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0 12 a <br /> 2.9 EMPLOYMENT <br /> ECONOMIC FRAMEWORK components of the <br /> Population and the economy are interrelated arcom of me County's <br /> the <br /> development picture. Both are limited by the capacity change the in one <br /> physical resources and infrastruecture the other component. Change <br /> 1 component affects associated change <br /> in the total population affects the level of demand for me <br /> opportunities, while change in the employment <br /> number of people in the affected area and her rn of net <br /> for housing the experiencing a pattern <br /> ern ofenct <br /> for housing and services. If an area and is likely <br /> in-migration during the planning period growth likely time can be <br /> continr growth, future pop <br /> continued economic gr <br /> expected. <br /> growth is employment. This indicator <br /> The basic indicator of economic gr provided in ent such as the <br /> can be broken down into other facteoramount of income level of employmeon.the <br /> and the rate of unemployment, the requirements of that se <br /> various sectors, and the future facility <br /> estimating the degree a change <br /> an <br /> Examination of these factors seeks to esmsess the economic state of an <br /> Ex desirable <br /> area and provides the basis for e <br /> likely. ro riate and <br /> It further serves as the in <br /> balance appropriate <br /> more <br /> growth trends and the degree of the <br /> preferred for the area. Balanced alth of thelarea,7ethemstaba�1P Y <br /> favorable on the economic of life enjoyed by the area's <br /> employment picture, the quality <br /> residents and the costs of future development. <br /> nescription And A*+a $ of Economic Tr� e_ in Oran a Count seventeen <br /> one of s <br /> Orange County is part of the Triangle J Regio , J Region is also <br /> planning regions in North Carolina. The Triangle 3 Region <br /> areas, also <br /> composed of two other counties containing metropolitan Lee, areas, and <br /> and Durham: and three non-metropolitan counties, le J Region nd <br /> The Triangle Johnston xpre (See Triangle i iant J growth Region <br /> a s the region enjoys comparative <br /> experiencing sign characterized by a level <br /> advantages statewide. The area is currently growth. <br /> of employment opportunities which is outpacing population ernment, higher <br /> New employment is particularly concentrated in the go <br /> education, research and development and service sectors. Individuals <br /> eduke opportunities are migrating <br /> seeking these employment <br /> areas both within and outside of the state. patterns, <br /> growth and migration p <br /> As there is a link between economic d b the area will be associated <br /> the continued economic growth enjoyed will <br /> perceive associated <br /> with continued in-migration as potential employees <br /> o population growth will stimulate <br /> employment climate. This source of P gods and encourage activity in <br /> increased demands for services and goods the fastest growth <br /> the commercial and service sectors to saexperiencing these demands. Orange <br /> County and the Triangle are currently <br /> in the state and this plays an important role <br /> inthi economic <br /> Triangle J in <br /> scenario. The major focus for economic growth <br /> 1 <br />