Exhibit I-2A
ANNUAL EMPLOYMENT GROWTH
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
1990-2040
YEAR
TOTAL NON-
MILITARY
EMPLOYMENT CAGR
1990
606,667
1995
650,633
1.41%
2000
723,600
2.15%
2005
761,367
1.02%
2010
736,300
-0.67%
#
2015
784,774
1.28%
2020
808,232
0.59%
#
2030
822,619
0.18%
2040
846,748
0.29%
AVG. ANNUAL GROWTH
1990-2000
11,693
2000-2010
1,270
2010-2020
7,193
2020-2030
1,439
2030-2040
2,413
YEAR
TOTAL OFFICE
EMPLOYMENT CAGR
-5,000
0
5,000
10,000
15,000
20,000
PROJECTED
1990
100,967
1995
122,171
3.89%
2000
152,026
4.47%
2005
155,880
0.50%
2010
147,156
-1.15%
2015
158,425
1.49%
2020
165,305
0.85%
2025
166,489
0.14%
2030
168,891
0.29%
2040
178,053
0.53%
AVG. ANNUAL GROWTH
1990-2000
5,106
2000-2010
-487
2010-2020
1,815
2020-2030
359
2030-2040
916
* This data does not include military or government employment
SOURCE: Moody's Economy.com
-25,000
-20,000
-15,000
-10,000
Office Employment Growth
Total Employment Growth Excluding Military
Military Employment Growth
Exhibit I-2A
E4-11982.40
Printed: 3/27/2014
CITY OF CHESAPEAKE
