Tuesday, April 10, 2012

Over 61,000 People Were Helped By Goodwill During 2011

PITTSBURGH, April 10, 2012 – Services and programs provided by Goodwill of Southwestern Pennsylvania helped 61,308 individuals last year, according to the agency’s recently released annual report for 2011. Over 40,000 benefitted from a variety of community services and more than 11,000 received job-related services through PA CareerLink. Other major service areas were education, employment placement, and transitional and youth services.

            One of the area’s largest and most diverse human services agencies, Goodwill SWPA also reported that it recycled 26,157,148 pounds of donated goods during 2011, including 2,519,045 pounds of computers and E-waste items; 4,708,715 pounds of recyclables such as aluminum, plastic, glass and newspapers collected at the Goodwill-operated Fayette County Recycling Center; 18,685,004 pounds of retail recyclables such as books, shoes, toys and housewares; and 244,384 pounds of toner containers.

            Total revenues for Goodwill SWPA in 2011 were $47,071,593 compared to $46,674,358 in 2010. Expenses for program services and supporting services for 2011 were $45,163,573, resulting in a consolidated change in net assets of $1,908,020, compared to 2010 expenses of $40,802,523 and a consolidated change in net assets of $5,871,835.

Monday, March 12, 2012

February Job Report Shows Positive Trends

The jobs outlook improved once again in February as both new employment and the overall labor force rose for the third straight month. Employers added over a quarter of a million private sector jobs, beating conservative Wall Streetestimates that called for a 210,000 increase.

Private-sector employment grew by 233,000 jobs, 227,000 of which consist of nonfarm payroll employment. Employment rose in professional and businesses services (+82,000) with temp services accounting for just over half that figure at 45,000. Health care and social assistance also posted gains (+61,000), as did leisure and hospitality (+44,000), and manufacturing industries (+31,000).

The unemployment rate is holding steady at 8.3 percent after falling in recent months. The long-term unemployment numbers, tracking those who have been jobless for 27 weeks or more, fell slightly from 5.5 million to 5.4 million. The long-term unemployed account for over 42% of the total unemployment figure.

One of the most promising indicators lies within the U-6 rate, which declined to 14.9 percent, the lowest reading in more than three years. Often referred to as the “underemployment rate”, the U-6 rate doesn’t just measure the percentage of people in the U.S. that are unemployed — the figure most often quoted in the media, which is sometimes called the U-3 rate — it also tracks two other very important groups. 

The U-6 rate also accounts for those who are marginally attached to the work force — unemployed people who, for whatever reason, have not looked for work in the 4 weeks prior to the survey, whether due to school attendance, family responsibilities, or because they simply gave up looking for work.  It also tracks those who would prefer full-time employment, but due to economic circumstances are working part-time jobs instead.


According to Jared Bernstein, a senior fellow at the Center on Budget and Policy Priorities, “This month's report makes another addition to a solid and improving trend in what has been the most important missing piece in the economic recovery so far: conditions in the job market.”

Another interesting point lies within the December and January job numbers, which were both recently revised. December’s final job tally rose from 203,000 additional jobs to 223,000, a 20,000 job difference. January’s results were even more drastic, going from 243,000 estimated jobs to 284,000. So overall, an additional 60,000 jobs that were not initially counted have now been added to the totals, making February’s increases that much more significant.

Friday, February 3, 2012

U.S. adds 243,000 jobs in January

Total nonfarm payroll employment rose by 243,000 in January, and the unemployment rate
decreased to 8.3 percent, the U.S. Bureau of Labor Statistics reported today. Job growth was widespread in the private sector, with large employment gains in professional and business services, leisure and hospitality, and manufacturing. Government employment changed little over the month.

Private-sector employment grew by 257,000, with the largest employment gains in professional and business services, leisure and hospitality, and manufacturing. Government employment was little changed over the month.

Professional and business services
increase occurred in employment services (+33,000). Job gains also occurred in accounting and
bookkeeping (+13,000) and in architectural and engineering services (+7,000).

Over the month, employment in leisure and hospitality increased by 44,000, primarily in food services
and drinking places (+33,000). Since a recent low in February 2010, food services has added 487,000
jobs.

In January, health care employment continued to grow (+31,000). Within the industry, hospitals and
ambulatory care services each added 13,000 jobs.

Wholesale trade
May 2010, wholesale trade has added 144,000 jobs.

Employment in retail trade continued to trend up in January. Job gains in department stores (+19,000),
health and personal care stores (+7,000), and automobile dealers (+7,000) were partially offset by losses

in clothing and clothing accessory stores (-14,000). Since an employment trough in December 2009,
retail trade has added 390,000 jobs.

In January, employment in information declined by 13,000, including a loss of 8,000 jobs in the motion
picture and sound recording industry.

In the goods-producing sector, manufacturing added 50,000 jobs. Nearly all of the increase occurred in durable goods manufacturing, with job growth in fabricated metal products (+11,000), machinery
(+11,000), and motor vehicles and parts (+8,000). Durable goods manufacturing has added 418,000 jobs over the past 2 years.

Employment in construction increased by 21,000 in January, following a gain of 31,000 in the previous
month. Over the past 2 months, nonresidential specialty trade contractors added 30,000 jobs.

Mining
Since a recent low in October 2009, mining employment has expanded by 172,000.

Government
276,000 jobs, with declines in local government; state government, excluding education; and the U.S.
Postal Service.

The average workweek for all employees on private nonfarm payrolls was unchanged in January. The
manufacturing workweek increased by 0.3 hour to 40.9 hours, and factory overtime increased by 0.1
hour to 3.4 hours.
employment changed little in January. Over the past 12 months, the sector has lost
added 10,000 jobs in January, with most of the gain in support activities for mining (+8,000).
employment increased by 14,000 over the month. Since a recent employment low in
continued to add jobs in January (+70,000). About half of the

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.

Tuesday, November 1, 2011

Pittsburgh Region's Unemployment Rate Declines

Unemployment in the Pittsburgh region fell in September, a sign the economy is improving as employers add more jobs, experts said.

The jobless rate in the seven-county region declined to 7.4 percent, down 0.4 of a percentage point from 7.8 percent in August, the first decline after four months of rate increases, the state said today.

"This is a good report. The economy is going upstream. We're still not at 2007 and 2008 (pre-recession) levels, but we're not that far from there," said Frank Gamrat, an economist and senior research associate for the Allegheny Institute for Public Policy, a Castle Shannon think tank.

The jobless rate fell mainly because schools reopened and rehired staff, adding 7,200 jobs, state and area economists said. Another big jump came in the transportation and warehousing sector, which added 3,400. On the negative side, wholesale and retail trades lost 3,400.

The region -- Allegheny, Armstrong, Beaver, Butler, Fayette, Washington and Westmoreland counties -- continued a trend of year-over-year job increases. There were almost 13,000 more jobs in September than a year ago, increasing the total to 1.147 million, the state Center for Workforce Information and Analysis said in its report.

In September, Pennsylvania's jobless rate was 8.3 percent and the national rate was 9.1 percent.

Not all the region's economic news was good.

While the region's jobs picture is better off than a year ago, Harold Miller, president of Future Strategies LLC, a Downtown consulting firm, said the rate of regional growth slowed a bit from August to September, compared to pre-recession levels of September 2008.
Local schools experienced the job increases from August to September, but there were 2,700 fewer total local education jobs than a year ago, which is likely the results of cutbacks caused by the reduction in state funding, Miller said.

"We are slowly creeping back up," Miller said. "It was pretty much a typical September. It was pretty weak on the government side."

The manufacturing sector, where the region had lost 12,000 jobs in the recession, has added 3,300 jobs since the recession ended in July 2009, bring its total to 89,600 jobs in September, Miller said.

"We're adding jobs, but the jobs are not coming back where we lost them," Miller said, about the shrinking number of manufacturing jobs.

Read more: Region's unemployment rate declines - Pittsburgh Tribune-Review http://www.pittsburghlive.com/x/pittsburghtrib/business/s_764828.html

Tuesday, August 30, 2011

Pittsburgh MSA Unemployment Rate Ticks Up To 7.4%

HARRISBURG (AUGUST 30) In July, the seasonally adjusted unemployment rate in the seven-county Pittsburgh Metropolitan Statistical Area (MSA) rose one-tenth of a percentage point to 7.4 percent. The local rate was below Pennsylvania’s rate (7.8%) and the United States’ rate (9.1%). The Pittsburgh MSA’s unemployment rate was down five-tenths of a percentage point from July 2010, while Pennsylvania’s rate was down eight-tenths of a percentage point and the national rate was down four-tenths over the same period.
Among the commonwealth’s 14 MSAs, the Pittsburgh MSA had the sixth lowest unemployment rate in July. Within the Pittsburgh MSA, Butler County (6.9%) had the lowest rate and Fayette County (9.4%) had the highest rate. Among Pennsylvania’s 67 counties, unemployment rates ranged from 6.1 percent in Centre County to 11.0 percent in Cameron County.

Seasonally adjusted total nonfarm jobs in the Pittsburgh MSA rose 2,900 in July to 1,143,100. July marked the sixth monthly increase in seasonally adjusted total nonfarm jobs in the 2011 calendar year. Statewide jobs also trended positively, adding 8,700 in July to 5,693,200. Jobs in the Pittsburgh MSA were up 14,600 (1.3%) from July 2010, while Pennsylvania’s jobs rose 70,500 (1.3%) from the previous year’s level. 

Goods-producing jobs in the Pittsburgh MSA fell by 100 in July to 152,900. July’s goods-producing decline followed four consecutive months of increases of at least 3,000. Construction continued to show growth (+600), and has now shown positive movements for five consecutive months. Manufacturing accounted for the only goods-producing decline, ending a four-month positive trend. Over the year, goods producers have added 3,800 jobs, with manufacturing (+1,500), mining & logging (+1,200), and construction (+1,100) all showing increases beyond previous year’s levels. 

Service-providing jobs fell 10,900 in July, returning below the one million job mark. Government provided the steepest decline in July, carried by a seasonal job loss in public schools. The local government decline of 11,900 was slightly larger than the previous five-year average decline of 10,300. Trade, transportation, and utilities experienced the second largest over-the-month job decline, down 1,800. This decline was associated with school bus transportation, and was relatively minor compared to the previous five-year average decline. Professional & business services provided the largest July increase, adding 1,700 jobs and matching the supersector record level of 163,200 set in July of 2008. Leisure & hospitality added 600 jobs in July, establishing a new all-time high level of 116,200.

Over the year, five out of the eight service providing supersectors have shown growth. Trade, transportation, & utilities (+4,800), professional & business services (+3,300), and education & health services (+3,000) have provided the greatest over-the-year increases. Conversely, government (-2,700), information (-300), and other services (-100) have experienced declines from the previous year’s levels.

Friday, August 5, 2011

U.S. added 117,000 jobs in July. Not huge but FAR better than many feared! Previous 2 months revised higher as well!

By Jeffry Bartash, MarketWatch
WASHINGTON (MarketWatch) — The U.S. added 117,000 jobs in July and the unemployment rate fell slightly to 9.1%, the government said Friday, in a better-than-expected report that appeared to temporarily calm jittery financial markets.


The report will reduce fears that the U.S. is heading toward recession,” said Paul Dales, senior U.S. economist at Capital Economics.
Yet while employers hired more workers than economists expected, the gain wasn’t big enough to put a dent in disappointing labor-market trends.

The jobless rate has stayed above 8% for 30 straight months, the longest stretch of high unemployment since the Great Depression in the 1930s. What’s more, the drop in the unemployment rate in July stemmed mainly from a decline in the labor force as discouraged job seekers stopped looking for work.

During times of rapid growth, the U.S. typically adds at least 200,000 jobs a month, but much larger increases would be required for months on end to yank the unemployment rate back down to pre-recession levels.

Read More Here