Wednesday, January 11, 2012

PA New Jobs Fall 20% Despite Gas Boom

 Despite a booming gas industry that increases employment and a rising number of jobs being created nationally, the number of new jobs created in Pennsylvania dropped about 20% from November 2010 to November 2011, when compared to jobs created from November 2009 to November 2010. Pennsylvania has fallen out of the ranks of being a national leader in job creation and is now below the national average in its rate of job creation.

Pennsylvania's economy had 63,300 additional, new jobs from November 2009 to November 2010 but just 51,000 from November 2010 to November 2011, according to Bureau of Labor Statistics data.  This is a trend that must be watched, but right now Pennsylvania is the only gas boom state with a slowing rate of job creation.

Pennsylvania's austerity economics and budget policies--especially the 21,000 education jobs directly and indirectly destroyed since May 2011 by public education funding cuts--caused a contraction that has rippled through the entire state's economy.

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