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PENNSYLVANIA'S JOBLESS RATE FALLS TO 7 PERCENT

 HARRISBURG, Pa., March 5 /PRNewswire/ -- Pennsylvania's seasonally adjusted unemployment rate fell sharply in February by .5 percentage point to 7.0 percent, analysts with the state Department of Labor and Industry announced today.
 This was the lowest seasonally adjusted unemployment rate since November 1991, and it was down nearly a full percentage point from the 7.9 percent recession high recorded last August. This sharp decline in the rate reflected a drop in Pennsylvania's unemployment count from January by 31,000 to 422,000. This was lower than in any month of 1992.
 At 6.01 million, the state's civilian labor force, the estimated number of Pennsylvania residents working or available for and seeking work, inched down by 16,000 from January. Nevertheless, it remained above the 6 million level, where it has been since July.
 At 5.59 million, Pennsylvania's employment in February was up moderately, reversing the losses of January.
 Early results from a different survey, based upon employer payrolls rather than households, show total nonagricultural wage and salary jobs were up by 21,400 from January to 5.02 million in February. In a typical year, jobs climb seasonally by 7,700 from January to February. Compared to February 1992, total nonfarm jobs were up by 38,400.
 In the service-producing sector, jobs increased by 29,800 since January to 3.90 million. Job losses in retail trade of 9,500 were outweighed by large job gains in services (23,100) and government (18,000). Service-producing jobs as a whole were up by 60,300 over the year.
 In contrast, all industries in the goods producing-sector shared in a 7,900 job decline to 1.12 million in February. Job losses in construction (-3,900) and durable goods manufacturing (-2,600) were the major contributors. Compared to February 1992, goods-producing jobs were down by 20,900.
 PA (SEASONALLY ADJUSTED)(A) FEB. 1993 JAN. 1993 FEB. 1992
 Labor Force 6,008,000 6,024,000 5,993,000
 Employment 5,586,000 5,570,000 5,543,000
 Unemployment 422,000 453,000 450,000
 Rate 7.0 pct. 7.5 pct. 7.5 pct.
 (U.S. Rate) 7.0 pct. 7.1 pct. 7.3 pct.
 PA (UNADJUSTED) FEB. 1993 JAN. 1993 FEB. 1992
 Labor Force 5,996,000 5,980,000 5,977,000
 Employment 5,507,000 5,491,000 5,463,000
 Unemployment 489,000 489,000 514,000
 Rate 8.2 pct. 8.2 pct. 8.6 pct.
 (U.S. Rate) 7.7 pct. 7.9 pct. 8.1 pct.(A)
 (A) Data is provisional and subject to further revision due to pending census population adjustments. Seasonally adjusted figures attempt to "filter out" the labor market fluctuations which are caused by normal seasonal patterns. With these recurring patterns removed, the data provide a more accurate account of general economic trends.
 For additional information on the February Pennsylvania employment data, contact the Labor and Industry Press Office. Local and regional information for January is available from Labor and Industry's regional labor market analysts. Regional analysts' names and phone numbers may be obtained from the nearest state Job Center or from the L&I Press Office, 717-787-7530.
 /delval/
 -0- 3/5/93
 /CONTACT: Scott Burkett or Jack McGettigan of the Department of Labor & Industry, 717-787-7530/


CO: Pennsylvania Department of Labor & Industry ST: Pennsylvania IN: SU: ECO

MJ -- PH002 -- 3324 03/05/93 08:53 EST
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Date:Mar 5, 1993
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