New York, LA And Chicago Keep Losing Workers To The Sun Belt
From the article:
America’s three largest cities all lost population last year, while many Sun Belt cities continue to grow. But while economists typically point to population growth as the sign of a healthy city, the trend is not seen as doom and gloom for business and development in gateway markets.
“For long-term economic vitality, population growth is a crucial factor,” said Branner Stewart, a senior research manager at the University of Massachusetts Donahue Institute. “On the surface, having declines raises eyebrows about long-term growth, and now that we’re this far into the economic cycle, Americans are now becoming more comfortable moving elsewhere in the country than they were during the recession.”
May 09, 2019