Present Situation
The following is a list of the top 10 private employers in Pittsburgh, Pennsylvania.
| Rank | Employer | Number of Pittsburgh employees | Product(s) |
|---|---|---|---|
| 1 | University of Pittsburgh Medical Center | 47,000 | Health care |
| 2 | University of Pittsburgh | 11,000 | Higher education |
| 2 | West Penn Allegheny Health System | 11,000 | Health care |
| 4 | Giant Eagle | 10,000 | Supermarkets |
| 5 | PNC Financial Services | 8,000 | Financial services |
| 6 | Bank of New York Mellon Corporation | 6,900 | Financial services |
| 7 | FedEx Corporation | 5,000 | Transportation |
| 7 | Highmark | 5,000 | Health insurance |
| 9 | U.S. Steel | 4,900 | Steel manufacturing |
| 10 | Carnegie Mellon University | 4,700 | Higher education |
Pittsburgh has seen fewer effects of the recent economic recession than many other American cities. The city's transition from heavy dependence in the manufacturing industries to an economy based on health services, education, and innovative technologies kept Pittsburgh from the worst of the recession. The housing industry never saw the over-inflation rates other regions are dealing with as housing prices actually raised two percent in the last quarter of 2008, while other cities in the nation saw a much higher decline percentage. In the period between 2006 and 2011, the Pittsburgh MSA experienced over 10% appreciation in housing prices—the highest appreciation out of the largest 25 MSAs in the United States. 22 of the top 25 MSAs saw a depreciation of housing values during the same period.
Read more about this topic: Economy Of Pittsburgh
Famous quotes containing the words present and/or situation:
“In the moment when you make the least petition to God, though it be but a silent wish that he may approve you, or add one moment to your life,—do you not, in the very act, necessarily exclude all other beings from your thought? In that act, the soul stands alone with God, and Jesus is no more present to your mind than your brother or your child.”
—Ralph Waldo Emerson (1803–1882)
“Much poetry seems to be aware of its situation in time and of its relation to the metronome, the clock, and the calendar. ... The season or month is there to be felt; the day is there to be seized. Poems beginning “When” are much more numerous than those beginning “Where” of “If.” As the meter is running, the recurrent message tapped out by the passing of measured time is mortality.”
—William Harmon (b. 1938)