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Metro Mix — Pittsburgh, Pennsylvania

Snapshots of economic conditions and prospects for MSAs in the Fourth District

Pittsburgh Metro Mix (October 2016) | PDF

Pittsburgh-area employment rose modestly between March 2015 and March 2016, with most major industry categories in Pittsburgh experiencing weaker employment gains during this period than those same industries nationally. The area’s unemployment rate has also risen sharply over the course of 2016, possibly in part because of reduced activity in the energy sector. While the issuance of residential building permits in the area remains relatively low, home prices have continued to see fairly strong gains. Finally, Pittsburgh’s per capita consumer debt levels have risen more sharply than in the United States or statewide during the two years ending in the second quarter of 2016, though they remain low. Read more…