PITTSBURGH POST GAZETTE: Pennsylvania’s economy is growing about a quarter as fast as the rest of the country, and employment numbers released Friday produced no evidence the pace is speeding up.
Unemployment in Pennsylvania fell to 5.7 percent in September, on a seasonally adjusted basis. That’s a decline of one-tenth of 1 percentage point, even as 3,000 more people entered the state’s labor force from the previous month.
Guhan Venkatu, an economist with the Federal Reserve Bank in Cleveland, said that while the new figures showed that the number of jobs in Pennsylvania grew at a rate of 0.6 percent over the last year, nationally job growth is rising at a rate of 2 percent… (more)
