Apr 17, 2021
For many people, on the coattails of hearing good news comes their pessimism-rooted instinct to question what bad news might be lurking in the proverbial shadows.
This month, on the state front, Pennsylvania residents received bad news first, followed a day later by welcome news that a tremendous “headache” apparently is about to get the right “pain medication.”
The bad news: As an Associated Press article in the April 8 Mirror reported, the Keystone State’s largest public pension system is the focus of a federal investigation.
Officials of the $64 billion Public School Employees’ Retirement System already have received subpoenas and presumably are busy assembling responses to the information that the feds are seeking.
Apr 17, 2021
For many people, on the coattails of hearing good news comes their pessimism-rooted instinct to question what bad news might be lurking in the proverbial shadows.
This month, on the state front, Pennsylvania residents received bad news first, followed a day later by welcome news that a tremendous “headache” apparently is about to get the right “pain medication.”
The bad news: As an Associated Press article reported, the Keystone State’s largest public pension system is the focus of a federal investigation.
Officials of the $64 billion Public School Employees’ Retirement System already have received subpoenas and presumably are busy assembling responses to the information that the feds are seeking.
The Commonwealth of Pennsylvania, along with local governments and school districts, is receiving billions of "Biden Bucks" from the most recent federal COVID-19 relief bill. The result of that windfall
STATEWIDE UNEMPLOYMENT RATE GOES DOWN SLIGHTLY By Hometown2
The statewide unemployment rate went down slightly in the month of March.
The Pennsylvania Department of Labor and Industry reported that Pennsylvania’s unemployment rate went down by a tenth of a percentage point between February and March to bring the rate to 7.3 percent. Last year at this time, the unemployment rate was 9.5 percent as the Labor and Industry department was beginning to see the effects of the pandemic on unemployment. The national unemployment rate went down two-tenths of a percentage point from February to 6.0 percent in March. The national rate was up by 1.6 points over the year.
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