How Third District Firms Were Impacted by COVID-19
The first few weeks of our special COVID Survey tell us a lot about how businesses fared during unprecedented times.
What's holding back homebuilding?
Homebuilding is typically a casualty of economic downturns, but it is also true that most economic recoveries are built upon a resumption of pounding hammers and buzzing blades. Not so with the recovery from the Great Recession. After new home construction slowed dramatically in the recession, the sector not only failed to lead the overall recovery as usual but significantly lagged it. Even now that overall economic growth and employment have largely resumed growing solidly, homebuilding and construction employment levels remain far below normal in Pennsylvania, New Jersey, and Delaware as ...
Regional Spotlight: Surveying the South Jersey Economy
After 25 years and two recessions, how well has our South Jersey Business Survey tracked the local economy?
Regions defined and dissected
In 2013, the federal government confirmed what every kid from Waynesboro, PA, had understood 50 years earlier ? that Franklin County was inextricably tied to the Washington?Baltimore region. Forsaking the Phillies and Pirates, Little Leaguers from south-central Pennsylvania traveled instead to watch Frank Robinson in the Orioles? outfield. In the fall, local families jeered the Eagles and Steelers, and cheered as Johnny Unitas led the Baltimore Colts to victories. Good-paying jobs beckoned and TV signals emanated from over the Blue Ridge mountains and inside the dual beltways.
Regional Spotlight: Making Ends Meet
How does the local cost of living affect a household’s standard of living?
Regional Spotlight Measuring State Employment
We introduce our new quarterly Early Benchmarks of monthly state employment estimates.
Regional Spotlight: Labor Market Disparities
The data show that Black workers are overrepresented in the lowest-paying occupations. Paul Flora examines what big business can do to help a region address this inequality.
Regional Spotlight: Evaluating Metro Unemployment Rates Throughout the Business Cycle
Not all unemployment is the same, especially when comparing RVs with MDs.
Regional Spotlight: Poverty in Philadelphia, and Beyond
The focus on poverty within the city of Philadelphia misses the bigger picture—and the state’s role.
Pension Gap Perils
Pennsylvania and New Jersey?s pension systems are severely straining their state budgets, and Delaware?s also carry shortfalls Are the significant shortfalls in tristate public pension funds actually far worse than official reports suggest?