PHILADELPHIA-A survey by Wells Fargo & Co. finds that Pennsylvania's economic recovery has slowed down in the past few years.
The survey blames a slowdown in natural gas exploration, a sluggish housing market and a slowdown in the service sector, according to the Philadelphia Business Journal.
Nonfarm employment grew at a 0.7% pace in the past year, ass compared to a 1.7% rate nationwide. Goods producers, government, and retail/ wholesale trade are the principal drags on the state's economy, the report states. See story in the Philadelphia Business Journal.
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