Monday, April 27, 2015

25 To 34 Year Old Workers Increasingly Moving Westward In US

From BloombergBusiness, "When Your Kid Moves Out West, She Takes the U.S. Economy With Her" by Jennifer Oldham and Lauren Etter:
Cities in the West and Southwest are experiencing economic growth exceeding records set before the financial crisis, with young, educated workers creating housing shortages and traffic jams as they drive up wages.

"The decline in manufacturing in the East, combined with an increase in service and technology jobs, is moving the country’s economic gravity westward," said Kenan Fikri, a researcher at Washington’s Brookings Institution. "Compared to eastern cities, those in the West don’t have the economic baggage that comes from an industrial legacy."

The center of U.S. population is moving steadily — it’s now in Texas County, Missouri, farthest west since the U.S. Census Bureau began tracking it in 1790. The movement is accelerating as workers from 25 to 34 move that way in disproportionate numbers.
Rising GDP Map
Source: BloombergBusiness


Millennial Influx Map
Source: BloombergBusiness