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Old 07-14-2008, 07:44 AM
 
439 posts, read 1,474,086 times
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Sorry if this has been posted already:

Pittsburgh's job growth numbers beat the national average - Pittsburgh Business Times:


--Ray
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Old 07-14-2008, 09:29 AM
 
20,273 posts, read 33,007,387 times
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I hadn't seen it before, and obviously this is good news, and some confirmation of the the notion that the "new" Pittsburgh economy happens to be relatively recession-proof.
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Old 07-14-2008, 10:19 AM
 
Location: Foot of the Rockies
90,297 posts, read 120,704,934 times
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One month's statistics is not "proof". I'm glad for Pittsburgh, but a lot of cities' stats went into that 0.07 number, and 0.28 isn't huge, either.
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Old 07-14-2008, 10:25 AM
 
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Good article. I hope this trend keeps up. We will have to see where we rank after the recession with other cities.
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Old 07-14-2008, 11:58 AM
 
20,273 posts, read 33,007,387 times
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Quote:
Originally Posted by Katiana View Post
One month's statistics is not "proof".
Correct. However, I described it as providing "some confirmation" of the relevant hypothesis, not "proof", which just means this new evidence makes the hypothesis in question more likely to be true than before the new evidence.

Quote:
0.28 isn't huge, either.
That was a monthly number, I believe. Annualized that would be about 3.4%.
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Old 07-14-2008, 12:03 PM
 
Location: Foot of the Rockies
90,297 posts, read 120,704,934 times
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I picked up on recession-proof.
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Old 07-14-2008, 06:57 PM
 
20,273 posts, read 33,007,387 times
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Quote:
Originally Posted by Katiana View Post
I picked up on recession-proof.
That is a different sense of the term "proof". Here is a little article on what that term means:

Recession-proof industries - Wikipedia, the free encyclopedia
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Old 07-14-2008, 07:25 PM
 
Location: Foot of the Rockies
90,297 posts, read 120,704,934 times
Reputation: 35920
Quote:
Originally Posted by BrianTH View Post
That is a different sense of the term "proof". Here is a little article on what that term means:

Recession-proof industries - Wikipedia, the free encyclopedia
I meant I got confused.
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Old 07-14-2008, 08:06 PM
 
20,273 posts, read 33,007,387 times
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Quote:
Originally Posted by Katiana View Post
I meant I got confused.
Gotcha--no problem.
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Old 07-15-2008, 01:19 AM
 
Location: Chicago
38,707 posts, read 103,146,737 times
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This is the kind of thing that makes me chuckle at Pittsburghers as they grasp for straws at any hint of good news. For ONE SINGLE MONTH, your employment growth rate was four times a national rate that is statically NEAR ZERO. Finally, that economic revival everyone's been waiting around for since 1983 is at hand!

In most other markets in the country, this never would have even become a news story.
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