Following corrections in the local job market following several business closings and notable layoffs in late 2012, and a decrease in local job opportunities following the holiday season, the unemployment rate in the Oil Region dropped significantly in the month of February.
In Venango County, where an estimated 26,200 people were without jobs, the unemployment rate for February was listed at 8.3 percent, down from 9.5 percent in January. That rate is just about halfway between Venango’s jobless numbers for November (7.8) and December (8.8).
Clarion County’s unemployment rate in February was 9.1 percent, down from 9.8 percent, and in Crawford County, the jobless figure dropped from 8.5 percent to 7.5 percent.
Warren County showed an unemployment figure of just 6.4 percent, down from 7.2 percent. Forest County’s number stood at 9.7 percent, but that figure was a drop from 11.0 percent in January. In Mercer County, unemployment in February fell from 9.9 percent to 8.9 percent.
The statewide unemployment figure for February was 8.1 percent, and the national jobless rate was listed at 7.7 percent.