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As jobs increase, consumer confidence in Lancaster County peaks too, survey finds


Consumer confidence in Lancaster County improved again in April, hitting its highest mark of the pandemic, an encouraging omen for the slowly recovering local economy. 
The monthly Consumer Sentiment Index, based on a local survey taken the first seven days of the month, rose nearly six points, climbing to 94.4 from March’s 88.5. 
In doing so, the April mark surpassed the index’s previous peak of 92.6, posted in October. At the same time, the index stayed substantially above the national consumer-confidence score, as usual. The national score was 86.5, a modest improvement from March’s 83.0. 
The local index’s second consecutive monthly upturn occurred as Lancaster County’s mass vaccination campaign began to hit its stride and Gov. Tom Wolf loosened restrictions on restaurants, theaters, fitness centers and outdoor venues, noted economist Naomi Young.  ....

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Unemployment drops again, but pre-pandemic level remains 'a ways off'


A leading indicator of unemployment in Lancaster County dropped significantly closer to its pre-pandemic norm last week, new data shows.
The number of new claims for unemployment benefits filed by countians fell 21.8% to 417 claims, its lowest mark since late November, the Lancaster County Workforce Development Board reported Thursday.
“The trend in initial claims suggests conditions are normalizing,” said economist Naomi Young, director of the Economic Development Company of Lancaster County’s Center for Regional Analysis.
“The data shows the demographic composition of those filing and the overall levels of (new) claims beginning to look more ‘pre-pandemic.’ This is a good sign, but a full recovery is a ways off,” she said. ....

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