Wednesday, January 21, 2009

forecasting unemployment

The US Conference of Mayors has a new report: "American Recovery And Reinvestment: The Role Of Metro Areas". Included in the report are forecasts of potential recession impacts across all metro areas. For Pittsburgh it predicts net employment loss to be 18K jobs and that the unemployment rate will go up to 7.1% by the end of 2009. Worse than now, but better than the rate a lot of other regions are expected to peak at. Not quite sure how much local info goes into these broad forecasts, but it is a data point.


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