Friday, December 20, 2013

Trends

November nonfarm jobs data is out in Pittsburgh again at new all-time peak.   Here is graphic comparing November data going back to 2000.  Whether you take into account the impacts of the Associated Press named "Great Recession" or not, here is what I see for the local jobs trends. In the new year we are going to go over 1.2 million total nonfarm jobs for the first time ever.

Correction: Original image said October of each year. Should be labeled November of each year.





3 Comments:

Anonymous BrianTH said...

Sidenote: earlier in the year it looked like regional job growth was slowing down significantly, which would not be too surprising if the recent years of relatively rapid job growth were all about bouncing back from the "Great Recession" and returning to trend.

But in recent months job growth has picked back up again, which is providing additional evidence to support the alternative hypothesis that the "Great Recession" actually caused a restructuring of the United States economy to the relative benefit of Pittsburgh, such that the region's relatively robust job growth may continue for an extended period of time.

And in fact that is sort of the story being told by the two red lines--if this was just about returning to trend, then we should in fact be slowing down right around now.

Friday, December 20, 2013 3:59:00 PM  
Anonymous The Wiz said...

OT but since you mentioned a few days back.....DEP now has a new tool showing well locations. Zoom in on an area, click on the blue "I" in the tool box, then click on the green dot indicating a well and it will show data for that well.

http://www.depgis.state.pa.us/PaOilAndGasMapping/

Friday, December 20, 2013 7:49:00 PM  
Anonymous DBR96A said...

THEIRS NO JOBS EVAR!!!!!!!!!!!!11

Saturday, December 21, 2013 12:08:00 PM  

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