Overall unemployment rate stayed flat at 3.4% with the biggest shift in Transportation & Utilities, which gained 7,900 roles, based on the most recently available information published in January 2022.
Total employment in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD market declined by 31,173 jobs in November and the unemployment rate stayed flat. The national unemployment rate decreased by 4 bps over the same time to 3.4%.
- Philadelphia-Camden-Wilmington, PA-NJ-DE-MD unemployment rate is 4 bps above the national rate which is a negative sign.
- Unemployment in the market is 130 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in November versus prior month by 4.7% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.4% . Key sectors include:
- Education & Healthcare: 685,200; +6,200
- Transportation & Utilities: 561,800; +7,900
- Business Services: 504,700; +2,700
- Government: 332,900; +2,000
- Restaurants & Hotels: 250,700; -7,400
- Financial Services: 221,400; +100
- Manufacturing: 181,300; +1,200
- Construction, Mining: 122,500; -1,300
- Other Jobs: 121,500; +1,600
- IT & Development: 50,100; -100
Data is based on the most recent 12 months available, through November 2022 (Data published January 2022 and reports created on January 3, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.