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March 20, 2008
Details about Payroll Employment in Metropolitan Philadelphia
Today's post on trends in Payroll Employment in Metropolitan Philadelphia has been offshored to Young Philly Politics.
in other news
The Business Outlook Survey of the Federal Reserve Bank of Philadelphia was released today. Some measures improved from last month but generally the survey is still showing weakness in the Manufacturing Sector of the region which includes all but western Pennsylvania.
"Continued weakness was also evident this month in responses about employment and hours worked. The percentage of firms reporting a decrease in employment (20 percent) was slightly higher than the percentage reporting an increase (15 percent), and the current employment index fell from 2.5 to -4.7, its second negative reading in three months. Weakness was most evident this month in hours worked: 21 percent indicated declines in average hours worked; 11 percent reported increases. The average workweek index dropped from -3.9 in February to -10.0 this month."
In better news the Federal Home Loan Bank of Pittsburgh a depression era cooperative that raises capital for its member banks puts some money towards affordable housing in the city of Philadelphia.
--Mark Price
Posted by Price at March 20, 2008 03:15 PM