Tuesday, December 31, 2013

Ignotum per ignotius

So just an end of the year retrospective on the stats that, IMHO, tell the Pittsburgh story of 2013









Anything else to add?

4 Comments:

Anonymous marketdiamond said...

Excellent post CB! Happy New Years to you and yours!

The only thing I would add is the "top 10 employment industries" 1980 (or 1970) vs. this year.

I know the Census' "economic census" that I believe comes out in 82, 92, 02, '12 would have the data points for that.

Possibly 2 charts, the 1st for overall (seeing how far big steel has fallen from 72 or 82)

and the 2nd for % gain to see the thousands of percent that the film industry, tech industry and "green" LEED industry soared.

Tuesday, December 31, 2013 7:01:00 PM  
Anonymous BrianTH said...

I don't know if you are in the mood to take requests, but recently there has been some media attention being paid to the fact that the reported unemployment rate for the Pittsburgh MSA has been dropping unusually rapidly, and a large part of the drop appears to be unemployed exiting the labor force.

That makes me wonder if it is time for an update to one of my favorite recent Nullspace posts (which probably reflects poorly on me):

http://nullspace2.blogspot.com/2012/08/labor-force-metrics-101.html

Specifically, one possible takeaway from that post was that the reported growth in Pittsburgh's labor force was likely somewhat overstated due to too much of the state's growth in the unemployed count being attributed to Pittsburgh. So I am wondering if we are now seeing the unwinding of that dynamic, meaning that as the state's unemployed count is shrinking, too much of that shrinkage is being attributed to Pittsburgh. In other words, maybe we are now "losing" the unemployed we never actually "gained".

Anyway, just something for the suggestion box, if such a box actually exists.

Saturday, January 04, 2014 11:37:00 AM  
Blogger C. Briem said...

I'm going to deal with that a bit more formally soon. As a hint, LFP in Pittsburgh is not only historically high these days, but rising. Interpretation from one month, or single month over month LAUS data is, at best, fraught with peril.

Saturday, January 04, 2014 12:20:00 PM  
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