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The Scranton/Wilkes-Barre MSA’s unemployment rate decreases to 5.9 percent

02.21.15

FEBRUARY 2015, Scranton/Wilkes-Barre/Hazleton Edition of The Union News

MSA’s unemployment rate decreases to 5.9 percent

BY PAUL LEESON
THEUNIONNEWSSWB@AOL.COM

REGION, February 4th- The Scranton/Wilkes-Barre Metropolitan Statistical Area (MSA) decreased by one-tenth of a percentage point from the previous month to 5.9 percent. The MSA continues to have the highest unemployment rate among the 14 MSA’s within Pennsylvania but the current unemployment rate is the lowest it has been since May 2008 when it was at 5.8 percent. The MSA has had the highest unemployment rate within Pennsylvania consecutively for more than six and half years.

The last report was released approximately one month before. The Metropolitan Statistical Area includes Luzerne, Lackawanna and Wyoming Counties of Pennsylvania. Twelve months ago the unemployment rate for the region was 8.4 percent.

The biggest reason the MSA’s unemployment has decreased during the past year is because of the decline of the workforce, not because the job market has improved much. The MSA’s civilian labor-force was 278,800 twelve months ago but currently the labor-force is at 274,200. One year ago there were 255,400 civilians employed within the MSA while currently there are 258,000 employed within the civilian workforce.

The unemployment rate in Pennsylvania is 4.8 percent, decreasing by three-tenths of a percentage point from the previous month. Pennsylvania has a seasonally adjusted civilian labor force of 6,367,000 with 309,000 not working. Pennsylvania has 6,058,000 civilians with employment. Pennsylvania’s unemployment rate decreased by two full percentage points over the past twelve month.

Meanwhile, the nation’s unemployment rate was reported to be at 5.6 percent, dropping by two-tenths of a percentage point from the previous report and decreasing by one and one-tenth of a percentage point from twelve months ago.

The Johnstown MSA has the second highest unemployment rate at 5.7 percent, the Philadelphia MSA has the third highest unemployment rate at 5.5 percent while the Allentown/Bethlehem/Easton MSA has the fourth highest unemployment rate in the state at 5.2 percent.

The State College MSA has the lowest unemployment rate in Pennsylvania at 3.8 percent. The Lancaster MSA and the Lebanon MSA are tied for the second lowest at 3.9 percent while the Harrisburg MSA has the third lowest unemployment rate in Pennsylvania at 4.2 percent.

The Scranton/Wilkes-Barre MSA has the fifth largest labor-force in Pennsylvania with 274,200 civilians. There are 16,100 civilians without employment, decreasing by 400 from the previous report. The Philadelphia MSA has the largest labor-force in Pennsylvania at 2,974,900 with 163,400 not working; the Pittsburgh MSA has the second largest labor-force at 1,241,700 with 57,500 without jobs; and the Allentown/Bethlehem/Easton MSA has the third largest labor-force at 426,300 with 22,300 not working.

The Williamsport MSA has the smallest labor-force in Pennsylvania with 63,100 civilians and 3,200 of them have no jobs. The Altoona MSA has the second smallest labor-force with 64,100 civilians with 2,900 without employment and the Johnstown MSA is third with a labor-force of 65,200 and 3,700 of them are not working.

Wyoming County has the lowest unemployment in the MSA at 5.7 percent, increasing by three-tenths of a percentage point from the previous report and dropping by two and four-tenths of a percentage point from twelve months before. Wyoming County has 800 civilians of their work-force without jobs.

Luzerne County has the highest unemployment rate within the MSA at 6.2 percent, unchanged from the previous report and dropping by two and seven-tenths of a percentage point from one year before. Luzerne County has 9,800 civilians without employment.

Lackawanna County’s unemployment rate is 5.9 percent, rising by one-tenth of a percentage point from the previous report. There are 6,200 Lackawanna County residents reported to be unemployed.