Penn State Ag Sciences Newsline -- July 14, 2009

Penn State report looks at Pennsylvania's economic future beyond recession (:50)

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Suggested Intro:

WITH THE ECONOMY IN TURMOIL, NO ONE KNOWS WHEN THE CURRENT RECESSION WILL END. BUT A RECENT REPORT FROM PENN STATE'S COLLEGE OF AGRICULTURAL SCIENCES POINTS TO THE PENNSYLVANIA ECONOMIC SECTORS AND REGIONS THAT COULD BOUNCE BACK FIRST. GARY ABDULLAH REPORTS:

Story:

(:17) A PENN STATE REPORT ANALYZES STATEWIDE AND COUNTY EMPLOYMENT DATA FOR HINTS TO THE INDUSTRIES MOST LIKELY TO SEE JOB GROWTH IN THE UPTURN FOLLOWING THE CURRENT RECESSION. PENN STATE ECONOMIST TED ALTER SAYS SINCE JOB TRENDS DON'T RADICALLY CHANGE FROM ONE BUSINESS CYCLE TO THE NEXT, THE RECENT PAST HOLDS CLUES TO OUR ECONOMIC FUTURE:

Alter Actuality:
(:17) "IF YOU LOOK AT THE STATE AS A WHOLE, THE SECTORS THAT ARE REALLY DOING THE BEST ARE HEALTH CARE AND THE SOCIAL SERVICES SECTOR; THE ACCOMODATIONS AND FOOD SERVICE SECTOR HAS ALSO HAD STRONG GROWTH COMING OUT OF THE BUSINESS CYCLE. THE PROFESSIONAL, SCIENTIFIC AND TECHNICAL SECTOR HAS DONE WELL, AND ALSO TRANSPORTATION AND WAREHOUSING."

(:17) ALTER SAYS, GEOGRAPHICALLY, THE STATE'S SOUTHEAST REGION IS BEST POISED FOR GROWTH AS THE RECESSION WINDS DOWN. THE "PENNSYLVANIA: ROAD TO GROWTH" REPORT CAN BE FOUND ON PENN STATE'S COLLEGE OF AG SCIENCES PUBLICATIONS WEB SITE, AT PUBS DOT C-A-S DOT P-S-U DOT E-D-U. I'M GARY ABDULLAH.

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Learn more:

Penn State report looks at state's economic future after recession (from the Penn State College of Agricultural Sciences news archives)

 

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