- Greater Philadelphia’s economy is more knowledge-based than ever before.
- Highly skilled workers now make up 43 percent of the region's total employment (from industries such as education and health services, professional and business services, financial activities and information technology).
- In 1990, the manufacturing sector accounted for 13.7 percent of total non-farm employment in the region; by 2005 the sector’s employment share had fallen to 7.9%. By contrast, in 1990 the private, services-providing sectors had 67.5% of the region’s total employment, by 2005 these sectors accounted for 73.7 percent of total employment due primarily to the rising importance of the knowledge economy.
- Greater Philadelphia's annual non-farm employment during 2005 averaged 2.9 million workers, fourth largest among the U.S.'s ten largest metro areas based on their July 1, 2004 total population.
- The growth rate is well above the 0.7 percent annual growth rate between 1990 and 2006.
Source: Complied by Select, Employment numbers from Greater Philadelphia Chamber of Commerce, Major Employees Directory, 2005.
To see further employment trends within the Greater Philadelphia region, visit:
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