Forecast encouraging at Morgantown MSA Economic Outlook Conf. - WBOY.com: Clarksburg, Morgantown: News, Sports, Weather

Forecast encouraging at Morgantown MSA Economic Outlook Conference

Posted: Updated:
  • Local NewsMore>>

  • West Virginia University Children's Hospital Breaks Ground on New Expansion

    West Virginia University Children's Hospital Breaks Ground on New Expansion

    Tuesday, September 16 2014 12:00 AM EDT2014-09-16 04:00:32 GMT
    Monday marked the new beginning for the West Virginia University Children's Hospital. The hospital is expanding its walls to meet the growing needs of the community.
    Monday marked the new beginning for the West Virginia University Children's Hospital. The hospital is expanding its walls to meet the growing needs of the community.
  • Marion County Residents Gather To Meet The Candidates

    Marion County Residents Gather To Meet The Candidates

    Monday, September 15 2014 11:45 PM EDT2014-09-16 03:45:34 GMT
    Meet The Candidate ForumMeet The Candidate Forum
    Marion County residents were able to meet the candidates Monday night and get to hear from Fairmont City Council.
    Marion County residents were able to meet the candidates Monday night and get to hear from Fairmont City Council.
  • WVU Students Honor Slain Journalists With Vigil

    WVU Students Honor Slain Journalists With Vigil

    Monday, September 15 2014 11:40 PM EDT2014-09-16 03:40:26 GMT
    The militant group ISIS has beheaded four Western hostages, two from the United States and two from Britain. Monday night, WVU's Muslim Association held a vigil for one of the murdered American journalist.
    The militant group ISIS has beheaded four Western hostages, two from the United States and two from Britain. Monday night, WVU's Muslim Association held a vigil for one of the murdered American journalist.
  • BusinessBusinessMore>>

  • Wayne Lumber sawmill faces $85K penalty for OSHA safety and health violations

    Wayne Lumber sawmill faces $85K penalty for OSHA safety and health violations

    Monday, September 15 2014 11:07 AM EDT2014-09-15 15:07:16 GMT
    Wayne Lumber and Mulch Inc. faces $85,080 in proposed penalties for safety and health hazards at its sawmill in Wayne, West Virginia following two investigations by the U.S. Department of Labor's Occupational Safety and Health Administration.
    Wayne Lumber and Mulch Inc. faces $85,080 in proposed penalties for safety and health hazards at its sawmill in Wayne, West Virginia following two investigations by the U.S. Department of Labor's Occupational Safety and Health Administration.
  • ASBDC to honor small business coach

    ASBDC to honor small business coach

    Sunday, September 14 2014 4:00 PM EDT2014-09-14 20:00:15 GMT
    America's Small Business Development Centers recently announced James Epling has been selected as the West Virginia 2014 State Star. The ASBDC State Star honors outstanding employees from Small Business Development Centers.
    America's Small Business Development Centers recently announced James Epling has been selected as the West Virginia 2014 State Star. The ASBDC State Star honors outstanding employees from Small Business Development Centers.

  • Frontier, Dish to award small towns

    Frontier, Dish to award small towns

    Sunday, September 14 2014 3:00 PM EDT2014-09-14 19:00:16 GMT
    Frontier Communications will help revitalize small towns through “America's Best Communities,” an $8.5 million, nationwide prize competition.
    Frontier Communications will help revitalize small towns through “America's Best Communities,” an $8.5 million, nationwide prize competition.

Continued job growth is the forecast for the Morgantown Metropolitan Statistical Area, according to the West Virginia University College of Business and Economics, released at the Morgantown MSA Economic Outlook Conference Nov. 12.

The Morgantown Metropolitan Statistical Area includes Monongalia and Preston counties.

The presence of WVU and its nearly 30,000 students is the largest driver in the local economy, which has helped the area weather the recession storm of the past several years, in addition to other factors.

"The Morgantown MSA largely avoided the recent recession and has experienced consistent economic gains over the past several years, driven primarily by significant employment growth in the health care government and manufacturing sectors in the region," said John Deskins, director of the WVU Bureau of Business and Economic Research.

About one in four jobs in the Morgantown metro area is related to federal, state or local government. Health care accounts for about one in five, with nearly 8,000 employed at area hospitals.

Other observations by Deskins:

 

  • "The health care sector has been the largest contributor to regional job growth over the past few years, driven largely by broader national trends in health care hiring and recent expansions at WVU Healthcare and Mon General Hospital."
  • "Unemployment in the region is substantially below the state and national averages, and recent improvement in unemployment has been driven entirely by job growth rather than by labor force attrition. Personal income per capita has also grown at a healthy pace in the region recently."
  • "A remarkable difference in the Morgantown area, compared to the state overall, is the fact that population in the region has been growing at a healthy pace for many years, and this trend is expected to continue. The population in Morgantown is also noticeably younger compared to the state average, and much more highly educated."

 

Full details are available at www.be.wvu.edu/bber