Delaware Valley Lags in Post-Recession Private-Sector Jobs Growth

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Greater Philadelphia is behind in post-recession private-sector jobs growth compared to most other U.S. markets.

Greater Philadelphia is behind in post-recession private-sector jobs growth compared to most other U.S. markets, writes G. Scott Thomas for Philadelphia Business Journal.

Philadelphia and it surrounding area has only added around 130,000 private-sector jobs in the last decade, according to the data from the U.S. Bureau of Labor Statistics.

Out of the 67 metropolitan areas surveyed that contain at least 300,000 jobs in the private-sector, Philadelphia ranked 49th based on a comparison of total jobs for July 2007 with the same month this year.


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According to the data collected, Philadelphia increased its private-sector workforce by just 5.3 percent from 2,468,600 jobs in July 2007 to 2.6 million for the same month this year. This comparison of growth over the last decade is used as an indicator of how much any given market has recovered from the recession.

The top five metro markets all recorded growth rates of over 21 percent, while the bottom five are the only areas that have recorded a decrease in the number of private-sector jobs over the last decade.

The market with the highest growth was Austin with a 37.6 percent increase in the private-sector workforce, while Albuquerque anchors the ranking with a decrease of 2.6 percent.

Read more about private-sector job growth at Philadelphia Business Journal by clicking here.

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Top photo credit: BeSt Photography All along the watchtower via photopin (license)

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