The Recession Has Americans On The MoveBy
Moving vans are taking to the road again. The latest numbers from the Census Bureau show that on a net basis, about 550,000 people moved out of the Northeast and the Midwest from April, 1990, to July, 1991. The bulk of the losses came from recession-stricken states such as Massachusetts and New York, but the moderate downturn in the Midwest didn't stop people from leaving there as well. Main destinations: Florida, Nevada, and Washington state.
However, the Northern states are still a magnet for some groups. Over the same period, the Northeast and the Mid-West were garnering a healthy 40% of immigrants from overseas, helping compensate for the domestic outflow. If these trends continue, the economic vitality of the Northeast and Midwest will become even more dependent on the health of their immigrant communities.