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East Montgomery Times

Friday, November 15, 2024

Philadelphia County business licenses issued in week ending May 20 compared to previous week

Genbusiness010

There were three business licenses issued in Philadelphia County County in the week ending May 20 in Pennsylvania, according to the Pennsylvania Department of State.

This is a 200 percent increase over the previous week when there was one license 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 20Issued in week ending May 13Percentage change (%)
Allegheny County110%
Chester County20-
Philadelphia County31200%

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