Montana Local Outlook 2011 Yellowstone

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Montana Local Outlook 2011 Yellowstone

  1. 1. Local Outlook:BillingsBy 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), Yellowstone County Recession Declared, Dec. 2007
  5. 5. Annual Percent Change in Construction Labor Income (in Constant Dollars), Yellowstone CountyPercent
  6. 6. Yellowstone County’s Economic Base2008‐2010 • Other Basic Industries 1% • Nonresident Travel 4% Some Recovery • Transportation 8% Slow Recovery • Mining 9% Growth Potential • MSU-B and State Gov’t 7% Modest Pay Increase • Federal Government 13% Stable at Best • Health Care 14% Reform? • Manufacturing 17% Stable • Trade Center 27% ? Construction Slow Recovery
  7. 7. Actual and Projected Change in Nonfarm Labor Income, Yellowstone 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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