Daily Ranking: Most improved housing markets
I don't quite get the Bloomberg logic. Most improved implies things have gotten better after being down. As their own text says, the housing market story here is more one of stability which is different from actually 'improving'. Whatever. The master list-maker in the sky says Pittsburgh has to be on all positive lists these days so why knock it.
Also to go along with that story is some economic commentary from Ezra Klein in the WashPo: The Housing Crash and Long-term unemployment. There is actually a diasporan note in one of the comments left there if you want to look. It actually is awfully telling as to explaining some things going on with regards to Pittsburgh and migration these days.
So on unemployment... and the Bloomberg article above which references us as "Despite having a high unemployment rate".. I don't think I commented on the last batch of local labor force data. So here is just an updated version of the Pgh v. US unemployment chart. Bottom line it has been 43 months since the US unemployment rate was actually lower than Pittsburgh's. An unprecedented duration for that being true for us.
and finally. Astute news readers may have caught that there is some new census data out. Maybe some parsing on that later today.