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Home › Article › Page 3
Regional News

Unemployment Falls and Labor Force Plunges

by Julia Fraser

Unemployment fell sharply in southwestern Pennsylvania last month. But the good news is tempered by continued contraction of the regional labor force, which plunged to its lowest level since June 1991, according to the latest Pennsylvania Department of Labor data. Unemployment in the seven-county Pittsburgh Metropolitan Statistical Area dropped one full percentage point — from …

Unemployment Falls and Labor Force Plunges Read More »

Regional News

Pandemic’s Disruptive Path Still Haunts the Unemployed

by Jeffery Fraser

Fallout from the pandemic is discouraging a significant number of unemployed southwestern Pennsylvanians from looking for work, even as businesses reopen and COVID cases decline, according to a recent survey. Caring for children, dependent older adults and others was the most common reason for not looking for work that was given by unemployed workers who …

Pandemic’s Disruptive Path Still Haunts the Unemployed Read More »

Regional News

As Unemployment Falls, Local Labor Force Stalls

by Julia Fraser

Unemployment in southwestern Pennsylvania ticked down in April, but the region’s labor force failed to grow much beyond where it was a year earlier, when it had shrunk during the height of pandemic-related business closures and restrictions. Unemployment in the seven-county Pittsburgh Metropolitan Statistical Area dipped from 7.6 percent in March 2021 to 7.4 percent …

As Unemployment Falls, Local Labor Force Stalls Read More »

Regional News

Pandemic Population Shifts, Favoring Affordable Places

by Jeffery Fraser

Stephan Whitaker listened as speculation that COVID-19 might kindle a profound exodus from urban America intensified as the pandemic dragged on. After all, tens of millions of people were forced to work remotely, leaving them less tethered to the workplace than ever before and freer to move. Whitaker, a policy economist at the Federal Reserve …

Pandemic Population Shifts, Favoring Affordable Places Read More »

Regional News

Seasonal Hiring Boosts Local Jobs

by Julia Fraser

Seasonal jobs returned to the Pittsburgh region in April, but a snap back to a pre-pandemic economy remains elusive, according the most recent data from the U.S. Bureau of Labor Statistics.  The seven-county Pittsburgh Metropolitan Statistical Area gained 15,200 jobs from March to April 2021 — a 1.4 percent gain, according to the BLS. “It’s …

Seasonal Hiring Boosts Local Jobs Read More »

Regional Annual Report
2021 Spring

Pittsburgh Real Estate

by Julia Fraser

The Terminal, stretching five blocks along Smallman Street, had just been given a stunning makeover when COVID-19 arrived, threatening the eateries and shops it courted as tenants. Months later, the 95-year-old former hub of Pittsburgh’s wholesale produce industry remains a hot real estate property that has attracted tenants throughout the pandemic, including District Brew Yards, …

Pittsburgh Real Estate Read More »

Regional News

Vaccinations, Fewer Cases Brighten COVID Outlook

by Jeffery Fraser

Last month saw more encouraging signs that southwestern Pennsylvania is turning the corner in the battle to regain normalcy after a year of living under the COVID-19 pandemic. More than 2 of 3 people have been vaccinated against COVID in Allegheny County, one of the highest rates in Pennsylvania, according to state Health Department data. …

Vaccinations, Fewer Cases Brighten COVID Outlook Read More »

Regional Annual Report
2021 Spring

A Seismic Shift in Higher Ed

by Bill O'Toole

Between declining enrollment, rising costs and at least one more pandemic-disrupted semester, Pittsburgh’s colleges and universities are facing 2021 budget shortfalls that may impact this mainstay sector of the regional economy for generations to come. Though often hailed as a bright spot in western Pennsylvania’s relatively moribund economy, the higher education sector—locally and nationally—was already …

A Seismic Shift in Higher Ed Read More »

Regional News

Consumer Confidence Trending up in Region

by Jeffery Fraser

Confidence in the economy and their personal financial situation is rising among consumers in southwestern Pennsylvania as pandemic restrictions on businesses ease and the COVID vaccine reaches more people. But confidence in the local economy and their own employment outlook remain much lower than before the pandemic, despite the recent surge in optimism, according to …

Consumer Confidence Trending up in Region Read More »

Regional News

Unemployment Stable but Labor Force Shrinks

by Julia Fraser

Unemployment in the Pittsburgh region held steady in March, but the local workforce continued to contract as it has throughout the pandemic. The seven-county Pittsburgh Metropolitan Statistical Area’s seasonally adjusted unemployment rate remained at 7.5 percent from February to March 2021, according to data from the state Department of Labor’s Center for Workforce Information & …

Unemployment Stable but Labor Force Shrinks Read More »

Regional Annual Report
2021 Spring

New Paradigm

by Julia Fraser

In 1889, Andrew Carnegie, whose immense wealth was earned along the banks of Pittsburgh’s rivers, called upon his peers to direct their fortunes toward the public good. In “The Gospel of Wealth,” he pitched “an ideal state, in which the surplus wealth of the few will become, in the best sense, the property of the …

New Paradigm Read More »

Regional News

Region Adds Jobs, but Growth Is Slow

by Julia Fraser

Employers in the Pittsburgh region added workers to their payrolls in March, but the modest job gains were a weak signal of recovery from the damage inflicted by the COVID-19 pandemic, according the most recent data from the U.S. Bureau of Labor Statistics. The seven-county Pittsburgh Metropolitan Statistical Area gained about 9,000 jobs from February …

Region Adds Jobs, but Growth Is Slow Read More »

Regional Annual Report
2021 Spring

Municipal Time Bomb

by Jeffery Fraser

The fear was real last spring as local taxes—the lifeblood of boroughs, townships and cities—were trickling in. The COVID-19 pandemic was closing or impairing businesses in southwestern Pennsylvania, the state and nation. The U.S. unemployment rate soared to nearly 15 percent. “We worried that our revenues would collapse,” said Scott Andrejchak, the municipal manager of …

Municipal Time Bomb Read More »

Regional Annual Report
2021 Spring

Breaking the News

by Bill O'Toole

With their traditional revenue models already suffering a long-term structural decline, local media operations have been further weakened by the government lockdowns and economic havoc accompanying COVID-19. Or as Tom Melia, Washington director of PEN America, the 99-year-old nonprofit that protects free expression, put it: “The pandemic has accelerated almost every contributing factor to the …

Breaking the News Read More »

Regional News

February Jobs Report: Still Dismal

by Julia Fraser

The Pittsburgh region continued to hemorrhage jobs in February, according recently released data from the U.S. Bureau of Labor Statistics. The seven-county Pittsburgh Metropolitan Statistical Area lost 82,400 jobs between February 2020 and February 2021, amounting to a 7.8 percent decrease over the year. Job losses in the region exceeded the 6.7 percent average decline …

February Jobs Report: Still Dismal Read More »

Regional Annual Report
2021 Spring

Wanted: More People

by Jeffery Fraser

Southwestern Pennsylvania staggered into 2020 in need of people, again. It was coming off of yet another year when deaths outnumbered births and the number of newcomers couldn’t keep pace with the number of residents moving somewhere else. The COVID-19 pandemic likely makes the already-long odds of a quick rebound in the region’s population even …

Wanted: More People Read More »

Regional News

Pittsburgh Region’s Labor Force Shrinks Dramatically (and Unemployment Rises)

by Julia Fraser

The Pittsburgh region’s unemployment rate climbed and thousands of workers in the region left the labor force in January as the COVID-19 pandemic continued batter the local economy. Unemployment rose from 6.8 percent in December to 7.6 percent in January, Pennsylvania labor data suggests. The January increase is more dramatic when compared to January 2020, …

Pittsburgh Region’s Labor Force Shrinks Dramatically (and Unemployment Rises) Read More »

Regional News

As More Get Vaccinated, Local Hesitancy Subsides

by Jeffery Fraser

The number of southwestern Pennsylvanians open to being vaccinated against the COVID-19 virus is surging as the local vaccine rollout gains steam and public hesitancy wanes, even among those who had been steadfast in their refusal to get the shots, a new survey suggests. But the increased willingness to get vaccinated coincides with widespread dissatisfaction …

As More Get Vaccinated, Local Hesitancy Subsides Read More »

Regional News

Jobs Report Bleak

by Julia Fraser

Job losses in the Pittsburgh region continued to mount in January, and revised data reveal that the troubling losses experienced across industry sectors last year were worse than first reported, according to the U.S. Bureau of Labor Statistics. The seven-county Pittsburgh Metropolitan Statistical Area lost about 85,000 jobs between January 2020 and January 2021 — …

Jobs Report Bleak Read More »

Regional News

Allegheny County Meets Air-Quality Standard for First Time in Decades

by Jeffery Fraser

After lagging most of the nation for decades, Allegheny County has managed to meet the minimum federal health standard for one of the most harmful of the major air pollutants, county health department data suggest. Levels of fine particulate pollution, known as PM2.5, averaged 11.1 micrograms per cubic meter of air over the last three …

Allegheny County Meets Air-Quality Standard for First Time in Decades Read More »

Regional Annual Report
2021 Spring

Baby Boom, or Bust?

by Julia Fraser

After a major power blackout left New York City in the dark in 1965, the New York Times suggested it led to a citywide baby boom, citing a surge in births at local hospitals. After Boston was hit with a blizzard in 1978, the Boston Globe predicted it would result in a baby boom. In …

Baby Boom, or Bust? Read More »

Regional Annual Report
2021 Spring

2021 Economic Outlook

by Stuart Hoffman & Kurt Rankin

Economic recovery prospects in the Pittsburgh metro region are challenging for 2021. Government-mandated business closures and capacity limitations have sunk the metropolitan area’s labor force into steeper-than-average declines, undermining the ability of existing household consumption and business expenditures to reignite economic gains in the near term. New stimulus from the federal government may well provide …

2021 Economic Outlook Read More »

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