Fac(k)toids under every rock
It is hard not to note that with September 2011 data just out, private nonfarm jobs for the mining and logging industries for the Pittsburgh MSA ticked downward for the first time in 31 months. Up over the year of course, in absolute and much larger percentage terms.
Still.. and even given the caveats above.. how is that possible? Maybe it is like that multi-stage rocket where there still is a moment of deceleration as the stages separate? Yeah, that's it. I gotta go into PR.
Speaking of Marcellus Shale (explicit mention for the trolls and search engines), see also today the PBT jests about the increasing role of women in Marcellus related employment. I guess we will have to wait to see any such trend be even hinted at in actual data.