Presentation Transcript
Washington County : Washington County Economic Summit 2008
Annual Population Change : Source: Utah Population Estimates Committee. Annual Population Change Washington County Utah
Population Change 2006-2007 : Population Change 2006-2007 Source: Utah Population Estimates Committee.
Washington County Net Migration : Washington County Net Migration Source: Utah Population Estimates Committee.
Migration of Washington County Residents : Source: U.S. Census Bureau, American Community Survey. Migration of Washington County Residents
Slide6 : Nonmoving Residents Source: U.S. Census Bureau, American Community Survey. 2006 Washington County
Slide7 : Residents Moving Within County Source: U.S. Census Bureau, American Community Survey. 2006 Washington County
Slide8 : Moving From Different County in Utah Source: U.S. Census Bureau, American Community Survey. 2006 Washington County
Slide9 : Moving From a Different State Source: U.S. Census Bureau, American Community Survey. 2006 Washington County
Slide10 : 2006 Age of Washington County Residents
by Residence One Year Ago Source: U.S. Census Bureau, American Community Survey.
What Else Do We Know About Move-Ins? : What Else Do We Know About Move-Ins? About 60 percent are married.
Those moving from a different state are more likely to have a higher level of education.
Less than 10 percent moving from abroad had a high school education or more.
Those moving from out of state had the highest poverty rates.
Only about one-half of those moving from out of state owned their own home compared to 80 percent that did not move.
2006 Population Age Distribution : 2006 Population Age Distribution Source: U.S. Census Bureau; American Community Survey
What About Snowbirds? : What About Snowbirds? No reliable data.
A backdoor look by counting occasional use, seasonal homes.
Percent of Homes for Seasonal/Recreation/Occasional Use : Percent of Homes for Seasonal/Recreation/Occasional Use Source: U.S. Census Bureau. 2000
In the Words of Warren Buffet: : In the Words of Warren Buffet: "The world went mad. What we learn from history is that people don’t learn from history."
“Unfortunately, the hangover may prove to be proportional to the binge.”
“When the masses get greedy, I get scared.”
Nonfarm Job Growth and Recession : Nonfarm Job Growth and Recession Year-over Growth in U.S.
Nonfarm Jobs Source: U.S. Bureau of Labor Statistics; National Bureau of Economic Research.
U.S. Business Cycles : U.S. Business Cycles Last two contractions lasted eight months.
Previous expansion lasted 120 months (10 years)—the longest since business cycles have been tracked (1854).
The current expansion has lasted 73 months (six years).
The average expansion in the post-WWII period is 57 months.
Source: National Bureau of Economic Research.
Year-Over Change in Nonfarm Jobs : Year-Over Change in Nonfarm Jobs Washington County Source: Utah Department of Workforce Services.
Year-Over Change in Nonfarm Jobs : Year-Over Change in Nonfarm Jobs Washington County Source: Utah Department of Workforce Services; U.S. Bureau of Labor Statistics. Utah United States
Nonfarm Job Growth : Nonfarm Job Growth Source: Utah Department of Workforce Services; U.S. Bureau of Labor Statistics. Washington County Utah U.S.
Washington County Growth in Nonfarm Jobs : Washington County Growth in Nonfarm Jobs *September 2006-September 2007
Source: Utah Department of Workforce Services.
Washington Industry Year-Over Job Change September 2007 : Washington Industry Year-Over Job Change September 2007 Source: Utah Dept of Workforce Services.
2006 Washington County Numeric Change in Jobs by Industry : 2006 Washington County Numeric Change in Jobs by Industry Source: Utah Department of Workforce Services.
Washington Industry Year-over Job Growth September 2007 : Washington Industry Year-over Job Growth September 2007 Source: Utah Dept of Workforce Services, CES Survey Data.
2006 Percent Change in Washington County Nonfarm Jobs by Industry : 2006 Percent Change in Washington County Nonfarm Jobs by Industry Source: Utah Department of Workforce Services.
Washington County Construction Industry Hires/Separations : Washington County Construction Industry Hires/Separations Source: U.S. Census Bureau; Local Employment Dynamics.
Where Ivins Residents Work. . . : Where Ivins Residents Work. . . Source: U.S. Census Bureau; Local Employment Dynamics.
Where Springdale Workers Live. . . : Where Springdale Workers Live. . . Source: U.S. Census Bureau; Local Employment Dynamics.
Annual Unemployment Rates : Annual Unemployment Rates Source: Utah Department of Workforce Services; U.S. Bureau of Labor Statistics. U.S Washington Utah
Slide30 : Washington County Seasonally Adjusted Unemployment Rates Source: Utah Department of Workforce Services.
Growth in Washington County Average Monthly Wage : Growth in Washington County Average Monthly Wage *First two quarters of 2007.
Source: Utah Department of Workforce Services.
Washington County Average Monthly Wage As a Percent of State : Washington County Average Monthly Wage As a Percent of State Source: Utah Department of Workforce Services.
Washington County Dwelling Unit Permits : Washington County Dwelling Unit Permits Through November only.
Source: U of U; Utah Bureau of Economic and Business Research.
Annual Change in Washington County New Dwelling Unit Permits : Annual Change in Washington County New Dwelling Unit Permits Source: Utah Department of Workforce Services. *January-November 2007 compared to January-November 2006.
Washington County New Residential Building Permit Valuation : Washington County New Residential Building Permit Valuation *Through November only.
Source: Utah Bureau of Business and Economic Research. Millions of $
2006-2007* Washington County Change in Permitted New Dwelling Units by Community : 2006-2007* Washington County Change in Permitted New Dwelling Units by Community *January-November.
Source: Utah Bureau of Business and Economic Research.
2006-2007* Washington County Change in Permitted New Dwelling Units by Community : 2006-2007* Washington County Change in Permitted New Dwelling Units by Community *January-November.
Source: Utah Bureau of Business and Economic Research.
Washington County New Nonresidential Building Permit Valuation : Washington County New Nonresidential Building Permit Valuation *Through November only.
Source: Utah Bureau of Business and Economic Research. Millions of $
Change in Number of Washington County Homes Sold : Change in Number of Washington County Homes Sold Source: Utah Association of Realtors. *Third Qtr 2007 compared to Third Qtr 2006.
Change in Housing Price Index : Change in Housing Price Index Source. U.S. Office of Housing Oversight.
Washington County Change in Gross Taxable Sales : Washington County Change in Gross Taxable Sales
Cautionary Indicators— Nationally. . . : Cautionary Indicators— Nationally. . . 1. Inflationary pressures. 2. Employment growth is slipping. 3. The credit crunch/crisis continues. 4. Unemployment rising.
Cautionary Indicators— Here at Home. . . : Cautionary Indicators— Here at Home. . . 1. Less in-migration. 2. Continued construction job declines. 3. Other industries slowing. 4. The credit crunch/crisis continues.
The Good News. . . : The Good News. . . 1. The U.S. expansion may continue. 2. We can survive a national downturn. 3. Time to build infrastructure. 4. Less labor market pressure.
Check out our Website: : Check out our Website: jobs.utah.gov
Click on “Economic Information”
Click on “County Info”
What’s Available? : What’s Available? Quarterly Newsletters
Wage Data
Economic/Demographic Profile
Fact Sheets
Economic Events
Largest Employers
Links to Other Data Sources
Unemployment Rates
Call Me. . . : Call Me. . . Lecia Parks Langston
lecialangston@utah.gov
688-3115
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