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Old 08-24-2015, 02:05 AM
 
Location: The canyon (with my pistols and knife)
14,175 posts, read 22,636,623 times
Reputation: 17354

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That's the year-over-year job growth for the Pittsburgh MSA in July, which is the largest year-over-year increase in at least 25 years, and more than likely longer than that since the local economy was picking up the pieces from the steel industry collapse 25 years ago.

There's other good news too: Revisions were made to the January-June employment data, and employment in the Pittsburgh MSA was revised upward by 2,300 jobs in June -- to exactly 1,200,000. That's a milestone, ladies and gentlemen. Never before have there been 1,200,000 jobs in the Pittsburgh MSA.

I swear, Pittsburgh's economy is just ****ting without mercy all over those who thought that 2013 was the start of a new trend!
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Old 08-24-2015, 10:44 AM
 
Location: United States
12,390 posts, read 7,060,850 times
Reputation: 6134
It's too bad we're likely on the verge of a global recession, Pittsburgh was just starting to grow jobs again.
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Old 08-24-2015, 11:00 AM
 
Location: Pittsburgh
6,782 posts, read 9,547,900 times
Reputation: 10246
Thankfully somebody nipped the cheerfulness right in the bud.
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Old 08-24-2015, 11:17 AM
 
Location: United States
12,390 posts, read 7,060,850 times
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Quote:
Originally Posted by Moby Hick View Post
Thankfully somebody nipped the cheerfulness right in the bud.
I would love to be cheerful, but that would be whistling past the graveyard.
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Old 08-24-2015, 11:22 AM
 
Location: Pittsburgh
6,782 posts, read 9,547,900 times
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Quote:
Originally Posted by stburr91 View Post
I would love to be cheerful, but that would be whistling past the graveyard.
I never understood why that's wrong, except during an internment or something.
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Old 08-24-2015, 05:42 PM
 
Location: Kittanning
4,692 posts, read 9,002,662 times
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I seem to recall Pittsburgh doing well during the last recession.
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Old 08-24-2015, 05:58 PM
 
Location: United States
12,390 posts, read 7,060,850 times
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Quote:
Originally Posted by PreservationPioneer View Post
I seem to recall Pittsburgh doing well during the last recession.
Pittsburgh has fared well in the last few recession, but with eds and meds growth slowing, I'm not sure how well we'll do if we are indeed heading into another recession.
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Old 08-24-2015, 09:27 PM
 
Location: The canyon (with my pistols and knife)
14,175 posts, read 22,636,623 times
Reputation: 17354
Quote:
Originally Posted by stburr91 View Post
Pittsburgh has fared well in the last few recession, but with eds and meds growth slowing, I'm not sure how well we'll do if we are indeed heading into another recession.
There's also the myth that Pittsburgh's new economy is nothing but "eds and meds."
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Old 08-24-2015, 11:18 PM
 
Location: Kittanning
4,692 posts, read 9,002,662 times
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Quote:
Originally Posted by stburr91 View Post
with eds and meds growth slowing, I'm not sure how well we'll do if we are indeed heading into another recession.
Is this happening, and where can I read more about it? Thanks!
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Old 08-25-2015, 05:20 AM
 
Location: Etna, PA
2,860 posts, read 1,885,480 times
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Quote:
Originally Posted by PreservationPioneer View Post
Is this happening, and where can I read more about it? Thanks!
The causes and consequences of China's market crash | The Economist

Commodities prices are falling.
BRIC isn't in good shape. Chinese economy is slowing. Russian economy is getting pounded by international sanctions.
EU is a mess. Germany is becoming a welfare hotel for hundreds of thousands of people.
Japan is drowning in debt.
Australia is worried about recession due to fall in commodities prices and fall in Chinese demand.
Canadian property bubble is set to burst and their economy may already be on the brink of a recession, which is why Harper's re-election is threatened by the yahoos from the NDP.
Policy makers have few tools at their disposal, as the interest rates are already so low.

The global economy is certainly not in a very healthy state at the moment. And only a matter of time until the US sees more effects.
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