Economy Overview. Greater Lima Region. Emsi Q Data Set

Transcription

1 Greater Lima Region 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 379, ,053 $49.6K Popula on (2016) (2016) Avg. Earnings Per Job (2016) Popula on decreased by 2,761 over the last 5 years and is projected to decrease by 2,144 over the next 5 years. grew by 11,630 over the last 5 years and are projected to grow by 7,794 over the next 5 years. Regional average earnings per job are $12.5K below the na onal average earnings of $62.1K per job. As of 2016 the region's popula on declined by 0.7% since 2011, falling by 2,761. Popula on is expected to decrease by 0.6% between 2016 and 2021, losing 2,144. From 2011 to 2016, jobs increased by 6.6% in Greater Lima Region from 176,423 to 188,053. This change fell short of the na onal growth rate of 8.8% by 2.2%. As the number of jobs increased, the labor force par cipa on rate decreased from 63.7% to 62.4% between 2011 and Concerning educa onal a ainment, 11.1% of the selected regions' residents possess a Bachelor's Degree (7.3% below the na onal average), and 9.8% hold an Associate's Degree (1.9% 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 Motor Vehicle Parts Manufacturing. 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 305,232 A Not in Labor Force (15+) 114, ,171 Popula on A Labor Force 190,554 A Employed 182,793 A Unemployed 7,761 A Under 15 73,939 Educa onal A ainment Concerning educa onal a ainment, 11.1% of the selected regions' residents possess a Bachelor's Degree (7.3% below the na onal average), and 9.8% hold an Associate's Degree (1.9% above the na onal average). % of Popula on Popula on A Less Than 9th Grade 2.2% 5,509 A 9th Grade to 12th Grade 7.4% 18,754 A High School Diploma 43.5% 110,166 A Some College 19.3% 49,010 A Associate's Degree 9.8% 24,776 A Bachelor's Degree 11.1% 28,087 A Graduate Degree and Higher 6.8% 17,228 Emsi Q Data Set 3

6 Historic & Projected Trends Popula on Trends Economy Overview As of 2016 the region's popula on declined by 0.7% since 2011, falling by 2,761. Popula on is expected to decrease by 0.6% between 2016 and 2021, losing 2,144. Timeframe Popula on , , , , , , , , , , ,027 Emsi Q Data Set 4

7 Historic & Projected Trends - Cont. Job Trends Economy Overview From 2011 to 2016, jobs increased by 6.6% in Greater Lima Region from 176,423 to 188,053. This change fell short of the na onal growth rate of 8.8% by 2.2%. Timeframe , , , , , , , , , , ,848 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 - September % October % November % December % Emsi Q Data Set 6

9 Historic & Projected Trends - Cont. Unemployment Rate Trends Your areas had a December 2016 unemployment rate of 4.07%, decreasing from 8.46% 5 years before. Timeframe Unemployment Rate % % % % % January - September % October % November % December % Emsi Q Data Set 7

10 Popula on Characteris cs 70,591 63,040 37,467 Millennials Re ring Soon Racial Diversity Your area has 70,591 millennials (ages 20-34). The na onal average for an area this size is 78,980. Re rement risk is high in your area. The na onal average for an area this size is 56,512 people 65 or older, while there are 63,040 here. Racial diversity is low in your area. The na onal average for an area this size is 145,538 racially diverse people, while there are 37,467 here. 26, /1, /1,000 Veterans Violent Crime Property Crime Your area has 26,501 veterans. The na onal average for an area this size is 22,293. Your area has 1.78 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. High Inbound Commuters High Outbound Commuters Where Talent Works Where Talent Lives ZIP Name 2016 Employment ZIP Name 2016 Workers Findlay, OH (in Hancoc 42, Lima, OH (in Allen cou 14, Lima, OH (in Allen cou 12, Lima, OH (in Allen cou 10, Van Wert, OH (in Van 9, Findlay, OH (in Hancoc 29, Celina, OH (in Mercer 10, Lima, OH (in Allen cou 9, Lima, OH (in Allen cou 9, Wapakoneta, OH (in A 9,812 Emsi Q Data Set 9

12 Industry Characteris cs Largest Industries Industry Na onal Average Restaurants and Other Ea ng Places Educa on and Hospitals (Local Government) Motor Vehicle Parts Manufacturing General Medical and Surgical Hospitals Local Government, Excluding Educa on and Hospitals 0 2,000 4,000 6,000 8,000 10,000 12,000 Industry Change in ( ) % Change 2016 Earnings Per Worker Restaurants and Other Ea ng Places 11,506 12, % $15,273 Educa on and Hospitals (Local Government) 11,515 11, % $57,466 Motor Vehicle Parts Manufacturing 5,655 9,711 4, % $70,365 General Medical and Surgical Hospitals 6,560 6, % $56,267 Local Government, Excluding Educa on and Hospitals 6,801 6, % $50,565 Emsi Q Data Set 10

13 Industry Characteris cs - Cont Top Growing Industries Industry Change Motor Vehicle Parts Manufacturing Management of Companies and Enterprises Other General Purpose Machinery Manufacturing Warehousing and Storage Restaurants and Other Ea ng Places 0 1,000 2,000 3,000 4,000 Industry Change in ( ) % Change 2016 Earnings Per Worker Motor Vehicle Parts Manufacturing 5,655 9,711 4, % $70,365 Management of Companies and Enterprises 927 2,564 1, % $149,677 Other General Purpose Machinery Manufacturing 2,970 4,264 1, % $77,238 Warehousing and Storage 1,350 2,522 1, % $42,175 Restaurants and Other Ea ng Places 11,506 12, % $15,273 Emsi Q Data Set 11

14 Workforce Characteris cs Largest Occupa ons Occupa on Na onal Average Combined Food Prepara on and Serving Workers, Including Fast Food Retail Salespersons Laborers and Freight, Stock, and Material Movers, Hand Cashiers Registered Nurses 0 1,000 2,000 3,000 4,000 5,000 Occupa on Change in ( ) % Change 2016 Avg. Hourly Earnings Combined Food Prepara on and Serving Workers, Including Fast Food 5,056 5, % $9.68 Retail Salespersons 4,851 4, % $13.06 Laborers and Freight, Stock, and Material Movers, Hand 3,369 4, % $14.33 Cashiers 4,111 3, % $10.02 Registered Nurses 3,491 3, % $29.88 Emsi Q Data Set 12

15 Workforce Characteris cs - Cont Top Growing Occupa ons Occupa on Change Combined Food Prepara on and Serving Workers, Including Fast Food Laborers and Freight, Stock, and Material Movers, Hand Mul ple Machine Tool Se ers, Operators, and Tenders, Metal and Plas c Assemblers and Fabricators, All Other Machinists Occupa on Change in ( ) % Change 2016 Avg. Hourly Earnings Combined Food Prepara on and Serving Workers, Including Fast Food 5,056 5, % $9.68 Laborers and Freight, Stock, and Material Movers, Hand 3,369 4, % $14.33 Mul ple Machine Tool Se ers, Operators, and Tenders, Metal and Plas c 1,056 1, % $15.32 Assemblers and Fabricators, All Other 1,659 2, % $15.73 Machinists 1,402 1, % $20.31 Emsi Q Data Set 13

16 Educa onal Pipeline In 2016, there were 5,972 graduates in Greater Lima Region. This pipeline has grown by 1% over the last 5 years. The highest share of these graduates come from Automobile/Automo ve Mechanics Technology/Technician, Diesel Mechanics Technology/Technician, and Nursing Assistant/Aide and Pa ent Care Assistant/Aide. School Total Graduates (2016) Graduate Trend ( ) University of Northwestern Ohio 1,853 The University of Findlay 1,129 James A Rhodes State College 775 Ohio Northern University 749 Apollo Career Center 531 Blu on University 282 Ohio State University-Lima Campus 212 Brown Mackie College-Findlay 158 Wright State University-Lake Campus 127 Ohio Technical Center at Vantage Career Center 73 Cer ficate Associate Bachelor Masters or Higher Emsi Q Data Set 14