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Was renamed Ford Aerospace and sold to Loral in 1990. Another part of the original Philco International moved to Pittsburgh in 1988. Philadelphia Savings Fund Society. Philadelphia. financial. failed. seized by the FDIC and sold to Mellon Financial. Reading Company. Philadelphia.
The city's two largest employers are the federal and city governments. Philadelphia's largest private employer is the University of Pennsylvania, followed by the Children's Hospital of Philadelphia. A study commissioned by the city's government in 2011 projected 40,000 jobs would be added to the city within 25 years, raising the number of jobs ...
Parker said about 80% of the city’s 26,000 employees have been working fully on-site since last year, while the remainder have worked between 31 to 75 hours per-pay-period on site.
The per capita income for the city was $16,509. 22.9% of the population and 18.4% of families were below the poverty line. 31.3% of those under the age of 18 and 16.9% of those 65 and older were living below the poverty line. The male-female ratio was 86.8 to 100, with 46.5% of the population male and 53.5% female.
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Five Fortune 500 companies are headquartered in the city. As of 2021, the Philadelphia metropolitan area was estimated to produce a gross metropolitan product (GMP) of US$479 billion, [2] an increase from the $445 billion calculated by the Bureau of Economic Analysis for 2017, [3] representing the ninth largest U.S. metropolitan economy.
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