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Old Posted Oct 1, 2015, 1:51 PM
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Evergrey Evergrey is offline
Join Date: Apr 2003
Location: Pittsburgh
Posts: 24,339

PNC sees improving Erie economy


Erie County created about 1,500 new jobs over the past year while the housing market continued to improve.

"I bet you will have another 1,500 jobs over the next 12 months," he said, adding that local employment could finally return to pre-recession levels.

And while most of those jobs will likely be in the service sector, Hoffman sees the potential for 200 to 300 new manufacturing jobs.

"I think the region is poised to continue to improve," he said.

And while he expects the pace of growth to remain modest, it might not be quite as modest as it has been in the recent past.

By this time in 2016, Hoffman believes unemployment could be between 4.5 and 4.75 percent and that workers could see wages grow by 2.5 percent or more after years of stagnation.

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