Friday, June 01, 2012

The company we keep

So here is one way to parse some of the labor force data that came out earlier in the week for the region.  While not the top, all I will say is that if this type of benchmarking was done going back in history, for an awfully long time I would bet we placed in the bottom quartile pretty consistently.  When you then factor in that a lot of the places near the top are places that still get a lot of international immigrants coming into their workforce, it is remarkable we are even close. 

Don't ask me what is up with Cleveland.

5 Comments:

Blogger BrianTH said...

Cleveland is still bouncing off the recession bottom:

http://data.bls.gov/timeseries/LAUMT39174606?data_tool=XGtable

At a guess, a lot of that is auto-related industries pulling people back into the labor force.

Friday, June 01, 2012 10:18:00 AM  
Blogger BrianTH said...

Incidentally, I'd also be interested to see a chart like this dating back to, say, April of 2007.

And it just struck me that is now five years ago. Wow.

Friday, June 01, 2012 10:21:00 AM  
Anonymous The Wiz said...

Also tubular steel. The Lorraine mill re-started a furnace and the new V & M mill opened. And the Utica shale has drawn a lot of new attention.

Friday, June 01, 2012 10:31:00 AM  
Blogger C. Briem said...

Wiz man... aren't you spending your lease payments on a yacht or something?

Anyway... 1000 steelworkers losing their jobs just at the Warren plant alone is what I read. I am not sure the total job loss # associated with all the RG losses collectively. How many net new jobs at the V&M plant?

Saturday, June 02, 2012 9:24:00 AM  
Anonymous The Wiz said...

Was snorkeling all morning at Bathe, Virgin Gorda. Returning now to my home port of Tortolla, BVI

I think that the new V & M plant hired 400 to 500 people directly. Lots of spin offs around it. Flowline in New Castle hired another 20 due to V & M business. They are already talking about expanding it.

The steel plant in Warren just announced their layoffs/shutdown. I am sure their numbers don't show up in any data as of yet. And they make, er, made flat steel for the auto and construction industries.

Saturday, June 02, 2012 1:51:00 PM  

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