Economy Update

JOBS AND UNEMPLOYMENT: FEBRUARY 2014
National Unemployment Rate 6.7%
Pennsylvania Unemployment Rae 6.2%
Change in Pa. Unemployment Rate since Dec. 2007 +1.7
Total Pennsylvania Nonfarm Jobs 5,766.000

The Great Recession and the slow economic recovery that followed have hit Pennsylvania families hard. Unemployment in the commonwealth remains high, and many people are struggling to make ends meet. In February, Pennsylvania's unemployment rate stood at 6.2%, one-half of a percentage point below the U.S. rate of 6.7%.

Learn More: Get More Facts about Pennsylvania Employment

Browse PA Economy Publications Below

November 15, 2012

Income gaps widened in Pennsylvania between the late 1990s and the mid-2000s with earnings for low-income families dropping as the income of the wealthiest continued to increase, according to a new study by the Center on Budget and Policy Priorities and the Economic Policy Institute.

November 15, 2012

Income gaps widened in Pennsylvania between the late 1990s and the mid-2000s with earnings for low-income families dropping as the income of the wealthiest continued to increase, according to a new study by the Center on Budget and Policy Priorities and the Economic Policy Institute.

September 20, 2012

New Census data show that poverty rates remained high in Pennsylvania last year. The state's uninsured rate showed little change from 2010 to 2011, although Pennsylvania continues to have a lower uninsured rate than the nation as a whole.

September 14, 2012

New Census data offer a mix of good and bad news. The share of Americans without health insurance declined, but the middle class continues to struggle in the wake of the recession and the acceleration of income inequality.

June 15, 2012

"Over the last three years, at least 700,000 state and local government employees have lost their jobs, including teachers, sanitation workers and public safety personnel, contributing a full percentage point to the unemployment rate," The Times wrote this week.

January 17, 2012

Interest payments and cancellation fees associated with interest rate swaps and swaptions have cost the City and School District of Philadelphia hundreds of millions of dollars.

January 17, 2012

Large financial institutions, including many that received financial bailouts through the Troubled Asset Relief Program (TARP), will continue to make hundreds of millions of dollars off interest rate swaps negotiated with the City and School District of Philadelphia, according to a new report from the Pennsylvania Budget and Policy Center (PBPC).

September 27, 2011

As the recession took its toll last year, more Pennsylvanians and Americans fell into poverty, saw their incomes decline and joined the ranks of the uninsured, according to new data from the U.S. Census Bureau.

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