Income and Wages

Experts explain rising consumer prices

Consumers are paying higher prices for a lot of things these days, from used cars and gasoline to groceries and plane tickets. The Consumer Price Index jumped 5.4% in June compared with the same month last year, the largest 12-month increase since 2008, according to the U.S. Labor Department. | From The Inquirer (Read more.)

Income and Wages

Pa. cracks down on UC fraud with new ID verification steps

Pennsylvania is taking measures to rein in skyrocketing cyber fraud that’s attacking the state’s unemployment compensation system.

The Department of Labor and Industry announced Friday that it had contracted with identity verification service ID.me to screen new applicants for benefits.

“We take unemployment benefit fraud very seriously at L&I, and we are committed to working with our partners to prevent fraudulent claims and hold those responsible accountable for their actions,” said Labor and Industry Secretary Jennifer Berrier. | From WHYY (Read more.)

Income and Wages

Shift Capital signs community benefits agreement

North Philadelphia real estate developer SHIFT Capital and a coalition of area community groups signed a community benefits agreement promising construction jobs and affordable housing in exchange for support of an apartment complex to rise next to the Beury Building on North Broad Street. | From WHYY (Read more.)

Income and Wages

PropelPHL launches to connect job-seekers, employers, social services

A new digital platform has been launched in Philly to bring together those offering jobs and those seeking them.

PropelPHL is being billed as a first-of-its-kind site that joins together job-seekers, business owners, and workforce training programs, said Kathryn Epps Roberson of website sponsor Hire! Philly.

The goal, Epps Roberson said, is to match people with businesses that have immediate hiring needs. | From WHYY (Read more.)

Income and Wages

Philly Navy Yard developers promise $1 billion for diversity

The developers pursuing a $2.6 billion project at the South Philadelphia Navy Yard said they are committing $1 billion of that money to hiring workers and contractors from underrepresented groups and taking other diversity measures over the next two decades.

Mosaic Development Partners and Ensemble Real Estate Investments will open the project to underrepresented investors and put $1 million into a charitable foundation to support the development of minority- and women-owned firms. Executives also promised to make available a quarter of the retail sites to women, minority, veteran, and disabled business owners with subsidized leases, the team said Tuesday. | From The Inquirer (Read more.)