Tuesday, October 25, 2011

Fac(k)toids under every rock

So I will be the first to say this is likely a sample artifact, possibly impacted by seasonal effects and otherwise not something big enough you ever want to infer a trend from..


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.


Anonymous The Wiz said...

How is that possible? Two words; Ohio Utica

Tuesday, October 25, 2011 10:43:00 PM  
Blogger C. Briem said...

So Wiz you are saying this really is the beginning of a trend? Is the Marcellus boom over for the entire Pittsburgh region (that was a regional employment number)? That would be big news.

Maybe it will all come back in a few decades after they are done developing the Utica? That is the implication of what you are suggesting.

Winter's coming Wiz. I understand you probably have not had time to buy the yacht, but some nice resorts in the Caribbean you can use as a base to do some boat shopping.

Wednesday, October 26, 2011 6:25:00 AM  
Anonymous The Wiz said...

Man, you sure have a talent for hyperbole. Where did I say anything indicating the end of the Marcellus boom?

Rigs, landmen, legal teams, pipeline ROW people, and much more are working in Ohio. Seems only logical that would have an impact on Pa employment.

You once said that the Utica would be a win-win for Pa....getting all that cheap gas without the development issues. Still think that?

Wednesday, October 26, 2011 8:56:00 AM  
Anonymous MN said...

With WashPa as the center of it all, Marcellus or Utica, doesn't really matter. There will still be shale play jobs in SWPA.

Though I do know some companies are moving some operations (and also creating new ones) in the Williamsport area, and moving workers there.

Wednesday, October 26, 2011 11:32:00 AM  
Anonymous MN said...

Companies "double-dipping": http://www.post-gazette.com/pg/11299/1184899-28.stm

Wednesday, October 26, 2011 11:43:00 AM  
Anonymous n'at said...

midstream folks must catch up for those locations with casing in the ground. they'll call back the production crews when transmission comes online.

there will be another ridiculous rush of leases and a spike in $/acre.

as long as the capital market holds and futures rise, there will be fuel to burn.

Wednesday, October 26, 2011 4:50:00 PM  

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