- First, unemployment claims dropped sharply last week to 434,000 - a drop of 21,000, and the second drop in a row. Pennsylvania unemployment claims dropped as well, as did Lehigh Valley claims, which fell for a third straight month. This is the 2nd best numbers seen this year.
- There was good news for National Penn Bank, the parent company for KNBT - its profits rose in the 3rd quarter, with the company earning $10.3 million. National Pen is the 2nd largest bank in the Valley.
- PPL reported profits of $248 million in the 3rd quarter, a massive ten-fold increase over its profits the same time last year.
Thursday, October 28, 2010
Good economic news comes too rarely these days, and there are three pieces of good news that were worth sharing today: