• Pittsburgh Wages Show Strong Growth

          

    Photo by Cafe Credit

    Wage growth continues to be a bright spot in the southwestern Pennsylvania economy, the latest U.S. Bureau of Labor Statistics data suggest. The average weekly wage in the seven-county Pittsburgh Metropolitan Statistical Area grew 4.1 percent from the second quarter of 2016 to the second quarter of 2017 – the fourth highest growth rate among... More


  • Housing Prices Rise Slowly

          

    Photo by Paul McCarthy

    Housing appreciation in southwestern Pennsylvania remains low compared to benchmark regions. But that doesn’t mean home sales are slack, real estate services say. “It’s a pretty healthy market in the City of Pittsburgh right now and that spills into suburban markets,” said Tom Ceponis, senior vice president, Howard Hanna Real Estate Services. “Our biggest Achilles... More


  • Local Unemployment Down, Still Lags U.S. Rate

          

    Photo by woodleywonderworks

      The unemployment rate in southwestern Pennsylvania continues to fall but can’t quite keep up with the national rate. The Pittsburgh Metropolitan Statistical Area’s unemployment rate decreased from 5.6 percent in October 2016 to 4.7 percent in October 2017.  The national unemployment rate is 4.1 percent. “Historically, it’s a low rate,” said Chris Briem, regional... More


  • Poverty Rates Trend Lower

             

    Photo by daveynin

    Poverty rates declined last year for both the overall southwestern Pennsylvania population and among children in the region, according to recent U.S. Census Bureau American Community Survey data. The annual overall poverty rate for the seven-county Pittsburgh Metropolitan Statistical Area fell from 12.3 percent in 2015 to 10.8 percent in 2016. The decrease dropped the... More


  • Low Unemployment, But Fewer Workers

          

    Photo by Rich McPeek

    There’s good news and bad news for southwestern Pennsylvania when it comes to the latest unemployment data. The good news is the region’s seasonally adjusted unemployment rate fell steeply from 6.0 percent in September 2016 to 4.8 percent in September 2017. The bad news is the low unemployment rate is likely due to people exiting... More


  • Cost of Living Still Stable, Despite Vitality Uptick

          

    Photo by Paul McCarthy

    Despite the luxury condos popping up near Bakery Square and the nationally noted restaurants opening downtown, Pittsburgh remains a relatively affordable region compared to its peers. Pittsburgh has the eighth lowest cost of living out of the 15 Pittsburgh Today benchmark regions, according the Council for Community and Economic Research’s data for the second quarter of 2017.... More