Tuesday, June 26, 2012

Daily Ranking - Prime Workforce Growth

So it really has been more than just decades since we would have even been considered for a ranking in something like this. Count in score at least.  Area Development magazine (always a link there on the right btw) has us ranked near the top for Prime Workforce Growth.  Seriously, I am not making it up. 

Why you may ask. You may read the news today of the latest labor force news for the region and conclude the situation is quite dour.  Yet it is now 66 months that the local unemployment rate has been below the nation's, 68 months since Pittsburgh's unemployment rate was actually above the nation's.

4 Comments:

Blogger Jim Russell said...

"The Leading Locations are MSAs that have managed to thrive and get back on their feet quickly after the recession," said Geraldine Gambale, editor of Area Development. "These MSAs are leaders based on their economic strengths; growth of their young, educated work forces; and recession-busting characteristics. They deserve special recognition for their efforts."

Tuesday, June 26, 2012 5:00:00 PM  
Anonymous BrianTH said...

A little quick number crunching on the labor force release. May 2012 over May 2011, I get:

Pittsburgh Metro: +15,900 (+1.30%)
Allegheny County: +8,800 (+1.36%)
City of Pittsburgh: +2,400 (+1.58%)

That pattern has been going on for a while now.

Tuesday, June 26, 2012 5:31:00 PM  
Anonymous Anonymous said...

@BrianTH

Yep, overall, from around 2007, the MSA has added ~30,000 workers. Everyone whines the national unemployment rate is skewed by dropouts in the labor force, but the exact opposite is happening here. We've added almost an entire (small) county of workers to the labor force through the recession. Wild. Yet all the Trib and PPG focus on is the raw employment data. Sigh.

Wednesday, June 27, 2012 9:13:00 AM  
Anonymous MH said...

But CM is moving his whatever-plant to North Carolina. We'll all be doomed then.

Wednesday, June 27, 2012 9:20:00 AM  

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