ABOUT PHILADELPHIA’S LABOR MARKET IN APRIL 2018
FAST FACTS ABOUT PHILADELPHIA’S LABOR MARKET IN APRIL 2018
Philadelphia city experienced an increase in employment to 661,967– an increase of 5,363 more employed from the previous month. The unemployment was 5.2 percent. Over 35,000 individuals were unemployed in Philadelphia in April 2018.
Unemployment Rate: The unemployment rate in April 2018 was 5.2 percent. The unemployment rate decreased by 0.6 percent over the month.
Unemployment: About 37,000 individuals were unemployed. The number of unemployed individuals decreased from a month earlier by 4,098 and decreased by 5,845 workers compared to a year earlier, April 2017.
Employment: More than 661,000 residents were working in April 2018. The number of employed individuals increased from the previous month by 5,363. 8,464 fewer workers were employed compared to a year earlier – April 2017.
Labor Force: The labor Force increased over the previous month and declined from the previous year. Over 698,000 individuals were in labor force in April 2018. 1,265 more workers participated in the labor force compared to the previous month and over 14,244 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; Healthcare Practitioners; Sales and Related; Business and Financial Operations; and Office and Administrative Support occupations were the most advertised occupational families with over 2500 postings in each group. Highest decreases were in Sales and Related Occupations (8.7 percent) and Healthcare Practitioners (32.7 percent).