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Area ranchers and the Texas and Pacific Railway founded my
community, Abilene, Texas, in 1881. Dyess Air Force Base has been in
Abilene since 1956. Abilene is home to three universities: HardinSimmons, Abilene Christian and McMurry University. In 2014, Forbes
Magazine named Abilene one of the top twenty-five places to retire in
America. The city is located in Taylor County and the Abilene
Metropolitan Statistical Area.
The
20-year
projections
are
higher
than
the
10-year
projections for the same scenario. The simple trend approaches do not
tend to have such a drastic projected growth over the years as the
ratio approaches. However, the constant and shift share approaches
for 2015 are far greater than the current population. All of the constant
and shift share approaches are greater than any of the share of growth
approach projections. In contrast, the simple trend approaches tend to
underestimate the growth. I believe that the share of growth approach
is the most realistic and representative of Abilene, with a 2020 1.0
scenario? projected population of 125,918.
2015
10 year
20 year
2020
10 year
20 year
119,665
119,820
119,820
118,196
118,207
118,207
122,268
122,642
122,642
154,178
154,173
156,383
156,077
158,612
158,301
151,961
151,957
151,838
151,540
156,280
155,974
growth
0.5
118,325 121,906 119,449
126,220
1.0
118,324 121,902 119,370
125,918
Averages based on simple (linear & exponential) and 1.0
scenario ratio
Average of all 131,080. 133,503.
5 projections
Trimmed
Average
(without
the
highest
&
132,678
137,020.
=131,08
=133,50
=137,021
1
128,589
3
131,226.
129,705.
134,844.
333
6667
6667
=131,22
=129,706 =134,845
lowest
projections)
One average used to summarize all of the data was the average
of all 5 projections: linear, exponential and the 1.0 scenarios of share
of growth, shift share and constant. This average summarizes all of tbe
projections. Another average used was the trimmed average which
does not factor in the highest and lowest of the 5 projections use in the
earlier average and only averages the three middle values. The
average of all five projections, when keeping year and scenarios
Males
Age Group
Females
-10,000
-5,000
5,000
Population
Age Group
Male
Female
10000
5000
5000
10000
Population
The unemployment rate for the Abilene MSA and the state of
Texas followed very similar trends during the period fro 2002 to 2012.
The unemployment rate for both was steadily declining until they both
spiked in 2009 following the economic crash of 2008. Since 2010, the
rates have begun to slowly decline once again. However, the Abilene
MSA unemployment rate, for this time span, is always below the Texas
rate.
Unemployment Rate
Abilene MSA
Unemployment Rate
Year (2002-2012)
Source: BLS
Unemployment
One reason Abilene survived the economic crash so well was in
1989 Abilene became the first city in Texas to adopt a half-cent sales
tax devoted specifically to economic growth. This led to $8.6 million in
economic growth in 2008. The voter-approved tax was adopted after
the economic slump of the 1980s and helped Abilene avoid major
crisis in 2008.
The Personal Income of Taylor County for 2013 was
$5,606,111,000. A large portion of those earnings came from the
health care and social assistance sector and mining industries. Those,
along with retail trade, construction, finance and insurance are a major
part of the economy for Abilene. Industries that have little presence in
the Abilene economy are forestry, fishing, arts, entertainment and
recreation, and management of companies and enterprises.
Industry
500000 1000000
Source: BLS
Earnings
The industries employing the most people in the United States is
health care and social assistance and retail trade. Other industries that
employ large numbers of people are accommodation and food service,
manufacturing and waste management and remediation. Industries
employing the fewest people in the country are mining and utilities. In
the state of Texas the industries that employ the most people are
health care and social assistance, retail trade and accommodation and
food services. The industries that employ the least amount of people in
Texas are utilities, agriculture, forestry and fishing and management of
companies and enterprises. In Abilene, industries that employ the most
people are health care and social assistance, retail trade and
construction. Low employment industries are agriculture, forestry and
fishing, utilities and real estate and rental industries. This chart implies
that Abilene supplies and exports oil and gas while industry sectors
Source: BLS
Employment
In the Abilene MSA there are 51,969 jobs with 30,017 of those
jobs filled by residents of the MSA. People living outside the selection
area fill the other 21,952 jobs. Residents of the MSA also fill 16,455
jobs that are outside of Abilene.
Potosi CDP, TX
Lubbock city, TX
Merkel town, TX
Sweetwater city, TX
Midland city, TX
Dallas city, TX
References
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%2Fpics2.citydata.com%2Fcity%2Fmaps%2Ffr202.p
AmericanFactFinder.(n.d.).RetrievedMay3,2015,from
http://factfinder.census.gov/faces/nav/jsf/pages/index.xhtml
TexasDemographicDataUserConference.(n.d.).RetrievedMay3,2015,fromhttp://txsdc.utsa.edu/
OnTheMap.(n.d.).RetrievedMay3,2015,fromhttp://onthemap.ces.census.gov/
U.S.BureauofLaborStatistics.(n.d.).RetrievedMay3,2015,fromhttp://www.bls.gov/home.htm
U.S.EconomicAccounts.(n.d.).RetrievedMay3,2015,fromhttp://www.bea.gov