Advertisement

Archive for Thursday, September 27, 2007

Report: Lawrence economy’s growth slowing but stable

September 27, 2007

Advertisement

A new government report provides more data to suggest Lawrence's economy has begun to slow down in recent years.

Lawrence's gross domestic product grew at a rate less than the national average in 2005, the most recent year for which data is available. That's according to a report released Wednesday by the U.S. Bureau of Economic Analysis.

But the report also shows that Lawrence's economy since 2001 has been more stable than several other Midwestern communities.

The city's GDP, which is a broad measure of activity in an economy, grew by 2.5 percent in 2005. That was less than the 3 percent national average.

"It sounds like another set of numbers that indicate Lawrence is lacking that above-average growth that we've experienced pretty consistently for the past 20 or 30 years," City Commissioner Mike Dever said.

City leaders also have been looking at Census and sales tax data that have showed a slowdown in growth, or even declines in the past two years.

Lawrence fared better when looking at its GDP growth rates since 2001. During that time period, Lawrence had a 2.8 percent growth rate, which was better than the 2.6 percent national average. It also was better than Kansas City (2.25 percent), Topeka (0.4), Wichita (-0.85), Columbia (1.4), Boulder (0.1), and Ames (2.2).

The report also provided information on what parts of the city's economy are growing. In 2005, the government sector posted the most growth at 0.44 percent. Other sectors included: financial activities at 0.43 percent; education and health services at 0.38; and nondurable goods manufacturing at 0.39 percent. Natural resources and mining was the only category that declined in Lawrence. It dropped by 0.31 percent.

Wednesday's report marks the first time the Bureau of Economic Analysis has prepared GDP estimates for all metro areas. The agency looked at several pieces of data to create the estimates, but relied heavily on wage data that counties supply to states.

Comments

spywell 6 years, 6 months ago

Now you know the real reason your real estate taxes have doubled in the past 5 years.

0

Godot 6 years, 6 months ago

Why am I not surprised that the largest "growth" element in the city of Lawrence is government? How ironic can that be? Growth in government is not growth in the economy, it is the opposite of growth. It is a negative. And the figures for growth in government do not include "education." For some reason, this study considers that to be a separate category. How stupid is that? The majority of education jobs in Lawrence are government funded.

If you consider all the "government production" (the mere term is an oxymoron) and add to to it the "education production" in Lawrence, it is easy to see that the city is in a serious decline.

0

spywell 6 years, 6 months ago

If anyone can be credited with the increase in crime its not the city commission. They have no control over the Counties Court Policies that are mandated by our judges. The city commissioners do however can effect the office of the chief of police, nonetheless, hes subjected to the Counties Court Polices aswell. When your weak the criminals are the first to know it and the tax payers the last.

0

hawkperchedatriverfront 6 years, 6 months ago

One has to wonder why the J/w does not print the contents of online chat questions and answers. Many people do not go online to read the paper.

In Manhattan, Ks it takes 2 months the man said to demolish and start construction. SUE, did you read the chat? Dever, amyx, BOOg, AND ROASED chestnuts, did all of you read those words?

Why not in Lawrence, what are you doing about it? so far, it appears nothing.

As for the article today, Dever's comments are pretty lame and void of substance.

A dying friend was visited by the doctor and the doctor said the death is slow but the condition is stable. Translated means: the man is dying!!

welcome to Lawrence: "god's waiting room".

are you tired? retire to Lawrence, "god's waiting room"

can't get enough money to move from Lawrence? welcome to "god's waiting room"

I wonder if Dolph will comment on the street condition/improvement and compare it to the 40 year ago column. 40 years ago, the conditions of the streets was discussed and where to get money..a $10 vehicle charge was suggested. nothing happened 40 years ago. now here we are again, same topic nothing happening. progress? leadership? vision? guts? NONE

0

jumpin_catfish 6 years, 6 months ago

The policy of the previous commission has been to limit growth and it has succeeded.

0

posessionannex 6 years, 6 months ago

If you think you can attribute a local economy's GDP growth/decline to a specific person or commission, you are severly (sic) lacking in economic wherewithall (sic).

I'll remember this if we hit a recession in '08 and the left blames it on Bush. Oh wait, you used the qualifier "local economy," so now you're a genius and we worship your wisdom. Nicely done, Augustus.

0

logicsound04 6 years, 6 months ago

We must have some pretty skilled amateur economists on the LJWorld forum for people to have such an easy time pointing to the direct cause of this slowdown.

If you think you can attribute a local economy's GDP growth/decline to a specific person or commission, you are severly lacking in economic wherewithall.

0

jmadison 6 years, 6 months ago

Our previous city commission has put Lawrence in a hole that will take years if not decades to overcome.

0

posessionannex 6 years, 6 months ago

If this was true of the U.S. economy, what would the LJW headline be?

0

lunacydetector 6 years, 6 months ago

....and our violent crime rate doubled during their reign.

0

Reality_Check 6 years, 6 months ago

Not mentioned in this article, or any others I've seen: According to http://data.bls.gov/PDQ/outside.jsp?survey=sm, total nonfarm payrolls in the Lawrence MSA (incl. county) declined by 3.5% during the period.

I looked at some of our peers (Santa Fe, NM; Bellingham, WA; Olympia, WA; Salem, OR; Columbia, MO; Lincoln, NE; Ames, IA; College Station, TX) and found that ALL of them, except for Ames had positive job growth during the 2001-2005 period. Ames was down .2% vs. Lawrence's 3.5%.

HELLO! That's a crisis...someone needs to be asking the question, "WHY?"

0

Reality_Check 6 years, 6 months ago

And Sue Hack was just missing from those years? Please.

0

SettingTheRecordStraight 6 years, 6 months ago

Now that the reprobate Progressive Lawrence majority is gone, maybe things will improve.

0

Michael Capra 6 years, 6 months ago

rundle bundles gang did a lob on this town that will be felt for years dont let this ever happen again

0

Michael Capra 6 years, 6 months ago

fire the rude ones in planning we might have a chance and get ride of people that cant answer questions

0

Commenting has been disabled for this item.