Research & Reports

Monitoring Philadelphia’s Economic Recovery

Job recovery has been slow but steady. Employment increased by 3,500 jobs in May to 674,800, restoring 34% of 114,400 jobs lost in 2020. The percent of office workers back at desks remains low among larger firms; smaller firms came back more quickly. Residents, tourists and shoppers have brought pedestrian volumes back to 62% of June 2019. SEPTA ridership is up; outdoor cafes are flourishing. After Labor Day, higher ed, major firms and performing arts will all be back.

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