Montana Local Outlook 2011 Missoula

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Montana Local Outlook 2011 Missoula

  1. 1. Local Outlook: MissoulaBy 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), Missoula and Ravalli Counties Recession Declared, Dec. 2007 Missoula Ravalli
  5. 5. Annual Percent Change in Construction Labor Income (in Constant Dollars), Missoula CountyPercent
  6. 6. Annual Percent Change in Construction Labor Income (in Constant Dollars), Ravalli CountyPercent
  7. 7. Missoula County’s Economic Base2008‐2010• Other 6%• Nonresident Travel 7% Some Recovery• Transportation 13% Slow Growth• Wood and Paper 8% Flat, at Best• Federal Gov’t 14% Stable at Best• Trade Center Medical 14% Reform?• Trade Center Retail, Service 6% Negative to Flat• UM, Other State 20% Modest Pay Increase Construction Slow Recovery
  8. 8. Actual and Projected Change in Nonfarm Labor Income, Missoula County, 2007‐2014 Percent Actual Projected ‘01-’07 ‘10-’14
  9. 9. Projected Annual Percent Change in Nonfarm Labor Income (in Constant Dollars) 2010‐2014Percent
  10. 10. Questions?

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