Companies in Central Pennsylvania and beyond are bracing for a strike that could upend supply chains across the U.S. Workers who load and unload cargo
Yesterday’s half-point cut to interest rates will make businesses more comfortable with borrowing, particularly if they have an immediate need to spend. However, others may continue to hold off, anticipating further rate cuts and awaiting the outcome of the presidential election in November. That’s the view of local financial executives who spoke yesterday with biznewsPA […]
Amid widespread concerns about a shortage of childcare for working parents in Pennsylvania, the Hanover YWCA is aiming to expand its capacity and shrink its waiting list for spaces. The nonprofit is in the midst of a capital campaign to raise $10 million that will support construction of a new, three-story childcare center at the corner of […]
Supply chain troubles are back in the news, thanks to the shutdown this week of two major Canadian freight railroads amid conflict between labor and management. It’s unclear how long the stoppage will last and what the economic impact will be, though the Canadian government moved yesterday afternoon to get trains back on track. Nonetheless, ripples […]
The state-funded walkway connecting a public park to the Main Street of a small Montgomery County borough was not a big project. But the project and the community’s positive reaction were enough to hook Greg Welker on the world of economic development. “It really spoke to me,” said Welker, who was then working for the […]
Barring any last-minute legal complications, employers may be paying overtime to more workers starting Monday. July 1 is the date a federal rule lifting the salary threshold for overtime eligibility is scheduled to take effect. Issued by the U.S. Department of Labor, the rule bumps the threshold to $43,888 per year, up from the current […]
Framing the challenge of finding childcare as a critical issue for employers, York-area business and nonprofit leaders yesterday unveiled a new program designed to encourage fresh thinking on the years-old problem. The program, called Every Child Has Opportunities, or ECHO, plans to dole out $700,000 in grants this spring to expand the number of home-based childcare […]
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 […]
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 […]
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 […]