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Old 12-11-2014, 11:39 AM
 
Location: Philadelphia, PA
8,700 posts, read 14,685,355 times
Reputation: 3668

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Philadelphia's Unemployment Rate drops to 6.6%

Quote:
Philadelphia's unemployment rate dropped to 6.6 percent in October 2014, a 3.3 percent drop from October 2013, according to the mayor's office citing figures from the U.S. Bureau of Labor Statistics.

The unemployment rate is the city's lowest since April 2008. After adding 8,500 jobs during the month, the number of people employed in Philadelphia is 672,500 — the highest point for an October since 2000
Philadelphia's unemployment rate drops to 6.6 percent - Philadelphia Business Journal
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Old 12-12-2014, 02:49 PM
 
8 posts, read 6,990 times
Reputation: 10
Good.
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Old 12-13-2014, 07:25 AM
 
Location: New York City
1,943 posts, read 1,486,640 times
Reputation: 3316
The unemployment rate dropped, but was it quality paying jobs that were added or low paying service jobs?
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Old 12-14-2014, 11:16 AM
 
Location: New York City
9,377 posts, read 9,317,445 times
Reputation: 6484
Quote:
Originally Posted by MB1562 View Post
The unemployment rate dropped, but was it quality paying jobs that were added or low paying service jobs?
Most likely low paying service jobs, because an unemployment at 6.6% yet the poverty rate is at 26%... that correlation does not match.
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Old 12-14-2014, 06:19 PM
 
156 posts, read 193,474 times
Reputation: 283
Quote:
Originally Posted by cpomp View Post
Most likely low paying service jobs, because an unemployment at 6.6% yet the poverty rate is at 26%... that correlation does not match.
Still much better than nothing, though.
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Old 12-14-2014, 07:25 PM
 
Location: back in Philadelphia!
3,264 posts, read 5,648,898 times
Reputation: 2146
Quote:
Originally Posted by cpomp View Post
Most likely low paying service jobs, because an unemployment at 6.6% yet the poverty rate is at 26%... that correlation does not match.
The poverty rate in Manhattan (~20%) is 4x the unemployment rate there, too. Just saying, this is not a weird or unusual thing.
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Old 12-20-2014, 12:43 AM
FBJ
 
Location: Tall Building down by the river
39,605 posts, read 58,989,104 times
Reputation: 9451
Quote:
Originally Posted by That Guy You Met Once View Post
Still much better than nothing, though.
it's not better than nothing if you are only working to pay bills and unable to

1. save money

2. go out and fun
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Old 12-20-2014, 09:07 AM
 
178 posts, read 258,092 times
Reputation: 113
Quote:
Originally Posted by MB1562 View Post
The unemployment rate dropped, but was it quality paying jobs that were added or low paying service jobs?
They were poverty level jobs. Minimum wage. You can infer that by looking at median household income. It keeps falling and falling.
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Old 12-20-2014, 12:00 PM
FBJ
 
Location: Tall Building down by the river
39,605 posts, read 58,989,104 times
Reputation: 9451
Quote:
Originally Posted by Leon2014 View Post
They were poverty level jobs. Minimum wage. You can infer that by looking at median household income. It keeps falling and falling.
Then that means the 6.6% is nothing to celebrate
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Old 12-20-2014, 01:43 PM
 
Location: back in Philadelphia!
3,264 posts, read 5,648,898 times
Reputation: 2146
Quote:
Originally Posted by FBJ View Post
it's not better than nothing if you are only working to pay bills and unable to

1. save money

2. go out and fun
So you're saying that not saving money, not going out, AND not paying bills is better than that?
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