Philly Employment Picture Improves

If you follow my blog, or any other real estate or business related blog for that matter, you probably have picked up on the fact that everyone is waiting to see when job creation will return to the economy. Well at least in Philadelphia it seems like we're already headed in the right direction. According to this article in the Philadelphia Business Journal Philly's unemployment rate dropped from 11.1% in October to 10.6% in November. That's still a bit higher than the national average, but we're showing good momentum, and my gut feeling is that we added just as many jobs around here in December and January as we did in November, so as new numbers come out don't be surprised if Philly catches up to the national average.