Today the U.S. Bureau of Economic Analysis (BEA) released 2018 estimates of real personal income and real per capita personal income for states and metropolitan statistical areas (MSAs) in the United States. Personal income is income that people receive from wages and salaries, Social Security and other government benefits, dividends and interest,...
On Thursday, March 26 The U.S. Department of Labor reported that over 3.28 million initial unemployment claims were filed across the nation during the week ending March 21, the highest level of new unemployment claims ever recorded. Pennsylvania had the largest increase in the number of first time claims for unemployment insurance with 378,900...
The full impact of the economic slowdown induced by the spread of COVID-19 will likely not be known for an extended period of time. But the directive from Pennsylvania state government on March 19 to close all non-life-sustaining business locations across Pennsylvania is directly impacting a large proportion of the business establishments and...
In 2018, the Bureau of Economic Analysis (BEA) released for the first time prototype estimates of Gross Domestic Product (GDP) for all counties in the United States. That initial release included data through 2015. Today the BEA released the first official county-level estimates for all counties in the United States for the years 2001-2018.
The Bureau of Economic Analysis (BEA) compiles annual estimates of personal income for all counties and metropolitan areas in the United States. In November, the BEA released updated local area personal income estimates for 2018. For 2018, the annual per capita personal income for the Pittsburgh Metropolitan Statistical Area (MSA) is estimated to...
Official poverty thresholds compiled annually by the Census Bureau are specific dollar amounts considered to be the minimum income levels to meet the basic needs of an individual or family unit. These income thresholds are based on pretax income and vary by family size and composition. Official poverty thresholds do not take into account regional...
For both Pittsburgh and the nation, union membership, and the percentage of regional workers covered by collective bargaining agreements dropped significantly over the half-century following World War II. This trend has impacted Pittsburgh which saw a major contraction of its highly unionized manufacturing industries over the same period. However,...
In April, researchers at the Federal Reserve Banks of Cleveland and Philadelphia updated their ongoing research on opportunity employment. Opportunity employment is defined as jobs accessible to workers without a bachelor's degree and typically paying above the national median income (2017: $37,690), adjusted for local cost of living differences....
Earlier in April, the Census Bureau released 2018 Annual Statistics from its Housing Vacancies and Homeownership (CPS/HVS) program. This data provides current information on the rental and homeowner vacancy rates, and characteristics of units available for occupancy for the United States, regions, states and the nation's largest metropolitan...
Moderate employment growth for the Pittsburgh region in recent years masks ongoing shifts in types of jobs in demand within the regional workforce. While total nonfarm jobs in the Pittsburgh Metropolitan Statistical Area (MSA) increased by just 5.4% between 2010 and 2018, far greater employment gains and losses are taking place within specific...
