Harrisburg-Carlisle MSA labor supply continues steady trajectory in Q2
- Local labor supply continues to grow, increasing by 2,177 workers from March to June.
- Despite supply increases, growth remains marginal with only a 0.9% increase year to date.
Regional employment affected by national trends:
- Local employment levels went against local trends for Q2, contracting by 348 positions from April to June 2024.
- Year-over Year, the region has consistently added an average of 3,000 residents during this period. National rises in the unemployment rate over the past four months can be attributed to this slowdown.
- Some economists are concerned that the Federal Reserve has waited too long to cut interest rates in response to the increase in unemployment.
- Nationally and at home, employment continued to trend up in health care, in construction, and in transportation and warehousing, while information lost jobs.
