Monday, December 5, 2011

Pittsburgh Region's Unemployment Rate Declines To 7%

HARRISBURG (DECEMBER 1) In October, the seasonally adjusted unemployment rate in the seven-county Pittsburgh Metropolitan Statistical Area (MSA) fell four-tenths of a percentage point to 7.0 percent, the second consecutive decline of four-tenths of a percentage point.

The local rate remained below Pennsylvania’s rate (8.1%) which fell two-tenths of a percentage point and the United States’ rate (9.0%) which was down one-tenth of a percentage point. Over the year, the Pittsburgh MSA’s unemployment rate was down nine-tenths of a percentage point, while Pennsylvania’s rate was down four-tenths of a percentage point, and the national rate fell seven-tenths of a percentage point over the same period.

Among the commonwealth’s 14 MSAs, the Pittsburgh MSA was ranked as the 5th lowest unemployment rate in October. Within the Pittsburgh MSA, Butler County (6.4%) had the lowest rate while Fayette County (8.7%) had the highest rate. Among Pennsylvania’s 67 counties, unemployment rates ranged from 5.3 percent in Centre County to 11.2 percent in Cameron County.
 Seasonally adjusted total nonfarm jobs in the Pittsburgh MSA rose 8,400 in October to 1,149,600. October tied for the third largest employment increase on record. Statewide jobs also showed growth, up 13,800 to 5,690,900. Jobs in the Pittsburgh MSA were up 21,600 (1.9%) from October 2010, while Pennsylvania’s jobs rose 54,500 (1.0%) from last year’s level.