04 Oct 2011

Skill Mismatch Is Back and It Is Still Wrong

A blog post by Mark Price, originally published at Third and State. The view that people who lost a job due to the economy are lazy and shiftless dilettantes has spread from the editorial page of The Patriot-News to the newsroom with a particularly misleading story Monday. Ivey Dejesus, The

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30 Sep 2011

PA Tax Collections Strong So Far, September Will Tell Us More

A blog post by Michael Wood, originally published at Third and State. Here is another look at General Fund tax collections in the first two months of Pennsylvania’s 2011-12 Fiscal Year. As you can see, collections so far this year have exceeded pre-recessionary levels — a positive sign. Revenue collections

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30 Sep 2011

Morning Must Reads: The Tall Tales Policymakers Tell to Justify Keeping Unemployment and Profits High

A blog post by Mark Price, originally published at Third and State. The economy is sick. Unemployment has been rising and private-sector job growth has been very weak in the past few months. WE ARE NOT HEADED FOR A DOUBLE-DIP RECESSION! But with unemployment back over 8% here in Pennsylvania,

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29 Sep 2011

High Unemployment Leads to More Student Loan Defaults

A blog post by Sean Brandon, originally published at Third and State. The U.S. Department of Education recently released 2009 fiscal year data on the number of students defaulting on college loans. In a press release, the Department noted that the national default rate rose from 7% in 2008 to 8.8%

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29 Sep 2011

Morning Must Reads: The Challenges of Local Economic Development

A blog post by Mark Price, originally published at Third and State. This morning’s news has some interesting stories on the challenges of local economic development. The Philadelphia Inquirer reports that regional stakeholders have been scrambling to find buyers for three area refineries slated to close. Mike Armstrong, The Philadelphia

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28 Sep 2011

Pa. Revenue Growth Strong in 2011-12, Despite Missing Official Estimates

A blog post by Michael Wood, originally published at Third and State. Some state policymakers are concerned that Pennsylvania tax collections are trailing official revenue targets for the first two months of the 2011-12 Fiscal Year. However, Pennsylvania’s revenue collections for July and August are running well ahead of the

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27 Sep 2011

Recessions Drive Up Poverty Rates

A blog post by Chris Lilienthal, originally published at Third and State. This will come as a little or no surprise to most people, but poverty rates rise following recessions. The economists at the Keystone Research Center recently put together this chart to make that point, using poverty data from

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27 Sep 2011

PA Economic News and Opinion for September 27, 2011

Blog post by Mark Price, originally published at Third and State. It is raining again! Here is your soggy economic news of the day. Paul Krugman, Conscience of a Liberal — Lucas in Context: Krugman summarizes the modern history of macroeconomics in seven bullet points. Read it; there will be

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26 Sep 2011

Economic News and Opinion for September 26, 2011

A blog post by Mark Price, originally published at Third and State. Happy Monday! Do you know where your weekend went? Me Neither. Nancy Folbre, Economix — The Best Countries for Non-Mothers: Public support for family care, particularly generous in Nordic countries, tends to improve women’s ability to combine paid

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23 Sep 2011

Census Local Data: Poverty Rises Sharply in Most Areas of Pennsylvania

A blog post by Michael Wood, originally published at Third and State. Poverty has risen sharply in most areas of Pennsylvania, according to new data released today by the U.S. Census Bureau. The report highlights the widespread impact of the recession and the need for policymakers to protect struggling families

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