Economy Overview. Marathon County, WI. Emsi Q Data Set

Transcription

1 Marathon County, WI Emsi Q Data Set

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

3 Economy Overview 135,604 76,624 $51.2K Popula on (2016) Jobs (2016) Avg. Earnings Per Job (2016) Popula on grew by 1,092 over the last 5 years and is projected to grow by 1,240 over the next 5 years. Jobs grew by 5,200 over the last 5 years and are projected to grow by 2,196 over the next 5 years. Regional average earnings per job are $10.9K below the na onal average earnings of $62.1K per job. As of 2016 the region's popula on increased by 0.8% since 2011, growing by 1,092. Popula on is expected to increase by 0.9% between 2016 and 2021, adding 1,240. From 2011 to 2016, jobs increased by 7.3% in Marathon County, WI from 71,424 to 76,624. This change fell short of the na onal growth rate of 8.8% by 1.5%. As the number of jobs increased, the labor force par cipa on rate increased from 67.7% to 67.9% between 2011 and Concerning educa onal a ainment, 15.9% of Marathon County, WI residents possess a Bachelor's Degree (2.4% below the na onal average), and 11.3% hold an Associate's Degree (3.3% above the na onal average). The top three industries in 2016 are Educa on and Hospitals (Local Government), Restaurants and Other Ea ng Places, and Management of Companies and Enterprises. Emsi Q Data Set 1

4 Economy Overview - Cont. Popula on (2016) Labor Force (2016) Jobs (2016) Cost of Living GRP Imports Exports Region 135,604 74,669 76, $7.11B $10.52B $10.51B NCWRPC 438, , , $19.88B $31.47B $29.56B State 5,778,689 3,098,333 3,108, $295.24B $332.97B $352.11B Na on 323,127, ,449, ,516, $17.94T $0 $8.30T Emsi Q Data Set 2

5 Economy Overview - Cont Labor Force Breakdown Popula on A Total Working Age Popula on 109,971 A Not in Labor Force (15+) 35, ,604 Popula on A Labor Force 74,669 A Employed 72,265 A Unemployed 2,404 A Under 15 25,633 Educa onal A ainment Concerning educa onal a ainment, 15.9% of Marathon County, WI residents possess a Bachelor's Degree (2.4% below the na onal average), and 11.3% hold an Associate's Degree (3.3% above the na onal average). % of Popula on Popula on A Less Than 9th Grade 4.8% 4,491 A 9th Grade to 12th Grade 5.3% 4,935 A High School Diploma 36.7% 34,342 A Some College 18.9% 17,657 A Associate's Degree 11.3% 10,541 A Bachelor's Degree 15.9% 14,929 A Graduate Degree and Higher 7.2% 6,727 Emsi Q Data Set 3

6 Historic & Projected Trends Popula on Trends Economy Overview As of 2016 the region's popula on increased by 0.8% since 2011, growing by 1,092. Popula on is expected to increase by 0.9% between 2016 and 2021, adding 1,240. Timeframe Popula on , , , , , , , , , , ,844 Emsi Q Data Set 4

7 Historic & Projected Trends - Cont. Job Trends Economy Overview From 2011 to 2016, jobs increased by 7.3% in Marathon County, WI from 71,424 to 76,624. This change fell short of the na onal growth rate of 8.8% by 1.5%. Timeframe Jobs , , , , , , , , , , ,820 Emsi Q Data Set 5

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

9 Historic & Projected Trends - Cont. Unemployment Rate Trends Marathon County, WI had a December 2016 unemployment rate of 3.22%, decreasing from 7.88% 5 years before. Timeframe Unemployment Rate % % % % % January - September % October % November % December % Emsi Q Data Set 7

10 Popula on Characteris cs 24,140 22,321 14,608 Millennials Re ring Soon Racial Diversity Marathon County, WI has 24,140 millennials (ages 20-34). The na onal average for an area this size is 28,228. Re rement risk is high in Marathon County, WI. The na onal average for an area this size is 20,198 people 65 or older, while there are 22,321 here. Racial diversity is low in Marathon County, WI. The na onal average for an area this size is 52,017 racially diverse people, while there are 14,608 here. 9, /1, /1,000 Veterans Violent Crime Property Crime Marathon County, WI has 9,358 veterans. The na onal average for an area this size is 7,968. Marathon County, WI has 1.08 violent crimes per 1,000 people. The na onal rate is 3.75 per 1,000 people. Marathon County, WI has property crimes per 1,000 people. The na onal rate is per 1,000 people. Emsi Q Data Set 8

11 Popula on Characteris cs - Cont. Place of Work vs Place of Residence Understanding where talent in Marathon County, WI 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 2016 Employment ZIP Name 2016 Workers Wausau, WI (in Marath 31, Schofield, WI (in Marat 12, Wausau, WI (in Marath 10, Mosinee, WI (in Marat 5, Rothschild, WI (in Mar 3, Wausau, WI (in Marath 17, Wausau, WI (in Marath 12, Mosinee, WI (in Marat 10, Schofield, WI (in Marat 10, Athens, WI (in Marath 2,912 Emsi Q Data Set 9

12 Industry Characteris cs Largest Industries Industry Jobs Na onal Average Educa on and Hospitals (Local Government) Restaurants and Other Ea ng Places Management of Companies and Enterprises Insurance Carriers General Medical and Surgical Hospitals 0 1,000 2,000 3,000 4,000 5,000 Industry 2011 Jobs 2016 Jobs Change in Jobs ( ) % Change 2016 Earnings Per Worker Educa on and Hospitals (Local Government) 4,451 4, % $59,549 Restaurants and Other Ea ng Places 3,408 3, % $16,738 Management of Companies and Enterprises 719 2,692 1, % $62,998 Insurance Carriers 2,886 2, % $80,865 General Medical and Surgical Hospitals 2,940 2, % $60,335 Emsi Q Data Set 10

13 Industry Characteris cs - Cont Top Growing Industries Industry Jobs Change Management of Companies and Enterprises Outpa ent Care Centers Other General Merchandise Stores Architectural and Structural Metals Manufacturing Employment Services ,000 1,500 Industry 2011 Jobs 2016 Jobs Change in Jobs ( ) % Change 2016 Earnings Per Worker Management of Companies and Enterprises 719 2,692 1, % $62,998 Outpa ent Care Centers 287 1, % $74,908 Other General Merchandise Stores % $29,657 Architectural and Structural Metals Manufacturing 1,265 1, % $65,007 Employment Services % $33,053 Emsi Q Data Set 11

14 Workforce Characteris cs Largest Occupa ons Occupa on Jobs Na onal Average Office Clerks, General Laborers and Freight, Stock, and Material Movers, Hand Cashiers Retail Salespersons Heavy and Tractor-Trailer Truck Drivers ,000 1,500 2,000 Occupa on 2011 Jobs 2016 Jobs Change in Jobs ( ) % Change 2016 Avg. Hourly Earnings Office Clerks, General 2,064 2, % $14.82 Laborers and Freight, Stock, and Material Movers, Hand 1,730 1, % $15.69 Cashiers 1,700 1, % $9.78 Retail Salespersons 1,893 1, % $12.20 Heavy and Tractor-Trailer Truck Drivers 1,620 1, % $19.61 Emsi Q Data Set 12

15 Workforce Characteris cs - Cont Top Growing Occupa ons Occupa on Jobs Change Personal Care Aides Office Clerks, General Janitors and Cleaners, Except Maids and Housekeeping Cleaners Laborers and Freight, Stock, and Material Movers, Hand Cashiers Occupa on 2011 Jobs 2016 Jobs Change in Jobs ( ) % Change 2016 Avg. Hourly Earnings Personal Care Aides 1,015 1, % $10.73 Office Clerks, General 2,064 2, % $14.82 Janitors and Cleaners, Except Maids and Housekeeping Cleaners Laborers and Freight, Stock, and Material Movers, Hand 1,127 1, % $ ,730 1, % $15.69 Cashiers 1,700 1, % $9.78 Emsi Q Data Set 13

16 Educa onal Pipeline In 2016, there were 2,092 graduates in Marathon County, WI. This pipeline has grown by 18% over the last 5 years. The highest share of these graduates come from Nursing Assistant/Aide and Pa ent Care Assistant/Aide, Welding Technology/Welder, and Emergency Medical Technology/Technician (EMT Paramedic). School Total Graduates (2016) Graduate Trend ( ) Northcentral Technical College 2,004 State College of Beauty Culture Inc 56 Globe University 32 Cer ficate Associate Bachelor Masters or Higher Emsi Q Data Set 14