The document summarizes economic indicators and projections for Gallatin County, Montana between 2001-2014. It shows that nonfarm labor income grew steadily from 2001-2007, but declined from 2008-2009 during the recession. Construction labor income also declined sharply during this period. The economic base of the county is projected to see modest or slow growth across most sectors from 2010-2014, with the exception of stable federal government employment and some recovery in nonresident travel. Overall nonfarm labor income is projected to see slower but continued growth over the 2010-2014 period after declines in the recession.

2. Local Outlook:
Bozeman
By Paul E. Polzin
Director Emeritus
Bureau of Business and Economic Research
The University of Montana

3. Annual Percent Change in
Nonfarm Labor Income
(in Constant Dollars), 2001‐2007
Percent

4. Annual Percent Change in
Nonfarm Labor Income
(in Constant Dollars) , 2008‐2009
Percent

5. Nonfarm Employment
(Seasonally Adjusted),
Gallatin County
Recession Declared, Dec. 2007

6. Annual Percent Change in
Construction Labor Income
(in Constant Dollars), Gallatin County
Percent

7. Gallatin County’s
Economic Base
2008‐2010
• Other Basic Industries
• Federal Government 10% Stable at Best
• Nonresident Travel 15% Some Recovery
• Trade Center 19% Slower Growth
• Manufacturing 21% Cont. Strong
• MSU and State Gov’t 30% Modest Pay Increase
Construction Slow Recovery

8. Actual and Projected Change in Nonfarm
Labor Income, Gallatin County,
2007‐2014
Percent Actual Projected
‘01-’07
‘10-’14
-5.5

9. Projected Annual Percent Change in
Nonfarm Labor Income
(in Constant Dollars) 2010‐2014
Percent

10. Questions
?