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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 As you plan your holiday shopping, think about the "Top 10 Reasons to Support Locally Owned Businesses" from the Institute for Local Self-Reliance (www.ilsr.org): Public Benefits and Costs. Local stores in town centers require comparatively little infrastructure and make more efficient use of public services relative to big box stores and strip shopping malls.
Institute for Local Self-Reliance ilsr.org Building Community, Strengthening Economies
WNPV AM 1440 As you plan your holiday shopping, think about the "Top 10 Reasons to Support Locally Owned Businesses" from the Institute for Local Self-Reliance (www.ilsr.org): Environmental Sustainability. Local stores help to sustain vibrant, compact, walkable town centers which in turn are essential to reducing sprawl, automobile use, habitat loss, and air and water pollution. "Shop Locally for the Holidays!"
Institute for Local Self-Reliance ilsr.org Building Community, Strengthening Economies
WNPV AM 1440 As you plan your holiday shopping, think about the "Top 10 Reasons to Support Locally Owned Businesses" from the Institute for Local Self-Reliance (www.ilsr.org): Competition. A marketplace of tens of thousands of small businesses is the best way ensure innovation and low prices over the long-term.
Institute for Local Self-Reliance ilsr.org Building Community, Strengthening Economies
WNPV AM 1440 As you plan your holiday shopping, think about the "Top 10 Reasons to Support Locally Owned Businesses" from the Institute for Local Self-Reliance (www.ilsr.org): Product Diversity. A multitude of small businesses, each selecting products based, not on a national sales plan, but on their own interests and the needs of their local customers, guarantees a much broader range of product choices. "Shop Locally for the Holidays."
Institute for Local Self-Reliance ilsr.org Building Community, Strengthening Economies
WNPV AM 1440 Tune in tonight at 7:55 PM for WNPV's first broadcast of the year of Gwynedd Mercy University Men's basketball.
WNPV AM 1440 Big sports weekend coming up! Start tonight with Downingtown East at Quakertown high school football at 6:30 PM. Tomorrow, we have Temple at Penn State starting at 10:30 AM (sorry, no "Premium Adjustment" this month! :(), followed by the final NASCAR Nationwide Series race, joined in progress. Sunday, it's the final NASCAR Sprint Cup race with the crowning of this year's Champion, starting at 2 PM. So stay tuned to 1440 AM all weekend ... or listen live online at www.wnpv1440.com.

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