The Philadelphia region has gained more than 130,000 jobs since 2008
The City of Philadelphia and the surrounding clusters of Delaware, New Jersey, and Pennsylvania have all surpassed their 2008 job levels.
January 23, 2019
- The City of Philadelphia and the surrounding clusters of Delaware, New Jersey, and Pennsylvania counties within its Metropolitan Statistical Area (MSA) have all surpassed their 2008 job levels. The latest numbers show 130,584 more jobs in 2018 than existed a decade ago. The city recovered first, exceeding its 2008 count in 2014. Northern Delaware followed in 2015. It took the PA suburbs until 2016 to exceed their 2008 basis, and Southern New Jersey did not exceed its 2008 tally until 2017. Nevertheless, every corner of the region has now eclipsed its pre-recessionary peak.
- Of these net new jobs, the city is home to 53,603 of them (41 percent of the increase). The PA suburbs have grown by nearly as much, with an increase of 49,814 (38.1 percent of the total gain). New Jersey and Delaware welcomed 17,246 and 9,921 net new jobs, respectively (13.2 and 7.6 percent of the gain).
- The city’s gains are notable in terms of speed (recovering sooner than the rest of the region) and growth (more than doubling the percentage gains of any other area within the region), but it has not gained much ground in terms of the share of regional jobs it contains. In fact, the geography of employment has not shifted significantly in the past decade. In 2008, the Pennsylvania suburbs accounted for 45.5 percent of regional jobs. The latest 2018 numbers show that this number is now 45.1 percent, while the city’s share has ticked up slightly from 23.9 to 24.7 percent.
Source: JLL Research, U.S. Bureau of Labor Statistics