Georgia Gaming Market Assessment - Pennsylvania Treasury
Georgia Gaming Market Assessment - Pennsylvania Treasury
Georgia Gaming Market Assessment - Pennsylvania Treasury
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Regional Labor Force<br />
The recession has caused a decline in state and national economies. Seasonally adjusted<br />
employment figures, which calculate an adjustment for normal fluctuations in employment due<br />
to the time of year, were gathered for <strong>Pennsylvania</strong> and the US to compare month over month<br />
trends. The peak month of employment was April 2008, when over 6.1 million people were<br />
employed in <strong>Pennsylvania</strong>. Employment declined steadily thereafter, bottoming out in August<br />
2010 at 5.78 million. This represents a significant drop of 5.36%, which is less than a drop than<br />
the US which saw a decrease of 6.06%. As of April 2011, the number of employed in<br />
<strong>Pennsylvania</strong> had increased to nearly 5.9 million. This is still a decline of 3.75% since April<br />
2008, but it represents a 1.70% increase since August 2010. The US has only recovered by<br />
1.12%, which puts the overall decline at 5.01%. The following table compares the regional<br />
employment picture with national trends:<br />
The Innovation Group Project #054-11 August 2011 Page 10
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