POTTSTOWN PA – It’s still all about the economy, and economic news Friday (Jan. 6, 2012) seemed to be primarily good, both locally and across the country. See these stories:
- Manufacturing Could Return, Despite Recession ‘Hangover’
Given time, manufacturing jobs may come back to the U.S., local business leaders learned Thursday during a Chamber of Commerce forum in Limerick. It could soon be cheaper to produce goods in America rather than overseas, experts said. - Employment growth picks up pace (Reuters News)
Employment growth accelerated last month and the jobless rate dropped to a near three-year low of 8.5 percent, offering the strongest evidence yet the economic recovery was gaining steam. - Analysts: Mohegan Sun casinos struggle with debt (The Associated Press)
Moody’s Investors Service says finances recently reported by the parent company of Mohegan Sun casinos in Connecticut and Pennsylvania are improving, but insufficient to refinance hundreds of millions of dollars in debt. - Shift in defense strategy could have ripple effect in PA (Harrisburg Patriot-News)
President Barack Obama is calling for a smaller, refocused military — changes that could have a serious impact on some Pennsylvania military bases and the state’s overall economy.
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[...] Locally, And Elsewhere Too, Financial Front Improving Experts for the Pottstown-based TriCounty Area Chamber of Commerce looked at statistics Thursday and said things seemed to be picking up. On Friday, job numbers rose, unemployment fell. Not everything’s rosy: a Pennsylvania casino is burdened by debt, and defense cuts may hurt the state too. [...]