Mike Alexander, AICP Research and Analytics Division Manager Atlanta Regional Commission

Size: px
Start display at page:

Download "Mike Alexander, AICP Research and Analytics Division Manager Atlanta Regional Commission"

Transcription

1 Making the Case: THE NEW ECONOMY of an Aging Population in Metropolitan Atlanta Mike Alexander, AICP Research and Analytics Division Manager Atlanta Regional Commission

2 For the First Time in Forever Fewer Births and less Migration Means FEWER New People

3 Fertility

4 Population Growth Comparison 200,000,000 3,500,000 3,000, ,000, ,000,000 50,000, ,000,000 3,000,000 2,500,000 2,000,000 1,500,000 1,000, , ,500,000 2,000,000 1,500,000 1,000, , , Change Change Change United States 20-County Area Rest of Georgia (139 Counties) Source: ARC Plan 2040 Transportation Update (2014) (20- County Area)

5 Longevity

6 Age and Sex in USA: Source: Census Bureau National Projections 2012

7 Who is Working is Changing Ages Ages Ages 75+ Source: ARC Plan 2040 Transportation Update (2014) (10- County Area) Ages Ages Ages 45-54

8 NEW ECONOMIC STRENGTH In 2013 Q1, those aged 65+ held 3.7% of the jobs in the 10-county ARC area The average monthly wage is $1,208 for those 65+, which does lag the overall average monthly wage for all others (18-64) in the workforce at $1,400 Billion in 65+ Wages Actually, it is $960 million (2013) For some higher-paying industries, e.g. Professional Services, Mgmt. of Companies, average wages for 65+ are higher let s compare to 2007 (just 5 years ago) then to 2000 Source: Census Bureau Quarterly Workforce Indicators (ARC Analysis)

9 Growth in the 65+ Workforce , ,000 Increased by Almost 100% From , the jobs for those 65+ did increase 16,802, BUT Jobs for increased 119,786 The explosion in 65+ happened in recession and recovery period of Between 2007 and 2013 (recession and recovery), the 65+ workforce has increased by 14,846 jobs while the job base has declined by 78,656 jobs! So jobs filled by 65+ went up almost 30%, while jobs filled by those aged fell by 4% Source: Census Bureau Quarterly Workforce Indicators (ARC Analysis)

10 Rehearsing the Future using Economic Forecasting

11 WHAT DOES REMI SAY? REMI Econometric Model Features Model incorporates four unique quantitative methodologies Integrated Dynamic Measures economic impacts and responsive demographic and economic changes over time Each model is custom built to match regional client specificity Customized Structural Incorporates transparent and robust economic linkages built on proven methods and theory Source: REMI

12 Age Population Growth In Thousands To 2013 To 2040 Source: ARC Plan 2040 Transportation Update (2014) (20- County Area)

13 Age Composition Change 12.00% 10.00% Percent of Total Population 8.00% 6.00% 4.00% 2.00% 0.00% -2.00% -4.00% To 2013 To 2040 Source: ARC Plan 2040 Transportation Update (2014) (20- County Area)

14 Extreme Aging Thousands Ages 85+ Ages Ages Ages Ages Ages Source: ARC Plan 2040 Transportation Update (2014) (20- County Area) 14

15 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Regional Age By Race/Ethnicity 1990 to 2040 Age 0-14 Age Age % 90% 80% 70% 60% 50% 8% 16% 30% 8% 21% 24% 30% 33% 9% 34% 33% 30% 27% 65% 54% 41% 37% 37% 34% % 6% 10% 13% 17% 21% 23% 7% 27% 31% 9% 31% 30% 29% 40% 74% 30% 63% 52% 48% 20% 45% 41% 10% 0% Source: ARC Plan 2040 Transportation Update (2014) (20- County Area) 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 3% 12% 14% 17% 29% 32% 7% 23% 26% 9% 37% 34% 32% 30% 66% 51% 42% 40% 36% 35% Age 65+ 1% 2% 3% 4% 4% 7% 11% 17% 18% 22% 9% 23% 25% 26% 82% 78% 71% 66% 61% 54%

16 Population Determinants 60 Components In Thousands Total Population in Millions Net Econ migrants - All Natural Change Total Population 2000 Source: ARC Plan 2040 Transportation Update (2014) (20- County Area)

17 Region s Employment Opportunity 25 Economic Migrants by Race/ Ethnicity in Thousands White-NonHispanic Black-NonHispanic Other-NonHispanic Hispanic Source: ARC Plan 2040 Transportation Update (2014) (20- County Area)

18 1990 Labor Force Source: ARC Plan 2040 Transportation Update (2014) (20- County Area)

19 Labor Force 2013 Source: ARC Plan 2040 Transportation Update (2014) (20- County Area)

20 Labor Force 2040 Source: ARC Plan 2040 Transportation Update (2014) (20- County Area)

21 Dimensions of Regional Growth Fiscal Effects of an Aging Population and Change Source: REMI, Fulton Graying of America webinar

22 Fiscal Effects of an Aging Population Source: REMI, Fulton Graying of America webinar

23 Economic Fiscal Effects Benefits of an Aging of Population Retirees Retirees bring incomes earned from outside of region Pension Payments, Social Security, and other retirement savings Outside income spent on housing, health care, consumer goods and services Attracting (or retaining) retirees can be viewed as an export industry of the region, similar to tourism Source: REMI, Fulton Graying of America webinar

24 Fiscal Effects of an Aging Population Retirement Migration and the Economy Demand Side Retirees have significant spending on goods and services Consumption patterns differ for retirees (e.g. more health care spending) Supply Side Loss of labor force as baby boom moves from working to retirement Regions need to replace this labor force through natural growth or in-migration Source: REMI, Fulton Graying of America webinar

25 REMI Fiscal Retirement Effects of an Migration Aging Population Scenario What if more retirees move to Metro Atlanta??? $40Billion More in Personal Income $7.8Billion In Additional GDP FOR THE 20-COUNTY AREA; ARC TRANSIGHT MODEL Assumptions Annual increase of 1, retired migrants per year to 20-county economy from Distribution weighted on 65+ population in each county No explicit costs considered Potential Impacts (DRAFT; not net benefits) Increase of $40B in Personal Income Increase of $7.8B in GDP Almost 100,000 more job-years for the economy Population increase of 16,000 by 2040 (LOSS across some other cohorts) Source: REMI

26 REMI Fiscal Working Effects Age of an Migration Aging Population Scenario What if more working age(18-64) people move to Metro Atlanta? $4Billion More in Personal Income $2.6Billion In Additional GDP FOR THE 20-COUNTY AREA; ARC TRANSIGHT MODEL Assumptions Annual increase of 1,000 migrants aged per year to 20-county economy from Distribution weighted on population aged in each county No explicit costs considered Potential Impacts (DRAFT; not net benefits) Increase of $4B in Personal Income Increase of $2.6 in GDP Almost 29,400 more job-years for the economy Population increase of 8,000 by 2040 Source: REMI (ARC Analysis)

27 Fiscal What Effects You of Need an Aging to Population know! The New Economy is increasingly dependent on the work of our 65+ population These workers are already earning close to a BILLION dollars a year in wages In the future, these workers will add billions to our regional economy in the future. Attracting additional retirees to Metro Atlanta would have strong positive impact to our Economy Seniors are a critical part of our economic competitiveness Source: REMI (ARC Analysis)

28 Making the Case: THE NEW ECONOMY of an Aging Population Mike Alexander, AICP Research and Analytics Division Manager Atlanta Regional Commission

29

30

31 (1)National Demographic Trends Source: REMI, Fulton Graying of America webinar

32 (2)National Demographic Trends Fiscal Effects of an Aging Population Source: REMI, Fulton Graying of America webinar

33 Regional Attractiveness Thousands Net Ret Migrants Net Domestic Migrants Net Int. Migrant Source: Plan 2040 Transportation Update, 2014

34 National Labor Force Participation Rates by Race/ Ethnicity Estimated 1992-Projected Hispanic Asian White NH Black Source: Bureau of Labor Statistics

35 Region s Labor Force 4,000 Regional Labor Market 67% 3,600 66% 3,200 65% 2,800 64% in Thousands 2,400 2,000 1,600 63% 62% 61% Rate 1,200 60% % % % Labor Force Participation rates Source: ARC Plan 2040 Transportation Update (2014) (20- County Area)

36

Metro Houston Population Forecast

Metro Houston Population Forecast Metro Houston Population Forecast Projections to 2050 Prepared by the Greater Houston Partnership Research Department Data from Texas Demographic Center www.houston.org April 2017 Greater Houston Partnership

More information

CHAPTER 3 POPULATION AND ECONOMIC CHARACTERISTICS

CHAPTER 3 POPULATION AND ECONOMIC CHARACTERISTICS CHAPTER 3 POPULATION AND ECONOMIC CHARACTERISTICS INTRODUCTION Population trends in La Vista and its respective planning jurisdiction serve as valuable indicators of future development needs and patterns

More information

Rifle city Demographic and Economic Profile

Rifle city Demographic and Economic Profile Rifle city Demographic and Economic Profile Community Quick Facts Population (2014) 9,289 Population Change 2010 to 2014 156 Place Median HH Income (ACS 10-14) $52,539 State Median HH Income (ACS 10-14)

More information

CRS Report for Congress

CRS Report for Congress Order Code RL30122 CRS Report for Congress Pension Sponsorship and Participation: Summary of Recent Trends Updated September 6, 2007 Patrick Purcell Specialist in Income Security Domestic Social Policy

More information

Florida: Demographic Trends

Florida: Demographic Trends Florida: Demographic Trends September 26, 2011 Presented by: The Florida Legislature Office of Economic and Demographic Research 850.487.1402 http://edr.state.fl.us Population Growth Recovering Population

More information

Transitions. Population and Economic Trends for Colorado and Garfield County

Transitions. Population and Economic Trends for Colorado and Garfield County Transitions Population and Economic Trends for Colorado and Garfield County Elizabeth Garner State Demography Office Colorado Department of Local Affairs Summer 2016 www.colorado.gov/demography Main Points

More information

A Summary of The Texas Challenge in the Twenty- First Century: Implications of Population Change for the Future of Texas

A Summary of The Texas Challenge in the Twenty- First Century: Implications of Population Change for the Future of Texas A Summary of The Texas Challenge in the Twenty- First Century: Implications of Population Change for the Future of Texas The Center for Demographic and Socioeconomic Research and Education by Steve H.

More information

Pension Sponsorship and Participation: Summary of Recent Trends

Pension Sponsorship and Participation: Summary of Recent Trends Cornell University ILR School DigitalCommons@ILR Federal Publications Key Workplace Documents 9-8-2008 Pension Sponsorship and Participation: Summary of Recent Trends Patrick Purcell Congressional Research

More information

CURRENT DEMOGRAPHICS & CONTEXT GROWTH FORECAST SOUTHERN CALIFORNIA ASSOCIATION OF GOVERNMENTS APPENDIX

CURRENT DEMOGRAPHICS & CONTEXT GROWTH FORECAST SOUTHERN CALIFORNIA ASSOCIATION OF GOVERNMENTS APPENDIX CURRENT DEMOGRAPHICS & CONTEXT GROWTH FORECAST SOUTHERN CALIFORNIA ASSOCIATION OF GOVERNMENTS APPENDIX PROPOSED FINAL MARCH 2016 INTRODUCTION 1 FORECASTING PROCESS 1 GROWTH TRENDS 2 REGIONAL GROWTH FORECAST

More information

Metropolitan Washington Area Key Economic & Demographic Indicators

Metropolitan Washington Area Key Economic & Demographic Indicators Metropolitan Washington Area Key Economic & Demographic Indicators Arlington County Community Facilities Study March 11, 2015 Lisa A. Sturtevant, PhD Vice President of Research National Housing Conference

More information

CRS Report for Congress Received through the CRS Web

CRS Report for Congress Received through the CRS Web Order Code RL33387 CRS Report for Congress Received through the CRS Web Topics in Aging: Income of Americans Age 65 and Older, 1969 to 2004 April 21, 2006 Patrick Purcell Specialist in Social Legislation

More information

Population and Labor Force Projections for New Jersey: 2008 to 2028

Population and Labor Force Projections for New Jersey: 2008 to 2028 Population and Labor Force Projections for New Jersey: 2008 to 2028 by Sen-Yuan Wu, Division of Labor Market and Demographic Research Similar to other northern states, New Jersey has had slower population

More information

Pension Sponsorship and Participation: Summary of Recent Trends

Pension Sponsorship and Participation: Summary of Recent Trends Cornell University ILR School DigitalCommons@ILR Federal Publications Key Workplace Documents 9-11-2009 Pension Sponsorship and Participation: Summary of Recent Trends Patrick Purcell Congressional Research

More information

Aging and the Pennsylvania Economy. Task Force on Private Sector Retirement Security January 25, 2018

Aging and the Pennsylvania Economy. Task Force on Private Sector Retirement Security January 25, 2018 Aging and the Pennsylvania Economy Task Force on Private Sector Retirement Security January 25, 2018 Aging Population Has Broad Implications Pennsylvania undergoing dramatic transformation. Began roughly

More information

OVERVIEW OF THE SAN DIEGO REGION Current Conditions and Future Trends

OVERVIEW OF THE SAN DIEGO REGION Current Conditions and Future Trends OVERVIEW OF THE SAN DIEGO REGION Current Conditions and Future Trends Why do we need a Regional Comprehensive Plan? Let s examine the facts. It helps to look at some objective statistical information that

More information

Independence, MO Data Profile 2015

Independence, MO Data Profile 2015 , MO Data Profile 2015 5 year American Community Survey (ACS) Jackson County, Missouri Data sources: U.S. Census Bureau, American Community Survey (ACS), 2011 2015 (released December 8, 2016), compared

More information

Clay County Comprehensive Plan

Clay County Comprehensive Plan 2011-2021 Clay County Comprehensive Plan Chapter 1: Demographic Overview Clay County Comprehensive Plan Demographic Overview Population Trends This section examines historic and current population trends

More information

CRP 566 DEMOGRAPHIC ANALYSIS INTRODUCTION. Dave Swenson Department of Economics College of Agriculture and Life Sciences Iowa State University

CRP 566 DEMOGRAPHIC ANALYSIS INTRODUCTION. Dave Swenson Department of Economics College of Agriculture and Life Sciences Iowa State University CRP 566 DEMOGRAPHIC ANALYSIS INTRODUCTION Dave Swenson Department of Economics College of Agriculture and Life Sciences Iowa State University OBJECTIVES Understanding of the role of demographic analysis

More information

Population & Demographic Analysis

Population & Demographic Analysis Population & Demographic Analysis The United States Census Bureau conducts a nationwide census every ten years. This census compiles information relating to the socio-economic characteristics of the entire

More information

Aging Seminar Series:

Aging Seminar Series: Aging Seminar Series: Income and Wealth of Older Americans Domestic Social Policy Division Congressional Research Service November 19, 2008 Introduction Aging Seminar Series Focus on important issues regarding

More information

Enhancing Economic Security for the Latino Community

Enhancing Economic Security for the Latino Community Enhancing Economic Security for the Latino Community March 21, 2012 Presented at a Symposium Honoring the Center for Policy Research on Aging s 15 th Anniversary Aging in a Minority-Majority Nation: Interracial

More information

Monte Vista Population, ,744 4,651 4,564 4,467 4,458 4,432 4,451

Monte Vista Population, ,744 4,651 4,564 4,467 4,458 4,432 4,451 1 Monte Vista 4,8 4,7 4,6 4,5 4,4 4,3 4,2 4,1 4,61 4,612 4,61 4,676 Monte Vista, 2-213 4,744 4,651 4,564 4,467 4,458 4,432 4,451 4,418 4,412 4,355 2 21 22 23 24 25 26 27 28 29 21 211 212 213 Year Monte

More information

Oregon Population Forecast Program Regional Forecast Meeting - September 23, 2014

Oregon Population Forecast Program Regional Forecast Meeting - September 23, 2014 Oregon Population Forecast Program Regional Forecast Meeting - September 23, 2014 Presentation by Population Forecast Program Team CURRY COUNTY Oregon Population Forecast Program Project Team Xiaomin Ruan,

More information

v1.7 (changes from PI + v1.6r)

v1.7 (changes from PI + v1.6r) v1.7 (changes from PI + v1.6r) Major Economic Data Sources Employment County BEA LAPI (sector industries; 2001-2013) 1 2 State BEA SPI (summary industries; 1998-2013) 3 National BEA SPI (summary industries;

More information

Colorado and Eagle County

Colorado and Eagle County Colorado and Eagle County Population and Economic Transitions Vail Symposium 2017 Elizabeth Garner State Demography Office Colorado Department of Local Affairs Demography.dola.colorado.gov Ideas Demographics

More information

Population and Poverty Data by Cook County Zip Code, updated December 2016

Population and Poverty Data by Cook County Zip Code, updated December 2016 child under age 6 Race/Ethnicity of Black White Asian Multiple Races of with of of Zip Code Age 0 2 Age 3 4 Age 5 Age 6 12 0 5 6 17 0 5 6 11 0 5 6 11 60004 50,639 1,870 1,321 614 4,271 2,436 8% 1% 81%

More information

Economic Impact of the Oklahoma Manufacturing Sector Winter 2018 Prepared by Prepared for

Economic Impact of the Oklahoma Manufacturing Sector Winter 2018 Prepared by Prepared for Economic Impact of the Oklahoma Manufacturing Sector Winter 2018 Prepared by Prepared for Population, Labor Force, & Employment Summary Population in any given year is determined by adding the net natural

More information

Poverty Rises, Median Income Falls and More Minnesotans Go Without Health Insurance in 2010

Poverty Rises, Median Income Falls and More Minnesotans Go Without Health Insurance in 2010 Poverty Rises, Median Income Falls and More Minnesotans Go Without Health Insurance in 2010 Economic well-being of Minnesotans is declining The United States has weathered two recessions in the last decade,

More information

v2.2 (changes from PI + v2.1)

v2.2 (changes from PI + v2.1) v2.2 (changes from PI + v2.1) Major Economic Data Sources Employment County BEA LAPI (sector industries; 2001-2016) 1 State BEA SPI (summary industries; 2001-2016) 2 National BEA SPI (summary industries;

More information

Demographic Future of the Southern California Region

Demographic Future of the Southern California Region Demographic Future of the Southern California Region Simon Choi, Ph.D Chief of Research & Forecasting Southern California Association of Governments(SCAG) Southern California Water Dialogue, Metropolitan

More information

From Crisis to Transition Demographic trends and American housing futures, with lessons from Texas

From Crisis to Transition Demographic trends and American housing futures, with lessons from Texas From Crisis to Transition Demographic trends and American housing futures, with lessons from Texas Rolf Pendall, Ph.D. The Urban Institute Presentation to the Bipartisan Housing Commission, San Antonio,

More information

Population and Housing Demand Projections for Metro Boston Regional Projections and Provisional Municipal Forecasts

Population and Housing Demand Projections for Metro Boston Regional Projections and Provisional Municipal Forecasts Population and Housing Demand Projections for Metro Boston Regional Projections and Provisional Municipal Forecasts January, 2014 Metropolitan Area Planning Council Appendix F: Formulas for calculation

More information

Methodology behind the Federal Reserve Bank of Atlanta s Labor Force Participation Dynamics

Methodology behind the Federal Reserve Bank of Atlanta s Labor Force Participation Dynamics February 14, 219 Methodology behind the Federal Reserve Bank of Atlanta s Labor Force Participation Dynamics https://www.frbatlanta.org/chcs/labor-force-participation-dynamics By Ellyn Terry The methodology

More information

Population, Housing, and Employment Methodology

Population, Housing, and Employment Methodology Appendix O Population, Housing, and Employment Methodology Final EIR APPENDIX O Methodology Population, Housing, and Employment Methodology This appendix describes the data sources and methodologies employed

More information

Population Forecasts for Lane County, its Cities and Unincorporated Area

Population Forecasts for Lane County, its Cities and Unincorporated Area ulation Forecasts for Lane County, its Cities and Unincorporated Area 2008-2035 Prepared by: ulation Research Center College of Urban and Public Affairs Portland State University May 2009 ulation Forecasts

More information

Regional Data Snapshot

Regional Data Snapshot Regional Data Snapshot Population, Economy & Education Features SET Civic Forum Forest Country Region (FCR), Texas Table of Contents 01 Overview 03 Human Capital 02 Demography 04 Labor Force 01 overview

More information

Transitions. Population and Economic Trends for Colorado

Transitions. Population and Economic Trends for Colorado Transitions Population and Economic Trends for Colorado Cindy DeGroen State Demography Office Colorado Department of Local Affairs 2016 www.colorado.gov/demography State Demography Office State agency

More information

Robert D. Cruz, PhD, Chief Economist Miami-Dade County 305-375-1879 cruzr1@miamidade.gov www.miamidade.gov/economicdevelopment Department of Regulatory and Economic Resources Page 1 Local economic indicators

More information

Methods and Data for Developing Coordinated Population Forecasts

Methods and Data for Developing Coordinated Population Forecasts Methods and Data for Developing Coordinated Population Forecasts Prepared by Population Research Center College of Urban and Public Affairs Portland State University March 2017 Table of Contents Introduction...

More information

TECHNICAL REPORT NO. 11 (5 TH EDITION) THE POPULATION OF SOUTHEASTERN WISCONSIN PRELIMINARY DRAFT SOUTHEASTERN WISCONSIN REGIONAL PLANNING COMMISSION

TECHNICAL REPORT NO. 11 (5 TH EDITION) THE POPULATION OF SOUTHEASTERN WISCONSIN PRELIMINARY DRAFT SOUTHEASTERN WISCONSIN REGIONAL PLANNING COMMISSION TECHNICAL REPORT NO. 11 (5 TH EDITION) THE POPULATION OF SOUTHEASTERN WISCONSIN PRELIMINARY DRAFT 208903 SOUTHEASTERN WISCONSIN REGIONAL PLANNING COMMISSION KRY/WJS/lgh 12/17/12 203905 SEWRPC Technical

More information

The employment projections for

The employment projections for Employment outlook: 2008 18 The employment projections for 2008 18 The employment structure of the U.S. economy in 2018 is expected to remain similar to that of 2008, although changes in shares of employment

More information

Williston Basin 2016: Employment, Population, and Housing Projections

Williston Basin 2016: Employment, Population, and Housing Projections Williston Basin 2016: Employment, Population, and Housing Projections Vision West Consortium Meeting December 8, 2016 Dickinson, ND Dean A. Bangsund Department of Agribusiness and Applied Economics Nancy

More information

Florida Demographic In-Depth Analysis

Florida Demographic In-Depth Analysis Florida Demographic In-Depth Analysis Taxation & Budget Reform Commission Presented by: The Florida Legislature Office of Economic and Demographic Research 850.487.1402 http://edr.state.fl.us Economy Population

More information

2. Demographics. Population and Households

2. Demographics. Population and Households 2. Demographics This analysis describes the existing demographics in. It will be used to identify the major demographic trends that may have an effect on public policy in in the next decade. Demographic

More information

WHO S LEFT TO HIRE? WORKFORCE AND UNEMPLOYMENT ANALYSIS PREPARED BY BENJAMIN FRIEDMAN JANUARY 23, 2019

WHO S LEFT TO HIRE? WORKFORCE AND UNEMPLOYMENT ANALYSIS PREPARED BY BENJAMIN FRIEDMAN JANUARY 23, 2019 JANUARY 23, 2019 WHO S LEFT TO HIRE? WORKFORCE AND UNEMPLOYMENT ANALYSIS PREPARED BY BENJAMIN FRIEDMAN 13805 58TH STREET NORTH CLEARNWATER, FL, 33760 727-464-7332 Executive Summary: Pinellas County s unemployment

More information

POPULATION 1 I. INTRODUCTION BACKGROUND POLICY:

POPULATION 1 I. INTRODUCTION BACKGROUND POLICY: POPULATION 1 POLICY: FOR PLANNING PURPOSES, JACKSON COUNTY SHALL MONITOR POPULATION TRENDS AND ASSIST IN THE DEVELOPMENT OF POPULATION FORECASTS. THESE FORECASTS SHALL BE DEVELOPED IN COOPERATION WITH

More information

5.3 Teenage Unemployment

5.3 Teenage Unemployment 5.1 New Jobs Created 5.1.1 Net annual job growth rate 5.1.2 Broward County s ranking in net job growth rate Measurement: The net annual job growth rate is (1) the average number of jobs this year minus

More information

Texas: Demographically Different

Texas: Demographically Different FEDERAL RESERVE BANK OF DALLAS ISSUE 3 99 : Demographically Different A s the st century nears, demographic changes are reshaping the U.S. economy. The largest impact is coming from the maturing of baby

More information

SLUGGISH HOUSEHOLD GROWTH

SLUGGISH HOUSEHOLD GROWTH 3 Demographic Drivers Household growth has yet to rebound fully as the weak economic recovery continues to prevent many young adults from living independently. As the economy strengthens, though, millions

More information

Growing Colorado. Population Transitions In Boulder

Growing Colorado. Population Transitions In Boulder Growing Colorado Population Transitions In Boulder Elizabeth Garner State Demography Office Colorado Department of Local Affairs 2018 Demography.dola.colorado.gov Transitions to Watch Disparate growth

More information

Poverty in the United Way Service Area

Poverty in the United Way Service Area Poverty in the United Way Service Area Year 4 Update - 2014 The Institute for Urban Policy Research At The University of Texas at Dallas Poverty in the United Way Service Area Year 4 Update - 2014 Introduction

More information

Cumbria Popgroup Population Projections: 2016 Refresh

Cumbria Popgroup Population Projections: 2016 Refresh Cumbria Popgroup Population Projections: 2016 Refresh 1. Aim To report on the latest population projections for Cumbria based on a series of scenarios generated by the Cumbria Intelligence Observatory

More information

Socio-Demographic Projections for Autauga, Elmore, and Montgomery Counties:

Socio-Demographic Projections for Autauga, Elmore, and Montgomery Counties: Information for a Better Society Socio-Demographic Projections for Autauga, Elmore, and Montgomery Counties: 2005-2035 Prepared for the Department of Planning and Development Transportation Planning Division

More information

Trends in Receipt of Public Assistance and Poverty Status,

Trends in Receipt of Public Assistance and Poverty Status, City University of New York (CUNY) CUNY Academic Works Center for Latin American, Caribbean, and Latino Studies Centers & Institutes 6-2016 Trends in Receipt of and Status, 1970 2014 Justine Calcagno Center

More information

Evaluating the BLS Labor Force projections to 2000

Evaluating the BLS Labor Force projections to 2000 Evaluating the BLS Labor Force projections to 2000 Howard N Fullerton Jr. Bureau of Labor Statistics, Office of Occupational Statistics and Employment Projections Washington, DC 20212-0001 KEY WORDS: Population

More information

UNEMPLOYMENT RATES IMPROVING IN THE DISTRICT By Caitlin Biegler

UNEMPLOYMENT RATES IMPROVING IN THE DISTRICT By Caitlin Biegler An Affiliate of the Center on Budget and Policy Priorities 820 First Street NE, Suite 460 Washington, DC 20002 (202) 408-1080 Fax (202) 408-8173 www.dcfpi.org UNEMPLOYMENT RATES IMPROVING IN THE DISTRICT

More information

LISC Building Sustainable Communities Initiative Neighborhood Quality Monitoring Report

LISC Building Sustainable Communities Initiative Neighborhood Quality Monitoring Report LISC Building Sustainable Communities Initiative Neighborhood Quality Monitoring Report Neighborhood:, Kansas City, MO The LISC Building Sustainable Communities (BSC) Initiative supports community efforts

More information

DETROIT S WORKFORCE ANALYSIS

DETROIT S WORKFORCE ANALYSIS TOURISM AND HOSPITALITY TALENT: Human Capital and Economic Contributions in Metro Detroit DETROIT S WORKFORCE ANALYSIS INTRODUCTION Tourism and the hospitality industry are stronger than ever in metro

More information

Data Digest: Georgia. June 2012

Data Digest: Georgia. June 2012 Data Digest: Georgia June 2012 Georgia s economic performance has improved steadily since December 2009. Although it remains well below the U.S. level, Georgia s coincident economic indicator for April

More information

Projections of Florida Population by County,

Projections of Florida Population by County, Bureau of Economic and Business Research College of Liberal Arts and Sciences University of Florida Florida Population Studies Bulletin 162 (Revised), March 2012 Projections of Florida Population by County,

More information

Regional Data Snapshot

Regional Data Snapshot Regional Data Snapshot Population, Economy & Education Features SET Civic Forum Ozark Foothills Region, Missouri Table of Contents 01 Overview 03 Human Capital 02 Demography 04 Labor Force 01 overview

More information

MUSKOKA ECONOMIC STRATEGY 5.0 Phase 1: Background Report

MUSKOKA ECONOMIC STRATEGY 5.0 Phase 1: Background Report 5.0 ECONOMIC GROWTH PROJECTIONS 5.1 Growth Projection Methodology This section begins with a description of the logic and process underlying the study team s approach to growth projections. It then examines

More information

Fiscal Impact Analysis of the North Carolina Rural Job Creation Fund

Fiscal Impact Analysis of the North Carolina Rural Job Creation Fund Fiscal Impact Analysis of the North Carolina Rural Job Creation Fund Prepared for: Stonehenge Capital Company, LLC. Copyright 2017 All Rights Reserved Economic Impact Group, LLC. Dacula, GA 30019 March

More information

The coverage of young children in demographic surveys

The coverage of young children in demographic surveys Statistical Journal of the IAOS 33 (2017) 321 333 321 DOI 10.3233/SJI-170376 IOS Press The coverage of young children in demographic surveys Eric B. Jensen and Howard R. Hogan U.S. Census Bureau, Washington,

More information

2018 Trustee & Employee Diversity Update. June 2018

2018 Trustee & Employee Diversity Update. June 2018 2018 Trustee & Employee Diversity Update June 2018 Highlights at a Glance Established DEI Task Force & Steering Committee DEI Transparency: posted demographic data publicly Defined diversity, equity and

More information

Credit Research Center Seminar

Credit Research Center Seminar Credit Research Center Seminar Ensuring Fair Lending: What Do We Know about Pricing in Mortgage Markets and What Will the New HMDA Data Fields Tell US? www.msb.edu/prog/crc March 14, 2005 Introduction

More information

Data Digest: Georgia. January 2013

Data Digest: Georgia. January 2013 Data Digest: Georgia January 2013 Georgia s economic performance has improved steadily since December 2009. The state s coincident economic indicator for November is at its highest level since late 2008.

More information

This is a PDF version of the 2019 Law survey. To complete the survey, follow this link to the online form.

This is a PDF version of the 2019 Law survey. To complete the survey, follow this link to the online form. This is a PDF version of the 2019 Law360 400 survey. To complete the survey, follow this link to the online form. Welcome to the 2019 Law360 400 survey! The answers to these questions will be used for

More information

Demographic Trends and the Older Workforce

Demographic Trends and the Older Workforce Demographic Trends and the Older Workforce November 10, 2004 Linda Barrington, Ph.D. The Conference Board www.conference-board.org THE CONFERENCE BOARD Finding solutions together Councils Conferences Symposium

More information

Data Digest: Georgia. October 2013

Data Digest: Georgia. October 2013 Data Digest: Georgia October 2013 Georgia s economic performance has improved steadily since December 2009. The state s coincident economic indicator for August is at its highest level since mid-2008.

More information

Proportion of income 1 Hispanics may be of any race.

Proportion of income 1 Hispanics may be of any race. POLICY PAPER This report addresses how individuals from various racial and ethnic groups fare under the current Social Security system. It examines the relative importance of Social Security for these

More information

THE ECONOMY AND POPULATION OF THE SOUTHEASTERN WISCONSIN REGION

THE ECONOMY AND POPULATION OF THE SOUTHEASTERN WISCONSIN REGION THE ECONOMY AND POPULATION OF THE SOUTHEASTERN WISCONSIN REGION NEWSLETTER JANUARY214 The reports were developed under the guidance of the SEWRPC Advisory Committee on Regional Population and Economic

More information

Nevada County Population Projections 2010 to 2030 October 2010

Nevada County Population Projections 2010 to 2030 October 2010 Nevada County Projections 2010 to 2030 October 2010 Prepared By: The Nevada State Demographer s Office Jeff Hardcastle, AICP NV State Demographer University of NV Reno MS/032 Reno, NV 89557 (775) 784-6353

More information

Fall 2016 Affirmative Action and Attrition Report

Fall 2016 Affirmative Action and Attrition Report Fall 2016 Affirmative Action and Attrition Report Key Findings 1. The number of staff of color in MMSD has increased significantly over the past five years. 2. Diversity by race/ethnicity and gender varies

More information

The Health of Jefferson County: 2010 Demographic Update

The Health of Jefferson County: 2010 Demographic Update The Health of : 2010 Demographic Update BACKGROUND How people live the sociodemographic context of their lives influences their health. People who have lower incomes may not have the resources to meet

More information

THE FINANCIAL SITUATIONS OF OLDER ADULTS

THE FINANCIAL SITUATIONS OF OLDER ADULTS 4. Since THE FINANCIAL SITUATIONS OF OLDER ADULTS housing is typically the single largest item in the household budget, housing affordability has important repercussions for overall well-being. For homeowners,

More information

TENNESSEE S UNINSURED IN 2017

TENNESSEE S UNINSURED IN 2017 DATA REPORT September 27, 2018 TENNESSEE S UNINSURED IN 2017 The U.S. Census Bureau released new data this month on health insurance coverage across the U.S. in 2017. Here are our top 3 takeaways for Tennessee.

More information

Regional Transportation Plan Appendix C. Appendix C 2030 DEMOGRAPHIC AND SOCIOECONOMIC FORECASTS

Regional Transportation Plan Appendix C. Appendix C 2030 DEMOGRAPHIC AND SOCIOECONOMIC FORECASTS 2030 DEMOGRAPHIC AND SOCIOECONOMIC FORECASTS 2030 DEMOGRAPHIC AND SOCIOECONOMIC FORECASTS BACKGROUND Demographic and socioeconomic forecasts adopted by the Program, Finance and Administrative Committee

More information

Appendix 4.2 Yukon Macroeconomic Model

Appendix 4.2 Yukon Macroeconomic Model Appendix 4.2 Yukon Macroeconomic Model 2016 2035 14 July 2016 Revised: 16 March 2017 Executive Summary The Yukon Macroeconomic Model (MEM) is a tool for generating future economic and demographic indicators

More information

Georgia Newspaper Partnership Poll Sept 2010

Georgia Newspaper Partnership Poll Sept 2010 Georgia Newspaper Partnership Poll Sept 2010 RECOGNIZE RECOGNIZE RECOGNIZE DON'T FAVORABLE UNFAVORABLE NEUTRAL RECOGNIZE SENATE Johnny Isakson 44% 14% 35% 7% Mike Thurmond 22% 7% 34% 37% QUESTION: If the

More information

Public Pension Resource Guide

Public Pension Resource Guide Public Pension Resource Guide Key Facts & Data Nnnnn The Role Public Pensions on the Economy and for Employers, Taxpayers, Employees & Retirees Nnnnn Overview Why Do Pensions Matter? Public Pension Basics

More information

Instructional Reminder Regarding: Collection of Applicant s Ethnicity, Race and Sex on the Loan Application Demographic Information Addendum

Instructional Reminder Regarding: Collection of Applicant s Ethnicity, Race and Sex on the Loan Application Demographic Information Addendum Instructional Reminder Regarding: Collection of Applicant s Ethnicity, Race and Sex on the Loan Application Demographic Information Addendum The Government Monitoring Information (GMI) is now collected

More information

Population Changes and the Economy

Population Changes and the Economy Population Changes and the Economy Predicting the effect of the retirement of the baby boom generation on the economy is not a straightforward matter. J ANICE F. MADDEN SOME ECONOMIC forecasters have suggested

More information

Planning for the. Thinking Big & Taking The Long View. Jane Hayse Director, Center for Livable Communities Atlanta Regional Commission

Planning for the. Thinking Big & Taking The Long View. Jane Hayse Director, Center for Livable Communities Atlanta Regional Commission Planning for the Atlanta t Region: Thinking Big & Taking The Long View Jane Hayse Director, Center for Livable Communities Atlanta Regional Commission Transportation Access & Mobility Center for Livable

More information

Fiscal Architecture of Connecticut

Fiscal Architecture of Connecticut Chapter 7 Fiscal Architecture of Connecticut A Report for Prepared for the Connecticut Tax Panel Presented October 13, 2015 Sally Wallace Professor of Economics and Director, Fiscal Research Center Andrew

More information

Household Healthcare Spending in 2014

Household Healthcare Spending in 2014 Masthead Logo Federal Publications Cornell University ILR School DigitalCommons@ILR Key Workplace Documents 8-2016 Household Healthcare Spending in 2014 Ann C. Foster Bureau of Labor Statistics Follow

More information

Global Aging and Financial Markets

Global Aging and Financial Markets Global Aging and Financial Markets Overview Presentation by Richard Jackson CSIS Global Aging Initiative MA s 16th Annual Washington Policy Seminar Cosponsored by Macroeconomic Advisers, LLC Council on

More information

2018:IIIQ Nevada Unemployment Rate Demographics Report*

2018:IIIQ Nevada Unemployment Rate Demographics Report* 2018:IIIQ Nevada Unemployment Rate Demographics Report* Department of Employment, Training & Rehabilitation Research and Analysis Bureau Dr. Tiffany Tyler-Garner, Director Dennis Perea, Deputy Director

More information

White Pine County. Economic and Demographic Profile, 1999

White Pine County. Economic and Demographic Profile, 1999 TECHNICAL REPORT UCED 99/2000-18 White Pine County Economic and Demographic Profile, 1999 UNIVERSITY OF NEVADA, RENO White Pine County Economic and Demographic Profile, 1999 Study Conducted by: Shawn W.

More information

Regional Economic Benchmarking Report For Aiken County 2016 Update

Regional Economic Benchmarking Report For Aiken County 2016 Update Regional Economic Benchmarking Report For Aiken County 2016 Update Commissioned by the Greater Aiken Chamber of Commerce and the Economic Development Partnership of Aiken, Edgefield and Saluda Counties,

More information

2018:IIQ Nevada Unemployment Rate Demographics Report*

2018:IIQ Nevada Unemployment Rate Demographics Report* 2018:IIQ Nevada Unemployment Rate Demographics Report* Department of Employment, Training & Rehabilitation Research and Analysis Bureau Don Soderberg, Director Dennis Perea, Deputy Director David Schmidt,

More information

Population Projections, 2007 to 2030

Population Projections, 2007 to 2030 Population Projections, 27 to 23 By Eddie Hunsinger, Demographer A look at Alaska s future hat will Alaska s population look like W in 23? Projections by the Alaska Department of Labor and Workforce Development

More information

University of Minnesota

University of Minnesota neighborhood profile October 2011 About this area The University neighborhood is bordered by 11th Avenue Southeast, University Avenue, 15th Avenue Southeast, the railroad tracks, Oak Street, and the Mississippi

More information

Fact Sheet. Health Insurance Coverage in Minnesota, 2001 vs February Changes in Health Insurance Coverage and Uninsurance

Fact Sheet. Health Insurance Coverage in Minnesota, 2001 vs February Changes in Health Insurance Coverage and Uninsurance Fact Sheet February 2006 Health Insurance Coverage in Minnesota, 2001 vs. 2004 This fact sheet provides a summary of final estimates of health insurance coverage gathered from the 2001 and 2004 Minnesota

More information

Mid - City Industrial

Mid - City Industrial Minneapolis neighborhood profile October 2011 Mid - City Industrial About this area The Mid-City Industrial neighborhood is bordered by I- 35W, Highway 280, East Hennepin Avenue, and Winter Street Northeast.

More information

ECONOMICS AND STATISTICS BRANCH DEPARTMENT OF FINANCE

ECONOMICS AND STATISTICS BRANCH DEPARTMENT OF FINANCE ECONOMICS AND STATISTICS BRANCH DEPARTMENT OF FINANCE The Branch is responsible for meeting the broad macroeconomic and statistical requirements of Government and its agencies. As part of this mandate,

More information

ABOUT ULI MN. VISION Thriving communities.

ABOUT ULI MN. VISION Thriving communities. ABOUT ULI MN MISSION Urban Land Institute Minnesota engages public and private sector leaders to foster collaboration, share knowledge, and join in meaningful strategic action. VISION Thriving communities.

More information

Camden Industrial. Minneapolis neighborhood profile. About this area. Trends in the area. Neighborhood in Minneapolis.

Camden Industrial. Minneapolis neighborhood profile. About this area. Trends in the area. Neighborhood in Minneapolis. Minneapolis neighborhood profile October 2011 Camden Industrial About this area The Camden Industrial neighborhood is bordered by 48th Avenue North, the Mississippi River, Dowling Avenue North, Washington

More information

Demographic Drivers. Joint Center for Housing Studies of Harvard University 11

Demographic Drivers. Joint Center for Housing Studies of Harvard University 11 3 Demographic Drivers Household formations were already on the decline when the recession started to hit in December 27. Annual net additions fell from 1.37 million in the first half of the decade to only

More information

2017:IVQ Nevada Unemployment Rate Demographics Report*

2017:IVQ Nevada Unemployment Rate Demographics Report* 2017:IVQ Nevada Unemployment Rate Demographics Report* Department of Employment, Training & Rehabilitation Research and Analysis Bureau Don Soderberg, Director Dennis Perea, Deputy Director David Schmidt,

More information