Pennsylvania’s Unemployment Rate At 3.4% In February As Total Nonfarm Jobs Sets Seventh Straight Record High

Harrisburg, PA – The Pennsylvania Department of Labor & Industry (L&I) today released its preliminary employment situation report for February 2024.
 
Pennsylvania’s unemployment rate was unchanged over the month at 3.4% in February. This was the fifth consecutive month at 3.4%. The U.S. unemployment rate rose by two-tenths of a percentage point from its January rate, up to 3.9%.

The Commonwealth’s unemployment rate was three-tenths of a percentage point below its February 2023 level of 3.7%, while the national rate was up three-tenths of a percentage point over the year.

Pennsylvania’s civilian labor force – the estimated number of residents working or looking for work – was up 14,000 over the month due to growth in resident employment.

Pennsylvania’s total nonfarm jobs were up 5,800 over the month to a record high of 6,131,700. This was the seventh consecutive record high for Pennsylvania’s jobs count. Jobs increased from January in eight of the 11 industry supersectors with the largest gain in education & health services (+3,700), which rose to a record high.

Over the year, total nonfarm jobs were up 71,000 with gains in five of the 11 supersectors. Education & health services (+58,700) had the largest volume over-the-year gain among supersectors.

Note: The above data are seasonally adjusted. Seasonally adjusted data provide the most valid month-to-month comparison. February 2024 data are preliminary and subject to revision.
 
Additional information is available on the L&I website at www.dli.pa.gov or by following us on FacebookTwitter, and LinkedIn.

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Current Labor Force Statistics
Seasonally Adjusted
(in thousands)
Change from Change from
February January February January 2024 February 2023
2024 2024 2023 volume percent volume percent
PA
Civilian Labor Force 6,558 6,544 6,501 14 0.2% 57 0.9%
Employment 6,338 6,324 6,262 14 0.2% 76 1.2%
Unemployment 220 221 239 -1 -0.5% -19 -7.9%
Rate 3.4 3.4 3.7 0.0 —- -0.3 —-
U.S.
Civilian Labor Force 167,426 167,276 166,263 150 0.1% 1,163 0.7%
Employment 160,968 161,152 160,301 -184 -0.1% 667 0.4%
Unemployment 6,458 6,124 5,962 334 5.5% 496 8.3%
Rate 3.9 3.7 3.6 0.2 —- 0.3 —-
Note: March 2024 labor force and nonfarm jobs statistics will be released on April 19th, 2024.
Pennsylvania Nonagricultural Wage and Salary Employment
Seasonally Adjusted
(in thousands)
Change from Change from
February January February January 2024 February 2023
2024 2024 2023 volume percent volume percent
Total Nonfarm Jobs 6,131.7 6,125.9 6,060.7 5.8 0.1% 71.0 1.2%
Goods Producing Industries 846.8 846.1 853.0 0.7 0.1% -6.2 -0.7%
  Mining & Logging 23.0 23.0 23.2 0.0 0.0% -0.2 -0.9%
  Construction 257.4 256.8 262.4 0.6 0.2% -5.0 -1.9%
  Manufacturing 566.4 566.3 567.4 0.1 0.0% -1.0 -0.2%
Service Providing Industries 5,284.9 5,279.8 5,207.7 5.1 0.1% 77.2 1.5%
  Trade, Transportation & Utilities 1,133.7 1,134.6 1,142.6 -0.9 -0.1% -8.9 -0.8%
  Information 93.6 93.1 94.4 0.5 0.5% -0.8 -0.8%
  Financial Activities 342.4 342.2 338.8 0.2 0.1% 3.6 1.1%
  Professional & Business Services 836.2 836.1 842.8 0.1 0.0% -6.6 -0.8%
  Education & Health Services 1,352.5 1,348.8 1,293.8 3.7 0.3% 58.7 4.5%
  Leisure & Hospitality 570.8 568.9 556.8 1.9 0.3% 14.0 2.5%
  Other Services 259.5 261.1 255.7 -1.6 -0.6% 3.8 1.5%
  Government 696.2 695.0 682.8 1.2 0.2% 13.4 2.0%
For a more detailed breakdown of seasonally adjusted jobs data at the sector level, please contact the Center for Workforce Information & Analysis at 1-877-4WF-DATA, or visit www.paworkstats.pa.gov
Note: March 2024 labor force and nonfarm jobs statistics will be released on April 19th, 2024.
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