Friday, October 21, 2011

PA Loses 15,800 Jobs In September

Pennsylvania was among the top states creating jobs from January 2010 to April 2011 but now is a leader in losing jobs, as our unemployment rate shoots up.

The September jobs report for Pennsylvania is just ugly. Our unemployment rate increased again to 8.3% from 7.4% in April. Worse still Pennsylvania lost 15,800 jobs in September and ranked third in lost jobs. New Jersey was close behind, losing 11,100 jobs.

Twenty four states added jobs in September and 25 states saw their unemployment rates fall. Since April 2011, Pennsylvania's economic performance has been worse than the nation as a whole, with the 0.9% jump in our unemployment rate among the worst in the nation.

The enormous state cuts to education that destroyed 14,000 education jobs and the decline in spending for road and bridge repairs are part of the explanation for why the Pennsylvania economy has slammed into reverse since April.

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