Friday, January 24, 2020

Pennsylvania’s December Jobless Rate Rises 0.2%, Payrolls Shrink

On January 24, the Department of Labor and Industry reported Pennsylvania’s unemployment rate was up two-tenths of a percentage point over the month to 4.5 percent in December. The national rate was unchanged from November at 3.5 percent. 
The Commonwealth’s unemployment rate increased by three-tenths of a percentage point from December 2018 while the national rate was down four-tenths of a percentage point over the year. 
Pennsylvania’s civilian labor force-- the estimated number of residents working or looking for work-- was up 18,000 over the month to 6,552,000, the third consecutive record high. 
December was the fifth consecutive month in which employment and unemployment both increased, signaling that Pennsylvanians have been entering the workforce. 
The estimated number of jobs in Pennsylvania, referred to as total nonfarm jobs, declined 9,700 from November’s record high to 6,063,400 in December. 
Jobs were up in five of the 11 industry supersectors. The largest supersector movement from November was a drop of 5,900 professional & business services jobs. 
Education & health services, up 700 over the month, had the largest gain from November and reached a new record high. Although no other supersectors were at record high levels in December, three others set new record high levels earlier in 2019.
Over the year, total nonfarm jobs in Pennsylvania were up 32,700 with gains in seven of the 11 supersectors. All three goods-producing supersectors declined from last December, while only one service-providing supersector was down. 
The largest volume 12-month change among supersectors was an increase of 13,300 professional & business services jobs.
AP: Pennsylvania’s December Jobless Rate Rises, Payrolls Shrink

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