Philadelphia Area Fourth Most Improved Economy for Job Growth Nationwide

Philadelphia area is in the top five most improved economies in large metropolitan areas nationwide for job growth for 2015 to 2016.

Federal employment data puts the Philadelphia area in the top five most improved large metropolitan economies nationwide for job growth from 2015 to 2016, according to a staff report from Philadelphia Business Journal.

The study published by Headlight Data, shows that Philadelphia posted the fourth most improved economy for the twelve month period. The study used federal employment numbers sourced from national data to determine how much each individual areas economy had grown year on year.

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According to the data, the Philadelphia metro area saw the number of employed people increase by over 45,000, or a growth rate of 1.7 percent. This is 0.45 percent higher than the growth rate for Philadelphia as a whole over the same period.

Cities that showed an even stronger rate of growth than Philadelphia are Nashville, Grand Rapids, and Tuscon. However, larger cities such as New York, San Francisco, and Boston ranked in the middle in comparison to other metropolitan areas across the nation. In fact, all three of them showed a reduced rate of growth over the same period.

Read more about the nationwide changes in job growth at Philadelphia Business Journal by clicking here.

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