Pennsylvania's June Jobs Report More Cause for Concern

Pennsylvania’s unemployment rate rose to 7.6% in June from 7.4% in May, according to a report Thursday from the state Department of Labor and Industry. Overall, the seasonally adjusted number of nonfarm jobs in Pennsylvania was down 2,600 in June to 5,676,900.

I issued the following statement on the new jobs report.

"The June jobs report continues to raise concerns that Pennsylvania, like the rest of the nation, has hit a bump in the road to economic recovery.

"This is a disappointing report across the board, with the labor force dropping, employment falling and the unemployment rate rising slightly. While the economy is still growing, that growth has been slower than expected and has translated into much less job creation than we need at a time of high unemployment.

"One of the few bright spots was the addition of 2,000 jobs in the manufacturing sector. In a recent survey, the Philadelphia Federal Reserve Board found some modest growth in manufacturing payrolls. Hopefully, that will translate into more job gains in this crucial sector.

"If we don't see stronger job growth in the fall, we can expect pressure to build for another round of intervention by national policy makers in the Federal Reserve and in Congress."


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