November 16, 2018

Pennsylvania Unemployment Rate Unchanged At 4.1 Percent In October

On November 16, the Department of Labor & Industry reported Pennsylvania’s unemployment rate of 4.1 percent was unchanged from September to October and remained at the lowest rate since July 2000.
The Pennsylvania unemployment rate declined by seven-tenths of a percentage point from October 2017.
The estimated number of Pennsylvania residents working or looking for work, known as the civilian labor force, was up 23,000 over the month. The number of employed Pennsylvanians rose by 21,000 to a record high of 6,155,000. The number of unemployed residents was up 3,000 from September, but down 44,000 from last October.
The estimated number of jobs in Pennsylvania, referred to as total nonfarm jobs, also reached an all-time high of 6,063,400 in October, up 18,500. Highlights from this month’s jobs report include:
-- Jobs increased in eight of the 11 industry supersectors over the month
-- Professional & business services and education & health services jobs rose to record highs
-- Education & health services had the largest monthly gain, up 5,900
Over the past 12 months, jobs increased 1.5 percent in the commonwealth with gains in nine of the 11 supersectors. Education & health services had the largest volume 12-month gain. Nationally, jobs were up 1.7 percent during this timeframe.
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