 BEA Local Area Personal Income and Employment county data (2001-2009), 04/21/2011 release.  Estimates of detailed employment and wage data for the.

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Presentation transcript:

 BEA Local Area Personal Income and Employment county data ( ), 04/21/2011 release.  Estimates of detailed employment and wage data for the states of Michigan, Nevada, and Texas ( ) was provided by Don Grimes of the University of Michigan.  BEA State Personal Income and Employment state and national data ( ), 03/23/2011 release.  BLS Employment Projections national data ( and 2018), 12/11/2009 release.  RSQE national forecast ( ), 06/30/2011 release.

 BEA Local Area Population county data ( ), 04/21/2011 release.  Census Population by age, sex, race, component of change county data ( ).  BLS Labor Force county data ( ).  CDC birth rate state data ( ).  Census natality rate, survival rate, and net international migrant national data and forecast ( ).  BLS Participation Rate national data and forecast ( ).

 Forecast period extended to 2060  Integrated Custom Industry policy variables  New Regional Population Update  Improved data handling for Employment Update  Calculator enhancements  New Custom Units and Currency Types in results view  New industry NAICS labels  New Demographic policy variables

 Last estimated July 2002 using data and a standard OLS regression approach  New equation estimates separate responses for relative employment opportunity and relative real compensation rate, utilizing Instrumental Variable (IV) approach and data from

NewPrevious (for PI + v1.3) (from July 2002 work) Relative employment opportunity (REO) Relative real compensation rate (RWR)

 Last estimated February 2001 using data  New equation based on data NewPrevious (for PI + v1.3) (from February 2001 work) Residential Investment in Structures Non-Residential Investment in Structures

 Last estimated September 2001 using data  Regional scaling factors estimated September 2007 using data from  New equation based on data for , intentionally aligning with previous regional scaling factor estimates, and avoiding recent housing price bubble and collapse

NewPrevious (for PI + v1.3) (from September 2001 work) Real Disposable Income Elasticity Population Elasticity