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Economic Pulse: Week of 7/19/24

May employment exceeded 400,000 in the Valley, a record high.

Payroll employment in the Lehigh Valley hit a record high of 401,700 in May, according to the Pennsylvania Department of Labor and Industry. The unemployment rate has fallen to 3.6% and has remained below 4%—a level considered full employment—for the past 22 months.

Click here for the latest Lehigh Valley Economic Review.

Listen to Economic Pulse Fridays at 5:44 PM during All Things Considered; Mondays at 7:30 AM during Morning Edition.

(Original air-date: 7/19/24)

Dr. Kamran Afshar is the host of the weekly WDIY feature Economic Pulse, and he currently serves on the Board of Directors for the Lehigh Valley Community Broadcasters Association as a Vice President.
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  • Inflation was negative in June. Dr. Kamran Afshar takes a look at this and more in his synopsis of this week's economic news and trends across the Lehigh Valley and nation.