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Lehigh Valley Economic Development Corporation

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Lehigh Valley Job & Labor Market Outlook

As reported by the Pennsylvania Department of Labor and Industry – Center for Workforce Information and Analysis (CWIA), the preliminary seasonally adjusted unemployment rate for the Allentown-Bethlehem-Easton (A-B-E) Metro Area increased by 0.1% to 6.4% in March 2014. The local rate continues to be higher than Pennsylvania’s rate of 6%.

The U.S. rate was 6.7%. Of the four counties in the metropolitan statistical area, Carbon County’s seasonally adjusted rate remained the highest at 7%. Lehigh County’s rate rose 0.3% to 6.5% and Northampton County’s rate rose 0.1% to 6.7%. A total of 1,600 people entered the workforce while measured employment rose by 1,900 combined to yield the lower unemployment rate in the A-B-E Metro Area. The workforce is now 6,300 lower than it was a year ago.

Total A-B-E Metro Area employment (seasonally adjusted) is up by 1,300 over the past year. Jobs (seasonally adjusted) increased by 1,400 during the past year to 345,500. Over the past year area total A-B-E jobs increased 0.5% compared to 0.3% growth for all of Pennsylvania.

Current Job & Labor Market Outlook from Lehigh Valley Workforce Investment Board

LVEDC Loans & Interest Rates

Details Here

Type Rate Date
PIDA 2.5% 7/3/14
SBA 504 5.07% (20 years) 7/3/14
SBFF 3.5% 7/3/14
MELF 3.5% 7/3/14