Regional Annual Report

The 2015 Economic Outlook

Southwestern Pennsylvania is in solid economic shape entering 2015. Employment is holding near all-time highs, and the seven-county unemployment rate has fallen to just under 5 percent—with the historic low of 4.1 percent in sight for 2016. But stalled labor force growth since late 2012 should temper excitement regarding the unemployment rate’s descent, as a …

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Population Shifts Again with Aging Baby Boomers

Southwestern pennsylvania’s demographic landscape is once again changing in profound ways. After decades of slowly recovering from the exodus of young adults in the 1980s, the region is again seeing older adults command a growing share of the population as more baby boomers age. More people moved into the region than left to live elsewhere …

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The 30-year cycle

Thirty years ago, in 1983, Pittsburgh was in the midst of a massive upheaval. The mighty industrial engines were going quiet, and the metropolitan unemployment rate exceeded 18 percent. The following year, 50,000 people left the region, and most of them were young adults, forced to seek new futures elsewhere. Then in 1985, Rand McNally …

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Demographics Today

A few years ago, a model that University of Pittsburgh researchers use to help them assess local demographic trends suggested the day was coming. Last year brought further evidence that it, in fact, has arrived: southwestern Pennsylvania has finally turned the corner to become a place where more people arrive than leave. U.S. Internal Revenue …

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Pittsburgh Today & Tomorrow Report 2011

In January 1983, unemployment in metropolitan Pittsburgh reached 17.1 percent as deep recession and structural change rocked the region. Steel strikes raged, and famous mills went cold. In time, an unwelcome realization settled in: Pittsburgh would never be the city it had been. As the Bruce Springsteen lyrics went, “Foreman says these jobs are going, …

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