The Pathfinder Economic Resiliency IndexTM (PERITM)

Pathfinder Target Markets Benefit from More Jobs in Resilient Industries and Fewer Jobs in Vulnerable Industries

PERI™ measures the resiliency of 50 metro areas, including Pathfinder’s six western U.S. target markets. One-fifth of the weighting is determined by a 20-year average of employment growth; four-fifths is determined by concentration of employment in three industry sectors seen as resilient and non-resilient. The three resilient sectors are high technology, finance, and government/defense; the three non-resilient sectors are tourism, capital goods manufacturing and energy/natural resources. This component of the index adds a metro area’s proportionate employment from the positive sectors and subtracts the proportionate employment from the negative sectors. PERI™ measures the economic resiliency of a metro area compared with the 50-Metro area average (e.g., Austin is 1.7x more resilient than the 50-Metro average).

*Higher resiliency index indicates greater economic stability during recessionary periods. Employment growth is based on a 20-year average through June 30, 2023.

PERI Income Fund Map

(1) As of June 30, 2023, one-fifth of the weighting is determined by a 20-year average of employment growth; four-fifths are determined by concentration of employment in three industry sectors seen as resilient and non-resilient. 25 metros shown for presentation purposes; rankings for all 50 metros available upon request.

Resiliency Index*
Washington D.C. 2.30
Raleigh 1.79
San Francisco-Bay Area 1.76
Austin 1.71
Sacramento 1.62
Boston 1.50
Denver 1.44
Salt Lake City 1.39
Atlanta 1.24
Nashville 1.19
Dallas 1.17
Phoenix 1.09
San Diego 1.08
Charlotte 1.08
Seattle 1.07
New York City 1.01
Portland 1.00
San Antonio 0.99
Miami 0.96
Indianapolis 0.96
Chicago 0.85
Pittsburgh 0.76
Los Angeles 0.66
Orlando 0.43
Detroit 0.42
50-Metro Average 1.00

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