When an exodus isn't

So these rumors have been bubbling for some time, but Jon Delano/KDKA talks about the next big office building that may be built downtown. New Skyscraper Could Be Built In Downtown Pittsburgh

But note this quote:

“We’ve really been fighting this exodus, if you will, from downtown Pittsburgh and from the region, and now . . . → Read More: When an exodus isn’t

Daily Ranking: Bricks, mortar and jobs

Well, one could note the regional unemployment rate dropped below 8%.  Almost sounds like bad news.

To dig into the numbers beyond the headline…  according to a report from the Associated General Contractors of America the total gain in the absolute # of construction jobs here over the last year, +1,800 between December 2009 . . . → Read More: Daily Ranking: Bricks, Mortar and Jobs

Q4 Growth Likely to be Stronger than Q3

Thursday we got another indication that the U.S. economy is returning to strong growth. The government’s first estimate for the third quarter came in at a 3.5 percent annual pace.

Again most economists were wrong. The consensus was for only a 3.2% jump. In fact several analysts had actually lowered their estimates yesterday . . . → Read More: Q4 Growth Likely to be Stronger than Q3

First Week of June Bursting Out with Good News

It was a week that was flush with positive news stories.

1. Personal income in April was reported to rebound sharply. Personal income jumped 0.5 percent in April far better than the forecast by most economists for a 0.2 percent drop. House investor’s rental income also spiked up 3.1 percent after several months of . . . → Read More: First Week of June Bursting Out with Good News