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Tuesday, February 03, 2004

Pittsburgh Employment Situation

Posted by Fester

The state of Pennsylvania is reporting that the greater Pittsburgh MSA has lost almost 12,000 additional jobs in 2003. This is in addition to the 12,000 jobs that were lost in 2002. This is primarily due to continued losses in steel, airlines and retail trades. There have been few start-ups or expansions in ther egion that can absorb the idled or underemployed laborforce.

The jobless rate is artificially low due to increased out-migration and an increased number of people who are leaving the workforce because they can not find a job and do not believe that they will find a job despite their best efforts. This is the economy that Bush has to deal with in a critical swing region in November and it ain't good.

Posted at 10:08 AM in Pennsylvania | Technorati