Technology and the Regions Economy

1
Technology and the Regions Economy
Stephen S. Fuller, PhD Dwight Schar Faculty Chair
University Professor Director, Center for
Regional Analysis School of Public Policy George
Mason University
May 12, 2004

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GDP/GRP Trends

Washington
U.S.
3
U.S. Gross Domestic Product
99 4.5 00 3.7 01 0.5 02 2.2 03
3.1
Per Cent

4.2
1999 2000 2001 2002 2003
2004
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Productivity

1st Q 04 3.5
23-yr Avg. 2.1
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Initial Unemployment Claims
(4-week moving average)
Thousands
350
Wk ending 5/1 315K Lowest since 10/28/2000
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Annual Rate of Change in Jobs (Establishment
Survey)USA
Thru Apr 2004
THOUSANDS
Apr 1148 Highest since March 2001
Bottom 2,029 Feb 02
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Annual Rate of Change in Employed (HH Survey) USA
Thru Apr 2004
THOUSANDS
Apr 998
Bottom 2,004 Jan 02
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U.S. Leading IndexMonthly Over-the-Year Percent
Changes

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U.S. Coincident IndexMonthly Over-the-Year
Percent Changes

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1990 - 2003 Share of Job Growth By Sector U.S.
vs PMSA

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Comparative Job Change2000-2004
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Top Job Markets Ranked by Unemployment Rate
March 2004
Percentage
U.S. 6.0
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Washington Area Core Industries Outlook
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Total Federal and Technology-Intensive
Procurement in the Washington Metro Area1982 -
2002
Billions
Technology
Total Federal Procurement Spending In Washington
MSA 1982-2002 373 B
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Technology Subsectors as Percent of Total
Employment 2003Washington vs U.S.

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Washington as Percent of U.S.

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Jobs in Professional and Business Services2003
Thousands
18
Jobs in Professional, Scientific and Technical
Services2003
Thousands
19
Jobs in Computer Systems Design and Related
Services2003
Thousands
20
Jobs in Management, Scientific and Technical
Consulting Services2003
Thousands
NA
NA
NA
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Jobs in Scientific Research and Development
Services2003
Thousands
NA
NA
NA
NA
NA
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Jobs in Manufacturing 2003
Thousands
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Mar 03 Mar 04 Job Change By Sector - PMSA
(000s)
Total 60,600
(Ranked by Size of Sector)
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Top Job MarketsJob Change Mar 2003 - Mar
2004(Monthly Over-the Year Data)
Thousands
Washington 60,600
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Washington Area Leading IndexMonthly
Over-the-Year Percent Changes

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Washington Area Coincident IndexMonthly
Over-the-Year Percent Changes

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Employment Change by Substate Region (000s)
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Economic Outlook 2010Washington Area and
Substate Portions(Annual Change)

NV
MSA
SM
DC
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