Through the end of 2020, the COVID-19 pandemic has had significant and ongoing economic impacts both nationally and regionally. These employment impacts peaked during the spring of 2020 and resulted in temporary and extended job losses. While there was a rebound in regional employment levels from peak job losses in the spring, total employment in...
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Regional GDP Growth
In December the Bureau of Economic Analysis (BEA) released updated estimates for Gross Domestic Product (GDP) for individual metropolitan and counties ares across the United States. GDP is a key economic metric estimating the value of the final goods and services produced in a regional or national economy. At the local level GDP can also called...
In December the Pennsylvania Center for Workforce Information and Analysis (CWIA) released updated projections of employment by industry and occupation for the state and individual metropolitan statistical areas (MSAs) within Pennsylvania. These projections estimate employment change over a ten-year period: 2018-2028 for both major industries and...
Across the nation, some of the worst-hit industries during the COVID-19 pandemic include restaurants and related food service industries. At the beginning of 2020, there were 4,226 restaurants and other eating places across the Pittsburgh region. In addition, the region had just under 600 establishments categorized as drinking places (alcoholic...