Economy At a Glance


Takeaways

  • As of 2022 the region's population increased by 3.6% since 2017, growing by 45,602. Population is expected to increase by 4.0% between 2022 and 2027, adding 51,756.
  • From 2017 to 2022, jobs declined by 0.9% in New North from 672,765 to 667,006. This change fell short of the national growth rate of 3.8% by 4.7%. As the number of jobs declined, the labor force participation rate decreased from 68.0% to 63.6% between 2017 and 2022.
  • Concerning educational attainment, 18.7% of the selected regions' residents possess a Bachelor's Degree (2.1% below the national average), and 12.8% hold an Associate's Degree (4.0% above the national average).
  • The top three industries in 2021 are Manufacturing, Health Care, and Retail Trade.

Source EMSI - Updated August 2023


New North Gross Regional Product

Unemployment Trend


Click on Images to Expand



New North Top Industries
by Employment


New North Top Occupations
by Employment