Recovery is progressing by nearly all measures: employment, hotel occupancy, retail and restaurant sales, transit ridership, pedestrian volumes and city tax collections are all up. Job recovery is slow but steady, though a few employment sectors are still lagging. Most significantly, Philadelphia’s unemployment rate fell to 4.7% in October, the lowest point since 1990 with almost 100,000 more city residents working in October than in April 2020.
For a narrative of trends, along with explanatory charts tracking the recovery, download the 12-page report at- Philadelphia's Economic Recovery Continues, December 2022.
