Ignore this

Ignore this. No big deal.  Not that there is a recession or anything.  Well.. the recession has been over for some time technically I suppose, but it’s not like job growth is getting anyone excited.  Anyway for us:

Total nonfarm jobs in the Pittsbrugh region for October 2011 come in at the highest level for . . . → Read More: Ignore this

Marcellus Bar None

Things that fascinate me.  From the Legal Intelligencer on Marcellus Shale induced migration to Pittsburgh…  of lawyers of course.

See:  Marcellus Shale Attracts Laterals From Miles Around

Curious quote in there. I can’t quite figure why it is there:

“I don’t want to be a wannabe,” he said. “Somebody once said to me, ‘There . . . → Read More: Marcellus Bar None

Someone's unhappy

Not surprising, but someone is unhappy with Pittsburgh City Council’s vote to let there be a public referendum on gas drilling within the city.  See the PR from the Pennsylvania chapter of the American Petroleum Institute: Pittsburgh City Council Must Focus on Job Creation.

You would think such a press release would want to . . . → Read More: Someone’s unhappy

The Ride Down Mount Parnassus

It’s like the Groundhog Day of economic impact reports released again yestersay. I guess this will be an annual event.

I guess I really need get back to my Marcellus Shale experiment from last week. Last week I had put up a chart, deliberately unlabeled in part with some data on employment. The horizontal/time . . . → Read More: The Ride Down Mount Parnassus

Jobs Über Alles

By far the best look at the jobs issues surrounding Marcellus Shale to date.  WSJ: Gas Drilling Bringing Jobs to Pennsylvania, but How Many?

Still deserves a lot more poking, and I suspect folks will be writing long ex post on the jobs projections many take for granted compared to what we eventually will measure.

. . . → Read More: Jobs Über Alles

Job Cuts Lowest In January Since Report Began

On Wednesday the Challenger Job-Cut Report registered the fewest layoff announcements for any January since the measurement began in 1993. The Challenger Job-Cut Report is produced by Challenger, Grey & Christmas and tracks layoffs by industry and region.

According to the report, January 2011 cuts are down 46 percent from those announced in January . . . → Read More: Job Cuts Lowest In January Since Report Began

2011: A Year of Significant Job Growth?

Several of the first credible reports on the health of the job growth in the U.S. point to significant additions ahead in the labor market for 2011.

On Wednesday, the ADP employment report indicated a gigantic 297,000 surge for December private payrolls. This gain is far outside even the most high-end of expectations for . . . → Read More: 2011: A Year of Significant Job Growth?

U.S. Recovery Now Firing on Multiple Cylinders

Many reports out on Wednesday point to a U.S. recovery that is exhibiting healthy signs on many different fronts.

Motor vehicle sales are now enjoying a strong run. U.S.-made vehicle sales held unchanged in November at a 9.1 million unit annual rate. The results surprised many recovery skeptics who were calling for a fizzle . . . → Read More: U.S. Recovery Now Firing on Multiple Cylinders

Chicago PMI Up, Consumer Confidence Jumps, Retail Spikes

On Tuesday, Chicago manufacturing reports and Consumer Confidence led the good news of the day.

Chicagoland continues to report accelerating month-to-month growth in their manufacturing sector. New orders rose in November vs October to extend what is now extremely strong order growth trending. Production is now cranking and like other regions is raising the . . . → Read More: Chicago PMI Up, Consumer Confidence Jumps, Retail Spikes

Net Jobs Growth Begins – Substantial Additions By Spring

You may recall our optimistic prediction in November that the positive trending in the labor market pointed to net jobs growth by Christmas. Revised government numbers on Friday bolstered that assertion.

Further it is now clear that for job seekers in 2010, the economy will likely be their friend. With a 5.7% GDP growth . . . → Read More: Net Jobs Growth Begins – Substantial Additions By Spring