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Banker: Economy Recovering But Not On Main St

univestUnivest Montgomery County Marketing President Phil Jackson says the economy has been technically in recovery for about the last year, with an improving gross domestic product for example, but it has not really reached Main Street. “I would say that we haven’t seen the kind of growth in things that you would normally see like growth in inventory, growth in expanding facilities, sales going up.  I would say it’s stabilized, but I would not characterize it as a total turnaround yet.”

He says the government shows the unemployment rate dropping, but those numbers are politicized and hard to analyze, so he looks at something else.

“One of the key numbers I look at is the percentage of those that are employable that are actually employed.  You can’t fool around with those numbers, and unfortunately that number is in the low 60 percent, so of all the people out there that can be employed, 60 percent are employed, and that is at a historic low.”

Jackson says that number has been going down, despite some government reports suggesting an improving employment picture.  He says when the real estate market turns around it will give the economy some real momentum, but that hasn’t happened yet.
WNPV AM 1440
Senator Bob Mensch Come to my “Are you getting what you paid for?” seminar on May 29th at the Upper Bucks Activity Center from 10-11:30am. You’re shopping trips will never be the same after this entertaining and educational presentation designed to make you a smarter consumer and help stretch your shopping dollars. RSVP by calling 215-541-2388 http://www.senatormensch.com/files/2015/03/Mensch_AARP_Flyer.pdf
WNPV AM 1440
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WNPV AM 1440 Another weekend of racing coming up as NASCAR moves to Martinsville! The action on WNPV 1440 AM is brought to you ... in part ... by Moyer Specialty Foods of Souderton (www.MoyerSpecialtyFoods.com).
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WNPV AM 1440 NASCAR moves to Fontana, California, and the Auto Club Speedway this weekend. Listen to all the action right here at 1440 AM starting at 3:30 PM on Saturday and 2:30 PM on Sunday ... brought to you, in part, by Del Val Senior Advisors (Steve Bobrin) (www.delvalseniors.com).
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Matt Porter 6:01 PM EST on Sunday... and your TUNE IN page won't play, saying "WE DIDN'T FIND ANY PLAYABLE STREAMS"
WNPV AM 1440 Attorney Jay Glickman will be hosting a very important program on "Legally Speaking" on Wednesday, March 11, 2015, from 11:10 AM to noon. Tune in to hear his guests Souderton Police Chief Jim Leary, Univest's Joe Blair, and the Souderton-Telford Rotary Club's Al Engel bring us up-to-date on the community fundraising for the Stone and Flick children, the innocents left behind by the murderous rampage in our news just months ago.

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