Transportation and Logistics Market in Philadelphia, PA

Philadelphia is the center of Pennsylvania's economic activity and the headquarters of five Fortune 1000 companies within the city limits. As of 2019, Philadelphia's metropolitan area is estimated to produce $ 490 billion (GMP) capital expenditure, an increase from $ 445 million calculated by the 2017 Bureau of Economic Analysis, representing The eighth largest US economy in the metropolitan area.

Philadelphia's economic sectors include financial services, health care, biotechnology, information technology, trade and transportation, manufacturing, oil refining, food processing, and tourism. Financial services cover a major sector of the metropolitan area, which is one of the largest health education institutions and research centers in the United States. Philadelphia's annual unemployment rate was 7.8% in 2014, down from 10% last year. This is higher than the national average of 6.2%. Similarly, the level of new jobs added to the city's economy lagged behind national job growth. In 2014, about 8,800 jobs were added to the city's economy. The sectors with the largest number of additional jobs are education and health care, recreation and hospitality, and professional and business services. Decreases have been seen in the city's manufacturing and government sectors.