Pittsburgh recruiters are currently just holding their breath. Many of our postings have communicated how we in Pittsburgh are fairing better than most areas around the country. The next month or two should really set the tone of how hard we are ultimately hit for all of 2009.
Most of the layoff announcements that have been publically made over the past month or two that affect Pittsburgh workers have been primarily companies with a national presence (Target, Ericsson, Home Depot, Circuit City) or large financial institutions (PNC Bank, BNY Mellon).
Healthcare and education continue to be the strength of our current job market condition. By keeping, and even continuing to increase, overall jobs in these areas of strength, other area support industries (retail, hospitality and other service industries) have been able to maintain more strength (jobs) than they would otherwise. This is different than in 2001-2002 when we lost 10,000 jobs from US Air.
The most optimistic forecasts predict the recession will continue to deepen until at least June. We will continue to report on strengths and weaknesses for our local job market as we see them.