Pittsburgh loss 8,000 jobs in January (but it could be much worse) (foreclosures, renters)

[bradjl2009]

Pittsburgh's Future: Treading Water in the Shallow End of the Pool

The latest data on jobs in the Pittsburgh Region were released this week, and although the news isn't good, it's a lot better than in most parts of the country.
Between January 2008 and January 2009, the Pittsburgh Region had lost a net total of 8,600 jobs, or a little less than 8/10 of 1% of the total jobs in the region. That's a lot of jobs, but far less than most regions. By way of comparison, the three major metro areas in Ohio have lost between 2 and 5 times as many jobs -- Columbus has lost almost 19,000 jobs, Cincinnati has lost over 24,000 jobs, and Cleveland has lost a whopping 44,000 jobs in the past year.

If you go to the site and look on the graph, you can see while 8,000 jobs is bad, percentage wise we are 8th place is job gains. Just show how bad the country as a whole is doing. Also, the amount of foreclosures that we have had lately are actually down compared to 2007.

[By~Tor]

Pittsburgh's gonna' ride this out and fare alot better than most other cities, because we have high concentration of "recession-resistant" employers, like medical, educational and government.

Big Brother shall provide. . . . . . .

[highway29south]

Originally Posted by By~Tor

Pittsburgh's gonna' ride this out and fare alot better than most other cities, because we have high concentration of "recession-resistant" employers, like medical, educational and government.

Big Brother shall provide. . . . . . .

Amen to that! There are some times I am really glad to live here.
My hubby works in county government and so far, no talk of layoffs. Granted they hardly make enough to live on being social services and all, but I'm grateful he is still employed any way you look at it.

[bradjl2009]

Originally Posted by highway29south

Amen to that! There are some times I am really glad to live here.
My hubby works in county government and so far, no talk of layoffs. Granted they hardly make enough to live on being social services and all, but I'm grateful he is still employed any way you look at it.

There isn't any talk of layoffs because government is one of the sectors locally that is adding jobs.

[highway29south]

Originally Posted by bradjl2009

There isn't any talk of layoffs because government is one of the sectors locally that is adding jobs.

They have done it before when the economy was bad so we were a little nervous this go around. But so far so good. I'm glad.

[bradjl2009]

This low loss of jobs make me wonder if we have possibly had a reverse of population loss in the region. During the recession from 1990 to 1992 was the last time the metro actually gained more people. I think people staying here over leaving during these bad times and some people actually coming here for work may mean some population growth.

[JoeP]

Those are my thoughts as well. The recession is a lot worse and people can't sell their homes to move (yes of course renters could move if they find a job more easily).

It's really bad and Pittsburgh is holding its own. Hopefully it will make some gains.

By the way, the thread title makes it sound like Pittsburgh lost 8000 jobs in just one month.