Vital Statistics


Population Trends

As of 2020 the region's population increased by 1.7% since 2015, growing by 21,202. Population is expected to increase by 1.3% between 2020 and 2025, adding 15,846.






Job Trends

From 2015 to 2020, jobs declined by 1.2% in the New North region from 662,415 to 654,303. This change fell short of the national growth rate of 1.3% by 2.5%.

Unemployment Rate Trends

Your areas had an January 2021 unemployment rate of 4.06%, increasing from 3.81% 5 years before.








National Data

Real Gross Domestic Product

(Based on 2012 Dollars to adjust for inflation)


Real gross domestic product chart for the new north region

Source: Bureau of Economic Analysis, NAM calculations using Moody’s Analytics simulation model

Contributions to Percentage Change in Second Quarter 

2020 Real GDP Growth


Contributions to Percentage Change in Second Quarter in gross domestic product for new north region

Source: Bureau of Economic Analysis

Actual and Predicted Manufacturing Production Growth

(NAICS, 2012=100)


Actual and Predicted Manufacturing Production Growth in the new north region


Source: Federal Reserve Board, NAM calculations using Moody’s Analytics simulation model

Moody’s Analytics Economic Model, August 2020 Baseline


Moody’s Analytics Economic Model, August 2020 Baseline


Real Nonresidential Fixed Investment, Actual and Forecast, 2016-2022

(in Billions of Chained 2012 Dollars, Seasonally Adjusted at Annual Rates)


Real Nonresidential fixed investment graphic of actual data from 2016 through 2020 and projections for 2021 and 2022

Source: Bureau of Economic Analysis, NAM calculations using Moody’s Analytics simulation model


Recession Dates


Recession date chart for the new north region