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21 sats \ 1 reply \ @0xbitcoiner OP 5 Jun \ parent \ on: The Real GDP Growth of U.S. Regions in 2023 econ
I've looked at the report and most of the growth in this area comes from mining, quarrying, and oil and gas extraction (1.73) and real estate and rental and leasing (0.72)
https://www.bea.gov/sites/default/files/2024-03/stgdppi4q23-a2023.pdf
Sure, but the people who do those jobs and buy that real estate have to come from somewhere. In the case of the Southwest, they're largely coming from CA.
A better way to say it, is that the change from normal migration patterns is the influx of Californians. Until fairly recently, people tended to move to California, rather than away from it.
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