Home Archives March 2007 Along with salmon, Pacific Northwest reels in new residents

Along with salmon, Pacific Northwest reels in new residents

| Print |  Email
Thursday, March 01, 2007

The Pacific Northwest remains a magnet for people moving from other states and other countries. Washington, Oregon and Idaho added about 953,500 people between Census Day 2000 and July 2006. The compound annual growth rate of these three states so far this decade — 1.39% — runs 39% faster than the national average. 

0307Marples.gif

At different stages in the economic cycle, population trends can either drive economic fundamentals or be driven by them. In the Pacific Northwest, population growth is both cause and effect of economic growth.  People stream into the region to exploit the strongest employment growth so far this decade. Rising population in turn pushes demand higher for infrastructure, housing and all  goods and services. The process feeds on itself. 

We expect population to continue to grow at above-average rates as long as the regional economy continues to create a supply of new jobs.

Only two states — Arizona (3.6%) and Nevada (3.5%) — added people at a faster rate than Idaho (2.6%) in the 12 months to July 1. We calculate that Idaho ranks No. 5 in post-census growth, after Nevada, Arizona, Georgia and Utah.

Washington has added more than half a million new residents since Census Day. Note that international migration has been a very important component of Washington’s population growth.

Oregon’s growth rate slipped below the national average following two recession years. But growth has picked up briskly as employment growth has turned positive and its population growth rate has more than doubled in just two years.

Oregon’s two fastest-growing counties are the state’s high-desert playgrounds — Deschutes (Bend, Redmond) and Crook (Prineville). Others in the top five are Polk (west Salem), Washington (suburban Portland) and Columbia (down river from Portland).

— Excerpted from Marple’s Pacific Northwest Letter, editor Michael Parks.  For more information about this biweekly report on Northwest economic trends, visit www.marples.com.



Have an opinion? E-mail This e-mail address is being protected from spambots. You need JavaScript enabled to view it

 

More Articles

Oversight? Or gaming the system?

News
Monday, July 14, 2014
AmazonBY VIVIAN MCINERNY | OB BLOGGER

Some people think Amazon’s winking eye logo is starting to look like a hoodwink.


Read more...

Private liberal arts education: superior outcomes, competitive price

Contributed Blogs
Tuesday, August 26, 2014
0826 thumb collegemoneyBY DEBRA RINGOLD | OP-ED CONTRIBUTOR

Why has six years become an acceptable investment in public undergraduate education that over-promises and underperforms?


Read more...

Interview: Dr. Mark Goulston

Contributed Blogs
Thursday, July 10, 2014
JustListenBY TOM COX | OB BLOGGER

Tom Cox interviews Dr. Mark Goulston, author of Just Listen, Discover the Secret to Getting Through to Absolutely Anyone.


Read more...

The Scott Kveton affair

News
Wednesday, July 09, 2014
ScottKvetonBY LINDA BAKER | OB EDITOR

Scott Kveton, the CEO of Urban Airship is taking a leave of absence from the company. As the story continues to unfold, here’s our perspective on a few of the key players.


Read more...

Managing family assets: The importance of planning ahead

News
Friday, August 22, 2014
Unknown-1BY CLIFF HOCKLEY |  OB GUEST CONTRIBUTOR

When business intersects with family, a host of  situations can arise. Without a clear vision and careful planning, hard-earned investments can become stressful burdens.


Read more...

Why I became an Oregon angel investor

Guest Blog
Monday, July 14, 2014
AngelInvestBY TERRY "STARBUCKER" ST. MARIE

I really didn’t know that much about angel investing, but I did know a lot about the entrepreneurial spirit.


Read more...

Podcast: Interview with Steve Balzac

Contributed Blogs
Tuesday, August 19, 2014

082014BalzacBY TOM COX | OB BLOGGER

Tom Cox interviews Steve Balzac, author of "Organizational Psychology for Managers."


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS