Philadelphia, PA Jobs Report

January 2021 Jobs Report

Jobs Added

Metro -15,800
  • Month Over Month: -0.6%
  • 3 Month Average: 67
  • Year Over Year: -7.2%
State -37,600
  • Month Over Month: -0.7%
  • 3 Month Average: 900
  • Year Over Year: -7.8%
National +49,000
  • Month Over Month: 0.0%
  • 3 Month Average: 28,667
  • Year Over Year: -6.3%

Unemployment Rate

Metro 6.5%
  • Month Over Month: -0.7%
  • 3 Month Average: 7.03%
  • Year Over Year: +2.5%
State 6.7%
  • Month Over Month: -0.1%
  • 3 Month Average: 6.97%
  • Year Over Year: +2.1%
National 6.3%
  • Month Over Month: %
  • 3 Month Average: 6.57%
  • Year Over Year: %

The unemployment rate fell to 6.3 percent from 6.7 percent in December, but that decline was driven by more than 400,000 people who left the workforce instead of getting jobs. U.S. employers added 49,000 jobs in January. We now have more than 9.8 million fewer jobs than the U.S. did in February 2020, recovering less than half of what was lost during the early days of the pandemic. At the current rate of growth in January, it would take more than 16 years to regain all of those jobs. 

Though the employment picture remains challenging, 2021 marked a return to gains after a one-month lull in December that saw the first negative number since the recovery began in May. Vaccines have provided hope that the U.S. economy can be running at full speed in the second half of the year, though the months immediately ahead are likely to remain challenging.

 

Sector Job Growth from the B.L.S.

Financial Activities +300
  • Month Over Month: +0.1%
  • 3 Month Average: 211
  • Year Over Year: -3.5%
Professional & Business Services -1,400
  • Month Over Month: -0.3%
  • 3 Month Average: 452
  • Year Over Year: -4.6%

Industry Job Growth from the B.L.S.

Finance & Insurance +200
  • Month Over Month: +0.1%
  • 3 Month Average: 175
  • Year Over Year: -2.7%
Real Estate & Rental & Leasing -100
  • Month Over Month: -0.1%
  • 3 Month Average: 67
  • Year Over Year: +2.1%
Accounting, Tax Preparation, Bookkeeping, & Payroll Services +500
  • Month Over Month: +1.4%
  • 3 Month Average: 35
  • Year Over Year: +1.1%
Employment Services +1,100
  • Month Over Month: +1.0%
  • 3 Month Average: 104
  • Year Over Year: -13.9%

Metropolitan Month-Over Month Job Growth by Sector

*The following chart displays the latest local job growth by sector compared to the previous month. Note that if a sector experienced losses or flat growth, it will not be displayed as part of the graphic.

BLS.gov cannot vouch for the data or analyses derived from these data after the data have been retrieved from BLS.gov.

Do you know what to pay top talent?
Check out the most accurate salary data for specialty professionals in your job market and across the country. Claim your copy of our latest Salary Guide.

Local Job Reports

Questions? Ask Us.
Let's talk about your recruiting situation.