Lehigh Valley Job & Labor Market Information March 2017 Labor Market Highlights The PA Center for Workforce Information & Analysis (CWIA) monthly release for March 2017 reports a seasonally adjusted reduction of 0.6 percent in the labor force and a 0.4 percent decrease in the overall job gains compared to March last year. Compared to Last Year Unemployment Rate 5.0% Down 0.3 Percent Labor Force 342,300 Down 2,300 Employed 325,400 Down 800 Unemployed 17,000 Down 1,400 Total Jobs 362,900 Down 1,300 Largest Job Gain Trade, Transportation, and Utilities Up 3,800 Largest Job Decline Professional and Business Services Down 3,300 United States, Pennsylvania and Lehigh Valley Unemployment Rates March 2007-March 2017 Historically 5.0 percent unemployment rate is 0.9 percent higher than the lowest March unemployment rate of 4.1 percent registered in March 2007 and 4.5 percent lower than 9.5 percent recorded in March 2010. 1 Current Labor Market Conditions Lehigh Valley’s seasonally adjusted employment rate remained unchanged at 5.0 percent in March compared to February 2017. Both the state and national unemploymwnt rates declined by two-tenths of a point over the month; the state rate was down to 4.8 percent and the U.S. to 4.5 percent. Monthly Job Change March 2017 compared to February 2017 Six industry sectors reported month-over-month gains. Mining, Logging, and Construction recorded the largest job gains adding 500 jobs. Manufacturing and Education and Health Services both reported the second most job gains each adding 300 jobs. Government added 200 jobs with Leisure and Hospitality and Other services each adding 100 jobs. Two industry sectors did not register month-over-month change; Information, and Financial Activities. Two industry sectors reported month-over-month job losses. Professional and Business Services Trade, Transportation, and Utilities were both down 300 jobs. Yearly Job Change March 2017 compared to March 2016 Four industry sectors experienced year-over-year gains. Trade, Transportation, and Utilities experienced the greatest increase of 3,800 jobs with most of this growth coming from its gains in the Transportation and Warehousing subsector. Financial Activities added 400 jobs followed Manufacturing adding 200 jobs and Mining, Logging, and Construction adding 100 jobs. Two industry sectors did not register year-over-year change; Government and Information. Four industry sectors experience year-over-year losses. Other Services was down 300 jobs followed by Education and Health Services down 500 jobs. Leisure and Hospitality & Professional and Business Services exhibited the largest losses. Leisure and Hospitality was down 2,000 jobs from last year with Professional and Business Services down 3,300 jobs, with over half of this decrease being contributed by the Employment Services subsector. 2
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