CITY OF PHILADELPHIA’S UNEMPLOYMENT RATE DROPS TO 6.8%

13,600 jobs added to date in 2014

Philadelphia, May 28, 2014 – According to preliminary data released today by the U.S. Bureau of Labor Statistics (BLS), the unemployment rate in Philadelphia declined to 6.8% for April 2014, a 3.3% drop over April 2013 and the lowest rate since May 2008.  In addition, the number of jobs in Philadelphia increased by 4,000 from March to April for a total 675,800, the highest number for April since 2003.

“As Philadelphia continues to grow our way back from the Great Recession, my Administration remains committed to attracting new business, creating more jobs, and providing more opportunities for all Philadelphians to work and earn a decent living,” said Mayor Michael A. Nutter.  “Whether it’s a big corporation such as Comcast undergoing major expansion or a small business on Torresdale Avenue taking advantage of our Storefront Improvement Program, our economic development team works day-in and day-out to support businesses and job growth in our great city.”

Other highlights from the recent BLS data include:

  • The number of jobs in Philadelphia increased by 4,000 from March to April to 675,800.  Highest number for an April since 2003.
  • The number of Philadelphians employed increased by 5,200 to 598,934.  Highest number since December 2001.
  • The number of Philadelphians unemployed decreased by 8,750 to 43,411. Lowest number since May 2008.

“We are very encouraged by the confidence in Philadelphia shown by businesses that continue to grow and add jobs in our city,” said Alan Greenberger, Deputy Mayor for Economic Development.  “During the coming weeks and months we will make a number of exciting announcements regarding new companies moving into Philadelphia and existing companies growing here, which will build on the momentum we have seen over the last year.”

To see the BLS data visit: http://www.bls.gov/eag/eag.pa_philadelphia_co.htm

Posted in Mayor's Press Releases, Press Release
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