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

Transcription

1 Monroe 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 45,796 22,795 $50.7K Popula on (2017) Jobs (2017) Median Household Income (2015) Popula on grew by 682 over the last 5 years and is projected to grow by 674 over the next 5 years. Jobs grew by 1,096 over the last 5 years and are projected to grow by 837 over the next 5 years. Median household income is $3.2K below the na onal median household income of $53.9K. As of 2017 the region's popula on increased by 1.5% since 2012, growing by 682. Popula on is expected to increase by 1.5% between 2017 and 2022, adding 674. From 2012 to 2017, jobs increased by 5.1% in Monroe County, WI from 21,699 to 22,795. This change fell short of the na onal growth rate of 7.2% by 2.1%. As the number of jobs increased, the labor force par cipa on rate increased from 64.6% to 66.2% between 2012 and Concerning educa onal a ainment, 12.2% of Monroe County, WI residents possess a Bachelor's Degree (6.2% below the na onal average), and 10.2% hold an Associate's Degree (2.3% above the na onal average). The top three industries in 2017 are Federal Government, Civilian, Educa on and Hospitals (Local Government), and Local Government, Excluding Educa on and Hospitals. Emsi Q Data Set 1

4 Economy Overview - Cont. Popula on (2017) Labor Force (2017) Jobs (2017) Cost of Living GRP Imports Exports Region 45,796 23,926 22, $1.97B $4.01B $5.14B MISSISSIPPI RIVER REGION 323, , , $13.89B $20.79B $20.34B State 5,795,388 3,204,002 3,114, $293.75B $277.82B $296.97B Emsi Q Data Set 2

5 Economy Overview - Cont Labor Force Breakdown Popula on A Total Working Age Popula on 36,129 A Not in Labor Force (15+) 12,203 45,796 Popula on A Labor Force 23,926 A Employed 23,189 A Unemployed 737 A Under 15 9,667 Educa onal A ainment Concerning educa onal a ainment, 12.2% of Monroe County, WI residents possess a Bachelor's Degree (6.2% below the na onal average), and 10.2% hold an Associate's Degree (2.3% above the na onal average). % of Popula on Popula on A Less Than 9th Grade 5.1% 1,575 A 9th Grade to 12th Grade 5.4% 1,680 A High School Diploma 40.8% 12,632 A Some College 21.9% 6,778 A Associate's Degree 10.2% 3,167 A Bachelor's Degree 12.2% 3,777 A Graduate Degree and Higher 4.4% 1,369 Emsi Q Data Set 3

6 Historic & Projected Trends Popula on Trends Economy Overview As of 2017 the region's popula on increased by 1.5% since 2012, growing by 682. Popula on is expected to increase by 1.5% between 2017 and 2022, adding 674. Timeframe Popula on , , , , , , , , , , ,470 Emsi Q Data Set 4

7 Historic & Projected Trends - Cont. Job Trends Economy Overview From 2012 to 2017, jobs increased by 5.1% in Monroe County, WI from 21,699 to 22,795. This change fell short of the na onal growth rate of 7.2% by 2.1%. Timeframe Jobs , , , , , , , , , , ,632 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 - April % May % June % July % Emsi Q Data Set 6

9 Historic & Projected Trends - Cont. Unemployment Rate Trends Monroe County, WI had a July 2017 unemployment rate of 3.08%, decreasing from 7.28% 5 years before. Timeframe Unemployment Rate % % % % % January - April % May % June % July % Emsi Q Data Set 7

10 Popula on Characteris cs 7,642 7,601 4,023 Millennials Re ring Soon Racial Diversity Monroe County, WI has 7,642 millennials (ages 20-34). The na onal average for an area this size is 9,468. Re rement risk is about average in Monroe County, WI. The na onal average for an area this size is 6,953 people 65 or older, while there are 7,601 here. Racial diversity is low in Monroe County, WI. The na onal average for an area this size is 17,671 racially diverse people, while there are 4,023 here. 5, /1, /1,000 Veterans Violent Crime Property Crime Monroe County, WI has 5,253 veterans. The na onal average for an area this size is 2,671. Monroe County, WI has 1.19 violent crimes per 1,000 people. The na onal rate is 3.75 per 1,000 people. Monroe 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 Monroe County, WI currently works compared to where talent lives can help you op mize site decisions. For example, the #1 ranked ZIP for employment ranks #2 for resident workers. The top ZIP for resident workers is High Inbound Commuters High Outbound Commuters Where Talent Works Where Talent Lives ZIP Name 2017 Employment ZIP Name 2017 Workers Tomah, WI (in Monroe 11, Sparta, WI (in Monroe 8, Warrens, WI (in Monro 1, Cashton, WI (in Monro Wilton, WI (in Monroe Sparta, WI (in Monroe 9, Tomah, WI (in Monroe 8, Cashton, WI (in Monro 2, Warrens, WI (in Monro 1, Kendall, WI (in Monroe 797 Emsi Q Data Set 9

12 Industry Characteris cs Largest Industries Industry Jobs Na onal Average Federal Government, Civilian Educa on and Hospitals (Local Government) Local Government, Excluding Educa on and Hospitals Warehousing and Storage Restaurants and Other Ea ng Places ,000 1,500 2,000 Industry 2012 Jobs 2017 Jobs Change in Jobs ( ) % Change 2017 Earnings Per Worker Federal Government, Civilian 2,589 2, % $83,523 Educa on and Hospitals (Local Government) 1,126 1, % $53,913 Local Government, Excluding Educa on and Hospitals 1,167 1, % $47,226 Warehousing and Storage 980 1, % $48,508 Restaurants and Other Ea ng Places 1, % $14,666 Emsi Q Data Set 10

13 Industry Characteris cs - Cont Top Growing Industries Industry Jobs Change Nonmetallic Mineral Mining and Quarrying Individual and Family Services Motor Vehicle Parts Manufacturing Glass and Glass Product Manufacturing Traveler Accommoda on Industry 2012 Jobs 2017 Jobs Change in Jobs ( ) % Change 2017 Earnings Per Worker Nonmetallic Mineral Mining and Quarrying % $88,265 Individual and Family Services ,782% $15,215 Motor Vehicle Parts Manufacturing % $22,851 Glass and Glass Product Manufacturing % $55,994 Traveler Accommoda on % $17,086 Emsi Q Data Set 11

14 Workforce Characteris cs Largest Occupa ons Occupa on Jobs Na onal Average Heavy and Tractor-Trailer Truck Drivers Laborers and Freight, Stock, and Material Movers, Hand Office Clerks, General Combined Food Prepara on and Serving Workers, Including Fast Food Cashiers Occupa on 2012 Jobs 2017 Jobs Change in Jobs ( ) % Change 2016 Avg. Hourly Earnings Heavy and Tractor-Trailer Truck Drivers % $21.11 Laborers and Freight, Stock, and Material Movers, Hand % $13.78 Office Clerks, General % $14.64 Combined Food Prepara on and Serving Workers, Including Fast Food % $9.33 Cashiers % $9.85 Emsi Q Data Set 12

15 Workforce Characteris cs - Cont Top Growing Occupa ons Occupa on Jobs Change Personal Care Aides Opera ng Engineers and Other Construc on Equipment Operators Team Assemblers Combined Food Prepara on and Serving Workers, Including Fast Food Heavy and Tractor-Trailer Truck Drivers Occupa on 2012 Jobs 2017 Jobs Change in Jobs ( ) % Change 2016 Avg. Hourly Earnings Personal Care Aides % $9.39 Opera ng Engineers and Other Construc on Equipment Operators % $26.81 Team Assemblers % $14.05 Combined Food Prepara on and Serving Workers, Including Fast Food % $9.33 Heavy and Tractor-Trailer Truck Drivers % $21.11 Emsi Q Data Set 13

16 Workforce Characteris cs Top Posted Occupa ons Occupa on Jobs Change Heavy and Tractor-Trailer Truck Drivers Physicians and Surgeons, All Other Registered Nurses Laborers and Freight, Stock, and Material Movers, Hand Family and General Prac oners ,000 Occupa on Jan 2017 Unique Pos ngs Dec 2017 Unique Pos ngs Jan Dec 2017 Avg. Unique 2016 Avg. Hourly Earnings Heavy and Tractor-Trailer Truck Drivers 370 1, $21.11 Physicians and Surgeons, All Other $ Registered Nurses $30.04 Laborers and Freight, Stock, and Material Movers, Hand $13.78 Family and General Prac oners $ Emsi Q Data Set 14

17 Educa onal Pipeline Over the last 5 years, no schools in Monroe County, WI produced graduates. Emsi Q Data Set 15