IN BRIEF
HARRISBURG — Pennsylvania's unemployment rate rose again in January, as the pool of job-seekers and payrolls both grew to record highs, the state Department of Labor and Industry said Friday.
Pennsylvania's unemployment rate ticked upward by one-tenth of a percentage point to 4.7% in January, the department said.
The national rate was 3.6% in January. The gap between Pennsylvania's rate and the national rate hasn't been wider since 2011.
The department had initially said Pennsylvania's unemployment rate was 4.5% in December, but that was adjusted upward to 4.6% as part of an annual revision.
Pennsylvania's unemployment rate last year hit a nearly two-decade low of 4.1%.
A separate survey of households found Pennsylvania's civilian labor force grew by 11,000 to a new record above 6.5 million. Employment rose by 7,000 while unemployment rose by 4,000.
A separate survey of employers showed seasonally adjusted non-farm payrolls rose by 13,500 in January to a record of almost 6.1 million. Construction grew the most of any sector, followed by the trade, transportation and utilities sector and professional and business services.
Friday's figures are preliminary and could change.
A congressional committee investigating Boeing said Friday that a “culture of concealment” at the company and poor oversight by federal regulators contributed to two deadly crashes involving the grounded 737 Max.The committee said multiple factors led to the crashes, but it honed in on a new flight-control system that pushed the nose of each plane down based on faulty sensor readings. Boeing Co. failed to classify the system as critical to safety, part of a strategy designed to avoid closer scrutiny by regulators as the company developed the plane, the House Transportation Committee said.The panel said Boeing had undue influence over the Federal Aviation Administration, and FAA managers rejected safety concerns raised by their own technical experts.The committee made the comments in a preliminary summary of its nearly yearlong investigation of Boeing's development of the Max and the FAA's decision to approve the plane.The committee has held five hearings and disclosed troves of internal Boeing documents that highlighted company employees' safety concerns about the Max. The panel's summary did not break new ground, but it illustrated the breadth and depth of one of several investigations currently underway against Boeing.Officials at the Chicago company weren't immediately available to comment.The committee said Boeing jeopardized safety by pressuring employees to speed up production of the plane and by making incorrect assumptions about important technology, especially the flight-control system, which is called MCAS. The company concealed key information from the FAA and didn't tell pilots about MCAS until after the first crash.The House committee, led by Rep. Peter DeFazio, D-Ore., said it is still conducting interviews and reviewing records as part of its investigation. The committee said it is considering legislation to improve FAA oversight of new aircraft.
VIENNA — OPEC and key ally Russia failed to agree Friday on a cut to oil production that would have contained the plunge in the price of crude caused by the new coronavirus outbreak's massive disruption to world business.The price of oil fell sharply in international markets as a result, with the international benchmark plunging 9.4%, down by a third since the start of the year.While cheaper oil will translate into more affordable energy for consumers and businesses, it hurts producing countries and companies. Thousands of workers have already been laid off in the U.S. oil patch.The unraveling of the talks in Vienna also underscores the limited power of the cartel to influence world energy markets, unlike its heyday in the 1970s. The United States recently became the world's biggest oil producer and keeps on pumping at full capacity.The 14 OPEC countries had wanted to cut output by 1.5 million barrels a day, or about 1.5% of world production. OPEC countries like Saudi Arabia and Iran say they need non-member allies like Russia to take 500,000 barrels of that cut on themselves.Russia, however, proved reluctant and OPEC Secretary General Mohammed Barkindo of Nigeria said Friday that the meeting had been adjourned.“At the end of the day, there was the general painful decision of the joint conference to adjourn the meeting,” Barkindo said. He said informal talks would continue because the situation was urgent.“The numbers are clear: The demand destruction is real,” he said.
