Pennsylvania Unemployment Rate Drops to Record-Breaking 4.0 Percent in October :: exploreClarion.com

Sign text closeup for help wanted with red and whiteHARRISBURG, Pa. – The Pennsylvania Department of Labor and Industry (L&I) released its preliminary October 2022 jobs report earlier this week.

Pennsylvania’s unemployment rate fell a tenth of a percentage point during the month to 4.0 percent in October, a new record low. The US unemployment rate rose two-tenths of a percentage point to 3.7 percent for the month. The Commonwealth unemployment rate was 1.6 percentage points lower than in October 2021 and the national rate fell by 0.9 percentage points over the year.

“As Pennsylvania’s unemployment rate has fallen to 4.0 percent for the first time, this is a historic opportunity to reflect on the critical worth of every single worker in the Commonwealth. Individually, we work to pursue our passions and support our families. Overall, Pennsylvania workers are the engine of a world-class economy,” said L&I Secretary Jennifer Berrier. “A low unemployment rate is an excellent economic indicator, but our work is far from over. We must remain vigilant in our efforts to invest in expanding our workforce, developing a skilled workforce that meets the needs of Pennsylvania employers, and attracting a talented workforce to the Commonwealth.”

Pennsylvania’s civilian labor force — the estimated number of residents working or looking for work — increased by 2,000 during the month. The number of employed rose by 8,000 (to 6,193,000) while unemployment among residents fell by 6,000 (to 258,000).

Pennsylvania’s total nonfarm jobs rose 10,400 for the month to 6,009,500 in October, the first time it has surpassed 6 million jobs since the recovery began. Jobs rose in 8 of the 11 industrial supersectors as of September. The largest increase was in the leisure and hospitality sector (+3,800). Trade, transport and supplies rose to record levels. During the year, non-farm payrolls grew by 195,200, with gains in 10 of the 11 supersectors.

From April 2020 to October 2022, Pennsylvania has recovered about 92% of the jobs lost in the first two months of the pandemic. Three Supersectors – Trade, Transportation and Utilities; Information; and Professional & Business Services – were above their pre-pandemic employment levels in October 2022.

Additional information is available on the L&I website at www.dli.pa.gov.

Note: The above data are seasonally adjusted. Seasonally adjusted data provide the most meaningful monthly comparison. September dates are preliminary and subject to revision.

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