Tuesday, April 5, 2011

Pittsburgh Area Unemployment Rate Dips To 7%

HARRISBURG (APRIL 5) In February, the seasonally adjusted unemployment rate in the seven-county Pittsburgh Metropolitan Statistical Area (MSA) was down two-tenths of a percentage point to 7.0 percent.

This was the third consecutive monthly decline. The Pittsburgh MSA unemployment rate was below the Pennsylvania rate (8.0%) and the United States rate (8.9%). February marked the 37th straight month that the Pittsburgh MSA unemployment rate has been below both the Pennsylvania and national rates. The Pittsburgh MSA unemployment rate was down 1.5 percentage points from February 2010, while the Pennsylvania and national rates were both down 0.8 percentage points over the same period.
 Seasonally adjusted

Pennsylvania jobs were up 23,700 in February to 5,674,100. Jobs in the Pittsburgh MSA were up 23,300 (2.1%) from February 2010, and Pennsylvania jobs were up 106,800 (1.9%) from February 2010. 

Goods-producing jobs in the Pittsburgh MSA were down 2,500 to 136,100 in February. Declines were split between construction (-1,100) and manufacturing (-1,400), while mining and logging remained unchanged. Pittsburgh MSA goods-producing jobs were up 4,200 over the year, with all three goods-producing supersectors showing increases of at least 900 jobs since February 2010.

Service-providing jobs rose 3,400 in February to 976,000.

In the Pittsburgh MSA, seven out of eight service-providing supersectors have shown over-the-year gains. Education & health services (+5,800), leisure & hospitality (+4,500), and professional & business services (+4,200) have shown the greatest over-the-year increases. Information was the only supersector in the Pittsburgh MSA which showed an over-the-year decline, down 700 jobs since February 2010.
Trade, transportation, & utilities showed a decline of 2,900 jobs with retail trade down 2,400 as stores continued to eliminate seasonal retail jobs.

Education & health services rose 2,300 in February as educational institutions returned from semester break. Similarly, state and local government also showed education-related increases, up 2,000, and 1,400 respectively. total nonfarm jobs in the Pittsburgh MSA rose for the fifth consecutive month, up 1,700 in February to 1,134,000.

Within the Pittsburgh MSA, Butler County (6.6%) had the lowest rate and Fayette County (9.3%) had the highest rate. Among Pennsylvania’s 67 counties, unemployment rates ranged from 5.1 percent in Bradford County to 12.9 percent in Cameron County.