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 |
Senate Budget Hearing RequestThe Independent Fiscal Office (IFO) responded to requests for additional information raised at the office’s budget hearing before the Senate Appropriations Committee. The requests relate to an adjusted financial statement, public assistance savings resulting from a higher minimum wage, impact of the Ohio rate structure on Pennsylvania tax liability, net migration for Pennsylvania, regional student loan debt comparison and U3 and U6 unemployment rates. 03/06/2024 |
SEIU Local 668 - UC Referees 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. 02/15/2024 |
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 |
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 |
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 |
PBB_2022_DLI_REPORT.pdfleft blank. – Table of Contents Background on Performance-Based Budgeting ...................................................................................... 1 Department of Labor and Industry Overview ........................................................................................ 3 Activity 1: Unemployment Compensation Benefits ................................................................................. 9 Activity 2: Unemployment Compensation Tax Services ........................................................................ 17 Activity 3: Unemployment Compensation Appeals ............................................................................... 21 Activity 4: Workforce Development .................................................................................................... 23 Activity 5: Apprenticeship and Training Hits: 63 |
IFO - Economic and Budget Outlook - January 2012.pdfIn particular: • Real growth remains modest for the US (2.0 percent) and the Commonwealth (1.6 percent) for 2012. • Unemployment remains elevated for the US (8.8 percent) and the Commonwealth (7.9 percent) for 2012. • Real growth for the US peaks in 2014 (3.4 percent) with elevated unemployment (7.9 percent). • Real growth for the Commonwealth peaks in 2014 (3.2 percent) with elevated unemployment (7.1 percent Hits: 28 |
Five_Year_Outlook_2021.pdf11.5% from the prior year in 2021 Q2. ▪ Personal Income recorded historic growth in 2021 Q1 due to federal unemployment compensa- tion programs, economic impact payments and Paycheck Protection Program (PPP) transfers. Growth in 2021 Q2 contracts due to the U excluding Shelter is a better metric for actual con- sumer purchases because it excludes rent imputed to homeowners. ▪ The Unemployment Rate continues to decline, largely due to departures from the labor force. ▪ Compared to 2019 Q3, the state labor force Hits: 18 |
Revenue_Estimate_2021_05.pdffurther mitigation efforts and business closures. It also assumes that no new federal monies flow to state residents and temporary unemployment compensation (UC) programs expire as scheduled in September. Pennsylvania Economic Forecast Table 1.1 displays a summary of the Pennsylvania struggles of working parents, such as the continued concern about the threat of getting Covid-19 at work or expanded unemployment insurance benefits and eligibility." See “How Much Have Childcare Challenges Slowed the US Jobs Market Recovery” Furman et al., Peterson Hits: 17 |
RB_2021_01_Economic_Impact_of_Federal_Stimulus.pdfand provides a brief discussion of the following provisions: ▪ Economic Impact Payments (EIPs), commonly referred to as stimulus checks. ▪ Expanded unemployment compensation (UC) programs. ▪ Expansion of the Child Tax Credit for tax year (TY) 2021. ▪ Emergency allotments to the Supplemental Nutrition AGI) thresholds. The table below details the general provisions of the three rounds. CY 2020 CY 2021 Total Federal Pandemic Unemployment Comp (FPUC) $16.19 $7.63 $23.82 Pandemic Unemployment Assistance (PUA) 7.05 2.98 10.02 LWA and Hits: 17 |
June_Revenue_Estimate_2021.pdffurther mitigation efforts and business closures. It also assumes that no new federal monies flow to state residents and temporary unemployment compensation (UC) programs expire as scheduled in September. Pennsylvania Economic Forecast Table 1.1 displays a summary of the Pennsylvania struggles of working parents, such as the continued concern about the threat of getting Covid-19 at work or expanded unemployment insurance benefits and eligibility." See “How Much Have Childcare Challenges Slowed the US Jobs Market Recovery” Furman et al., Peterson Hits: 17 |
Economic_and_Revenue_Update_2020_10.pdfEconomic Update | Page 2 to the COVID-19 pandemic and related mitigation efforts and (2) state and federal unemployment com- pensation payments plus the economic impact payments received by Pennsylvania residents. The IFO estimates that wage and salary income declines by Overall, the IFO assumes foregone labor income of $25.5 billion for CY 2020. 1 By comparison, the unemployment compensation and economic impact payments inject $42.3 billion into the state economy, which more than offsets lost labor income. It is Hits: 17 |
Five_Year_Outlook_2020.pdfGDP growth offset much of the loss from the prior quarter. Personal income recorded strong growth due to special unemployment compensation programs, economic impact payments and Paycheck Protection Program (PPP) loans. 2 For 2020 Q4, the latest data reveal year-over-year wage growth after two quarters of contraction. The unemployment rate continues to improve, partly due to a contraction of the labor force. 2 The National Income and Product Accounts Hits: 15 |
2013-05_Monthly_Economic_Summary.pdfUnited States Economic Indicators Monthly Economic Report M a y 2 0 1 3 Unemployment Rate The number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase 61 1,310 1,569 1,598 1,631 1.7% 1.5% 1.1% n.a. Pennsylvania Economic Indicators Unemployment Rate The number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase Hits: 13 |
Revenue-Estimate-2020-05.pdfforecasts project that U.S. real GDP will decline by 6.0 and 7.3 percent and the unemployment rate will increase to 11.5 and 14.9 percent. Both forecasts assume a partial recovery in CY 2021, but not a 2.9% 2.3% -6.0% 4.4% -- Wages-Salaries 5.0% 4.6% -6.1% 4.9% -- Unemployment Rate 3.9% 3.7% 11.5% 9.3% -- Net Payroll Jobs 1.6% 1.4% -9.4% 3.0% -- Labor Force Hits: 10 |
Official-Revenue-Estimate-2020-06.pdfforecasts project that U.S. real GDP will decline by 6.0 and 7.3 percent and the unemployment rate will increase to 11.5 and 14.9 percent. Both forecasts assume a partial recovery in CY 2021, but not a 2.9% 2.3% -6.0% 4.4% -- Wages-Salaries 5.0% 4.6% -6.1% 4.9% -- Unemployment Rate 3.9% 3.7% 11.5% 9.3% -- Net Payroll Jobs 1.6% 1.4% -9.4% 3.0% -- Labor Force Hits: 10 |
PBB_2020_DCED_REPORT.pdfMaryland 4.0 29 1.1 29 0.74 34 United States 3.9 -- 1.8 -- 0.76 -- Unemployment Rate and Jobs Growth Source: Employment data from U.S. Bureau of Labor Statistics. Working age data from U.S. Census Bureau AAGR is average annual growth rate. States listed based on total population. Job Growth and Participation (2013-18) Unemployment (2018) Minority % of Population % Minority-Owned Businesses (2016) State Rank Minority-Owned Business AAGR 2 State Rank New York 29.9% 23 Hits: 9 |
Monthly_Economic_Update_August_2020.pdf53,400 jobs from the prior month after adding 227,300 and 217,400 in May and June, respectively. The unemployment rate ticked up from 13.2% in June to 13.7% in July, due in part to almost 88,000 pandemic: manufacturing (-77,000 loss, 51% recovered) and healthcare (-89,000 loss, 47% recovered). Pennsylvanians Received Over $25 Billion in Unemployment Benefits Since March On August 11, the Wall Street Journal released an analysis of the Federal Pandemic Unemployment Compensation (FPUC Hits: 9 |
Demographics_Outlook_2022.pdfLFPR by Age Group for PA and U.S. (2018 - 2022) Source: U.S. Bureau of Labor Statistics. Local Area Unemployment Statistics. Pennsylvania 65-74and 75+ data estimated by IFO. 2022 is estimated by IFO using BLS data through August 2022 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 latest monthly BLS data. The unemployment rate is assumed to be 5.0% Hits: 9 |
Revenue_Estimate_2022_06.pdfPage 3 ▪ Data for 2022 Q2 show that payroll jobs increased by 193,300 from the prior year. The latest unemployment rate is 4.7% and the labor force participation rate is 61.6%. For May 2019, the unemployment rate was 4.3% and the labor force participation rate was 63.0%. The much lower participation rate implies that Hits: 8 |
Revenue_Estimate_2022_05.pdfyear. ▪ Data for 2022 Q2 (April only) show that payroll jobs increased by 201,400 from the prior year. The unemployment rate was 4.8% and the labor force participation rate was 61.4%. For April 2019, the unemployment rate was 4.4% and the labor force participation rate was 63.0%. The much lower participation rate implies that Hits: 8 |
Revenue-Update-2020-04.pdf1) and -1.7 percent (Scenario 2). Both scenarios assume that 1.1 million workers (includes self-employed that receive unemployment compensation) are impacted by business closures in 2020 Q2. In Scenario 1, one-half return to work after the six- percent, but rebounds by 3.3 percent in CY 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 Hits: 8 |
Monthly_Economic_Update_October_2022.pdfPA New UI Claims and Unemployment Rate at All-Time Record Lows The latest poll of economic forecasters projects a 60% probability for a US economic but remains above pre-COVID average job openings. These data lag other labor market data by one month. Initial Unemployment Insurance (UI) Claims. Average new weekly claims for unemployment compensation during the month. The average number of new claims fell Hits: 8 |
Monthly_Economic_Update_March_2023.pdfand remains well above pre-COVID average job openings. These data lag other labor market data by one month. • Initial Unemployment Insurance (UI) Claims Average new weekly claims for unemployment compensation during the month. The average number of new claims decreased to 12,400 in January 2023, returning below the Hits: 8 |
Senate_Appropriations_Committee_Response_Letter_2021.pdfto the prior year, of which 4.3 million (-5.7% reduction) were held by women. In April 2020, the unemployment rate for women was 15.7% compared to 13.3% for men. By February 2021, the unemployment rate for women had declined to 6.1% and 7.0% for men. 1 Much of the reason for the Hits: 7 |
Monthly_Economic_Update_November_2022.pdfand remains well above pre-COVID average job openings. These data lag other labor market data by one month. • Initial Unemployment Insurance (UI) Claims. Average new weekly claims for unemployment compensation during the month. The average number of new claims increased to 7,900 in October 2022 but the number Hits: 7 |
Monthly_Economic_Update_December_2022.pdfand remains well above pre-COVID average job openings. These data lag other labor market data by one month. • Initial Unemployment Insurance (UI) Claims. Average new weekly claims for unemployment compensation during the month. The average number of new claims increased to 10,600 in November 2022 but the number Hits: 7 |
Monthly_Economic_Update_April_4_2023.pdfand remains above pre-COVID average job openings. These data lag other labor market data by one month. Initial Unemployment Insurance (UI) Claims Average new weekly claims for unemployment compensation during the month. The average number of new claims decreased to 9,300 in February 2023, which is lower Hits: 7 |
MER-2014-01.pdfMonthly Economic Report Independent Fiscal Of Ðice ‐ Commonwealth of Pennsylvania United States Economic Indicators Unemployment Rate The number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase 3.46 3.49 1.8% 0.3% 1.2% 1.2% 7.2% 16.9% 15.6% n.a. Unemployment Rate The number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase Hits: 7 |
2012-07 Monthly Economic Summary10.pdf2 April 8.1% 156.7 6.1% 8.0% 76.4 54.8 3.90 1,398 2.3% Unemployment Rate The number of individuals unemployed divided by the labor force. Data are from the US Department of Labor - Survey 0 1 2 April 7.4% 7.4 6.5% 10.2% 11.7% 8.5 3.93 2.0% Unemployment Rate The number of individuals unemployed divided by the labor force. Data are from the US Department of Labor - Survey Hits: 7 |
PBB_2021_DMVA_REPORT_ADDENDUM.pdfa decade high of 1,462 in 2013 to 857 in 2019, a decline of over 40 percent. The veteran unemployment rate also declined from 9.3 percent (2011) to 3.6 percent (2019), a drop of over 60 percent. Over 1, 2019. The MFEP allows spouses and children of PANG members to attend college at no or reduced cost. 2 Unemployment and education data from U.S. Census Bureau. Homelessness data from the U.S. Housing and Urban Development and U Hits: 6 |
novak ppt.pdfand capital gains portion fell in 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 MA, Global Insight, Moody’s) • Beware: National economy is composed of many smaller different economies. Risks are downward facing • Housing • Unemployment • Shrinking government sector Advantage Seen but Unrealized in Residential Housing 100 150 200 250 300 3.5 4.5 5 Hits: 6 |
Monthly_Economic_Update_September_2022.pdfJune but remains above pre-COVID average job openings. These data lag other labor market data by one month. • Initial Unemployment Insurance (UI) Claims. Average new weekly claims for unemployment compensation during the month. The average number of new claims fell to 6,800 in August 2022, and the number Hits: 6 |
Monthly_Economic_Update_September_2020.pdftransfer payments (83.6%). The large increase was driven by the distribution of federal economic impact payments and growth in unemployment insurance which includes Pandemic Unemployment Compensation Payments, Pandemic Unemployment Assistance and Pandemic Emergency Unemployment Compensation. Personal consumption fell 10.0% from the same period in Hits: 6 |
Monthly_Economic_Update_May_2020.pdfanalyzes the impacts of COVID-19 on deaths due to drug, alcohol or suicide; also called deaths of despair. Rising unemployment rates, isolation and uncertainty are three contributing factors that could lead to an increase in these types of deaths. Studies find that a one point increase in the unemployment rate can increase the suicide rate by 1.0% to 1.6%, drug-related deaths by 3.3% and opioid- Hits: 6 |
Monthly_Economic_Update_July_2022.pdfand suggest that labor demand has not abated. These data lag other labor market data by one month. Initial Unemployment Insurance (UI) Claims. Average of new weekly claims for unemployment compensation during the month. New claims remain below the pre-COVID level, but part of that outcome is impacted by Hits: 6 |
Monthly_Economic_Update_July_2020.pdfstimulus payment to pay down debt and 11.8% of households plan to save or invest their stimulus payment. Pennsylvania Unemployment Rate Declines to 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 13.4% Hits: 6 |
Monthly_Economic_Update_August_2022.pdflatest estimate still exceeds pre-COVID average job openings. These data lag other labor market data by one month. • Initial Unemployment Insurance (UI) Claims. Average new weekly claims for unemployment compensation during the month. The average number of new claims fell to 8,100 in July 2022 and the number Hits: 6 |
Five_Year_Outlook_2022.pdfLFPR by Age Group for PA and U.S. (2018 - 2022) Source: U.S. Bureau of Labor Statistics. Local Area Unemployment Statistics. Pennsylvania age 65-74 and 75+ data estimated by IFO. 2022 data are estimated by IFO using BLS data shown in Table 2.3 change proportionately with the LFPR for the total population. ▪ The demographics forecast is accurate. ▪ The unemployment rate is 5.0%. For those age 16 and older, the LFPR must increase by roughly 0.5 percentage points Hits: 6 |
Revenue_Estimate_2023_06.pdfreversion to pre-pandemic growth rates (roughly 4%), with extra strength due to a tight labor market and record low unemployment. 2022 2023 2024 2022 2023 2024 Real GDP 2.1% 1.7% 0.6% 2.1% 1.7% 1.3% 2023. Preliminary data for 2023 Q2 show that payroll jobs increased by 149,000 from the prior year. The unemployment rate was 4.1% and the labor force participation rate was 62.0%. For 2019 Q2, the unemployment rate was Hits: 5 |
Revenue_and_Economic_Update_Presentation_2020_10.pdf0 -$2.8 -$11.7 -$7.4 -$6.4 $24.3 $14.3 $3.6 billions of dollars PUA - Pandemic Unemployment Assistance Program runs from Jan 27 (back claims) to end of year Uses only federal dollars | Average weekly amount 5% -2.6% stronger than expected Philadelphia CPI-U 2.0% 2.6% 0.0% 0.4% weak energy prices Unemployment Rate 4.4% 5.4% 14.0% 10.4% ex. discouraged workers Change Payroll Jobs (000s) 54 28 -849 -506 Hits: 5 |
Revenue-Estimate-2023-05.pdfreversion to pre-pandemic growth rates (roughly 4%), with extra strength due to a tight labor market and record low unemployment. 2022 2023 2024 2022 2023 2024 Real GDP 2.1% 1.6% 1.2% 2.1% 1.4% 1.0% Data for 2023 Q2 (April only) show that payroll jobs increased by 147,000 (preliminary) from the prior year. The unemployment rate was 4.1% and the labor force participation rate was 62.0%. For April 2019, the unemployment rate was Hits: 5 |
RB_2022_12_UC_By_AGI.pdfreturns for tax year 2020. These data provide the most complete snapshot of income levels for Pennsylvania residents who received unemployment compensation (UC) during the first year of the COVID-19 pandemic. For that year, the federal government enacted several special UC programs including the Pandemic Unemployment Assistance (PUA) program for self-employed (normally ineligible), the Federal Pandemic Unemployment Compensation (FPUC) program that provided an extra $600 Hits: 5 |
RB_2022_10_Worker_Shortage.pdfretaining staff due to labor market conditions that remain very tight. For Pennsylvania, the latest data (September 2022) show an unemployment rate of 4.1% and 263,560 unemployed residents seeking work. 1 The unemployment rate is now at the lowest value on record (first published in 1976). Other labor market data show that the Hits: 5 |
RB_2022_08_Worker_Shortage.pdfresearch brief updates an original release in July 2022 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 considerably higher than those paid prior to the COVID-19 pandemic. For Pennsylvania, the latest data (July 2022) show an unemployment rate of 4.3% and 275,100 unemployed residents seeking work. 1 Both metrics are somewhat lower than annual averages Hits: 5 |
Monthly_Economic_Update_January_2023.pdfremains well above pre-COVID average job openings. These data lag other labor market data by one month. Initial Unemployment Insurance (UI) Claims Average new weekly claims for unemployment compensation during the month. The average number of new claims increased to 14,600 in December 2022, meeting the pre- Hits: 5 |
IFO_Hearing_Materials_Feb_22_2022.pdf896 -517 -468 -399 -373 -321 -294 5 Labor Force (vs 2019) -96 -160 -231 -167 -200 -231 -311 6 Unemployment Rate 14.3 10.1 7.1 7.3 7.0 6.4 5.7 7 Auto Loan Debt -1 Pandemic Relief Programs Economics – Pandemic Relief Programs CY 2020 CY 2021 CY 2022 Total Payments to Individuals and Businesses State Unemployment Compensation $5.2 $0.8 $0.0 $6.0 Fed. Pandemic Unemployment Comp (FPUC) 16.2 8.8 0.0 Hits: 5 |
IFO ppt.pdf6,100 January 2012 5,682 5,748 5,828 5,915 6,070 change -35 -80 -75 -60 -31 Unemployment Rate June 2011 7.5% 6.9% 6.5% 6.0% 5.0% January 2012 7.9% 7.9% 7 Outlook 2012 Revenue Conference Cause: Unexpected Labor Market Weakness 6% 7% 8% 9% 10% 11% Budget US PA March 2010 Unemployment Rate January 18, 2012 Independent Fiscal Office Economic & Budget Outlook 2012 Revenue Conference Some Recent Encouraging Signs… • US unemployment rate Hits: 5 |
index.cfmOhio rate structure on Pennsylvania tax liability, net migration for Pennsylvania, regional student loan debt comparison and U3 and U6 unemployment rates. ... (Full Report) February 2024 Revenue Update Revenue & Economic Update March 01, 2024 The Commonwealth collected $2.77 billion in analysis of the collective bargaining agreement between the Commonwealth of Pennsylvania and the Service Employees International Union (SEIU) Local 668 Unemployment Compensation (UC) Referees. ... (Full Report) State and Local Tax Revenues: A 50 State Comparison Economics and Other February 14, 2024 Hits: 5 |
State_Tax_Comparison_2023_02.pdfall sources of income such as wages, business income, interest, dividends, rents, royalties, employer contributions to pension and health plans, unemployment compensation and transfer income (e.g., Social Security, various medical and income maintenance benefits). Similar to other published tax burden compared. Due to the COVID-19 pandemic, all states received large infusions of federal stimulus funds such as various federal unemployment compensation programs (e.g., Pandemic Unemployment Assistance (PUA)), economic impact payments and expanded SNAP benefits. Most of those programs are Hits: 4 |
Senate_Appropriations_Committee_Response_Letter_2024.pdfthe lowest prototype taxpayer. Age 65+ Prototype Taxpayers March 15, 2024 Page 9 Senator Dush requested updated U3 and U6 unemployment data. The figure below displays the official unemployment rate (also known as the U3 series) and the U6 rate for the U.S. from January 2006 through January Hits: 4 |
Senate_Appropriations_Committee_Response_Letter_2023.pdfApril 2020 through July 2022) March 31, 2023 Page 3 Senator Dush requested data that compares the U3 and U6 unemployment rates. The figure below displays the official unemployment rate (also known as the U3 series) and the U6 rate for the U.S. from January 2006 through February Hits: 4 |
Revenue-Proposal-Analysis-2018-04.pdfthe 2017 Current Population Survey (CPS). 17 The CPS provides data on the labor force, em- ployment levels, unemployment rates and various demographic characteristics. The monthly survey includes 60,000 U.S. households and is designed so that state‐specific observations for that group equals the difference, or $1.16 billion. 27 27 Some of these workers would receive unemployment compensation, which would offset their income loss. However, that would only occur in the near-term for certain workers who did not Hits: 4 |
Revenue-Estimate-2020-05-Presentation.pdfReal GDP 2.3% -7.3% 5.1% 4.6% Wages-Salaries 4.6% -9.0% 7.7% 7.5% Unemployment Rate 3.7 14.9 13.5 9.5 Net Payroll Jobs 1.4% -13.5% 4.3% 7.3% Real GDP 2.3% -6.0% 4.4% n.a. Wages-Salaries 4.6% -6.1% 4.9% n.a. Unemployment Rate 3.7 11.5 9.3 n.a. Net Payroll Jobs 1.4% -9.4% 3.0% n.a Hits: 4 |
RB_2022_07_Worker_Shortage.pdfconsiderably higher than those paid prior to the COVID-19 pandemic. For Pennsylvania, the latest data (May 2022) show an unemployment rate of 4.6% and roughly 300,000 unemployed residents seeking work. 1 Both metrics are similar to annual averages for 2018 and 2019. However, current data show that the unemployment rate and number unemployed are relatively low not only due to strong labor demand, but also because many workers left Hits: 4 |
Official-Revenue-Estimate-2020-06-Presentation.pdfReal GDP 2.3% -7.3% 5.1% 4.6% Wages-Salaries 4.6% -9.0% 7.7% 7.5% Unemployment Rate 3.7 14.9 13.5 9.5 Net Payroll Jobs 1.4% -13.5% 4.3% 7.3% Real GDP 2.3% -6.0% 4.4% n.a. Wages-Salaries 4.6% -6.1% 4.9% n.a. Unemployment Rate 3.7 11.5 9.3 n.a. Net Payroll Jobs 1.4% -9.4% 3.0% n.a Hits: 4 |
NewsStand_2019_December.pdfby $37 million compared to 2018. The IFO will release an updated projection of 2019 collections in late January. Metro Unemployment Rates A recent brief by the Federal Reserve Bank of Philadelphia compares unemployment rates in metropolitan sta- tistical areas (MSAs) across the past three business cycles and explores factors that increase cyclical sensitivity Hits: 4 |
MSC_March_31_2022.pdfPandemic Relief Programs March 31, 2022 5 CY 2020 CY 2021 CY 2022 Total Payments to Individuals and Businesses State Unemployment Compensation $5.2 $0.8 $0.0 $6.0 Fed. Pandemic Unemployment Comp (FPUC) 16.2 8.8 0.0 25.0 Pandemic Unemployment Assistance (PUA) 7.0 4.1 0.0 Hits: 4 |
Monthly_Economic_Update_Oct_2023.pdfthe Independent Fiscal Office. Pennsylvania Housing Market Indicators Monthly Data May-23 Jun-23 Jul-23 Aug-23 Sep-23 Unemployment Rate (U3) 1 4.0% 3.8% 3.5% 3.5% 3.4% Net Job Gains (000s) 2 153.6 9.5% 8.3% 5.3% 5.2% Monthly Data May-23 Jun-23 Jul-23 Aug-23 Sep-23 Unemployment Rate (U3) 1,13 3.7% 3.6% 3.5% 3.8% 3.8% Unemployment Rate (U6) 1,13 6 Hits: 4 |
Monthly_Economic_Update_Nov_2023.pdf2023 Credit Cards Auto Loans Student Loans Mortgages Monthly Data Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Unemployment Rate (U3) 1 3.8% 3.5% 3.5% 3.4% 3.4% Net Job Gains (000s) 2 157.3 8.3% 5.3% 5.2% n.a. Monthly Data Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Unemployment Rate (U3) 1,13 3.6% 3.5% 3.8% 3.8% 3.9% Unemployment Rate (U6) 1,13 6 Hits: 4 |
Monthly_Economic_Update_May_2023.pdfMarket are medians. Data exclude sales by owners. Monthly Data Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 Unemployment Rate (U3) 1 4.3% 4.3% 4.4% 4.2% 4.1% Net Job Gains (000s) 2 184.8 12.9% 9.6% 8.1% n.a. Monthly Data Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 Unemployment Rate (U3) 1,12 3.5% 3.4% 3.6% 3.5% 3.4% Unemployment Rate (U6) 1,12 6 Hits: 4 |
Monthly_Economic_Update_June_2023.pdfMarket are medians. Data exclude sales by owners. Monthly Data Jan-23 Feb-23 Mar-23 Apr-23 May-23 Unemployment Rate (U3) 1 4.3% 4.4% 4.2% 4.1% 4.0% Net Job Gains (000s) 2 193.2 12.7% 9.6% 8.3% 4.8% Monthly Data Jan-23 Feb-23 Mar-23 Apr-23 May-23 Unemployment Rate (U3) 1,12 3.4% 3.6% 3.5% 3.4% 3.7% Unemployment Rate (U6) 1,12 6 Hits: 4 |
Monthly_Economic_Update_June_2021.pdfrepresented 17% of the Pennsylvania workforce in 2019 Q3, but 19% of the job loss in 2020 Q3. Traditional continued unemployment compensation (UC) claims data (excludes the Pandemic Unemployment Assistance (PUA) program) from August 2020 published by the Pennsylvania Department of Labor and Industry are relatively comparable to the Hits: 4 |
Monthly_Economic_Update_July_2023.pdf10% All Items All Items Less Energy Rent Monthly Data Feb-23 Mar-23 Apr-23 May-23 Jun-23 Unemployment Rate (U3) 1 4.4% 4.2% 4.1% 4.0% n.a. Net Job Gains (000s) 2 166.8 12.7% 9.6% 8.3% 4.8% Monthly Data Feb-23 Mar-23 Apr-23 May-23 Jun-23 Unemployment Rate (U3) 1,13 3.6% 3.5% 3.4% 3.7% n.a. Unemployment Rate (U6) 1,13 6 Hits: 4 |
Monthly_Economic_Update_August_2023.pdf4% 6% 8% 10% All Items OER Rent Monthly Data Mar-23 Apr-23 May-23 Jun-23 Jul-23 Unemployment Rate (U3) 1 4.2% 4.1% 4.0% 3.8% 3.5% Net Job Gains (000s) 2 156.2 9.6% 8.3% 4.8% n.a. Monthly Data Mar-23 Apr-23 May-23 Jun-23 Jul-23 Unemployment Rate (U3) 1,13 3.5% 3.4% 3.7% 3.6% 3.5% Unemployment Rate (U6) 1,13 6 Hits: 4 |
Monthly_Economic_Update_April_25_2023.pdfMarket are medians. Data exclude sales by owners. Monthly Data Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Unemployment Rate (U3) 1 4.4% 4.3% 4.3% 4.4% 4.2% Net Job Gains (000s) 2 187.6 14.6% 12.9% 9.6% 8.1% Monthly Data Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Unemployment Rate (U3) 1,12 3.6% 3.5% 3.4% 3.6% 3.5% Unemployment Rate (U6) 1,12 6 Hits: 4 |
IFO_Hearing_Materials_March_2023.pdf6,276 6,012 6,151 6,211 -264 -125 -65 Unemployed (000s) 299 485 289 281 186 -10 -18 Unemployment Rate 4.5 7.5 4.5 4.3 2.9 -0.1 -0.2 Labor Force Participation Rate 63 Pandemic Relief Programs End Economics – Pandemic Relief Programs End 2020 2021 2022 2023 Total Payments to Individuals or Businesses State Unemployment Compensation $5.2 $0.8 -- -- $6.0 Federal Pandemic Unemployment Comp (FPUC) 16.2 8.8 $0.1 $0.0 Hits: 4 |
Five_Year_Outlook_2019.pdfdefinition, a structural surplus or deficit reflects an economy that operates at full-employment (i.e., has an unemployment rate that equals the “natural rate” of unemployment for the state economy, roughly 4 to 5 percent) and omits any one-time measures such as the temporary shifting of funds Hits: 4 |
2012-11 Monthly Economic Summary- DRAFT 6.pdfOct-12 7.9% 170.3 4.8% 10.0% 82.6 51.7 3.74 1,412 2.2% Unemployment Rate The number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase Information Administration. 8/ Standard and Poor’s. 9/ U.S. Department of Labor - Bureau of Labor Statistics. Pennsylvania Economic Indicators Unemployment Rate The number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase Hits: 4 |
SEIU_Local_668_UC_Referees_Wage_Contract_Analysis_2024.pdfThe analysis considers the recent collective bargaining agreement between the Commonwealth and the Service Employees International Union (SEIU) Local 668 - Unemployment Compensation (UC) Referees. (See Table 1 and Methodology on the last page.) The analysis uses the following parameters and data January 2024 step increase, multiplied by the 2.0% GPI. Table 1 Analysis of Collective Bargaining Agreement SEIU Local 668 - Unemployment Compensation Referees 1 Annual savings from the replacement of high-wage senior workers with less experienced lower wage workers (1 Hits: 3 |
SEIU Local 668 UC Referees Analysis- 2020.pdfThe analysis considers the recent collective bargaining agreement between the Commonwealth and the Service Employees International Union (SEIU) Local 668 Unemployment Compensation (UC) Referees Unit. The analysis uses the following parameters and data obtained from the state accounting system as of percent GPI. The total is prorated for the October 2020 effective date. Analysis of Collective Bargaining Agreement SEIU Local 668 Unemployment Compensation Referees Unit millions of dollars 1/ Annual savings from the replacement of high-wage senior workers with less experienced Hits: 3 |
Revenue_Estimate_Presentation_2022_05.pdf3.2% 4.6% 6.1% 7.3% 8.4% Change Payroll Jobs (000s) -406 558 235 195 210 201 Unemployment Rate 7.3% 6.7% 6.1% 5.5% 5.1% 4.8% Labor Force Part. Rate 61.9% 61 U.S. Bureau of Economic Analysis. Federal Monies to Pennsylvania May 23, 2022 5 2020 2021 2022 Total Federal Pandemic Unemployment (FPUC) $16.2 $8.8 $0.1 $25.0 Pandemic Unemployment Assistance (PUA) 7.0 4.1 0.0 11 Hits: 3 |
Revenue_Estimate_2021_05_Presentation.pdfEconomic Analysis. Forecasts by IFO. Federal Monies to Pennsylvania May 26, 2021 5 CY 2020 CY 2021 Total Federal Pandemic Unemployment (FPUC) $16.2 $7.6 $23.8 Pandemic Unemployment Assistance (PUA) 7.1 3.0 10.0 LWA and UC Extensions 3.1 2.8 5.9 SNAP 0 Hits: 3 |
RB_2022_12_Worker_Reduction_By_Age.pdfQWI 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 S. Bureau of Labor Statistics does not publish self- employment data at the state level. For October 2022, the Pennsylvania unemployment rate reached the lowest rate (4.0% seasonally adjusted, 3.3% non-seasonally adjusted) since data have been published (1976 Hits: 3 |
RB_08_2023_County_Income_Patterns.pdfFor 2021, the BEA estimates that $52 billion was disbursed to county residents and business owners through various programs including unemployment compensation (UC, $16 billion, includes state amounts above “normal” payments), economic impact payments (EIPs, $23 billion), emergency SNAP benefits ($4 12 9 156 4,200 Pandemic Relief Programs (2021) Note: Pandemic relief in millions of dollars. UC is pandemic-related Unemployment Compensation, EIP is Economic Impact Payments, LWA is Lost Wage Assistance, PPP is Paycheck Protection Program loans, SNAP & P-EBT Hits: 3 |
Presentation_PICPA_9-24-2013.pdfconfidence. Monetary Policy – start of the Fed “taper”? o In June, Fed says taper would start soon and end when unemployment rate at roughly 7% (mid-2014). o But unemployment rate is falling for wrong reasons. 24 . Sept . 2013 6 Federal Reserve Current Policy: QE3. o Sept 2012: Commits to Hits: 3 |
PMTA_Presentation_April_2023.pdf98 $3.52 $3.67 (Apr 17) Diesel (all types) $4.29 $6.18 $4.96 $4.54 (Apr 17) Unemployment Rate 4.4% 4.3% 4.4% near record low # Unemployed (000s) 284 277 284 Note: All growth rates are decline in April Pandemic Stimulus Ends ($ billions to PA) April 19, 2023 9 2020 2021 2022 2023.1 2023.2 Unemployment Comp $31.5 $16.9 $0.1 -- -- Economic Impact Payments 11.2 22.1 0.8 -- -- Paycheck Protection 20.7 Hits: 3 |
PICA_Presentation_2020_11.pdfclosures most PA businesses able to reopen (limited) Year-over-Year Growth State $940 m Note: FPUC is Federal Pandemic Unemployment Compensation. PUA is Pandemic Unemployment Assistance. PPP is Paycheck Protection Program. LWA is Lost Wage Assistance. Growth rates control for revenue shifts. Collections partially based Hits: 3 |
PBB_Board_Hearing_Jan_24_2022.pdfin $ millions. Does not include the General Fund transfer to the Vocational Rehabilitation Fund ($47.9 million). DLI Metric Highlights Unemployment caused by the COVID-19 pandemic and mitigation efforts increased caseloads and backlogs for department services ▪ First payment timeliness fell and 25% 2021 ▪ Average age of UC appeals increased from 23 days in 2019 to 119 days in 2021 The unemployment surge also impacted unemployment program integrity ▪ The overpayment rate from April 2020 – March 2021 was 16.3%, up from 9 Hits: 3 |
PA_Chamber_June_17_2021.pdfcontraction? June 17, 2021 1 Federal Monies to Pennsylvania June 17, 2021 2 CY 2020 CY 2021 Total Federal Pandemic Unemployment (FPUC) $16.2 $8.0 $24.2 Pandemic Unemployment Assistance (PUA) 7.1 3.3 10.4 LWA and UC Extensions 3.1 2.9 6.0 SNAP 0 Hits: 3 |
PA_Assoc_of_Community_Bankers_Presentation_2020_12.pdfbusiness closures most PA businesses able to reopen (limited) Year-over-Year Growth $848 m Note: FPUC is Federal Pandemic Unemployment Compensation. PUA is Pandemic Unemployment Assistance. PPP is Paycheck Protection Program. LWA is Lost Wage Assistance. Growth rates control for revenue shifts. Collections partially based Hits: 3 |
PASBO_Presentation_March_16_2023.pdfGrocery Only 13.1% 14.2% 13.3% February 2023 Gasoline ($/gallon) $5.07 $3.40 $3.63 March 14 Unemployment Rate 4.3% 4.3% 4.3% January 2023 Wage Growth 9.8% 5.6% 5.1% 2023 Q1 Note Federal Pandemic Stimulus Ends ($ billions to PA) March 16, 2023 7 2020 2021 2022 2023.1 2023.2 2023.3 Unemployment Comp $31.5 $16.9 $0.1 -- -- -- Economic Impact Payments 11.2 22.1 0.8 -- -- -- PPP Loans 20.7 Hits: 3 |
PACBI_Presentation_March_13_2023.pdfGrocery Only 13.1% 14.2% 14.3% January actual Gasoline ($/gallon) $5.07 $3.40 $3.63 March 10 Unemployment Rate 4.3% 4.3% 4.3% January actual Wage Growth 9.8% 5.6% 5.1% 2023 Q1 Note price). Federal Pandemic Stimulus ($ billions to PA) March 13, 2023 3 2020 2021 2022 2023.1 2023.2 2023.3 Unemployment Comp $31.5 $16.9 $0.1 -- -- -- Economic Impact Payments 11.2 22.1 0.8 -- -- -- PPP Loans 20.7 Hits: 3 |
MTR-2019-07.pdfINDICATORS United States Pennsylvania Apr-19 May-19 Jun-19 Jul-19 Apr-19 May-19 Jun-19 Jul-19 Unemployment Rate 1 3.6% 3.6% 3.7% 3.7% 3.8% 3.8% 3.8% n.a. Net Job 1% n.a. 4.7% 5.3% 5.0% n.a. INDEPENDENT FISCAL OFFICE JULY 2019 Economic Trends Pennsylvania unemployment remains at 3.8 percent, which is the lowest recorded rate since data collection started in 1976. The national unemployment Hits: 3 |
Monthly_Economic_Update_October_2020.pdfquarter compared to the prior year. Transfer receipts increased by 83.8% driven by an increase in state and federal unemployment compensation. Wages and salaries declined in the second quarter for Pennsylvania and the United States -5.7% and -4.6% the school year. Monthly Economic Update October 2020 Monthly Data Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Unemployment Rate 1 13.2% 12.5% 10.4% 8.1% n.a. Net Job Gains (000s) 2 -625.3 -549 Hits: 3 |
Monthly_Economic_Update_May_2021.pdfif unemployed individuals will fill job openings to meet the increased demand as (1) many individuals continue to receive enhanced unemployment benefits, which may exceed wages that could be earned through employment and/or (2) children may be at home and active job search. Monthly Economic Update May 2021 Monthly Data Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 Unemployment Rate 1 7.1% 7.3% 7.4% 7.3% n.a. Net Job Gains (000s) 2 -480.5 -453 Hits: 3 |
Monthly_Economic_Update_June_2020.pdfS. personal income grew by 11.7% in April. The largest earnings increase was from government social benefits, with the unemployment insurance category growing 1,574%. The large increase in government support temporarily offset the decline in wages and salaries (-8 the near term. Monthly Economic Update June 2020 Monthly Data Feb-20 Mar-20 Apr-20 May-20 Jun-20 Unemployment Rate 1 4.7% 5.8% 15.1% n.a. n.a. Net Job Gains (000s) 2 62.0 -16 Hits: 3 |
Monthly_Economic_Update_January_2022.pdffederal Consolidated Appropriations Act and American Rescue Plan. A second round of PPP loans injected another $10.0 billion, expanded unemployment compensation $16.1 billion and advance child tax credits $3.4 billion. While much of those funds have been spent App. Act 7.7% 6.6% 4.3% Monthly Data Aug-21 Sept-21 Oct-21 Nov-21 Dec-21 Unemployment Rate 1 6.4% 6.2% 6.0% 5.7% n.a. Net Job Gains (000s) 2 189.7 139 Hits: 3 |
Monthly_Economic_Update_April_2021.pdf7 billion flowed to state residents in the form of economic impact payments and the extra $600 or $300 weekly unemployment compensation payments. FY 2020-21 lottery sales through March are $742 million higher than the same period in FY 2019- long-term outlook. Monthly Economic Update April 2021 Monthly Data Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Unemployment Rate 1 7.1% 7.1% 7.3% 7.4% 7.3% Net Job Gains (000s) 2 -444.7 -480 Hits: 3 |
Monthly_Economic_Update_April_2020.pdfweek ending April 11, the U.S. Department of Labor released state data that show that estimated initial claims for unemployment compensation (UC) remain high (238,357), but declined compared to the prior week (277,640; -14.1%). Pennsylvania’s decline 1% from February. Monthly Economic Update April 2020 Monthly Data Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 Unemployment Rate 1 4.6% 4.7% 4.7% 6.0% n.a. Net Job Gains (000s) 2 35.4 42 Hits: 3 |
Lancaster_Chamber_Presentation_ Oct_6_2021.pdf0 -300,000 -200,000 -100,000 0 100,000 200,000 Change in PA Labor Force from Jan 2020 Unemployment Rate extra $600 weekly payment ends July 2020 large drop in # unemployed Unemployed actively seek employment PA Labor Force Participation drop in nursing home staff ▪ Childcare availability remains below pre-pandemic levels ▪ Cyber charter enrollment doubles in 2020-21 Structural unemployment likely unusually high ▪ A temporary mismatch of skills ▪ Can be caused by rapid technological change or other economics shocks October Hits: 3 |
jackson ppt.pdfmay be reproduced, reused, or otherwise distributed in any form without prior written consent. Modest US Economic Growth and High Unemployment 3 © 2012, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent. (Percent) PA Unemployment Rate Performing Better than US Since Start of Recession 8 4 5 6 8 9 10 2007 2009 2011 2013 Hits: 3 |
GPNP July 10, 2012 final.pdf2012. Assumes modest recovery for PA. Real Gross State Product 1.5% (2012) and 2.3% (2013) Unemployment Rate 7.4% (2012) and 7.1% (2013) Home Sales 10.0% (2012) and 11.9% (2013) But 0 10.0 may 2010 sep jan may 2011 sep jan may 2012 PA US 8.2 7.4 Monthly Unemployment Rates 10.Jul.2012 12 2012 GPNP Conference 30.0 45.0 60.0 75.0 90.0 nov 2010 Hits: 3 |
EPLC_April_2024.pdfS. participation rates for age groups and Pennsylvania’s population levels above age 65. Source: U.S. BLS Local Area Unemployment Statistics and U.S. Labor Force Statistics from the Current Population Survey. PA Labor Force Participation Rates Notes Education Policy 5.5% -1.1% 30-Yr Mortgage Rate 6.4% 6.5% 7.0% 7.3% 6.7% Labor Market Unemployment Rate 3.7% 3.3% 3.3% 3.4% 3.4% Change Payroll Jobs (000s) 140 104 81 85 65 Hits: 3 |
EPLC_3_4_2022_update.pdfPandemic Relief Programs March 4, 2022 14 CY 2020 CY 2021 CY 2022 Total Payments to Individuals and Businesses State Unemployment Compensation $5.2 $0.8 $0.0 $6.0 Fed. Pandemic Unemployment Comp (FPUC) 16.2 8.8 0.0 25.0 Pandemic Unemployment Assistance (PUA) 7.0 4.1 0.0 Hits: 3 |
2022_Mid_Year_Update.pdf2% 11.9% 9.9% 9.5% Philadelphia CPI-U 0.9% 1.0% 4.2% 4.6% 6.1% Unemployment Rate 7.1% 7.3% 7.0% 6.4% 5.7% Change vs 2019 Job Loss (000s) -- -399 -373 -321 Statistics, U.S. Bureau of Economic Analysis. PA Labor Force Contraction Continues January 31, 2022 5 Labor Force # Employed + # Unemployed Unemployment Rate # Unemployed / Labor Force Unemployed Actively looked for work in past 4 weeks and available to work 4 6 8 Hits: 3 |
2012-09 Monthly Economic Summary 7.pdf2 Jun 8.2% 66.7 4.7% 8.6% 73.2 49.7 3.54 1,362 1.7% Unemployment Rate The number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase Pennsylvania Economic Indicators Jun 7.6% -5.3 2.3% 3.9% 12.9% -16.6 3.51 1.3% Unemployment Rate The number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase Hits: 3 |
TC_2019_New_Jobs_Tax_Credit_Report.pdftirely. The hiring of an unemployed Pennsylvania resident is particularly beneficial as it may reduce state expenditures for unemployment compensation and other benefits. Policymakers should consider significant program revisions, reprogram the JCTC funding to benefit another more efficient economic development program JCTC application to commitment letter. Whether the new hire had been previously unemployed and length of the unemployment. Whether new hires receive formal job training. Identify firms that had no presence in Pennsylvania prior to the JCTC award Hits: 2 |
State_Tax_Comparison_2022_01.pdfall sources of income such as wages, business income, interest, dividends, rents, royalties, employer contributions to pension and health plans, unemployment compensation and transfer income (e.g., Social Security, various medical and income maintenance benefits). Similar to other published tax burden income, capital income (e.g., interest, dividends and capital gains), pensions, IRA withdrawals and transfer income (e.g., Social Security, unemployment compensation). Pennsylvania ranked 19 th for PIT, and the ratio was higher than both the U.S. average (2.22% Hits: 2 |
State_Tax_Comparison_2020_11.pdfof income such as wages, business income, interest, dividends, rents, royalties, employer contributions to pension and health plans, unemployment compensation and transfer income (e.g., Social Security, various medical and income maintenance benefits). Similar to other published tax burden studies, the income (e.g., interest, dividends and capital gains), pensions, IRA withdrawals and transfer income (e.g., Social Security, unemployment compensation). Pennsylvania ranked 20 th for PIT, and the ratio was higher than both the U.S. average (2.24 percent) and Hits: 2 |
State-Tax-Comparison-2020-01.pdfof income such as wages, business income, interest, dividends, rents, royalties, employer contributions to pension and health plans, unemployment compensation and transfer income (e.g., Social Security, various medical and income maintenance benefits). Similar to other published tax burden studies, the income (e.g., interest, dividends and capital gains), pensions, IRA withdrawals and transfer income (e.g., Social Security, unemployment compensation). Pennsylvania ranked 19 th for PIT, and the ratio was higher than both the U.S. average (2.23 percent) and Hits: 2 |
State and Local Tax Burden Study.pdfof state residents. It includes wages, business income, interest, dividends, rents, royalties, contributions to pension and health plans, unemployment compensation, veterans’ benefits and transfer income (e.g., social security and various medical and income maintenance benefits). 1 Personal income does not e.g., interest, dividends and capital gains), pensions, IRA withdrawals and certain transfer income (e.g., social security, unemployment compensation). States levy CIT on the net income of C corporations. Most states use formulas to apportion federal net income to the Hits: 2 |
SR2017-03.pdfall sources of income such as wages, business income, interest, dividends, rents, royalties, employer contributions to pension and health plans, unemployment compensation and transfer income (e.g., Social Security, various medical and income maintenance benefits). Similar to other published tax burden income, capital income (e.g., interest, dividends and capital gains), pensions, IRA withdrawals and transfer income (e.g., Social Security, unemployment compensation). Pennsylvania ranked 19 th for PIT, and the ratio was higher than both the U.S. average (2.21 Hits: 2 |
Roundtable_Jan_2024_Final.pdf17.6% -17.5% -5.9% 30-Yr Mortgage Rate 6.37% 6.51% 7.04% 7.30% Labor Market Unemployment Rate 4.3% 4.0% 3.5% 3.5% Change Payroll Jobs (000s) 142 115 108 85 Change All Jobs (000s) 44 41 74 83 Note: Figures are year-over-year growth rates, except Real GDP (quarterly annualized) and Unemployment Rate (average rate for quarter). Change Payroll Jobs assumes a -40k revision to preliminary data based on research published by Hits: 2 |
Revenue_Proposal_Analysis_2023_05.pdfS. Census Bureau and the U.S. Bureau of Labor Statistics. It provides data on the labor force, employment levels, unemployment rates and various demographic characteristics. 9 Jobs include non-tipped positions within nonfarm establishments and excludes self-employed, owners and different than it was prior to 2019. Due to a contraction of the labor force participation rate and historically low unemployment, some employers may be more reluctant to reduce staff in response to a higher mandatory minimum wage. Moreover, Pennsylvania demographics Hits: 2 |
Revenue_Proposal_Analysis_2021_04.pdfemployment effects from the COVID-19 pandemic by assessing whether the results could be different during a period of high unemployment. The study noted that economic models reach conflicting conclusions regarding how higher minimum wages affect employment in periods of high S. Census Bureau and the U.S. Bureau of Labor Statistics. It provides data on the labor force, employment levels, unemployment rates and various demographic characteristics. Minimum Wage | Page 30 For 2019, the OES dataset for Pennsylvania represents 5.90 million Hits: 2 |
Revenue_Estimate_Performance_2023_08.pdfProgram, the Consolidated Appropriations Act and the American Rescue Plan) after the release of the estimate, which provided for extended unemployment compensation benefits, additional economic impact payments and more funding for the Paycheck Protection Program. As a result of the significant past four fiscal years were highly unusual due to an unexpected pandemic, unprecedented federal stimulus and economic conditions (inflation and unemployment). The current fiscal year will provide a better assessment of the performance of economic and revenue models as the impact Hits: 2 |
Revenue-Proposal-Analysis-2020-04.pdfconsistent with the prior analysis, this analysis assumes that the labor market in Pennsylvania is characterized by low unemployment in the ab- sence of a higher minimum wage. Therefore, the analysis reflects longer-term outcomes and does not reflect what might Bureau and the U.S. Bureau of Labor Statistics. It provides data on the labor force, employment levels, unemployment rates and various demographic characteristics. County Population Personal Income Food Sector Employment Avg. Weekly Wage New York -0.6% 2.4% 1 Hits: 2 |
Revenue-Proposal-Analysis-2019-03.pdfthis year. Minimum Wage | Page 12 The Pennsylvania labor market continues to be tight, with relatively low unemployment. Barring a recession, demographic trends (i.e., a contracting working age cohort between the ages of 20 and 64) suggest that will from the 2018 Current Population Survey (CPS). 26 The CPS provides data on the labor force, employment levels, unemployment rates and various demographic characteristics. The monthly survey includes 60,000 U.S. households and is designed so that state specific observations Hits: 2 |
REU-2020-01.pdfINDICATORS United States Pennsylvania Oct-19 Nov-19 Dec-19 Jan-20 Oct-19 Nov-19 Dec-19 Jan-20 Unemployment Rate 1 3.6% 3.5% 3.5% n.a. 4.2% 4.3% 4.5% n.a. Net Job n.a. 5.6% 5.1% 5.1% n.a. INDEPENDENT FISCAL OFFICE JANUARY 2020 Economic Trends The Pennsylvania unemployment rate has been on the rise since August 2019 and climbed to 4.5 percent in December, largely due to Hits: 2 |
REU-2019-12.pdfINDICATORS United States Pennsylvania Sep-19 Oct-19 Nov-19 Dec-19 Sep-19 Oct-19 Nov-19 Dec-19 Unemployment Rate 1 3.5% 3.6% 3.5% n.a. 4.0% 4.2% 4.3% n.a. Net Job 4.9% 5.5% 5.6% 5.1% 5.1% INDEPENDENT FISCAL OFFICE DECEMBER 2019 Economic Trends The Pennsylvania unemployment rate ticked upward again in November due to increased labor force participation, while the net job gains held steady. Hits: 2 |
REU-2019-11.pdfINDICATORS United States Pennsylvania Aug-19 Sept-19 Oct-19 Nov-19 Aug-19 Sept-19 Oct-19 Nov-19 Unemployment Rate 1 3.7% 3.5% 3.6% 3.5% 3.9% 4.0% 4.2% n.a. Net Job 4.7% 5.5% 5.3% 4.9% 5.0% INDEPENDENT FISCAL OFFICE NOVEMBER 2019 Economic Trends The Pennsylvania unemployment rate ticked upward again in October, but wage growth remains strong. After posting declines in June, July and August Hits: 2 |
RB_2024_01_SNAP.pdfnot provide an estimate of the impact. The SNAP expansion occurred despite flat population growth and a (current) record-low unemployment rate. These trends suggest that most of the expansion was driven by recent policy or definition changes. The USDA also 194 $204 $250 $291 52% PA Population (000s) 12,987 12,996 13,014 12,972 12,962 0% PA Unemployment Rate 4.4 7.9 4.8 4.4 3.4 -- Philadelphia CPI-U Groceries 241.5 246.8 256 Hits: 2 |
RB_2022_08 County Income Patterns.pdfpandemic relief programs. For 2020, the BEA estimates that around $53 billion was distributed to counties through various programs including unemployment compensation (UC) ($30 billion, includes regular state amounts above “normal” payments), economic impact payments (EIPs, $11 billion) and lost wage 803.1 53,132.7 4,160 Per Capita Note: Pandemic Relief in millions of dollars. UC is pandemic-related unemployment compensation, EIP is economic impact payments, LWA is lost wage assistance and PPP is Paycheck Protection Programs loans. Pandemic Relief Hits: 2 |
PSBA_January_19_2022.pdfSee “2021 Demographic Outlook” Nov. 2021. Economy: PA Labor Force Contraction Continues January 19, 2022 3 Labor Force # Employed + # Unemployed Unemployment Rate # Unemployed / Labor Force Unemployed Actively looked for work in past 4 weeks and available to work 4 6 8 Dec Jan 2021 Feb Mar Apr May Jun Jul Aug Sep Oct Nov Changein PA Labor Force from Jan 2020 Unemployment Rate $600/wk ends $300/wk ends Source: U.S. Bureau of Labor Statistics. Advance CTC starts Economy: Recent Acceleration Hits: 2 |
Presentation-2019-5-1-PAEL.pdfLevel 2015 2016 2017 2018 2019 Net Jobs Created (000s) 46.2 48.8 58.8 65.6 55.0 Unemployment Rate 5.3% 5.4% 4.9% 4.3% 3.9% # Unemployed (000s) 339 348 314 276 255 Total PA hr. Minimum Wage: A Contentious Topic Traditional Theory: All price floors create excess supply. For labor market, excess supply = unemployment. Fewer jobs. Labor market fully competitive: minimum wage = higher prices. Newer Research: Moderate increases have little/no effect. Hits: 2 |
PBB_2023_DOR_REPORT.pdfstate taxes. These offsets are statutorily set and could be expanded to recover other funds due the Commonwealth such as unemployment compensation benefit overpayments and outstanding Pennsylvania Turnpike tolls. (See pages 17 to 22.) Property Tax and Rent Rebate (PTRR) The effectuates are statutorily set and with additional legislation could be expanded to recover other funds due the Commonwealth such as unemployment compensation benefit overpayments and outstanding Pennsylvania Turnpike tolls. 17-18 18-19 19-20 20-21 21-22 22-23 Hits: 2 |
PBB_2020_DHS_REPORT_Final_Updated.pdf8% -- Statewide Indicators % Families below poverty level 7 9.4% 9.1% 8.6% 8.1% 8.1% -- Unemployment Rate 5.5% 5.3% 5.2% 4.6% 4.1% 4.0% 6 One of the goals listed in the purpose 1 year 47.0% 46.0% 47.0% 48.0% 49.0% -- % Maintaining employment > 6 months Statewide Indicators Unemployment rate 5.5% 5.3% 5.2% 4.6% 4.1% 4.0% Benchmark: 51 State Rank TANF work participation rate 6 Hits: 2 |
PACB_Presentation_2021_8.pdfUC $5.3b CTC $0 COVID millions of dollars $950m Note: EIP is economic impact payment. UC is extra federal Unemployment Compensation. CTC is advance child tax credit payments. Data shifts $160 million of delayed tax revenues from June-July 2020 Q2 UC $5.3b CTC $0b COVID millions of dollars Note: EIP is economic impact payment. UC is extra federal Unemployment Compensation. CTC is advance child tax credit payments. Data shifts $160 million of delayed tax revenues from July 2020 to Hits: 2 |
Official_Revenue_Estimate_Methodology_2023_06.pdf12%). Transfer income is unusually high for 2020 and 2021 due to economic impact payments and extra federal and state unemployment compensation related to the COVID-19 pandemic. The forecast projects that Cash Income will increase to $780.9 billion in Archer Medical Accounts, any payments made by employers on behalf of employees for health or life insurance, life insurance proceeds, unemployment compensation, worker’s compensation, compensation for certain military service and most educational grants and scholarships. Methodology The personal income tax Hits: 2 |
Official_Revenue_Estimate_Methodology_2022.pdf11%). Transfer income is unusually high for 2020 and 2021 due to economic impact payments and extra federal and state unemployment compensation related to the COVID-19 pandemic. The forecast projects that Cash Income will decline to $728.3 billion in Archer Medical Accounts, any payments made by employers on behalf of employees for health or life insurance, life insurance proceeds, unemployment compensation, worker’s compensation, compensation for certain military service and most educational grants and scholarships. Methodology The personal income tax Hits: 2 |
Official_Revenue_Estimate_Methodology_2021.pdf17%). Transfer income is unusually high for 2020 and 2021 due to economic impact payments and extra federal and state unemployment compensation related to the COVID-19 pandemic. In normal years, that income source would comprise 11% of Cash Income. The Archer Medical Accounts, any payments made by employers on behalf of employees for health or life insurance, life insurance proceeds, unemployment compensation, worker’s compensation, compensation for certain military service and most educational grants and scholarships. Methodology The personal income tax Hits: 2 |
Official-Revenue-Estimate-Methodology-2020-6.pdfpercent). Transfer income is unusually high for 2020 due to economic impact payments and extra federal and state unemployment compensation related to the COVID- 19 pandemic. In normal years, that income source would comprise 11 percent of Cash Income. The forecast Accounts, any payments made by employers on behalf of employees for health or life insurance, life insurance proceeds, unemployment compensation, worker’s compensation, compensation for certain military service and most educational grants and scholarships. Methodology The personal income tax (PIT) model Hits: 2 |
NFIB_Feb_2024.pdfjobs) 6,142 6,155 +13 +0.4% All Jobs (inc. self-employed) 6,314 6,327 +14 +0.2% Unemployment Rate 4.5% 3.5% -1.0 ppt --- Number Unemployed (000s) 266 198 -68 -25.5% Population (000s) Age 18- 600 -87 -1.0% Age 65+ 2,362 2,537 +175 +7.4% Note: Employment data not seasonally adjusted, except Unemployment Rate. Payroll Jobs assumes a -30k revision to preliminary data based on research published by the Federal Reserve Bank of Hits: 2 |
Newsstand_January_2020.pdfmonths, but nine (including Pennsylvania) are projected to decline. This outcome is likely related to the uptick in the Pennsylvania unemployment rate for the fourth consecutive month in November. However, the increase in the unemployment rate was due to a positive factor—more people joining the labor force, rather than more people not working. Under Hits: 2 |
NCSL_PA_IFO_11_15_21.pdfHousing Arts and Tourism Water Infrastructure Broadband CSFRF Major Allocation Categories Public Health still a major priority! State Ops/Admin. Unemployment Trust Fund NATIONAL CONFERENCE OF STATE LEGISLATURES 13 Economic Relief Human Services Workforce Development 13 Education Housing Arts and Tourism Water Infrastructure Broadband *Number of states allocating to categories *at least Public Health State Ops/Admin. Unemployment Trust Fund 18 17 20 18 19 16 25 16 17 23 25 NATIONAL CONFERENCE OF STATE LEGISLATURES Notable Allocations Hits: 2 |
MSC_March_31_2021.pdfFY 2020-21. New Round of Federal Stimulus March 31, 2021 5 CARES CAA ARP Notes Payments to Individuals State Unemployment Compensation $5.2 $1.6 -- Federal Pandemic Unemploy Comp (FPUC) 16.2 3.4 4.5 Pandemic Unemployment Assistance (PUA) 7.0 1.1 1.3 Other Federal Assistance 3.3 0.9 1.4 SNAP Benefits 0 Hits: 2 |
Monthly_Economic_Update_Table_December_2020.pdfMonthly Data Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Unemployment Rate 1 10.4% 8.3% 7.3% n.a. n.a. Net Job Gains (000s) 2 -499.1 -465 5.2% 5.1% 4.5% 8.0% Monthly Data Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Unemployment Rate 1 8.4% 7.9% 6.9% 6.7% n.a. Home Sales 6 2.0% 9.9% 4 Hits: 2 |
Monthly_Economic_Update_September_2021_Indicators.pdfMonthly Data Apr-21 May-21 Jun-21 Jul-21 Aug-21 Unemployment Rate 1 7.1% 7.0% 6.9% 6.6% n.a. Net Job Gains (000s) 2 702.8 530 8.3% 11.1% 12.2% 16.4% Monthly Data Apr-21 May-21 Jun-21 Jul-21 Aug-21 Unemployment Rate 1 6.1% 5.8% 5.9% 5.4% 5.2% Number of Home Sales 6 -2.7% -1 Hits: 2 |
Monthly_Economic_Update_September_2021.pdfCPI-U Growth Year-Over-Year Change (2021) Monthly Data Apr-21 May-21 Jun-21 Jul-21 Aug-21 Unemployment Rate 1 7.1% 7.0% 6.9% 6.6% n.a. Net Job Gains (000s) 2 702.8 530 8.3% 11.1% 12.2% 16.4% Monthly Data Apr-21 May-21 Jun-21 Jul-21 Aug-21 Unemployment Rate 1 6.1% 5.8% 5.9% 5.4% 5.2% Number of Home Sales 6 -2.7% -1 Hits: 2 |
Monthly_Economic_Update_October_2021_Indicators.pdfMonthly Data May-21 Jun-21 Jul-21 Aug-21 Sept-21 Unemployment Rate 1 7.0% 6.9% 6.5% 6.4% n.a. Net Job Gains (000s) 2 530.4 331 8.3% 11.1% 12.2% 16.4% Monthly Data May-21 Jun-21 Jul-21 Aug-21 Sept-21 Unemployment Rate 1 5.8% 5.9% 5.4% 5.2% n.a. Number of Home Sales 6 -1.2% 1 Hits: 2 |
Monthly_Economic_Update_October_2021.pdfRent of Primary Residence Apartment List Rent Estimate Monthly Data May-21 Jun-21 Jul-21 Aug-21 Sept-21 Unemployment Rate 1 7.0% 6.9% 6.5% 6.4% n.a. Net Job Gains (000s) 2 530.4 331 8.3% 11.1% 12.2% 16.4% Monthly Data May-21 Jun-21 Jul-21 Aug-21 Sept-21 Unemployment Rate 1 5.8% 5.9% 5.4% 5.2% n.a. Number of Home Sales 6 -1.2% 1 Hits: 2 |
Monthly_Economic_Update_November_2021.pdfseries since 1980. Monthly Economic Update November 2021 Monthly Data Jun-21 Jul-21 Aug-21 Sept-21 Oct-21 Unemployment Rate 1 6.9% 6.5% 6.4% 6.2% n.a. Net Job Gains (000s) 2 331.5 228 11.1% 12.2% 16.4% n.a. Monthly Data Jun-21 Jul-21 Aug-21 Sept-21 Oct-21 Unemployment Rate 1 5.9% 5.4% 5.2% 4.8% 4.6% Number of Home Sales 6 1.6% 2 Hits: 2 |
Monthly_Economic_Update_November_2020_Final.pdfHousing News report. Monthly Economic Update November 2020 Monthly Data Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Unemployment Rate 1 12.5% 10.4% 8.3% 7.3% n.a. Net Job Gains (000s) 2 -549.4 -499 5.2% 5.1% 4.5% 8.0% Monthly Data Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Unemployment Rate 1 10.2% 8.4% 7.9% 6.9% n.a. Home Sales 6 24.7% 2.4% 9 Hits: 2 |
Monthly_Economic_Update_May_2022.pdf2022 U.S. 8.3% Philadelphia 8.4% Monthly Data Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 Unemployment Rate 1 5.5% 5.4% 5.1% 4.9% n.a. Net Job Gains (000s) 2 231.5 215 12.3% 16.5% 14.8% 13.4% Monthly Data Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 Unemployment Rate 1 3.9% 4.0% 3.8% 3.6% 3.6% Number of Home Sales 6 -3.8% 6 Hits: 2 |
Monthly_Economic_Update_March_2022.pdfAll Other Fuels-Utilities Shelter Transportation Food-Bev Monthly Data Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Unemployment Rate 1 5.6% 5.5% 5.5% 5.4% n.a. Net Job Gains (000s) 2 176.6 188 12.3% 16.6% 14.8% 13.4% Monthly Data Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Unemployment Rate 1 4.6% 4.2% 3.9% 4.0% 3.8% Number of Home Sales 6 0.2% 2 Hits: 2 |
Monthly_Economic_Update_March_2021.pdf500, +0.8%). Monthly Economic Update March 2021 Monthly Data Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Unemployment Rate 1 7.0% 7.1% 7.1% 7.3% n.a. Net Job Gains (000s) 2 -451.5 -444 5.2% 4.8% 8.3% 10.9% Monthly Data Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Unemployment Rate 1 6.9% 6.7% 6.7% 6.3% 6.2% Home Sales 6 4.5% -2.1% 0 Hits: 2 |
Monthly_Economic_Update_June_2022.pdf22 Regular Gasoline Diesel $6.14 $4.93 Monthly Data Jan-22 Feb-22 Mar-22 Apr-22 May-22 Unemployment Rate 1 5.4% 5.1% 4.9% 4.8% n.a. Net Job Gains (000s) 2 215.1 219 16.4% 14.8% 13.3% 14.5% Monthly Data Jan-22 Feb-22 Mar-22 Apr-22 May-22 Unemployment Rate 1 4.0% 3.8% 3.6% 3.6% 3.6% Number of Home Sales 6 6.6% -8 Hits: 2 |
Monthly_Economic_Update_June_2021_Indicators.pdfMonthly Data Jan-21 Feb-21 Mar-21 Apr-21 May-21 Unemployment Rate 1 7.3% 7.4% 7.3% 7.4% n.a. Net Job Gains (000s) 2 -453.0 -438 4.7% 8.4% 11.0% 11.9% Monthly Data Jan-21 Feb-21 Mar-21 Apr-21 May-21 Unemployment Rate 1 6.3% 6.2% 6.0% 6.1% 5.8% Number of Home Sales 6 0.2% -6 Hits: 2 |
Monthly_Economic_Update_July_2021_Indicators.pdfMonthly Data Feb-21 Mar-21 Apr-21 May-21 Jun-21 Unemployment Rate 1 7.4% 7.3% 7.1% 6.9% n.a. Net Job Gains (000s) 2 -438.1 -376 4.7% 8.4% 11.0% 11.9% Monthly Data Feb-21 Mar-21 Apr-21 May-21 Jun-21 Unemployment Rate 1 6.2% 6.0% 6.1% 5.8% 5.9% Number of Home Sales 6 -6.3% -3 Hits: 2 |
Monthly_Economic_Update_July_2021_Final.pdfof the state. Monthly Economic Update July 2021 Monthly Data Feb-21 Mar-21 Apr-21 May-21 Jun-21 Unemployment Rate 1 7.4% 7.3% 7.1% 6.9% n.a. Net Job Gains (000s) 2 -438.1 -376 4.7% 8.4% 11.0% 11.9% Monthly Data Feb-21 Mar-21 Apr-21 May-21 Jun-21 Unemployment Rate 1 6.2% 6.0% 6.1% 5.8% 5.9% Number of Home Sales 6 -6.3% -3 Hits: 2 |
Monthly_Economic_Update_January_2021_Indicators.pdfMonthly Data Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Unemployment Rate 1 8.3% 7.4% 6.6% n.a. n.a. Net Job Gains (000s) 2 -465.3 461 5.2% 5.1% 4.5% 8.0% Monthly Data Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Unemployment Rate 1 7.8% 6.9% 6.7% 6.7% n.a. Home Sales 6 9.9% 4.4% -2 Hits: 2 |
Monthly_Economic_Update_January_2021.pdfthe prior year. Monthly Economic Update January 2021 Monthly Data Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Unemployment Rate 1 8.3% 7.4% 6.6% n.a. n.a. Net Job Gains (000s) 2 -465.3 -461 5.2% 5.1% 4.5% 8.0% Monthly Data Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Unemployment Rate 1 7.8% 6.9% 6.7% 6.7% n.a. Home Sales 6 9.9% 4.4% -2 Hits: 2 |
Monthly_Economic_Update_Indicators_February_2022.pdfMonthly Data Sept-21 Oct-21 Nov-21 Dec-21 Jan-22 Unemployment Rate 1 6.2% 6.0% 5.7% 5.4% n.a. Net Job Gains (000s) 2 139.0 142 12.4% 16.6% 14.7% n.a. Monthly Data Sept-21 Oct-21 Nov-21 Dec-21 Jan-22 Unemployment Rate 1 4.7% 4.6% 4.2% 3.9% 4.0% Number of Home Sales 6 7.0% 0 Hits: 2 |
Monthly_Economic_Update_February_2022.pdfS. Bureau of Labor Statistics (data and methodology). Monthly Data Sept-21 Oct-21 Nov-21 Dec-21 Jan-22 Unemployment Rate 1 6.2% 6.0% 5.7% 5.4% n.a. Net Job Gains (000s) 2 139.0 142 12.4% 16.6% 14.7% n.a. Monthly Data Sept-21 Oct-21 Nov-21 Dec-21 Jan-22 Unemployment Rate 1 4.7% 4.6% 4.2% 3.9% 4.0% Number of Home Sales 6 7.0% 0 Hits: 2 |
Monthly_Economic_Update_February_2021_Indicators.pdfMonthly Data Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Unemployment Rate 1 8.3% 7.4% 6.8% 6.7% n.a. Net Job Gains (000s) 2 -465.3 -461 5.1% 4.5% 8.0% n.a. Monthly Data Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Unemployment Rate 1 7.8% 6.9% 6.7% 6.7% 6.3% Home Sales 6 9.9% 4.4% -2 Hits: 2 |
Monthly_Economic_Update_February_2021.pdfthe prior year. Monthly Economic Update February 2021 Monthly Data Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Unemployment Rate 1 8.3% 7.4% 6.8% 6.7% n.a. Net Job Gains (000s) 2 -465.3 -461 5.1% 4.5% 8.0% n.a. Monthly Data Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Unemployment Rate 1 7.8% 6.9% 6.7% 6.7% 6.3% Home Sales 6 9.9% 4.4% -2 Hits: 2 |
Monthly_Economic_Update_December_2021.pdfof Economic Analysis, EIA, NAR, Federal Reserve Board. Monthly Data Jul-21 Aug-21 Sept-21 Oct-21 Nov-21 Unemployment Rate 1 6.5% 6.4% 6.2% 6.0% n.a. Net Job Gains (000s) 2 228.3 189 11.1% 12.2% 16.4% 14.5% Monthly Data Jul-21 Aug-21 Sept-21 Oct-21 Nov-21 Unemployment Rate 1 5.4% 5.2% 4.8% 4.6% 4.2% Number of Home Sales 6 2.2% -2 Hits: 2 |
Monthly_Economic_Update_December_2020.pdfin late January. Monthly Economic Update December 2020 Monthly Data Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Unemployment Rate 1 10.4% 8.3% 7.3% n.a. n.a. Net Job Gains (000s) 2 -499.1 -465 5.2% 5.1% 4.5% 8.0% Monthly Data Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Unemployment Rate 1 8.4% 7.9% 6.9% 6.7% n.a. Home Sales 6 2.0% 9.9% 4 Hits: 2 |
Monthly_Economic_Update_August_2021.pdfto June 2021. Monthly Economic Update August 2021 Monthly Data Mar-21 Apr-21 May-21 Jun-21 Jul-21 Unemployment Rate 1 7.3% 7.1% 7.0% 6.9% n.a. Net Job Gains (000s) 2 -376.8 702 4.7% 8.4% 11.0% 11.9% Monthly Data Mar-21 Apr-21 May-21 Jun-21 Jul-21 Unemployment Rate 1 6.0% 6.1% 5.8% 5.9% 5.4% Number of Home Sales 6 -3.7% -2 Hits: 2 |
Monthly_Economic_Update_April_2022.pdfStatistics. Average Wage growth based on withholding data. Monthly Data Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Unemployment Rate 1 5.5% 5.5% 5.4% 5.1% n.a. Net Job Gains (000s) 2 188.8 231 12.3% 16.5% 14.8% 13.4% Monthly Data Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Unemployment Rate 1 4.2% 3.9% 4.0% 3.8% 3.6% Number of Home Sales 6 2.3% -3 Hits: 2 |
Monthly_Economic_Update_April_2021_Indicators.pdfMonthly Data Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Unemployment Rate 1 7.1% 7.1% 7.3% 7.4% 7.3% Net Job Gains (000s) 2 -444.7 -480 5.2% 4.8% 8.3% 10.9% Monthly Data Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Unemployment Rate 1 6.7% 6.7% 6.3% 6.2% 6.0% Home Sales 6 -2.1% 0.9% 0 Hits: 2 |
MER-2015-06.pdfMonthly Economic Report Independent Fiscal Office - Commonwealth of Pennsylvania United States Economic Indicators Unemployment Rate Number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in 2.71 2.78 3.4% n.a. n.a. n.a. 1.8% 0.0% 0.0% n.a. Unemployment Rate Number of individuals unemployed divided by the labor force. 1 Annual Net Job Gains (000s) Average year-over-year Hits: 2 |
MER-2015-04.pdfMonthly Economic Report Independent Fiscal Of Ðice ‐ Commonwealth of Pennsylvania United States Economic Indicators Unemployment Rate Number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in 2.46 2.49 3.0% 6.0% n.a. n.a. 1.4% ‐0.1% ‐0.1% n.a. Unemployment Rate Number of individuals unemployed divided by the labor force. 1 Annual Net Job Gains (000s) Average year‐over‐year Hits: 2 |
MER-2015-03.pdfMonthly Economic Report Independent Fiscal Of Ðice ‐ Commonwealth of Pennsylvania United States Economic Indicators Unemployment Rate Number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in 2.28 2.46 1.8% 5.1% 6.0% n.a. 1.0% 0.6% ‐0.1% n.a. Unemployment Rate Number of individuals unemployed divided by the labor force. 1 Annual Net Job Gains (000s) Average year‐over‐year Hits: 2 |
MER-2015-02.pdfMonthly Economic Report Independent Fiscal Of Ðice ‐ Commonwealth of Pennsylvania United States Economic Indicators Unemployment Rate Number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in 2.33 2.28 1.6% 5.9% 5.1% n.a. 1.0% 0.6% 0.6% n.a. Unemployment Rate Number of individuals unemployed divided by the labor force. 1 Annual Net Job Gains (000s) Average year‐over‐year Hits: 2 |
MER-2015-01.pdfMonthly Economic Report Independent Fiscal Office - Commonwealth of Pennsylvania United States Economic Indicators Unemployment Rate Number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in 2.74 2.33 0.4% 5.5% 5.9% n.a. 1.2% 1.6% 0.6% n.a. Unemployment Rate Number of individuals unemployed divided by the labor force. 1 Annual Net Job Gains (000s) Average year-over-year Hits: 2 |
MER-2014-12.pdfMonthly Economic Report Independent Fiscal Of Ðice ‐ Commonwealth of Pennsylvania United States Economic Indicators Unemployment Rate Number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in 3.01 2.74 3.6% 5.0% 5.5% n.a. 1.2% 1.6% 1.6% n.a. Unemployment Rate Number of individuals unemployed divided by the labor force. 1 Annual Net Job Gains (000s) Average year‐over‐year Hits: 2 |
MER-2014-11.pdfMonthly Economic Report Independent Fiscal Of Ðice ‐ Commonwealth of Pennsylvania United States Economic Indicators Unemployment Rate Number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in 3.30 3.01 4.4% 5.3% 5.0% n.a. 0.3% 1.3% 1.6% 1.6% Unemployment Rate Number of individuals unemployed divided by the labor force. 1 Annual Net Job Gains (000s) Average year‐over‐year Hits: 2 |
MER-2014-10.pdfMonthly Economic Report Independent Fiscal Of Ðice ‐ Commonwealth of Pennsylvania United States Economic Indicators Unemployment Rate Number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in 3.42 3.17 5.5% 4.9% 5.3% n.a. 0.3% 1.3% 1.3% n.a. Unemployment Rate Number of individuals unemployed divided by the labor force. 1 Annual Net Job Gains (000s) Average year‐over‐year Hits: 2 |
MER-2014-09.pdfMonthly Economic Report Independent Fiscal Of Ðice ‐ Commonwealth of Pennsylvania United States Economic Indicators Unemployment Rate Number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in 3.51 3.42 4.9% 4.6% 4.9% n.a. 1.1% 1.8% 1.3% 1.3% Unemployment Rate Number of individuals unemployed divided by the labor force. 1 Annual Net Job Gains (000s) Average year‐over‐year Hits: 2 |
MER-2014-08.pdfMonthly Economic Report Independent Fiscal Of Ðice ‐ Commonwealth of Pennsylvania United States Economic Indicators Unemployment Rate Number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in 3.68 3.51 2.4% 3.4% 4.6% n.a. 1.1% 1.8% 1.8% n.a. Unemployment Rate Number of individuals unemployed divided by the labor force. 1 Annual Net Job Gains (000s) Average year‐over‐year Hits: 2 |
MER-2014-07.pdfMonthly Economic Report Independent Fiscal Of Ðice ‐ Commonwealth of Pennsylvania United States Economic Indicators Unemployment Rate Number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in 3.71 3.68 3.3% 2.8% 3.4% n.a. 1.5% 1.4% 1.8% 1.8% Unemployment Rate Number of individuals unemployed divided by the labor force. 1 Annual Net Job Gains (000s) Average year‐over‐year Hits: 2 |
MER-2014-06.pdfMonthly Economic Report Independent Fiscal Of Ðice ‐ Commonwealth of Pennsylvania United States Economic Indicators Unemployment Rate Number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in 3.72 3.74 3.4% 3.0% 2.8% n.a. 1.5% 1.4% 1.4% n.a. Unemployment Rate Number of individuals unemployed divided by the labor force. 1 Annual Net Job Gains (000s) Average year‐over‐year Hits: 2 |
MER-2014-05.pdfMonthly Economic Report Independent Fiscal Of Ðice ‐ Commonwealth of Pennsylvania United States Economic Indicators Unemployment Rate Number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in 3.66 3.72 2.3% 1.8% 3.0% n.a. 1.1% 1.0% 1.4% 1.4% Unemployment Rate Number of individuals unemployed divided by the labor force. 1 Annual Net Job Gains (000s) Average year‐over‐year Hits: 2 |
MER-2014-04.pdfMonthly Economic Report Independent Fiscal Of Ðice ‐ Commonwealth of Pennsylvania United States Economic Indicators Unemployment Rate Number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in 3.59 3.66 0.1% 1.6% 1.8% n.a. 1.1% 1.0% 1.0% n.a. Unemployment Rate Number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase in Hits: 2 |
MER-2014-03.pdfMonthly Economic Report Independent Fiscal Of Ðice ‐ Commonwealth of Pennsylvania United States Economic Indicators Unemployment Rate The number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase 3.48 3.59 1.8% 1.2% 1.2% n.a. 9.8% 17.8% ‐3.4% n.a. Unemployment Rate The number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase Hits: 2 |
MER-2014-02.pdfMonthly Economic Report Independent Fiscal Of Ðice ‐ Commonwealth of Pennsylvania United States Economic Indicators Unemployment Rate The number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase 3.49 3.48 1.8% 1.2% 1.2% n.a. 7.6% 15.6% 17.8% n.a. Unemployment Rate The number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase Hits: 2 |
MER-2013-12.pdfMonthly Economic Report Independent Fiscal Office - Commonwealth of Pennsylvania United States Economic Indicators Unemployment Rate The number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase 3.45 1.8% 1.1% 1.1% n.a. 12.8% 12.3% 16.9% n.a. December 2013 Unemployment Rate The number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase Hits: 2 |
MER-2013-11.pdfUnited States Economic Indicators Monthly Economic Report N o v e m b e r 2 0 1 3 Unemployment Rate The number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase 24 1,416 1,682 1,763 1,802 1.8% 1.2% 0.9% n.a. Pennsylvania Economic Indicators Unemployment Rate The number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase Hits: 2 |
Labor_Market_Update_June_23_2021.pdfFor 2021 Q1, the Independent Fiscal Office (IFO) estimates that state residents or businesses received $32.4 billion in federal unemployment compensation (UC), economic impact payments or forgivable Paycheck Protection Program (PPP) loans. For 2021 Q2, the IFO estimates an additional traditional UC claims (excludes “normal” claims that would be expected for the month) and non-traditional claims under the Pandemic Unemployment Assistance (PUA) program. For May, an average of 912,000 claims above normal were paid each week for a total Hits: 2 |
Labor_Market_Update_June_2021.pdfFor 2021 Q1, the Independent Fiscal Office (IFO) estimates that state residents or businesses received $32.4 billion in federal unemployment compensation (UC), economic impact payments or forgivable Paycheck Protection Program (PPP) loans. For 2021 Q2, the IFO estimates an additional traditional UC claims (excludes “normal” claims that would be expected for the month) and non-traditional claims under the Pandemic Unemployment Assistance (PUA) program. For April, 946,000 claims were paid each week on average for a total of $1.9 Hits: 2 |
IFO Five-Year Outlook.pdf2) demographic growth. Assume tax law does not change. Only two factors change. Economic growth (GDP, wages, unemployment rates). Demographics such as number of students, inmate population, the MA population and all residents. The Economic and Budget 1.7% 1.8% Payroll Employment 0.7% 1.1% 1.0% 1.0% 0.8% 0.6% 0.4% Unemployment Rate 7.6% 7.2% 6.7% 6.3% 5.8% 5.6% 5.5% Year-to-Year Projected Growth Hits: 2 |
HAC testimony Feb 2019.pdfestimated payment. This shortfall is temporary. Pennsylvania Economy The state economy appears to be operating at full capacity, with the unemployment rate at 4.2% (December 2018), strong net jobs growth (roughly 73,000 net new payroll jobs in 2018) and wage sectors: food service, social assistance and home healthcare. Due to flat demographic growth, the IFO expects that the state unemployment rate will remain low and service industry jobs will comprise the majority of net new jobs created. Performance Based-Budgeting Hits: 2 |
Grow PA 12.3.2019.pdf5.1% 4.2% Net Payroll Job Creation (000s, Annualized) 64.1 60.4 50.8 45.4 33.3 --- Unemployment Rate 4.2% 4.2% 4.0% 3.8% 3.9% 4.2% Philadelphia CPI-U 1.7% 1.3% 5% 3.6% Net Payroll Job Creation (000s) 46.2 48.8 58.8 65.6 52.0 45.4 Unemployment Rate 5.3% 5.4% 4.9% 4.3% 3.9% --- Philadelphia CPI-U -0.1% 0.6% 1.3% Hits: 2 |
Five_Year_Outlook_2023.pdfReal Avg Wage Economic Outlook | Page 14 The bottom portion of Table 3.2 displays state labor market trends: ▪ The unemployment rate is at the lowest rate since state data have been published (1976). ▪ The annual pace of job gains remains 3% 5.2% 3.5% RedFin Home Sales -13.6% -24.5% -20.1% -17.6% -17.5% Labor Market Unemployment Rate 4.3% 4.4% 4.3% 4.0% 3.5% Change Payroll Jobs (000s) 224 189 172 155 148 Hits: 2 |
Five_Year_Outlook_2020_Presentation_Final.pdf6% 2.5% 13.1% 9.6% -- Wages and Salaries 4.3% 3.3% -6.6% -2.6% 0.6% Unemployment Rate (level) 4.4% 5.4% 14.0% 10.4% 6.6% Change Payroll Jobs (000s) 54 28 -849 -504 homeowners faring well Very different for low income renters | outlook also unclear Permanent jobs loss and long-term unemployment are significant concerns COVID-19 imposes abrupt and painful economic changes Much permanent | teleworking, spending patterns, productivity gains, online Hits: 2 |
EPLC-2-19-21.pdf6% 2.5% 13.1% 9.6% -- Wages and Salaries 4.3% 3.3% -6.6% -2.6% 0.6% Unemployment Rate (level) 4.4% 5.4% 14.0% 10.4% 6.6% Change Payroll Jobs (000s) 54 28 -849 -504 2021 11 Actual and Projected Federal Relief for PA February 19, 2021 12 2020 2021 Notes Payments to Individuals State Unemployment Comp $5.2 $1.6 CY projections for full year Federal Pandemic UC (FPUC) 16.2 3.6 CY 20 Hits: 2 |
Economic_and_Revenue_Update_2021.pdf8% -10.9% -4.0% -- Philadelphia CPI-U 2.0% 0.9% 2.6% 0.0% 0.4% 0.9% Unemployment Rate (level) 4.4% 9.1% 5.4% 14.0% 10.4% 6.6% Change Payroll Jobs (000s) 54 -446 Independent Fiscal Office 6 March 2021 Actual and Projected Federal Relief for Pennsylvania 2020 2021 Notes Payments to Individuals State Unemployment Comp $5.2 $1.6 Federal Pandemic UC (FPUC) 16.2 3.6 Pandemic Unemploy Assist (PUA) 7.0 1 Hits: 2 |
Economic_and_Revenue_Update_2020.pdfHousing Finance Agency, Zillow, Federal Reserve Bank of New York. Note: Data for 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 35.1 Change in Payroll Jobs 46.2 48.6 58.8 65.6 45.6 45.4 45.7 Unemployment Rate 5.3 5.4 4.9 4.3 4.0 -- -- Note: Births less Deaths include unallocated amounts. Payroll jobs Hits: 2 |
CompetePA_March_11_2021.pdfIndex +12.4% New Round of Federal Stimulus March 11, 2021 5 CARES CAA ARP Notes Payments to Individuals State Unemployment Compensation $5.2 $1.6 -- CAA is full year amount Federal Pandemic Unemploy Comp (FPUC) 16.2 3.4 $4.5 extended to Sept Pandemic Unemployment Assistance (PUA) 7.0 1.1 1.3 Other Federal Assistance 3.3 0.9 1.4 SNAP Benefits 0 Hits: 2 |
2024_Mid_Year_Update_Final.pdf17.6% -17.5% -5.9% 30-Yr Mortgage Rate 6.37% 6.51% 7.04% 7.30% Labor Market Unemployment Rate 4.3% 4.0% 3.5% 3.5% Change Payroll Jobs (000s) 142 115 108 85 Change All Jobs (000s) 44 41 74 83 Note: Figures are year-over-year growth rates, except Real GDP (quarterly annualized) and Unemployment Rate (average rate for quarter). Change Payroll Jobs assumes a -40k revision to preliminary data based on research published by Hits: 2 |
2023_Mid_Year_Update.pdf0% 9.6% 7.0% 5.6% Philadelphia CPI-U 6.1% 7.3% 8.6% 8.1% 7.1% Unemployment Rate 5.5% 5.1% 4.6% 4.2% 4.0% Number Unemployed (000s) 353 327 288 270 255 Change are taxable (dining out, electronics) -$7 million per month Withholding: Large Wage Gains Largely Done January 31, 2023 16 PA Unemployment Rate lowest on record 1.6 job openings per unemployed resident Wage growth slowing despite strong job gains ▪ avg hours Hits: 2 |
2013-10 Monthly Economic Summary.pdfUnited States Economic Indicators Monthly Economic Report O c t o b e r 2 0 1 3 Unemployment Rate The number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase 34 1,412 1,633 1,682 1,763 2.2% 1.5% 1.2% n.a. Pennsylvania Economic Indicators Unemployment Rate The number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase Hits: 2 |
2013-09 Monthly Economic Summary-FINAL.pdfUnited States Economic Indicators Monthly Economic Report S e p t e m b e r 2 0 1 3 Unemployment Rate The number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase 53 1,441 1,686 1,633 1,682 2.0% 2.0% 1.5% n.a. Pennsylvania Economic Indicators Unemployment Rate The number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase Hits: 2 |
2013-08 Monthly Economic Summary.pdfUnited States Economic Indicators Monthly Economic Report A u g u s t 2 0 1 3 Unemployment Rate The number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase 57 1,407 1,606 1,686 1,636 1.7% 1.8% 2.0% n.a. Pennsylvania Economic Indicators Unemployment Rate The number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase Hits: 2 |
2013-07 Monthly Economic Summary.pdfUnited States Economic Indicators Monthly Economic Report J u l y 2 0 1 3 Unemployment Rate The number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase 59 1,379 1,631 1,613 1,694 1.4% 1.4% 1.8% n.a. Pennsylvania Economic Indicators Unemployment Rate The number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase Hits: 2 |
2013-06 Monthly Economic Summary - FINAL.pdfUnited States Economic Indicators Monthly Economic Report J u n e 2 0 1 3 Unemployment Rate The number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase 63 1,362 1,598 1,631 1,613 1.7% 1.1% 1.4% n.a. Pennsylvania Economic Indicators Unemployment Rate The number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase Hits: 2 |
2013-04 Monthly Economic Report.pdfUnited States Economic Indicators Monthly Economic Report A p r i l 2 0 1 3 Unemployment Rate The number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase 57 1,398 1,515 1,569 1,594 2.3% 2.0% 1.5% n.a. Pennsylvania Economic Indicators Unemployment Rate The number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase Hits: 2 |
2013-03b Monthly Economic Summary.pdf3 Jan 7.9% 195.0 4.4% 11.4% 73.8 53.1 3.31 1,498 1.6% Unemployment Rate The number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase 2013 is as of 3/28/13) 9/ U.S. Department of Labor - Bureau of Labor Statistics. Pennsylvania Economic Indicators Unemployment Rate The number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase Hits: 2 |
2013-02 Monthly Economic Report.pdf3 Dec 7.8% 201.0 4.3% 12.0% 72.9 50.7 3.31 1,426 1.8% Unemployment Rate The number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase 2013 is as of 2/27/13) 9/ U.S. Department of Labor - Bureau of Labor Statistics. Pennsylvania Economic Indicators Unemployment Rate The number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase Hits: 2 |
2013-01 Monthly Economic Report.pdf3 Nov 7.8% 181.7 4.3% 11.1% 82.7 49.5 3.45 1,416 1.8% Unemployment Rate The number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase Information Administration. 8/ Standard and Poor’s. 9/ U.S. Department of Labor - Bureau of Labor Statistics. Pennsylvania Economic Indicators Unemployment Rate The number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase Hits: 2 |
2012-12 Monthly Economic Summary FINAL.pdf12 7.7% 138.7 4.2% 11.5% 82.7 10 49.5 3.46 1,416 1.8% Unemployment Rate The number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase 9/ U.S. Department of Labor - Bureau of Labor Statistics. 10/ December value fell to 72.9. Pennsylvania Economic Indicators Unemployment Rate The number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase Hits: 2 |
2012-10 Monthly Economic Summary FINAL.pdf2 Jul 8.3% 104.3 4.2% 8.7% 72.3 49.8 3.44 1,379 1.4% Unemployment Rate The number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase Pennsylvania Economic Indicators Jul 7.9% -4.4 0.8% 9.3% 11.6% -12.9 3.49 1.3% Unemployment Rate The number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase Hits: 2 |
2012-08 Monthly Economic Summary_Final.pdf2 May 8.2% 99.3 5.6% 8.7% 79.3 53.5 3.73 1,310 1.7% Unemployment Rate The number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase Pennsylvania Economic Indicators May 7.4% -1.8 3.3% 4.1% 17.5% -5.8 3.74 2.0% Unemployment Rate The number of individuals unemployed divided by the labor force. 1 Monthly Net Job Gains (000s) Average net increase Hits: 2 |
The Payroll Tax Cut Extension FINAL.pdfContact IFO” page. INTRODUCTION Throughout 2011, workers received a boost in their take-home pay due to the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010. That Act temporarily reduced the payroll taxes that employers withheld from employee Hits: 1 |
TC_2023_Manufacturing.pdfawarded as part of a larger economic development package ▪ Whether the new hire had been previously unemployed and duration of unemployment ▪ Whether new hires receive formal job training ▪ Identify firms that had no presence in Pennsylvania prior to the MTC award Hits: 1 |
TC_2021_Video_Game_Production.pdfthe Quarterly Census of Employment and Wages (QCEW) and are based on returns filed by firms covered by the national unemployment insurance program, which comprise more than 99 percent of all private wage and salary employment. The data are compiled based Hits: 1 |
TC_2021_Neighborhood_Assistance_Program.pdfA distressed area is an area that exhibits a high incidence of one or more demographic factors such as consistent unemployment, school dropout and public assistance dependency. Areas deemed distressed for NAP Tax Credit pur- poses include: Enterprise Zones, Keystone Opportunity Hits: 1 |
TC_2021_Keystone_Special_Development_Zones_Update.pdftax credit). 26 Labor income includes employee compensation such as wages and salaries, employer taxes such as Social Security and unemployment compensation, and healthcare and pension benefits. It also includes income received by sole pro- prietorships, independent contractors and partnerships. 27 Hits: 1 |
TC_2019_Film_Production_Tax_Credit_Report.pdfEmployment and Wages (QCEW). 9 The data are based on returns filed by firms covered by the national unemployment insurance program and comprise more than 99 percent of all private wage and salary employment. The data are compiled based on the Hits: 1 |
Tax_Modernization_Mar_2024.pdfgroupings use reported PA Taxable Income Excludes retirement income (e.g., Social Security, IRAs and pensions) Excludes transfers (e.g., Unemployment Comp and SSI) Many filers have minimal income Must file if income generates >$1 tax | dependents file separate returns Older Hits: 1 |
SUT Exemption for Aircraft - January 2013.pdfcertain disclosure restrictions are met. The data are based on returns filed by firms covered under the national Unemployment Insurance program and comprise 99.7 percent of all private wage and salary civilian employment. 9 The Bureau of Labor Statistics uses Hits: 1 |
State_Tax_Comparison_2024_02.pdfincome, capital income (e.g., interest, dividends and capital gains), pensions, IRA withdrawals and transfer income (e.g., Social Security, unemployment compensation). Pennsylvania ranked 18 th for PIT and was higher than the U.S. weighted ($1,791) and unweighted average Hits: 1 |
Revenue_Proposal_Analysis_2024_03.pdfS. Census Bureau and the U.S. Bureau of Labor Statistics. It provides data on the labor force, employment levels, unemployment rates and various demographic characteristics. 15 Jobs include non-tipped positions within nonfarm establishments and excludes self-employed, owners and Hits: 1 |
Revenue-Estimate-Performance_2022_10.pdfProgram, the Consolidated Appropriations Act and the American Rescue Plan) after the release of the estimate, which provided for extended unemployment compensation benefits, additional economic impact payments and more funding for the Paycheck Protection Program. As a result of the significant Hits: 1 |
Revenue-Estimate-Performance-2021-09.pdfProgram, the Consolidated Appropriations Act and the American Rescue Plan) after the release of the estimate, which provided for extended unemployment compensation benefits, additional economic impact payments and more funding for the Paycheck Protection Program. As a result of the significant Hits: 1 |
REU-2020-02.pdfINDICATORS United States Pennsylvania Nov-19 Dec-19 Jan-20 Feb-20 Nov-19 Dec-19 Jan-20 Feb-20 Unemployment Rate 1 3.5% 3.5% 3.6% n.a. 4.3% 4.5% n.a. n.a. Net Job Hits: 1 |
REU-2019-10.pdfINDICATORS United States Pennsylvania Jul-19 Aug-19 Sept-19 Oct-19 Jul-19 Aug-19 Sept-19 Oct-19 Unemployment Rate 1 3.7% 3.7% 3.5% 3.6% 3.9% 3.9% 4.0% n.a. Net Job Hits: 1 |
RB_2024_03_Jobs_Revised.pdfthe Quarterly Census of Employment and Wages (QCEW) database. The data include all employers that are part of the state unemployment insurance system and reflect jobs and wage data reported in monthly and quarterly administrative filings. These data are used to Hits: 1 |
RB_2024_02_Jobs_Revised.pdfof Employment and Wages (QCEW) database. These data include the full population of firms that are part of the state unemployment insurance system and reflect jobs and wage data reported in monthly and quarterly administrative filings. These administrative data are used Hits: 1 |
RB_2024_01_Min_Wage.pdfFiscal Office Page 2 Since May 2022, the labor market has recorded significant job gains, and the November 2023 state unemployment rate was at an all-time low (3.4%). To provide insight on how these conditions could impact the effective Hits: 1 |
RB_2023_07_Inflation_Impact.pdfof inflation and an historically tight labor market, especially for jobs with lower hourly earnings. For June 2023, the Pennsylvania unemployment rate (3.8%) was the lowest on record. ▪ The figures represent cumulative real gains over the time period, and not Hits: 1 |
RB_2021_10_Inflation_Impact_Wages.pdfthat the decline in real hourly earnings decelerated during the summer. These data do not reflect the expiration of federal unemployment compensation benefits, which ended the first week of September. That expiration could alleviate some pressures in the labor market and Hits: 1 |
RB-2020-COVID-19 Local Revenue Impact.pdfMay 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) county data published by the Department of Revenue (DOR) for Hits: 1 |
RB-2017-5.pdfsources of income such as wages, business income, interest, dividends, rents, royalties, employer contributions to pension and health insurance plans, unemployment compensation and transfer income (e.g., Social Security and various medical and income maintenance benefits). Payroll Employment The number Hits: 1 |
RB-2016-02.pdfworkers, develops career ladders and highlights best practices. Keystone Works $500 $100 Provides business‐driven training opportunities for eligi‐ ble unemployment compensation claimants. Claimants remain eligible for bene Ðits while participating in the program and businesses are eligible to receive incentive Hits: 1 |
RB-2015-04.pdfBureau on behalf of the U.S. Bureau of Labor Statistics. It provides data on the labor force, employment levels, unemployment rates and various other demographic and labor force characteristics. The monthly survey includes 60,000 U.S. households and is Hits: 1 |
Presentation-2018-08-PA-State-Association-Boroughs.pdfincome received that could be spent or saved. Business Income includes S corporations, partnerships and sole proprietors. Income Maintenance includes unemployment compensation, SNAP, veterans’ benefits and disability programs. Source: Computations by the IFO using various government data sources. August.08.2018 Hits: 1 |
PBB_2023_DDAP_REPORT.pdfon local needs assessments submitted by SCAs. Different levels of treatment funding may be needed depending on Medicaid enrollment and unemployment rates at the local level. It is unclear to what extent SCAs with lower funding levels may have higher rates Hits: 1 |
PBB_2022_AGRICULTURE_REPORT.pdftake advantage of economies of scale. The department uses a formula to allocate SFPP and PASS funds based on county unemployment data, county SNAP enrollment and county enrollment in medical assistance. This formula is determined in con- sultation with the Emergency Hits: 1 |
PBB_2021_PennDOT_REPORT_ADDENDUM.pdfexperience, and competition with private sector opportunities and higher wages. For both, COVID-19 lockdown, economic stimulus payments, and generous unemployment compensation are likely contributing factors for the decline. Source: Recruitment Events Calendar. Note: The Infrastructure and Economic Development HR Delivery Hits: 1 |
PBB-Board-Hearing-Jan-22-2020.pdfIssues Raised by Agencies Outcomes: we have very limited control over them DEP: air pollution | DOH: diabetes rate | DCED: unemployment rate Mainly scale issues | resources too small to move needle Federal published data often differ from state compilations Hits: 1 |
Official-Revenue-Estimate-Methodology-2019-06.pdfAccounts, any payments made by employers on behalf of employees for health or life insurance, life insurance proceeds, unemployment compensation, worker’s compensation, compensation for certain military service and most educational grants and scholarships. Methodology The personal income tax (PIT) model Hits: 1 |
Newsstand_2018_May.pdfApril jobs report released by the U.S. Department of Labor and the factors that influenced the decline in the unemployment rate to 3.9%. The main factors mentioned include global competition, a recent decline in the size of the labor Hits: 1 |
Newsstand_2018_June.pdfjob openings was 6.7 million in April, while 6.3 million Americans were unemployed that same month. The national unemployment rate for May was 3.8%, its lowest level since April 2000. Due to tight labor market conditions, many business Hits: 1 |
MTR-2019-09.pdfINDICATORS United States Pennsylvania Jun-19 Jul-19 Aug-19 Sept-19 Jun-19 Jul-19 Aug-19 Sept-19 Unemployment Rate 1 3.7% 3.7% 3.7% n.a. 3.8% 3.9% 3.9% n.a. Net Job Hits: 1 |
MTR-2019-08.pdfINDICATORS United States Pennsylvania May-19 Jun-19 Jul-19 Aug-19 May-19 Jun-19 Jul-19 Aug-19 Unemployment Rate 1 3.6% 3.7% 3.7% n.a. 3.8% 3.8% 3.9% n.a. Net Job Hits: 1 |
MTR-2019-06.pdfINDICATORS United States Pennsylvania Mar-19 Apr-19 May-19 Jun-19 Mar-19 Apr-19 May-19 Jun-19 Unemployment Rate 1 3.8% 3.6% 3.6% n.a. 3.9% 3.8% 3.8% n.a. Net Job Hits: 1 |
MTR-2019-05.pdfINDICATORS United States Pennsylvania Feb-19 Mar-19 Apr-19 May-19 Feb-19 Mar-19 Apr-19 May-19 Unemployment Rate 1 3.8% 3.8% 3.6% 3.6% 4.0% 3.9% 3.8% n.a. Net Job Hits: 1 |
MTR-2019-04.pdfINDICATORS United States Pennsylvania Jan-19 Feb-19 Mar-19 Apr-19 Jan-19 Feb-19 Mar-19 Apr-19 Unemployment Rate 1 4.0% 3.8% 3.8% 3.6% 4.1% 4.0% 3.9% n.a. Net Job Hits: 1 |
MTR-2019-03.pdfINDICATORS United States Pennsylvania Dec-18 Jan-19 Feb-19 Mar-19 Dec-18 Jan-19 Feb-19 Mar-19 Unemployment Rate 1 3.9% 4.0% 3.8% 3.8% 4.2% 4.1% 4.0% n.a. Net Job Hits: 1 |
MTR-2019-02.pdfINDICATORS United States Pennsylvania Nov-18 Dec-18 Jan-19 Feb-19 Nov-18 Dec-18 Jan-19 Feb-19 Unemployment Rate 1 3.7% 3.9% 4.0% n.a. 4.2% 4.2% n.a. n.a. Net Job Hits: 1 |
MTR-2019-01.pdfINDICATORS United States Pennsylvania Oct-18 Nov-18 Dec-18 Jan-19 Oct-18 Nov-18 Dec-18 Jan-19 Unemployment Rate 1 3.8% 3.7% 3.9% 4.0% 4.1% 4.2% 4.2% n.a. Net Job Hits: 1 |
MTR-2018-12.pdfINDICATORS United States Pennsylvania Sep-18 Oct-18 Nov-18 Dec-18 Sep-18 Oct-18 Nov-18 Dec-18 Unemployment Rate 1 3.7% 3.8% 3.7% 3.9% 4.1% 4.1% 4.2% n.a. Net Job Hits: 1 |
MTR-2018-11.pdfINDICATORS United States Pennsylvania Aug-18 Sep-18 Oct-18 Nov-18 Aug-18 Sep-18 Oct-18 Nov-18 Unemployment Rate 1 3.9% 3.7% 3.7% 3.7% 4.1% 4.1% 4.1% n.a. Net Job Hits: 1 |
MTR-2018-10.pdfINDICATORS United States Pennsylvania Jul-18 Aug-18 Sep-18 Oct-18 Jul-18 Aug-18 Sep-18 Oct-18 Unemployment Rate 1 3.9% 3.9% 3.7% 3.7% 4.2% 4.1% 4.1% n.a. Net Job Hits: 1 |
MTR-2018-1.pdfINDICATORS United States Pennsylvania Oct-17 Nov-17 Dec-17 Jan-18 Oct-17 Nov-17 Dec-17 Jan-18 Unemployment Rate 1 4.1% 4.1% 4.1% 4.1% 4.7% 4.6% 4.7% n.a. Net Job Hits: 1 |
MTR-2018-09.pdfINDICATORS United States Pennsylvania Jun-18 Jul-18 Aug-18 Sep-18 Jun-18 Jul-18 Aug-18 Sep-18 Unemployment Rate 1 4.0% 3.9% 3.9% 3.7% 4.3% 4.2% 4.1% n.a. Net Job Hits: 1 |
MTR-2018-08.pdfINDICATORS United States Pennsylvania May-18 Jun-18 Jul-18 Aug-18 May-18 Jun-18 Jul-18 Aug-18 Unemployment Rate 1 3.8% 4.0% 3.9% 3.9% 4.5% 4.3% 4.2% n.a. Net Job Hits: 1 |
MTR-2018-07.pdfINDICATORS United States Pennsylvania Apr-18 May-18 Jun-18 Jul-18 Apr-18 May-18 Jun-18 Jul-18 Unemployment Rate 1 3.9% 3.8% 4.0% 3.9% 4.7% 4.5% 4.3% n.a. Net Job Hits: 1 |
MTR-2018-06.pdfINDICATORS United States Pennsylvania Mar-18 Apr-18 May-18 Jun-18 Mar-18 Apr-18 May-18 Jun-18 Unemployment Rate 1 4.1% 3.9% 3.8% 4.0% 4.8% 4.7% 4.5% n.a. Net Job Hits: 1 |
MTR-2018-05.pdfINDICATORS United States Pennsylvania Feb-18 Mar-18 Apr-18 May-18 Feb-18 Mar-18 Apr-18 May-18 Unemployment Rate 1 4.1% 4.1% 3.9% 3.8% 4.8% 4.8% 4.7% n.a. Net Job Hits: 1 |
MTR-2018-04.pdfINDICATORS United States Pennsylvania Jan-18 Feb-18 Mar-18 Apr-18 Jan-18 Feb-18 Mar-18 Apr-18 Unemployment Rate 1 4.1% 4.1% 4.1% n.a. 4.8% 4.8% 4.8% n.a. Net Job Hits: 1 |
MTR-2018-03.pdfINDICATORS United States Pennsylvania Dec-17 Jan-18 Feb-18 Mar-18 Dec-17 Jan-18 Feb-18 Mar-18 Unemployment Rate 1 4.1% 4.1% 4.1% n.a. 4.8% 4.8% 4.8% n.a. Net Job Hits: 1 |
MTR-2018-02.pdfINDICATORS United States Pennsylvania Nov-17 Dec-17 Jan-18 Feb-18 Nov-17 Dec-17 Jan-18 Feb-18 Unemployment Rate 1 4.1% 4.1% 4.1% n.a. 4.6% 4.7% n.a. n.a. Net Job Hits: 1 |
MTR-2017-12.pdfINDICATORS United States Pennsylvania Sep-17 Oct-17 Nov-17 Dec-17 Sep-17 Oct-17 Nov-17 Dec-17 Unemployment Rate 1 4.2% 4.1% 4.1% 4.1% 4.8% 4.7% 4.6% n.a. Net Job Hits: 1 |
MTR-2017-11.pdfINDICATORS United States Pennsylvania Aug-17 Sep-17 Oct-17 Nov-17 Aug-17 Sep-17 Oct-17 Nov-17 Unemployment Rate 1 4.4% 4.2% 4.1% 4.1% 4.9% 4.8% 4.7% n.a. Net Job Hits: 1 |
MTR-2017-10.pdfINDICATORS United States Pennsylvania Jul-17 Aug-17 Sep-17 Oct-17 Jul-17 Aug-17 Sep-17 Oct-17 Unemployment Rate 1 4.3% 4.4% 4.2% 4.1% 5.0% 4.9% 4.8% n.a. Net Job Hits: 1 |
MTR-2017-09.pdfINDICATORS United States Pennsylvania Jun-17 Jul-17 Aug-17 Sep-17 Jun-17 Jul-17 Aug-17 Sep-17 Unemployment Rate 1 4.4% 4.3% 4.4% 4.2% 5.0% 5.0% 4.9% n.a. Net Job Hits: 1 |
MTR-2017-08.pdfEIA. United States Pennsylvania May-17 Jun-17 Jul-17 Aug-17 May-17 Jun-17 Jul-17 Aug-17 Unemployment Rate 1 4.3% 4.4% 4.3% 4.4% 5.0% 5.0% 5.0% n.a. Net Job Hits: 1 |
MTR-2017-07.pdfEIA. United States Pennsylvania Apr-17 May-17 Jun-17 Jul-17 Apr-17 May-17 Jun-17 Jul-17 Unemployment Rate 1 4.4% 4.3% 4.4% 4.3% 4.9% 5.0% 5.0% n.a. Net Job Hits: 1 |
MTR-2017-06.pdfoutlets. United States Pennsylvania Mar-17 Apr-17 May-17 Jun-17 Mar-17 Apr-17 May-17 Jun-17 Unemployment Rate 1 4.5% 4.4% 4.3% 4.4% 4.8% 4.9% 5.0% n.a. Net Job Hits: 1 |
MTR-2017-05.pdfwebsites. United States Pennsylvania Feb-17 Mar-17 Apr-17 May-17 Feb-17 Mar-17 Apr-17 May-17 Unemployment Rate 1 4.7% 4.5% 4.4% 4.3% 5.0% 4.8% 4.9% n.a. Net Job Hits: 1 |
MTR-2017-04.pdf2015. United States Pennsylvania Jan-17 Feb-17 Mar-17 Apr-17 Jan-17 Feb-17 Mar-17 Apr-17 Unemployment Rate 1 4.8% 4.7% 4.5% n.a. 5.2% 5.0% 4.8% n.a. Net Job Hits: 1 |
MTR-2017-03.pdfFRBNY. United States Pennsylvania Dec-16 Jan-17 Feb-17 Mar-17 Dec-16 Jan-17 Feb-17 Mar-17 Unemployment Rate 1 4.7% 4.8% 4.7% 4.5% 5.4% 5.2% 5.0% n.a. Net Job Hits: 1 |
MTR-2017-02.pdfAdministration. United States Pennsylvania Nov-16 Dec-16 Jan-17 Feb-17 Nov-16 Dec-16 Jan-17 Feb-17 Unemployment Rate 1 4.6% 4.7% 4.8% n.a. 5.7% 5.6% n.a. n.a. Net Job Hits: 1 |
MTR-2017-01.pdfRealtors. United States Pennsylvania Oct-16 Nov-16 Dec-16 Jan-17 Oct-16 Nov-16 Dec-16 Jan-17 Unemployment Rate 1 4.8% 4.6% 4.7% 4.8% 5.8% 5.7% 5.6% n.a. Net Job Hits: 1 |
MTR-2016-12.pdf2016. United States Pennsylvania Sep-16 Oct-16 Nov-16 Dec-16 Sep-16 Oct-16 Nov-16 Dec-16 Unemployment Rate 1 4.9% 4.8% 4.6% 4.7% 5.7% 5.8% 5.7% n.a. Net Job Hits: 1 |
MTR-2016-11.pdffeet. United States Pennsylvania Aug-16 Sep-16 Oct-16 Nov-16 Aug-16 Sep-16 Oct-16 Nov-16 Unemployment Rate 1 4.9% 5.0% 4.9% 4.6% 5.7% 5.7% 5.8% n.a. Net Job Hits: 1 |
MTR-2016-10.pdfGrowth United States Pennsylvania Jul-16 Aug-16 Sep-16 Oct-16 Jul-16 Aug-16 Sep-16 Oct-16 Unemployment Rate 1 4.9% 4.9% 5.0% n.a. 5.6% 5.7% 5.7% n.a. Net Job Hits: 1 |
MTR-2016-09.pdfMilk United States Pennsylvania Jun-16 Jul-16 Aug-16 Sep-16 Jun-16 Jul-16 Aug- 16 Sep-16 Unemployment Rate 1 4.9% 4.9% 4.9% n.a. 5.6% 5.6% 5.7% n.a. Net Job Hits: 1 |
MTR-2016-08.pdfResidential United States Pennsylvania May-16 Jun-16 Jul-16 Aug-16 May-16 Jun-16 Jul-16 Aug-16 Unemployment Rate 1 4.7% 4.9% 4.9% n.a. 5.5% 5.6% 5.6% n.a. Net Job Hits: 1 |
MTR-2016-06.pdfWithholding United States Pennsylvania Mar-16 Apr-16 May-16 Jun-16 Mar-16 Apr-16 May-16 Jun-16 Unemployment Rate 1 5.0% 5.0% 4.7% 4.9% 4.9% 5.3% 5.5% n.a. Net Job Hits: 1 |
MTR-2016-05.pdfparts. United States Pennsylvania Feb-16 Mar-16 Apr-16 May-16 Feb-16 Mar-16 Apr-16 May-16 Unemployment Rate 1 4.9% 5.0% 5.0% 4.7% 4.6% 4.9% 5.3% n.a. Net Job Hits: 1 |
MTR-2016-04.pdfPrice United States Pennsylvania Jan-16 Feb-16 Mar-16 Apr-16 Jan-16 Feb-16 Mar-16 Apr-16 Unemployment Rate 1 4.9% 4.9% 5.0% n.a. 4.6% 4.6% 4.9% n.a. Net Job Hits: 1 |
MTR-2016-03.pdfSectors United States Pennsylvania Dec-15 Jan-16 Feb-16 Mar-16 Dec-15 Jan-16 Feb-16 Mar-16 Unemployment Rate 1 5.0% 4.9% 4.9% 5.0% 4.7% 4.6% 4.6% n.a. Net Job Hits: 1 |
MTR-2016-02.pdfPaɓɇeɈɎɍ United States Pennsylvania Nov-15 Dec-15 Jan-16 Feb-16 Nov-15 Dec-15 Jan-16 Feb-16 Unemployment Rate 1 5.0% 5.0% 4.9% 4.9% 4.7% 4.7% 4.6% n.a. Net Job Hits: 1 |
MTR-2016-01.pdf2015 United States Pennsylvania Oct-15 Nov-15 Dec-15 Jan-16 Oct-15 Nov-15 Dec-15 Jan-16 Unemployment Rate 1 5.0% 5.0% 5.0% 4.9% 5.1% 5.0% 4.8% n.a. Net Job Hits: 1 |
MTR-2015-11.pdf5% United States Pennsylvania Aug-15 Sep-15 Oct-15 Nov-15 Aug-15 Sep-15 Oct-15 Nov-15 Unemployment Rate 1 5.1% 5.1% 5.0% 5.0% 5.4% 5.3% 5.1% n.a. Net Job Hits: 1 |
MTR-2015-10.pdfenergy United States Pennsylvania Jul-15 Aug-15 Sep-15 Oct-15 Jul-15 Aug-15 Sep-15 Oct-15 Unemployment Rate 1 5.3% 5.1% 5.1% n.a. 5.4% 5.4% 5.3% n.a. Net Job Hits: 1 |
MTR-2015-09.pdfSnapshot United States Pennsylvania Jun-15 Jul-15 Aug-15 Sep-15 Jun-15 Jul-15 Aug-15 Sep-15 Unemployment Rate 1 5.3% 5.3% 5.1% 5.1% 5.4% 5.4% 5.4% n.a. Net Job Hits: 1 |
MTR-2015-08.pdfSnapshot United States Pennsylvania May-15 Jun-15 Jul-15 Aug-15 May-15 Jun-15 Jul-15 Aug-15 Unemployment Rate 1 5.5% 5.3% 5.3% 5.1% 5.4% 5.4% 5.4% n.a. Net Job Hits: 1 |
MTR-2015-07.pdfSnapshot United States Pennsylvania Apr-15 May-15 Jun-15 Jul-15 Apr-15 May-15 Jun-15 Jul-15 Unemployment Rate 1 5.4% 5.5% 5.3% n.a. 5.3% 5.4% 5.4% n.a. Net Job Hits: 1 |
MRU-2020-07.pdfdemand from COVID-19 business closures earlier this year and the continued effect of federal economic impact payments and enhanced unemployment compensation benefits. Personal income tax (PIT) collections for July were $2.31 billion, an increase of $1.29 billion (126 Hits: 1 |
Labor_Market_Update_Sept_2021.pdftraditional UC claims (excludes “normal” claims that would be expected for the month) and non-traditional claims under the Pandemic Unemployment Assistance (PUA) program. For August, an average of 672,100 claims above normal were paid each week for a total Hits: 1 |
Labor_Market_Update_October_2021.pdftraditional UC claims (excludes “normal” claims that would be expected for the month) and non-traditional claims under the Pandemic Unemployment Assistance (PUA) program. The federal programs expired in the first week of September. For the month, an average of 182 Hits: 1 |
Labor_Market_Update_July_2021.pdftraditional UC claims (excludes “normal” claims that would be expected for the month) and non-traditional claims under the Pandemic Unemployment Assistance (PUA) program. For June, an average of 767,300 claims above normal were paid each week for a total Hits: 1 |
Labor_Market_Update_Aug_2021.pdftraditional UC claims (excludes “normal” claims that would be expected for the month) and non-traditional claims under the Pandemic Unemployment Assistance (PUA) program. For July, an average of 690,400 claims above normal were paid each week for a total Hits: 1 |
Initial_Revenue_Update_May_2023_Final.pdf6% 8.1% 5.3% 5.1% Philadelphia CPI-U 8.6% 8.1% 7.1% 6.9% 4.7% Unemployment Rate 4.3% 4.3% 4.4% 4.3% 4.1% Number Unemployed (000s) 279 279 282 280 268 Change Hits: 1 |
Initial_Revenue_Estimate_Presentation_May_2023_Final.pdf6% 8.1% 5.3% 5.1% Philadelphia CPI-U 8.6% 8.1% 7.1% 6.9% 4.7% Unemployment Rate 4.3% 4.3% 4.4% 4.3% 4.1% Number Unemployed (000s) 279 279 282 280 268 Change Hits: 1 |
IFO_PASBO_Presentation_Nov_2021.pdfOct Nov Dec Jan 2021 Feb Mar Apr May Jun Jul Aug Sep Changein PA Labor Force from Jan 2020 Unemployment Rate $600/wk ends $300/wkends Source: U.S. Bureau of Labor Statistics. CTC starts Labor Force Contraction Federal programs Hits: 1 |
IFO_Hearing_Packet_Feb2018.pdfBusiness income includes partnerships, S corporations, sole proprietors and self-employed. Income maintenance includes veterans' benefits, Supplemental Security Income, EITC, unemployment insurance and other. Source: Revenue Estimate Methodology, IFO (June 2017). 8 State Metric Comparison DE MD NJ NY OH PA Hits: 1 |
IFO_Hearing_Materials_02_2024.pdf3% -2.4% -2.0% Durable Goods (9.1%) FHFA Home Value Index RedFin Home Sales 30-Yr Mortgage Rate Unemployment Rate Housing Market Number Unemployed (000s) Labor Market (SA) Consumers Note: All growth rates or changes are year-over-year Hits: 1 |
HTAE_2019_05_15.pdfLevel 2015 2016 2017 2018 2019 Net Jobs Created (000s) 46.2 48.8 58.8 65.6 57.7 Unemployment Rate 5.3% 5.4% 4.9% 4.3% 3.9% # Unemployed (000s) 339 348 314 276 248 Total PA Hits: 1 |
House_Appropriation_Response_Letter_3_17_2021.pdfalso increase costs in other areas including: marijuana substance abuse treatment, workplace incidents involving marijuana, drug-free workplace policies and unemployment, home growing and marijuana grey market enforcement, and certain long-term negative health impacts due to increased marijuana use. 3 Hits: 1 |
Five_Year_Outlook_Presentation_2023_final.pdf1% 6.9% 3.9% 3.9% RedFin Home Sales -24.5% -20.1% -17.6% -17.5% Labor Market Unemployment Rate 4.4% 4.3% 4.0% 3.5% Change Payroll Jobs (000s) 189 172 155 148 Change All Jobs Hits: 1 |
Five_Year_Outlook_Presentation_2021.pdfOct Nov Dec Jan 2021 Feb Mar Apr May Jun Jul Aug Sep Changein PA Labor Force from Jan 2020 Unemployment Rate $600/wk ends $300/wkends Source: U.S. Bureau of Labor Statistics. CTC starts Labor Force Contraction Federal programs Hits: 1 |
EPLC Feb 2020 FINAL.pdf7 -30.6 -32.4 Net Payroll Jobs 46.2 48.6 58.8 65.6 45.6 45.4 Unemployment Rate 5.3% 5.4% 4.9% 4.3% 4.0% -- Source: Historical data from the U.S. Bureau of Hits: 1 |
Economic_Summit_Presentation_Sept_2023.pdf2% 4 Payroll Employment (000s) 56 -463 156 231 135 5 All Employment (000s) 66 -357 128 136 45 6 Unemployment Rate 4.3% 8.9% 6.0% 4.4% 3.9% 7 Home Sales 3.7% 7.2% 10.9% Hits: 1 |
Budget_Roundtable_Response_Letter_02_2024.pdfon new debt with those that paid down debt using federal stimulus (e.g., economic impact payments, PPP loans, enhanced unemployment compensation) during the federal health emergency. Representative Gleim requested data on loans or withdrawals taken from IRAs to pay down Hits: 1 |
2024_Wage_Contract_Summary_Table.pdf6/30/2027 9/19/2023 65 116 159 200 540 SEIU UC Referees Service Employees International Union, Local 668 - Unemployment Compensation 7/1/2023 6/30/2027 2/15/2024 0 1 1 2 4 SEIU Healthcare Service Employees International Hits: 1 |
2020_Mid_Year_Update.pdf7 -30.6 -32.4 Net Payroll Jobs 46.2 48.8 58.8 65.6 45.6 45.4 Unemployment Rate 5.3 5.4 4.9 4.3 4.0 -- Note: Payroll jobs exclude independent contractors and self-employed Hits: 1 |
2019_Wage_Contract_Summary_Table.pdf2019 25.6 56.3 89.3 119.0 290.1 SEIU UC Referees Service Employees International Union, Local 668 - Unemployment Compensation Referees 7/1/2019 6/30/2023 5/7/2020 0.2 0.4 0.6 0.8 2 Hits: 1 |
2002_drop_report.pdfHeart and Lung Act, the 11 act of December 5, 1936 (1937 P.L. 2897, No. 1), known as the Unemployment 12 Compensation Law, the act of June 2, 1915 (P.L. 736, No. 338), known as the 13 Workers’ Compensation Hits: 1 |
ReleasesOhio rate structure on Pennsylvania tax liability, net migration for Pennsylvania, regional student loan debt comparison and U3 and U6 unemployment rates. Full Report Older Newer Release Type • Revenue Estimates • Revenue & Economic Update • Performance Budgeting • Energy • Pension Analysis • Property Tax • Wage Hits: 1 |