PA Unemployment Rate Declines to 6.2% in February

HARRISBURG, Pa., March 21, 2014 /PRNewswire-USNewswire/ -- Today, the Department of Labor & Industry released its employment situation report for February 2014.

Pennsylvania's seasonally adjusted unemployment rate declined by two-tenths of a percentage point in February to 6.2 percent. The commonwealth's rate was one-half of a percentage point below the U.S. rate, which in February was up one-tenth of a percentage point to 6.7 percent.  Pennsylvania's unemployment rate was its lowest since November 2008, when the rate was also 6.2 percent. The state rate was down 1.5 percentage points from its February 2013 rate of 7.7 percent.

Pennsylvania's civilian labor force – the number of people working or looking for work –increased by 15,000 in February to 6,430,000. Resident employment was up 28,000 to 6,032,000, and the number of unemployed residents fell 15,000 to 397,000, its lowest level since October 2008. Pennsylvania's labor force was down by 59,000 over the year due primarily to a decline in unemployment of 103,000.

Total nonfarm jobs rose by 8,700 in February to 5,766,000. Private sector jobs were up by 7,500 and government jobs rose by 1,200. The largest gains were in trade, transportation & utilities, leisure & hospitality, and professional & business services, which each added more than 3,000 jobs from January. Leisure & hospitality and professional & business services both set new record high levels in February.

Over the year, total nonfarm jobs in Pennsylvania were up 24,600 (+0.4%). The growth was primarily within private service-providing industries. The largest gains were in leisure & hospitality (+19,300), and professional & business services (+12,300).

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

Media Contact:    Sara Goulet, 717-787-7530

Editor's Note: A breakdown of Pennsylvania's employment statistics follows.



 

Current Labor Force Statistics

Seasonally Adjusted

(in thousands)











       Change from

 Change from


February

 January

February

January 2014

 February 2013


2014

2014

2013

volume  

percent  

volume  

percent

PA                        








Civilian Labor Force      

6,430

6,415

6,489

15

0.2%

-59

-0.9%

Employment                 

6,032

6,004

5,990

28

0.5%

42

0.7%

Unemployment              

397

412

500

-15

-3.6%

-103

-20.6%

Rate                              

6.2

6.4

7.7

-0.2

----

-1.5

----









U.S.                           








Civilian Labor Force      

155,724

155,460

155,511

264

0.2%

213

0.1%

Employment                 

145,266

145,224

143,464

42

0.0%

1,802

1.3%

Unemployment              

10,459

10,236

12,047

223

2.2%

-1,588

-13.2%

Rate                             

6.7

6.6

7.7

0.1

----

-1.0

----

 

Pennsylvania Nonagricultural Wage and Salary Employment

Seasonally Adjusted

(in thousands)











Change from

 Change from


February

January

February

January 2014

 February 2013


2014

2014

2013

volume

percent  

volume

percent









Total Nonfarm Jobs         

5,766.0

5,757.3

5,741.4

8.7

0.2%

24.6

0.4%









Goods Producing Industries     

825.1

826.9

827.2

-1.8

-0.2%

-2.1

-0.3%

  Mining & Logging                      

36.8

36.8

35.6

0.0

0.0%

1.2

3.4%

  Construction                             

229.4

229.9

225.7

-0.5

-0.2%

3.7

1.6%

  Manufacturing                            

558.9

560.2

565.9

-1.3

-0.2%

-7.0

-1.2%









Service Providing Industries    

4,940.9

4,930.4

4,914.2

10.5

0.2%

26.7

0.5%

  Trade, Transportation & Utilities  

1,104.4

1,100.9

1,103.1

3.5

0.3%

1.3

0.1%

  Information                                 

87.0

87.5

89.1

-0.5

-0.6%

-2.1

-2.4%

  Financial Activities                      

315.4

313.9

311.4

1.5

0.5%

4.0

1.3%

  Professional & Business Services 

757.5

754.2

745.2

3.3

0.4%

12.3

1.7%

  Education & Health Services         

1,161.9

1,164.3

1,158.3

-2.4

-0.2%

3.6

0.3%

  Leisure & Hospitality                     

549.2

545.8

529.9

3.4

0.6%

19.3

3.6%

  Other Services                               

252.3

251.8

252.1

0.5

0.2%

0.2

0.1%

  Government                                    

713.2

712.0

725.1

1.2

0.2%

-11.9

-1.6%

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 www.paworkstats.pa.gov

Note: February 2014 labor force and nonfarm jobs statistics will be released April 18, 2014.   

SOURCE Pennsylvania Department of Labor & Industry



RELATED LINKS
http://www.paworkstats.pa.gov

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