Tuesday, June 30, 2009

June 1975

Unemployment is up. Pittsburgh regional unemployment at 7.5%. The US is at 9.4%. Detroit jumped another remarkable 1.4 percentage points ove rthe previous month and is now just a blip below twice our unemployment rate at 14.9%. I really don't think that has ever been the case, but we would have to ask the historians to confirm that.

June 1975 is the last month that Pittsburgh's unemployment rate was 1.9 percentage points below the US. For consistent data I have since 1969, the most Pittsburgh has been below the US is 2.1 percentage points in April of 1975. More than that and it's kind of uncharted territory.

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