Philadelphia’s Education and Medical Economy Leads The Region’s Employment Growth

Health and education jobs surpass Philly region prepandemic report

After losing nearly 520,000 nonfarm jobs peak-to-trough in 2020, the Philadelphia region continues to surpass pre-pandemic employment levels with two industries leading the way: education and health services, and professional and business services. 

The metropolitan area’s 5.2% job growth in 2022 exceeded the national growth rate of 4.3% and put the region back on course. Anchored by over 100 higher education institutions as well as leading health systems such as Penn Medicine and the Children’s Hospital of Philadelphia, the Philadelphia region has long been touted as an “eds and meds” economy. Jobs in education and health services have consistently trended upward since 1990, except for 2020 when the coronavirus pandemic began. 

*Article courtesy of Costar

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