Philadelphia Stats

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Category: Output & Income

Pennsylvania is Worse Than Most States For Business

For 83 straight months, nearly seven years, the U.S. private sector has added jobs. Unemployment has steadily declined and remains close to a 10-year low. And with investors confident about the economy, the Dow Jones Industrial Average broke through the 20,000 mark early this year. By these and other key measures, business in the United […]

Roads in Pennsylvania Are Worse Than in Most States

In its most recent assessment, the American Society of Civil Engineers gave the United States a failing grade for its infrastructure. According to the group, $3.6 trillion would be needed to raise the standard of America’s roads to acceptable levels before 2020. To determine the states with the worst roads, 24/7 Wall St. reviewed statistics […]

Philadelphia is Among America’s Richest Cities

U.S. median household income rose to $56,516 in 2015, an increase of $2,800, or 5.2% over 2014 levels. Despite it being the largest percentage increase since 1998, median household income remains lower than it was in 2007 when adjusted for inflation. Whether an American is likely to make more or less than the national median […]

Why Airplanes Are the Top Selling Product in Pennsylvania

The United States exported a total of $2.26 trillion worth of goods and services in 2015, down slightly from a record high of $2.38 trillion in 2014. Exports accounted for an estimated 12.6% of total U.S. GDP and were a significant part of every state’s economy. Without exception, each state in the country exported more […]

Why the Hospital Industry is the Largest Contributor to GDP in Pennsylvania

Dozens of industries across all 50 states comprise the U.S. economy — the world’s largest economy accounts for more than a quarter of global GDP. Several states, including California and New York, generate more output than several countries, including Belgium, Poland, and Turkey. Texas’s largest industry alone produces more in economic output than the entire […]

Tax Revenue From Marijuana in Pennsylvania Could Be $352 Million

Four states and the District of Columbia have voted since 2012 to legalize the retail sale of marijuana. One main incentive of legalization is the tax revenue states receive from marijuana sales. The first two states to legalize marijuana — Colorado and Washington — began sales in 2014. After a slow start, tax revenues now […]

Why The Head Football Coach is the Highest Paid Public Employee in Pennsylvania

Nick Saban, head coach of the men’s football team at the University of Alabama, is paid more than $7 million annually. He is the highest paid employee of all U.S. workers employed by a local or state government. In the vast majority of states, college football and basketball coaches are the highest paid public employees. […]

Pennsylvania is Richer Than Most States

The U.S. Census Bureau released on Wednesday new data from its 2015 nationwide population survey. According to the annual survey, the national median household income rose to $55,775 in 2015. No state reported income declines. While 39 states reported significant increases in household income, income levels in 11 states remained the same. 24/7 Wall St. […]

Philadelphia is Among America’s Richest Cities

U.S. median household income increased in 2014 to $53,657, an increase of roughly $600 from the previous year. Still, U.S. incomes have yet to recover to pre-recession levels. Adjusting for inflation, U.S. 2014 median income was still below its 2009 level. Periods of recession and economic boom have an impact on the overall wealth of […]

Pennsylvania is the 10th Most Valuable State

A recent study estimates that the combined value of all land in the contiguous United States is worth nearly $23 trillion. The most valuable state, according to the survey, is California, which accounted for 17% of the total value of the 48 bordering states. New Jersey, however, had the most valuable real estate relative to […]

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