Month: June 2018

Amid tight labor market, Lehigh Valley sees biggest one-month drop in unemployment

How low can it go? The Lehigh Valley’s unemployment rate fell to 4.1 percent in May, a depth not plumbed in more than a decade and a reminder of the region’s tight labor market. The Pennsylvania Department of Labor & Industry said Tuesday that the decline was one-half of a percentage point below… This story …

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Aetna to move 426 workers in the Lehigh Valley, hire 350 more

It didn’t take long for a company to move into the recently shuttered Wells Fargo call center in Bethlehem. Health care giant Aetna plans to relocate its South Whitehall Township call center — and its 426 workers — to the former Wells Fargo space in April, company spokeswoman Karla Cutting said… This story original published …

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Hong Kong investment firm buys Lehigh University student housing for $30 million

A group of independently owned properties used as housing for nearly 400 Lehigh University students in Bethlehem has been purchased by a Hong Kong investment firm for more than $ 30 million. The 71 properties, known as “Campus Hill,” include 383 beds and will continue to be used as student housing,… This story original published …

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ADP used to have a lot of small offices. Now, it wants big service centers like Allentown

The payroll business used to be different. Long ago, before payroll was done electronically, small printing centers dotted the country — facilities that would deliver checks to employers in their respective areas. Over the years, Automatic Data Processing Inc. — now the industry’s largest player… This story original published here: LV Business Cycle – Lehigh …

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A day of reckoning for AT&T, Time Warner Inc. — and the Justice Department

Nearly 20 months ago, telecommunications giant AT&T unveiled its $ 85.4-billion deal to buy Time Warner Inc., parent of CNN, HBO, TBS, TNT, Cartoon Network and Warner Bros. — Hollywood’s biggest producer of movies and TV shows. Then-candidate Donald Trump, on the campaign trail, criticized the merger… This story original published here: LV Business Cycle …

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From electricity to steel, Trump becoming increasingly active in trying to shape the economy

WASHINGTON — President Donald Trump is increasingly intervening in the economy, making decisions about corporate winners and losers in ways that Republicans for decades have insisted should be left to free markets — not the government. The shift amounts to a major change in the GOP’s approach to… This story original published here: LV Business …

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Pennsylvania Obamacare insurance rates will jump nearly 5 percent next year

Insurers that offer individual plans on Pennsylvania’s Affordable Care Act marketplace will raise premium prices by about 4.9 percent for 2019, the Pennsylvania Insurance Department said Tuesday. Most people won’t see a significant difference in their premium prices because federal financial assistance… This story original published here: LV Business Cycle – Lehigh Valley Business Cycle

Slate Belt Nursing Home workers fear new boss will slash benefits

After 24 years at the Slate Belt Nursing & Rehabilitation Center, Cara Setzer is applying for other jobs. She’d rather not. The 54-year-old certified nursing assistant has lived in the Slate Belt most of her life, and many of the Bangor-area long-term care facility’s residents are from the community…. This story original published here: LV …

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