PA Unemployment Rate Declines to Six-Year Low 5.4% in October

HARRISBURG, Pa. – Yesterday, the Pennsylvania Department of Labor & Industry released its employment situation report for October 2014.

Pennsylvania’s unemployment rate declined by three-tenths of a percentage point from September to 5.4 percent — a six-year low. The commonwealth’s rate was four-tenths of a percentage point below the U.S. rate of 5.8 percent. The commonwealth’s rate was down by 1.7 percentage points from last October while the national rate declined by 1.4.

Pennsylvania’s civilian labor force increased by 15,000 in October. Resident employment was up 32,000 while unemployment was down 15,000.

Total nonfarm jobs were up by 12,600 to 5,802,300, the highest level since August 2008. The gain was mainly due to the private sector, which was up 15,200 to a record high of 5,085,400. Government jobs were down by 2,600. The largest movement in October was an increase of 5,500 jobs in trade, transportation & utilities.

Over the year, total nonfarm jobs in Pennsylvania were up 48,200 (+0.8%). The growth was almost entirely within private industries, with the largest gains in trade, transportation & utilities, other services, and education & health services.

For more information, visit the Department of Labor & Industry.

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