Good morning everyone! Here is today's Daily Briefing.
The Lehigh Valley's unemployment is 9.8%, the same as the prior month, and comparatively higher against Pennsylvania and national averages. However, the Valley did add 900 jobs, and the reason for the high rate is largely a result of more people entering the workforce again. According to a new report, 1998 - 2008 brought the Valley traffic increases that were higher than the state average (try and contain your disbelief). However, as a result off the downturn in the economic, traffic did drop in 2008 compared to 2007. The growth off the Valley is largely to blame for this one. The Morning Call received some good news, as its circulation numbers increased over the past six months, although its paid circulation was down. New voter registration numbers in Lehigh and Northampton counties show that the Republican party is gaining numbers faster than the Democrats. Congrats to Easton, as the city was awarded $891,500 by the Delaware River Joint Toll Bridge Commission for improvements to Third Street and Route 22.
In national news, financial regulation reform failed yesterday by a vote of 57-41, falling three votes shy of overcoming a Republican filibuster. The National Commission on Fiscal Responsibility, a deficit commission, will meet at the White House today, starting their work with an address by President Obama.
Business Matters aired yesterday, featuring a debate on pension reform. The show will be available online later today - you can check out the Business Matters blog for more information.
We have one Chamber event today - a monthly luncheon of the Women's Business Council, featuring a discussion on domestic violence in the workplace.
And that's it for now! Have a great day, and we'll see you later.