Western Pennsylvania Work OutlookHopefully as you are reading this article, the economical downturn in the job market will have already begun the turn-around in the Western area of our Regional Council. The prospects of work look better in the next three quarters than they have in the past two years. Before I get into the actual upcoming job markets, let me explain and recap the past 2-1/2 years. We all know and endured the Market Crash of 2008. Our work and man hours were relatively good at the time of the Crash and continued through all of 2008 finishing the year at 10.3 million man hours. 2009 employment saw a 10% decrease in man hours to approximately 9.4 million. This trend continued in 2010 with our man hours finishing at 8.4 million – another 10% decrease. In 2011 we are currently at approximately 4.1 million man hours through August 1st. This would appear to be following the two year declining trend. However, we do see a tipping point – that being a turn-around in the next three quarters. We have some large ticket jobs either starting or on the near horizon to start:
These few projects alone equate to over $3.3 billion worth of work. Include some of the miscellaneous work and we could be at over $5 billion worth of work in the next nine months! Michael Sepesy, Team Leader – Western Area |
650 Ridge Rd., Suite 200, Pittsburgh, PA 15205 | (412) 922-6200 | (412) 922-6032 FAX