Montana.Dept. of Labor And Industry.Research And Analysis Bureau
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Two time periods do stand out however. The employment losses of the 1980s were much harder on the Boot than the Triangle and likely indicate that the Boot economy was still linked to natural resources. Conversely, the late 1990s and early 2000's saw much larger swings in Triangle employment due to the internet bubble growth and bust. This indicates that while the Boot may be emerging as a high-tech area, it hasn't yet reached the levels achieved in North Carolina. Figure Five: Percentage Change... in Total Wages for the Boot and the Research Triangle, 1969-2004 Source: Bureau of Economic Analysis Figure Five tells the same story with total wages. A pronounced drop in wages for the Boot is seen in the 1980s, while a sharp rise and fall in wages are seen in the Triangle at the end of the century, compared with much smaller declines in the Boot. Overall, the Triangle experienced higher total and average growth, due in large part to the Boot's wage declines of the 1980's. Regional Economic Diversity The employment and wage graphs suggest that the technology based businesses have not yet become the central theme of the Boot economy One method of confirming this conclusion is to compare the industry location quotients (LQs) for each region.
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