November Jobs Report: Unemployment Rate Drops to 5%
This rate matched that of the United States, which has remained at 5.0 percent since October. However, this was only one-tenth of a percentage decrease for the commonwealth since November 2014, whereas the country’s unemployment rate as a whole has decreased eight-tenths of a percentage point.
Pennsylvania’s civilian labor force was up 14,000 in November to 6,429,000. Resident employment rose by 23,000 while the unemployment count declined by 9,000.
Seven of the 11 supersectors added jobs from October. The largest gain was in education & health services, which rose 2,800 to a record high.
Over the year, total nonfarm jobs in Pennsylvania were up 39,800 (+0.7%). All seven of the private service-providing supersectors added jobs from November 2014.
Total nonfarm jobs were down 3,400 in November to 5,856,000. The largest drop was a decline of 5,000 in leisure & hospitality, which fell from a record high in October
Over the year, all three goods-producing supersectors and government declined.