January 4, 2018

Current Situation

2018 starts with the US economy in a pretty good place. Economic growth, measured by GDP, has been strong in the second and third quarters of 2017. The annualized growth rate these two quarters topped 3 percent and there is no reason to doubt that the fourth quarter figure will also be solid.

U.S. Economic Growth by Quarter 

A strong econom...

December 10, 2017

In our previous post, we looked at productivity by metro and identified the types of occupations that are more prevalent in high production metros. Today, we will look at how productivity translates into real income using the Census Bureau’s ACS 1-year data.

As a reminder, here is how our largest metros (those with a population of at least 1 million) broke...

November 27, 2017

Yes, your metro works hard, but is it productive?

Per-capita GDP takes a metro’s GDP and divides it by the population. This simple calculation yields some surprising results. We may think that people work hard everywhere, and that is true, but GDP on a per-capita basis is quite varied throughout the country. We can see the full scope of this variation in j...

October 30, 2017

Through their recently released 10-year employment forecast, the Bureau of Labor Statistics (BLS) is forecasting the creation of 11.5 million jobs between 2016 and 2026. The forecast is very detailed and we can see which occupations are going to be creating most of that growth. Not too surprisingly, healthcare occupations (both technical and support) acco...

September 25, 2017

 Metro GDP numbers were recently released. Here are a couple of highlights.

  • Tech Dominates. San Jose is the fastest growing large metro in the country (for the third straight year. San Francisco, Raleigh, Austin and Seattle (all tech hubs) round out the top five.

  • Oil Booms also Bust. In prior years, Houston was near the top of this list, and oil p...

September 11, 2017

It is not often that potential economic development deals reach the top of the national news, but Amazon’s announcement that they will be looking for a second headquarters did just that.

In case you missed it, Amazon announced they were asking large metros (with at least 1 million people) in North America to submit requests for proposal to be their second...

September 7, 2017

I have had the pleasure to work with the Clay County Economic Development Council as they begin to plan for the future. Last month I gave a demographic and economic presentation that gives the Council a good understanding of where the County is today and what strengths they can build on in the future. 

April 11, 2017

Full disclosure here, I initially started this analysis by asking which metros had the greatest share of adaptable jobs in traded sectors. By adaptable, I meant jobs that could transition and remain in demand in any foreseeable economic future, particularly a future that automates jobs into oblivion. By traded, I am looking at occupations that are usually...

March 26, 2017

It is new data (2016 Population Estimates), but the story is much the same. Southern metros dominated the most recent population growth data. The Dallas-Ft. Worth and Houston metros each added over 100,000 new residents. Phoenix, Atlanta and Seattle round out the top 5.

The interactive map below allows you to explore the population trends in the largest me...

February 13, 2017

The ability for a metro to attract and retain talent is vital to its success in today’s competitive economy.  The Census Bureau’s American Community Survey allows us to see which metros are more attractive to educated workers. We can see how many educated adults (aged 25+ with at least a bachelor’s degree) move into our largest metros and how many move ou...

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