None of the 63 largest metropolitan areas is projected to have fewer jobs in the year 2005 than in 1993. Rochester, Richmond, Buffalo, Louisville, Dayton, and Bergen are projected to gain fewer than 100,000 jobs each by the year 2005. Among the 63 largest metropolitan areas, most of the 10 with the fastest projected population growth are in western states. In contrast, large areas that are projected to have population growth of less than 4 percent to the year 2005 are Nassau, Pittsburgh, Detroit, Cleveland, and New York. Definitions Personal income is the income received by all persons from all sources, that is, from participation in production, from government and business transfer payments, and from government interest.
Personal income is measured before the deduction of personal income taxes and other personal taxes.
Per capita personal income is the total personal income of residents divided by the resident population. Complete names are shown in the accompanying tables. BEA's regional projections program is being discontinued, and the projections presented in this news release complete the final cycle of a set of long-term projections of economic activity and population for states, metropolitan areas, and BEA economic areas. In addition to discontinuing the regional projections, BEA has transferred the business cycle indicators to The Conference Board, and BEA, along with the Census Bureau, will phase out their pollution abatement and control expenditures estimates and will scale back their joint project to obtain plant-level data on foreign direct investment in the United States. BEA prepared its first set of regional projections in the 1960's in response to the need for long-term infrastructure planning by the Water Resources Council, the U.S. Army Corps of Engineers, and, later, the Environmental Protection Agency and state and local government agencies.