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Tri County Economic Forecast 2007

Tri County Economic Forecast 2007. BMU January 11, 2007. Outline. Historic Economic Performance Economic Outlook 2007 A look at factors affecting Tri-County Regional Growth. Population Density, 2004. Tri-County Total Population. Tri-County Net Population Change.

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Tri County Economic Forecast 2007

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  1. Tri County Economic Forecast 2007 BMU January 11, 2007

  2. Outline • Historic Economic Performance • Economic Outlook 2007 • A look at factors affecting Tri-County Regional Growth

  3. Population Density, 2004

  4. Tri-County Total Population

  5. Tri-County Net Population Change

  6. Butte County Components of Change

  7. Tri-County Population Growth Conclusions • Net migration drives growth • In-migration is starting to decline driven by • Bay area jobs recovery • Delayed migration of retirees & urban refugees • Housing prices affecting location w/in Tri-County

  8. Median Age, 2004

  9. Tri-County Median Age

  10. Tri-County Labor Force 2004

  11. Unemployment, 2004

  12. Tri-County Unemployment Rate

  13. Butte County Employment

  14. Butte County Goods-Producing Employment

  15. Butte County Service Employment

  16. Tri-County Retail Spending

  17. Retail Trade Growth

  18. Retail Trade by Sector

  19. Poverty

  20. Families below Poverty, 2004

  21. Individuals in Poverty

  22. Families in Poverty

  23. Tri-County Agriculture Production

  24. Butte CountyAgricultural Production

  25. Average Disposable Income, 2004

  26. 2007 Economic OutlookSummary • Tri-County economies expecting very slow growth over next year • Bay Area recovery drawing job growth – fewer expansions or relocations due to tight skilled job market • Poverty & low educational attainment continues to affect select pockets

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