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Harrisburg, PA (CompNewsNetwork) - Governor Rendell said today that
Pennsylvania's job count1 rose by 2,900 in May, while the statewide unemployment rate2
went up just two tenths of a percent to 5.2 percent.
"The 2,900 new jobs
reported in May marks our second consecutive monthly gain and our unemployment rate remains
below the national rate of 5.5 percent,” Governor Rendell said.
"With two
consecutive months of net job gains, Pennsylvania is faring better than much of the
nation,” he said. "However, Pennsylvania's future is in the balance as we fight against
the faltering national economy while families and businesses struggle to deal with the
sharply rising cost of fuel and energy.
"We would be in an even stronger
position to add jobs and grow our economy if the General Assembly takes action now on the
economic stimulus proposals I presented in February,” Governor Rendell
said.
"Oil and gas prices seemingly reach new highs on a daily basis, and the
cost of groceries and other goods is stretching household budgets to the limit. Add to that
the shock families and businesses will get from electricity rate increases that will soon
go into effect, and it is clear that we need to act now to provide relief for workers and
business.
"Car dealers and other private companies are offering cost-saving
economic incentives as a form of relief from rising prices, while our General Assembly has
yet to approve my Energy Independence Strategy and Rebuild Pennsylvania initiatives that
provide the tools consumers need to mitigate energy price increases, invests in clean and
renewable energy sources, funds bridge and dam repair projects and creates thousands of
skilled jobs that pay family-sustaining wages,” Governor Rendell said.
"Key
portions of my Energy Independence Strategy have passed the House overwhelmingly but have
languished in the Senate. We have made progress with the legislature in the past couple of
weeks and I urge the Senate to pass these measures now because the longer it delays, the
more difficult it's going to be for their constituents to manage the full force of the
energy price increases that are just around the corner.”
In particular, the
Governor pointed out Special Session House Bill 1, which has yet to be acted upon by the
Senate, targets $850 million in new state resources to attract $3.5 billion in private
investment from the alternative and renewable energy industries to create 13,000 new jobs.
In addition to the Energy Independence Strategy, Governor Rendell noted how
the "Rebuild Pennsylvania” portion of his stimulus package will improve our economy –
almost immediately.
"If the economic stimulus package I offered were passed
today, $750 million in new capital spending for the Redevelopment Assistance Capital
Program and an increase the job creation tax credit from $1,000 to $3,000 per employee
would get projects moving and create jobs now.
"We've made much progress in
Pennsylvania,” the Governor said. "But my Rebuild Pennsylvania initiative will do more to
jump start infrastructure restoration, invigorate the economy, and keep residents,
communities and businesses safe by investing $700 million over the next three years putting
residents to work building and repairing infrastructure assets – bridges, dams,
airports, rail freight lines and flood mitigation projects. This investment will help
keep our state competitive for decades to come.
"As energy costs continue to
rise, we must also raise our level of attention to this issue,” the Governor said. "Just
as with rising gas prices, our citizens cannot afford to wait any longer for some form of
economic relief from state government. The time is now. We must take
action.”
For more information on Governor Rendell's economic stimulus
proposals before the General Assembly, visit www.pa.gov.
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