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East Montgomery Times

Saturday, September 21, 2024

Philadelphia County sees 50% decrease in number of business licenses issued in week ending May 13

Genbusiness002

There was one business license issued in Philadelphia County County in the week ending May 13 in Pennsylvania, according to the Pennsylvania Department of State.

This is a 50 percent decrease from the previous week when there were two licenses issued.

Pennsylvania suffered a surge of unemployment and business closures due to the COVID-19 pandemic.

The average annual unemployment rate in the state more than doubled in 2020 to 9.1 percent. This was the highest annual unemployment rate in Pennsylvania since 2003. Since then, the unemployment rate has been decreasing, reaching 4.3 percent in early 2023.

Comparison of business licenses issued by County and Week

CountyIssued in week ending May 13Issued in week ending May 6Percentage change (%)
Allegheny County10-
Philadelphia County12-50%

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