Labor Market Pulse · Finance · September 2026
Finance Labor Market Report: Scranton--Wilkes-Barre, PA MSA — September 2026
Scranton finance pay outruns the metro's soft labor market.
Scranton-area Credit Analyst pay now tops the national median at $92,500 and Senior Accountant pay jumped to $73,530, even as Luzerne County unemployment climbed to 5.0%.
Free archive edition. Published by WageScape as sent to subscribers; data as of September 2026.
Key indicators
- Luzerne County unemployment: 5.0% — vs 4.7% metro-wide, July 2026 reading
- PA financial sector avg weekly wage: $1,863 — Highest of any PA sector, Aug 2026
- National F&A hiring intent: 74% — Share of F&A leaders planning headcount growth, 2026
- National financial activities job losses: -129,000 — Since May 2025, mostly insurance carriers
Key takeaways
Senior Accountant pay is converging toward national levels fast.
Metro advertised pay rose significantly to $73,530, still below the $87,731 national median but closing the gap sharply. Budget planners relying on last year's local figures risk underpricing offers in a market where accounting talent is newly scarce nationally.
Credit Analyst pay in Scranton now exceeds the national rate.
Metro median of $92,500 sits above the $71,758 national figure, a reversal from typical sub-metro discounting patterns. This may reflect concentrated local demand from distribution, logistics and healthcare employers competing for underwriting and risk talent against a thin labor pool.
Tax Specialist pay is diverging from the national trend.
Metro median fell significantly to $42,589 even as the national figure rose significantly to $65,842. The gap suggests local tax talent is being priced well below what national demand signals would predict — worth testing before assuming the role is easy to fill at current rates.
Financial sector strength statewide is not translating into metro-wide labor tightness.
Pennsylvania's financial activities sector hit a record high and posted the state's top average weekly wage at $1,863, yet Luzerne County unemployment rose to 5.0%. Finance headcount planning should treat local labor softness and finance-specific talent scarcity as two separate forecasting inputs, not one.
Median advertised pay by role — Scranton--Wilkes-Barre, PA MSA
| Role | 25th percentile | Median advertised pay | 75th percentile | Metro trend | National median |
|---|---|---|---|---|---|
| Controller | $90,966 | $111,608 | $113,651 | Stable | $113,754 |
| Senior Accountant | $67,432 | $73,530 | $80,011 | Significant increase | $87,731 |
| Financial Analyst | $70,647 | $93,872 | $120,000 | Significant increase | $94,782 |
| Billing Specialist | $36,400 | $41,600 | $50,000 | Moderate increase | $49,512 |
| Tax Specialist | $33,341 | $42,589 | $42,956 | Significant decline | $65,842 |
| Credit Analyst | $62,210 | $92,500 | $92,500 | Significant increase | $71,758 |
| FP&A Manager * | $103,829 | $125,017 | $140,000 | Stable | $128,139 |
* State-level figure shown where metro postings were too few.
WageScape's median is calibrated to correct for spurious low-value postings (reported as the 60th percentile of raw advertised pay). Download: CSV · JSON
Local market conditions
Scranton–Wilkes-Barre's metro unemployment held near 4.7% in the most recent reading while Luzerne County ticked up to 5.0% in September, even as Pennsylvania's financial activities sector hit a record employment high and posted the state's highest average weekly earnings at $1,863.That divergence — soft overall metro labor conditions against a strengthening finance sector — reflects national dynamics where insurance and back-office roles contract while F&A hiring accelerates, leaving local finance employers competing for a smaller, higher-skilled talent pool even as headline unemployment looks stable.
What it means
Record financial-sector employment statewide, paired with national data showing 74% of F&A leaders planning permanent headcount growth and a swing to a 77% Talent Shortage Index, signals that Scranton-area Finance functions should expect sustained competition for accountants and analysts even if broader metro hiring stays flat. Advertised pay for Senior Accountant and Financial Analyst roles locally is already up significantly while national medians hold stable, suggesting Scranton employers are bidding up scarce local talent faster than the national market requires — a dynamic that directly affects headcount cost forecasts for the next budget cycle. Consider reviewing Senior Accountant and Financial Analyst offer ranges against current advertised rates before finalizing Q4 hiring budgets, since historical benchmarks may already understate what the local market requires.
Looking ahead
Worth watching: National financial activities employment has shed 129,000 jobs since May 2025, concentrated in insurance carriers. Watch whether any of that displaced talent, particularly from regional insurance operations, begins appearing in the Scranton candidate pool over the next two months.
Emerging pressure point: Pennsylvania's House passed a minimum wage increase bill (H.B. 2189) though the Senate has not acted; renewed movement could compress entry-level Finance support roles like Billing Specialist, where metro pay already rose moderately to $41,600.
Early indicator: National average hourly earnings growth decelerated to 3.0% year-over-year in September, below expectations. If that cooling reaches Pennsylvania's Employment Cost Index readings, Scranton Finance leaders may find more room in FY27 merit budgets than currently modeled.
Potential inflection point: Luzerne County unemployment climbing to 5.0% against a metro rate near 4.7% could widen if WARN activity continues at the state's current pace of 37 notices affecting 5,594 workers in 2026. Any filing involving logistics or distribution employers warrants a look at second-order effects on local Finance support staffing.
Methodology
Advertised pay from active employer job postings, not survey data. WageScape's median is calibrated to correct for spurious low-value postings: distribution analysis shows roughly the lowest 10% of raw values are erroneous entries, so the reported median is the 60th percentile of raw advertised pay. WageScape observes 98% of U.S. job openings daily.
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