PA UNEMPLOYMENT RATE DROPPED TO 4.8% IN DECEMBER; LOWEST SINCE MARCH 2008

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PRESS RELEASE – Today (Friday, January 23, 2015), the Pennsylvania Department of Labor & Industry released its employment situation report for December 2014.

Pennsylvania’s unemployment rate declined by three-tenths of a percentage point in December to 4.8 percent, the commonwealth’s lowest rate since March 2008. This was the fourth consecutive monthly decline in the state unemployment rate and the ninth decline in 2014. Pennsylvania’s rate was eight-tenths of a percentage point below the U.S. rate of 5.6 percent. The commonwealth’s rate was down by 2.0 percentage points from last December while the national rate declined by 1.1 points over the year.Pennsylvania’s civilian labor force contracted slightly in December, down 1,000 to 6,367,000. Resident employment was up 13,000 while unemployment was down 14,000.

Total nonfarm jobs were up by 8,300 to 5,812,300, the highest level since June 2008. Private sector jobs rose 8,300 to a record high of 5,098,200. Within industries, the largest increase in December was 4,700 in education & health services. Construction had the largest decline, down 4,800.

Over the year, total nonfarm jobs in Pennsylvania were up 54,200 (+0.9%). The growth was almost entirely within private industries, with the largest gains in trade, transportation & utilities, education & health services and construction. Only two of the eleven supersectors declined from last December – information and government.

Note: The above data are seasonally adjusted. Seasonally adjusted data provide the most valid month-to-month comparison.


A breakdown of Pennsylvania’s employment statistics follows:

Current Labor Force Statistics
Seasonally Adjusted (in thousands)
December
2014
November
2014
December
2013
Change from
November 2014
Change from
December 2013
volume
percent
volume
percent
PA
Civilian Labor Force
6,367
6,368
6,424
-1
0.0%
-57
-0.9%
Employment
6,058
6,045
5,990
13
0.2%
68
1.1%
Unemployment
309
323
434
-14
-4.3%
-125
-28.8%
Rate
4.8
5.1
6.8
-0.3
—-
-2.0
—-
U.S.
Civilian Labor Force
156,129
156,402
155,047
-273
-0.2%
1,082
0.7%
Employment
147,442
147,331
144,671
111
0.1%
2,771
1.9%
Unemployment
8,688
9,071
10,376
-383
-4.2%
-1,688
-16.3%
Rate
5.6
5.8
6.7
-0.2
—-
-1.1
—-

Pennsylvania Nonagricultural Wage and Salary Employment
Seasonally Adjusted (in thousands)
December
2014
November
2014
December
2013
Change from
November 2014
Change from
December 2013
volume
percent
volume
percent
Total Nonfarm Jobs
5,812.3
5,804.0
5,758.1
8.3
0.1%
54.2
0.9%
Goods Producing Industries
834.3
837.2
820.3
-2.9
-0.3%
14.0
1.7%
Mining & Logging
37.9
38.0
36.5
-0.1
-0.3%
1.4
3.8%
Construction
231.2
236.0
222.4
-4.8
-2.0%
8.8
4.0%
Manufacturing
565.2
563.2
561.4
2.0
0.4%
3.8
0.7%
Service Providing Industries
4,978.0
4,966.8
4,937.8
11.2
0.2%
40.2
0.8%
Trade, Transportation & Utilities
1,124.1
1,120.8
1,110.1
3.3
0.3%
14.0
1.3%
Information
86.6
86.4
87.7
0.2
0.2%
-1.1
-1.3%
Financial Activities
314.2
313.4
312.3
0.8
0.3%
1.9
0.6%
Professional & Business Services
758.7
760.7
755.2
-2.0
-0.3%
3.5
0.5%
Education & Health Services
1,171.2
1,166.5
1,159.4
4.7
0.4%
11.8
1.0%
Leisure & Hospitality
549.8
546.4
542.2
3.4
0.6%
7.6
1.4%
Other Services
259.3
258.5
253.4
0.8
0.3%
5.9
2.3%
Government
714.1
714.1
717.5
0.0
0.0%
-3.4
-0.5%

For a more detailed breakdown of seasonally adjusted jobs data at the sector level, please contact the Center for Workforce Information & Analysis at 1-877-4WF-DATA, or visit http://www.paworkstats.pa.gov/.
 –
Note: January 2015 labor force and nonfarm jobs statistics will be released March 6, 2015.


 –
Above image source: Image above licensed under CC BY-SA 3.0 via Wikimedia Commons – http://commons.wikimedia.orgwikiFilePennsylvania-counties-map.gif#mediaviewerFilePennsylvania-counties-map.gif / Image was edited to show month and 4.8% graphics.



More information from June 2014 to November 2014 can be found on the United States Department of Labor – Bureau of Labor and Statistics website at http://www.bls.gov/eag/eag.pa.htm.
Click HERE to view information for the past ten years (with the option to research as far back as 1976).
The lowest recorded Pennsylvania unemployment rate since 1976 was January to April in 2007 with a rate of 4.2%.
The highest recorded Pennsylvania unemployment rate since 1976 was January to March in 1983 with a rate of 12.9%.

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