Industry Snapshot. Finance and Insurance

Transcription

1 Industry Snapshot Finance and Insurance Emsi Q Data Set April 2018 Workforce Solutions for North Central Texas is an equal opportunity employer/program. Auxiliary aids and services are available upon request to individuals with disabilities. For the hearing impaired, call TDD or VOICE For more information, visit Emsi Q Data Set Page 1/9

2 Parameters Industries 11 items selected. See Appendix A for details. Regions Code Descrip on Dallas-Fort Worth-Arlington, TX Timeframe - Datarun Employees Emsi Q Data Set Page 2/9

3 Finance and Insurance WSNCT Targeted Industry Sector in Dallas-Fort Worth- Arlington, TX Industry Summary for Finance and Insurance WSNCT Targeted Industry Sector 83, % $101,051 Jobs (2017) % Change ( ) Avg. Earnings Per Job (2017) 15% above Na onal average Na on: -6.9% Na on: $97,944 Industry Detail Payrolled Business Loca ons (2017) 2,714 Jobs Mul plier 5 Unemployed Only Available for 2-Digit Emsi Q Data Set Page 3/9

4 Regional Trends Region 2007 Jobs 2017 Jobs Change % Change A Region 73,559 83,628 10, % B WSNCT Dallas and Tarrant 74,139 84,180 10, % C State 233, ,298 19, % D Na on 3,301,621 3,073, , % Occupa ons Employed by these Industries Descrip on Employed in Industry Group (2017) % of Total Jobs in Industry Group (2017) Tellers 9, % Customer Service Representa ves 7, % Insurance Claims and Policy Processing Clerks 6, % Securi es, Commodi es, and Financial Services Sales Agents 4, % First-Line Supervisors of Office and Administra ve Support Workers 4, % Emsi Q Data Set Page 4/9

5 Industry Gender Breakdown Gender 2017 Jobs 2017 Percent A Males 32, % A Females 50, % Industry Age Breakdown Age 2017 Jobs 2017 Percent A % A , % A , % A , % A , % A , % A 65+ 2, % Emsi Q Data Set Page 5/9

6 Industry Race/Ethnicity Breakdown Race/Ethnicity 2017 Jobs 2017 Percent A White 44, % A Black or African American 16, % A Hispanic or La no 15, % A Asian 5, % A Two or More Races 1, % A American Indian or Alaska Na ve % A Na ve Hawaiian or Other Pacific Islander % Industry Requirements Purchases from In-region Purchases Imported Purchases Total Purchases Insurance Agencies and Brokerages $2,954,175,109 $81,884,511 $3,036,059,620 Commercial Banking $920,439,905 $414,208 $920,854,113 Third Party Administra on of Insurance and Pension Funds $587,070,440 $697,891 $587,768,330 Investment Advice $539,848,179 $744,081 $540,592,260 Direct Property and Casualty Insurance Carriers $442,863,645 $580,751 $443,444,396 Emsi Q Data Set Page 6/9

7 Top Regional Businesses Business Name Industry Name Business Size Federal Reserve Bank Of Dallas Comerica Inc Colonial Savings United American Insurance Co Texas Capital Bank Commercial Banking (522110) Commercial Banking (522110) Commercial Banking (522110) Direct Life Insurance Carriers (524113) Commercial Banking (522110) 1,265 1, 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. Emsi Q Data Set Page 7/9

8 Appendix A - Industries Code Descrip on Commercial Banking Savings Ins tu ons Credit Unions Credit Card Issuing Mortgage and Nonmortgage Loan Brokers Direct Life Insurance Carriers Direct Health and Medical Insurance Carriers Direct Property and Casualty Insurance Carriers Direct Title Insurance Carriers Other Direct Insurance (except Life, Health, and Medical) Carriers Reinsurance Carriers Emsi Q Data Set Page 8/9

9 Appendix B - Data Sources and Calcula ons Industry Data Emsi industry data have various sources depending on the class of worker. (1) For QCEW Employees, Emsi primarily uses the QCEW (Quarterly Census of Employment and Wages), with supplemental es mates from County Business Pa erns. (2) Non- QCEW employees data are based on a number of sources including QCEW, Current Employment Sta s cs, County Business Pa erns, BEA State and Local Personal Income reports, the Na onal Industry-Occupa on Employment Matrix (NIOEM), the American Community Survey, and Railroad Re rement Board sta s cs. (3) Self-Employed and Extended Proprietor classes of worker data are primarily based on the American Community Survey, Nonemployer Sta s cs, and BEA State and Local Personal Income Reports. Projec ons for QCEW and Non-QCEW Employees are informed by NIOEM and long-term industry projec ons published by individual states. Input-Output Data The input-output model in this report is Emsi's gravita onal flows mul -regional social account matrix model (MR-SAM). It is based on data from the Census Bureau's Current Popula on Survey and American Community Survey; as well as the Bureau of Economic Analysis' Na onal Income and Product Accounts, Input-Output Make and Use Tables, and Gross State Product data. In addi on, several Emsi in-house data sets are used, as well as data from Oak Ridge Na onal Labs on the cost of transporta on between coun es. Staffing Pa erns Data The staffing pa ern data in this report are compiled from several sources using a specialized process. For QCEW and Non- QCEW Employees classes of worker, sources include Occupa onal Employment Sta s cs, the Na onal Industry-Occupa on Employment Matrix, and the American Community Survey. For the Self-Employed and Extended Proprietors classes of worker, the primary source is the American Community Survey, with a small amount of informa on from Occupa onal Employment Sta s cs. DatabaseUSA.com Business-Level Data Data for individual businesses is provided by DatabaseUSA.com, which maintains a database of more than 14 million U.S. business en es. Note that in aggregate it will not be consistent with Emsi labor market data due to differences in defini ons, methodology, coverage, and industry/geographic classifica on. State Data Sources This report uses state data from the following agencies: Texas Workforce Commission Emsi Q Data Set Page 9/9

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