Pittsburgh’s gross domestic product (GDP) increased 0.1 percent and had the second-smallest rate of growth from 2015 to 2016. Pittsburgh’s per capita real GDP saw the third-smallest year-over-year growth of all benchmark regions at 0.5 percent. More
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Growth in GDP
Economy
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Gross Domestic Product
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Local Employment and Unemployment
Economy
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Employment And Unemployment
Metropolitan Pittsburgh’s seasonally adjusted unemployment rate decreased 1.1 percent from 5.0 percent in June 2017 to 4.1 percent in June 2018. During that period, the number of people in the labor force decreased by 13,800 while the number of unemployed decreased by 12,300. Within the region, Butler County held the lowest unemployment rate at 3.8 percent,... More
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Year-Over-Year Job Growth
The Pittsburgh region gained 14,800 jobs between July 2017 and July 2018, a 1.4 percent increase over the year. That percentage falls below the benchmark average of 2.3 percent growth. According to the preliminary numbers, in the 12-month period, retail jobs declined by 1.5 percent (the largest decline among the benchmark regions), wholesale trade declined by... More
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Median Household Income
Median household income increased 3.7 percent to reach $56,063 a year in the Pittsburgh Metropolitan Statistical Area in 2016. Among the benchmark regions, Pittsburgh had the second-lowest median household income above only Cleveland. Median household income is a measure of standard of living. Examining the median household income over time can help us measure the purchasing power... More
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Average Weekly Wages – Benchmark Regions
Average weekly wages in the 7-county Pittsburgh metropolitan area in the fourth quarter of 2017 were $1,000, a year-over-year percent decrease of 1.4 percent. That percentage was below the benchmark average of -1.0 percent growth. To view data on annual pay for Pittsburgh and its benchmark regions, click here. More
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Average Weekly Wages – Pittsburgh Region Counties
The figures below reveal the wide disparity in average weekly wages that exists in the seven-county Pittsburgh Metropolitan Statistical Area. Allegheny County had the highest average weekly wages at $1,203 in the first quarter of 2017 with an overall increase of 6.8 percent year-over-year. Fayette County had the lowest average weekly wages at $718 with an... More
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Unemployment Rate
Economy
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Employment And Unemployment
The Pittsburgh Metropolitan Area’s unemployment rate — seasonally adjusted — decreased a total of .9 percentage points from July 2017 to July 2018 to 4.0 percent. Pittsburgh’s unemployment rate was higher than the benchmark average of 3.6 percent and was the sixth-highest unemployment rate of all benchmark regions in June. To view information about Pittsburgh’s job growth rate,... More
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Change in Employment, Unemployment and Labor Force
Economy
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Employment And Unemployment
The number of unemployed in the Pittsburgh MSA — seasonally adjusted — decreased by 23.1 percent in May 2018 compared to May 2017. The number of employed decreased by 0.2 percent year-over-year while the total labor force decreased by 1.3 percent. More
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Year-Over-Year Bankruptcy Filings
The Pittsburgh region continues to experience dramatically fewer bankruptcies than its benchmark peers. With 1,837 bankruptcies in the 1st quarter of 2018, Pittsburgh is lower than all benchmark regions except Charlotte, and less than the benchmark average of 3,093. Year-over-year, the region’s bankruptcy filings decreased 11.1 percent. More