from Pennsylvania Department of Labor & Industry
On Friday, Sept. 20, the Pennsylvania Department of Labor & Industry (L&I) released its preliminary employment situation report for August 2024.
For the 11th consecutive month, Pennsylvania’s unemployment rate in August remained unchanged over the month at 3.4%. The rate remained well under the U.S. unemployment rate, which fell by one-tenth of a percentage point from its July rate to 4.2%.
The Commonwealth’s unemployment rate was one-tenth of a percentage point above its August 2023 level of 3.3%, while the national rate was up four-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 22,000 over the month to 6,581,000 in August. Resident employment (-20,000) accounted for the majority of the labor force decline.
Pennsylvania’s total nonfarm jobs were up 8,000 over the month to a record high of 6,200,000, setting the 13th consecutive record high for Pennsylvania’s jobs count. Jobs increased from July in seven of the 11 industry supersectors. The largest supersector movement was a gain of 4,500 jobs in education & health services which reached a record high for the 15th consecutive month.
Over the year, total nonfarm jobs were up 102,600, with gains in nine of the 11 supersectors. Education & health services (+59,600) had the largest volume over-the-year gain.
Additional information is available on the L&I website at www.dli.pa.gov or by following us on Facebook, Twitter, and LinkedIn.
| Current Labor Force Statistics | |||||||
| Seasonally Adjusted | |||||||
| (in thousands) | |||||||
| Change from | Change from | ||||||
| August | July | August | July 2024 | August 2023 | |||
| 2024 | 2024 | 2023 | volume | percent | volume | percent | |
| PA | |||||||
| Civilian Labor Force | 6,581 | 6,603 | 6,517 | -22 | -0.3% | 64 | 1.0% |
| Employment | 6,358 | 6,378 | 6,305 | -20 | -0.3% | 53 | 0.8% |
| Unemployment | 223 | 224 | 213 | -1 | -0.4% | 10 | 4.7% |
| Rate | 3.4 | 3.4 | 3.3 | 0.0 | —- | 0.1 | —- |
| U.S. | |||||||
| Civilian Labor Force | 168,549 | 168,429 | 167,840 | 120 | 0.1% | 709 | 0.4% |
| Employment | 161,434 | 161,266 | 161,500 | 168 | 0.1% | -66 | 0.0% |
| Unemployment | 7,115 | 7,163 | 6,340 | -48 | -0.7% | 775 | 12.2% |
| Rate | 4.2 | 4.3 | 3.8 | -0.1 | —- | 0.4 | —- |
| Note: September 2024 labor force and nonfarm jobs statistics will be released on Oct. 18. | |||||||
The post Pennsylvania’s Unemployment Rate Remains at 3.4% in August, Total Non-Farm Jobs Hits Record High appeared first on BCTV.
Source: bctv