Overall unemployment rate moved down to 6.7% with the biggest shift in Government, which gained 2,800 roles, based on the most recently available information published in September 2021.
Total employment in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD market declined by 13,276 jobs in August and the unemployment rate decreased compared to the prior month by 20 bps to 6.7%. The national unemployment rate decreased by 38 bps over the same time to 5.3%.
- Philadelphia-Camden-Wilmington, PA-NJ-DE-MD unemployment rate is 141 bps above the national rate which is a negative sign.
- Unemployment in the market is 390 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in August versus prior month by 3.4% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs stayed flat. Key sectors include:
- Education & Healthcare: 630,000; -200
- Transportation & Utilities: 514,500; -1,500
- Business Services: 464,800; +400
- Government: 306,600; +2,800
- Restaurants & Hotels: 235,000; -2,000
- Financial Services: 219,400; +600
- Manufacturing: 176,200; -500
- Construction, Mining: 122,000; +1,300
- Other Jobs: 107,100; -400
- IT & Development: 53,300; +200
Data is based on the most recent 12 months available, through August 2021 (Data published September 2021 and reports created on September 29, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.