Overall unemployment rate moved up to 6.9% with the biggest shift in Restaurants & Hotels, which gained 14,000 roles, based on the most recently available information published in July 2021.
Total employment in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD market rose by 18,784 jobs in June and the unemployment rate increased compared to the prior month by 90 bps to 6.9%. The national unemployment rate increased by 60 bps over the same time to 6.1%.
- Philadelphia-Camden-Wilmington, PA-NJ-DE-MD unemployment rate is 81 bps above the national rate which is a negative sign.
- Unemployment in the market is 740 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in June versus prior month by 2.6% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.8% . Key sectors include:
- Education & Healthcare: 634,400; -4,600
- Transportation & Utilities: 515,600; +3,800
- Business Services: 463,000; +2,600
- Government: 326,100; -2,200
- Restaurants & Hotels: 231,100; +14,000
- Financial Services: 217,700; +1,200
- Manufacturing: 175,300; +1,900
- Construction, Mining: 119,500; +1,100
- Other Jobs: 108,000; +2,800
- IT & Development: 52,500; +1,400
Data is based on the most recent 12 months available, through June 2021 (Data published July 2021 and reports created on July 28, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.