Tuesday, December 02, 2008
The final October unemployment rates will not be out until Thursday. I am guessing Pittsburgh's seasonally adjusted unemployment rate comes in at 5.5%, which would be a tenth of a percent above September. I'll update that when I see the actual number.
But if you have to have java installed and permit ActiveX, a slightly improved version of my interactive tool showing historical unemployment rates for Pittsburgh is online. Yeah, it's a little rough around the edges, but every now and then I like to check to see if my programming skills have atrophied into oblivion or not.
From the Cleveland business news is a pessimistic story about how their financial sector job loss is greater than in manufacturing, and I am pretty sure a lot of the anticipated merger-induced NatCity losses have not even begun yet. Today Cleveland's mayor has had to come out publicly about the pessimism up there and in an editorial even has to refute "Pittsburgh's power over Cleveland". How bad is it in Cleveland? Here is a funny story about how Browns-nation has lost Erie to Pittsburgh and other meaningless connections between the economy and depression in Browns-world. They say the Browns franchise is the next Lehman Brothers. Ouch.
Speaking of Cleveland, missing only the Pittsburgh number for October, here is the current picture of my rust belt divergence graph:
Unemployment Rate: Pittsburgh, Cleveland, Detroit 2000-2008