Friday, November 2, 2012

Business News in Lehigh Valley, 11/2/12

Good morning and happy Friday, Lehigh Valley. There are only 4 days left until the 2012 election.

U.S. employers added 171,000 jobs during the month of October, and the jobless rate inched up to 7.9% from 7.8% last month. Since July, the economy has created an average of 173,000 jobs a month, up from 67,000 a month from April through June.

Several retail stores and malls reopened in Lehigh Valley yesterday, welcoming swarms of shoppers stricken with cabin fever and ready to spend their money. After a few days without power, it's no surprise that the malls saw a larger than average crowd of people. Sands Casino Resort Bethlehem posted a record earning quarter, bringing in $24.3 million in revenue this past quarter, shattering the previous record of $18.2 million.

First Friday festivities in Bethlehem will be postponed until the second Friday, 11/9, when more of the downtown shops will be back up and running.

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