Sunday, September 22, 2013

Some trends are hard to see.....

... others not. With August data an update of the state of the Marcellus through most of Pennsylvania. Funny how the drum beats so much less on the downside than when going up.


If you are pondering the future. the most recent data is the worst.  There were 1,000 mining and logging jobs lost in Pennsylvania (net of Pittsburgh) between July and August.  That is the biggest month over month drop I can find. Probably one of the biggest non-strike induced drops ever.

7 Comments:

Anonymous Not an expert said...

I don't understand the graph. Is that Pittsburgh MSA jobs, or statewide jobs?

Monday, September 23, 2013 9:27:00 AM  
Anonymous BrianTH said...

State minus the Pittsburgh MSA. Including the Pittsburgh MSA, the state has still been down over the last year or so, but by less than in that graph since the Pittsburgh MSA is still trending up:

http://data.bls.gov/timeseries/SMS42000001000000001?data_tool=XGtable

http://data.bls.gov/timeseries/SMU42383001000000001?data_tool=XGtable

Basically all the recent expansion in drilling activity is concentrated over here in Western PA (where there is wet gas and/or overlapping Utica plays), and it is in retreat in the other parts of the state.

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