Economy Overview. I-69 Thumb Region. Emsi Q Data Set

Transcription

1 I-69 Thumb Region Emsi Q Data Set

2 Economy Overview 851, ,646 $48.6K Popula on (2016) Jobs (2016) Avg. Earnings Per Job (2016) Popula on decreased by 20,862 over the last 5 years and is projected to decrease by 15,272 over the next 5 years. Jobs grew by 7,603 over the last 5 years and are projected to grow by 4,193 over the next 5 years. Regional average earnings per job are $13.5K below the na onal average earnings of $62.1K per job. As of 2016 the region's popula on declined by 2.4% since 2011, falling by 20,862. Popula on is expected to decrease by 1.8% between 2016 and 2021, losing 15,272. From 2011 to 2016, jobs increased by 2.8% in I-69 Thumb Region from 271,043 to 278,646. This change fell short of the na onal growth rate of 8.8% by 6.0%. As the number of jobs increased, the labor force par cipa on rate increased from 55.5% to 55.9% between 2011 and Concerning educa onal a ainment, 11.4% of the selected regions' residents possess a Bachelor's Degree (7.0% below the na onal average), and 9.9% hold an Associate's Degree (2.0% above the na onal average). The top three industries in 2016 are Restaurants and Other Ea ng Places, Educa on and Hospitals (Local Government), and General Medical and Surgical Hospitals. Emsi Q Data Set

3 Contents. Economy Overview Historic &.. Projected Trends Popula on Characteris cs Industry Characteris cs Workforce Characteris cs Educa onal Pipeline Emsi Q Data Set 1

4 Economy Overview - Cont. Emsi Q Data Set 2

5 Economy Overview - Cont Labor Force Breakdown Popula on A Total Working Age Popula on 699,005 A Not in Labor Force (15+) 308, ,342 Popula on A Labor Force 390,468 A Employed 369,727 A Unemployed 20,741 A Under ,337 Educa onal A ainment Concerning educa onal a ainment, 11.4% of the selected regions' residents possess a Bachelor's Degree (7.0% below the na onal average), and 9.9% hold an Associate's Degree (2.0% above the na onal average). % of Popula on Popula on A Less Than 9th Grade 3.0% 17,636 A 9th Grade to 12th Grade 8.1% 48,040 A High School Diploma 35.5% 210,144 A Some College 25.8% 152,681 A Associate's Degree 9.9% 58,874 A Bachelor's Degree 11.4% 67,551 A Graduate Degree and Higher 6.3% 37,012 Emsi Q Data Set 3

6 Historic & Projected Trends Popula on Trends Economy Overview As of 2016 the region's popula on declined by 2.4% since 2011, falling by 20,862. Popula on is expected to decrease by 1.8% between 2016 and 2021, losing 15,272. Timeframe Popula on , , , , , , , , , , ,070 Emsi Q Data Set 4

7 Historic & Projected Trends - Cont. Job Trends Economy Overview From 2011 to 2016, jobs increased by 2.8% in I-69 Thumb Region from 271,043 to 278,646. This change fell short of the na onal growth rate of 8.8% by 6.0%. Timeframe Jobs , , , , , , , , , , ,839 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 % February % March % April % Emsi Q Data Set 6

9 Historic & Projected Trends - Cont. Unemployment Rate Trends Your areas had an April 2017 unemployment rate of 4.45%, decreasing from 10.44% 5 years before. Timeframe Unemployment Rate % % % % % January % February % March % April % Emsi Q Data Set 7

10 Popula on Characteris cs 147, , ,470 Millennials Re ring Soon Racial Diversity Your area has 147,398 millennials (ages 20-34). The na onal average for an area this size is 176,678. Re rement risk is high in your area. The na onal average for an area this size is 129,743 people 65 or older, while there are 148,971 here. Racial diversity is low in your area. The na onal average for an area this size is 329,753 racially diverse people, while there are 144,470 here. 54, /1, /1,000 Veterans Violent Crime Property Crime Your area has 54,485 veterans. The na onal average for an area this size is 50,137. Your area has 4.23 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

11 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. For example, the #1 ranked ZIP for employment ranks #7 for resident workers. The top ZIP for resident workers is High Inbound Commuters High Outbound Commuters Where Talent Works Where Talent Lives ZIP Name 2016 Employment ZIP Name 2016 Workers Flint, MI (in Genesee co 25, Port Huron, MI (in St. 18, Grand Blanc, MI (in Gen 16, Flint, MI (in Genesee co 14, Fenton, MI (in Genesee 13, Grand Blanc, MI (in Gen 20, Fenton, MI (in Genesee 18, Port Huron, MI (in St. 18, Davison, MI (in Genesee 14, Lapeer, MI (in Lapeer c 13,809 Emsi Q Data Set 9

12 Industry Characteris cs Largest Industries Industry Jobs Na onal Average Restaurants and Other Ea ng Places Educa on and Hospitals (Local Government) General Medical and Surgical Hospitals Local Government, Excluding Educa on and Hospitals Other General Merchandise Stores 0 5,000 10,000 15,000 20,000 Industry 2011 Jobs 2016 Jobs Change in Jobs ( ) % Change 2016 Earnings Per Worker Restaurants and Other Ea ng Places 18,155 20,651 2, % $16,307 Educa on and Hospitals (Local Government) 23,482 19,638-3,844-16% $64,590 General Medical and Surgical Hospitals 11,776 12, % $68,211 Local Government, Excluding Educa on and Hospitals 11,567 11, % $54,493 Other General Merchandise Stores 4,816 7,280 2, % $28,273 Emsi Q Data Set 10

13 Industry Characteris cs - Cont Top Growing Industries Industry Jobs Change Restaurants and Other Ea ng Places Other General Merchandise Stores Educa onal Support Services Motor Vehicle Parts Manufacturing Health and Personal Care Stores ,000 1,500 2,000 Industry 2011 Jobs 2016 Jobs Change in Jobs ( ) % Change 2016 Earnings Per Worker Restaurants and Other Ea ng Places 18,155 20,651 2, % $16,307 Other General Merchandise Stores 4,816 7,280 2, % $28,273 Educa onal Support Services 106 1,517 1,411 +1,331% $19,559 Motor Vehicle Parts Manufacturing 5,806 7,140 1, % $77,669 Health and Personal Care Stores 2,820 3, % $50,819 Emsi Q Data Set 11

14 Workforce Characteris cs Largest Occupa ons Occupa on Jobs Na onal Average Retail Salespersons Combined Food Prepara on and Serving Workers, Including Fast Food Cashiers Office Clerks, General Registered Nurses 0 2,000 4,000 6,000 8,000 Occupa on 2011 Jobs 2016 Jobs Change in Jobs ( ) % Change 2016 Avg. Hourly Earnings Retail Salespersons 9,659 9, % $11.82 Combined Food Prepara on and Serving Workers, Including Fast Food 7,486 8,987 1, % $9.66 Cashiers 7,723 7, % $10.34 Office Clerks, General 6,308 6, % $15.70 Registered Nurses 6,281 6, % $33.43 Emsi Q Data Set 12

15 Workforce Characteris cs - Cont Top Growing Occupa ons Occupa on Jobs Change Combined Food Prepara on and Serving Workers, Including Fast Food Construc on Laborers Team Assemblers Farmworkers and Laborers, Crop, Nursery, and Greenhouse Heavy and Tractor-Trailer Truck Drivers ,000 1,200 1,400 Occupa on 2011 Jobs 2016 Jobs Change in Jobs ( ) % Change 2016 Avg. Hourly Earnings Combined Food Prepara on and Serving Workers, Including Fast Food 7,486 8,987 1, % $9.66 Construc on Laborers 2,265 2, % $15.54 Team Assemblers 5,595 6, % $18.26 Farmworkers and Laborers, Crop, Nursery, and Greenhouse 1,219 1, % $12.05 Heavy and Tractor-Trailer Truck Drivers 3,140 3, % $18.15 Emsi Q Data Set 13

16 Workforce Characteris cs Top Posted Occupa ons Occupa on Jobs Change Heavy and Tractor-Trailer Truck Drivers First-Line Supervisors of Retail Sales Workers Retail Salespersons Registered Nurses First-Line Supervisors of Food Prepara on and Serving Workers 0 1,000 2,000 3,000 4,000 5,000 Occupa on Nov 2016 Unique Pos ngs Oct 2017 Unique Pos ngs Nov Oct 2017 Avg. Unique 2016 Avg. Hourly Earnings Heavy and Tractor-Trailer Truck Drivers 4,051 5,358 4,532 $18.15 First-Line Supervisors of Retail Sales Workers $18.86 Retail Salespersons $11.82 Registered Nurses $33.43 First-Line Supervisors of Food Prepara on and Serving Workers $14.68 Emsi Q Data Set 14

17 Educa onal Pipeline In 2016, there were 10,728 graduates in I-69 Thumb Region. This pipeline has grown by 19% over the last 5 years. The highest share of these graduates come from General Studies, Liberal Arts and Sciences/Liberal Studies, and Registered Nursing/Registered Nurse. School Total Graduates (2016) Graduate Trend ( ) Baker College 4,918 Mo Community College 2,154 University of Michigan-Flint 1,887 St Clair County Community College 701 Ke ering University 497 Ross Medical Educa on Center-Flint 237 Ross Medical Educa on Center-Davison 146 Ross Medical Educa on Center-Port Huron 60 Paul Mitchell the School-Great Lakes 53 Flint Ins tute of Barbering Inc 27 Cer ficate Associate Bachelor Masters or Higher Emsi Q Data Set 15