Why is this important?
Personal income is a basic measure of the local economy’s
health. Individuals use their personal income to meet family needs,
thus helping to fuel all sectors of the local economy.
The wealth index is an "underlying" measure of the
health of the economy in terms of the dollar amounts invested in
each county.
Unemployment rates reflect the ability of employers to supply the
jobs needed by the labor force, and the ability of the labor force
to provide the skills and availability needed by employers.
What is the measure?
Estimates of per capita personal income are averaged across the
population.
The wealth index is the total dollar amount of all FDIC-Insured
deposits secured in each county.
The unemployment rate is expressed as the percentage of people
within the labor force who are out of work and are actively searching
for employment.
How are we doing?
Tuolumne County 2003 to 2005 per capita income shows steady growth.
Tuolumne County compared to Calaveras and Amador Counties shows
the strongest growth in deposits invested between 2004 to 2006.
The increasing unemployment rate reveals the
slowdown in the economy during 2007 and reflects the overall trend
throughout the state. |
