Change in PA Payroll Employment (000s) 2 YOY Number Change (000s) YOY Percent Change Apr 20 Feb 21 Apr 20 Feb 21 PA Payroll Employment -1,099 -441 -18.1% -7.3% Construction -98 -10 -37.9% -4.1% Manufacturing -85 -33 -14.7% -5 Hits: 5 |
Roundtable_Jan_24_2023.pdfOct Dec-22 food at home (8%) all items durables (11% of CPI) annual growth Philadelphia CPI-U Pennsylvania Payroll Employment: Change from Nov 2019 January 24, 2023 7 Number (000s) Percent Sector Nov 2021 Nov 2022 Nov 2021 Nov 2022 Payroll Employment (000s) -262 -69 -4.3% -1.1% Construction -7 -4 -2.7 -1.5 Manufacturing -25 -4 -4.3 -0 Hits: 5 |
Revenue-Estimate-2020-05-Presentation.pdfn.a. Child Care 3.5 3.1 1.2 -31.6 3.1 2.5 0.8 -40.8 Employment Services 0.7 -0.1 -1.2 -27.5 -5.5 -7.0 -10.3 -24.3 Couriers and Messengers not seasonally adjusted. April data are preliminary. Does not include self-employed. Source: U.S. Bureau of Labor Statistics, Current Employment Statistics and State and Area Employment. Annual Change in Payroll Jobs (000s) May 26, 2020 9 2018 2019 2020 Construction Hits: 5 |
RB_2023_02_ChildCare.pdfof affordable child care options for working families, as the child care industry has yet to revert to pre-pandemic employment levels. In June 2020, industry payroll employment (excludes self-employed individuals) had contracted by approximately 30% (-13,800, excludes government entities) compared to December 2019 (see figure Hits: 5 |
RB_2022_12_Worker_Reduction_By_Age.pdfAn alternative data source is the Quarterly Workforce Indictors (QWI) published by the U.S. Census Bureau, which includes state employment data by age group. The QWI is a longitudinal dataset based on administrative records such as tax returns and quarterly filings by firms in the Unemployment Insurance system. The database includes approximately 90% of payroll employment, but excludes self-employed. The latest QWI data show that Pennsylvania payroll jobs declined by 151,000 (-3.0%, see Hits: 5 |
PICPA_Presentation.pdfEconomic Analysis, U.S. Bureau of Labor Statistics, U.S. Energy Information Admin., Federal Housing Finance Agency. Change in Payroll Employment (000s) June 7, 2017 12 2014 2015 2016 2017 Mining 1.7 -3.8 -9.0 -3.2 Construction 4 tax and minimum wage increase. Gas prices recently recover. Will it last? Minimum wage: higher incomes vs. lower employment. The Outlook in February 2017 June 7, 2017 16 2015-16 2016-17 2017-18 Growth Beginning Balance $275 $2 Hits: 5 |
PBB_2022_DHS_REPORT_ADDENDUM.pdfthis activity is to ensure low-income, working families have access to quality child care and support the maintenance of employment for families. 4 2019 Child Care Market Rate Survey Report. See: https://www.dhs.pa.gov/Services/Children/Docu- ments pardon and other services for TANF and SNAP-eligible individ- uals whose criminal backgrounds have hindered their ability to secure employment. The goal is to provide legal services to individuals who may not otherwise be able to afford them. 16-17 Hits: 5 |
Monthly_Economic_Update_July_2020.pdfto 13.0 Percent in June On July 17, the U.S. Bureau of Labor Statistics released the June state employment/unemployment report. The percent of Pennsylvania’s labor force that is unemployed (seasonally adjusted) fell to 13.0% from 13 force. The unemployment rate continues to decline from a record high of 16.1% in April 2020. Pennsylvania nonfarm-payroll employment grew by an estimated 231,500 jobs (4.5%) since May. When compared to June 2019, nonfarm-payroll employment fell Hits: 5 |
Monthly_Economic_Update_January_2021.pdfarticle from the Wall Street Journal finds that the pandemic is exacerbating an ongoing teacher shortage, as nationwide public school employment fell to its lowest level since 2000. In Pennsylvania, education jobs at all levels and across both the public and professional schools recorded similar job losses as students moved to remote learning or delayed admission in response to the pandemic. Employment in this subsector fell 17.1% (-31,300) over the prior year. Private elementary and secondary school employment, which has Hits: 5 |
Five_Year_Outlook_Presentation_2022.pdfcontractors. Source: U.S. Bureau of Economic Analysis and U.S. Bureau of Labor Statistics. Forecast by IFO. Pennsylvania Payroll Employment Still Lags November 15, 2022 9 Number (000s) 3-Year Change Sector Sept 2019 Sept 2022 Number Percent Payroll Employment (000s) 6,096 6,011 -85 -1.4% Construction 273 265 -8 -2.9 Manufacturing 572 564 -8 -1.4 Hits: 5 |
2004_srpvffinal.pdfretirement is defined or fixed, generally by law or ordinance, while the contributions to be made over the period of employment are variable based on the experience of the pension fund. In a “defined contribution” (DC) plan, the contributions to be made over the period of employment are defined, while the pension benefit to be provided at retirement is variable based on the experience of the pension Hits: 5 |
TC_2022_Brewers.pdfexpanded rapidly to 86,670 (15.7% average growth per annum) and $3.9 billion (7.2%). 9 For Pennsylvania, employment was 3,643 staff and total wages paid were $154 million in 2019. Both metrics comprise roughly 4% of the reported nearly all total production. 8 The data are from the U.S. Bureau of Labor Statistics’ Quarterly Census of Employment and Wages (QCEW). Although data for 2020 are available, they are not used due to the impact of the COVID- Hits: 4 |
Revenue_Estimate_2023_06.pdfexcludes compensa- tion paid to independent contractors). The IHS Markit forecast projects stronger wage growth for both years. Payroll Employment expands by 90,000 (CY 2023, annual average) and 5,000 (CY 2024) net jobs. The IHS Markit forecast projects For 2019 Q2, the unemployment rate was 4.2% and the labor force participation rate was 63.1%. Pennsylvania Payroll Employment Table 1.4 . compares payroll jobs data from May 2023 to May 2019 (pre-pandemic). Total payroll jobs now exceed Hits: 4 |
Revenue-Estimate-2023-05.pdfexcludes compensa- tion paid to independent contractors). The IHS Markit forecast projects stronger wage growth for CY 2023. Payroll Employment expands by 80,000 (CY 2023, annual average) and 24,000 (CY 2024) net jobs. The IHS Markit forecast projects For April 2019, the unemployment rate was 4.4% and the labor force participation rate was 63.0%. Pennsylvania Payroll Employment Table 1.4. compares payroll jobs data from March 2023 to March 2019 (pre-pandemic). Total payroll jobs now exceed Hits: 4 |
RB-2020-COVID-19 Local Revenue Impact.pdfbased on actual county-level data from the U.S. Bureau of Labor Statistics (BLS) from the Quarterly Census of Employment and Wages (QCEW) for that quarter. For the entire state, wages grew by 4.5 percent in 2019 Q4 from 2020 Q2 wage growth for each county based on (1) May statewide job loss data by sector, (2) county specific employment and wages paid by sector (CY 2019), (3) total unemployment compensation (UC) payments for 2020 Q2 by county and (4 Hits: 4 |
PBB_2022_PDE_REPORT_Amended.pdfwith the federal Workforce Innovation and Opportunity Act (WIOA), provide adult edu- cation programs that result in improved wage and employment outcomes. 16-17 17-18 18-19 19-20 20-21 21-22 Actual Actual Actual Actual Actual Budget Expenditures for key outcome measures defined in the federal Workforce Innovation and Opportunity Act (WIOA). These outcomes measures focus on participant employment rates and median wages after program exit as well as measurable skill gains. Student enrollment in the state-re- lated Hits: 4 |
Official-Revenue-Estimate-2020-06-Presentation.pdfn.a. Child Care 3.1 -0.4 -33.1 -29.0 2.5 0.8 -43.5 -28.3 Employment Services -0.1 -1.1 -27.4 -26.0 -7.0 -10.3 -26.1 -22.5 Couriers and Messengers not seasonally adjusted. May data are preliminary. Does not include self-employed. Source: U.S. Bureau of Labor Statistics, Current Employment Statistics and State and Area Employment. Annual Change in Payroll Jobs (000s) June 22, 2020 9 2018 2019 2020 Construction Hits: 4 |
MTR-2016-06.pdfhealthy; however, the release of state economic data typically lags national sources. One timely indicator of the state economy is employment growth, which remains solid. Based on data from the first five months of the year, the state is on pace S. Additional data are necessary to evaluate the implications of recent economic trends. The release later this month of June employment growth and second quarter GDP will provide key insights to the U.S. economic outlook. June 2016 Monthly Trends Report Hits: 4 |
MTR-2016-03.pdfeconomy. For 2015, the only sector to contract was the mining sector (-6.7%), largely due to a reduction in employment from a decline in natural gas drilling activity. Healthcare-social services was the largest sector (13.8% of total), and 0% growth). Some mid-sized sectors recorded stronger earnings gains (e.g., construction and professional services) due to above- average employment expansions. For General Fund revenues, the wages- salaries component of gross earnings is a crucial series since it motivates personal Hits: 4 |
Monthly_Economic_Update_May_2021.pdfdata from the monthly job openings and labor turnover survey (JOLTS). The job openings rate (number of job openings / (total employment + job openings)) measures the availability of employment and the share of those openings that are filled. For the Northeast region, the job openings rate climbed to 5 Hits: 4 |
Monthly_Economic_Update_March_2021.pdfbut it is not the only measure of price changes in the economy. PA Adds 35,700 Jobs in January, Employment Down 455,000 from Prior Year On March 15, the U.S. Bureau of Labor Statistics released the January state employment report. On a seasonally adjusted basis, the largest job gains occurred in the education sector (excludes elementary and secondary school Hits: 4 |
IFO_PASBO_Presentation_Nov_2021.pdfLifestyle change Early retirements Labor Force = Employed + Unemployed Who Stopped Working? Not Just the Elderly November 16, 2021 4 PA Employment / Population Ratio by Age Group 62.9% 73.4% 77.1% 74.8% 61.2% 49.8% 64.8% 69 employed. Source: U.S. Bureau of Economic Analysis and U.S. Bureau of Labor Statistics. Forecast by IFO. Pennsylvania Payroll Employment Still Lags November 16, 2021 6 Number (000s) 2-Year Change Sept 2019 Sept 2021 Number Percent Payroll Employment 6 Hits: 4 |
IFO_Hearing_Packet_Feb2019.pdfFund Financial Statement Comparison .............................................................. 4 Reconciling FY 2019-20 Ending Balance: Executive Budget vs IFO ....................... 5 Economic Trends .......................................................................................................................... 6 PA Employment Gains and Losses by Sector .................................................................... 7 State Metric Comparison ........................................................................................................... 8 Pennsylvania Demographic Snapshot ................................................................................. 9 Pennsylvania Demographic Trends .................................................................................... 10 State Domestic which uses value as of February 7. S&P 500 Index (Dec level) uses average level for December. 7 PA Employment Gains and Losses by Sector Sector 2008 2013 2018 2008-13 2013-18 Mining 22.2 36.0 28.9 Hits: 4 |
IFO_Hearing_Materials_March_2023.pdf0.2 Labor Force Participation Rate 63.1 62.0 61.4 61.9 -1.1 -1.7 -1.2 Employment / Population Ratio 59.8 56.7 58.1 59.2 -3.1 -1.7 -0.6 Pennsylvania Labor Market Note S. Bureau of Labor Statistics. Independent Fiscal Office 5 March 2023 Change Jan 2020 Jan 2023 Number Percent Total Payroll Employment (000s) 5,996 5,987 -9 -0.2% Construction 245 248 4 1.5 Manufacturing 569 564 -5 -0.8 Hits: 4 |
Five_Year_Outlook_2020_Presentation_Final.pdfThen Decelerate January 21, 2021 7 YOY Number Change (000s) YOY Percent Change April Aug Nov April Aug Nov Total Employment -1,062 -502 -455 -17.5% -8.3% -7.4% Construction -104 -16 -7 -40.1% -6.0% -2.7% YOY is year-over-year. Excludes self-employed. Source: U.S. Bureau of Labor Statistics, CES State and Metro Area Employment. Permanent Job Loss, But Some Subsectors Gain January 21, 2021 8 Number (000s) Change Nov 2019 Nov 2020 Number Percent Hits: 4 |
EPLC_3_4_2022_update.pdf0.1% Source: U.S. Census Bureau. Forecast by IFO. All Age Groups Working Less March 4, 2022 5 PA Employment / Population Ratio by Age Group 56.0% 72.6% 76.4% 74.9% 60.9% 50.2% 66.4% 70 employed. Source: U.S. Bureau of Economic Analysis and U.S. Bureau of Labor Statistics. Forecast by IFO. PA Payroll Employment March 4, 2022 9 Payroll Employment Levels Revert to 2007 5,500 5,600 5,700 5,800 5,900 Hits: 4 |
CompetePA_March_11_2021.pdfJobs: Change from Prior Year March 11, 2021 6 Number Change (000s) Percent Change Apr Dec Apr Dec Total Payroll Employment -1,062 -472 -17.5% -7.7% Construction -104 -5 -40.1% -2.1% Manufacturing -77 -35 -13.3% -6 YOY is year-over-year. Excludes self-employed. Source: U.S. Bureau of Labor Statistics, CES State and Metro Area Employment. IFO Forecast: 6 Years Needed for Full PA Jobs Recovery March 11, 2021 7 Reasons Why Lost Jobs Will Not Hits: 4 |
CNIT-Rate-Cut-2018-04.pdfyear is not included in this analysis. 15 A number of studies find that federal CNIT rate cuts would enhance employment and those studies also find that labor bears a significant portion of the CNIT burden. Potential employment impacts from state-level rate cuts are much more difficult to quantify. 16 The tax rate for Indiana declined to Hits: 4 |
2022_Mid_Year_Update.pdfGains (000s) June 2021 56 -438 100 80 -- Jan 2022 56 -463 116 80 65 Note: Job Gains for payroll employment only. Excludes self-employed. Source: Historical data from U.S. Bureau of Economic Analysis and U.S. Bureau of Labor 31, 2022 6 Change From 2019 (000s) Growth From 2019 Jun 21 Dec 21 Jun 21 Dec 21 Total Payroll Employment -337 -279 -5.5% -4.8% Construction -16 -17 -5.7 -7.0 Manufacturing -34 -17 -5.9 -3.0 Hits: 4 |
2013-09 Monthly Economic Summary-FINAL.pdfnumber of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in payroll employment based on latest three months of data. 2 Advance Retail Sales Year-over-year growth rate of retail sales based number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in payroll employment based on latest three months of data. 2 Sales-Use Taxes Year-over-year growth rate of sales taxes based Hits: 4 |
2012-07 Monthly Economic Summary10.pdfare from the US Department of Labor - Survey of Households. Monthly Net Job Gains (000s) Average net increase in payroll employment based on latest three months of data. Data are from the US Department of Labor - Survey of Establish- ments. Advance are from the US Department of Labor - Survey of Households. Monthly Net Job Gains (000s) Average net increase in payroll employment based on latest three months of data. Data are from the US Department of Labor - Survey of Establish- ments. Sales- Hits: 4 |
2000_cost_of_living_adjustments.pdfin compensation paid to all active employees of the applicable employer or the increase in compensation paid to a particular employment position. The most widely used measure of the change in the cost-of-living for retirement benefit recipients is the effect of inflation on the benefit recipients. It may also be based on the belief that the provision of other employment- related benefits is not reflected by the measure. The employment-related benefits frequently cited as justification for providing less than Hits: 4 |
SD_Prop_Tax_Update_Jun_2023.pdfsince FY 2008-09. This is due to very strong growth in the Statewide Average Weekly Wage (SAWW) and the Employment Cost Index (ECI). See the technical detail for a brief description regarding the computation of the index. 2022-23 2023- The base index is calculated by averaging the percentage increase in the Pennsylvania Statewide Average Weekly Wage (SAWW) and the Employment Cost Index (ECI) for elementary/secondary schools. The SAWW is reported by the Pennsylvania Department of Labor and Industry. The Hits: 3 |
SD_Property_Tax_Forecast_Nov_2021.pdfThe base index is calculated by averaging the percentage increase in the Pennsylvania statewide average weekly wage (SAWW) and the employment cost index (ECI) for elementary/secondary schools. 5 School districts with an aid ratio less than 0.4000 utilize the to very strong wage gains in CY 2021. 6 For the ECI, there are no available projections for education-specific employment costs, so the U.S. ECI for all private workers from IHS Markit is used, with adjustments by the IFO Hits: 3 |
SD-Property-Tax-Forecast-2020.pdfThe base index is calculated by averaging the percentage increase in the Pennsylvania statewide average weekly wage (SAWW) and the employment cost index (ECI) for elementary/secondary schools. 4 School districts with an aid ratio less than 0.4000 utilize the period in the baseline for computing the growth rate. For the ECI, there are no available projections for education- specific employment costs for Pennsylvania, so the general nationwide ECI projection from IHS Markit is used, with adjustments by the IFO. This Hits: 3 |
SD-Property-Tax-Forecast-2019.pdfThe base index is calculated by averaging the percentage increase in the Pennsylvania statewide average weekly wage (SAWW) and the employment cost index (ECI) for elementary/secondary schools. 4 School districts with an aid ratio less than 0.4000 utilize the period in the baseline for computing the growth rate. For the ECI, there are no available projections for education-specific employment costs, so the general ECI projection from IHS Markit is used, with adjustments by the IFO. This component of the Hits: 3 |
Revenue_Estimate_Presentation_2022_05.pdfCPI-U 2.0% 0.9% 4.0% 7.0% 4.5% 2.8% Note: Net Job Gains for payroll employment only. Excludes self-employed and independent contractors. Source: U.S. Bureau of Labor Statistics and U.S. Bureau of Economic 2022 6 Change From April 2019 Growth from April 2019 Apr 2021 Apr 2022 Apr 2021 Apr 2022 Total Payroll Employment (000s) -354 -153 -5.8% -2.5% Construction -6 -8 -2.3 -3.2 Manufacturing -38 -14 -6.5 -2 Hits: 3 |
Revenue_Estimate_2021_05_Presentation.pdf1% 6.7% 4.3% Home Price Index 5.1% 7.4% 11.9% -- Note: Net Job Gains for payroll employment only. Excludes self-employed and independent contractors. Home Price Index for 2021 is year-over-year gain for Q1 only 7 YOY Change (000s) YOY Growth Apr 20 Oct 20 Apr 21 Apr 20 Oct 20 Apr 21 Total Payroll Employment -1,099 -455 -447 -18.1% -7.4% -7.3% Construction -98 -16 -11 -37.9 -5.9 -4.2 Hits: 3 |
Revenue_and_Economic_Update_Presentation_2020_10.pdf29, 2020 2 Estimate Notes Lost Labor Income ($ billions) Wages-Salaries -$20.8 6% reduction vs no-pandemic scenario Self-Employment -3.2 15% reduction vs no-pandemic scenario Tips -1.5 high degree of uncertainty Total -25.5 excludes any is receiving PUA payments? Many states report serious issues with identity and other fraud October 29, 2020 4 PA Employment Recovers Thru July, Then Moderates October 29, 2020 5 YOY Number Change (000s) YOY Growth Rate Apr Jul Sept Apr Hits: 3 |
Revenue-Estimate-2019-05.pdfand Salaries paid to Pennsylvania residents will increase by 4.0 percent and 4.1 percent. Payroll Employment will expand by 57,700 and 54,600 net jobs. The Philadelphia CPI-U (consumer price index) will increase by 1 2015.2 2016.2 2017.2 2018.2 2019.2 NIPA Wages Withholding Economic Outlook | Page 5 Payroll Employment Table 1.4 displays annual net job gains for Pennsylvania payroll jobs, which excludes agriculture, military, self-employed individuals and independent contractors Hits: 3 |
RB-2018-01.pdfThe base index is calculated by averaging the percentage increase in the Pennsylvania statewide average weekly wage (SAWW) and the employment cost index (ECI) for elementary/secondary schools. 5 School districts with an aid ratio less than 0.4000 utilize the period in the baseline for computing the growth rate. For the ECI, there are no available projections for education-specific employment costs, so the general ECI projection from IHS Markit is used. This component of the index increases more modestly, from Hits: 3 |
Presentation_PBC_6-12-14_data.xlsxPA Employment by Industry Annual Wages and Employment for Pennsylvania, 1993-2013 Average Annual Growth Rate Wage Distributions ($ millions) 1993 1994 1995 1996 1997 1998 1999 2000 2001 Hits: 3 |
Presentation-2019-5-1-PAEL.pdfHealthcare includes ambulatory care, hospitals and nursing/residential care facilities. Source: U.S. Bureau of Labor Statistics, State and Area Employment. The Minimum Wage Proposal Increase minimum wage from $7.25 to $12.00/hr (+65.5%). Note: average wage all full- and part-time. Excludes self-employed and independent contractors. Source: "Analysis of Revenue Proposals," IFO (March 2019). Projected Employment Impact (2018) May 1, 2019 9 Lower Upper % Change Avg Wage # Jobs Affected Change # Jobs % Change Avg Wage # Jobs Affected Hits: 3 |
Presentation-2018-08-PA-State-Association-Boroughs.pdf0% Note: Professional-Business includes Professional Services, Management and Administrative-Waste Management. Source: U.S. Bureau of Labor Statistics, Current Employment Statistics. Excludes self-employed individuals. August.08.2018 15 Service Sector Jobs Dominate Con’t Net PA Employment Change (000s) Sector 1997 to 2007 2007 to 2010 2010 to 2017 Healthcare-Social 160 46 110 Professional-Business 166 Hits: 3 |
PICA_Presentation_2020_11.pdfModerate November 18, 2020 4 YOY Number Change (000s) YOY Percent Change Apr Jul Sept Apr Jul Sept Total Payroll Employment -1,062 -539 -477 -17.5% -8.9% -7.8% Construction -104 -19 -15 -40.1% -6.8% -5.6% 17 -5 -27 -9.6% -4.1% -16.5% Local Government -20 -17 -25 -4.4% -3.9% -5.5% Employment Services (temps) -30 -21 -22 -26.1% -18.3% -18.4% Personal Care-Dry Cleaner -46 -22 -20 -64.7% Hits: 3 |
PBB_2019_DOBS_Report.pdfon topics such as online banking, budgeting and credit management to improve long-term outcomes (e.g., gainful employment) for participants. The program will culminate in a statistical report that will report on a variety of outcomes. The Department also engages literacy program hosted by the Departments of Banking and Securities and Corrections. Financial literacy programs may improve recidivism, employment and other outcomes for previously incar- cerated individuals. 13-14 14-15 15-16 16-17 17-18 18-19 Complaints and Hits: 3 |
PA_Assoc_of_Community_Bankers_Presentation_2020_12.pdfData December 9, 2020 4 YOY Number Change (000s) YOY Percent Change April July October April July October Total Payroll Employment -1,062 -539 -453 -17.5% -8.9% -7.4% Construction -104 -19 -13 -40.1% -6.8% -4.8% 17 -5 -30 -9.6% -4.1% -16.9% Local Government -20 -17 -23 -4.4% -3.9% -4.9% Employment Services (temps) -30 -21 -22 -26.1% -18.3% -17.3% Personal Care-Dry Cleaner -46 -22 -22 -64.7% Hits: 3 |
Official-Revenue-Estimate-2019-06.pdf Wages and Salaries paid to Pennsylvania residents will increase by 4.1 percent each year. Payroll Employment will expand by 57,700 and 54,600 jobs over the two years. The Philadelphia CPI-U (consumer price index) will 2015.2 2016.2 2017.2 2018.2 2019.2 NIPA Wages Withholding Economic Outlook | Page 5 Payroll Employment Table 1.4 displays annual net job gains for Pennsylvania payroll jobs, which excludes agriculture, military, self-employed individuals and independent contractors Hits: 3 |
novak ppt.pdfactivity equals tax revenue increases if and only if the tax system matches the economy. • Government sector debts suggest further employment and spending cuts Gross Domestic Product Pennsylvania * 4-quarter growth rates in real terms Percent -6 -4 -2 0 2 Q3. • Other indicators suggest a different story – Wage and salaries increased in nominal terms – Unemployment rate was below 8 percent – Employment increased roughly 1 percent in 2011 -10 -5 0 5 10 15 Dec-79 Dec-81 Dec-83 Dec-85 Hits: 3 |
Newsstand_March_2020.pdfto retail clo- sures, event and travel cancelations and the reduction or elimination of work hours for some employees. 2019 Employment Data Revised Upward On March 16, the U.S. Bureau of Labor Statistics released updated payroll employment data for states and met- ropolitan areas. The revision increased average Pennsylvania payroll employment by 15,900 jobs for calendar Hits: 3 |
NAP-2018-03.pdfhouseholds. Community Economic Development – The construction or rehabilitation of commercial or industrial buildings, the removal of blight, increased access to employment and job training, education and community service opportunities, and/or crime prevention. Community Services – The provision of counseling or advice Education – Educational instruction or scholarship assistance. Job Training – Vocational instruction that allows an individual to attain a higher level of employment. Neighborhood Assistance – A project or service that provides physical improvement to a distressed area. Neighborhood Conservation – A project or service Hits: 3 |
MTR-2015-07.pdflooking for work. The higher the LFPR, the larger share of the working-age population that is working or seeking employment. Since 1999, Pennsylvania LFPRs have fallen for teens and young adults. For the 16-19 years old age group, the Economic Indicators Notes: 1. Source: U.S. Department of Labor—Survey of Households. 2. U.S.: Increase in monthly payroll employment compared to the previous month. PA: Average increase in annual payroll employment based on latest three months of data. Source Hits: 3 |
MSC_March_31_2022.pdfBureau of Labor Statistics, U.S. Bureau of Economic Analysis. All Age Groups Working Less March 31, 2022 11 PA Employment / Population Ratio by Age Group 56.0% 72.6% 76.4% 74.9% 60.9% 50.2% 66.4% 70 investor presentations for several regional producers. 4 Does not include natural gas liquids, millions of dollars. PA Oil and Gas Employment Trends March 31, 2022 18 2016 2017 2018 2019 2020 2021 Total Change Oil and Gas Extraction 5,423 4 Hits: 3 |
Monthly_Economic_Update_August_2020.pdfPA Recovers Half of Jobs Lost From April Low, but Employment Growth Decelerates On August 21, the U.S. Bureau of Labor Statistics released the July state employment report. The data reveal that by July, nearly one-half (529,100, not seasonally adjusted) of the year-over-year Hits: 3 |
MER-2014-01.pdfnumber of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in payroll employment based on latest three months of data. 2 Advance Retail Sales Year‐over‐year growth rate of retail sales based number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in payroll employment based on latest three months of data. 2 Sales‐Use Taxes Year‐over‐year growth rate of sales taxes based Hits: 3 |
IFO ppt.pdf2006 2011 Real Net Investment / Real GDP January 18, 2012 Independent Fiscal Office Economic & Budget Outlook 2012 Revenue Conference PA Employment Returns to 2005 Q1 Level 0.95 0.98 1.00 1.03 1.05 2005.1 2006.1 2007 1.6% 2.4% 3.2% 2.3% change -0.7% -0.9% -0.2% 0.3% 0.2% Payroll Employment (000s) June 2011 5,717 5,828 5,903 5,975 6,100 January 2012 5,682 5,748 5 Hits: 3 |
IFO Five-Year Outlook.pdfnation at $29,960 per student. Where will the unexpected growth come from? Consumers – debt levels still high, employment unsure. Investment – little incentive due to lack of demand. Government – fiscal pressures at all levels. Exports – major 4.0% Wages and Salaries 4.8% 3.0% 3.6% CPI-U 2.5% 2.8% 1.7% Payroll Employment 1.1% 0.0% 0.8% UE Rate (average level) 5.7% 5.9% 6.4% Annual Average Growth Rates Hits: 3 |
HTAE_2019_05_15.pdfAnalysis, U.S. Bureau of Labor Statistics, Federal Housing Finance Agency, PA Lottery, PA Department of Environmental Protection. Annual PA Employment Growth (000s) May 15, 2019 3 2016 2017 2018 2019 Q1 Mining-Logging -9.0 1.7 1.9 1 all full-and part-time. Excludes self-employed and independent contractors. Source: "Analysis of Revenue Proposals," IFO (March 2019). Projected Employment Impact (2018) May 15, 2019 9 Lower Upper % Change Avg Wage # Jobs Affected Change # Jobs % Change Avg Wage # Jobs Affected Hits: 3 |
EPLC-2-19-21.pdfThen Decelerate February 19, 2021 9 YOY Number Change (000s) YOY Percent Change Apr Aug Dec Apr Aug Dec Total Employment -1,062 -502 -472 -17.5% -8.3% -7.7% Construction -104 -16 -5 -40.1% -6.0% -2.1% YOY is year-over-year. Excludes self-employed. Source: U.S. Bureau of Labor Statistics, CES State and Metro Area Employment. Permanent Job Loss, But Some Subsectors Gain February 19, 2021 10 Number (000s) Change Dec 2019 Dec 2020 Number Percent Hits: 3 |
Economic_and_Revenue_Update_Presentation_August_2020.pdflarge job losses, only a moderate decline in total wages paid Housing market fares decently | but renters struggle Steady employment gains since April low | can it continue? 45% of job losses in retail-wholesale and food service-accommodations 46 -45 -29 -64.7 -61.8 -39.6 Child Care -21 -16 -10 -43.5 -28.3 -20.1 Employment Services -30 -30 -22 -26.1 -22.5 -19.6 Couriers and Messengers 1 2 4 3.7% 6.7% Hits: 3 |
2023_Mid_Year_Update.pdf000) June 2022 135 30 -- 199 74 -- Jan 2023 190 25 30 205 48 -17 Note: Job Gains for payroll employment only. Excludes self-employed. June 2022 is economic forecast issued in that month. Source: Historical data from U.S. Bureau January 31, 2023 6 Change From Dec 2019 Annual Share of Dec 21 Dec 22 Gain Dec 19 Total Payroll Employment -254 -54 +200 99.1% Construction -11 -2 9 99.3 Manufacturing -25 0 25 100.0 Retail-Wholesale Trade Hits: 3 |
2021-SD-Property-Tax-Forecast.pdfThe base index is calculated by averaging the percentage increase in the Pennsylvania statewide average weekly wage (SAWW) and the employment cost index (ECI) for elementary/secondary schools. 5 School districts with an aid ratio less than 0.4000 utilize the forecast period as those low-wage workers are rehired. For the ECI, there are no available projections for education-specific employment costs for Pennsylvania, so the U.S. ECI for all private workers from IHS Markit is used, with adjustments by Hits: 3 |
2013-05_Monthly_Economic_Summary.pdfnumber of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in payroll employment based on latest three months of data. 2 Advance Retail Sales Year-over-year growth rate of retail sales based number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in payroll employment based on latest three months of data. 2 Sales-Use Taxes Year-over-year growth rate of sales taxes based Hits: 3 |
Pensionsfollowing Federal laws: 1) the Heroes Earnings Assistance and Relief Tax Act of 2008 ("HEART Act"); 2) the Uniformed Services Employment and Reemployment Rights Act of 1994 ("USERRA"); and 3) Internal Revenue Code Section 414(u) [IRC §414(u)]. Act 2013 following Federal laws: 1) the Heroes Earnings Assistance and Relief Tax Act of 2008 (HEART Act); 2) the Uniformed Services Employment and Reemployment Rights Act of 1994 (USERRA); and 3) Internal Revenue Code Section 414(u) [IRC §414(u)]. Additionally, the Hits: 3 |
The Payroll Tax Cut Extension FINAL.pdfthe Medicare hospital insurance (HI) tax equal to 2.9 percent of covered wages. Covered wages are all remuneration for employment paid to employees covered by the Social Security system. The OASDI tax is levied on covered wages up to certain it is likely that the impact from those next rounds of spending would be minor compared to the first round. Employment would also increase in response to the additional spending, but the potential impact on the labor market is less certain Hits: 2 |
TC_2021_Neighborhood_Assistance_Program.pdfThe studies also noted that any long-term economic impacts from these tax credits, such as access to higher- paying employment opportunities or enhanced property values, could not be quantified. Assessment of the West Virginia Neighborhood Investment Program (2014) For FY earnings multiplier to the new Pennsylvania spending that results from the NAP Tax Credit. 23 Line 12 IMPLAN applies an employment multiplier to the new Pennsylvania spending that results from the NAP Tax Credit. When combined with the earnings impact, the Hits: 2 |
TC_2020_Mobile Telecommunications Broadband Investment Tax Credit.pdfthe number of full-time equivalent employees and the change in earnings. 20 It is noted that the employment figure in Table 4.1 does not represent permanent jobs. Line 14 The Pennsylvania personal income tax (PIT) rate of 3.07 Impact of Rural Broadband,” Kuttner, Hanns, Hudson Institute (April 2016). “The Effects of Broadband Development on Output of Employment: A Cross-sectional Analysis of U.S. Data,” Number 6, Crandall, Robert, William Lehr and Robert Litan, The Brookings Institution (July 2007 Hits: 2 |
SD_Prop_Tax_Update_Aug_2022.pdfThe base index is calculated by averaging the percentage increase in the Pennsylvania statewide average weekly wage (SAWW) and the employment cost index (ECI) for elementary/secondary schools. The SAWW is reported by the Pennsylvania Department of Labor and Industry. The 9% (2020); 4.9% (2021); and 5.4% (2022). For the ECI, there are no available projections for education-specific employment costs, so the forecast uses the U.S. ECI for all private workers from IHS Markit, with adjustments by the Hits: 2 |
Revenue-Update-2020-04.pdfCY 2021. Wages-salaries decline by 1.7 percent. The unemployment rate increases to 8.7 percent and employment contracts by 264,000 jobs (both full- and part-time). That figure represents the average job loss over the entire year and excludes self- employed and independent contractors. The actual employment contraction in 2020 Q2 will be considerably higher. Most of the job loss occurs in the retail trade, accommodation- Hits: 2 |
REU-2020-02.pdfSources and notes: 1. Source: U.S. Bureau of Labor Statistics—Survey of Households. 2. U.S.: Increase in payroll employment compared to the previous month or quarter. PA: Average year-over-year increase in payroll employment based on latest three months of data. Source: U.S. Bureau of Labor Statistics—Survey of Establishments. 3. Average price Hits: 2 |
REU-2020-01.pdfSources and notes: 1. Source: U.S. Bureau of Labor Statistics—Survey of Households. 2. U.S.: Increase in payroll employment compared to the previous month or quarter. PA: Average year-over-year increase in payroll employment based on latest three months of data. Source: U.S. Bureau of Labor Statistics—Survey of Establishments. 3. Average price Hits: 2 |
REU-2019-12.pdfSources and notes: 1. Source: U.S. Bureau of Labor Statistics—Survey of Households. 2. U.S.: Increase in payroll employment compared to the previous month or quarter. PA: Average year-over-year increase in payroll employment based on latest three months of data. Source: U.S. Bureau of Labor Statistics—Survey of Establishments. 3. Average price Hits: 2 |
REU-2019-11.pdfSources and notes: 1. Source: U.S. Bureau of Labor Statistics—Survey of Households. 2. U.S.: Increase in payroll employment compared to the previous month or quarter. PA: Average year-over-year increase in payroll employment based on latest three months of data. Source: U.S. Bureau of Labor Statistics—Survey of Establishments. 3. Average price Hits: 2 |
REU-2019-10.pdfSources and notes: 1. Source: U.S. Bureau of Labor Statistics—Survey of Households. 2. U.S.: Increase in payroll employment compared to the previous month or quarter. PA: Average year-over-year increase in payroll employment based on latest three months of data. Source: U.S. Bureau of Labor Statistics—Survey of Establishments. 3. Average price Hits: 2 |
RB_2023_06_Student_Loan_Repayment.pdfrelationships, applicable taxes and leakages from the state economy. The fully-phased in annual economic impact results are as follows: ▪ Employment falls by 35,100. This figure includes full- and part-time workers and self-employed. ▪ Labor income falls by $2.0 billion. Labor income includes employee compensation and self- employment income. 8 ▪ Value Added or nominal Gross Domestic Product (GDP) falls by $3.4 billion. This metric does not double Hits: 2 |
Presentation_Lancaster_Chamber_2017-07-14.pdf6% 2.0% 2.0% Wages and Salaries 1.8% 3.9% 4.0% 2.8% 3.7% 3.8% Employment Gains (000s) 14.3 47.4 46.7 52.2 54.4 52.5 Note: Data represent calendar years. Source: U.S. Bureau of Economic Analysis and U.S. Bureau of Labor Statistics. Change in Payroll Employment 7/14/2017 28 2014 2015 2016 2017 Mining 1.7 -3.8 -9.0 -3.2 Construction 4.8 Hits: 2 |
PBB_Board_Hearing_Jan_09_2023.pdf17 counties declined, 22 increased ▪ May indicate need for services exceeds available resources at local level Treatment admissions and SUD employment decline ▪ Treatment admissions declined from 32,728 in FY 17-18 to 17,650 in FY 21-22 ▪ Mental health and SUD employment declined from 35,300 in 2017 to 31,600 in 2021 (-10%) ▪ To improve retention/recruitment, 295 practitioners received loan Hits: 2 |
PBB_2022_AGING_REPORT_Addendum.pdfProgram cardholders tend to be older than the general 65+ population because many younger seniors may not qualify due to employment income. The figure to the left displays the race and ethnic origin of program enrollees. While not directly comparable to this data will be available beginning FY 21-22. ---- Recommended measure ---- ---- Recommended measure ---- 4.Calculated by the IFO. Total leaving employment during year / average # employees starting and completing fiscal year. 2.Calculated by the IFO. Aging block grant dollars AAAs indicated Hits: 2 |
PBB-Board Hearing Jan 23 2020.pptxEligibility 3,049 39.8% $332 1.6% SNAP Eligibility and Authorize Benefits 2,654 34.7 % 301 1.4 % Employment Supports 787 10.3 % 135 0.6 % TANF Eligibility and Benefits 394 5.1 % 210 1.0 % LIHEAP Eligibility and 0 0 0 0 0 0 58 58 Medicaid Mgmt. Info. System 14 0 4 0 0 0 2 20 Employment Supports 0 0 0 3 0 0 16 19 Child Supp. Enforcement 0 0 0 0 0 0 16 16 Hits: 2 |
PA_Turnpike_Toll_Projections_May_31_2013.pdfPennsylvania-Delaware-New Jersey-Maryland region, also referred to as the PA-DE-NJ-MD CPI-U. Total payroll employment grows by 0.8 percent per annum. The total population of Pennsylvania expands by 0.3 percent per annum 2% Regional Real GSP 2.3% 1.8% 2.0% Inflation: CPI-U 1.6% 1.6% 1.6% Payroll Employment 1.2% 0.4% 0.8% PA Demographics Under Age 15 0.1% 0.5% 0.3% Ages 15-64 Hits: 2 |
PA_Chamber_June_17_2021.pdf6 YOY Change (000s) YOY Growth Apr 20 Oct 20 Apr 21 Apr 20 Oct 20 Apr 21 Total Payroll Employment -1,099 -455 -447 -18.1% -7.4% -7.3% Construction -98 -16 -11 -37.9 -5.9 -4.2 labor market is“tight”| highly unusual given pool of available workers Two studies: extra UC benefits have minor impact on employment ▪ San Francisco FRB (June 2021), Yale University (July 2020) ▪ Both exclude PUA recipients (~500,000 in PA) | traditional UC only Hits: 2 |
NewsStand_2019_September.pdfIssues and Incarceration are Common Factors for Nonworkers A recent study by the U.S. Bureau of Labor Statistics compared employment trends for two cohorts of working- age men. The first cohort included men born between 1960-64 and the second an average decline of 8,600 retail jobs, a decline of 1.6% over the prior year. Since August 2016, employment in Pennsylvania’s retail sector has declined by 25,700 jobs. Author: Tessa Dorr CreationDate: 2019-09-25 17:17 Hits: 2 |
NewsStand_2019_December.pdfin Ames, IA to 16.2% in El Centro, CA. The brief measures the cycli- cal sensitivity of metro area employment and finds that all of Pennsylvania’s MSAs are relatively less sensitive to the business cycle than the national average. The Pennsylvania MSA least responsive to an economic down- turn is State College due to its high share of employment in the education sector. BEA Releases GDP by County For the first time, the U.S. Bureau of Economic Analysis Hits: 2 |
Newsstand_2018_June.pdfData Show Strong PA Labor Market On May 23, the U.S. Bureau of Labor Statistics released state and county employment data for the fourth quarter of 2017. These administrative data provide the final benchmark upon which all published state employment and wage income trends will be based. The data show a clear strengthening of the Pennsylvania labor market through 2017 Hits: 2 |
MTR-2019-09.pdfSources and notes: 1. Source: U.S. Bureau of Labor Statistics—Survey of Households. 2. U.S.: Increase in payroll employment compared to the previous month or quarter. PA: Average year-over-year increase in payroll employment based on latest three months of data. Source: U.S. Bureau of Labor Statistics—Survey of Establishments. 3. Average price Hits: 2 |
MTR-2019-08.pdfSources and notes: 1. Source: U.S. Bureau of Labor Statistics—Survey of Households. 2. U.S.: Increase in payroll employment compared to the previous month or quarter. PA: Average year-over-year increase in payroll employment based on latest three months of data. Source: U.S. Bureau of Labor Statistics—Survey of Establishments. 3. Average price Hits: 2 |
MTR-2019-07.pdfSources and notes: 1. Source: U.S. Bureau of Labor Statistics—Survey of Households. 2. U.S.: Increase in payroll employment compared to the previous month or quarter. PA: Average year-over-year increase in payroll employment based on latest three months of data. Source: U.S. Bureau of Labor Statistics—Survey of Establishments. 3. Average price Hits: 2 |
MTR-2019-06.pdfJUNE 2019 Notes: 1. Source: U.S. Bureau of Labor Statistics—Survey of Households. 2. U.S.: Increase in payroll employment compared to the previous month. PA: Average year-over-year increase in payroll employment based on latest three months of data. Source: U.S. Bureau of Labor Statistics—Survey of Establishments. 3. Average price Hits: 2 |
MTR-2019-05.pdfMAY 2019 Notes: 1. Source: U.S. Bureau of Labor Statistics—Survey of Households. 2. U.S.: Increase in payroll employment compared to the previous month. PA: Average year-over-year increase in payroll employment based on latest three months of data. Source: U.S. Bureau of Labor Statistics—Survey of Establishments. 3. Average price Hits: 2 |
MTR-2019-04.pdfAPRIL 2019 Notes: 1. Source: U.S. Bureau of Labor Statistics—Survey of Households. 2. U.S.: Increase in payroll employment compared to the previous month. PA: Average year-over-year increase in payroll employment based on latest three months of data. Source: U.S. Bureau of Labor Statistics—Survey of Establishments. 3. Average price Hits: 2 |
MTR-2019-03.pdfMARCH 2019 Notes: 1. Source: U.S. Bureau of Labor Statistics—Survey of Households. 2. U.S.: Increase in payroll employment compared to the previous month. PA: Average year-over-year increase in payroll employment based on latest three months of data. Source: U.S. Bureau of Labor Statistics—Survey of Establishments. 3. Average price Hits: 2 |
MTR-2019-02.pdfFEBRUARY 2019 Notes: 1. Source: U.S. Bureau of Labor Statistics—Survey of Households. 2. U.S.: Increase in payroll employment compared to the previous month. PA: Average year-over-year increase in payroll employment based on latest three months of data. Source: U.S. Bureau of Labor Statistics—Survey of Establishments. 3. Average price Hits: 2 |
MTR-2019-01.pdfJANUARY 2019 Notes: 1. Source: U.S. Bureau of Labor Statistics—Survey of Households. 2. U.S.: Increase in payroll employment compared to the previous month. PA: Average year-over-year increase in payroll employment based on latest three months of data. Source: U.S. Bureau of Labor Statistics—Survey of Establishments. 3. Average price Hits: 2 |
MTR-2018-12.pdfDECEMBER 2018 Notes: 1. Source: U.S. Bureau of Labor Statistics—Survey of Households. 2. U.S.: Increase in payroll employment compared to the previous month. PA: Average year-over-year increase in payroll employment based on latest three months of data. Source: U.S. Bureau of Labor Statistics—Survey of Establishments. 3. Average price Hits: 2 |
MTR-2018-11.pdfNOVEMBER 2018 Notes: 1. Source: U.S. Bureau of Labor Statistics—Survey of Households. 2. U.S.: Increase in payroll employment compared to the previous month. PA: Average year-over-year increase in payroll employment based on latest three months of data. Source: U.S. Bureau of Labor Statistics—Survey of Establishments. 3. Average price Hits: 2 |
MTR-2018-10.pdfOCTOBER 2018 Notes: 1. Source: U.S. Bureau of Labor Statistics—Survey of Households. 2. U.S.: Increase in payroll employment compared to the previous month. PA: Average year-over-year increase in payroll employment based on latest three months of data. Source: U.S. Bureau of Labor Statistics—Survey of Establishments. 3. Average price Hits: 2 |
MTR-2018-1.pdfJANUARY 2018 Notes: 1. Source: U.S. Bureau of Labor Statistics—Survey of Households. 2. U.S.: Increase in payroll employment compared to the previous month. PA: Average year-over-year increase in payroll employment based on latest three months of data. Source: U.S. Bureau of Labor Statistics—Survey of Establishments. 3. Average price Hits: 2 |
MTR-2018-09.pdfSEPTEMBER 2018 Notes: 1. Source: U.S. Bureau of Labor Statistics—Survey of Households. 2. U.S.: Increase in payroll employment compared to the previous month. PA: Average year-over-year increase in payroll employment based on latest three months of data. Source: U.S. Bureau of Labor Statistics—Survey of Establishments. 3. Average price Hits: 2 |
MTR-2018-08.pdfAUGUST 2018 Notes: 1. Source: U.S. Bureau of Labor Statistics—Survey of Households. 2. U.S.: Increase in payroll employment compared to the previous month. PA: Average year-over-year increase in payroll employment based on latest three months of data. Source: U.S. Bureau of Labor Statistics—Survey of Establishments. 3. Average price Hits: 2 |
MTR-2018-07.pdfJULY 2018 Notes: 1. Source: U.S. Bureau of Labor Statistics—Survey of Households. 2. U.S.: Increase in payroll employment compared to the previous month. PA: Average year-over-year increase in payroll employment based on latest three months of data. Source: U.S. Bureau of Labor Statistics—Survey of Establishments. 3. Average price Hits: 2 |
MTR-2018-06.pdfJUNE 2018 Notes: 1. Source: U.S. Bureau of Labor Statistics—Survey of Households. 2. U.S.: Increase in payroll employment compared to the previous month. PA: Average year-over-year increase in payroll employment based on latest three months of data. Source: U.S. Bureau of Labor Statistics—Survey of Establishments. 3. Average price Hits: 2 |
MTR-2018-05.pdfMAY 2018 Notes: 1. Source: U.S. Bureau of Labor Statistics—Survey of Households. 2. U.S.: Increase in payroll employment compared to the previous month. PA: Average year-over-year increase in payroll employment based on latest three months of data. Source: U.S. Bureau of Labor Statistics—Survey of Establishments. 3. Average price Hits: 2 |
MTR-2018-04.pdfAPRIL 2018 Notes: 1. Source: U.S. Bureau of Labor Statistics—Survey of Households. 2. U.S.: Increase in payroll employment compared to the previous month. PA: Average year-over-year increase in payroll employment based on latest three months of data. Source: U.S. Bureau of Labor Statistics—Survey of Establishments. 3. Average price Hits: 2 |
MTR-2018-03.pdfMARCH 2018 Notes: 1. Source: U.S. Bureau of Labor Statistics—Survey of Households. 2. U.S.: Increase in payroll employment compared to the previous month. PA: Average year-over-year increase in payroll employment based on latest three months of data. Source: U.S. Bureau of Labor Statistics—Survey of Establishments. 3. Average price Hits: 2 |
MTR-2018-02.pdfFEBRUARY 2018 Notes: 1. Source: U.S. Bureau of Labor Statistics—Survey of Households. 2. U.S.: Increase in payroll employment compared to the previous month. PA: Average year-over-year increase in payroll employment based on latest three months of data. Source: U.S. Bureau of Labor Statistics—Survey of Establishments. 3. Average price Hits: 2 |
MTR-2017-12.pdfDECEMBER 2017 Notes: 1. Source: U.S. Bureau of Labor Statistics—Survey of Households. 2. U.S.: Increase in payroll employment compared to the previous month. PA: Average year-over-year increase in payroll employment based on latest three months of data. Source: U.S. Bureau of Labor Statistics—Survey of Establishments. 3. Average price Hits: 2 |
MTR-2017-11.pdfNOVEMBER 2017 Notes: 1. Source: U.S. Bureau of Labor Statistics—Survey of Households. 2. U.S.: Increase in payroll employment compared to the previous month. PA: Average year-over-year increase in payroll employment based on latest three months of data. Source: U.S. Bureau of Labor Statistics—Survey of Establishments. 3. Average price Hits: 2 |
MTR-2017-10.pdfOCTOBER 2017 Notes: 1. Source: U.S. Bureau of Labor Statistics—Survey of Households. 2. U.S.: Increase in payroll employment compared to the previous month. PA: Average year-over-year increase in payroll employment based on latest three months of data. Source: U.S. Bureau of Labor Statistics—Survey of Establishments. 3. Average price Hits: 2 |
MTR-2017-09.pdfSEPTEMBER 2017 Notes: 1. Source: U.S. Bureau of Labor Statistics—Survey of Households. 2. U.S.: Increase in payroll employment compared to the previous month. PA: Average year-over-year increase in payroll employment based on latest three months of data. Source: U.S. Bureau of Labor Statistics—Survey of Establishments. 3. Average price Hits: 2 |
MTR-2017-08.pdfECONOMIC INDICATORS Notes: 1. Source: U.S. Bureau of Labor Statistics—Survey of Households. 2. U.S.: Increase in payroll employment compared to the previous month. PA: Average year-over-year increase in payroll employment based on latest three months of data. Source: U.S. Bureau of Labor Statistics—Survey of Establishments. 3. Average price Hits: 2 |
MTR-2017-07.pdfECONOMIC INDICATORS Notes: 1. Source: U.S. Bureau of Labor Statistics—Survey of Households. 2. U.S.: Increase in payroll employment compared to the previous month. PA: Average year-over-year increase in payroll employment based on latest three months of data. Source: U.S. Bureau of Labor Statistics—Survey of Establishments. 3. Average price Hits: 2 |
MTR-2017-05.pdfEconomic Indicators Notes: 1. Source: U.S. Bureau of Labor Statistics—Survey of Households. 2. U.S.: Increase in payroll employment compared to the previous month. PA: Average year-over-year increase in payroll employment based on latest three months of data. Source: U.S. Bureau of Labor Statistics—Survey of Establishments. 3. Average price Hits: 2 |
MTR-2017-04.pdfEconomic Indicators Notes: 1. Source: U.S. Bureau of Labor Statistics—Survey of Households. 2. U.S.: Increase in payroll employment compared to the previous month. PA: Average year-over-year increase in payroll employment based on latest three months of data. Source: U.S. Bureau of Labor Statistics—Survey of Establishments. 3. Average price Hits: 2 |
MTR-2017-03.pdfEconomic Indicators Notes: 1. Source: U.S. Bureau of Labor Statistics—Survey of Households. 2. U.S.: Increase in payroll employment compared to the previous month. PA: Average year-over-year increase in payroll employment based on latest three months of data. Source: U.S. Bureau of Labor Statistics—Survey of Establishments. 3. Average price Hits: 2 |
MTR-2017-02.pdfEconomic Indicators Notes: 1. Source: U.S. Bureau of Labor Statistics—Survey of Households. 2. U.S.: Increase in payroll employment compared to the previous month. PA: Average year-over-year increase in payroll employment based on latest three months of data. Source: U.S. Bureau of Labor Statistics—Survey of Establishments. 3. Average price Hits: 2 |
MTR-2017-01.pdfEconomic Indicators Notes: 1. Source: U.S. Bureau of Labor Statistics—Survey of Households. 2. U.S.: Increase in payroll employment compared to the previous month. PA: Average year-over-year increase in payroll employment based on latest three months of data. Source: U.S. Bureau of Labor Statistics—Survey of Establishments. 3. Average price Hits: 2 |
MTR-2016-12.pdfEconomic Indicators Notes: 1. Source: U.S. Bureau of Labor Statistics—Survey of Households. 2. U.S.: Increase in payroll employment compared to the previous month. PA: Average year-over-year increase in payroll employment based on latest three months of data. Source: U.S. Bureau of Labor Statistics—Survey of Establishments. 3. Average price Hits: 2 |
MTR-2016-09.pdfECONOMIC INDICATORS Notes: 1. Source: U.S. Bureau of Labor Statistics—Survey of Households. 2. U.S.: Increase in payroll employment compared to the previous month. PA: Average year-over-year increase in payroll employment based on latest three months of data. Source: U.S. Bureau of Labor Statistics—Survey of Establishments. 3. Average price Hits: 2 |
MTR-2016-08.pdfEconomic Indicators Notes: 1. Source: U.S. Bureau of Labor Statistics—Survey of Households. 2. U.S.: Increase in payroll employment compared to the previous month. PA: Average year-over-year increase in payroll employment based on latest three months of data. Source: U.S. Bureau of Labor Statistics—Survey of Establishments. 3. Average price Hits: 2 |
MTR-2016-05.pdfEconomic Indicators Notes: 1. Source: U.S. Bureau of Labor Statistics—Survey of Households. 2. U.S.: Increase in payroll employment compared to the previous month. PA: Average year-over-year increase in payroll employment based on latest three months of data. Source: U.S. Bureau of Labor Statistics—Survey of Establishments. 3. Average price Hits: 2 |
MTR-2016-04.pdfEconomic Indicators Notes: 1. Source: U.S. Bureau of Labor Statistics—Survey of Households. 2. U.S.: Increase in payroll employment compared to the previous month. PA: Average year-over-year increase in payroll employment based on latest three months of data. Source: U.S. Bureau of Labor Statistics—Survey of Establishments. 3. Average price Hits: 2 |
MTR-2016-02.pdfIndicators Notes: 1. Source: U.S. Bureau of Labor Statistics—Survey of Households. 2. U.S.: Increase in monthly payroll employment compared to the previous month. PA: Average increase in annual payroll employment based on latest three months of data. Source: U.S. Bureau of Labor Statistics—Survey of Establishments. 3. Average price Hits: 2 |
MTR-2015-11.pdfIndicators Notes: 1. Source: U.S. Bureau of Labor Statistics—Survey of Households. 2. U.S.: Increase in monthly payroll employment compared to the previous month. PA: Average increase in annual payroll employment based on latest three months of data. Source: U.S. Bureau of Labor Statistics—Survey of Establishments. 3. Average price Hits: 2 |
MTR-2015-10.pdfIndicators Notes: 1. Source: U.S. Bureau of Labor Statistics—Survey of Households. 2. U.S.: Increase in monthly payroll employment compared to the previous month. PA: Average increase in annual payroll employment based on latest three months of data. Source: U.S. Bureau of Labor Statistics—Survey of Establishments. 3. Average price Hits: 2 |
MTR-2015-09.pdfIndicators Notes: 1. Source: U.S. Bureau of Labor Statistics—Survey of Households. 2. U.S.: Increase in monthly payroll employment compared to the previous month. PA: Average increase in annual payroll employment based on latest three months of data. Source: U.S. Bureau of Labor Statistics—Survey of Establishments. 3. Average price Hits: 2 |
Monthly_Economic_Update_November_2020_Final.pdfThe pandemic is also driving an increase in the residential rent market for single-family homes. Many renters, who maintained employment and now work from home, are leaving the city for the suburbs and seek increased space and more affordable locations Economic Indicators 1. Source: U.S. Bureau of Labor Statistics- Survey of Households. 2. Year-over-year increase in payroll employment. Source: U.S. Bureau of Labor Statistics- Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source Hits: 2 |
Monthly_Economic_Update_June_2021.pdfprior month, which is very robust relative to historical averages. A portion of the strong wage growth was due to employment gains, which were 0.5% for March and 0.2% for April. The residual growth is largely due to gains Economic Indicators 1. Source: U.S. Bureau of Labor Statistics- Survey of Households. 2. Year-over-year increase in payroll employment. Source: U.S. Bureau of Labor Statistics- Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source Hits: 2 |
Monthly_Economic_Update_February_2022.pdfHourly Earnings Contract, but Some Workers Gain In January 2022, the U.S. Bureau of Labor Statistics (BLS) released December employment and average hourly earnings data for all states. The latest data reveal dramatically different outcomes for the growth of average Economic Indicators 1. Source: U.S. Bureau of Labor Statistics- Survey of Households. 2. Year-over-year increase in payroll employment. Source: U.S. Bureau of Labor Statistics- Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source Hits: 2 |
Mid_Year_FY16-17_Presentation.pdfCPI-U Jun 2016 -0.1% 1.2% 1.8% Jan 2017 -0.1% 0.6% 1.8% 2.1% Employment (000s) Jun 2016 48.6 50.1 50.6 Jan 2017 48.6 43.5 50.0 48.9 Note Figures represent change in average level for calendar year. Source: U.S. Bureau of Labor Statistics. Forecast by IFO. PA Employment Growth (000s) 25.Jan.2017 5 PA Inflation Picks Up Year-Over-Year Increase 2015.4 2016.1 2016.2 Hits: 2 |
MER-2015-06.pdfof individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in monthly payroll employment based on latest three months of data. 2 Advance Retail Sales Year-over-year growth rate of retail sales based unemployed divided by the labor force. 1 Annual Net Job Gains (000s) Average year-over-year net increase in payroll employment based on latest three months of data. 2 Sales-Use Taxes Year-over-year growth rate of all sales and Hits: 2 |
MER-2015-04.pdfof individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in monthly payroll employment based on latest three months of data. 2 Advance Retail Sales Year‐over‐year growth rate of retail sales based unemployed divided by the labor force. 1 Annual Net Job Gains (000s) Average year‐over‐year net increase in payroll employment based on latest three months of data. 2 Sales‐Use Taxes Year‐over‐year growth rate of all sales and Hits: 2 |
MER-2015-03.pdfof individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in monthly payroll employment based on latest three months of data. 2 Advance Retail Sales Year‐over‐year growth rate of retail sales based unemployed divided by the labor force. 1 Annual Net Job Gains (000s) Average year‐over‐year net increase in payroll employment based on latest three months of data. 2 Sales‐Use Taxes Year‐over‐year growth rate of all sales and Hits: 2 |
MER-2015-01.pdfof individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in monthly payroll employment based on latest three months of data. 2 Advance Retail Sales Year-over-year growth rate of retail sales based unemployed divided by the labor force. 1 Annual Net Job Gains (000s) Average year-over-year net increase in payroll employment based on latest three months of data. 2 Sales-Use Taxes Year-over-year growth rate of all sales and Hits: 2 |
MER-2014-12.pdfof individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in monthly payroll employment based on latest three months of data. 2 Advance Retail Sales Year‐over‐year growth rate of retail sales based unemployed divided by the labor force. 1 Annual Net Job Gains (000s) Average year‐over‐year net increase in payroll employment based on latest three months of data. 2 Sales‐Use Taxes Year‐over‐year growth rate of all sales and Hits: 2 |
MER-2014-11.pdfof individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in monthly payroll employment based on latest three months of data. 2 Advance Retail Sales Year‐over‐year growth rate of retail sales based unemployed divided by the labor force. 1 Annual Net Job Gains (000s) Average year‐over‐year net increase in payroll employment based on latest three months of data. 2 Sales‐Use Taxes Year‐over‐year growth rate of all sales and Hits: 2 |
MER-2014-10.pdfof individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in monthly payroll employment based on latest three months of data. 2 Advance Retail Sales Year‐over‐year growth rate of retail sales based unemployed divided by the labor force. 1 Annual Net Job Gains (000s) Average year‐over‐year net increase in payroll employment based on latest three months of data. 2 Sales‐Use Taxes Year‐over‐year growth rate of all sales and Hits: 2 |
MER-2014-08.pdfof individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in monthly payroll employment based on latest three months of data. 2 Advance Retail Sales Year‐over‐year growth rate of retail sales based unemployed divided by the labor force. 1 Annual Net Job Gains (000s) Average year‐over‐year net increase in payroll employment based on latest three months of data. 2 Sales‐Use Taxes Year‐over‐year growth rate of all sales and Hits: 2 |
MER-2014-07.pdfof individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in monthly payroll employment based on latest three months of data. 2 Advance Retail Sales Year‐over‐year growth rate of retail sales based unemployed divided by the labor force. 1 Annual Net Job Gains (000s) Average year‐over‐year net increase in payroll employment based on latest three months of data. 2 Sales‐Use Taxes Year‐over‐year growth rate of all sales and Hits: 2 |
MER-2014-06.pdfNumber of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in payroll employment based on latest three months of data. 2 Advance Retail Sales Year‐over‐year growth rate of retail sales based unemployed divided by the labor force. 1 Annual Net Job Gains (000s) Average year‐over‐year net increase in payroll employment based on latest three months of data. 2 Sales‐Use Taxes Year‐over‐year growth rate of all sales and Hits: 2 |
MER-2014-05.pdfNumber of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in payroll employment based on latest three months of data. 2 Advance Retail Sales Year‐over‐year growth rate of retail sales based unemployed divided by the labor force. 1 Annual Net Job Gains (000s) Average year‐over‐year net increase in payroll employment based on latest three months of data. 2 Sales‐Use Taxes Year‐over‐year growth rate of nonmotor and motor Hits: 2 |
MER-2014-04.pdfNumber of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in payroll employment based on latest three months of data. 2 Advance Retail Sales Year‐over‐year growth rate of retail sales based Number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in payroll employment based on latest three months of data. 2 Sales‐Use Taxes Year‐over‐year growth rate of nonmotor and motor Hits: 2 |
MER-2014-03.pdfnumber of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in payroll employment based on latest three months of data. 2 Advance Retail Sales Year‐over‐year growth rate of retail sales based number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in payroll employment based on latest three months of data. 2 Sales‐Use Taxes Year‐over‐year growth rate of sales taxes based Hits: 2 |
MER-2014-02.pdfnumber of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in payroll employment based on latest three months of data. 2 Advance Retail Sales Year‐over‐year growth rate of retail sales based number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in payroll employment based on latest three months of data. 2 Sales‐Use Taxes Year‐over‐year growth rate of sales taxes based Hits: 2 |
MER-2013-12.pdfnumber of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in payroll employment based on latest three months of data. 2 Advance Retail Sales Year-over-year growth rate of retail sales based number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in payroll employment based on latest three months of data. 2 Sales-Use Taxes Year-over-year growth rate of sales taxes based Hits: 2 |
Labor_Market_Update_Sept_2021.pdfup to the final week of the program, and very few recipients appear to have returned to prior or new employment. Total amounts received did not change in the final month of extra benefits as the PUA benefits actually increased during into the state of the Pennsylvania economy. Labor Market Update September 2021 June July August June July August Total Payroll Employment -389.1 -358.3 -362.0 28.5 -11.6 -0.1 Construction -23.1 -24.8 -24.2 1 Hits: 2 |
Labor_Market_Update_June_2021.pdf26, 2021.) Despite purchases motivated by the substantial transfer of federal funds, the latest payroll jobs data show that Pennsylvania employment gains have stagnated. The year-over-year change in payroll jobs is nearly identical for the latest three months of May jobs figures are released later this month. Labor Market Update June 2021 Feb Mar Apr Feb Mar Apr Total Employment -443.5 -431.5 -444.5 42.8 39.2 51.4 Construction -10.4 -12.2 -10.9 -0 Hits: 2 |
Labor_Market_Update_July_2021.pdfrecipients had only a marginal, if any, connection to the labor force. To the extent that available child care limits employment options, that issue will likely moderate as federal benefits approach expiration and former childcare workers return to the labor market. Labor Market Update July 2021 Apr May Jun Apr May Jun Total Employment -446.9 -432.3 -394.5 49.0 44.8 23.1 Construction -13.4 -18.3 -23.3 14 Hits: 2 |
Initial_Revenue_Update_May_2023_Final.pdf9% 4.5% 2.5% Payroll Job Gains (000) 227 80 24 231 126 -7 Note: Job Gains for payroll employment only. Excludes self-employed. IHS Markit forecast from May 2023. Source: Historical data from U.S. Bureau of Economic Analysis Pre-COVID Levels May 24, 2023 7 Payroll Jobs (000s) Number Percent Mar 19 Mar 23 Change Change Total Payroll Employment 6,010 6,061 +52 +0.9% Transportation and Warehouse 271 314 43 15.8 Professional and Technical 360 397 Hits: 2 |
Initial_Revenue_Estimate_Presentation_May_2023_Final.pdf9% 4.5% 2.5% Payroll Job Gains (000) 227 80 24 231 126 -7 Note: Job Gains for payroll employment only. Excludes self-employed. IHS Markit forecast from May 2023. Source: Historical data from U.S. Bureau of Economic Analysis Pre-COVID Levels May 24, 2023 7 Payroll Jobs (000s) Number Percent Mar 19 Mar 23 Change Change Total Payroll Employment 6,010 6,061 +52 +0.9% Transportation and Warehouse 271 314 43 15.8 Professional and Technical 360 397 Hits: 2 |
IFO_Response_Letter_Jan_20_2023.pdfto ensure that the tax cuts flowed to the relevant economic agents. • The REMI model allows population, labor force and employment (includes self-employed) to expand in response to lower taxes relative to other states. • The economic expansion increases General Fund 2,069 Personal Income $1,350 $1,123 Wages $925 $843 Population (000s) 22 36 Labor Force (000s) 14 21 Employment (000s) 17 15 General Fund Tax Revenue $87 $84 Notes: Calendar years, millions of nominal dollars. Proposal starts January 1 Hits: 2 |
IFO_Hearing_Materials_Feb_22_2022.pdfWarehouse and Storage +21 Real Estate +4 Source: U.S. Bureau of Labor Statistics. Dec 2021 vs Dec 2019 Payroll Employment Levels Revert to 2007 5,500 5,600 5,700 5,800 5,900 6,000 6,100 6,200 9% 14% -- Misclassified workers discovered (000s) 28.8 22.2 22.0 19.4 8.7 11.6 Dislocated worker employment rate (WIOA) -- 84% 84% 84% 77% -- Department of Education 4-Year cohort HS graduation rate 86.6% 85.9% 86 Hits: 2 |
2020_Mid_Year_Update.pdf1.3% 2.0% 1.8% 1.9% Net Payroll Jun 2019 58.8 65.6 57.7 54.6 Employment (000s) Jan 2020 58.8 65.6 45.6 45.4 45.7 Note: Real GDP and Wage data revised the closing day of the quarter, not averages for the quarter. Source: U.S. forecasts from IHS Markit. Annual PA Employment Change (000s) January 28, 2020 4 2017 2018 2019 Mining-Logging 1.7 1.9 1.0 Construction 9.9 Hits: 2 |
2018_Mid-Year_Update.pdfCPI-U Jun 2017 0.6% 2.0% 2.0% Jan 2018 0.6% 1.3% 2.3% 2.2% Employment (000s) Jun 2017 52.2 54.4 52.5 Jan 2018 52.2 60.4 61.8 60.1 Note be revised down. Source: U.S. Bureau of Labor Statistics. Data for 2017 are preliminary and will be revised. PA Employment Growth (000s) Mid-Year Update Federal Tax Changes 29.Jan.2018 6 Mid-Year Update Changes to U.S. corporate Hits: 2 |
2013-08 Monthly Economic Summary.pdfnumber of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in payroll employment based on latest three months of data. 2 Advance Retail Sales Year-over-year growth rate of retail sales based number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in payroll employment based on latest three months of data. 2 Sales-Use Taxes Year-over-year growth rate of sales taxes based Hits: 2 |
2013-07 Monthly Economic Summary.pdfnumber of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in payroll employment based on latest three months of data. 2 Advance Retail Sales Year-over-year growth rate of retail sales based number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in payroll employment based on latest three months of data. 2 Sales-Use Taxes Year-over-year growth rate of sales taxes based Hits: 2 |
2013-04 Monthly Economic Report.pdfnumber of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in payroll employment based on latest three months of data. 2 Advance Retail Sales Year-over-year growth rate of retail sales based number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in payroll employment based on latest three months of data. 2 Sales-Use Taxes Year-over-year growth rate of sales taxes based Hits: 2 |
2013-03b Monthly Economic Summary.pdfnumber of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in payroll employment based on latest three months of data. 2 Advance Retail Sales Year-over-year growth rate of retail sales based number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in payroll employment based on latest three months of data. 2 Sales-Use Taxes Year-over-year growth rate of sales taxes based Hits: 2 |
2013-02 Monthly Economic Report.pdfnumber of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in payroll employment based on latest three months of data. 2 Advance Retail Sales Year-over-year growth rate of retail sales based number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in payroll employment based on latest three months of data. 2 Sales-Use Taxes Year-over-year growth rate of sales taxes based Hits: 2 |
2013-01 Monthly Economic Report.pdfnumber of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in payroll employment based on latest three months of data. 2 Advance Retail Sales Year-over-year growth rate of retail sales based number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in payroll employment based on latest three months of data. 2 Sales-Use Taxes Year-over-year growth rate of sales taxes based Hits: 2 |
2012-12 Monthly Economic Summary FINAL.pdfnumber of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in payroll employment based on latest three months of data. 2 Advance Retail Sales Year-over-year growth rate of retail sales based number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in payroll employment based on latest three months of data. 2 Sales-Use Taxes Year-over-year growth rate of sales taxes based Hits: 2 |
2012-11 Monthly Economic Summary- DRAFT 6.pdfnumber of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in payroll employment based on latest three months of data. 2 Advance Retail Sales Year-over-year growth rate of retail sales based number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in payroll employment based on latest three months of data. 2 Sales-Use Taxes Year-over-year growth rate of sales taxes based Hits: 2 |
2012-10 Monthly Economic Summary FINAL.pdfnumber of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in payroll employment based on latest three months of data. 2 Advance Retail Sales Year-over-year growth rate of retail sales based number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in payroll employment based on latest three months of data. 2 Sales-Use Taxes Year-over-year growth rate of sales taxes based Hits: 2 |
2012-09 Monthly Economic Summary 7.pdfnumber of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in payroll employment based on latest three months of data. 2 Advance Retail Sales Year-over-year growth rate of retail sales based number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in payroll employment based on latest three months of data. 2 Sales-Use Taxes Year-over-year growth rate of sales taxes based Hits: 2 |
2012-08 Monthly Economic Summary_Final.pdfnumber of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in payroll employment based on latest three months of data. 2 Advance Retail Sales Year-over-year growth rate of retail sales based number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in payroll employment based on latest three months of data. 2 Sales-Use Taxes Year-over-year growth rate of sales taxes based Hits: 2 |
2001_hr266.pdfrates pursuant to recently enacted legislation. 7 (3) National trends and studies on the degree to which 8 employees terminating employment under DC plans liquidate 9 their funds instead of maintaining them for retirement as 10 well as related DB plan to the General Assembly's consideration, such as 28 recruitment benefits of DC plans and the State's future 29 employment needs; 30 and be it further 20010H0266R2371 - 4 - 1 RESOLVED, That the Public School Employees' Retirement System 2 and the Hits: 2 |
PensionsA Employee Pension Law (City of Scranton), removing the statutory three-year time limit within which a member must commence employment with the city following military service in order to be eligible to purchase service credit for nonintervening military service and firefighters in the City of Scranton, by removing the statutory three-year time limit within which a member must commence employment with the City following military service in order to be eligible to purchase service credit for nonintervening military service and Hits: 2 |
LinksIFO - Links IFO IFO • Latest Releases • Revenue Estimates • Revenue & Economic Update • Performance Budgeting • Energy • Pension Analysis • Property Tax • Wage Contracts • Tax Credit Review • Economics and Other • Data • Right-to-Know • About • About IFO • Job Opportunities • Contact IFO • Email Subscription • Links • Follow on Twitter • • Links U.S. Economic Indicators • Bureau of Economic Analysis • Bureau of Labor Statistics • Census Bureau • Weekly Jobless Claims • Employment Situation • Advance Retail Sales • Existing Home Sales • GDP and Profits • Monthly Personal Income • New Residential Sales • Case-Shiller Home Prices • Consumer Confidence PA Economic Indicators • Labor Force and Employment • Quarterly Personal Income • Gross State Product • Business Outlook, Philadelphia Fed State Government • Department of Labor and Industry • Department of Revenue Hits: 2 |
Witgert Nov 15, 2012.pdfFPL • Childless adults are not eligible Medicaid Primer – ACA expansion • Categorical eligibility rules eliminated – Everyone eligibility regardless of family or employment status • Financial eligibility rules simplified – Everyone eligible up to 133% FPL • Enhanced FMAP for “new eligibles” • 100% 2014-2016 • 90% Hits: 1 |
Tax_Credit_and_Other_Incentives_2022.pdfmillion (28%) from FY 2020-21 to FY 2021-22. The program was designed to encourage investment, economic growth, and employment in designated areas of the Commonwealth. For FY 2022-23, the program estimate is $114 million. • Taxpayers claimed $66.9 Hits: 1 |
State_Tax_Comparison_2023_02.pdfthe federal income tax is a progressive tax. 16 Although reported on the federal income tax return, payments for Self-Employment Contributions Act (SECA) are not included because those payments are not income taxes. State Rank AmountRatio State Rank AmountRatio Connecticut Hits: 1 |
State_Tax_Comparison_2022_01.pdfqualified recipients enrolled under the Affordable Care Act. 14 Although reported on the federal income tax return, payments for Self-Employment Contributions Act (SECA) are not included because those payments are not income taxes. State Rank Amount Ratio State Rank Amount Hits: 1 |
State_Tax_Comparison_2020_11.pdfmillions. U.S. Average 7.63% 16 Although reported on the federal income tax return, payments for Self-Employment Contributions Act (SECA) are not included because those payments are not income taxes. 17 For a more detailed analysis, see “Impact of Hits: 1 |
Select Committee Oct 1 2012 FINAL.pdfsales tax collections. It does not capture any macroeconomic “feedback” effects. Impact is unclear. Such as change in employment levels. 1.Oct.2012 Analysis of HB 1776 and SB 1400 of 2012 – Slide 5 Table 1 Overview Of Property Hits: 1 |
Revenue_Estimate_2015-06-15_Snapshot.pdfrate of increase is expected to be lower than the prior year’s rate. Personal Income Tax – Continued wage and employment gains motivate growth in withholding revenues. A technical factor relating to the calendar results in an extra withholding due date Hits: 1 |
Revenue_Estimate_2014-06-16_Snapshot.pdfprojected to display continued growth. Personal Income Tax – Deposits from employer withholding are projected to increase modestly due to increased employment and low wage inflation. Quarterly and annual remittances are expected to exhibit much stronger growth in FY14-15 because these Hits: 1 |
Revenue-Estimate-2019-05-Presentation.pdfS. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federal Housing Finance Authority, Zillow. Change in PA Payroll Employment (000s) May 20, 2019 6 2016 2017 2018 2019 Q1 Mining-Logging -9.0 1.7 1.9 1.2 Hits: 1 |
Revenue Conference Presentation Jan 2013 FINAL.pdf2012 1.9% 1.5% 2.3% 3.0% Jan 2013 1.2% 1.8% 1.5% 2.3% Payroll Employment (Net Job Gains, 000s) May 2012 67.2 57.5 84.1 84.4 Jan 2013 67.2 36.1 Hits: 1 |
RB_2023_03_Rental_Assistance.pdfthe Commonwealth and federal government enacted a renter eviction moratorium to provide temporary relief to renters who may have lost employment. The moratorium prohibited landlords from evicting tenants due to specific factors, including unpaid rent. The initial moratorium was extended several Hits: 1 |
RB_2022_09_SNAP_Changes.pdfan “all or nothing” benefits cliff for recipients. A vertical cliff provides a strong disincentive for household members to seek employment, work more hours or accept promotions due to the potential loss of benefits. The graph displays the cliff for households Hits: 1 |
RB_2021_11_Wage_Growth.pdfit is a broader measure that includes the impact of new jobs added from the prior year (or rehires) and employment shifting across industries (i.e., leaving a low-wage job for a higher one). To examine wage trends for Pennsylvania Hits: 1 |
RB_2021_02 County Income Patterns.pdfrent. Moreover, some of those counties (Armstrong, Bradford, Potter and Susquehanna) recorded strong income growth despite a reduction in overall employment levels. Independent Fiscal Office Page 3 Resident Earnings County personal income can be decomposed into three categories: (1) resident earnings Hits: 1 |
RB-2020-10-Impact_of_TCJA_on_PA_Taxpayers.pdf1,844 -$13,995 -$1,464 Percentage Tax Cut -34.4% -13.4% -12.0% -14.4% Other Data Self-Employment Tax $0.8 $0.7 $0.7 $2.2 $0.8 $0.7 $0.7 $2.2 Medicare Tax $0 Hits: 1 |
RB-2016-02.pdfqualify, the facility must make a capital in‐ vestment of $1 billion and create 2,500 full‐time jobs. Promoting Employment Across Pennsylvania Program $0 $0 Permits companies to retain 95 percent of Pennsylvania personal income tax withheld from new employees Hits: 1 |
Presentation_PICPA_12-3-2014.pdfBureau of Labor Statistics. Forecast by IFO based on published data through August 2014. 13 3.Dec.2014 Change in Employment: 2003 to 2014 0.70 0.80 0.90 1.00 1.10 1.20 1.30 2003 2005 2007 Hits: 1 |
Presentation_PBC_6-12-14.pdfannual levels. 2014 figures are forecast from 2013 preliminary data. Source: U.S Bureau of Labor Statistics and IFO (forecast). Employment: 2007 vs. 2014 Student Loan debt up dramatically. o Debt burden reduces ability to purchase homes and cars. o Hits: 1 |
Presentation_2016-05-12_PaDUC_Impact_of_Demographics.pdf8% 30 0.5% Note: calendar years, change in average annual levels. Source: U.S Bureau of Labor Statistics. PA Employment Changes By Sector 19 12.May.2016 Expenditure Impacts All expenditure projections motivated by: (1) inflation projections; and (2) growth Hits: 1 |
Presentation-2019-3-1-EPLC.pdf9 25.1 Total Net Jobs 50.0 62.9 66.9 Source: U.S. Bureau of Labor Statistics, Current Employment Statistics. Excludes self-employed. 2018 forecast by IFO. Will There Be Enough Workers? March 1, 2019 10 0.65 0 Hits: 1 |
Presentation-2019-01-Mid-Year-Update.pdfU.S. forecasts from IHS Markit. Data from U.S. Bureau of Economic Analysis and Wall Street Journal. Annual PA Employment Growth (000s) January 29, 2019 4 2015 2016 2017 2018 Mining-Logging -3.8 -8.9 1.6 1.9 Hits: 1 |
Presentation-2018-11-19-CCAP.pdf9 25.1 Total Net Jobs 50.0 62.9 66.9 Source: U.S. Bureau of Labor Statistics, Current Employment Statistics. Excludes self-employed. 2018 forecast by IFO. PA Jobs Creation Since 2006 November 19, 2018 7 0.80 0 Hits: 1 |
Presentation-2018-06-PICPA.pdfManagement-Consulting 4.7% 1.2% 1.9% $97,774 Source: U.S. Bureau of Labor Statistics, Quarterly Census of Employment and Wages. 2017 is preliminary. June.12.2018 7 PA Natural Gas Statistics 2014 2015 2016 2017 2018 Production (bcf Hits: 1 |
PICPA Presentation_ June 11, 2019.pdfS. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federal Housing Finance Authority, Zillow. Change in PA Payroll Employment (000s) June 11, 2019 6 2016 2017 2018 2019 Q1 Mining-Logging -9.0 1.7 1.9 1.2 Hits: 1 |
perez ppt.pdf2012 State Budget Outlook: Strengths State revenue performance (35 states and PR) Budget reserves (AK, ME, NE) Employment growth (MI, OK and VA) Agricultural economy (IA, SD) Source: NCSL survey of state legislative fiscal offices, Fall 2011 Hits: 1 |
PBB_Board_Hearing_Sept_28_2021.pdfterm presence ▪ Move application due date out 15-30 days | more time to compile payroll data ▪ Formal documentation of baseline employment | ensures all jobs are new (no current abuse, a safeguard recommendation) September 28, 2021 6 CreationDate: 2021-09-28 17 Hits: 1 |
PBB_Board_Hearing_Jan_24_2022.pdf8 -- -- -- 0.8 Assistive Tech. Financing -- -- -- 0.5 -- -- 0.5 Assist. Tech. Dem. and Training -- -- -- 0.5 -- -- 0.5 Supported Employment -- -- -- 0.4 -- -- 0.4 Workers' Comp. Payments -- -- -- -- -- 0.3 0.3 Other -- -- -- -- -- 0.2 0.2 Total 8.6 7 Hits: 1 |
PBB_Board_Hearing_Apr_26_2021.pdfJune 30, 2035 ▪ Only 2 designated KSDZs | Aliquippa and Bethlehem ▪ Only 1 taxpayer participates | limited analysis Recommendations ▪ Documentation of baseline employment | ensures all jobs are new ▪ Implement program/project caps | limits tax impact ▪ Allow program to expire | limited use not worth Hits: 1 |
PBB_2023_PID_REPORT.pdfthe rate for almost all counties declined. The decline was likely related to the COVID-19 pandemic as disruptions to employment status could have impacted health insurance coverage. The final column in the table displays a representative monthly healthcare premium rate Hits: 1 |
PBB_2021_PSP_REPORT_ADDENDUM.pdfa misconduct allegation which, if founded, would give rise to formal discipline (written reprimand, suspension, demotion, transfer, or termination from employment). IAD investigations also consist of those incidents which automatically require an investigation due to department regulations. Supervisory resolutions are conducted Hits: 1 |
PBB_2021_DMVA_REPORT_ADDENDUM.pdfEducation Development test. HiSET is the High School Equivalency Test. Placement is defined as any one or combination of education, employment or military participation. Mentors of cadets support and follow up with cadets and report information to DMVA on placement. Keystone Hits: 1 |
PBB_2020_DOS_REPORT.pdfthe past. The time to obtain a professional license in Pennsylvania should be minimized to avoid barriers to employment. Analysis of these data in real- time will allow focus to be directed to licensure areas with longer processing times or statewide Hits: 1 |
PBB_2019_JCJC_Report.pdfand make recommendations on the same to courts presiding over juvenile proceedings; (4) examine the personnel practices and employment standards used in probation offices in the Commonwealth; and (5) establish standards and make recommendations on the same to the courts. In Hits: 1 |
PACB_Presentation_2021_8.pdfNumber Change (000s) YOY Percent Change Jul 20 Jan 21 Jul 21 Jul 20 Jan 21 Jul 21 Total Payroll Employment -556 -458 -362 -9.2% -7.6% -6.6% Construction -22 -12 -25 -7.9% -4.9% -9.7% Manufacturing Hits: 1 |
NewsStand_2019_October.pdfaudited just 0.59% of individual tax returns in tax year 2018—marking the 7th year of decline as IRS employment shrinks. Personal Consumption Expenditure Growth Accelerated in 2018 Pennsylvania personal consumption expenditures grew 4.9% in 2018, accelerating from a Hits: 1 |
NewsStand_2019_June.pdfin the country. Private Racetrack Industry Employs 30,000 On June 7, the Bureau of Labor Statistics released establishment and employment statistics for privately owned racetracks. California had the most privately owned racetracks (85), followed by Florida (60) and Illinois (41 Hits: 1 |
Newsstand_2019_April.pdfPennsylvania News Labor Market Slows in 2019 Q1 On April 19, the U.S. Bureau of Labor Statistics released state employment data for March. The data reveal a nota- ble slowdown in the number of jobs created for 2019 Q1. The Hits: 1 |
Municipal_Analysts_Presentation.pdfBureau of Economic Analysis and U.S. Bureau of Labor Statistics. October 19, 2017 13 Service Sector Drives Job Gains Employment (000s) Change (000s) 2007 2017 Number Percent Manufacturing 659 552 -107 -16.2% Local Government 490 449 -41 -8.3% Hits: 1 |
MRU-2020-05.pdf8 million, as payments began to arrive in accordance with the extended due dates. Despite a decline in April payroll employment of roughly 17 percent, withholding collections for April/May were only 7 percent below the same period of the prior Hits: 1 |
Monthly_Economic_Update_Table_December_2020.pdfEconomic Indicators 1. Source: U.S. Bureau of Labor Statistics- Survey of Households. 2. Year-over-year increase in payroll employment. Source: U.S. Bureau of Labor Statistics- Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source Hits: 1 |
Monthly_Economic_Update_September_2023.pdfEconomic Indicators 1. Source: U.S. Bureau of Labor Statistics- Survey of Households. 2. Year-over-year increase in payroll employment. Source: U.S. Bureau of Labor Statistics- Survey of Establishments. 3. Average price for one gallon of regular gasoline in Hits: 1 |
Monthly_Economic_Update_September_2021_Indicators.pdfEconomic Indicators 1. Source: U.S. Bureau of Labor Statistics- Survey of Households. 2. Year-over-year increase in payroll employment. Source: U.S. Bureau of Labor Statistics- Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source Hits: 1 |
Monthly_Economic_Update_September_2021.pdfEconomic Indicators 1. Source: U.S. Bureau of Labor Statistics- Survey of Households. 2. Year-over-year increase in payroll employment. Source: U.S. Bureau of Labor Statistics- Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source Hits: 1 |
Monthly_Economic_Update_September_2020.pdfEconomic Indicators 1. Source: U.S. Bureau of Labor Statistics- Survey of Households. 2. Year-over-year increase in payroll employment. Source: U.S. Bureau of Labor Statistics- Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source Hits: 1 |
Monthly_Economic_Update_October_2021_Indicators.pdfEconomic Indicators 1. Source: U.S. Bureau of Labor Statistics- Survey of Households. 2. Year-over-year increase in payroll employment. Source: U.S. Bureau of Labor Statistics- Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source Hits: 1 |
Monthly_Economic_Update_October_2021.pdfEconomic Indicators 1. Source: U.S. Bureau of Labor Statistics- Survey of Households. 2. Year-over-year increase in payroll employment. Source: U.S. Bureau of Labor Statistics- Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source Hits: 1 |
Monthly_Economic_Update_November_2021.pdfEconomic Indicators 1. Source: U.S. Bureau of Labor Statistics- Survey of Households. 2. Year-over-year increase in payroll employment. Source: U.S. Bureau of Labor Statistics- Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source Hits: 1 |
Monthly_Economic_Update_May_2023.pdfEconomic Indicators 1. Source: U.S. Bureau of Labor Statistics- Survey of Households. 2. Year-over-year increase in payroll employment. Source: U.S. Bureau of Labor Statistics- Survey of Establishments. 3. Average price for one gallon of regular gasoline in Hits: 1 |
Monthly_Economic_Update_May_2022.pdfEconomic Indicators 1. Source: U.S. Bureau of Labor Statistics- Survey of Households. 2. Year-over-year increase in payroll employment. Source: U.S. Bureau of Labor Statistics- Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source Hits: 1 |
Monthly_Economic_Update_May_2020.pdfEconomic Indicators 1. Source: U.S. Bureau of Labor Statistics- Survey of Households. 2. Year-over-year increase in payroll employment. Source: U.S. Bureau of Labor Statistics- Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source Hits: 1 |
Monthly_Economic_Update_March_2022.pdfEconomic Indicators 1. Source: U.S. Bureau of Labor Statistics- Survey of Households. 2. Year-over-year increase in payroll employment. Source: U.S. Bureau of Labor Statistics- Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source Hits: 1 |
Monthly_Economic_Update_June_2023.pdfEconomic Indicators 1. Source: U.S. Bureau of Labor Statistics- Survey of Households. 2. Year-over-year increase in payroll employment. Source: U.S. Bureau of Labor Statistics- Survey of Establishments. 3. Average price for one gallon of regular gasoline in Hits: 1 |
Monthly_Economic_Update_June_2022.pdfEconomic Indicators 1. Source: U.S. Bureau of Labor Statistics- Survey of Households. 2. Year-over-year increase in payroll employment. Source: U.S. Bureau of Labor Statistics- Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source Hits: 1 |
Monthly_Economic_Update_June_2021_Indicators.pdfEconomic Indicators 1. Source: U.S. Bureau of Labor Statistics- Survey of Households. 2. Year-over-year increase in payroll employment. Source: U.S. Bureau of Labor Statistics- Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source Hits: 1 |
Monthly_Economic_Update_June_2020.pdfEconomic Indicators 1. Source: U.S. Bureau of Labor Statistics- Survey of Households. 2. Year-over-year increase in payroll employment. Source: U.S. Bureau of Labor Statistics- Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source Hits: 1 |
Monthly_Economic_Update_July_2023.pdfEconomic Indicators 1. Source: U.S. Bureau of Labor Statistics- Survey of Households. 2. Year-over-year increase in payroll employment. Source: U.S. Bureau of Labor Statistics- Survey of Establishments. 3. Average price for one gallon of regular gasoline in Hits: 1 |
Monthly_Economic_Update_July_2021_Indicators.pdfEconomic Indicators 1. Source: U.S. Bureau of Labor Statistics- Survey of Households. 2. Year-over-year increase in payroll employment. Source: U.S. Bureau of Labor Statistics- Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source Hits: 1 |
Monthly_Economic_Update_July_2021_Final.pdfEconomic Indicators 1. Source: U.S. Bureau of Labor Statistics- Survey of Households. 2. Year-over-year increase in payroll employment. Source: U.S. Bureau of Labor Statistics- Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source Hits: 1 |
Monthly_Economic_Update_January_2022.pdfEconomic Indicators 1. Source: U.S. Bureau of Labor Statistics- Survey of Households. 2. Year-over-year increase in payroll employment. Source: U.S. Bureau of Labor Statistics- Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source Hits: 1 |
Monthly_Economic_Update_January_2021_Indicators.pdfEconomic Indicators 1. Source: U.S. Bureau of Labor Statistics- Survey of Households. 2. Year-over-year increase in payroll employment. Source: U.S. Bureau of Labor Statistics- Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source Hits: 1 |
Monthly_Economic_Update_Indicators_February_2022.pdfEconomic Indicators 1. Source: U.S. Bureau of Labor Statistics- Survey of Households. 2. Year-over-year increase in payroll employment. Source: U.S. Bureau of Labor Statistics- Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source Hits: 1 |
Monthly_Economic_Update_February_2021_Indicators.pdfEconomic Indicators 1. Source: U.S. Bureau of Labor Statistics- Survey of Households. 2. Year-over-year increase in payroll employment. Source: U.S. Bureau of Labor Statistics- Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source Hits: 1 |
Monthly_Economic_Update_December_2021.pdfEconomic Indicators 1. Source: U.S. Bureau of Labor Statistics- Survey of Households. 2. Year-over-year increase in payroll employment. Source: U.S. Bureau of Labor Statistics- Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source Hits: 1 |
Monthly_Economic_Update_December_2020.pdfEconomic Indicators 1. Source: U.S. Bureau of Labor Statistics- Survey of Households. 2. Year-over-year increase in payroll employment. Source: U.S. Bureau of Labor Statistics- Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source Hits: 1 |
Monthly_Economic_Update_August_2023.pdfEconomic Indicators 1. Source: U.S. Bureau of Labor Statistics- Survey of Households. 2. Year-over-year increase in payroll employment. Source: U.S. Bureau of Labor Statistics- Survey of Establishments. 3. Average price for one gallon of regular gasoline in Hits: 1 |
Monthly_Economic_Update_August_2021.pdfEconomic Indicators 1. Source: U.S. Bureau of Labor Statistics- Survey of Households. 2. Year-over-year increase in payroll employment. Source: U.S. Bureau of Labor Statistics- Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source Hits: 1 |
Monthly_Economic_Update_April_25_2023.pdfEconomic Indicators 1. Source: U.S. Bureau of Labor Statistics- Survey of Households. 2. Year-over-year increase in payroll employment. Source: U.S. Bureau of Labor Statistics- Survey of Establishments. 3. Average price for one gallon of regular gasoline in Hits: 1 |
Monthly_Economic_Update_April_2022.pdfEconomic Indicators 1. Source: U.S. Bureau of Labor Statistics- Survey of Households. 2. Year-over-year increase in payroll employment. Source: U.S. Bureau of Labor Statistics- Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source Hits: 1 |
Monthly_Economic_Update_April_2021_Indicators.pdfEconomic Indicators 1. Source: U.S. Bureau of Labor Statistics- Survey of Households. 2. Year-over-year increase in payroll employment. Source: U.S. Bureau of Labor Statistics- Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source Hits: 1 |
Monthly_Economic_Update_April_2021.pdfEconomic Indicators 1. Source: U.S. Bureau of Labor Statistics- Survey of Households. 2. Year-over-year increase in payroll employment. Source: U.S. Bureau of Labor Statistics- Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source Hits: 1 |
Memo-2019-03-Income-and-Property-Tax-Burden-for-Retirees.pdfstate. Table 6 FYE 2016 Long-Term Liabilities by State Notes: dollar amounts in millions. OPEB stands for Other Post-Employment Benefits. 1 Pew “50-State Survey of Retiree Health Care Liabilities“, Figure 4. 3 Individual State Pension System Reports/CAFRs Hits: 1 |
Labor_Market_Update_October_2021.pdf61.0% despite strong demand for workers. Labor Market Update October 2021 July August Sept July August Sept Total Payroll Employment -358.3 -365.5 -384.8 -11.6 -3.6 40.0 Construction -24.8 -24.1 -25.9 0 Hits: 1 |
Labor_Market_Update_June_23_2021.pdftraditional UC recipient may claim $6,500. Labor Market Update June 23, 2021 Mar Apr May Mar Apr May Total Employment -431.5 -446.9 -432.7 39.2 49.0 44.4 Construction -12.2 -13.4 -18.2 4 Hits: 1 |
Initial_Estimate_May_2017_Presentation.pdf1 50.6 n.a. May 2017 52.2 55.7 54.1 3 02.May.2017 Change in Payroll Employment (000s) 2015 2016 2017 Mining-Logging -3.8 -9.0 -1.4 Construction 6.5 3.7 7.5 Manufacturing Hits: 1 |
IFO_Revenue_Estimate_2013-14_Mid-Year_Update.pdfby 2.2 percent in the first half, well below the 3.6 percent projected for the full fiscal year. Employment and wage growth trends support a lower estimate for withholding revenues. PIT growth will be restrained by lower annual Hits: 1 |
IFO_Analyst_Opening.pdfEmployment Opportunity Independent Fiscal Office Analyst The Independent Fiscal Office (IFO) is accepting applications to fill an analyst position. The IFO Hits: 1 |
IFO_ Job_Posting_Jan_2022.pdfJob Posting – Independent Fiscal Office The IFO is accepting applications for employment. Qualified applicants should have a bachelor’s degree in a quantitative field such as economics, finance, accounting, statistics, or mathematics Hits: 1 |
GPNP July 10, 2012 final.pdfJul.2012 10 2012 GPNP Conference Economic Outlook: Another Summer Slowdown? European debt crisis continues to simmer. Weak employment reports for May and June. Uncertainty over federal tax and spending policy. Consumer confidence declining. 10.Jul.2012 Hits: 1 |
EPLC Feb 2020 FINAL.pdf2 20.5 Total Net Jobs 58.8 65.6 45.6 Source: U.S. Bureau of Labor Statistics, Current Employment Statistics. Excludes self-employed. 2019 is preliminary. PA Cash Income Sources ($ billions) February 28, 2020 8 2006 Share 2018 Share Hits: 1 |
Econ Summit Presentation Feb 28 2017.pdf875 978 102 11.7% Transportation-Storage 240 270 29 12.2% Admin-Management 392 442 50 12.7% Total Employment 5,800 5,880 80 1.4% Source: U.S. Bureau of Labor Statistics. Data for 2016 are preliminary. PA Hits: 1 |
Demographics_Outlook_2020.pdfcounted as residents for the purpose of the Census. While most return to their home state, some secure employment and remain in the state. 2010-15 2015-20 2020-25 2025-30 Start of Period 12,711 12,785 12,802 Hits: 1 |