Local Area II Economic Report

Transcription

1 A proud partner of the network Local Area II Economic Report January 1, 2017 to December 31, 2017

2 Local Area II Kansas Emsi Q Data Set

3 Contents. Economy Overview Historic &.. Projected Trends Popula on Characteris cs Industry Characteris cs Business Characteris cs Workforce Characteris cs Educa onal Pipeline Emsi Q Data Set

4 Economy Overview 579, ,612 $48.5K Popula on (2017) Jobs (2017) Avg. Earnings Per Job (2017) Popula on grew by 762 over the last 5 years and is projected to grow by 2,293 over the next 5 years. Jobs grew by 3,311 over the last 5 years and are projected to grow by 11,559 over the next 5 years. Regional average earnings per job are $15.1K below the na onal average earnings of $63.6K per job. As of 2017 the region's popula on increased by 0.1% since 2012, growing by 762. Popula on is expected to increase by 0.4% between 2017 and 2022, adding 2,293. From 2012 to 2017, jobs increased by 1.1% in Local Area II from 291,301 to 294,612. This change fell short of the na onal growth rate of 7.6% by 6.5%. As the number of jobs increased, the labor force par cipa on rate decreased from 63.8% to 63.7% between 2012 and Concerning educa onal a ainment, 19.2% of the selected regions' residents possess a Bachelor's Degree (0.8% above the na onal average), and 7.6% hold an Associate's Degree (0.4% below the na onal average). The top three industries in 2017 are Educa on and Hospitals (Local Government), Federal Government, Military, and Restaurants and Other Ea ng Places. Emsi Q Data Set 1

5 Economy Overview - Cont. Popula on (2017) Labor Force (2017) Jobs (2017) Cost of Living GRP Imports Exports Region 579, , , $24.90B $35.50B $42.32B Kansas 2,916,401 1,490,745 1,550, $156.52B $178.13B $208.63B ROZ 498, , , $19.93B $33.71B $30.13B United States 325,401, ,469, ,732, $17.83T $0 $8.61T Emsi Q Data Set 2

6 Economy Overview - Cont Labor Force Breakdown Popula on A Total Working Age Popula on 469,903 A Not in Labor Force (15+) 170, ,894 Popula on A Labor Force 299,495 A Employed 290,347 A Unemployed 9,148 A Under ,992 Educa onal A ainment Concerning educa onal a ainment, 19.2% of the selected regions' residents possess a Bachelor's Degree (0.8% above the na onal average), and 7.6% hold an Associate's Degree (0.4% below the na onal average). % of Popula on Popula on A Less Than 9th Grade 2.8% 10,267 A 9th Grade to 12th Grade 4.8% 17,470 A High School Diploma 29.6% 106,996 A Some College 23.8% 86,017 A Associate's Degree 7.6% 27,340 A Bachelor's Degree 19.2% 69,344 A Graduate Degree and Higher 12.2% 44,165 Emsi Q Data Set 3

7 Historic & Projected Trends Popula on Trends Economy Overview As of 2017 the region's popula on increased by 0.1% since 2012, growing by 762. Popula on is expected to increase by 0.4% between 2017 and 2022, adding 2,293. Timeframe Popula on , , , , , , , , , , ,188 Emsi Q Data Set 4

8 Historic & Projected Trends - Cont. Job Trends Economy Overview From 2012 to 2017, jobs increased by 1.1% in Local Area II from 291,301 to 294,612. This change fell short of the na onal growth rate of 7.6% by 6.5%. Timeframe Jobs , , , , , , , , , , ,171 Emsi Q Data Set 5

9 Historic & Projected Trends - Cont. Labor Force Par cipa on Rate Trends Timeframe Labor Force Par cipa on Rate % % % % % January - August % September % October % November % Emsi Q Data Set 6

10 Historic & Projected Trends - Cont. Unemployment Rate Trends Your areas had a November 2017 unemployment rate of 3.05%, decreasing from 5.74% 5 years before. Timeframe Unemployment Rate % % % % % January - August % September % October % November % Emsi Q Data Set 7

11 Popula on Characteris cs 144,940 83, ,721 Millennials Re ring Soon Racial Diversity Your area has 144,940 millennials (ages 20-34). The na onal average for an area this size is 119,975. Re rement risk is about average in your area. The na onal average for an area this size is 88,104 people 65 or older, while there are 83,963 here. Racial diversity is low in your area. The na onal average for an area this size is 223,923 racially diverse people, while there are 118,721 here. 41, /1, /1,000 Veterans Violent Crime Property Crime Your area has 41,354 veterans. The na onal average for an area this size is 34,060. Your area has 2.75 violent crimes per 1,000 people. The na onal rate is 3.75 per 1,000 people. Your area has property crimes per 1,000 people. The na onal rate is per 1,000 people. Emsi Q Data Set 8

12 Popula on Characteris cs - Cont. Place of Work vs Place of Residence Understanding where talent in the region currently works compared to where talent lives can help you op mize site decisions. High Inbound Commuters High Outbound Commuters Where Talent Works Where Talent Lives ZIP Name 2017 Employment ZIP Name 2017 Workers Manha an, KS (in Riley 20, Topeka, KS (in Shawne 19, Lawrence, KS (in Doug 19, Junc on City, KS (in Ge 18, Topeka, KS (in Shawne 13, Manha an, KS (in Riley 19, Junc on City, KS (in Ge 19, Topeka, KS (in Shawne 15, Lawrence, KS (in Doug 14, Lawrence, KS (in Doug 14,661 Emsi Q Data Set 9

13 Industry Characteris cs Largest Industries Industry Jobs Na onal Average Educa on and Hospitals (Local Government) Federal Government, Military Restaurants and Other Ea ng Places Local Government, Excluding Educa on and Hospitals Educa on and Hospitals (State Government) 0 5,000 10,000 15,000 20,000 Industry 2012 Jobs 2017 Jobs Change in Jobs ( ) % Change 2017 Earnings Per Worker Educa on and Hospitals (Local Government) 22,714 23, % $45,326 Federal Government, Military 21,436 19,204-2,232-10% $58,440 Restaurants and Other Ea ng Places 16,868 17,953 1,085 +6% $16,393 Local Government, Excluding Educa on and Hospitals 13,803 13, % $48,859 Educa on and Hospitals (State Government) 11,889 12, % $71,409 Emsi Q Data Set 10

14 Industry Characteris cs - Cont Top Growing Industries Industry Jobs Change Computer Systems Design and Related Services Employment Services General Merchandise Stores, including Warehouse Clubs and Supercenters Restaurants and Other Ea ng Places Educa on and Hospitals (State Government) ,000 1,500 Industry 2012 Jobs 2017 Jobs Change in Jobs ( ) % Change 2017 Earnings Per Worker Computer Systems Design and Related Services 1,818 3,723 1, % $55,444 Employment Services 2,592 4,049 1, % $25,150 General Merchandise Stores, including Warehouse Clubs and Supercenters 3,124 4,544 1, % $27,810 Restaurants and Other Ea ng Places 16,868 17,953 1,085 +6% $16,393 Educa on and Hospitals (State Government) 11,889 12, % $71,409 Emsi Q Data Set 11

15 Business Characteris cs 26,437 Companies Employ Your Workers Online profiles for your workers men on 26,437 companies as employers, with the top 10 appearing below. In the last 12 months, 3,508 companies in your area posted job pos ngs, with the top 10 appearing below. Top Companies Profiles Top Companies Pos ng Unique Pos ngs Kansas State University 4,336 University of Kansas 4,020 United States Army 3,027 Kansas Department of Revenue 1,169 Stormont-Vail Healthcare, Inc. 934 Payless Shoesource, Inc. 731 Westar Energy, Inc. 670 Washburn University of Topeka 610 Blue Cross and Blue Shield of K 436 Lawrence & Memorial Hospital 415 Ly, Inc. 11,337 Hogan Transports Inc 7,984 CRST Interna onal, Inc. 5,249 University of Kansas 4,451 C.R. England, Inc. 4,022 Dollar General Corpora on 3,186 Contract Freighters, Inc. 2,925 Dart Transit Co Inc 2,843 Pla num Supplemental Insuran 2,639 Averi Express, Inc. 2,561 Emsi Q Data Set 12

16 Business Characteris cs - Cont. Business Size Percentage Business Count A 1 to 4 employees 51.8% 11,344 A 5 to 9 employees 20.9% 4,569 A 10 to 19 employees 13.9% 3,038 A 20 to 49 employees 8.5% 1,870 A 50 to 99 employees 3.1% 675 A 100 to 249 employees 1.3% 277 A 250 to 499 employees 0.4% 87 A 500+ employees 0.2% 33 *Business Data by DatabaseUSA.com is third-party data provided by Emsi to its customers as a convenience, and Emsi does not endorse or warrant its accuracy or consistency with other published Emsi data. In most cases, the Business Count will not match total companies with profiles on the summary tab. Emsi Q Data Set 13

17 Workforce Characteris cs Largest Occupa ons Occupa on Jobs Na onal Average Military occupa ons Cashiers Secretaries and Administra ve Assistants, Except Legal, Medical, and Execu ve Retail Salespersons Office Clerks, General 0 5,000 10,000 15,000 Occupa on 2012 Jobs 2017 Jobs Change in Jobs ( ) % Change 2016 Avg. Hourly Earnings Military occupa ons 21,436 19,204-2,232-10% $18.91 Cashiers 6,945 7, % $9.35 Secretaries and Administra ve Assistants, Except Legal, Medical, and Execu ve 6,931 7, % $15.19 Retail Salespersons 6,971 6, % $11.42 Office Clerks, General 5,797 5, % $13.73 Emsi Q Data Set 14

18 Workforce Characteris cs - Cont Top Growing Occupa ons Occupa on Jobs Change Combined Food Prepara on and Serving Workers, Including Fast Food Personal Care Aides Postsecondary Teachers Laborers and Freight, Stock, and Material Movers, Hand Farmworkers and Laborers, Crop, Nursery, and Greenhouse Occupa on 2012 Jobs 2017 Jobs Change in Jobs ( ) % Change 2016 Avg. Hourly Earnings Combined Food Prepara on and Serving Workers, Including Fast Food 5,054 5, % $9.18 Personal Care Aides 2,996 3, % $9.71 Postsecondary Teachers 4,362 4, % $32.08 Laborers and Freight, Stock, and Material Movers, Hand Farmworkers and Laborers, Crop, Nursery, and Greenhouse 3,352 3, % $ , % $12.15 Emsi Q Data Set 15

19 Workforce Characteris cs Top Posted Occupa ons Occupa on Jobs Change Heavy and Tractor-Trailer Truck Drivers Retail Salespersons First-Line Supervisors of Retail Sales Workers Registered Nurses Customer Service Representa ves 0 5,000 10,000 15,000 Occupa on Feb 2017 Unique Pos ngs Jan 2018 Unique Pos ngs Feb Jan 2018 Avg. Unique 2016 Avg. Hourly Earnings Heavy and Tractor-Trailer Truck Drivers 7,075 18,708 8,684 $19.12 First-Line Supervisors of Retail Sales Workers $17.47 Retail Salespersons $11.42 Registered Nurses $28.61 Customer Service Representa ves $14.95 Emsi Q Data Set 16

20 Educa onal Pipeline In 2016, there were 18,103 graduates in Local Area II. This pipeline has remained stable (neither grown nor shrunk) over the last 5 years. The highest share of these graduates come from Nursing Assistant/Aide and Pa ent Care Assistant/Aide, "Business Administra on and Management, General", and "Business Administra on and Management, General". School Total Graduates (2016) Graduate Trend ( ) University of Kansas 6,773 Kansas State University 5,400 Washburn University 1,398 Washburn Ins tute of Technology 1,163 Baker University 930 Highland Community College 622 Benedic ne College 493 Manha an Area Technical College 437 Haskell Indian Na ons University 201 O awa University-Online 165 Cer ficate Associate's Bachelor's Master's or Higher Emsi Q Data Set 17