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EconomicReport_March2010.pdf
Preview of Download Full Report
🔗 Source: controller.phila.gov
📊 Size: 1.71 MB
📄 Pages: 3 pages
⬇️ Downloads: 70

Summary

The City's unemployment rate remained at 11.4% in March 2010, with sales tax collections lower than expected, indicating a deterioration in the City's sales tax base. The City must collect $25 million in sales tax each month to meet projections. Wage and earnings collections were down 2.24% in FY2010 compared to FY2009. The City's census participation rate was 63%, higher than in 2000, but still lower than other major cities. The Philadelphia Federal Reserve reported regional job losses in manufacturing, but gains in education and healthcare. The Conference Board's Leading Economic Index continued to rise, indicating an improving economy.

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The City's unemployment rate remained at 11.4% in March 2010, with sales tax collections lower than expected, indicating a deterioration in the City's sales...

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  • File Format: PDF
  • File Size: 1.71 MB
  • Pages: 3
  • Language: EN
  • Total Downloads: 70
  • Last Updated: 1 month ago

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