New York State’s population loss rate has officially slowed.
In what may prove a silver lining in the latest economic black cloud, New York lost fewer residents to other states in 2007-8 than during any year in at least a generation… Between July 1, 2007, and July 1, 2008, New York recorded a net loss of 126,000 residents to other states — meaning 126,000 more people moved out than moved in — according to an analysis by demographers at Queens College. Some 257,000 people moved away during those 12 months, the analysis showed, about half the peak of 521,000 in the same 12 months spanning 2005-6. It was the first time the number dipped below 300,000 since the Census Bureau began measuring the annual flows in 1982.
This was something one might have guessed would eventually happen because the economy is crashing everywhere, but it’s a little surprising that it happened so soon. Is it a blip, or a trend?
It appears more Upstaters are staying put (whether they like it or not), while more people from out of state are moving to NYC.
But NYC is probably set to face steeper job losses in the coming year than here in Upstate, as the full impact of the crash of the financial services industry has yet to be felt on its local economy. (Are there going to be jobs for those newcomers?) So it would continue to be in Albany’s interest to re-balance and re-integrate the state’s economy, and to get some of those newcomers to come up here to live and work, so that the state won’t lose more than a couple Congressional seats by 2010.
I was pleased when Matt Driscoll recently had the guts to say it out loud: that New York State has put all its economic eggs in one basket — Wall Street — and is now paying the price.
Mayor Bloomberg wants to “re-train Wall Street workers for new careers.” Maybe the new Upstate Majority Caucus can think of some ways to take that little job off his hands. After all, he’s got a city to run.