Employment is booming in Greater Philadelphia.
The region has posted the largest job growth for the month of June out of the country’s metropolitan areas, writes Shelley Ng for Fox Business.
According to Glassdoor’s Job Market Report Opens a New Window, Philadelphia saw a year-over-year job growth of 6.3 percent. That is significantly above national average of 1.4 percent.
In June, there were 107,288 job openings in the metro area. Meanwhile, the median pay is $57,055.
Nationwide, the report also found 5.65 million reported job openings. This continues the trend of modest growth over the previous year, according to Glassdoor senior economist Daniel Zhao.
“The job market had a hot run in 2018, seeing annual growth in job openings at 9.8 percent,” said Zhao. “That annual growth has since slowed down to 2.2 percent so far in 2019.”
However, there is no cause for concern, at least for now.
“Although it seems like a stark change, the continued growth in jobs and pay seen in Glassdoor’s latest Job Market Report is a sign that the good times aren’t over yet,” said Zhao. “But after a decade-long recovery, today’s labor market is sluggish.”
Read more about job growth in Greater Philadelphia at Fox Business here.