The Transforming Metropolitan Economy Matt Moorehead.

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Presentation transcript:

The Transforming Metropolitan Economy Matt Moorehead

Key Observations (P. 2) The increasing importance of services as a source of job creation. The dominant role of metropolitan economies. Highlights from the classification analysis—by economic specialization and population size—of the U.S. metropolitan system.

Key Observations (cont.) The wide-ranging differences in patterns of growth in employment, earnings, and income among metropolitan areas. The increased importance of non-earned income as a source of aggregate demand within metropolitan economies.

The Threefold Transformation Stanback attributes the change in metro areas as a result of three key factors –Transformation in employment –Transformation in earnings –Transformation in income Transfer Payments (TP) and Dividends, Interest, and Rent Payments (DIR)

Transformation in Income EarningsTPDIREarningsTPDIR *These figures are the percentages of total U.S. income*

Resort/Retirement EarningsTPDIREarningsTPDIR *These figures are for the resort/retirement areas with population of less than 250,000*

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