To be the optimistic contrarian, I'm going to go out on a limb here and say that when we learn the comparable data for the Pittsburgh region in a little more than a week or so the jobs count will be up and the unemployment rate will drop. What can we bet on that?
I am working on a predictive model of short term labor force changes in the region. I should show more guts and put a more specific number on that prediction, but it isn't quite ready yet. Maybe soon.