One in ten out of work in Philly

Pennsylvania's Department of Labor and Industry put out a report yesterday with a minuscule piece of good news. The unemployment rate for our larger region, encompassing Philadelphia, the surrounding Pa. counties, Camden and its nearby counties and parts of Delaware and Maryland, dropped by one percentage point to 8.5 percent in July. Nice reading, but close to meaningless.It probably reflects a diminishing labor pool as people leaving the job market in desperation. You really need to see some movement for it to matter, but any glimmer will do...

Philadelphia is hurting the most with more than one in 10 unemployed.  It's now up to 10.3 percent from 7.1 percent a year ago. Lowest among the four suburban counties is Chester, with a 6.5 percent unemployment rate. The others are 7.4 percent in Bucks, 7.6 percent in Delco and 7.1 percent in Montgomery County.

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