Business and Economy in Philadelphia, PA
Being a great place to live also means being a great place to work. A thriving economy helps the tax base (so there’s more money for city improvements) and helps a city attract and retain talent. The median household income in Philadelphia, PA, is $38,253, and check out the following articles to get an inside look at its key industries and job opportunities.
Community groups use Web-based crowdsourcing technology to fund local projects
Innovation is Greater Philadelphia's economic fuel. The 11-county region's ability to develop, attract and retain entrepreneurial talent is launching fast-growth companies like RJMetrics, Clutch, Vuzit and OneTwoSee.
Massive natural gas reserves embedded in western Pennsylvania’s shale formations are reshaping the mid-Atlantic’s energy economy and attracting new investment and job creation to Greater Philadelphia.
Energy innovators are flocking to Greater Philadelphia, where the energy industry thrives on strong public support, strategic partnerships and a ready market.
Greater Philadelphia's $388 billion economy is shaped by world-class research facilities, a highly educated workforce and superior infrastructure andincludes major industry segments in advanced manufacturing, ife-sciences and medical technology, health care, clean energy, finance, communications, and transportation and logistics.
RJMetrics, which helps online retailers analyze data, started in Greater Philadelphia because costs were lower than New York or Silicon Valley, where most of its competitors are based.
Greater Philadelphia is an economic force, a breeder reactor of innovation that has transformed the 11-county, three-state region into a highly diversified economic powerhouse.
Advanced manufacturing in Greater Philadelphia runs the gamut from toys to military aircraft, all made possible with a robust transportation system and a tech-savvy workforce.
The Greater Philadelphia region has a host of food production firms that furnish an array of products across the globe.
While employment opportunities often play a big part in why people move, a city’s unemployment rate also is a major indicator of an economy’s overall health. Regardless of whether personal employment is a factor, lower unemployment rates often mean a region is better able to attract and retain skilled workers, new industries and retailers. The statistics, here, should provide valuable insight into the health and diversity of Philadelphia’s economy.
Employment Rate in Philadelphia County, PA
Occupations in Philadelphia, PA
Employment in Philadelphia, PA
|Employment Armed Forces||0%|
|Employment Civilian Labor Force||59.7%|
|Employment Not in Labor Force||40.3%|
|Employment Total in Labor Force||59.7%|
Industry in Philadelphia, PA
|Agriculture, Forestry, Fishing and Hunting and Mining||0.2%|
|Transportation and Warehousing, and Utilities||5.3%|
|Finance and Insurance, and Real Estate and Rental and Leasing||6.1%|
|Professional, Scientific and Management and Administrative and Waste||11.6%|
|Educational Services and Health Care and Social Assistance||30.3%|
|Arts, Entertainment and recreation and Accommodation and food Services||10.1%|
|Other Services, Except Public Administration||4.8%|