Research & Reports

Monitoring Philadelphia’s Economic Recovery

Philadelphia has continued its slow but steady job recovery in September, led by growth in educational services, leisure, hospitality and government and supplemented by the gradual return of office workers. As a result, the unemployment rate declined. Rising transit ridership, parking occupancy and pedestrian volumes reflect the full return of colleges and universities, the reopening of performing arts venues, the steady return of tourists, convention attendees, regional shoppers and the partial return office workers. With the holiday shopping season just beginning and, assuming no recurring health crises, the recovery will accelerate.

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