Philadelphia Job Market Report
Welcome to the "Philadelphia Job Market Report" podcast, your essential source for the latest updates, trends, and insights into the job market in Philadelphia. Whether you're a job seeker, employer, or just curious about the economic landscape, we provide in-depth analysis and expert interviews to help you navigate the ever-changing employment scene. Stay informed about high-demand industries, emerging job opportunities, and career advice tailored specifically for the Philadelphia region. Tune in weekly to stay ahead in the City of Brotherly Love's dynamic job market. Subscribe now and unlock the key to achieving your career goals with "Philadelphia Job Market Report."...
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Philadelphia's Evolving Job Market: Healthcare, Energy Efficiency, and Logistics Shine Amidst National Slowdown
Philadelphia's job market in late 2025 reflects a cooling yet balanced landscape amid national slowdowns. Pennsylvania's unemployment rate stood at 4.1 percent in September 2025, up from 3.7 percent a year earlier, while the U.S. rate hit 4.4 percent, according to the Pennsylvania Department of Labor and Industry and Federal Reserve Bank of Philadelphia reports. Total nonfarm jobs reached a record 6,252,900, up 99,900 over the year and marking the 17th consecutive high, driven by gains in 10 of 11 supersectors, with education and health services adding 2,500 jobs monthly.<br /><br />Major industries include healthcare, social services, financial activities, and emerging energy efficiency, which grew 4.63 percent in 2024 to...
Philly's Steady Job Market: Resilient Sectors, Cooling Trends, and Shaping the Future
Philadelphia’s job market is cooling but remains comparatively stable. According to the U.S. Bureau of Labor Statistics, the Philadelphia-Camden-Wilmington metro unemployment rate is hovering around the mid‑4 percent range, slightly above the national rate but below peaks seen earlier in the decade. The Conference Board’s Help Wanted Online data show Philadelphia in the middle of major U.S. metros for online labor demand, suggesting moderate hiring activity rather than a boom. Listeners should note that very recent, city-specific data can lag by one to two months, creating short-term gaps in precision.<br /><br />The employment landscape is anchor...
Philadelphia's Evolving Job Market: Navigating Economic Shifts and Targeted Growth Opportunities
Philadelphia's job market reflects broader national economic challenges while showing targeted strength in specific sectors. The unemployment rate in the region has risen to 4.4 percent, matching the highest level seen in nearly four years nationally. September saw the economy add 117,000 jobs, below the decade-long monthly average of 146,000, indicating a significant slowdown in hiring momentum.<br /><br />The Philadelphia region faces a K-shaped economic pattern where growth appears solid on the surface yet hiring remains sluggish and consumer spending weakens. Job creation has averaged just 35,000 over recent months when accounting for downward revisions, compared to 160,000 to 170,000 per month in the prior...
Philly's Jobs Landscape Mirrors National Trends: Sluggish Growth, Demographic Disparities, and Economic Uncertainty Ahead
Philadelphia's job market reflects broader economic headwinds facing the nation. The city is experiencing modest employment growth with 146,194 jobs currently available on Indeed, though recent data reveals concerning trends beneath the surface. The September jobs report showed only 119,000 new jobs added nationally, with employment actually declining by 6,000 jobs during the first nine months of the year outside of healthcare, food service, and social services sectors.<br /><br />The unemployment landscape in Philadelphia mirrors national patterns, particularly affecting specific demographic groups. Black women in the region face disproportionate unemployment challenges, with the national rate jumping from 5.8 percent to 7.5 percent between June...
Philadelphia's Resilient Job Market: Stability, Growth, and Workforce Initiatives in 2025
Philadelphia’s job market in late 2025 is marked by steady employment, moderate unemployment, and dynamic shifts across key sectors. According to the Philadelphia Federal Reserve and MIG Market Watch, the city’s September 2025 unemployment rate stood at 4.4 percent, slightly above the prior year but still historically low. Payroll numbers rose by 119,000, and the overall job market is regarded as stable, with layoff rates holding steady and job openings consistent with national trends, as noted by AOL News. The labor force encompasses a wide swath of industries, from healthcare, education, and construction to emerging sectors such as enterprise digital solutions and biom...
Philadelphia Job Market Shifts: Moderate Growth, Evolving Sectors, and Workforce Adaptations
Philadelphia’s job market in November 2025 is defined by moderate growth, steady but elevated unemployment, and significant sector shifts. According to ALM First, the unemployment rate stands at 4.3 percent with a labor force participation rate of about 62.3 percent, numbers that mirror national averages and underscore a market that remains slightly slack compared to the pre-pandemic era. ZipRecruiter finds the average annual salary in Philadelphia is $142,335, about 0.7 percent above the state average, with wage growth limited and little variation between top-paying cities in the metro area. The Bureau of Labor Statistics notes a nationwide slowdown in annual job growth, which in Ph...
Philadelphia's Evolving Job Market: Hybrid Work, Sectoral Shifts, and Workforce Training Initiatives
Philadelphia’s job market in late 2025 is characterized by an uneven recovery, significant sectoral shifts, and evolving hiring patterns. The employment landscape is anchored by major industries including education, healthcare, life sciences, finance, and technology. The University of Pennsylvania and its health system remain the largest employers, followed by Thomas Jefferson University and major hospitals, with robust hiring also in biotech, insurance, and legal services. According to reports from The Business Journals, education and healthcare together employ tens of thousands in the region, and the city continues to grow as a hub for medical research and advanced manufacturing. The World Tr...
Philadelphia's Evolving Job Market: Resilience Amid Uncertainty
Philadelphia’s job market in late 2025 reveals a complex landscape marked by low overall unemployment yet persistent challenges for job-seekers. Recent figures from the Federal Reserve Bank of Chicago and payroll processor ADP indicate unemployment hovering between 4.3% and 4.4%, an historically low rate, though the pace of hiring is sluggish and many out-of-work individuals face prolonged job searches. Causes include uncertainty around interest rates, tariffs, and rapid integration of artificial intelligence, leading companies to be cautious in adding staff, according to the Philadelphia Inquirer and KPMG. Entry-level prospects are hit hardest, particularly for recent college graduates who now see an unemployment ra...
Philadelphia's Shifting Job Market: Balancing Tech Disruption, Resilient Sectors, and Uncertain Data
The Philadelphia job market is experiencing a period of flux as economic conditions shift at both the national and local levels. According to MARCA, the unemployment rate in Philadelphia stood at approximately 4.3 percent as of August, remaining relatively stable despite slowed hiring and a noticeable increase in layoffs. Marketplace notes that October saw the highest number of announced layoffs nationwide in two decades, affecting a range of sectors from technology to healthcare. Locally, the Business Journals report significant workforce reductions among life sciences, health care, and manufacturing employers in the region over the past year, with firms like Tower Health...
Philadelphia's Evolving Job Landscape: Tech Shifts, Healthcare Growth, and Workforce Resilience
Philadelphia’s job market in late 2025 reflects a mixed but evolving picture shaped by broader national trends and local dynamics. Despite national headwinds—like a notable wave of layoffs across the technology, retail, and government sectors as reported by Reuters and echoed by TrueUp’s tally of 175,000 tech layoffs nationwide this year—the city has seen ongoing collaboration between public, private, and educational sectors to stabilize and grow its workforce. According to the Tri-State Workforce Consortium, leaders in Philadelphia are working closely with partners in New Jersey and Delaware to build a more resilient job market, emphasizing large-scale investments and more acc...
