Employment in Philadelphia

Employment definitely takes a toll when the economy takes a toll. And, most people are aware of how badly the United States economy has suffered within the past few years, during such a crippling recession. While the economy is finally under a recovery process, employment is still one of the last things to make improvement during the recovery process, which can definitely be tough for those who are looking for employment without much luck or success.

Many people obsess over the weekly jobless data and the reports on monthly employment as a means of finding out more about how the employment trends are doing. However, most people, in their own right, want to know how their specific region is doing when it comes to employment. The best way to figure out how well each region is doing with employment is to check through the report that is issued by the federal Bureau of Labor Statistics.

Some of the latest data and information was released just last Tuesday and provided some insight on the employment and wages that employers have offered. This information was basically based on quarterly taxes that employers have filed.

There are eight specific core regions in Pennsylvania and New Jersey. These regions are Philadelphia, Bucks, Delaware, Chester, and Montgomery, all of which are in Pennsylvania. The other regions are Burlington, Camden, and Gloucester, all of which are counties in the New Jersey area.

The collected information of employment proved that employment since June 2011 has actually declined by 0.2 percent which equals to a loss of nearly 4,000 jobs. This is definitely a disappointment while the nation itself has shown an employment growth of 0.9 percent within the past year.

In three of the counties, employment managed to rise. Delaware County, for example, increased it employment by 0.9 percent along with Chester County at a 1.3 percent employment gain. Philadelphia, in the meantime, was one of the largest of the eight counties when it came to employment. The total employment rate was up from 0.1 percent from the same time during the previous year. Education and health services seemed to account for nearly 200,000 new employees. While education and health services have managed to add more than 1.6 percent of jobs over the year, the leisure and hospitality sector and the professional and business services sector continue to grow and were very hot, especially with such an economy.

Five of these counties have been suffering with declines of employment, which includes Montgomery County, which has dealt with a 0.4 employment decline along with Bucks County. And, all three of the counties in New Jersey were dealing with declines in employment, with Burlington having the highest decline of 1.6 percent.