unemployment maps on steroids
If the big picture depresses you... a small point but there was net employment growth locally in Pittsburgh last month, while Pennsylvania's unemployment rate is flat even though most states saw increases in October; local real estate sales are actually up substantially while local real estate prices are showing sustained moderate increases. That's a lot of not bad news at the very least.
In fact the latest bit of Pittsburgh hagiography comes from the Christian Science Monitor today. Pittsburgh is not technically on their list of the Five Cities that Will Rise in the New Economy, but it gets several gratuitous mentions that takes the hagiography to a new level. Check out this curious paragraph:
In other areas, healthcare complexes are evolving into microeconomies in themselves. They attract labs and researchers. Patients fly in from around the world, needing hotel rooms, and laundry and banking services. The University of Pittsburgh Medical Center annually pays out $2.7 billion in salaries to its 50,000 employees – the equivalent of the entire Canadian aerospace industry.I mean, not to dis UPMC or our friends to the north, but I never really thought of the Canadian Aerospace industry as a benchmark powerhouse? Then later on it says this:
Cities , of course, have been reinventing themselves since the days of cobblestone streets. Pittsburgh went from being the nation’s Bessemer furnace to an education and medical technology leader.Do you notice what is happening in the national and international media references on Pittsburgh? The coverage has reached a point they don't feel a need to explain their references to Pittsburgh any more. It's almost assumed folks get the point without that "Pittsburgh, huh?" moment.