Jim Diffley of Global Insight, the state’s economic forecaster, told the Pennsylvania House Appropriations Committee that it will take three years for non-farm job payrolls to exceed the early 2008 high. It is expected this will take place early in 2013.
The Harrisburg region is expected to reach that level a half year earlier.
Members of the committee expressed concern that by the time jobs had recovered there would be a short fall of $5 billion in the state’s pension system.
