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Tri-County Economic Forecast 2007: Slow Growth Outlook and Migration Trends

Explore the historic economic performance and 2007 outlook of Tri-County region, analyzing factors influencing growth like population changes, net migration patterns, age demographics, labor force trends, poverty rates, and agricultural production figures. The forecast highlights slow growth expectations, driven by Bay Area job recovery and housing market impact on population shifts.

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Tri-County Economic Forecast 2007: Slow Growth Outlook and Migration Trends

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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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