Earlier this month the Pittsburgh Post Gazette published an article by Harold D. Miller detailing how the recession is now affecting the Pittsburgh Job market place. In “Recession deepens here as job cuts mount,” Miller cites statistics that generate concern for the region’s economic future. The article cited the following as warning indicators:
- Between Feburary 2008 and February 2009, the Pittsburgh region lost 19,200 jobs, the largest loss in a 12 month period that we’ve faced in the past 20 years.
- The rate of job loss in the region has expanded dramatically; between January and Feburary, 2009 the Pittsburgh region had the third largest increase among the top 40 regions.
- Manufacturing registered the greatest loss, with 6,000 manufacturing jobs lost.
- Temporary employment services lost 2,300 jobs between January and February, a faster one month drop than any other major region in the United States.
The Pittsburgh region now has fewer jobs than in the year 2000, whereas most of the major regions still have more jobs today than in the year 2000.
President Obama has put forth an ambitious plan to stimulate national recovery in the months and years ahead. It’s critical that members of our region’s workforce develop their own career insurance policies so that they can avoid the worst impacts of the current recession. Please feel free to contact me with your questions and comments.