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East Montgomery Times

Friday, November 15, 2024

33.3% more Philadelphia County business licenses issued in week ending May 27 compared to previous week

Genbusiness002

There were four business licenses issued in Philadelphia County County in the week ending May 27 in Pennsylvania, according to the Pennsylvania Department of State.

This is a 33.3 percent increase over the previous week when there were three 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 27Issued in week ending May 20Percentage change (%)
Bucks County10-
Philadelphia County4333.3%
York County10-

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