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East Montgomery Times

Saturday, September 21, 2024

50% less Philadelphia County business licenses issued in October compared to previous month

Genbusiness001

There was one business license issued in Philadelphia County in October in Pennsylvania, according to the Pennsylvania Department of State.

This is a 50 percent decrease from the previous month 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 Month

CountyIssued in OctoberIssued in SeptemberPercentage change (%)
Allegheny County12-50%
Armstrong County110%
Berks County10-
Centre County10-
Philadelphia County12-50%

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