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February 24, 2015 • A bi-weekly email news service

Correction
In yesterday’s Developments, we summarized a commentary essay that appeared in the Philadelphia Business Journal that contains the line “For every worker in Center City Philadelphia, there are 0.7 jobs; for every worker in the suburbs, there are 1.7 jobs.” We should have double-checked those numbers before we passed the story along. There are 280,000 wage and salary jobs in Greater Center City. The American Community Survey estimates the residential labor force in Greater Center City to be 70,000. That’s a jobs-to-worker ratio of 4-to-1, not 0.7-to-1. Public transit and regional highways create the opportunity for neighborhood and regional residents to commute into Center City and they hold the balance of those jobs. Citywide, there are approximately 800,000 jobs and a labor force of 720,000 - that’s a ratio of 1.1 jobs per worker. In the suburban counties, there are approximately 2.6 million jobs and a labor force of 2.4 million, which also works out to about 1.1 jobs per worker. The bottom line remains: Philadelphia needs to grow more jobs.