Jobs Über Alles
But when you are near the peak, even small gains are always going to create a new peak right? What is better news is that the year over year job gains are back up to what is better number by Pittsburgh standards. For May 2015, the net gain in non-farm jobs over May 2014 was +19,400.
That may not be the biggest rate of job gains compared to other large metro areas,but still it's the largest year over year gain in over 3 years for Pittsburgh. For sure, it has been a long long long time since net job growth in Pittsburgh really compared well to anywhere else in the nation. Thus the lack of in-migration and population growth of course, but still, compared to recent and distant path the nearly +20K annual gain compares well to what has been the norm here for some time. Only 5 months in the last decade have been higher. Here is what the longer term time series looks like: