August 11, 2015
ISSUE | SHALE TAX Levy means job loss It is dangerously misleading to ignore the fact that even higher energy taxes jeopardize jobs ("How Pa. can get severance tax right," Aug. 2). Responsible shale development is driving a petrochemical rebirth, specifically at Marcus Hook. Sunoco Logistics' Mariner East 2 pipeline is expected to support an estimated 30,000 construction jobs, generate nearly $62 million in tax revenues, and provide $4.2 billion in economic activity. In addition to the more than $2.3 billion in taxes paid by the natural gas industry since 2008, Pennsylvania imposes a shale-gas impact tax that's generated more than $850 million since 2011 for communities throughout the commonwealth.
June 7, 2015 |
The nation's employer payrolls expanded by 280,000 jobs in May, the U.S. Department of Labor reported Friday, with increased hiring across industry sectors. The unemployment rate rose slightly, to 5.5 percent from 5.4 percent in April, but was down from 6.3 percent last May. The strong employment gain last month has Wall Street expecting the Federal Reserve to move by October to increase interest rates, to keep the economy from overheating. Cranes and scaffolding in Center City and West Philadelphia tell the jobs story here, where, like elsewhere around the country, construction employment is particularly robust.
December 11, 2014 |
The full extent of Atlantic City's economic turmoil showed up in October's metropolitan-area employment report, released Tuesday by the Bureau of Labor Statistics. Atlantic County, which is home to Atlantic City, lost 9,900 jobs in the 12 months ended Oct. 31, as four of the city's dozen casinos closed. A fifth, the Trump Taj Mahal, could close Dec. 20. The next-biggest job loss nationally - 2,200 - was recorded in Davenport, Iowa, and two cities just across the Mississippi River in Illinois.
December 5, 2014 |
UIL HOLDINGS, the Connecticut utility company chosen by Mayor Nutter to purchase PGW for nearly $2 billion, has killed its offer indefinitely. "Unfortunately, there was not enough political will to get this done," said UIL spokesman Michael West. "Our investment apparently wasn't that attractive to some City Council members in leadership, so we felt that we needed to exit the deal at this time. "We are disappointed by not having an opportunity to represent the facts of it, and clearly there's no action by Philadelphia City Council to introduce a bill anywhere in the foreseeable future . . . We knew we had a strong case.
August 3, 2014 |
U.S. payrolls grew by 209,000 jobs in July - less than expected, but still enough to begin to erase the jobs deficit created by the recession, the U.S. Labor Department reported Friday. Even the rising unemployment rate, which ticked up by a tenth of a point to 6.2 percent, is an indicator of growth. That's because, to count as unemployed, a jobless person must actively be seeking work. As employment prospects improve, some people who had been sitting on the sidelines may reenter the labor market and start sending out resumés, but may not immediately find work.
January 16, 2014
A new look at job trends in Philadelphia and other old Northeastern cities over the last four decades shows real hope of reversing the erosion of employment first triggered by the decline of urban manufacturing. It's just that those hopes have materialized in other metro regions, not this one. A Center City District report released last week found that one in four Philadelphia jobs has been wiped out since 1970, which stands in stark contrast to the success of New York, Washington, and Boston in registering job gains over the same period.
November 14, 2013
THE ONLY problem with Mayor Nutter using taxpayer money to take repeated trips is that he keeps coming back. He should have been sent packing by the voters. By the way, Mr. Mayor, while you were away, Kraft/Nabisco announced that they will be closing their Northeast Philadelphia plant and moving operations to Mexico, resulting in more job loss here. Timothy T. Gass Philadelphia In the photo album accompanying the story, I didn't see any photos of the mayor with union officials.
November 11, 2013 |
October's jobless rate, pegged Friday at 7.3 percent, was up slightly from September. But the number's meaning is a source of monthly public confusion. Here are some explanations. The arm of government that computes the unemployment rate is the Labor Department's Bureau of Labor Statistics. This FAQ on the bureau's site explains how the number is reached and what it means. It starts with the question "Why does the government collect statistics on the unemployed?" When a willing worker is unemployed, everybody loses, it explains.
October 28, 2013 |
You might not be staring at unemployment - though millions still are without work - but it's always good to review ways to cut expenses so your money will last to the end of the month. Some "easy ways to cut back on spending every day" are collected by Maitland Greer, a blogger at Manilla.com. Most are common sense, but we need constant reminding. Carry your lunch to work and eat out less. Don't buy a lot of "dry-clean only" clothes. As far as possible, don't buy cable-TV services you never watch.