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Metro Mix — Pittsburgh, Pennsylvania

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

Pittsburgh Metro Mix (September 2017) | PDF

Employment has remained relatively flat in the Pittsburgh metro area throughout the five-year period from 2012 through 2016. In 2016, the metro area’s employment fell slightly, with every major industry category experiencing less employment growth in Pittsburgh than in the nation as a whole. While the metro area’s unemployment rate declined during the first half of 2017, as of June, it remained about a half of a percentage point higher than the national average. Area home prices rose a robust 5.0 percent this year through June; at the same time, the issuance of permits for residential buildings remains low. Finally, the metro area’s per capita consumer debt levels have risen more sharply than in the state or the nation from mid-2014 through the first quarter of 2017, though they, too, remain low. Read more…