New study shows Ohio #3 in the nation for expected population loss.
Though specific conditions are pushing people out of some states, economists say more people moving around would be a positive sign for the economy. "Mobility makes it easier to respond to economic cycles," says Karp. "People are still living in places where there are no jobs. That's one of [the] reasons why the unemployment rate remains really high."
Top 5 States People Are Fleeing
No. 1: New York
Projected Loss: 49,000 people
Population: 19.7 million
Percentage Change: -0.25%
The Big Apple may lose more people than it gains in 2010 because of the depressed job market, high cost of living and an ongoing trend of retirees and job-seekers heading to the South and Southwest.
No. 2: Illinois
Projected Loss: 27,000 people
Population: 13 million
Percentage Change: -0.21%
Economist Nathaniel Karp says Illinois' tax structure and loss of manufacturing jobs may be pushing people out of the state this year.
No. 3: Ohio
Projected Loss: 8,900 people
Population: 11.6 million
Percentage Change: -0.08%
Over the last five years Ohio has lost an average of about 30,000 people per year. This year its losses are projected to slow, but remain significant enough to put the state at No. 3.
Saturday, December 11, 2010
Run from the Taxes.
Subscribe to:
Post Comments (Atom)
1 comment:
Ohio lost two congressional seats because of the population exodus.
Texas, Fla. and other states without onerous income taxes gained population and house seats.
TAHL
Post a Comment