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State of Working Pennsylvania 2025

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Bibliographic Details
Title: State of Working Pennsylvania 2025
Language: English
Authors: Stephen Herzenberg, Claire Kovach, Maisum Murtaza, Avery Spicka, Keystone Research Center (KRC)
Source: Keystone Research Center. 2025.
Availability: Keystone Research Center. 412 North Third Street, Harrisburg, PA 17101. Tel: 717-255-7181; Web site: http://keystoneresearch.org
Peer Reviewed: N
Page Count: 28
Publication Date: 2025
Document Type: Reports - Evaluative
Descriptors: Labor Market, Economic Factors, Employment Patterns, Economic Climate, Unemployment, Unions, Wages, Public Policy
Geographic Terms: Pennsylvania
Abstract: This report provides a comprehensive analysis of Pennsylvania's economic conditions, detailing various economic indicators and labor market trends, including data on inflation, unionization benefits, and the impact of erratic tariff policies that may be sparking renewed inflation and eroding investment. Unemployment has increased, hiring has slowed, and wages have flatlined as workers have lost some of the leverage they enjoyed in the previous year's tighter job market. Cuts in clean energy and manufacturing subsidies may also have begun to hamper private investment. Both economists and consumers feel nervous about the future, with Federal Reserve economists' projections for 2025 and 2026 all deteriorating since September 2024 and inflation in 2025 now projected at 3% instead of 2.1%. The data in this year's report underscores the critical need for policy stability and worker-centered approaches as Pennsylvania navigates economic headwinds. Recommendations are provided for federal- and state-level actions to protect workers' rights and promote economic stability.
Abstractor: ERIC
Entry Date: 2025
Accession Number: ED676101
Database: ERIC
Description
Abstract:This report provides a comprehensive analysis of Pennsylvania's economic conditions, detailing various economic indicators and labor market trends, including data on inflation, unionization benefits, and the impact of erratic tariff policies that may be sparking renewed inflation and eroding investment. Unemployment has increased, hiring has slowed, and wages have flatlined as workers have lost some of the leverage they enjoyed in the previous year's tighter job market. Cuts in clean energy and manufacturing subsidies may also have begun to hamper private investment. Both economists and consumers feel nervous about the future, with Federal Reserve economists' projections for 2025 and 2026 all deteriorating since September 2024 and inflation in 2025 now projected at 3% instead of 2.1%. The data in this year's report underscores the critical need for policy stability and worker-centered approaches as Pennsylvania navigates economic headwinds. Recommendations are provided for federal- and state-level actions to protect workers' rights and promote economic stability.