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
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