There were almost two unemployed Philadelphians per open job last year, according to a new report.
City Controller Alan Butkovitz released his latest monthly economic report for Philly on Tuesday. The report reveals that in November there were around 63,800 unemployed Philadelphians in comparison to 32,934 advertised online job openings in the city. The data shows an unemployed per job opening ratio of 1.94, meaning nearly two people competed for every one job.
Officials say Philly’s ratio ranks it 22 of the 67 counties in Pennsylvania for having the least number of unemployed per job opening. Philly ranks below Delaware (2.02) and Bucks (2.27) counties but not as low as Montgomery (1.06) and Chester (1.24) counties.
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In November of 2008, there were 1.44 unemployed Philadelphians competing for every job. The rate rose to 7.15 in November of 2009 however after the recession.
Butkovitz’s latest report also revealed that the latest monthly tax revenues for the City’s General fund totaled $158 million, a 4% drop from December of 2012. Monthly sales tax collections were at $21 million, a 4% drop from the year before. However, the report also revealed that yearly collections maintained a 3% increase over last year.