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Category: Economy

Economy

Report: Region’s tourist trade erases pandemic losses

The Covid-19 pandemic emptied out the region’s amusement parks and Amish attractions.But by 2022, the tourists had returned, and then some. That’s the conclusion to be drawn from the most recent annual report of the Pennsylvania Tourism Office. Spending in what the state calls the Dutch Country Roads region hit nearly $9.4 billion in 2022, up 18.3% […]

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Economy

PA job growth slows but labor market still tight

After two years of explosive, post-pandemic growth, Pennsylvania’s job growth is returning to its pre-pandemic form.Revised numbers indicate the state’s employers added roughly 80,800 jobs in 2023, though the numbers could be revised further, according to L&I. That compares with six-figure growth in 2021 and 2022, when the economy was recovering from the depths of the […]

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Economy

A speed bump for PA job growth?

Pennsylvania employers added more than 111,000 jobs in 2023, pushing the number of nonfarm jobs to a new state record, nearly 6.2 million, according to the Department of Labor & Industry.The jobless rate, meanwhile, was at 3.5%, down from 4.3% a year earlier. But things may not be as healthy as they look. Pennsylvania could be […]

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Economy

A peek behind the state plan for economic growth

Earlier this year, Gov. Josh Shapiro rolled out a plan for economic development in Pennsylvania that is expected to unfold over the next decade. Progress is likely to be measured in shorter increments of time.State lawmakers, who are being asked to fund parts of the plan, could start asking for results by next year.And therein […]

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Economy

Guv pitches new strategy for PA economy

Gov. Josh Shapiro laid out a vision for jumpstarting economic development in Pennsylvania during an address yesterday at OraSure Technologies, a medical diagnostics company in BethlehemThe 52-page strategy includes a mix of new funding, a focus on key industries and a series of other steps designed to make Pennsylvania more competitive in retaining and attracting workers and businesses […]

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Economy

Retailer to shutter York-area warehouse

Workers at a York-area distribution center are the latest casualties in GameStop‘s effort to cut costs and rebuild profits.The Texas-based video-game retailer is planning to shutter its 700,000 square-foot warehouse at 20 Leo Lane in Manchester Township and lay off the 155 people who work there, according to a notice sent this week to state officials.“This […]

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Economy

Carlisle-area warehouse linked to Apple set to close

A Carlisle-area warehouse that has served as a destination for Apple products is slated to close in March, idling nearly 500 workers.German company DB Schenker told state and local officials this week it plans to close the warehouse at 45 Logistics Drive in South Middletown Township.In a statement, a company spokesperson cited the expiration of a customer contract as […]

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Economy

Contractor to lay off workers at Amazon sites

A vendor is laying off nearly 300 workers after Amazon ended its contract to provide janitorial and facilities services to eight of the ecommerce giant’s warehouses in Pennsylvania, including four in Cumberland and York counties, according to a notice filed with the state.South Carolina-based Newbold Services LLC plans to lay off 294 people as of March 5, according to […]

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Economy

PUC TO PROBE REQUEST FOR DOUBLE-DIGIT WATER HIKE

State regulators plan to take a closer look at a double-digit rate increase being sought by Pennsylvania American Water to cover investments in its water and sewer systems.The move was approved yesterday in a unanimous vote by state utility commissioners.As a result, the increase will be suspended for up to seven months while officials from the Pennsylvania Public Utility Commission undertake […]

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