Florida Logistics Industry. Labor Market Industry Profile 2018 EDITION

Transcription

1 2018 EDITION Labor Market Industry Profile Florida Logistics Industry Prepared by the Florida Department of Economic Opportunity, Bureau of Workforce Statistics and Economic Research

2 Florida Logistics and Distribution Exploring Florida s Targeted Industries Florida s geographic location ideally positions the state as a hub of commerce to all parts of the world. Florida s competitive costs, comprehensive infrastructure and a large, diverse talent pool amongst other things have supported the expansion of a dynamic economy including the following key areas: aviation & aerospace, life sciences, manufacturing, information technology, financial & professional services and logistics & distribution. The industry profiles detail the benefits on Florida s employment, wage-earning levels and how each industry is forecast to perform moving forward. In an ever increasingly competitive global market, Florida continues to position itself for future growth in key areas as evidenced in the following industry profiles. Overview Florida has been called The Gateway to the Americas because the geographic location positions the state ideally as a hub of commerce to all parts of the world. The state has one of the world's most extensive multi-modal transportation systems, featuring international airports, deep-water shipping ports and extensive highway and rail networks. Florida s transportation infrastructure includes a 122,000-mile highway system; 15 deep-water seaports; 3,000 miles of freight rail tracks; 20 commercial service airports and two commercially licensed spaceports. The logistics and distribution industry cluster includes the following industry subsectors: wholesale trade; air transportation; water transportation; truck transportation; support activities for transportation; and warehousing and storage. Employment Trends in the Logistics and Distribution Industry The logistics and distribution industry cluster had 52,995 establishments in 2017, with employment of 550,583. Employment was up 10,967 jobs (+2.0 percent) from 2016.

3 Figure #1 Florida Logistics and Distribution Employment (Not Seasonally Adjusted) Source: Florida Department of Economic Opportunity, Bureau of Workforce Statistics and Economic Research, Quarterly Census of Employment and Wages Program (QCEW). Logistics and distribution employment peaked with 529,594 jobs in After 2007, employment began declining steadily and reached a low of 465,726 jobs in Since the 2010 downturn, logistics and distribution employment has shown constant growth gaining 84,857 jobs (+18.2 percent). The largest subsectors in logistics and distribution in 2017 were wholesale trade (343,511 jobs), support activities for transportation (64,224 jobs) and truck transportation (52,978 jobs). These three subsectors make up 83.7 percent of logistics and distribution employment. Wholesale trade alone makes up 62.4 percent of logistics and distribution employment.

4 Figure #2 Florida Logistics and Distribution Employment by Subsector 2017 Annual Averages (Not Seasonally Adjusted) Source: Florida Department of Economic Opportunity, Bureau of Workforce Statistics and Economic Research, Quarterly Census of Employment and Wages Program (QCEW). All six subsectors gained jobs from 2016 to Wholesale trade (+4,373 jobs, +1.3 percent) was the subsector gaining the most jobs over the year, followed by support activities for transportation (+2,587 jobs, +4.2 percent); air transportation (+1,965 jobs, +5.1 percent); warehousing and storage (+968 jobs, +2.8 percent); truck transportation (+611 jobs, +1.2 percent); and water transportation (+463 jobs, 3.6 percent).

5 Figure #3 Average Annual Wages for 2016 and 2017 Total, All Industries versus Logistics and Distribution Source: Florida Department of Economic Opportunity, Bureau of Workforce Statistics and Economic Research, Quarterly Census of Employment and Wages Program (QCEW). The 2017 average annual wage for workers in the logistics and distribution industry was $67,040, exceeding the average annual wage for all industries ($48,460) by 38.3 percent. This gap has widened slightly since 2016, when the logistics and distribution average annual wage exceeded the average annual wage for all industries by 37.6 percent. Logistics and distribution s average annual wage increased by more and grew faster than the average annual wage for all industries from 2016 to The average annual wage increased by $2,276 (+3.5 percent), while for all industries it grew by $1,405 (+3.0 percent). The water transportation subsector had an average annual wage of $91,423 in 2017, the highest in logistics and distribution and 88.7 percent higher than the average wage for all industries. Warehousing and storage had the lowest average annual wage with $45,429 in Four of the six logistics and distribution subsectors had average annual wages that exceeded the wage for all industries ($48,460). Three subsectors had annual wages greater

6 than $70,000 in Compared to the average annual wage for all industries in 2017, half of the logistics and distribution subsectors had relatively high average annual wages. Figure #4 Top Occupations in the Logistics and Distribution Industry Cluster for All Training Levels 2017 % of Median Employment Change Industry Hourly Training Occupation Title Total Percent Total Wage Requirement Total, All Logistics and Distribution Occupations 549, ,575 42, Sales Representatives, Wholesale and Manufacturing, Nontechnical 75,987 82,045 6, Postsecondary Vocational Heavy and Tractor-Trailer Truck Drivers 49,532 54,183 4, Postsecondary Vocational Laborers and Freight, Stock, and Material Movers, Hand 41,052 44,763 3, Less than High School Stock Clerks and Order Fillers 26,586 28,679 2, High School Diploma Light Truck or Delivery Services Drivers 14,567 15,801 1, Postsecondary Vocational Sales Representatives, Wholesale & Mfg, Tech. & Sci. Prod. 13,921 14, Postsecondary Vocational Industrial Truck and Tractor Operators 12,641 13, Postsecondary Vocational Shipping, Receiving, and Traffic Clerks 12,309 12, Postsecondary Vocational First-Line Supervisors of Non-Retail Sales Workers 10,716 11, Associate Degree First-Line Superv. of Office and Admin. Support Workers 10,564 11, Associate Degree Packers and Packagers, Hand 9,455 10, Less than High School Reservation and Ticket Agents and Travel Clerks 9,384 10, High School Diploma Aircraft Mechanics and Service Technicians 9,383 10,447 1, Postsecondary Vocational Bookkeeping, Accounting, and Auditing Clerks 9,261 8, Associate Degree Flight Attendants 9,191 10,558 1, High School Diploma Source: Florida Department of Economic Opportunity, Bureau of Workforce Statistics and Economic Research, Long Term Projections Program, forecast to The 15 largest occupations specific to logistics and distribution make up 57.2 percent of the total employment in the industry cluster. The largest logistics and distribution-specific occupation in 2017 was sales representatives, wholesale and manufacturing, non-technical, which has a median hourly wage of $ Among the fifteen largest industry-specific occupations, median hourly wages range from a high of $37.37 for first-line supervisors of non-retail sales workers to a low of $9.79 for packers and packagers, hand. Six out of the 15 largest occupations have a median wage greater than $20.00 per hour. Fourteen of the 15 largest occupations are projected to increase in employment through Sales representatives, wholesale and manufacturing, non-technical are expected to gain the most jobs of the top 15 logistics and distribution-specific occupations from 2017 to 2025 (+6,058 jobs). Flight attendants are expected to grow the fastest ( percent).

7 Ten of the top 15 industry-specific occupations require training beyond high school, but none require a bachelor s degree. Higher wages are found in occupations with greater training requirements. Figure #5 Top Occupations in the Logistics and Distribution Industry Cluster That Require a Bachelor's Degree or Higher 2017 % of Median Employment Change Industry Hourly Training Occupation Title Total Percent Total Wage Requirement Total, All Logistics and Distribution Occupations 549, ,575 42, Accountants and Auditors 4,507 4, Bachelor's Degree Market Research Analysts and Marketing Specialists 3,336 3, Bachelor's Degree Sales Managers 2,529 2, Bachelor's Degree Human Resources Specialists 1,913 1, Bachelor's Degree Logisticians 1,329 1, Bachelor's Degree Financial Managers 950 1, Bachelor's Degree Training and Development Specialists Bachelor's Degree Software Developers, Systems Software Bachelor's Degree Financial Analysts Bachelor's Degree Computer and Information Systems Managers Bachelor's Degree Sales Engineers Bachelor's Degree Pharmacists Master's or Higher Degree Management Analysts Bachelor's Degree Marketing Managers Bachelor's Degree Electronics Engineers, Except Computer Bachelor's Degree Source: Florida Department of Economic Opportunity, Bureau of Workforce Statistics and Economic Research, Long Term Projections Program, forecast to Approximately 3.7 percent of the occupational employment in logistics and distribution is concentrated in the 15 largest high skill occupations in this industry cluster. Median hourly wages for the top 15 high skill occupations range from a high of $62.89 for computer and information systems managers to a low of $25.29 for human resources specialists. All top 15 high skill logistics and distribution occupations have a median wage greater than $25.00 per hour. Fourteen of the top 15 high skill occupations are projected to gain jobs from 2017 to Market research analysts and marketing specialists are projected to gain the most jobs (+478 jobs) and grow the fastest ( percent) among the top 15 high skill occupations from 2017 to Fourteen of the top 15 high skill occupations require only a bachelor s degree. One of the top 15 high skill occupations requires a master s or higher degree.

8 Employment in the logistics and distribution industry is concentrated in the southeast, central and northeast parts of the state. The largest counties by employment are: Miami-Dade, Broward, Orange, Hillsborough, Duval and Palm Beach. Summary Since the economy s downturn in 2010, the logistics and distribution industry produced over the year job growth for the 7 th straight year (+10,967 jobs, +2.0 percent). The largest subsector in logistics and distribution in 2017 was wholesale trade (343,511 jobs), comprising of 62.4 percent of the industry. The 2017 average annual wage for workers in the logistics and distribution industry was $67,040, exceeding the average annual wage for all industries ($48,460) by 38.3 percent. The water transportation subsector had an average annual wage of $91,423 in 2017, the highest in logistics and distribution and 88.7 percent higher than the average wage for all industries. Warehousing and storage had the lowest average annual wage with $45,429 in Sales representatives, wholesale and manufacturing, non-technical are expected to gain the most jobs among all training levels (+6,058 jobs). Market research analysts and marketing specialists are projected to gain the most jobs requiring a bachelor s degree or higher (+478 jobs).