Printer Friendly

PHILADELPHIA'S OCTOBER JOBLESS RATE UNCHANGED FROM SEPTEMBER

 PHILADELPHIA'S OCTOBER JOBLESS RATE UNCHANGED FROM SEPTEMBER
 /ADVANCE/ PHILADELPHIA, Dec. 6 /PRNewswire/ -- The Philadelphia area's seasonally adjusted unemployment rate for October was 6.4 percent, unchanged from one month ago, Department of Labor and Industry analysts announced today.
 Meanwhile, in a separate announcement, the department reported that Pennsylvania's November jobless rate remained unchanged at 6.5 percent. The state and national rates are released one month ahead of the figures for counties, cities and major metropolitan areas.
 While a stable rate over the month was favorable news, the rate was still higher than the 5.3 rate of October 1990.
 Department analysts noted that the Philadelphia area's jobless rate has been below that of the state for every month since June 1979, and, with one exception, lower than the national rate since September 1984.
 In October, total resident employment for the area was 2.32 million, up 24,900 over the month. However, the labor force increased by 29,200 offsetting the additional employment and keeping the unemployment rate unchanged.
 The number of unemployed workers increased in October by 2,400 to 159,400. One year ago, 130,100 were unemployed.
 Results from a separate survey of employer payrolls show that Philadelphia's October non-farm jobs total reached 2.20 million, 10,200 more than a month ago, but 31,100 fewer than a year before.
 In the goods-producing sector, construction jobs declined seasonally by 2,400 since September, while manufacturing employment remained unchanged. Jobs in the service-producing sector increased 11,200 over the month, as retail trade, educational services and local government posted gains. The totals in educational services and local government reflected the reopening of schools.
 The non-farm job count excludes farm workers, the self-employed, domestic workers and unpaid family workers.
 In the month of October, average weekly earnings for production workers in all manufacturing industries in the Philadelphia area were $506.21. The hourly equivalent of this weekly wage is $12.53 an hour or 48 cents an hour above last October's rate.
 The Philadelphia Primary Statistical Area (PMSA) comprises the city and the surrounding counties of Bucks, Chester, Delaware, and Montgomery, along with the New Jersey counties of Burlington, Camden, and Gloucester.
 Pennsylvania counties continued to fare well in statewide rankings as Chester County, at 4.4 percent, ranked second, Montgomery, at 4.9 percent, ranked fourth and Delaware, at 5.2 percent, ranked seventh lowest. Bucks, at 6.1 percent, ranked 17 and Philadelphia, at 7.9 percent, ranked 42 in the state.
 The over-the-month change in each county's rate revealed a mixed pattern. Bucks, Delaware and Philadelphia showed a decline since September, while the rates for Montgomery and Chester were slightly up. A comparison of Pennsylvania's 15 major labor market areas showed that Philadelphia's October seasonally adjusted rate of 6.4 percent was ranked seventh lowest in the state. The Lancaster Metropolitan Statistical Area (MSA) was the lowest at 4.6 percent. The Beaver County Primary Metropolitan Statistical Area (PMSA) was the highest at 9.3 percent.
 PHILADELPHIA PMSA OCT. 1991 (B) SEPT. 1991 OCT. 1990
 (Adjusted) (A)
 UNEMPLOYMENT 159,400 157,000 130,100
 RATE 6.4 pct. 6.4 pct. 5.3 pct.
 PA RATE 6.5 pct. 6.8 pct. 5.9 pct.
 U.S. RATE 6.8 pct. 6.7 pct. 5.7 pct.
 PHILADELPHIA PMSA OCT. 1991 (B) SEPT. 1991 OCT. 1990
 (Unadjusted)
 LABOR FORCE 2,481,300 2,452,100 2,446,800
 EMPLOYMENT 2,324,100 2,299,200 2,317,000
 UNEMPLOYMENT 157,200 152,900 129,800
 RATE 6.3 pct. 6.2 pct. 5.3 pct.
 PA RATE 6.4 pct. 6.3 pct. 5.9 pct.
 U.S. RATE 6.4 pct. 6.4 pct. 5.4 pct.
 PHILA. PMSA OCT. 1991 (B) SEPT. 1991 OCT. 1990
 PA Portion (Unadj.)
 LABOR FORCE 1,937,800 1,911,900 1,908,100
 EMPLOYMENT 1,816,800 1,791,900 1,805,200
 UNEMPLOYMENT 121,000 120,000 102,900
 RATE 6.2 pct. 6.3 pct. 5.4 pct.
 BUCKS CO. RATE 6.1 pct. 6.2 pct. 4.7 pct.
 CHESTER CO. RATE 4.4 pct. 4.2 pct. 3.6 pct.
 DELAWARE CO. RATE 5.2 pct. 5.3 pct. 4.3 pct.
 MONTGOMERY CO. RATE 4.9 pct. 4.8 pct. 4.2 pct.
 PHILA CO/CITY RATE 7.9 pct. 8.0 pct. 7.2 pct.
 (A) Seasonally adjusted figures attempt to "filter out" the labor market fluctuations caused by normal seasonal patterns. With these recurring patterns removed, the data provide a more accurate account of general economic trends.
 (B) Data for current month are preliminary and are subject to revision.
 For additional information on the October 1991 employment data for any specific area, contact the appropriate L&I regional labor market analyst, whose name and phone number are available from the nearest state Job Service Office located in Job Centers throughout the area or from the Labor and Industry Press Office 717-787-7530.
 /delval/
 -0- 12/6/91/0900
 /CONTACT: Ed Murray of the Department of Labor & Industry, 215-560-1977/ CO: Department of Labor & Industry ST: Pennsylvania IN: SU:


JS -- PH034 -- 9873 12/05/91 17:23 EST
COPYRIGHT 1991 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Dec 5, 1991
Words:866
Previous Article:THE LOEWEN GROUP INC. ANNOUNCES CASH DIVIDEND
Next Article:SNYDER OIL DECLARES FIRST PREFERRED DIVIDEND


Related Articles
PHILADELPHIA'S JOBLESS RATE FALLS 0.3 PERCENT IN JULY
PHILADELPHIA AREA JOBLESS RATE UNCHANGED FOR THIRD MONTH
Oct. jobless rate unchanged from Sept. at 4.6 pc.
H.K. unemployment rate stays at 4.8%.
Japan's jobless rate remains at 4.7% in Oct.+.
COUNTY UNEMPLOYMENT RATE DIPS TO 7.6%.
2ND LD: Japan's unemployment rate unchanged at 5.2% in Nov.
H.K. jobless rate drops to 6.7%.
2ND LD: Japan's jobless rate rises to 4.7% in Oct.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters