Wednesday, November 28, 2012

more people......

Boring unemployment news today... or is it.  Another jump in Pittsburgh's labor force. See interactive graph for more.  Pittsburgh MSA labor force +26K year over year through October. Works out to +2.1% or more than double US labor force growth (+1%) over the same period.


Anonymous BrianTH said...

So if I understood the Labor Force Metrics 101 post correctly, we do need to be a little cautious about the overall labor force count to the extent it includes the unemployed count, because the way the state allocates its unemployed count to the metro is not necessarily reliable.

However, it looks like the employed count alone was up 1.9% in this survey, yoy. That's about the same as nationally, if I am reading the data right (I get 2.2% nationally). The reason the comparison in labor force numbers are so different is the number of unemployed dropped significantly nationally, whereas (subject to the above qualification) it was supposedly up in the Pittsburgh MSA.

I don't know what to say about this, but I do think that holding aside the unemployment stuff, a 1.9% annual increase in the Pittsburgh area's employment count is pretty remarkable.

Wednesday, November 28, 2012 1:06:00 PM  

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