Economy At a Glance

Takeaways

  • As of 2019 the region’s population increased by 1.5% since 2014, growing by 18,159. Population is expected to increase by 1.3% between 2019 and 2024, adding 16,735. 
  • From 2014 to 2019, jobs increased by 3.3% in The New North Region from 653,668 to 675,558. This change fell short of the national growth rate of 7.9% by 4.6%. As the number of jobs increased, the labor force participation rate decreased from 65.5% to 64.2% between 2014 and 2019. 
  • Concerning educational attainment, 16.9% of the selected regions’ residents possess a Bachelor’s Degree (1.9% below the national average), and 10.7% hold an Associate’s Degree (2.6% above the national average). 
  • The top three industries in 2019 are Manufacturing, Health Care, and Finance and Insurance.



New North Gross Regional Product

Unemployment Trend



New North Top Industries
by Employment

New North Top Occupations
by Employment