April 19, 2019, T+7, Part 5 -- New York City's Population Dips For First Time In Over A Decade

It doesn't really matter whether the city's population dips. What's important is who's fleeing? If it's the rich and famous, NYC is in trouble.

So, let's see what The Wall Street Journal has to say.

International migration into New York City’s five boroughs tapered off, as more residents left, shrinking the city’s population in 2017 and 2018, according to U.S. Census Bureau numbers released Thursday.

New York’s population dropped 0.47% to 8.4 million by July 2018, compared with the previous year. Census officials previously estimated that New York’s population grew by about 7,000 in 2017, but revised figures show it actually dipped by about 38,000, a 0.45% decline from the prior year.

Officials with New York City’s Department of City Planning said it appeared that the city’s robust population expansion, fueled by new young residents, in the past decade appears to have begun its inevitable slowdown. Overall, the number of residents in the five boroughs grew by 2.7% from 2010 to 2018.

"Inevitable." Say what?

More from the story:

Net migration, the sum of all people moving in and out of the city, has also decreased in recent years. In 2011, that number increased by about 14,300, a reversal of a decadeslong downward trend. That number began to fall again in 2013 and shrank by about 87,000 in 2018, as the city reverted back to its previous trend, city planning officials said.

A few other major metro areas in the U.S. also reported declines. The Los Angeles metro area shrank by 0.1%, and Chicago declined by 0.2%. Pittsburgh and Cleveland also showed similar drop-offs.

Los Angeles County—the nation’s largest county, which includes the cities of Los Angeles, Long Beach and Pasadena—also posted losses in 2018 because of a slowdown in international migration and more residents leaving. The number of residents in the county dipped to 10.10 million, a 0.1% decline. The county’s population was essentially flat in 2017.

Wow, what a lousy story. Not one bit of analysis. 

Whatever. The "southern surge" will eventually turn things around for NYC, LA.

Note that "a few other major metro areas in the US" did not include any in Florida or Texas, two states with no state income tax.

Just saying.