Quote:
Originally Posted by Urbanthusiat
Certainly none of the projections I've seen...
In fact the official numbers show that city population growth has slowed as this cycle has worn on. I do feel good about Philly's growth prospects going forward, but the city is most definitely not getting back to 2m in the next 20 - probably even 30 - years. I would love to be wrong but... I don't think I will be.
YoY population growth since 2010
2011: 12,029
2012: 11,475
2013: 6,574
2014: 7,233
2015: 5,654
2016: 5,132
2017: 3,831
2018: 3,917
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I think these numbers are artificially low. Other census numbers on the # of people in the workforce in Pennsylvania just compared to one year ago show a net positive of 100K people. From what I've seen SE PA accounts for 70+% of that and I'd venture a guess and say that Philadelphia proper accounts for 50% of that, if not more. That's 35K new people in the workforce alone.
This is one of the reasons the unemployment rate in PA has been going up...not because we're losing jobs, but because we're adding an abnormal number of people compared to recent historic trend and job growth is trailing, slightly.
I wouldn't be surprised if the census showed us at 1.625 million people (or more).
It's hard to drive around Northern Liberties, South Kensington, East Kensington, Brewerytown, Point Breeze, North Philly, etc and not think we're adding many more people than the government says. There's construction everywhere. And many large sizeable buildings (which are renting quickly) with very few exceptions.