Wednesday, August 07, 2013

knowledge jobs vs manufacturing jobs

From the Federal Reserve of Cleveland is this little bit of analysis on the ratio of knowledge jobs to manufacturing jobs across metro regions. Pittsburgh appears to come in below a few regions, but just a bit below San Francisco/San Jose they included for some benchmarking context.  Not sure all that it means but see previous on the recent change in GDP calculations and what it might mean at a regional level. Note also the contrast with some of our closest neighbors.


Anonymous BrianTH said...

I'm surprised SF is not higher. Maybe it has something to do with this being limited to tradable-sector jobs (I know the concept, but I don't know what exactly counts).

Anyway, this was interesting to me from the report:

"Columbus and Pittsburgh were more concentrated in knowledge work than the United States in 1992, and this lead grew from 1992 to 2012. The other metros in the Fourth District were behind the United States in 1992, and the gap grew over the last 20 years."

There is an interesting rich-get-richer story there in general, but as far as understanding Pittsburgh is concerned, this is yet more confirmation that much of the positive stuff we are seeing these days is really the culmination of a process that has been going on for quite a while (including from long before Marcellus took off).

Thursday, August 08, 2013 12:00:00 AM  
Anonymous The Wiz said...

I must say that I have a very difficult time accepting that what comes out of Washington DC should be classified as "intellectual" Damages the credibility of the whole report.

Thursday, August 08, 2013 2:17:00 PM  
Blogger Nick said...

Your writing is very good, I really like, thanks

Monday, September 02, 2013 4:29:00 AM  

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