Wednesday, April 02, 2014

And a bit more good news

Sticking with the good news meme....

With the latest data dump, the February 2014 unemployment rate for Pittsburgh is now 5.8%, down 2/10ths of a percent from January. That puts us at 88 months since the regional unemployment rate was higher than the nation's.  But more significantly, the gap between regional and national unemployment rates is widening again. There had been a convergence that, had it continued, may have ended this streak.  Also likely correlated with lower net migration in recent data.  But with the local unemployment rate now 9/10ths of a percentage point below the national rate, the gap is larger than it has been in 15 months.


Anonymous DBR96A said...

If this trend continues, then we'll be talking about 100 consecutive months a year from now.

Wednesday, April 02, 2014 12:33:00 PM  

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