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6/20/2014

PA Unemployment Rate Declines in May to Five-Year Low of 5.6%; Private Jobs at Record High

News for Immediate Release

June 20, 2014

PA Unemployment Rate Declines in May to Five-Year Low of 5.6%; Private Jobs at Record High

Harrisburg – Today, the Pennsylvania Department of Labor & Industry released its employment situation report for May 2014.

Pennsylvania’s seasonally adjusted unemployment rate declined by one-tenth of a percentage point in May to 5.6 percent, the lowest rate since September 2008. The commonwealth’s rate was seven-tenths of a percentage point below the U.S. rate of 6.3 percent, which was unchanged from April. The state rate was down 1.9 percentage points from its May 2013 rate of 7.5 percent.

Pennsylvania’s civilian labor force – the number of people working or looking for work – was down 12,000 in May to 6,431,000. Resident employment, down 6,000, declined for the first time after eight consecutive gains while unemployment (-5,000) declined for the 10th straight month.

Total nonfarm jobs increased by 24,700 in May to reach 5,794,900, the highest level since September 2008. The majority of the gain was within the private sector, which added 21,700 jobs to reach a record high of 5,078,000 while public sector jobs were up by 3,000. The largest gain was in leisure & hospitality, which reached a record high of 550,000 jobs. Education & health services and professional & business services also both reached record high levels in May.

Over the year, total nonfarm jobs in Pennsylvania were up 62,400 (+1.1%). The growth was primarily within private industries, with the largest gains in leisure & hospitality and professional & business services.

Note: The above data are seasonally adjusted. Seasonally adjusted data provide the most valid month-to-month comparison.

Media Contact: Sara Goulet, 717-787-7530

Editor's Note: A breakdown of Pennsylvania's employment statistics follows.

 

Current Labor Force Statistics

Seasonally Adjusted

(in thousands)

 

Change from                                                                             Change from

May                                   April            May   April 2014                May 2013

2014                                  2014           2013       volume         percent    volume       percent

PA

Civilian Labor Force           6,431          6,443          6,474               -12       -0.2%              -43       -0.7%

Employment                      6,069          6,075          5,986                 -6       -0.1%               83        1.4%

Unemployment                     363             368             488                 -5       -1.4%            -125     -25.6%

Rate                                     5.6              5.7              7.5              -0.1           ----             -1.9           ----

 

U.S.

Civilian Labor Force       155,613       155,421       155,609              192        0.1%                4        0.0%

Employment                  145,814       145,669       143,919              145        0.1%          1,895        1.3%

Unemployment                  9,799          9,753        11,690                46        0.5%         -1,891     -16.2%

Rate                                     6.3              6.3              7.5               0.0           ----             -1.2           ----

 

 

 

Pennsylvania Nonagricultural Wage and Salary Employment

Seasonally Adjusted

(in thousands)

Change from                                                                                      Change from

May                                                     April         May April 2014             May 2013

2014                                                    2014        2013     volume       percent  volume    percent

 

Total Nonfarm Jobs                           5,794.9    5,770.2    5,732.5         24.7     0.4%         62.4     1.1%

 

Goods Producing Industries                832.8       828.7       824.8           4.1     0.5%           8.0     1.0%

Mining & Logging                                   37.5         36.5         35.9           1.0     2.7%           1.6     4.5%

Construction                                         236.8       234.6       225.5           2.2     0.9%         11.3     5.0%

Manufacturing                                       558.5       557.6       563.4           0.9     0.2%          -4.9    -0.9%

 

Service Providing Industries             4,962.1    4,941.5    4,907.7         20.6     0.4%         54.4     1.1%

Trade, Transportation & Utilities           1,108.2    1,107.4    1,100.9           0.8     0.1%           7.3     0.7%

Information                                             85.8         86.2         88.2          -0.4    -0.5%          -2.4    -2.7%

Financial Activities                                316.0       314.7       312.3           1.3     0.4%           3.7     1.2%

Professional & Business Services          761.6       759.2       747.8           2.4     0.3%         13.8     1.8%

Education & Health Services               1,167.9    1,162.0    1,155.2           5.9     0.5%         12.7     1.1%

Leisure & Hospitality                             550.0       543.2       529.9           6.8     1.3%         20.1     3.8%

Other Services                                      255.7       254.9       252.0           0.8     0.3%           3.7     1.5%

Government                                          716.9       713.9       721.4           3.0     0.4%          -4.5    -0.6%

                                                                                                                                         

                                                                                                                                                   

For a more detailed breakdown of seasonally adjusted jobs data at the sector level, please contact the

Center for Workforce Information & Analysis at 1-877-4WF-DATA, or visit www.paworkstats.pa.gov

                                                                                                                                                   

Note: June 2014 labor force and nonfarm jobs statistics will be released July 18, 2014.​

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