Jobs, wages, and Marcellus Shale survey results

Dear Friend,
 

A PittsburghTODAY article released this week offers a revealing look at how Marcellus Shale drilling is perceived by Greater Pittsburgh residents, including those in Washington County, where drilling is highly concentrated. While more than 7 in 10 see drilling as a significant to moderate opportunity to boost the region's economy, half of all residents see it as a threat to the environment and public health. The survey was conducted in partnership with the University of Pittsburgh Center for Urban and Social Research.

 

The total nonfarm job figure for October 2012 in the Pittsburgh region was 1,176,600, and the year-over-year job growth rate was 0.5 percent, which was below the benchmark average of 1.1 percent. Cincinnati had the highest year-over-year job growth rate at 2.8 percent.

 

Manufacturing jobs increased year-over-year by 700 jobs. Other sectors that are doing well include financial activities (up 5.0 percent), professional and business services (up 2.0 percent), and leisure and hospitality (up 3.2 percent). Eds and meds lost ground again year-over-year, declining by 0.7 percent, as did natural resources, mining and construction, which declined 3.9 percent.

 

However, over the five-year period from October 2007 to September 2012, the Pittsburgh region gained 18,800 nonfarm jobs. These figures show that the region is performing comparatively stronger than all of our benchmark regions. Pittsburgh's job growth rate over the past five years was 1.6 percent.

 

Annual wages in the Pittsburgh region are also on the rise. We recently updated wage data for 16 occupations. Lawyers do relatively well in the Pittsburgh region, with an annual average wage of $135,590, while registered nurses do not. Take a look at how the other occupations we track compare to their counterparts in other regions.

 

Thanks for your interest,

 

Douglas Heuck

Program Director

PittsburghTODAY 

 

 

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