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Jobs are back, salaries are rising, Center City’s population continues growing, conventions, tourism and retail are all rebounding, and pedestrian vitality is almost fully restored in many portions of the downtown. Office vacancy, however, is rising, challenged by a partial return to office and reinforced by a wage tax that encourages suburban residents to remain remote.
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.
What will it take to restore all jobs and sidewalk vitality? What has CCD been doing to advance our progress and what more can business, civic and political leaders do to achieve a truly inclusive recovery? Read the summer Digest newsletter to learn more about a recommended agenda for inclusive recovery.
New report documents how Philadelphia’s antiquated tax structure restrains job growth and hinders the reduction of poverty, while limiting funding for education.
As a preview of this year's State of Center City report, a look at Philadelphia's population changes.