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Tuesday, July 31, 2012

Joblessness in W.Pa. rises to 7.1%, but more at work

By Thomas Olson Pittsburgh Tribune Review
The Pittsburgh region reached near-record employment in June, but its unemployment rate increased to 7.1 percent anyway, the state said in a report issued Tuesday.
The seven-county jobless rate was 0.3 of a percentage point higher than May’s rate of 6.8 percent — the largest increase since February 2010, according to the state Center for Workforce Information & Analysis, based on a monthly survey of residents.
 
 
At the same time, employers in the region added 12,600 jobs in June, and 15,400 since June 2011. That brought the Pittsburgh region’s job count to 1,160,800, the highest level since February 2001, when it was a record 1,163,300, said the agency, citing a survey of employers.
 
 
“Employment went up, but the labor force went up even faster,” said Matthew Marlin, an economics professor at Duquesne University. The labor force, composed of those working or looking for work, jumped by 9,000 since May, and by 24,200 since June 2011.
 
 
“The report tells me more people are optimistic and went out to look for a job,” Marlin said. “A number of discouraged workers apparently became encouraged workers.”
 
 
The region had 89,200 unemployed residents last month, which was 4,600 more than in May.
The seven-county region consists of Allegheny, Armstrong, Beaver, Butler, Fayette, Washington and Westmoreland counties.
 
 

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Truly a 'Burgh Thing!

Truly a 'Burgh Thing!
by Randy Bish, Pittsburgh Tribune Review

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