U.S. CitiesCity-Data Forum Index
Covid-19 Information Page
Go Back   City-Data Forum > U.S. Forums > Pennsylvania > Pittsburgh
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
 
Old 01-24-2015, 07:28 AM
gg gg started this thread
 
Location: Pittsburgh
19,785 posts, read 19,710,842 times
Reputation: 12752

Advertisements

I was a little surprised by this. Guess we live in a bubble sometimes and don't realize most cities are actually doing much better than Pittsburgh. Just not a tax friendly area unless you are a so-called no profit like UPMC/PITT, etc.


Growing U.S. economy leaving Pittsburgh behind, report says | Pittsburgh Post-Gazette

 
Old 01-24-2015, 07:57 AM
 
Location: Manhattan
664 posts, read 681,664 times
Reputation: 520
Expect to see more of this growing trend: regions creating "wealth" but not creating job opportunities.

The New York City region has seen phenomenal wealth-building, but this is becoming an ever more divided city between the have-nots and the have-more-than-we-can-spend-in-15-lifetimes.
 
Old 01-24-2015, 11:46 AM
 
Location: Stanton Heights
778 posts, read 712,442 times
Reputation: 867
The overall trend in the US is wealth contnuing to accumulate towards the richest 1%. It' s not just Pittsburgh or New York, it's everywhere.
 
Old 01-24-2015, 12:23 PM
 
5,805 posts, read 8,857,563 times
Reputation: 3051
Quote:
Originally Posted by gg View Post
I was a little surprised by this. Guess we live in a bubble sometimes and don't realize most cities are actually doing much better than Pittsburgh. Just not a tax friendly area unless you are a so-called no profit like UPMC/PITT, etc.


Growing U.S. economy leaving Pittsburgh behind, report says | Pittsburgh Post-Gazette
The problem isn't the city or the county, but the state.... Pennsylvania's unfavorable business climate is an incredible hindrance to both Philly and Pittsburgh.
 
Old 01-24-2015, 01:31 PM
 
Location: Manhattan
664 posts, read 681,664 times
Reputation: 520
Quote:
Originally Posted by Blackbeauty212 View Post
The problem isn't the city or the county, but the state.... Pennsylvania's unfavorable business climate is an incredible hindrance to both Philly and Pittsburgh.
How is Pennsylvania "unfavorable to business"?
 
Old 01-24-2015, 04:56 PM
 
Location: The canyon (with my pistols and knife)
13,393 posts, read 18,948,067 times
Reputation: 15146
Quote:
Originally Posted by NYCTelevisionWriter View Post
Expect to see more of this growing trend: regions creating "wealth" but not creating job opportunities.
They call it "growth without growth."





By the way, here's the year-over-year job growth in the Pittsburgh MSA for every month since January 2012, per the Bureau of Labor Statistics...


2012

+14,200 - January 2012
+19,400 - February 2012
+22,700 - March 2012
+18,000 - April 2012
+15,500 - May 2012
+10,600 - June 2012
+10,400 - July 2012
+10,200 - August 2012
+6,700 - September 2012
+8,800 - October 2012
+7,800 - November 2012
+5,800 - December 2012


2013

+3,400 - January 2013
+3,400 - February 2013
-2,900 - March 2013
-2,500 - April 2013
-900 - May 2013
-1,400 - June 2013
+2,400 - July 2013
+2,800 - August 2013
+2,400 - September 2013
+400 - October 2013
+700 - November 2013
-2,900 - December 2013


2014

-3,900 - January 2014
-5,500 - February 2014
-6,600 - March 2014
+6,000 - April 2014
+7,300 - May 2014
+8,100 - June 2014
+13,600 - July 2014
+9,400 - August 2014
+10,100 - September 2014
+11,500 - October 2014
+9,100 - November 2014


After a 15-month lull, job growth has accelerated once again in the last eight months. This seems to dovetail nicely with the acceleration of the U.S. economy since a brutal 1Q last year, in terms of both weather and GDP growth. It also lends credence to the PNC economist who said that Pittsburgh had "exhausted its internal capacity to create jobs" by 2013, and needed the U.S. economy to catch up before job growth could return to normal. On a related note, it's no coincidence that job growth slowed down in Pittsburgh after it'd fully recovered from the last recession, especially since it was one of the first metropolitan areas in the United States to do so.

It's also worth noting that Pittsburgh's pre-recession employment peak occurred in June 2008, and its employment nadir occurred in February 2010 (-76,900 jobs since June 2008), but its pre-recession peak was exceeded in May 2012, which means that it only took two years and three months for Pittsburgh's employment to fully recover from the last recession. If there was something fundamentally wrong with the metropolitan economic base or business climate, then the jobs that were lost would never have been recovered so fast.

For that matter, Pittsburgh's all-time employment peak in March 2001 was exceeded in June 2014. And it's not unusual for metropolitan areas to have taken so long to pass their all-time employment peaks in the early 2000s, considering that decade was noted for its utter lack of job growth all across the United States. Of the 51 major metropolitan areas in the United States, Pittsburgh is one of 29 to have set a new employment peak in the last 12 months. That means there are 22 major metropolitan areas that still haven't recovered from the last recession, or even the recession before that in some cases. In fact, here's the list of every major metropolitan area sorted by employment peak...


Currently at peak employment

November 2014 - Atlanta
November 2014 - Austin
November 2014 - Boston
November 2014 - Charlotte
November 2014 - Cincinnati
November 2014 - Houston
November 2014 - Indianapolis
November 2014 - Louisville
November 2014 - Miami
November 2014 - Minneapolis/St. Paul
November 2014 - Oklahoma City
November 2014 - Orlando
November 2014 - Portland
November 2014 - Raleigh
November 2014 - Richmond
November 2014 - San Antonio
November 2014 - San Diego
November 2014 - San Francisco
November 2014 - Seattle
November 2014 - Washington DC


Peak employment in the last 12 months

October 2014 - Dallas/Fort Worth
October 2014 - Jacksonville
October 2014 - Nashville
October 2014 - New York
October 2014 - Salt Lake City
September 2014 - Denver
July 2014 - Pittsburgh
June 2014 - Baltimore
May 2014 - Columbus


Still recovering from last recession

June 2008 - Hartford (-4,200)
April 2008 - Kansas City (-4,300)
April 2008 - Philadelphia (-62,900)
January 2008 - St. Louis (-36,600)
December 2007 - Las Vegas (-80,500)
September 2007 - Memphis (-32,800)
August 2007 - Sacramento (-27,700)
July 2007 - Phoenix (-45,800)
July 2007 - Riverside/San Bernardino (-23,900)
July 2007 - Virginia Beach/Norfolk (-20,500)
March 2007 - Birmingham (-22,600)
March 2007 - Los Angeles (-55,400)
December 2006 - Providence (-19,200)
September 2006 - Tampa (-35,600)


Still recovering from two recessions ago

March 2001 - New Orleans (-71,600)
February 2001 - Chicago (-91,900)
January 2001 - Milwaukee (-20,600)
December 2000 - San Jose (-58,300)
August 2000 - Buffalo (-8,100)
August 2000 - Detroit (-329,900)
May 2000 - Cleveland (-96,600)
April 2000 - Rochester (-15,400)


What it all boils down to is this: 2013 is the dead tree in the beautiful forest. The study that the Post-Gazette highlighted relies very heavily on job growth data from 2013, which is the year after Pittsburgh had fully recovered from the last recession and was waiting for the rest of the U.S. to catch up. I bet Pittsburgh's ranking improves if they do a similar study a year from now, because job growth in 2014 has been much better than it was in 2013, at least since April. To put it more bluntly, stop fixating on 2013. It's 2015 now. Data from 2013 is already obsolete.
 
Old 01-24-2015, 05:38 PM
 
Location: Pittsburgh
3,203 posts, read 3,069,814 times
Reputation: 2952
Quote:
Originally Posted by NYCTelevisionWriter View Post
How is Pennsylvania "unfavorable to business"?
Taxes and regulations make it so difficult for individuals to start small businesses.
 
Old 01-24-2015, 05:48 PM
 
Location: Manhattan
664 posts, read 681,664 times
Reputation: 520
Quote:
Originally Posted by bluecarebear View Post
Taxes and regulations make it so difficult for individuals to start small businesses.
There are taxes and regulations in all 50 states.

Stop looking for excuses.
 
Old 01-24-2015, 06:05 PM
 
Location: The canyon (with my pistols and knife)
13,393 posts, read 18,948,067 times
Reputation: 15146
Quote:
Originally Posted by bluecarebear View Post
Taxes and regulations make it so difficult for individuals to start small businesses.
Then how come Pittsburgh was able to fully recover its job losses from the last recession in only 27 months? Between February 2010 and May 2012, Pittsburgh added 80,000 jobs. If regulations were so burdensome and the fundamentals of Pittsburgh's economy so weak, then the recovery would have been much slower. Almost half of all major metropolitan areas still aren't fully recovered, including some in supposedly "business-friendly" states such as Alabama, Arizona, Florida, Nevada and Tennessee.

Truth is, Pittsburgh's economy isn't being "left behind," but rather, it's being "caught up with," because Pittsburgh recovered from the last recession before all but a handful of other major metropolitan areas. And unlike that handful of other major metropolitan areas, it's not blessed with robust population growth to keep it growing thousands of food-preparing, hair-cutting and lawn-mowing jobs year over year, so its job growth stalled until enough of the rest of the country caught up and started doing more business with employers in Pittsburgh.
 
Old 01-24-2015, 06:18 PM
 
Location: Manhattan
664 posts, read 681,664 times
Reputation: 520
"Taxes and regulations" are a red herring.

If someone wants to start a business, they're going to do it.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


 

Settings
X
Data:
Loading data...
Based on 2000-2020 data
Loading data...

123
Hide US histogram

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Pennsylvania > Pittsburgh
Follow City-Data.com founder on our Forum or

All times are GMT -6.

© 2005-2020, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top