As reported by the PA Department of Labor and Industry – Center for Workforce Information and Analysis (CWIA), the preliminary seasonally adjusted unemployment rate for the Allentown-Bethlehem-Easton Metro Area increased by 0.3% to 8.8% in July. The local rate continues to be higher than Pennsylvania’s rate of 7.9%.
The U.S. rate was 8.3%. Of the four counties in the MSA, Carbon County’s seasonally adjusted rate remained the highest at 9.9%. Lehigh County’s rate rose 0.3% to 8.8% and Northampton County’s rate rose 0.2% to 8.8%. More people entering the workforce (+3,700), employment only rising by 2,400 and more unemployed (+1,300) were the main reasons for the higher rate in the Metro Area.
Total A-B-E metro area employment (seasonally adjusted) is up by 9,700 over the past year. Jobs (seasonally adjusted) increased by 2,000 during the past month. Over the past year area jobs increased by 5,600 (+1.6%), 1.2% above the 0.4% gain for all of Pennsylvania
LVEDC provides access through our local, state and federal partners to numerous low-interest loan programs available to promote business expansion in the Lehigh Valley. Below are the current rates for some of the programs we administer. To learn more on how they can benefit your business, tell us more about your project.