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 and/or progression:
“It is evident, from their method of propagation, that a couple of cats, in fifty years, would stock a whole kingdom; and if that religious veneration were still paid them, it would, in twenty more, not only be easier in Egypt to find a god than a man, which Petronius says was the case in some parts of Italy; but the gods must at last entirely starve the men, and leave themselves neither priests nor votaries remaining.”
—David Hume (1711–1776)
“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)