Jobs deficit grows, median income shrinks in Pa.

By Emma Jacobs, Newsworks, WHYY, August 29, 2012

The liberal group Keystone Research Center paints a discouraging picture of Pennsylvania in its latest jobs reports.

The findings, released Wednesday, show lagging employment numbers and declining median household income.

Center economist Mark Price says Pennsylvania’s job numbers are not recovering fast enough to absorb people laid off during the recession and young people entering the job market for the first time.

“One of the more grim facts from the past year is that the jobs deficit has actually increased in the last 12 months by roughly 74,000 jobs. So, essentially, the Pennsylvania labor market is not performing very well,” Price said, “It’s losing ground.”

Price says a weak labor market has held down wages — except among those with the highest income, according to the latest data available from 2010. Price says that the top 1 percent of earners captured three-quarters of Pennsylvania’s income growth.

The report, which now goes out to state legislators, recommends increasing government spending to stimulate job growth and a hike in Pennsylvania’s minimum wage.

Advertisements

Leave a comment

Filed under Economy, Labor, Tax

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s