Posted 4/3/2024, 12:08:26 PM
Pittsburgh Struggles with Slow Job Growth and Economic Decline Despite Lower Unemployment Rate
- Pittsburgh's job growth and economic performance have been very poor over the last 10 years and even worse recently
- The area's unemployment rate dropped to 3.2% in February, lower than state and national averages
- 6 of 11 employment sectors had job gains over the past year, but professional and business services lost 3,300 jobs
- Declines in downtown office workers, transit ridership, and airport passengers are serious economic issues
- Pennsylvania's declining labor force participation rate, especially among youth, contributes to employment struggles