Listen to archived shows on demand right now

Summer Spectacular Ticket Giveaway 2015

Latest News

Slow Recession Recovery Predicted

univestUnivest Economist Gary Wolfer says the economy has had six consecutive quarters of positive growth, but recovery is slow compared to previous recessions. “For example, the amount of unemployment that occurred during this last Great Recession is in excess of every postwar recession that we’ve had.  This is not your standard garden variety recession.  This really took a toll, specifically on workers in the construction industry.  Those jobs I don’t think are coming back.”

He says he’s projecting Gross Domestic Product growth of 3.5 percent or better this year, but it’s unlikely the unemployment rate will drop below 9 percent, and the long-term jobless will need re-training.  Certified Financial Planner George Toth of Chestnut Investment Advisory in Montgomery County says he agrees that long-term unemployment is a big part of the problem.

“When you have Unemployment Compensation out over two years, and you have more people retiring at 62 and more people going out on disability, I think the damage to the workforce because of this is significant.  I have no clue about the efficacy of re-training because that’s a function of desire and a function of demand.”

Economist Wolfer says the economy is shifting from recovery to expansion, but it will take time.

“In fact we’re nowhere near working it off now because we’re not in a job creation phase of that recovery.  I feel that right now there’s not enough credit out there.  Credit is just not being created.  It’s not a matter of interest rates.”

He says unemployment is still very high, and companies are not yet ready to start borrowing and hiring, so it could be another two years before the economy is back on track.  Financial Planner Toth says smaller companies, with anywhere from a few employees to a few hundred, need to see some sales down the road before they start borrowing and hiring.

“Their demands for credit are a function of demands for their products and services, so if there’s no demand for credit that’s not surprising because there’s no demand for the end products of those companies that are employing people.”

Toth says companies are hiring, but only a few people here and there.  He and Wolfer appeared Tuesday on a special edition of the WNPV talk program “Comment Please by Univest,” looking ahead at the economy in the New Year.
WNPV AM 1440 Tune in on Thursday at 11:10 AM when Ria Gilday will host Ashley Hasselberger from Prevagen who will discuss "Improving your Brain Power." Call in with questions: 215-855-8211.
WNPV AM 1440 We need to convince these affluent shoppers to spend their dollars with our locally owned and operated stores instead of using Amazon, etc. Join WNPV's "Shop Locally for the Holidays" campaign by calling 215-855-8211 or emailing We'll show you how inexpensively you can advertise for the holidays with a local business that caters to local businesses and local listeners!
The Affluent Have Already Started Shopping For The Holidays It's early October, and affluent shoppers are already quietly shopping for the holidays. As affluents can be defined in many different ways, in today's column we will focus on the following three affluent market segments and their holiday shopping plans.
WNPV AM 1440 Tune in at 11:10 AM today for financial advice from George Toth on "Regarding Your Money." Call in with your questions to 215-855-8211.
WNPV AM 1440 Due to the weather, the 42nd Apple Butter Frolic scheduled for tomorrow has been changed to a take-out food event only. The Pennsylvania German food that the Frolic is known for (apple butter, scrapple, barbecue, pies, chicken potpie, green beans and ham, and more) will be available for sale at the tent set up on the driveway of the Mennonite Heritage Center, Yoder Road, Harleysville.
WNPV AM 1440 North Wales Community Day in Weingartner Park, North Wales, on Saturday, October 3, 2015, has been cancelled due to the predicted inclement weather.
WNPV AM 1440 I think we all know that men and women shop differently ... but how differently?
How your buying behavior can predict your gender It's not just your imagination. There are a flurry of ways in which men approach shopping differently than women.

Get In Touch

Address: 1210 Snyder Road
Lansdale, PA 19446

Phone: (215) 855-8211

Phone: (215) 723-2116