Montana Local Outlook 2011 Cascade

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Montana Local Outlook 2011 Cascade

  1. 1. Local Outlook: Great FallsBy Paul E. PolzinDirector Emeritus Bureau of Business and Economic ResearchThe University of Montana
  2. 2. Annual Percent Change inNonfarm Labor Income (in Constant Dollars), 2001‐2007Percent
  3. 3. Annual Percent Change in Nonfarm Labor Income (in Constant Dollars) , 2008‐2009Percent
  4. 4. Nonfarm Employment (Seasonally Adjusted), Cascade County Recession Declared, Dec. 2007
  5. 5. Annual Percent Change in Construction Labor Income (in Constant Dollars), Cascade CountyPercent
  6. 6. Cascade County’s Economic Base2008‐2010• Other 6%• Transportation 6% Slow Growth• State Gov’t and Higher Ed. 6% Modest Pay Increase• Manufacturing 6% Stable• Trade Center - Other 8% Stable• Trade Center - Health 11% ? Reform• Federal Civ. 10% Stable at Best• Malmstrom AFB 47% Stable, Air Guard?Construction Slow Recovery
  7. 7. Actual and Projected Change in Nonfarm Labor Income, Cascade County, 2007‐2014 Percent Actual Projected ‘01-’07 ‘10-’14
  8. 8. Projected Annual Percent Change in Nonfarm Labor Income (in Constant Dollars) 2010‐2014Percent
  9. 9. Questions?

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