Economic Outlook in Philadelphia
we at ProRentUSA use available government indicators to update the state
of the Philadelphia economy.
government figures show that Philadelphia, among the top five metropolitan
areas in population, has the lowest unemployment rate. Its 5.3 compares
to the national average of 6.0. The area’s total nonfarm employment
for October gained 35,900 jobs since August.
sectors with the biggest growth during that three-month period were
wholesale/retail trade, services, and government which accounted for
72% of the area’s total employment.
the manufacturing sector remains sluggish, but expectations over the
next six months continue to be optimistic, with two out of three manufacturers
planning additions to their workforce in the second quarter of 2003.
of the nation’s top manufacturing, commercial, financial, education,
medical, and shipping centers--has emerged a leader in the high-tech
revolution. It also is the center of a huge metropolitan area, which
includes five Pennsylvania counties and four New Jersey counties. Its
highly diverse economy embraces manufacturing, finance, healthcare,
printing and publishing, pharmaceuticals, biotechnology, retail, and
tourism. The area is served by excellent road and rail systems, the
Philadelphia International Airport, and a major international port.
Visit the website of our local
Philadelphia apartment locating expert.
Links To Great Web Sites!
Z Home Buying and Selling Real Estate Guide - Vendema
Real Estate Foreclosures Guide