Delco’s 5.0 Percent Unemployment Rate Lower than State Average

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The Pennsylvania Department of Labor & Industry and its Center for Workforce Information & Analysis recently released an employment situation report, and it speaks to how well Delco is doing relative to the other counties in the state.

Three of perhaps the biggest indicators of Delaware County’s prosperity are

  • Its per capita personal income is $55,313, while the rest of the state checks in at $47,679.
  • Its median household income is $64,174, while the rest of the state checks in at $53,115.
  • Its median family income is $81,973, while the rest of the state checks in at $67,521.

The most recent data also reveals that Delco’s unemployment rate is 5.0 percent, whereas the average in Pennsylvania is 5.3 percent. Only 14,500 people of the 290,800 people in the county’s workforce are jobless. The veteran unemployment rate in Delco (9.2 percent), however, is higher than the Pennsylvania average (8.1 percent).

The most unemployment compensation exhaustees in Delco work in the Education & Health Services sector (24.5 percent), and the second most are in Professional & Business Services (18.5 percent).

The entry-level and average wages in several major occupational groups are higher in Delco than they are in the rest of the commonwealth. For instance, the entry-level wage for Architecture and Engineering jobs, as well as management positions, is almost $8,000 higher in Delco.

Delaware County saw a huge uptick in the percentage of online jobs posted in the last year, with 9.6 percent, while the rest of the state had a modest increase of 0.5 percent.

The Top 10 employers in the county are Boeing, Crozer-Chester Medical Center, Delaware County, Villanova University, UPS, Amerihealth Mercy Services, Wawa, the federal government, SAP, and Elwyn.

Top photo credit: 20160216 Career Fair 0034 via photopin (license)

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