Quote:
Originally Posted by Gnutella
Yeah, that's why the labor force in the Pittsburgh MSA is the largest it's ever been, because everybody's retreating elsewhere after college. Wait a minute...
By the way, the unemployment rate in the Pittsburgh MSA remains comfortably below the national unemployment rate.
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Look, my argument is that Pittsburgh is declining in national importance. It used to be in the top 10 metros. Now, it's 22nd.
22 Pittsburgh, PA MSA 2,359,746 2,356,285 +0.15%
23 Portland-Vancouver-Hillsboro, OR-WA MSA 2,262,605 2,226,009 +1.64%
24 San Antonio-New Braunfels, TX MSA 2,194,927 2,142,508 +2.45%
25 Sacramento–Arden-Arcade–Roseville, CA MSA 2,176,235 2,149,127 +1.26%
26 Orlando-Kissimmee-Sanford, FL MSA 2,171,360 2,134,411 +1.73%
27 Cincinnati-Middletown, OH-KY-IN MSA 2,138,038 2,130,151 +0.37%
28 Cleveland-Elyria-Mentor, OH MSA 2,068,283 2,077,240 −0.43%
29 Kansas City, MO-KS MSA 2,052,676 2,035,334 +0.85%
30 Las Vegas-Paradise, NV MSA 1,969,975 1,951,269 +0.96%
31 San Jose-Sunnyvale-Santa Clara, CA MSA 1,865,450 1,836,911 +1.55%
32 Columbus, OH MSA 1,858,464 1,836,536 +1.19%
33 Charlotte-Gastonia-Rock Hill, NC-SC MSA 1,795,472 1,758,038 +2.13%
34 Austin-Round Rock-San Marcos, TX MSA 1,783,519 1,716,289 +3.92%
35 Indianapolis-Carmel, IN MSA 1,778,568 1,756,241 +1.27%
36 Virginia Beach-Norfolk-Newport News, VA-NC MSA 1,679,894 1,671,683 +0.49%
37 Nashville-Davidson–Murfreesboro–Franklin, TN MSA 1,617,142 1,589,934 +1.71%
In 20 years, every one of these metro areas will probably be bigger and more important than Pittsburgh:
22 Portland-Vancouver-Hillsboro, OR-WA MSA 2,262,605 2,226,009 +1.64%
23 San Antonio-New Braunfels, TX MSA 2,194,927 2,142,508 +2.45%
24 Sacramento–Arden-Arcade–Roseville, CA MSA 2,176,235 2,149,127 +1.26%
25 Orlando-Kissimmee-Sanford, FL MSA 2,171,360 2,134,411 +1.73%
26 Cincinnati-Middletown, OH-KY-IN MSA 2,138,038 2,130,151 +0.37%
27 Kansas City, MO-KS MSA 2,052,676 2,035,334 +0.85%
28 Las Vegas-Paradise, NV MSA 1,969,975 1,951,269 +0.96%
29 San Jose-Sunnyvale-Santa Clara, CA MSA 1,865,450 1,836,911 +1.55%
30 Columbus, OH MSA 1,858,464 1,836,536 +1.19%
31 Charlotte-Gastonia-Rock Hill, NC-SC MSA 1,795,472 1,758,038 +2.13%
32 Austin-Round Rock-San Marcos, TX MSA 1,783,519 1,716,289 +3.92%
33 Indianapolis-Carmel, IN MSA 1,778,568 1,756,241 +1.27%
34 Virginia Beach-Norfolk-Newport News, VA-NC MSA 1,679,894 1,671,683 +0.49%
35 Nashville-Davidson–Murfreesboro–Franklin, TN MSA 1,617,142 1,589,934 +1.71%
36 Pittsburgh, PA MSA 2,359,746 2,356,285 +0.15%
Pittsburgh dropping into the 30's is almost a lock.
I simply don't see Pittsburgh being able to compete against these largely newer and more geographically friendly cities.