from Pennsylvania Department of Labor and Industry
Photo courtesy of Cytonn Photography on Unsplash
On Friday, Aug. 16, the Pennsylvania Department of Labor & Industry (L&I) released its preliminary employment situation report for July 2024.
Pennsylvania’s unemployment rate remained unchanged over the month at 3.4% in July. This was the 10th consecutive month at 3.4% and remained well under the U.S. unemployment rate, which rose by two-tenths of a percentage point from its June rate to 4.3%.
The Commonwealth’s unemployment rate was two-tenths of a percentage point above its record low July 2023 level of 3.2%, while the national rate was up eight-tenths of a percentage point over the year.
Pennsylvania’s civilian labor force – the estimated number of residents working or looking for work – was down 1,000 over the month to 6,602,000 in July. The decline was due to a drop in resident employment which also was down 1,000 from June.
Pennsylvania’s total nonfarm jobs were up 12,200 over the month to a record high of 6,191,000, setting the 12th consecutive record high for Pennsylvania’s jobs count. Jobs increased from June in six of the 11 industry supersectors. The largest supersector movement was a gain of 7,700 jobs in government. Education & health services reached a record high for the 14th consecutive month.
Over the year, total nonfarm jobs were up 105,000, with gains in eight of the 11 supersectors. Education & health services (+57,100) had the largest volume over-the-year gain among supersectors.
Note: The above data are seasonally adjusted. Seasonally adjusted data provide the most valid month-to-month comparison. July 2024 data are preliminary and subject to revision.
Additional information is available on the L&I website at www.dli.pa.gov or by following us on Facebook, Twitter, and LinkedIn.
The post Pennsylvania’s Unemployment Rate Remained at 3.4% in July appeared first on BCTV.
Source: bctv
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