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
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