TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

State economy improved, jobless rate fell to 7.8% in November

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

Daily Photo Galleries

By Thomas Olson
Friday, Dec. 21, 2012, 12:42 p.m.
 

The number of unemployed Pennsylvania residents fell by 16,000 in November, the largest single month decline since 1983 and the second-largest drop on record, said a report on Friday.

“That 16,000 is a healthy number,” said labor economist Mark Price, of the Keystone Research Center, Harrisburg.

“It's a sign we're back on track,” he said. “This is a nice reversal back in the right direction after the number of unemployed had been rising over the summer.”

The jobless rate also fell sharply to 7.8 percent last month from 8.1 percent in October, according to the state Department of Labor and Industry report.

The economist said the only time that Pennsylvania logged a larger drop in unemployed people was in July 1983, when jobless ranks fell by about 100,000. That drop occurred because the implosion of Big Steel at the time led thousands of suddenly jobless people to leave Pennsylvania for states with better prospects, he said.

Total employment in November, adjusted for seasonal fluctuations, stood at 5.75 million, which was the highest level in four years, or since November 2008. Employment is determined by a survey of state residents.

Private-sector jobs, determined by a survey of employers, increased by 7,200 last month, driven primarily by gains in leisure and hospitality, education and health services, and manufacturing.

“The public sector shed 5,300 jobs, but the private sector added 7,200, which is a good number,” Price said.

“But I don't think this will be repeated in December,” he said.

“The Pennsylvania economy is slowly recovering, and we are adding jobs, but not at a pace where we'd sustain November's really good number.”

Thomas Olson is a staff writer for Trib Total Media. He can be reached at 412-320-7854 or tolson@tribweb.com.

 

 
 


Show commenting policy

Most-Read Stories

  1. Veteran NBC newsman Brokaw says his cancer is in remission
  2. Steelers clinch playoff berth with win over Chiefs
  3. Downie, Farnham bring edge to Penguins lineup
  4. Steelers notebook: Gay respects ‘anything’ referees call
  5. Outdoors notebook: Recruitment campaign fails in first year
  6. Tent city sprouts in shadow of downtown Detroit
  7. Chiefs notebook: Trip not intentional, Walker maintains
  8. Chamber of Commerce’s water boy
  9. Phiadelphia police Commissioner Ramsey urges caution after shootings of officers
  10. New York farmers lament lost opportunity for natural gas riches with fracking ban
  11. Throughout the year, Pittsburgh’s sartorial winners inspire closet envy
Subscribe today! Click here for our subscription offers.