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.(1)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 (i.e. Austin is 1.95x 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 September 30, 2021.
(1) As of September 30, 2021, 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, modified from one-third and two-thirds, respectively, as December 31, 2019. (Top 25 Metros shown within chart)
|San Francisco-Bay Area||1.62|
|New York City||1.00|
Subscribe to the Pathfinder Report
Read our engaging editorial content about real estate trends, investments & the economy.
© 2022 Pathfinder Partners. All Rights Reserved.