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Unread 12-20-2011, 11:32 AM
 
20,274 posts, read 16,377,004 times
Reputation: 2786
Default Decent November jobs report

Details from the BLS:

Pittsburgh, PA Economy at a Glance

Not a big change from October when adjusted for seasonality, but October was such a great month that more or less just consolidating those gains in November is fine. Overall we are now trending way up for the year, and November, like October, is at a recorded historical high for that month:

http://data.bls.gov/generated_files/graphics/SMU42383000000000001_31056_1324405730990.gif (broken link)

Above-average contributors (on a year-over-year basis) include mining and logging (no surprise, although the year-over-year rate has been trending down lately, albeit still in double digits), trade/transportation/utilities, education and health (which has picked up recently, maybe also not a surprise), and the one I find most interesting, construction. Construction is still down from peak, but that is actually part of why above-average construction job growth could help the overall job count maintain significant momentum for a considerable period of time.
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Unread 12-20-2011, 12:30 PM
 
Location: Pittsburgh, PA
3,575 posts, read 2,891,914 times
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I'm a little disappointed to see the job growth rate for manufacturing went down a bit over the rest of the year when the annual growth was over 1% for the rest of the year. Also, does anyone know what ind of jobs would fall in the "Information" category? It's been one sector where the amount of jobs have been falling for a long time.
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Unread 12-20-2011, 01:35 PM
 
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I agree the manufacturing number isn't great, but it should be noted that there is a broader, long-term negative trend manufacturing is fighting, so even modest year-over-year growth counts for something. Here is the relevant graph of local manufacturing employment:

http://data.bls.gov/generated_files/graphics/SMU42383003000000001_35016_1324412769566.gif (broken link)

Still, at least getting back in line with 2008 or so would be nice.

Here is the description of the Information sector:

Industries at a Glance: Information: NAICS 51

I'm not entirely sure what is going on with that sector in Pittsburgh--none of the available reports are more fine-grained.
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Unread 12-20-2011, 01:43 PM
 
Location: Polish Hill, Pittsburgh, PA
25,455 posts, read 42,438,052 times
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Is anybody else as incredulous as I am to see BrianTH STILL doesn't have even one reputation badge yet? Astonishing. You're by far one of the most informative "regulars" on City-Data, let alone just the Pittsburgh sub-forum. I'd rep you for keeping us updated about our local economy all the time, but it says I have to "spread it around". Grrrrrr.
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Unread 12-20-2011, 01:59 PM
 
Location: Leesburg
799 posts, read 595,472 times
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The predicted jobs recovery for Pittsburgh was Q4 of 2011. Looks like it hit the mark. Pittsburgh's recovery is remarkable.
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Unread 12-20-2011, 02:18 PM
 
Location: Pittsburgh, PA
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It sounds like Information would consist of advertising and marketers possibly. The manufacturing bothered me a little because I looked at the numbers on the BLS site too for Cleveland, Cincinnati, and Detroit. While, we are overall creating jobs at a faster pace than those cities, their manufacturing job growth seemed rather robust.
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Unread 12-20-2011, 02:25 PM
 
20,274 posts, read 16,377,004 times
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Total aside, but my thought on reputation scores is they can be very helpful if you spend a lot of time in different forums. But since I am almost entirely exclusive to this specific sub-forum, and I think for good or ill I have a pretty well-established reputation here (in the informal sense), I haven't done anything to solicit or otherwise encourage people to rep my posts, and I suspect most of the regulars here also don't think it is necessary to rep my posts on a regular basis (they might do it occasionally if they have a specific comment to incorporate or really like something in particular).
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Unread 12-20-2011, 02:34 PM
 
20,274 posts, read 16,377,004 times
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Quote:
Originally Posted by globalburgh View Post
The predicted jobs recovery for Pittsburgh was Q4 of 2011. Looks like it hit the mark. Pittsburgh's recovery is remarkable.
We dipped less and have recovered faster than the state or nation. That is an unusual combination and indeed remarkable.

Here are comparable graphs for the state:

http://data.bls.gov/generated_files/graphics/SMU42000000000000001_28776_1324416503584.gif (broken link)

And nation:

http://data.bls.gov/generated_files/graphics/CEU0000000001_28886_1324416843809.gif (broken link)

Incidentally, if you did the state minus Pittsburgh, meaning you were comparing the Pittsburgh Metro to the rest of the state, the difference would be even more stark.
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Unread 12-20-2011, 02:40 PM
 
Location: Pittsburgh, PA
3,575 posts, read 2,891,914 times
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Quote:
Originally Posted by BrianTH View Post
Incidentally, if you did the state minus Pittsburgh, meaning you were comparing the Pittsburgh Metro to the rest of the state, the difference would be even more stark.
The state wouldn't be doing well at all in the recovery it seems if it wasn't for Pittsburgh.
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Unread 12-20-2011, 03:02 PM
 
4,400 posts, read 3,965,352 times
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Quote:
Originally Posted by bradjl2009 View Post
The state wouldn't be doing well at all in the recovery it seems if it wasn't for Pittsburgh.
Send that statement first class mail to the Gov as he watches Pittsburgh mass transit descend further into oblivion that will effect those same jobs the state is hanging its hat on.

sorry don't mean to go OT.
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