February 12, 2019

Fast Facts About Philadelphia’s Labor Market in December 2018

Fast Facts About Philadelphia’s Labor Market in December 2018

Philadelphia city experienced a slight decreased in employment to 681,673– a decrease of only 8 less employed from the previous month. The unemployment was 4.9 percent. Over 35,000 individuals were unemployed in Philadelphia in December 2018.

Unemployment Rate: The unemployment rate in December 2018 was 4.9 percent. The unemployment rate decreased by 0.1 percent over the month.

Unemployment: About 35,000 individuals were unemployed. The number of unemployed individuals decreased from a month earlier by 378 and decreased by over 4,253 workers compared to a year earlier, December 2017 

Employment: More than 681,000 residents were working in December 2018. The number of employed individuals decreased slightly from the previous month only by 8. However, 19,072 more workers were employed compared to a year earlier – December 2017.

Labor Force: The labor Force decreased over the previous month and increased from the previous year. Over 716,000 individuals were in labor force in December 2018. 386 less workers participated in the labor force compared to the previous month and over 14,819 more residents were in the labor force- compared to the previous year.