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<div class=\"blog-text\">
<h2>Overall unemployment rate moved up to 7.8% with the biggest shift in Education &amp; Healthcare, which gained 13,000 roles, based on the most recently available information published in April 2021.</h2>

<p>Total employment in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD market rose by 37,448 jobs in February and the unemployment rate increased compared to the prior month by 10 bps to 7.8%. The national unemployment rate decreased by 26 bps over the same time to 6.6%.</p>

<ul class=\"list-unstyled\">
	<li><i class=\"fa fa-check-circle\"></i> Philadelphia-Camden-Wilmington, PA-NJ-DE-MD unemployment rate is 125 bps above the national rate which is a negative sign.</li>
	<li><i class=\"fa fa-check-circle\"></i> Unemployment in the market is 330 bps above the unemployment rate in the market last year at this time, which is a negative.</li>
	<li><i class=\"fa fa-check-circle\"></i> Average wages (per hour) grew in February versus prior month by 6% and are up compared to last year at this time in the market.</li>
</ul>

<div class=\"blog-chart\">
<div class=\"heading text-center w-50 h-3\">Month over Month Unemployment Change</div>

<div class=\"heading text-center w-50 h-3\">Year over Year Unemployment Change</div>
<a class=\"fancybox\" href=\"https://mployeradvisor.com/custom/domain_1/image_files/ckeditor/sitemgr_Winston-Salem, NC  Unemployment October 2020.png\"><img alt=\"Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Unemployment February 2021\" class=\"img-responsive center-block\" height=\"750\" src=\"https://mployeradvisor-production.s3.amazonaws.com/custom/domain_1/image_files/ckeditor/sitemgr_Philadelphia-Camden-Wilmington%2C%20PA-NJ-DE-MD%20February%202021%20Bar%20Charts.png\" width=\"3241\" /></a></div>

<p>For key employment segments of the market, total jobs grew by 1.1% . Key sectors include:</p>

<ul class=\"list-unstyled\">
	<li><i class=\"fa fa-check-circle\"></i> Education &amp; Healthcare: 639,500; +13,000</li>
	<li><i class=\"fa fa-check-circle\"></i> Transportation &amp; Utilities: 504,300; -2,000</li>
	<li><i class=\"fa fa-check-circle\"></i> Business Services: 454,100; +5,100</li>
	<li><i class=\"fa fa-check-circle\"></i> Government: 328,000; +4,000</li>
	<li><i class=\"fa fa-check-circle\"></i> Financial Services: 215,900; +1,500</li>
	<li><i class=\"fa fa-check-circle\"></i> Restaurants &amp; Hotels: 183,200; +5,800</li>
	<li><i class=\"fa fa-check-circle\"></i> Manufacturing: 172,200; +100</li>
	<li><i class=\"fa fa-check-circle\"></i> Construction, Mining: 111,600; +1,300</li>
	<li><i class=\"fa fa-check-circle\"></i> Other Jobs: 103,400; +300</li>
	<li><i class=\"fa fa-check-circle\"></i> IT &amp; Development: 49,600; +500</li>
</ul>

<div class=\"blog-chart\">
<div class=\"heading logo h-3\">Employment Change by Key Sector</div>
<a class=\"fancybox\" href=\"https://mployeradvisor.com/custom/domain_1/image_files/ckeditor/sitemgr_Winston-Salem, NC Unemployment by Industry October 2020.png\"><img alt=\"Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Unemployment by Industry February 2021\" class=\"img-responsive center-block\" height=\"1084\" src=\"https://mployeradvisor-production.s3.amazonaws.com/custom/domain_1/image_files/ckeditor/sitemgr_Philadelphia-Camden-Wilmington%2C%20PA-NJ-DE-MD%20February%202021%20Bubble%20Charts.png\" width=\"2566\" /> </a></div>

<p><i>Data is based on the most recent 12 months available, through February 2021 (Data published April 2021 and reports created on April 9, 2021).&nbsp; Source: Government data agency and locally acquired statistics.</i></p>

<p><i>Note: All reported data is not seasonally adjusted.</i></p>
</div>


market-summary

Employment Snapshot - Philadelphia-Camden-Wilmington, PA-NJ-DE-MD February-2021

<div class=\"blog-text\">
<h2>Overall unemployment rate moved up to 7.7% with the biggest shift in Transportation &amp; Utilities, which lost 20,300 roles, based on the most recently available information published in March 2021.</h2>

<p>Total employment in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD market declined by 25,839 jobs in January and the unemployment rate increased compared to the prior month by 120 bps to 7.7%. The national unemployment rate increased by 31 bps over the same time to 6.8%.</p>

<ul class=\"list-unstyled\">
	<li><i class=\"fa fa-check-circle\"></i> Philadelphia-Camden-Wilmington, PA-NJ-DE-MD unemployment rate is 89 bps above the national rate which is a negative sign.</li>
	<li><i class=\"fa fa-check-circle\"></i> Unemployment in the market is 310 bps above the unemployment rate in the market last year at this time, which is a negative.</li>
	<li><i class=\"fa fa-check-circle\"></i> Average wages (per hour) grew in January versus prior month by 5.7% and are down compared to last year at this time in the market.</li>
</ul>

<div class=\"blog-chart\">
<div class=\"heading text-center w-50 h-3\">Month over Month Unemployment Change</div>

<div class=\"heading text-center w-50 h-3\">Year over Year Unemployment Change</div>
<a class=\"fancybox\" href=\"https://mployeradvisor.com/custom/domain_1/image_files/ckeditor/sitemgr_Winston-Salem, NC  Unemployment October 2020.png\"><img alt=\"Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Unemployment January 2021\" class=\"img-responsive center-block\" height=\"797\" src=\"https://mployeradvisor-production.s3.amazonaws.com/custom/domain_1/image_files/ckeditor/sitemgr_Philadelphia-Camden-Wilmington%2C%20PA-NJ-DE-MD%20January%202021%20Bar%20Charts.png\" width=\"3242\" /></a></div>

<p>For key employment segments of the market, total jobs declined by -1.8%. Key sectors include:</p>

<ul class=\"list-unstyled\">
	<li><i class=\"fa fa-check-circle\"></i> Education &amp; Healthcare: 626,200; -10,700</li>
	<li><i class=\"fa fa-check-circle\"></i> Transportation &amp; Utilities: 506,900; -20,300</li>
	<li><i class=\"fa fa-check-circle\"></i> Business Services: 449,300; -2,100</li>
	<li><i class=\"fa fa-check-circle\"></i> Government: 324,100; -6,500</li>
	<li><i class=\"fa fa-check-circle\"></i> Financial Services: 214,400; -1,200</li>
	<li><i class=\"fa fa-check-circle\"></i> Restaurants &amp; Hotels: 176,900; -2,200</li>
	<li><i class=\"fa fa-check-circle\"></i> Manufacturing: 173,100; -2,000</li>
	<li><i class=\"fa fa-check-circle\"></i> Construction, Mining: 110,000; -4,800</li>
	<li><i class=\"fa fa-check-circle\"></i> Other Jobs: 102,900; no change</li>
	<li><i class=\"fa fa-check-circle\"></i> IT &amp; Development: 49,100; -1,000</li>
</ul>

<div class=\"blog-chart\">
<div class=\"heading logo h-3\">Employment Change by Key Sector</div>
<a class=\"fancybox\" href=\"https://mployeradvisor.com/custom/domain_1/image_files/ckeditor/sitemgr_Winston-Salem, NC Unemployment by Industry October 2020.png\"><img alt=\"Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Unemployment by Industry January 2021\" class=\"img-responsive center-block\" height=\"1109\" src=\"https://mployeradvisor-production.s3.amazonaws.com/custom/domain_1/image_files/ckeditor/sitemgr_Philadelphia-Camden-Wilmington%2C%20PA-NJ-DE-MD%20January%202021%20Bubble%20Charts.png\" width=\"2566\" /> </a></div>

<p><i>Data is based on the most recent 12 months available, through January 2021 (Data published March 2021 and reports created on March 25, 2021).&nbsp; Source: Government data agency and locally acquired statistics.</i></p>

<p><i>Note: All reported data is not seasonally adjusted.</i></p>
</div>


Employment Snapshot - Philadelphia-Camden-Wilmington, PA-NJ-DE-MD January-2021

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Employment Snapshot - Philadelphia-Camden-Wilmington, PA-NJ-DE-MD February-2021

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