Friday, September 20, 2013

Labor Force Then, Labor Force Now


Just reading from yesterday the PG's version of what is interesting in the latest dump of date from the American Community Survey. See: Pittsburgh's median family income rises

The article notes the +2.4% growth in the region's labor force over the most recent year of data (2011-2012).  Might be interesting to compare that growth to the average annual growth in the region's labor force over the previous 4 decades. 



Hmmm... what does that mean? (rhetorical question)  For the record there is a bit of mixing and matching data sources in that graphic.  The ACS data is different from the CPS driven LAUS data which is what I uses to compile the decade averages. The LAUS data is showing a +1.92% labor force growth for the region between 2011-2012, a little less than the ACS data. Even so, +1.92% is the fastest annual growth in the region's labor force in two decades, the 2nd fastest annual growth since 1979.