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The Information sector of the economy is has followed an interesting trajectory over the past 15 years. The info sector built up to a huge peak in the early part of this decade, and has seen general decline since that time.
Growth in Information Subsectors:
The big boom and bust was caused by employment inflation of the telecommunications sector. Publishing followed a similar, but less extreme path. Both industries have reverted to employment levels in the early 1990s.
Motion picture and recording, data processing, broadcasting, and Internet publishing have all seen modest gains since the early 1990s.
Information growth by percent:
Here's the fastest growing metro areas in the information sector through the recent period of decline. We're seeing a decentralization effect here: smaller metros with historically manufacturing-centric otherwise specialized economies are building information industries.
Information growth by number of jobs:
Seattle is leading the charge and Madison is rapidly becoming and information center in the central states. I wouldn't have guessed Springfield, MO or Orlando would show up here.
It's all gloom and doom in the Miami Herald today after recent job numbers indicate the state is last in the nation in job creation.
The top job-loss state in the nation. Shrinking wages. Collapsing population growth. Record home foreclosures.
Florida's economy is not just firmly and bleakly in the red ---- it will likely stay that way until next June, according to the state government's top economists who issued their most pessimistic financial forecast in years.
With few exceptions, the economists' Wednesday forecast shows that most economic indicators will do worse in this budget year when compared to a forecast they issued in February.
A good sign that the recent growth in Florida was built on a house of cards, this is right in line with the findings of our Best Cities analysis.
Link via Steve Bartin.
Manufacturing is often viewed as a massive anchor to regional job growth. Here's two lists of metro areas that not only withstood the national job hemorrhaging of 2001-2003, but they are actually growing.
Growth by percent:
Read more manufacturing analysis in as part of our Best Cities Rankings: Is Manufacturing Weighing Down the U.S. Economy?
Growth by number of jobs:
Where is the growth in Wisconsin? The Milwaukee Journal Sentinel checked in last week with a glowing review of the recent city census numbers. Our friend, Milwaukee native, and former Playboy Magazine editor Bob Carr sends his reaction:
Milwaukee is having to put quite a spin on the latest census figures. A recent Journal-Sentinel article trumpets the the city’s decade-long population plateauing as a sign of “steadiness.” Cities losing the most population in Wisconsin included Whitefish Bay, Wauwatosa, West Allis and Brown Deer. Guess what they are — Milwaukee suburbs. With the city losing people at the edges, the newspaper was lucky enough to find someone who had actually moved from Whitefish Bay to Milwaukee to help take the sting out.
Here's a rundown of the recent population trends in the State of Wisconsin.
US Census released the latest population data on cities this week. Looking at the top 15 largest US cities, only Sunbelt cities of Phoenix, San Antonio, Houston, and Jacksonville are ahead of the national rate since 2000. Interestingly, the cities of San Francisco and San Jose are making a recent comeback after losses early this decade, although San Francisco is still trailing its year 2000 mark.
Tory Gattis explains the situation in Houston, where the population of the city has exploded since 2005.
The fastest growing larger city overall since 2000 is Raleigh, followed by a pile of places in warm climates, two in the Denver metro, along with plains cities of Omaha and Oklahoma City.
Many California cities fill out the smaller cities list, along with two from the Chicago metro and Olathe and Sioux Falls on the plains.
The Kansas City Star published an article and video package over the weekend suggesting that because of high gas prices, the "country could see a migration that would greatly reduce the population of Small Town America." This may be news to those at the Star, but this exodus from many small towns and farming communities has continued unabated for decades, and gas costs are a minor factor in the equation.
What really matters is proximity to employment. Living in a small town is a conscious lifestyle choice, and while the dollar cost of a long commute is a factor, it's not as important as the time cost trade off. Lower density areas already offer shorter commute times than metro areas.
Take our extreme commuter example from the KC Star article. Even if he is paying another $200 a month in gas costs, he's likely saving over $500 a month by choosing to live in a small town. Besides, he's already chosen years ago to make the daily time investment in his commute.
On top of that, gas prices in the rural heartland are some of the cheapest in the nation. If fuel costs are the primary motivator, where is he going to go?
Increased fuel costs certainly will cause us to refine our lifestyles in favor of conservation. But, if you've already chosen to live in a certain type of place, you move in favor of a new type of lifestyle or to find work. In our nation's small towns far from job clusters, hanging out a shingle reading "We have $2 a gallon gas!" will have no effect.
Invoking Studs Terkel, Oprah Winfrey, and Barry Goldwater, Tristam Hunt of the Times Online suggests that Obama needs to trade in Chicago's "progressive European tradition" for the "Wild West, libertarian ethos" of Phoenix. What he's really suggesting is that Obama needs to nail down the sprawling periphery to win it:
For all his love of metropolitan, liberal Chicago, it is grumpy old John McCain's Phoenix that represents the psephological future. And sooner or later, Mr. Obama will have to join those tens of thousands of his Illinois compatriots swapping the icy winds of downtown Chicago for the sprawling embrace of metropolitan Phoenix
For McCain, Patrick Ottenhoff lists his top 5 places McCain should go, leading with the Ohio River Valley tour, to focus on the economically depressed areas where Obama fared poorly vs. Clinton.
When most of us think "social networking" the first thing that comes to mind are personal sites like Facebook or LinkedIn. Recognizing the power of personal connection, Muckety.com is a news site that works in a fantastic interactive social network map connecting muckety-mucks in each news story.
Now that Obama has won the Democratic nomination, Muckety is focusing on Chicago, starting with a piece detailing the city's 100 most networked people. Carol Eisenberg writes:
George W. Bush saw the world through the prism of the Texas oilmen whose livelihood and passions he shared.
When he became president, he chose Houston oil executives and Austin honchos for top posts in his administration - with huge implications for national policy. If Illinois Sen. Barack Obama is elected, he would in all likelihood draw heavily from his home base in Chicago - to very different effect.
Keep an eye on Muckety's ongoing Chicago coverage.
Welcome to NewGeography.com, a site devoted to analyzing and discussing the places where we live and work. Practitioners at heart, we want to know not only what is happening, but why it is so and how we can inform better decisions.
New Geography opens with a discussion of Chicago, including a piece by prolific blogger and long-time Chicago observer Steve Bartin.
Urban scholar Fred Siegel writes:
In his eye opening piece on Chicago's troubles, Steve Bartin rightly points to Chicago’s head tax on employment as a job killer. The closest analog is another long declining city Philadelphia which is burdened by a wage tax that has pushed numerous businesses just across the city line. But while taxes are still rising in Chicago, Philly’s new reform Mayor Michael Nutter has moved to gradually reduce the wage tax.
The one serious omission in the piece is the impact of crime. Chicago, which has 54 shooting over two weekends in April and has begun talking about arming its police with assault weapons to combat it’s gangs, has a homicide rate 3 times higher than New York and nearly 70 percent higher than L.A.
We welcome your writing, your thoughts on the site, and you ideas for emerging themes in economic development, city demographics, and community leadership.
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