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PA Unemployment Rate Drops to 6.9% in December
PR Newswire - Fri Jan 24, 8:03AM CST
Pennsylvania's seasonally adjusted unemployment rate declined by four-tenths of a percentage point in December to 6.9 percent. This was the first time in nearly five years (January 2009) that the rate was below 7 percent, and it was the largest one-month decline since July 1983. The unemployment rate was down by one percentage point from December 2012.
Comment on U.S. Bureau of Census Retail Sales Report By Kathy Bostjancic, Director of Macroeconomic Analysis, The Conference Board
PR Newswire - Tue Jan 14, 8:22AM CST
Consumer spending, while selective, is gaining traction. While the headline increase of only 0.2 percent in December was on the weak side, the core retail sales were up a firmer 0.7 percent. Despite the weather-dampened job advance in December, job growth on average has been solid. Rising household wealth from improving housing and stock markets fed the upscale market. There might be a falloff in retail sales growth in January, but that has more to do with inclement weather, and will likely be followed by a recovery in February. The resilient American shopper is likely to spend increased wages in the first half of 2014 - on replacement furniture and household appliances, even if they are not on sale. And that could be the big economic story for the entire first half of 2014.
PA Unemployment Rate Drops to 6.9% in December
PR Newswire - Fri Jan 24, 8:03AM CST
Pennsylvania's seasonally adjusted unemployment rate declined by four-tenths of a percentage point in December to 6.9 percent. This was the first time in nearly five years (January 2009) that the rate was below 7 percent, and it was the largest one-month decline since July 1983. The unemployment rate was down by one percentage point from December 2012.
Comment on U.S. Bureau of Census Retail Sales Report By Kathy Bostjancic, Director of Macroeconomic Analysis, The Conference Board
PR Newswire - Tue Jan 14, 8:22AM CST
Consumer spending, while selective, is gaining traction. While the headline increase of only 0.2 percent in December was on the weak side, the core retail sales were up a firmer 0.7 percent. Despite the weather-dampened job advance in December, job growth on average has been solid. Rising household wealth from improving housing and stock markets fed the upscale market. There might be a falloff in retail sales growth in January, but that has more to do with inclement weather, and will likely be followed by a recovery in February. The resilient American shopper is likely to spend increased wages in the first half of 2014 - on replacement furniture and household appliances, even if they are not on sale. And that could be the big economic story for the entire first half of 2014.
