ABOUT PHILADELPHIA’S LABOR MARKET IN MAY 2018
FAST FACTS ABOUT PHILADELPHIA’S LABOR MARKET IN JUNE 2018
Philadelphia city experienced an increase in employment to 663,917 – an increase of 3,046 more employed from the previous month. The unemployment was 5.7 percent. Over 40,000 individuals were unemployed in Philadelphia in June 2018.
Unemployment Rate: The unemployment rate in June 2018 was 5.7 percent. The unemployment rate increased by 0.7 percent over the month.
Unemployment: About 40,000 individuals were unemployed. The number of unemployed individuals increased from a month earlier by 5,307 and decreased by over 5,307 workers compared to a year earlier, June 2017.
Employment: More than 663,000 residents were working in June 2018. The number of employed individuals increased from the previous month by 3,046. 1,119 fewer workers were employed compared to a year earlier – June 2017.
Labor Force: The labor force increased over the previous month and declined from the previous year. Over 703,000 individuals were in labor force in June 2018. 8,353 more workers participated in the labor force compared to the previous month and over 6,412 fewer residents were in the labor force – compared to the previous year.
The charts below show the percentage changes in the employment, labor force, and unemployment since January 2012 – the year when unemployment reached its peak after the Great Recession. In February 2016 employment across the nation has returned to the pre-recession levels. Philadelphia County experienced a different recession story – Philadelphia had decreases in employment later compared to the nation and Pennsylvania and the decreases were not as deep locally as statewide or nationally. Philadelphia returned to the pre-recession employment levels in January 2010.
Computer and Mathematical; Management; Business and financial operations; Sales and Related; Healthcare practitioner; and Office and Administrative Support occupations were the most advertised occupational families with a high of 5,300 postings and over 2,000 postings in the other occupational groups. Highest increases were Computer and Mathematical occupations (19.6 percent) and Food preparation (9.4 percent).