Marathon County, WI Emsi Q3 2017 Data Set www.economicmodeling.com
Contents. Economy........ Overview......................................................................................... 1... Historic.......&.. Projected......... Trends............................................................................... 4... Popula on......... Characteris cs........................................................................................ 8... Industry....... Characteris cs......................................................................................... 10... Workforce........... Characteris cs...................................................................................... 12... Educa onal........... Pipeline...................................................................................... 14... Emsi Q3 2017 Data Set www.economicmodeling.com
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 2016. 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 Q3 2017 Data Set www.economicmodeling.com 1
Economy Overview - Cont. Popula on (2016) Labor Force (2016) Jobs (2016) Cost of Living GRP Imports Exports Region 135,604 74,669 76,624 101.8 $7.11B $10.52B $10.51B NCWRPC 438,719 227,133 226,116 100.5 $19.88B $31.47B $29.56B State 5,778,689 3,098,333 3,108,639 103.9 $295.24B $332.97B $352.11B Na on 323,127,453 158,449,542 158,516,931 113.8 $17.94T $0 $8.30T Emsi Q3 2017 Data Set www.economicmodeling.com 2
Economy Overview - Cont. 2016 Labor Force Breakdown Popula on A Total Working Age Popula on 109,971 A Not in Labor Force (15+) 35,302 135,604 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 Q3 2017 Data Set www.economicmodeling.com 3
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 2011 134,513 2012 134,624 2013 135,245 2014 135,591 2015 135,783 2016 135,604 2017 136,006 2018 136,235 2019 136,450 2020 136,653 2021 136,844 Emsi Q3 2017 Data Set www.economicmodeling.com 4
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 2011 71,424 2012 71,425 2013 72,336 2014 75,210 2015 76,485 2016 76,624 2017 77,343 2018 77,897 2019 78,336 2020 78,703 2021 78,820 Emsi Q3 2017 Data Set www.economicmodeling.com 5
Historic & Projected Trends - Cont. Labor Force Par cipa on Rate Trends Timeframe Labor Force Par cipa on Rate 2011 67.42% 2012 66.25% 2013 66.29% 2014 66.91% 2015 66.89% January - September 2016 67.05% October 2016 67.64% November 2016 67.79% December 2016 67.90% Emsi Q3 2017 Data Set www.economicmodeling.com 6
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 2011 7.88% 2012 7.32% 2013 6.71% 2014 5.05% 2015 4.04% January - September 2016 3.83% October 2016 3.22% November 2016 3.18% December 2016 3.22% Emsi Q3 2017 Data Set www.economicmodeling.com 7
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. 9,358 1.08/1,000 11.39/1,000 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 11.39 property crimes per 1,000 people. The na onal rate is 24.22 per 1,000 people. Emsi Q3 2017 Data Set www.economicmodeling.com 8
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 54401 Wausau, WI (in Marath 31,294 54476 Schofield, WI (in Marat 12,915 54403 Wausau, WI (in Marath 10,347 54455 Mosinee, WI (in Marat 5,922 54474 Rothschild, WI (in Mar 3,769 54401 Wausau, WI (in Marath 17,450 54403 Wausau, WI (in Marath 12,485 54455 Mosinee, WI (in Marat 10,541 54476 Schofield, WI (in Marat 10,525 54411 Athens, WI (in Marath 2,912 Emsi Q3 2017 Data Set www.economicmodeling.com 9
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 (2011-2016) % Change 2016 Earnings Per Worker Educa on and Hospitals (Local Government) 4,451 4,531 80 +2% $59,549 Restaurants and Other Ea ng Places 3,408 3,504 96 +3% $16,738 Management of Companies and Enterprises 719 2,692 1,973 +274% $62,998 Insurance Carriers 2,886 2,410-476 -16% $80,865 General Medical and Surgical Hospitals 2,940 2,326-614 -21% $60,335 Emsi Q3 2017 Data Set www.economicmodeling.com 10
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 0 500 1,000 1,500 Industry 2011 Jobs 2016 Jobs Change in Jobs (2011-2016) % Change 2016 Earnings Per Worker Management of Companies and Enterprises 719 2,692 1,973 +274% $62,998 Outpa ent Care Centers 287 1,062 775 +270% $74,908 Other General Merchandise Stores 397 931 534 +135% $29,657 Architectural and Structural Metals Manufacturing 1,265 1,762 497 +39% $65,007 Employment Services 345 824 479 +139% $33,053 Emsi Q3 2017 Data Set www.economicmodeling.com 11
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 0 500 1,000 1,500 2,000 Occupa on 2011 Jobs 2016 Jobs Change in Jobs (2011-2016) % Change 2016 Avg. Hourly Earnings Office Clerks, General 2,064 2,345 281 +14% $14.82 Laborers and Freight, Stock, and Material Movers, Hand 1,730 1,901 171 +10% $15.69 Cashiers 1,700 1,852 152 +9% $9.78 Retail Salespersons 1,893 1,847-46 -2% $12.20 Heavy and Tractor-Trailer Truck Drivers 1,620 1,626 6 +0% $19.61 Emsi Q3 2017 Data Set www.economicmodeling.com 12
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 0 50 100 150 200 250 300 Occupa on 2011 Jobs 2016 Jobs Change in Jobs (2011-2016) % Change 2016 Avg. Hourly Earnings Personal Care Aides 1,015 1,344 329 +32% $10.73 Office Clerks, General 2,064 2,345 281 +14% $14.82 Janitors and Cleaners, Except Maids and Housekeeping Cleaners Laborers and Freight, Stock, and Material Movers, Hand 1,127 1,312 185 +16% $12.32 1,730 1,901 171 +10% $15.69 Cashiers 1,700 1,852 152 +9% $9.78 Emsi Q3 2017 Data Set www.economicmodeling.com 13
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 (2012-2016) Northcentral Technical College 2,004 State College of Beauty Culture Inc 56 Globe University 32 Cer ficate Associate Bachelor Masters or Higher Emsi Q3 2017 Data Set www.economicmodeling.com 14