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It also misses illegal workers then if its based on IRS data. Based on my personal observations, we are getting a lot more of them up the Hudson Valley as far as the Albany area at least ..versus 10 years ago.
I guess they are missed by the census also. I'm not sure if they are missed completely by the 2006 census estimates ..that don't rely on an actual enumeration system.
It also misses illegal workers then if its based on IRS data.
This is the foundation of the argument most housing bubble bloggers use to attack low unemployment reports. Most of the lost jobs were performed by illegals.
The other thing missed by that data here in eastern NY is the weekend homeowner issue. Not to knock that data because it is a useful tool.....
But in Eastern NY ...right up from Westchester to Lake Placid, we have a situation where a lot of homes have been built by weekenders and older homes are now occupied by weekenders (displacing the natives). These weekenders don't pay their income taxes Upstate so they would be missed and not considered inward migrants. Then the locals who sell to the weekenders turn around and build new homes for themselves and the increase in new home construction is much greater than you would expect based only on net inward migration or raw population increase #s.
This unseen growth of course impacts other things such as retail sales/sales tax revenues, traffic on the roads, etc. Just take a look at the proliferation of Home Depots and Lowes.
The Decline of Buffalo=Foreign Labor and St. Lawrence Seaway.
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