Philadelphia Area Employment – August 2018 : Mid–Atlantic Information Office : U.S. Bureau of Labor Statistics

Philadelphia Area Employment – August 2018
Local Rate of Employment Growth Matches National Average

Total nonfarm employment for the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Metropolitan Statistical Area stood at 2,939,900 in August 2018, up 47,800, or 1.7 percent, over the year, the U.S. Bureau of Labor Statistics reported today. During the same period, the national job count also increased 1.7 percent. Sheila Watkins, the Bureau’s regional commissioner, noted that the Philadelphia area’s August increase was its 76th consecutive over-the-year employment gain. (See chart 1 and table 1; the Technical Note at the end of this release contains metropolitan area definitions. All data in this release are not seasonally adjusted; accordingly, over-the-year analysis is used throughout.)

The Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Metropolitan Statistical Area is made up of four metropolitan divisions—separately identifiable employment centers within the greater metropolitan area. All four of the divisions saw employment increases over the year. The Philadelphia Metropolitan Division, with 32 percent of the area’s employment, gained 18,800 jobs since last August. The Camden Metropolitan Division, with 19 percent of local employment, added 11,800 jobs over the year. The Montgomery County-Bucks County-Chester County Metropolitan Division, with 37 percent of the area’s employment, added 8,900 jobs; and the Wilmington Metropolitan Division, with the remaining 12 percent, added 8,300 jobs over the year.

Industry employment

In the greater Philadelphia metropolitan area, education and health services had the largest employment gain from August 2017 to August 2018, adding 20,200 jobs. The Philadelphia area’s 3.2-percent growth in education and health services employment was faster than the nationwide increase of 2.1 percent. The Philadelphia division added 14,400 jobs and the Montgomery County division added 3,300 jobs.

Professional and business services employment increased by 14,000 since last August, the second-largest gain in the Philadelphia area. The 3.0-percent rate of local job growth was higher than the 2.6-percent rate for the nation. Of the three local divisions that gained in this industry, Montgomery County saw the largest increase, adding 7,300 jobs.

Leisure and hospitality added 6,900 jobs in the local area. The 2.5-percent rate of local employment growth in this supersector was faster than the 1.6-percent nationwide increase. Two other supersectors in the local area gained at least 3,000 jobs each since last August: trade, transportation, and utilities and mining, logging, and construction.

Declining by 1,800 jobs, information was the only supersector in the Philadelphia area to lose more than 1,000 jobs since August 2017.

Employment in the 12 largest metropolitan areas

Philadelphia-Camden-Wilmington was 1 of the nation’s 12 largest metropolitan statistical areas in August 2018. All 12 areas had over-the-year job growth during the period, with the rates of job growth in 8 areas matching or exceeding the national average of 1.7 percent. Houston-The Woodlands-Sugar Land had the fastest rate of job growth, up 3.7 percent, followed by Phoenix-Mesa-Scottsdale at 3.6 percent. Chicago-Naperville-Elgin had the slowest rate of job growth, 0.8 percent, followed by Los Angeles-Long Beach-Anaheim (1.2 percent).

Source: Philadelphia Area Employment – August 2018 : Mid–Atlantic Information Office : U.S. Bureau of Labor Statistics