PERI™ measures the resiliency of 25 metro areas, including Pathfinder’s six western U.S. target markets. One-third of the weighting is determined by a 20-year average of employment growth; two-thirds 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 25-Metro area average (i.e. Austin is 1.78x more resilient than the 25-Metro average).
*Higher resiliency index indicates greater economic stability during recessionary periods. Employment growth is based on a 20-year average through December 31, 2019.
|San Francisco-Bay Area||1.41|
|New York City||0.84|
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