Southwestern Pennsylvania hasn’t seen an unemployment rate this low since Richard Nixon was president, the Beatles announced they were breaking up and America was embroiled in the Vietnam War. The unemployment rate in the seven-county Pittsburgh Metropolitan Statistical Area fell from 5.0 percent in May 2017 to 3.9 percent in May 2018. “We haven’t seen... More
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Unemployment Falls Hard
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Lower Unemployment, Smaller Labor Force
Unemployment fell in southwestern Pennsylvania in April compared to one year earlier, but the region’s labor force continues to shrink. The seasonally adjusted unemployment rate in the seven-county Pittsburgh Metropolitan Statistical Area decreased from 5.2 percent in April 2017 to 4.3 percent in April 2018, according to U.S. Bureau of Labor Statistics data. Within the... More
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Unemployment Trends Downward
The Pittsburgh region’s unemployment rate continued to move lower in February but remains higher than what is seen nationwide. The seasonally adjusted unemployment rate in the Pittsburgh Metropolitan Statistical Area fell .4 percent to 4.8 percent over the 12-month period ending in February, according to data from the Pennsylvania Department of Labor’s Center for Workforce... More
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Unemployment Continues to Drop
Unemployment fell slightly in southwestern Pennsylvania during the first month of 2018, but expanding the regional labor force continues to be a problem. The seasonally adjusted unemployment rate in the seven-county Pittsburgh Metropolitan Statistical Area decreased from 5.3 percent in January 2017 to 4.9 percent in January 2018, according to data from the U.S. Bureau... More
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Unemployment Drops, Again
Unemployment fell again in December as the Pittsburgh region continued the encouraging trend that characterized 2017. The seasonally adjusted unemployment rate decreased .8 percent, from 5.7 percent in December 2016 to 4.9 percent in December 2017 across the seven-county Pittsburgh Metropolitan Statistical Area, according to data from the U.S. Bureau of Labor Statistics. Within the... More
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Local Unemployment Down, Still Lags U.S. Rate
The unemployment rate in southwestern Pennsylvania continues to fall but can’t quite keep up with the national rate. The Pittsburgh Metropolitan Statistical Area’s unemployment rate decreased from 5.6 percent in October 2016 to 4.7 percent in October 2017. The national unemployment rate is 4.1 percent. “Historically, it’s a low rate,” said Chris Briem, regional... More
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Low Unemployment, But Fewer Workers
There’s good news and bad news for southwestern Pennsylvania when it comes to the latest unemployment data. The good news is the region’s seasonally adjusted unemployment rate fell steeply from 6.0 percent in September 2016 to 4.8 percent in September 2017. The bad news is the low unemployment rate is likely due to people exiting... More
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The 2015 Economic Outlook
Southwestern Pennsylvania looks to be in solid economic shape for 2015, according to PNC Financial Services Group's chief economist Stuart Hoffman. Employment is holding near all-time highs, and an historic low unemployment rate of 4.1 percent may be in sight for the seven-county region in 2016. More