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Goldman Sachs Report Indicates Persistently Elevated Global Bond Yields Due to Fiscal Concerns and Increased Borrowing.

Goldman Sachs • SEPTEMBER 9, 2026

A Goldman Sachs report published on September 9, 2026, indicates that global bond yields remain persistently high due to ongoing fiscal concerns and increased government borrowing. The report highlights that longer-maturity bond yields in the US, Japan, Germany, and the UK have reached levels not seen in decades, driven by significant fiscal deficits and rising investment in artificial intelligence. It also notes that despite slight cooling in inflation, the demand for bonds has decreased, and longer-maturity yields are expected to stay elevated.

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Allegheny County Council Holds Regular Meeting on September 8, 2026, Approves Proclamations and New Business Motions.

Allegheny County Council • SEPTEMBER 8, 2026

On September 8, 2026, the Allegheny County Council held a regular meeting at 5:00 PM, where all 15 members were present. The council approved several proclamations, including recognitions for Slovak Constitution Day and various retirements, and discussed new business, including ordinances regarding artificial intelligence in election campaigns and transport standards for County Jail residents. Additionally, motions were passed authorizing payments for professional services and scheduling public hearings for October.

Governor Shapiro Announces $1.6 Million Philips Investment to Expand Ultrasound Manufacturing and Create 101 Jobs in Mifflin County

DCED Newsroom • SEPTEMBER 8, 2026

Governor Shapiro has announced a $1.6 million investment from Philips to expand ultrasound manufacturing operations in Mifflin County, which is expected to create 101 new jobs. The announcement was made during an event at Philips’ headquarters in the Netherlands, where the Department of Community and Economic Development Secretary emphasized the importance of this investment for local employment and manufacturing capabilities.

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Pittsburgh's projected deficit rises to $30.2 million amid revenue shortfalls and NFL Draft losses.

Informup - Pittsburgh City Council • SEPTEMBER 5, 2026

Pittsburgh's projected year-end deficit has escalated to $30.2 million, primarily due to revenue shortfalls and an estimated $1 million loss connected to the NFL Draft. A financial update revealed expenditures surpassing last year's spending by $3.5 million, while revenues fell by $1.3 million. In response to ongoing maintenance challenges, the City Council also approved the purchase of a dozen trailers for the Department of Public Works to enhance landscaping and snow removal efforts.

Construction Firms Add 22,000 Jobs in August, Unemployment Rate Falls to Record Low of 3.1% Amid Labor Shortages.

AGC Construction Data • SEPTEMBER 4, 2026

A report from the Associated General Contractors of America reveals that construction firms added 22,000 jobs in August, resulting in a record low unemployment rate of 3.1% for the industry. The report highlights a growing demand for data center construction and the ongoing labor shortage, particularly influenced by immigration policy. Despite rising wages for craft workers, firms continue to face challenges in filling open positions.

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AGC Construction Data Report Highlights Ongoing Workforce Shortages in Construction Due to Data Center Demand and Immigration Policies

AGC Construction Data • SEPTEMBER 3, 2026

The September AGC Construction Data Report outlines persistent workforce shortages in the construction industry, primarily influenced by the demand for labor in data center projects and the effects of immigration policies. Conducted by the Associated General Contractors of America and NCCER, the survey indicates that these shortages are the leading cause of construction project delays, with many candidates lacking the necessary skills. The report includes a range of analysis and materials detailing the workforce situation across various regions and project types.

Goldman Sachs Report Examines AI's Varied Impact on Global Labor Markets and Employment Trends.

Goldman Sachs • SEPTEMBER 3, 2026

Goldman Sachs' September report examines artificial intelligence's effects on global labor markets, revealing that hiring trends are beginning to shift as companies adopt AI at varying rates. The analysis, based on data from 11 surveys, identifies leading adoption in developed markets like France and the US, while outlining slower job growth in sectors heavily influenced by AI. The report highlights potential risks for younger workers in entry-level positions and indicates that the overall economy-wide impacts on hiring may be limited.

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Allegheny County Council proposes data center ban, schedules senior housing hearing, and reports $100,000 savings from digital paystubs.

Informup - Allegheny County Council • SEPTEMBER 3, 2026

Allegheny County Council has proposed a ban on data centers on county-owned property due to concerns over their substantial water and electricity usage. A public hearing on senior housing conditions is scheduled for September 24, focusing on issues in over 200 federally managed buildings. Additionally, the council reports saving $100,000 through the transition to digital paystubs, aligning with its climate action goals.

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