Wednesday, May 30, 2012

Workers materializing somehow

So the monthly news cycle over the latest dump of labor force data for the Pittsburgh region is pretty muted per the  PGTribPBT.  Not much to say since the numbers are nominally unchanged and any changes you parse out of it are likely well within sample error or other variations that should not be overinterpreted. Yet again, the state is saying the region's seasonally adjusted unemployment rate was 6.8% in April.   Just fyi the Federal Bureau of Labor Statistics' calculation is coming in at 6.7% for April.

But here is the bigger  deal again.  The national news is all about how the labor force participation rate is falling as it has been since the 'Great Recession'. 

Yet here is the region's labor force in April of each year since 1990.



2 Comments:

Blogger BrianTH said...

The labor force in Allegheny County grew at an even faster rate than the rest of the Metro average, and the labor force in the City of Pittsburgh grew at an even faster rate than the rest of the County average. All this is by place of residence.

I know I keep pointing this out, but it keeps being true, and yet virtually no one is talking about it.

Thursday, May 31, 2012 2:37:00 PM  
Anonymous MH said...

The rest of us have been quietly buying real estate in Upper Lawrenceville.

Thursday, May 31, 2012 8:53:00 PM  

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