Office & Employment

Philadelphia continues its slow, steady though uneven recovery. By April, payroll employment citywide rose to 95.6% of February 2020 levels, compared to 99.2% in the nation. The lagging pace reflects the slow rebound in leisure and hospitality employment and the ripple effects of remote work on those jobs that rely on the presence of other workers. Still, the unemployment rate continues to decline and the volume of office workers in Center City continues to rise.

This CCD, CPDC report examines business density and the disparities between the number of Black-owned and white-owned businesses in Philadelphia and compares them to four other East Coast cities.

Center City Philadelphia Developments 2021 is an in-depth report on current and upcoming major projects in Center City. The report includes a map and full-color photos or renderings and project descriptions of all 63 major developments in Center City Philadelphia, categorized by type. An interactive map features all of the developments found within the publication.

After decades of job loss, Philadelphia has enjoyed nine straight years of job growth that accelerated in 2014. Despite the recent upturn however, the city has rebounded more slowly than most peer cities.

This report highlights the direct relationship between Philadelphia’s antiquated tax policy, slow job growth and high poverty rate and suggests a path to more robust, citywide growth.

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