Wednesday, October 31, 2012

Peeooppllee.....

..or again, post-Soylent Pittsburgh. The chart of 1,000 words for Pittsburgh.  Just saying.



Same data interactively. If you want the factoid of note.  Pittsburgh MSA labor force up ~40K over last 2 years.(note I had said 50K earlier, but the change in methodology between CWIA and BLS has altered some past data which I need to account for)  For longer musings on what it all means, and comparisions to the past see this previous post.

There are some deeper thoughts if you stare at the interactive chart where you can poke at data by individual month.  The region hit an all time labor force peak in March of 1981 which was a period between two big recessions nationally.  In fact the Pittsburgh region hit some all time employment peaks in 1979.  So there must be some inverse to the saying that it is always darkest before the dawn.  Still, the point is recent stats show steepest labor force growth in recent history and if you take out some demographic driven (baby boom entering workforce) growth in previous decades we are into unusual times for Pittsburgh.

2 Comments:

Anonymous Anonymous said...

Nobody can seem to answer this question:

We've seen a labor force decline nationally for awhile now. Demographics surely play some role here, as baby boomers start retiring. Since statistically we have MORE older people retiring than other cities, why are we not experiencing the same kind of LF drop?

Sure, in migration plays a part, but you can't tell me migration makes up for the LF growth AND the LF drop from boomers leaving. Doesn't add up to me.

Wednesday, October 31, 2012 9:54:00 AM  
Anonymous MH said...

I'm working so hard, sometimes people think I'm three people.

Wednesday, October 31, 2012 12:32:00 PM  

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