PhillyInc: Philadelphia Has Gained Much, But Not Jobs

English: This is my own work, Public Domain Ph...

English: This is my own work, Public Domain Photograph, not copyrighted Ed Yakovich http://www.flickr.com/photos/10396190@N04 (Photo credit: Wikipedia)

Several macrotrends have broken Philadelphia’s way:  The city’s population is growing again.  Residential building is up, and the city has seen an influx of college-educated young adults over the last decade.

But one trend remains stubbornly negative, as three recent research reports make clear: The city continues to lose jobs. The latest such evidence was included in the Center City District’s “State of Center City, 2013” report, released Monday.

The special-services district can rightly brag about the increased vibrancy in the area wedged between the rivers and Vine and Pine Streets.  The city is cleaner since 1990, serious crime is down, and the churn in retail stores and restaurants is source of small-business strength.

Employment, though, remains a weakness, and if the long-term trend of job destruction does not change, it’s hard to imagine that the city could continue to maintain momentum in other areas.

Read more:  http://www.philly.com/philly/business/columnists/20130423_PhillyInc__Philadelphia_has_gained_much__but_not_jobs.html

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