Edit ModuleEdit ModuleShow Tags
Edit ModuleShow Tags

Pittsburgh Economy Depends on Population Growth

Experts say the Pittsburgh region faces a significant obstacle to long-term business growth if its population continues to decline.




photo via Flickr creative commons

 

The jobs may be here, but the workers aren’t. So says PNC Senior Vice President and Chief Economist Gus Faucher, citing uncertainty about immigration and President Trump’s economic policies as negatives that will impact the Pittsburgh region as it continues to grapple with population decline.

Because job growth and population growth go hand-in-hand, the Pittsburgh region faces a significant obstacle to long-term business growth if its population continues to decline. “We did see some acceleration of job growth in Pittsburgh in 2017, but we expect it to decline along with the rest of the country this year as the job market gets tighter,” he says. “It’s more because businesses can’t find workers, rather than a lack of demand on the part of businesses.”

Faucher gave the keynote presentation on the State of the Pittsburgh Economy at a February event hosted by The Institute for Entrepreneurial Excellence at The Towers at PNC Plaza Downtown.

The potential for continued population loss won’t be helped if the Trump Administration imposes stricter rules on immigration, he says. “It could slow economic growth, which would particularly harm a place like Pittsburgh, where population growth is already on the downside.
 

Edit ModuleShow Tags
Edit Module

Edit Module Edit ModuleShow TagsEdit ModuleShow Tags
Edit ModuleShow Tags Edit ModuleShow Tags Edit Module
Edit ModuleShow Tags

The Latest

PM on KD: Give Magazine

PM associate editor Lauren Davidson appeared on KDKA's Pittsburgh Today Live to discuss our latest Give issue, a special edition focused on Pittsburghers giving back.

Spirit Plans Sensory Bending Benefit Dinner

Pittsburgh chefs, bartenders, artists and musicians will help kick-off the Lawrenceville bar's Vault 3.0 with a benefit for its rooftop garden project.

Build or Remodel in 2018? Submit Your Home to Our Best of Design Contest

Categories include Best New and Best Renovated homes, Best Kitchens and Best Outdoor Space.

HGTV's Leanne Ford Partners With PPG on Perfect White Paints

Known for her signature "white on white" aesthetic, the star of "Restored by the Fords" shares her "fail proof" color choices.

Halloween in Pittsburgh: How to Embrace the Fright

From haunted houses and scary movies to pumpkin patches and zombie bars –– we are here to help you experience as much of the ghoulish holiday as you dare.

Perspectives: Mourning Without a Road Map

A 30-year-old woman “who had lost her father too soon” learns the importance of following a plan when saying goodbye.

On Fitness: Peace and Posture Instead of No Pain, No Gain

Client by client, personal trainer Ian Riggins is dismantling the aggressive side of the fitness industry.

Angling for Tranquility: The Lure of Kayak Fishing

Kayak fishing is growing in popularity as anglers discover the peaceful joys of casting a line from the water's surface.

MultiStories: Pittsburgh's Art Deco Obelisk – The Gulf Building

As the Gulf Building rose into Pittsburgh skyline in the early 1930s, the prospects of its owner were headed in the opposite direction.

“First Man” Author to Appear at Heinz History Center

James R. Hansen, author of the authorized Neil Armstrong biography, will speak about the astronaut’s life on Nov. 1.

Results Are In: Jobs are Plentiful in Pittsburgh

Glassdoor’s newly released city shortlist for hot jobs ranks Pittsburgh #1.

The 400-Word Review: The Old Man and the Gun

Robert Redford's alleged final performance is a quiet, fitting farewell.

Sandwich, Helmet, Teammates Await Bell’s Return to Steelers

Le’Veon Bell reportedly intends to return to the Steelers before the second Browns game on Oct. 28, but hasn’t yet. But that didn’t stop some of his teammates from trying to have some fun with Bell at the media’s expense.

A New Day for Craft Beer in Pittsburgh

Day Bracey, along with Ed Bailey and Mike Potter, forges a more inclusive approach to craft brewing.

Southern Cuisine Served with a Big Side of Hospitality

Sugar and Smoke owner Andrea Robinson not only wants to feed customers of her new eatery in Bloomfield –– she wants to know their names.