Twenty First Century Progression
The shifting economy of Pittsburgh has seen changes since the 1990s; these are primarily in banking, healthcare and technology. However, In December 2004, Pittsburgh was forced into an Act 47 because the finances in the city were down. In January 2003 Pittsburgh’s unemployment rate reached 6.8%, but has seen a major decline in, as in April 2005 the rates were near only 4.8%. Since one in every five jobs in Pittsburgh lies within the health care service, Pittsburgh was able to hold steady during the recent economic downturn. During this, the city also began to see growth in other occupations such as the business service and construction. The business service sectors in the 2008 year saw an increase of over 3,000 jobs. During the downturn, Pittsburgh still developed many parts of the city creating over 1,000 construction jobs in the region.
Read more about this topic: Economy Of Pittsburgh
Famous quotes containing the words twenty, century and/or progression:
“It may cost me twenty thousand francs; but for twenty thousand francs, I will have the right to rail against the iniquity of humanity, and to devote to it my eternal hatred.”
—Molière [Jean Baptiste Poquelin] (1622–1673)
“Hence to fight and conquer in all your battles is not supreme excellence; supreme excellence consists in breaking the enemy’s resistance without fighting.”
—Sun Tzu (6–5th century B.C.)
“Measured by any standard known to science—by horse-power, calories, volts, mass in any shape,—the tension and vibration and volume and so-called progression of society were full a thousand times greater in 1900 than in 1800;Mthe force had doubled ten times over, and the speed, when measured by electrical standards as in telegraphy, approached infinity, and had annihilated both space and time. No law of material movement applied to it.”
—Henry Brooks Adams (1838–1918)