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College graduates continued to relocate to many fast-growing cities in the Sunbelt during the recession, a possible sign of the region's economic appeal, according to Census data released Tuesday.
Among the top 10 metropolitan areas with the fastest average net growth in the number of arrivals with college degrees between 2007 and 2009, seven were in the south and southwest, including Austin, Texas, and Raleigh, N.C., according to an analysis of Census data by William H. Frey, a demographer at the Brookings Institution in Washington, D.C.
The new data mirror the trend in recent years of the South outpacing other parts of the nation in both migration and population growth.
College graduates continued to relocate to many fast-growing cities in the Sunbelt during the recession, a possible sign of the region's economic appeal, according to Census data released Tuesday.
Among the top 10 metropolitan areas with the fastest average net growth in the number of arrivals with college degrees between 2007 and 2009, seven were in the south and southwest, including Austin, Texas, and Raleigh, N.C., according to an analysis of Census data by William H. Frey, a demographer at the Brookings Institution in Washington, D.C.
The new data mirror the trend in recent years of the South outpacing other parts of the nation in both migration and population growth.
As the economy picks up, the "great migration" will only continue in greater numbers. Its sad that just a year or so ago, there were people on this board speaking of the recession as if it was going to be some means of "stimulating" growth back to northern cities. That's not going to happen in our life time.
As the economy picks up, the "great migration" will only continue in greater numbers. Its sad that just a year or so ago, there were people on this board speaking of the recession as if it was going to be some means of "stimulating" growth back to northern cities. That's not going to happen in our life time.
Yep, they were wrong.Northeastern/Rust Belt states have a high tax problem and anti-business policies, so South States are powerful magnet again, no surprise !
College graduates continued to relocate to many fast-growing cities in the Sunbelt during the recession, a possible sign of the region's economic appeal, according to Census data released Tuesday.
Among the top 10 metropolitan areas with the fastest average net growth in the number of arrivals with college degrees between 2007 and 2009, seven were in the south and southwest, including Austin, Texas, and Raleigh, N.C., according to an analysis of Census data by William H. Frey, a demographer at the Brookings Institution in Washington, D.C.
The new data mirror the trend in recent years of the South outpacing other parts of the nation in both migration and population growth.
The analysis in the article is more subtle and nuanced than this post would imply.
"Meanwhile, a city with a major university, such as Austin, Texas, is likely to have lured workers as well as retained more graduates who couldn't find work elsewhere."
The same could apply to Raleigh.
Also:
"While the Sunbelt continues to outpace the nation in overall and percentage gains in college graduates, many other places saw the migration rate plunge as the real-estate bust led to big job losses. Between the two periods, for instance, Las Vegas; Tucson, Ariz.; Jacksonville, Fla.; and Phoenix all saw their migration rates tumble."
And:
"Tuesday's data also showed the staying power among metro areas that have a reputation for being young and cool: Portland, Ore., for instance, actually saw growth of bachelor's-degree holders increase during the recession, even though Oregon was among the states hardest hit by the slump."
The article also says nothing about which graduates and what jobs they're getting. All -in-all, the picture is rather mixed.
The analysis in the article is more subtle and nuanced than this post would imply.
"Meanwhile, a city with a major university, such as Austin, Texas, is likely to have lured workers as well as retained more graduates who couldn't find work elsewhere."
The same could apply to Raleigh.
Also:
"While the Sunbelt continues to outpace the nation in overall and percentage gains in college graduates, many other places saw the migration rate plunge as the real-estate bust led to big job losses. Between the two periods, for instance, Las Vegas; Tucson, Ariz.; Jacksonville, Fla.; and Phoenix all saw their migration rates tumble."
And:
"Tuesday's data also showed the staying power among metro areas that have a reputation for being young and cool: Portland, Ore., for instance, actually saw growth of bachelor's-degree holders increase during the recession, even though Oregon was among the states hardest hit by the slump."
The article also says nothing about which graduates and what jobs they're getting. All -in-all, the picture is rather mixed.
True and what is interesting is that if you look at the unemployment rates, I'm wondering if these college graduates are even getting jobs or are they underemployed. Unemployment Rates for Metropolitan Areas
Yep, they were wrong.Northeastern/Rust Belt states have a high tax problem and anti-business policies, so South States are powerful magnet again, no surprise !
Yes. And perhaps you saw the news coming out of Chicago the past couple of days. Illinois just raised personal income taxes more than 60% and corporate business taxes over 40%. Story: Will Illinois' Tax Increase Drive Away Jobs? - CBS News
Yes. And perhaps you saw the news coming out of Chicago the past couple of days. Illinois just raised personal income taxes more than 60% and corporate business taxes over 40%. Story: Will Illinois' Tax Increase Drive Away Jobs? - CBS News
To be fair, Illinois' income tax rate temporarily moved from 3% to 5%. Many, many states have income tax rates that are higher. Saying the percentage growth of their tax rate hike only is a tad misleading vis-a-vis the neighboring rates. http://www.nytimes.com/2011/01/13/us/13illinois.html
Gov. Quinn promises to quickly sign Ill. tax hike - Yahoo! News (http://news.yahoo.com/s/ap/20110112/ap_on_bi_ge/us_illinois_taxes - broken link)
These issues are complex. Would I take a higher paying job and pay more taxes in Illinois than a lower paying job in Indiana? Who knows? One has to look at the entire picture and prioritize what's important.
To be fair, Illinois' income tax rate temporarily moved from 3% to 5%. Many, many states have income tax rates that are higher. Saying the percentage growth of their tax rate hike only is a tad misleading vis-a-vis the neighboring rates. http://www.nytimes.com/2011/01/13/us/13illinois.html
Gov. Quinn promises to quickly sign Ill. tax hike - Yahoo! News (http://news.yahoo.com/s/ap/20110112/ap_on_bi_ge/us_illinois_taxes - broken link)
These issues are complex. Would I take a higher paying job and pay more taxes in Illinois than a lower paying job in Indiana? Who knows? One has to look at the entire picture and prioritize what's important.
Temporary tax increases don't exist, they always become permanent.
You are clueless if you think the sunbelt is and would become an economic powerhouse. The sunbelt suffers from high unemployment rates. It relies on construction and real estate. It doesn't create big economic outputs. In fact, the sunbelt region is what created the banking crisis. The 15 counties that were accounted for 75% of the foreclosures in this country were located in the sunbelt during 2008.
The sunbelt sees no hope in recovering.
The fact still remains. The big cities will always create the most economic outputs. The jobs expected to grow within the next 10 years are in big cities.
Last edited by knowledgeiskey; 01-14-2011 at 09:34 PM..
You are clueless if you think the sunbelt is and would become an economic powerhouse.
You're the one that's obviously clueless because it already is.
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