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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 and most significantly, Philadelphia’s unemployment rate fell in October, to the lowest point since 1990.
On Tuesday, May 11, 2021, CPDC hosted a virtual membership meeting to review the annual report State of Center City 2021 and the most recent recovery report, Monitoring Philadelphia’s Economic Recovery, May 2021. Industry leaders discussed what is needed for continued recovery and getting office workers, visitors and tourists to return to offices, reanimate hotels and restore jobs in Center City Philadelphia.