Overall unemployment rate moved down to 6.4% with the biggest shift in Restaurants & Hotels, which gained 11,500 roles, based on the most recently available information published in June 2021.
Total employment in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD market rose by 3,564 jobs in April and the unemployment rate decreased compared to the prior month by 90 bps to 6.4%. The national unemployment rate decreased by 43 bps over the same time to 5.7%.
- Philadelphia-Camden-Wilmington, PA-NJ-DE-MD unemployment rate is 65 bps above the national rate which is a negative sign.
- Unemployment in the market is 860 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in April versus prior month by 1.1% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.0% . Key sectors include:
- Education & Healthcare: 646,200; +4,800
- Transportation & Utilities: 508,300; +1,600
- Business Services: 456,400; +3,200
- Government: 330,400; -100
- Financial Services: 215,400; +1,800
- Restaurants & Hotels: 203,200; +11,500
- Manufacturing: 173,000; +900
- Construction, Mining: 114,600; +2,500
- Other Jobs: 104,800; +1,200
- IT & Development: 50,400; +700
Data is based on the most recent 12 months available, through April 2021 (Data published June 2021 and reports created on June 2, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.