Monthly Jobs Report: Philadelphia Unemployment Continues to Decline

According to the most recent monthly jobs report, the seasonally adjusted Philadelphia unemployment rate for December was 4.7 percent, a 0.3 percent decrease from the month prior. In December, 5,800 nonfarm jobs were added on a seasonally adjusted basis, bringing the total number of jobs in the area to a record high of 2,840,800.

Across the state of Pennsylvania, the seasonally adjusted unemployment rate in December was 4.8 percent, the lowest it’s been since February 2008. The state added 9,800 nonfarm jobs on a seasonally adjusted basis during the same reporting period.

What does these numbers mean for employers trying to staff Philadelphia jobs?

According to Robert Half Regional Vice President Stephanie Naznitsky, employers need to work harder than ever to make their companies attractive to top prospects. “In the current market, skilled candidates are receiving multiple job offers. The declining Philadelphia unemployment rate and increasing number of open positions have put talent at a premium,” she says. She notes that employers should be prepared to offer a competitive starting salary, but should also emphasize less-conventional benefits like employee recognition programs and professional development opportunities.

Because skilled professionals are in such demand, Naznitsky also encourages managers to be prepared for a lengthier hiring process and to plan accordingly so that day-to-day operations don’t experience a dip in productivity.

“With the Philadelphia unemployment rate continuing to drop, it may take longer than anticipated to staff job openings,” Naznitsky says. She advises employers to keep a careful eye on their teams’ workloads and take action when the strain becomes too much. “If resources are spread thin during hiring, consider working with a temporary staffing firm to ease the burden on your current employees throughout the recruitment process,” she says.

Are you looking for top talent in the Philadelphia jobs market? Your local Robert Half recruiter can help. Call (855) 399-4842 today.