West Virginia Executive Winter 2020 | Seite 28

deaths. In 2017, 58 out of every 100,000 West Virginians died of drug misuse, a rate that is nearly triple the national figure. This affects economic develop- ment in a similar way as poor education outcomes: if potential businesses find it difficult to identify workers who are healthy and drug free, they are going to be disinclined to move to or expand their business in West Virginia. Population and Migration In studying the human capital challenge in West Virginia, the team at the Bureau of Business and Economic Research (BBER) at West Virginia University has reviewed the education, drug abuse and health ele- ments as well as population and migration trends. The movement of people—especially working-age people—is also important in explaining labor force participation. By examining how demographic patterns evolve, the BBER is more likely to obtain a better sense of where potential businesses might be able to find an appropriate work- force and therefore identify which regions in the state potential businesses might be more attracted to. Overall, West Virginia’s population has aged significantly over recent decades with high growth among the elderly popula- tion and virtually no growth in the prime working age population. The state’s East- ern Panhandle region is the clear outlier among the state’s various regions in that it has exhibited tremendous growth in recent decades, far surpassing national population growth. North Central West Virginia is the only other region in West Virginia to record population growth since 1980. Population growth in these regions is driven by both positive net migration and natural population growth, which is when births exceed deaths. West Virginia is consistently observing natural population decline where births fall short of deaths with the exception of these two regions. In- and out-migration have also been volatile. Only the North Central and Eastern Panhandle regions have received substantial positive net migration flows in recent years. North Central West Virginia receives by far the largest number of net in-migrants from within West Virginia while the Eastern Panhandle receives by far the largest number of net in-migrants from other states. Improving Labor Force Participation What would it mean for West Virginia’s economy if the state found effective ways to increase labor force participation? To answer this question, the team at the BBER estimated the resulting long-run economic impacts from only a hypo- thetical 1-percentage-point increase in the labor force participation rate based on what are believed to be reasonable assumptions related to the time frame involved and the share of those entrants into the labor force who actually find jobs. A 1-percentage-point increase in labor force participation would only eliminate one-ninth of the gap between West Virginia and the nation, so this would not be a Herculean effort. According to the BBER’s estimates, bringing West Virginia men and women into the labor force so the rate improves by only 1 percentage point— and assuming only half of the men and women who enter the labor force ac- tually obtain employment—this action would yield an increase of 11,000 jobs and more than $900 million in economic output annually. These numbers indicate that this idea of increasing labor force participation by a single percentage point deserves serious attention. This information should inspire leaders across the state to push as hard as possible to find more effective ways to get more of West Virginia’s men and women into the workforce to make the state more attractive to potential businesses and more prosperous in the long run.  West Virginia Labor Force and Labor Force Participation Forecast 820 Labor Force (Thousand) Labor Force Participation Rate (LFPR, %) 57 810 56 800 55 LFPR 790 Labor Force 780 53 770 52 760 51 750 1995 2000 2005 2010 2015 SOURCE: Bureau of Labor Statistics and BBER Economic Forecast 26 54 WEST VIRGINIA EXECUTIVE 2020 2025 50