Pennsylvania State Profile

Pennsylvania job creation spurred by stimulus funds for transportation and water projects; job loss rate slows while number of foreclosures increase in Q3 2009; fiscal stress ratings indicate state has not hit recessionary bottom.

• State job growth fell 3.3% in August 2009 from a year ago; national job growth fell 4.4%.
• State unemployment averaged 8.6% in August 2009; the national average was 9.7%
• Personal income fell 1.0% to $496 billion in Q2 2009 from a year ago.
• Tax revenue fell 13.4% in Q2 2009 from the previous year.
• Exports fell 20.7% to $18.5 billion in the first seven months of 2009 from a year ago.
• Venture capital investment in PA fell 25% to $127 million in Q2 2009 from a year ago.