Tuesday, September 13, 2016

Coal employment dropping even faster than you may think in Pennsylvania

So last month I posted about the employment trends for coal mining in Pennsylvania.  The latest data at the time I saw was for the 4th quarter of 2015 when Pennsylvania coal mining employment had reached a new all time low of 5,918, or as I pointed out at the time a level Pennsylvania had not seen since before the civil war.

So the next quarter of data is out.  From a level of 5,918 for 2015Q4, the average employment for the first quarter of 2016 dropped to 4,835, or an 18% drop over the course of just 3 months.  Within that data the monthly data actually shows March of 2016 coal employment statewide dropped even further to 4,775.  Again that is total coal mining employment across Pennsylvania. How bad does the trend look like:



So the trend went from bad to worse, right.  Dig deeper and it gets even worse.  The same data also captures total wages by industry.  While coal mining employment dropped 18% from 2015Q4 to 2016Q1, total wages by quarter dropped by just under 30% over the same period.  Take a look at that:



So not just jobs are being cut, but among the jobs folks still have, either hours or wages (or both) are being cut as well. 

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