Title
Authorizing the Committee on Commerce and Economic Development to hold hearings to assess the City of Philadelphia's workforce development efforts and existing barriers to employment, and to evaluate job creation and workforce development as strategies to eliminate poverty for Philadelphians.
Body
WHEREAS, Philadelphia's strength as a City is rooted in its people, and the City's economic future depends on whether all residents have a fair opportunity to access employment that provides stability, dignity, and pathways to advancement; and
WHEREAS, Philadelphia's local economy supported an estimated 791,400 jobs as of December 2024, reflecting growth of nearly 19,000 jobs over the prior year, with education and health services and leisure and hospitality experiencing the largest sector gains, sectors that are critical to both entry-level employment and long-term career pathways; and
WHEREAS, Philadelphia's unemployment rate stood at 4.5% in 2024 and remained below 5% for the second consecutive year, signaling continued recovery and labor-market strength; and
WHEREAS, Philadelphia's median household income increased to $60,302 in 2023, demonstrating modest economic progress, yet remains significantly below the national median household income of $77,719, underscoring persistent income gaps and the ongoing need to connect residents to quality jobs that offer living wages, benefits, and opportunities for advancement; and
WHEREAS, Philadelphia remains a City driven by small businesses, which account for more than 92% of all firms in the region, making access to a reliable, prepared workforce essential not only to individual business success but also to the City's overall economic competitiveness and neighborhood vitality; and
WHEREAS, Reports on economic stability and mobility indicate that many Philadelphia residents are primarily focused on achieving basic financial stability, such as meeting housing, food, healthcare, and utility costs, before they are ...
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