Table 2. Change in Economic Activity from Previous Year
1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000
Oil Patch cities*
Employment
5.1 7.0 3.7 -1.3 3.9 1.7
bust
-3.1
bust
1.2
bust
2.5
bust
2.5
bust
3.7
bust
2.5
bust
0.8
bust
2.9 3.3 3.6 3.0 4.1 4.4 2.0 3.0
Population
4.0 3.8 5.7 3.5 1.2 1.1
bust
1.3
bust
-1.1
bust
-0.2
bust
1.1
bust
2.0
bust
2.5
bust
2.6
bust
2.2 2.1 1.9 2.0 2.1 2.3 2.3 2.1
California cities*
Employment
1.5 1.2 -1.5 2.1 4.8 3.8 3.3 4.1 4.4
boom
2.5
boom
2.0
boom
-1.7 -2.9 -0.8 0.5
bust
2.4
bust
1.8
bust
1.1
bust
3.9
bust
2.5
boom
2.7
boom
Population
2.1 1.8 2.4 2.2 2.0 2.3 3.0 2.8 2.5
boom
2.7
boom
2.2
boom
1.5 1.5 0.8 0.4
bust
0.5
bust
0.7
bust
1.1
bust
1.4
bust
1.6
boom
1.2
boom
New England cities*
Employment
2.0 0.9 0.0 2.2 5.6 3.8
boom
3.7
boom
2.9
boom
2.9
boom
-0.5
boom
-1.7 -4.2
bust
-0.8
bust
0.9
bust
-0.3
bust
1.8
bust
1.7
bust
1.6
bust
1.6
bust
1.7 2.1
boom
Population
0.5 0.5 0.4 0.8 0.7 0.8
boom
0.8
boom
0.8
boom
0.8
boom
0.3
boom
0.3 0.3
bust
0.0
bust
0.3
bust
0.3
bust
0.3
bust
0.5
bust
0.5
bust
0.6
bust
0.7 0.8
boom
Peoria
Employment
-1.1 -1.6 -6.9 -5.3 3.8
bust
-0.7
bust
0.5
bust
1.5
bust
4.3
bust
3.2 2.1 0.1 -0.5 1.9 2.8 1.4 3.9 1.7 2.0 0.2 1.0
Population
0.9 -0.2 -0.9 -1.4 -1.7
bust
-2.0
bust
-1.8
bust
-0.8
bust
0.0
bust
0.8 0.6 0.7 0.2 0.1 0.1 1.0 0.0 0.0 0.1 0.2 -0.2
Honolulu
Employment
3.1
boom
-1.2 -0.7 1.2 1.0 2.2 2.1 4.7 3.2 3.1
boom
3.2
boom
2.0
boom
0.2 -0.6 -1.0 -0.9 -0.5
bust
-0.4
bust
-0.2
bust
-0.9
bust
2.4
bust
Population
0.7
boom
1.1 1.1 1.7 1.1 0.8 0.8 1.0 0.7 0.9
boom
0.9
boom
1.4
boom
1.6 0.7 0.9 0.3 0.2
bust
0.4
bust
0.0
bust
-0.9
bust
-0.4
bust
U.S.
Employment
0.4 0.9 -1.5 0.8 4.7 2.6 1.8 2.8 2.9 2.4 1.2 -1.3 0.5 1.8 2.4 2.4 1.9 2.3 2.6 2.3 2.1
Population
1.0 1.0 1.0 0.9 0.9 0.9 0.9 0.9 0.9 0.9 1.1 1.3 1.4 1.3 1.2 1.2 1.2 1.2 1.2 1.2 1.1
* Changes in employment and population are shown as weighted average for "bust" cities in these regions.
Note: The boom and bust designation in this table corresponds to the boom and bust years shown in Table 1.
Source: FDIC FYI "U.S. Home Prices: Does Bust Always Follow Boom?" February 10, 2005. (Bureau of Economic Analysis; Economy.com; U.S. Census Bureau).