The first Friday of the month is typically when the Bureau of Labor Statistics (BLS) releases the latest monthly estimate of the nation's unemployment rate. Comparable estimates for states and metropolitan regions are released over subsequent weeks. A slight rise in the nation's unemployment rate to 3.9% for December is still near lows not recorded...
Employment at Pittsburgh-region establishments specialized in research and development reached a new peak in recently released employment data. As of the 2nd Quarter of 2018, total employment in the Scientific Research and Development Services reached 8,150 jobs in the seven-county Pittsburgh Metropolitan Statistical Area (MSA). These...
Many are familiar with the economic measurement of Gross Domestic Product (GDP), which is the sum of all goods and services produced in a region. Estimates of GDP are widely used to measure both the size and economic health of nations and subregions. In the United States, national GDP estimates are reported quarterly by the Bureau of Economic...
In September 2018, the unemployment rate for the 7-county Pittsburgh Metropolitan Statistical Area (MSA) was estimated to be 4.1%, near the lowest rates the region has experienced at any point since the mid-1970s. However, the nation's unemployment rate for September dipped to 3.7%, its lowest rate since 1969. Many economic and demographic trends...
