Demographics of minnesota s economic outlook
Download
1 / 10

Demographics Of Minnesota s Economic Outlook - PowerPoint PPT Presentation


  • 181 Views
  • Updated On :

Demographics Of Minnesota’s Economic Outlook. Tom Gillaspy, State Demographer Mn Dept of Administration February 2008. Minnesota’s Economic Demography In The Short Run. In the short run, economics dominates demographics

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'Demographics Of Minnesota s Economic Outlook' - tyme


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
Demographics of minnesota s economic outlook l.jpg

Demographics Of Minnesota’s Economic Outlook

Tom Gillaspy, State Demographer

Mn Dept of Administration

February 2008


Minnesota s economic demography in the short run l.jpg
Minnesota’s Economic Demography In The Short Run

  • In the short run, economics dominates demographics

  • Slow job growth this decade has slowed migration, and therefore population growth


1990 97 minnesota added 312 000 2000 07 minnesota added 278 000 l.jpg
1990-97 Minnesota Added 312,0002000-07 Minnesota Added 278,000

Census Bureau estimate. Minnesota averaged 1.18% annual growth in the 90s, compared with 0.79%

To date In the 00s . The US is growing at 1% per year


Minnesota s economic demography in the mid term 2008 2013 l.jpg
Minnesota’s Economic Demography In The Mid-Term—2008-2013

  • Short run economics begins to merge with long run demographics

  • High school graduates will peak in a year

  • Retirements may increase sharply this year


Competition for the future workforce will increase l.jpg
Competition For The Future Workforce Will Increase Mid-Term—2008-2013

Census Bureau US Proj, Mn State Demographer revised 2007



Minnesota s economic demography in the long run l.jpg
Minnesota’s Economic Demography In The Long Run 62 Beginning 2008

  • Minnesota will grow, but some areas will continue to decline

  • Housing market may see changes

  • Retirements will increase, even if initially delayed

  • Workforce growth will depend increasingly on migration and immigration

  • Whether the slower growth affects economic growth depends on productivity


Childless couples and 1 person households projected to grow l.jpg
Childless Couples And 1-person Households Projected To Grow 62 Beginning 2008

Minnesota State Demographic Center projections


Migration will be an increasingly important component to the slowing labor force growth l.jpg
Migration Will Be An Increasingly Important Component To The Slowing Labor Force Growth

State Demographer projection revised 2007


Thoughts on economic theory l.jpg
Thoughts On Economic Theory Slowing Labor Force Growth

  • Economic growth depends on

    • Growth in the workforce

    • Growth in productivity per worker

  • Productivity per worker depends on

    • Technology and machines

    • Public infrastructure

    • Knowledge, skills, training and education


ad