Indeed, the trend has appeared to continue. Between 2005 and 2007, only eight metropolitan areas -- many of them bigger -- added more college-educated migrants of any age than did Portland, the nation's 23rd largest metro area, according to an analysis of Census data by William H. Frey, a demographer at the Brookings Institution. A more detailed breakdown by age isn't yet available, but Mr. Frey and other demographers say the bulk of the movers are likely between the ages of 25 and 39, the most mobile age group by far.
"A lot of people figure there aren't jobs anywhere, so they might as well be where they want to be," says Mark McMullen, a senior economist at Moody's economy.com.Portland isn't discouraging the young and educated from coming, though the glut of workers puts more stress on city services. One of the most important factors in a city's economic success is the education level of its work force, says Harvard University economist Edward Glaser. Cities such as Detroit and Cleveland that have exported college graduates in recent years
Are trying to retain them with everything from internship programs to building artists' lofts."I'm hopeful people will stick around," says Portland mayor Sam Adams. "Even if they come to my city without a job, it is still an economic plus."As migration within the U.S. slows as jobs disappear and home prices fall, Portland is one of the few cities to which people of all ages are moving. Of the top 25 destinations for domestic migrants between
July 2006 and July 2007, before the recession started, Census data show only four drew more people in the subsequent 12 months, between July 2007 and July 2008, when the U.S. was in recession, according to an analysis by Mr. Frey.
Thursday, June 4, 2009
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