Local Workforce Development Areas Industry Bulletin

Size: px
Start display at page:

Download "Local Workforce Development Areas Industry Bulletin"

Transcription

1 Local Workforce Development Areas Industry Bulletin 3rd Quarter ECONOMIC INFORMATION & ANALYTICS Virginia Employment Commission A Publication of the Virginia Employment Commission

2 Local Workforce Development Areas (LWDA) Northern Region Bay Consortium (LWDA XIII) Combined Projections Area (LWDA V) Piedmont Workforce Network (LWDA VI) Shenandoah Valley (LWDA IV) Southwestern Region New River/Mt. Rogers (LWDA II) Region 2000/Central Virginia (LWDA VII) Southwestern Virginia (LWDA I) West Piedmont (LWDA XVII) Western Virginia (LWDA III) Southeastern Region Capital Region Workforce Partnership (LWDA IX) Crater Area (LWDA XV) Greater Peninsula (LWDA XIV) Hampton Roads (LWDA XVI) South Central (LWDA VIII) This workforce product was funded by a grant awarded by the U.S. Department of Labor s Employment and Training Administration. The product was created by the recipient and does not necessarily reflect the official position of the U.S. Department of Labor. The Department of Labor makes no guarantees, warranties, or assurances of any kind, express or implied, with respect to such information, including any information on linked sites and including, but not limited to, accuracy of the information or its completeness, timeliness, usefulness, adequacy, continued availability, or ownership. This product is copyrighted by the institution that created it. Internal use by an organization and/or personal use by an individual for non-commercial purposes is permissible. All other uses require the prior authorization of the copyright owner. The Virginia Employment Commission is an equal opportunity employer/program. Auxiliary aids and services are available upon request to individuals with disabilities. 3rd Quarter 2016 ii

3 Economic Indicators for Local Workforce Development Areas - 3rd Quarter 2016 A Brief Explanation of LWDA-Level Economic Data By Paul Daniels - paul.daniels@vec.virginia.gov Unlike state-level and national data, economic information at the Local Workforce Development Area (LWDA) sub-state level generally lags by 4-6 months, or two quarters. This is because only Quarterly Census of Employment and Wages (QCEW) data is broken down to this level. While the Current Employment Statistics estimates are much more current, it is widely believed that QCEW is more encompassing and accurate as it is a census of all employment covered by Unemployment Insurance (UI) programs (approximately 97 percent of all wage and salary civilian employment). While more current information is often preferred, this concern should be eased by the robustness of QCEW data. Fortunately data from the Local Area Unemployment Statistics (LAUS) Program is available on a more current basis at the LWDA level. Unless noted otherwise, unemployment statistics will be reported for the fourth quarter of When using QCEW data, there are two main issues of which to be aware. 1 The first is that this data is largely a snapshot in time and is not a time series. This coupled with the fact that QCEW data is not seasonally adjusted means that it is not appropriate per se to analyze over the quarter changes. Instead, these reports focus on over-the-year changes. Secondly, changes to Unclassified Establishments are largely left out of this analysis and the tables that follow unless the information provides a better understanding of local economies. This is despite the fact that at any given time many of the largest industry changes may occur in the Unclassified Establishments category. The reason for this is twofold. First, unclassified establishments are a very fluid category. Often businesses are listed as unclassified due to some reporting error. Over time, staff is able to note and correct such discrepancies, and the number of unclassified establishments will drastically decrease. Further, this category contains very different types of businesses and is therefore extremely difficult to analyze without knowing exactly which businesses are in the category. Secondly, Unclassified Establishments account for less than 0.5 percent of establishments, employment, and wages at the state level, thus rendering its impact relatively miniscule. To be sure, this category can give us useful information in terms of total establishments added or subtracted, as well as a deeper understanding of employment and wage trends. When appropriate, these issues will be noted. A Note on Levels versus Magnitude Change This report includes a mixture of both level changes and the magnitude of change. 2 Both numbers may be of interest, and more importantly, they can paint a different picture of state and sub-state economies. For instance, an industry in a given LWDA may see a small gain of three establishments in a quarter. If that industry only had three establishments the previous quarter, this would be an increase of 100 percent. In this example, looking at magnitude and ignoring levels would lead one to believe that this industry saw unheard of growth. Conversely, an industry such as food services may see a much more impressive gain of 100 establishments, which may only result in a four percent magnitude increase due to the size of the industry. In these examples, the difference between magnitude and level changes lead to very different conclusions. Is it more important for the state s economy and policy-making to have a small industry double in size, or for a large industry to continue adding or subtracting large numbers? Finally, there may be instances in which only one type of analysis can give us an answer we are seeking. For example, looking at percent changes, we see that when 1 For a more complete discussion of how QCEW data is collected and measured, please refer to the Bureau of Labor Statistic s website ( or contact the author of this report. 2 Tables are offered at the end of this report displaying the greatest magnitude and level changes in each region. 1 3rd Quarter 2016

4 the number of establishments and average employment decreases, they do so at a much lower rate than they increase. This is cause for celebration as it indicates that industry growth may be occurring much quicker than any contractions. In this report, primary importance is placed on level changes due to the ease of interpretation. However, magnitude changes are discussed as well where appropriate. Summary 3 In the third quarter of 2016, Virginia s economy performed well across nearly every measure. Unemployment rates continued to decline to four percent for the quarter, with most recent data (December 2016) showing further improvement to 3.8 percent. While the size of the labor force has increased, the number of employed persons has increased at a quicker pace (0.4 percent versus 0.04 percent for labor force) in both the third and fourth quarters of In addressing the overall state economy and how LWDAs compare, it is first helpful to view impacts at the industry level. Looking at the number of establishments, the top four industries are and Social Assistance; Professional, Scientific and Technical ; Other (except Public Administration); and Trade, with 15.7, 15.5, 10.2, and 10 percent of the total number of establishments in the state, respectively. For average employment, the top industries again are ; Trade; and Professional, Scientific and Technical, with 12.7, 11.2, and 11 percent of total employment, respectively. Furthermore, Professional, Scientific and Technical accounts for 19.7 percent of total wages in the state, with and Social Assistance coming in at a distant second place, with 11.6 percent. Interestingly, when looking at average weekly wages, the only one of the aforementioned industries in the top three is Professional, Scientific and Technical, with an average weekly wage of $1,902 (approximately $98,000 annually). The industry information listed above speaks to the give-and-take of Virginia s economy. For instance, and Social Assistance boasts the highest average employment, number of establishments, and contributes the second highest amount of total wages in the state. Despite this, the average weekly wage for the industry is $969 (approximately $50,000 annually). While the industry as a whole contributes significantly to Virginia s economy, on average, workers in the industry take home the fourteenth highest salary, out of 21 industries. The impact of this can be seen in the tradeoff facing persons trying to determine in which industry to pursue employment. The fastest growing, largest, and most lucrative industry may not be the same. As a result, it is important for prospective employees and those in workforce services to consider multiple factors before choosing a career path. Turning attention to the Local Workforce Development Areas, we similarly find that there are three regions that appear to have the greatest impact on the Commonwealth. First, Northern Virginia accounts for 24 percent of establishments, 24.7 percent of employment, and 31.9 percent of total wages. The Capital region comes in second place with 12.9 percent of state establishments, 14.6 percent of employment, and 13.7 percent of total wages. Finally, Hampton Roads accounts for 11.1 percent of total establishments in the state, 13.4 percent of employment, and 11.2 percent of total wages. Unsurprisingly these regions also have the greatest impact on three of the top four industries mentioned previously. This largely follows assumptions that are often made, though the fact that three regions account for more than half of all state wages is particularly striking. Regional Breakdown LWDA I Southwestern Virginia: With a labor force of just over 70,000, this region has one of the smallest economies in the state. Unfortunately, recent trends show a continuing decline across most measures. Although unemployment rates continue to fall both over the quarter and over the year, the number of employed persons is also declining. This points to a shrinking labor force (down 3.8 percent from last year, as of December 2016) that has been on a slow but steady decline for the past two years. In fact, the Southwestern region saw the largest magnitude decrease in both the size of its labor force and the number of employed 3 Tables offered at the conclusion of this report covering the largest changes (positive and negative) in each region, as well as a breakdown of regional contributions to state totals. 3rd Quarter

5 persons. Despite these negative trends, wages in the region have gone up overall with the largest increase seen in and Enterprises and only the industry reporting a decline in wages. The number of establishments is down 2.4 percent from last year, with average employment and total wages falling by 5 percent and 1.7 percent, respectively. As is suspected, the largest decline in both employment and total wages was in the and Oil and Gas Extraction industry, which saw average employment fall by 26 percent, and total wages decrease by over 18 percent. Finally, despite its decline in establishments and wages, the and Social Assistance industry is the largest in the region, responsible for more than a quarter of all establishments 16.7 percent of average employment, and 17.8 percent of total wages. Although the overall story for the Southwestern region currently points to a negative trend, the uptick in average wages as well as increases in unclassified establishments may point to a leveling off or at least a slower decline in the future. However, more time is needed to verify such conclusions. LWDA II New River/Mt. Rogers: Though its economic impact on the state is larger than LWDA I, the New River/ Mt. Rogers region has also seen a decline. The number of establishments and average employment are down in the region, driven in part by the large declines in Trade and. However, wages have gone up over the year, with and Enterprises as well as Fishing and Hunting seeing total wages increase by more than 50 percent. and Social Assistance had the greatest level increase in total wages, growing by more than $11 million. The only industry that saw average wages decrease was and Oil and Gas Extraction. Trade s drop in the number of establishments was the largest in the region (32 or 2.5 percent), with the largest drop in average employment coming from (1,201 or 4.5 percent). Also of consequence is the local labor market. Despite its decrease from the third quarter of 2016, fourth quarter 2016 unemployment rates are still above where they were last year. With a labor force that has remained relatively stable, the conclusion drawn is that even though people may move into various industries as they rise and fall, currently people are losing work faster than they are finding new positions. LWDA III Western Virginia: Overall, the region has shown improvement over last year. Looking at QCEW data, the only overall decline was the number of establishments, which dropped by less than 0.5 percent. Average employment is up slightly, and both total and average wages grew in the region by more than 4 percent. As is the case in many regions, Trade saw a decline in the number of establishments from last year, with Professional, Scientific and Technical seeing a similar loss. ; Accommodation and Food ; and and Social Assistance saw the largest increases in average employment, with also seeing the largest increase in total wages for the region. At the individual level, the industry saw a 12 percent increase in average weekly wages, growing by $125 or $6,500 annually. Only Public Administration saw average wages fall. As with the state, Western Virginia s labor force remains stable, with current unemployment rates at 4 percent, the same as third quarter and slightly above fourth quarter 2015 levels of 3.9 percent. LWDA IV Shenandoah Valley: In the Shenandoah Valley, unemployment rates have been steady at 3.9 percent for the past two quarters and down over the year. The number of employed persons remains above last year s levels, though down a negligible amount from third quarter The last two quarters of 2016 saw the size of the labor force remain constant, while currently remaining above the same period last year. Overall the third quarter of 2016 saw all industries improve over the year, with only a handful of industries seeing negligible declines in the number of establishments and average employment. The largest growth in establishments was again in and Social Assistance, as is evident when looking at the state as a whole. Total wages rose 6.7 percent from last year, with the greatest increase being more than $27 million in the manufacturing industry. and Enterprises increased average weekly wages by $87 since last year. No industries saw a decrease in either total or average weekly wages from last year. LWDA VI Piedmont Workforce Network: The region is up overall from last year. The number of establishments and average employment both increased slightly, with an over-the-year increase of over 4 percent in total and average weekly wages. Despite this upward trend, the largest changes in the region were negative. 3 3rd Quarter 2016

6 Professional, Scientific and Technical decreased the number of establishments by 33, while saw average employment decrease by more than 600. The region s increase in wages appears to be driven by large gains in and Social Assistance; ; and Professional, Scientific and Technical. These gains helped to offset the large losses in the industry, which saw total and average weekly wages fall by over 34 percent since last year. Labor force statistics point to a strong local economy, with a growing labor force and an unemployment rate of 3.4 percent that remains below the state average. LWDA VII Region 2000/Central VA: Although average employment for the region is currently down 1.2 percent from last year, Central Virginia s local industries are showing signs that their growth is greater than any contractions. and Social Assistance added 55 establishments, while and had the largest increases in wages. The decline in employment was influenced primarily by large decreases in Administrative, Support and Waste Management, and and Enterprises. The unemployment rate is currently very close to last year s rate at 4.4 percent, despite a rather tumultuous year. This may be a sign of a more systemic problem, as the size of the labor force continues to shrink from last year. LWDA VIII South Central: The South Central region saw employment decrease from last year, with average employment down 117 (0.2 percent) across all industries, although the labor force has remained relatively constant. While Professional, Scientific and Technical ; ; and Administrative, Support and Waste Management saw increases in employment, most industries saw either a loss, or negligible change. As is common across most regions, the largest gain in establishments was in and Social Assistance, though the industry also suffered a loss of employment. While the employment situation is of concern, wages in the region tell a different story. Total wages are up 4.8 percent from last year, and weekly wages are up 5 percent. In both categories, the largest changes from last year were the gains in Professional, Scientific and Technical. While this is encouraging, the region accounts for less than 1 percent of wages in the state, leaving room for continued growth. LWDA IX Capital Region Workforce Partnership: The Capital region boasts the second highest contributions to state totals in number of establishments, employment, and wages. This should come as no surprise as the region has seen significant increases in average employment, the number of establishments, and wages. Administrative, Support and Waste Management saw the largest increases in establishments and employment, with the largest and most significant changes in wages coming from and Social Assistance; Fishing and Hunting; and. Overall, total wages for the region are up 6.2 percent, 3rd Quarter

7 with average weekly wages up more than 5 percent. No industries saw a decrease in either total or average weekly wages from last year. Even more encouraging is that the region saw the largest gains in number of employed and size of the labor force of any other LWDA, and an unemployment rate of 3.9 percent, slightly below the state average. This key takeaway from the region is not only its continued growth, but the fact that the local industries appear capable of handling and perhaps even encouraging a growing labor force. These are all promising signs for a strong economy. LWDA XI Northern Virginia: As is often assumed, Northern Virginia holds the largest share of state establishments, employment, and wages, as well as the largest contributions to the Commonwealth s top three industries. Moreover, the region has the largest labor force, and although the number of unemployed persons has increased slightly from last year, the unemployment is currently 3.3 percent, well below the state average. While the overall story is one of growth, the largest change in the number of establishments was a decrease of 191 (1.2 percent) in Professional, Scientific and Technical. While most other industries saw relatively minor gains, there was an increase of 450 unclassified establishments. For reasons mentioned earlier in this report, it is difficult to draw many inferences from this gain. However, it does point to an overall significant increase for the region, which over time will be better understood. Once again the largest gain in employment was in the and Social Assistance industry. Total wages increased the most in Professional, Scientific and Technical, which also has the highest share of the region s wages. Interestingly, average weekly wages grew the most in the industry ($202, $10,000 annually), while other areas saw wages decline in the industry. LWDA XII Alexandria/Arlington: Most notably, the Alexandria/Arlington region saw the largest decrease in unemployment rate from last year and currently has the lowest rate of any other region percent at the end of the fourth quarter of This is particularly impressive as the region saw establishments fall by 1.5 percent from last year, with only three industries reporting gains in this category. Furthermore, wages are up from last year across all industries, largely driven by the increase in Professional, Scientific and Technical. In fact the only industry that saw an overall decline in wages was Finance and Insurance which saw average wages fall by an average of almost $15,000 annually. LWDA XIII Bay Consortium: The Bay Consortium is up overall from last year. The number of establishments increased the most in and Social Assistance, despite the relatively large decline in number in the industry. Turning to average employment, Transportation and Warehousing grew the most, adding an average of 1,065 employees, while the industry with the highest employment Trade decreased by 2 percent. Finally, Public Administration saw the largest increase in total wages, growing by over $21 million, while the average weekly wages grew the most in the industry ($196 per week). The region s unemployment rate in December of 2016 was 4.1percent, down from last year s rate of 4.3 percent. LWDA XIV Greater Peninsula: As the size of its labor force declines slightly from last year, the Greater Peninsula region s fourth quarter 2016 unemployment rate is up slightly. At 4.7 percent, the unemployment rate is higher than the state. This is likely in large part a result of the large decline in. Despite having a relatively small number of establishments, the manufacturing industry is responsible for 12.9 percent of the region s employment and 20 percent of total wages. The industry had the largest decline in average employment, with a loss of 1,870 (6.1 percent), and a decrease of 2.2 percent in total wages. However, wages in the region are up overall, with the largest changes occurring in and Social Assistance, and and Enterprises. Overall, the region s story is a complex one, with employment decreasing, but wages generally increasing. LWDA XV Crater Area: Relatively speaking, the Crater Area has a smaller share of the state s economy, with less than two percent of the state s wages and establishments. It is also home to one of the Commonwealth s smallest labor forces, although it has grown slightly from last year. As of December 2016, the unemployment rate for the region was 5.3 percent, an improvement both over the year and from the previous quarter. Despite the relatively high unemployment rate, the region s industries as a whole are performing well. and Social Assistance continues to grow both the number of establishments and total wages, 5 3rd Quarter 2016

8 while the largest decline relative to its size was the and Oil and Gas Extraction industry which saw employment and total wages both decline by more than 20 percent over the year. The region s largest industries: and Social Assistance; ; and Public Administration continue to grow across most measures, likely pulling the region s performance into the positive. LWDA XVI Hampton Roads: Hampton Roads is the third most influential region in the state, in terms of establishments, employment, and wages. All unemployment statistics are down slightly from the previous year, with the fourth quarter of 2016 reporting unemployment just higher than the state at 4.4 percent. Net growth across all industries in the region was positive from the previous year. While the largest changes in establishments and average employment were negative, the industries responsible are large enough that the impact was muted when viewed at the state level. For example, Administrative, Support and Waste Management saw average employment decrease by 2,106 in the third quarter of 2016, a loss of 6.4 percent over the year. However, the region as a whole grew employment slightly, thanks in large part to the yet undefined growth of establishments and employment in the Unclassified Establishments category. As with other regions, wages in Hampton Roads are up over the year, with the largest increases occurring in Mining, Quarrying, and Oil and Gas Extraction. LWDA XVII West Piedmont: Overall, industries in the West Piedmont LWDA performed well in the third quarter of While Administrative, Support and Waste Management saw average employment decline by 482, Professional, Scientific and Technical as well as grew by similar amounts, leading to a net gain. Total wages increased, as only three industries saw a decrease in this category of any significance, the largest of which was in Arts, Entertainment and. Once again, utilities saw the biggest increase in average weekly wages, growing by $109/week over the year. While the region as a whole is performing well, December 2016 saw unemployment at 5.1 percent, keeping it above the state average. That being said, unemployment is down 0.3 percent from last year. 3rd Quarter

9 Tables and Charts 4, 5 Tables 1 through 4 provide a snapshot of all current QCEW measures at the regional net level, used in the analysis above. These tables also display each region s year-over-year (YoY) change in both level and magnitude. Table 5 presents each region s share of state totals for wages, establishments, and employment across all industries. Tables 6 through 10 display which industry had the greatest year-over-year change broken down by LWDA region. Table 6 and 7 provide the greatest decreases in each region, while Tables 8 and 9 represent the greatest increases. Finally, Table 10 is included to provide a list of the largest industries in each region, as a share of region totals. As with the analysis above, the Unclassified Establishment category is left out of these tables, due to the ambiguity of the data. 6 Table 1 Number of Establishments, 3 rd Quarter 2016 (All Industries) LWDA Region Current Level YoY Change (%) I Southwestern Virginia 4, (2%) II New River/Mt. Rogers 9, (<1%) III Western Virginia 9,699-4 (<1%) IV Shenandoah Valley 14,417 3,387 (1%) VI Piedmont Workforce Network 13, (<1%) VII Region 2000/Central VA 7, (1%) VIII South Central 5, (2%) IX Capital Region Workforce Partnership 33, (2%) XI Northern Virginia 62, (<1%) XII Alexandria/Arlington 15, (-2%) XIII Bay Consortium 12, (<1%) XIV Greater Peninsula 11, (<1%) XV Crater Area 4, (2%) XVI Hampton Roads 28, (<1%) XVII West Piedmont 5, (1%) State 258,780 3,678 (1%) 4 All figures provided by the Virginia Employment Commission, Division of Economics & Analytics, Quarterly Census of Employment and Wages 5 State totals may not match hand calculated totals, as they include information for establishments that may be suppressed at the sub-state level. 6 In every LWDA region, unclassified establishments saw the largest magnitude changes in many QCEW measurements. This is largely due to the size of the category, which should theoretically be minimal. 7 3rd Quarter 2016

10 Table 2 Average Employment Levels, 3 rd Quarter 2016 (All Industries) LWDA Region Current Level YoY Change I Southwestern Virginia 54, (-5%) II New River/Mt. Rogers 140, (<1%) III Western Virginia 158, (<1%) IV Shenandoah Valley 218,116 3,387 (2%) VI Piedmont Workforce Network 165, (<1%) VII Region 2000/Central VA 98,129-1,187 (-1%) VIII South Central 54, (<1%) IX Capital Region Workforce Partnership 555,481 6,211(1%) XI Northern Virginia 937,965 13,509 (2%) XII Alexandria/Arlington 269, (<1%) XIII Bay Consortium 165,689 1,925 (1%) XIV Greater Peninsula 225,387-1,584 (-1%) XV Crater Area 68, (<1%) XVI Hampton Roads 508,467 2,291 (1%) XVII West Piedmont 68, (1%) State 3,792,014 35,415 (1%) Table 3 Total Wages, 3 rd Quarter 2016 (All Industries, in Thousands of U.S. Dollars) LWDA Region Current Level YoY Change I Southwestern Virginia $487,661 -$8,562(-2%) II New River/Mt. Rogers $1,356,827 $63,698 (5%) III Western Virginia $1,705,368 $70,461 (4%) IV Shenandoah Valley $2,225,976 $140,242 (7%) VI Piedmont Workforce Network $2,055,378 $89,468 (5%) VII Region 2000/Central VA $1,001,985 $27,673 (3%) VIII South Central $476,333 $21,763 (5%) IX Capital Region Workforce Partnership $7,203,401 $417,536 (6%) XI Northern Virginia $16,714,937 $1,084,681 (7%) XII Alexandria/Arlington $5,509,334 $240,942 (5%) XIII Bay Consortium $1,837,311 $101,062 (6%) XIV Greater Peninsula $2,594,702 $89,205 (4%) XV Crater Area $740,913 $38,526 (6%) XVI Hampton Roads $2,849,609 $ (4%) XVII West Piedmont $280,167 27,546 (5%) State $52,406,330 $2,966,987 (6%) 3rd Quarter

11 Table 4 Average Weekly Wage, 3 rd Quarter 2016 (All Industries, U.S. Dollars) LWDA Region Current Level YoY Change I Southwestern Virginia $686 $23 (4%) II New River/Mt. Rogers $744 $38 (5%) III Western Virginia $828 $33 (4%) IV Shenandoah Valley $788 $38 (5%) VI Piedmont Workforce Network $955 $38 (4%) VII Region 2000/Central VA $785 $30 (4%) VIII South Central $668 $32 (5%) IX Capital Region Workforce Partnership $998 $48 (5%) XI Northern Virginia $1,371 $70 (5%) XII Alexandria/Arlington $1,575 $69 (5%) XIII Bay Consortium $853 $37 (5%) XIV Greater Peninsula $886 $37 (4%) XV Crater Area $828 $42 (5%) XVI Hampton Roads $885 $30 (4%) XVII West Piedmont $649 $27 (4%) State $1,063 $51 (5%) Table 5 Share of State Totals, 3 rd Quarter 2016 LWDA Region Number of Establishments Average Employment Total Wage I Southwestern Virginia 1.9% 1.4% 0.9% II New River/Mt. Rogers 3.7% 3.7% 2.6% III Western Virginia 3.7% 4.2% 3.3% IV Shenandoah Valley 5.6% 5.7% 4.2% VI Piedmont Workforce Network 5.3% 4.4% 3.9% VII Region 2000/Central VA 2.8% 2.6% 1.9% VIII South Central 2.1% 1.4% 0.9% IX Capital Region Workforce Partnership 12.9% 14.6% 13.7% XI Northern Virginia 24% 24.7% 31.9% XII Alexandria/Arlington 6.1% 7.1% 10.5% XIII Bay Consortium 5% 4.4% 3.5% XIV Greater Peninsula 4.5% 5.9% 5% XV Crater Area 1.6% 1.8% 1.4% XVI Hampton Roads 11.1% 13.4% 11.2% XVII West Piedmont 2.3% 1.8% 1.1% 9 3rd Quarter 2016

12 Table 6 Industries with the Largest Level Decreases from Last Year LWDA Region Number of Establishments Average Employment Total Wages (USD, thousands) Average Weekly Wage (USD) I Southwestern Virginia (-22) (-1,100) (-$12,569) (-$108) II New River/Mt. Rogers (-32) (-1,201) (-$1,426) (-$87) III Western Virginia (-49) (-334) (-$1,348) Public Admin (-$7) IV Shenandoah Valley (-15) (-120) N/A N/A VI Piedmont Workforce Network (-33) (-666) (-$38,038) (-$926) VII Region 2000/Central VA (-29) (-760) ($2,084) (-$24) VIII South Central (-11) (-217) Accommodation, Food (-$220) (-$15) IX Capital Region Workforce Partnership (-101) (-496) N/A N/A XI Northern Virginia (-191) (-1,804) (-$6,712) (-$37) XII Alexandria/Arlington (-167) (-389) ($19,156) (-$283) XIII Bay Consortium (-27) Wholesale Trade (-500) ($5,020) (-$55) XIV Greater Peninsula (-44) (-1,870) ($11,380) (-$25) XV Crater Area (-10) (-342) (-$3,078) (-$72) XVI Hampton Roads (-120) (-2,106) Real Estate (-$4,060) Real Estate (-$10) XVII West Piedmont (-27) (-482) (-$971) (-$90) State (-322) (-1,478) (-$11,494) Arts, Entertainment, (-$9) 3rd Quarter

13 Table 7 Industries with the Largest Magnitude Decreases from Last year LWDA Region Number of Establishments Average Employment Total Wages Average Weekly Wage I Southwestern Virginia (-20%) (-26%) (-20%) (-13%) II New River/Mt. Rogers Wholesale Trade (-5%) (-22%) (-28%) (-8%) III Western Virginia (-8%) (-10%) (-2%) Public Administration (<1%) IV Shenandoah Valley (-6%) (-2%) N/A N/A VI Piedmont Workforce Network (-6%) (-6%) (-34%) (-34%) VII Region 2000/Central VA (-5%) (-14%) (-12%) (-3%) VIII South Central (-9%) (-8%) (-5%) (-4%) IX Capital Region Workforce Partnership (-20%) (-8%) N/A N/A XI Northern Virginia (-7%) (-6%) (-4%) (-6%) XII Alexandria/Arlington Transportation and Warehousing (-8%)* (-8%) (-9%) (-12%) XIII Bay Consortium (-11%) Wholesale Trade (-11%) Wholesale Trade (-6%) (-5%) XIV Greater Peninsula XV Crater Area XVI Hampton Roads XVII West Piedmont State Educational (-6%)* (-4.8%) (-3.5%) * (-12%) (-3%) Real Estate (-12%) (-17%) (-6%) (-9%) (-17%) (-7%) (-20%) Real Estate (-4%) (-14%) (-11%) (-6%) (-8%) Real Estate (-1%) (-13%) Arts, Entertainment, (-2%) *In LWDA XII, the Oil and Gas Extraction industry decreased from two to one establishment, leading to a deceivingly large (50%) decrease. in LWDA XIV, the Oil and Gas Extraction industry decreased from five to three establishments, and in LWDA XVII, the Oil and Gas Extraction industry increased from 3 to 4. Due to the difficulty in properly interpreting such a high magnitude change associated with the loss of just one industry, the Oil and Gas Extraction industry was removed from these areas. 11 3rd Quarter 2016

14 Table 8 Industries with the Largest Level Increases from Last Year LWDA Region Number of Establishments Average Employment Total Wages (Thousands of Dollars) Average Weekly Wage I Southwestern Virginia Other (12) (127) ($3,896) ($224) II New River/Mt. Rogers Other (20) (557) ($11,516) ($931) III Western Virginia (38) (621) ($19,129) ($125) IV Shenandoah Valley (59) Educational (677) ($27,416) ($87) VI Piedmont Workforce Network (19) Accommodation, Food (449) ($50,035) ($251) VII Region 2000/Central VA (55) (405) ($17,239) ($140) VIII South Central (82) (333) ($3,733) ($170) IX Capital Region Workforce Partnership (155) (1,460) ($60,952) ($149) XI Northern Virginia (71) (3,334) ($285,004) ($202) XII Alexandria/Arlington (24) (951) ($57,945) ($271) XIII Bay Consortium (33) Transportation and Warehousing (1,065) Public Admin. ($21,342) ($196) XIV Greater Peninsula (52) Transportation and Warehousing (431) ($17,485) ($179) XV Crater Area (48) Educational (459) ($9,199) ($208) XVI Hampton Roads (74) (1,226) ($685,152) ($174) XVII West Piedmont Other (57) (448) ($7,838) ($109) State (611) Prof., Scientific, Tech. (8,741) Prof., Scientific, Tech. ($685,152) ($145) 3rd Quarter

15 Table 9 Industries with the Largest Magnitude Increases from Last Year LWDA Region Number of Establishments Average Employment Total Wages Average Weekly Wage I Southwestern Virginia Other (4%) (6%) (21%) (22%) II New River/Mt. Rogers (8%) (36%) (59%) (72%) III Western Virginia (13%) (7%) (15%) (12%) IV Shenandoah Valley Wholesale Trade (2%) (6%) (13%) Accommodation, Food (9%) VI Piedmont Workforce Network (3%) (5%) VII Region 2000/Central VA Real Estate (8%) (11%) (15%) VIII South Central (13%) (32%) IX Capital Region Workforce Partnership (8%) (23%) (30%) (11%) XI Northern Virginia (7%) (7%) (17%) (11%) XII Alexandria/Arlington XIII Bay Consortium XIV Greater Peninsula XV Crater Area XVI Hampton Roads XVII West Piedmont State (3%) (4%) (4%) (12%) (5%) Other * (4%) Wholesale Trade (9%) (20%) Transportation and Warehousing (8%) Educational (10%) (16%) (26%) Arts, Entertainment, (3%) Wholesale Trade (17%) Transportation and Warehousing (42%) (17%) (13%) (32%) (15%) (10%) Transportation and Warehousing (12%) (30%) Real Estate (11%) (10%) *In LWDA XVII, the Oil and Gas Extraction industry increased from 3 to 4, leading to a deceivingly large (33%) increase. Due to the difficulty in properly interpreting such a high magnitude change associated with the addition of just one industry, the Oil and Gas Extraction industry was removed from this area. 13 3rd Quarter 2016

16 Table 10 Largest Industries in each LWDA Region LWDA Region Number of Establishments Average Employment Total Wage Highest Average Weekly Wage I Southwestern Virginia (27%) (17%) ($1,443) II New River/Mt. Rogers (24%) (22%) ($2,225) III Western Virginia (16%) (22%) ($1,339) IV Shenandoah Valley (20%) (15%) (19%) ($1,344) VI Piedmont Workforce Network (20%) (16%) ($1,902) VII Region 2000/Central VA (22%) (17%) (22%) ($1,278) VIII South Central (29%) ($1,807) IX Capital Region Workforce Partnership (15%) ($2,067) XI Northern Virginia (26%) (20%) (32%) ($2,576) XII Alexandria/Arlington (25%) (22%) (30%) ($2,642) XIII Bay Consortium (19%) Public Admin. (20%) Public Admin. ($1,655) XIV Greater Peninsula (20%) ($1,641) XV Crater Area (20%) (17%) ($1,820) XVI Hampton Roads (16%) (15%) ($1,505) XVII West Piedmont (41%) (16%) ($1,215) State (16%) (13%) (20%) ($2,008) 3rd Quarter

The Graying of Hawaii s Workforce 2006

The Graying of Hawaii s Workforce 2006 The Graying of Hawaii s Workforce 2006 April 2008 Hawaii State Department of Labor and Industrial Relations Research and Statistics Office Quality Information for Informed Decisions Introduction The Graying

More information

Polk County Labor Market Review

Polk County Labor Market Review Polk County Labor Market Review Polk County has a labor force of approximately 281,000 with 265,000 of them employed as of June 2016. The labor force reversed the 2014 2015 trend by growing 0.22% between

More information

Rhode Island. A publication of the Labor Market Information Unit

Rhode Island. A publication of the Labor Market Information Unit Rhode Island Employment & Wage Analysis 2012 A publication of the Labor Market Information Unit Summary of Findings The annual Rhode Island Employment and Wage Analysis report highlights Rhode Island s

More information

Growth in Personal Income for Maryland Falls Slightly in Last Quarter of 2015 But state catches up to U.S. rates

Growth in Personal Income for Maryland Falls Slightly in Last Quarter of 2015 But state catches up to U.S. rates Growth in Personal Income for Maryland Falls Slightly in Last Quarter of 2015 But state catches up to U.S. rates Growth in Maryland s personal income fell slightly in the fourth quarter of 2015, according

More information

A LOOK AT CONNECTICUT S OLDER WORKERS

A LOOK AT CONNECTICUT S OLDER WORKERS BY NICHOLAS A. JOLLY, ECONOMIST, DOL H IGHLIGHTS AGING OF THE POPULATION The number of Connecticut residents who are 65 and older is projected to increase by 72% between 2005 and 2030, whereas those from

More information

Labour Market Bulletin

Labour Market Bulletin Labour Market Bulletin Newfoundland and Labrador December 2016 This Labour Market Bulletin is a report providing an analysis of Labour Force Survey results for the province of Newfoundland and Labrador,

More information

2015 HEALTH PLANS BENCHMARK SUMMARY 2

2015 HEALTH PLANS BENCHMARK SUMMARY 2 The Zywave Health Plan Design Benchmark Report is based on data gathered from the largest database in the country, consisting of tens of thousands of employer-offered health plans. The report provides

More information

Metro Areas Show Moderate Employment Growth Over the Month with Trends Remaining Strong Over the Year

Metro Areas Show Moderate Employment Growth Over the Month with Trends Remaining Strong Over the Year AUGUST SUB-STATE PRESS RELEASE For Immediate Release September 25, 2018 Metro Areas Show Moderate Employment Growth Over the Month with Trends Remaining Strong Over the Year CARSON CITY, NV Statewide,

More information

BLS Data: Wisconsin Adds Statistically Significant 35,900 Private-Sector, 22,800 Manufacturing Jobs Over Year

BLS Data: Wisconsin Adds Statistically Significant 35,900 Private-Sector, 22,800 Manufacturing Jobs Over Year Department of Workforce Development Secretary s Office 201 E. Washington Avenue P.O. Box 7946 Madison, WI 53707 Telephone: (608) 266-3131 Fax: (608) 266-1784 Email: sec@dwd.wisconsin.gov Scott Walker,

More information

State Economic and Budget Trends Impact on Local Governments

State Economic and Budget Trends Impact on Local Governments State Economic and Budget Trends Impact on Local Governments Virginia Association of Counties Fiscal Analytics, Ltd. August 14, 2014 15.0% Virginia GF Revenue Now Expected to Decline 1.6% in FY 2014* 10.0%

More information

2016 Marquette County

2016 Marquette County 2016 Marquette County Economic Data Booklet LAKE SUPERIOR COMMUNITY PARTNERSHIP Business Development Department July 2017 The Lake Superior Community Partnership is the Marquette County region s leading

More information

Metro Area Unemployment Rates All Decline; Las Vegas Accounts for the Bulk of the Job Growth Over the Month

Metro Area Unemployment Rates All Decline; Las Vegas Accounts for the Bulk of the Job Growth Over the Month SEPTEMBER SUB-STATE PRESS RELEASE For Immediate Release October 23, 2018 Metro Area Unemployment Rates All Decline; Las Vegas Accounts for the Bulk of the Job Growth Over the Month CARSON CITY, NV According

More information

District Economic. Structurally Deficient Bridges, 2001 (Percent)

District Economic. Structurally Deficient Bridges, 2001 (Percent) District Economic BY ROBERT LACY Apprehension about terrorism and political developments regarding Iraq cast a pall over the Fifth District economy in the last three months of. Many businesses continued

More information

EMPLOYEES UNDER LABOUR CONTRACT AND AVERAGE GROSS WAGES AND SALARIES, FOURTH QUARTER OF Figure 1. Average wages and salaries by months

EMPLOYEES UNDER LABOUR CONTRACT AND AVERAGE GROSS WAGES AND SALARIES, FOURTH QUARTER OF Figure 1. Average wages and salaries by months EMPLOYEES UNDER LABOUR CONTRACT AND AVERAGE GROSS WAGES AND SALARIES, FOURTH QUARTER OF 2013 According to the preliminary data of the National Statistical Institute (NSI) at the end of December 2013 the

More information

June 9, Economic Overview Billings, MT MSA

June 9, Economic Overview Billings, MT MSA June 9, 2016 Economic Overview Billings, MT MSA DEMOGRAPHIC PROFILE... 3 EMPLOYMENT TRENDS... 5 UNEMPLOYMENT RATE... 5 WAGE TRENDS... 6 COST OF LIVING INDEX... 6 INDUSTRY SNAPSHOT... 7 OCCUPATION SNAPSHOT...

More information

Industry Employment Projections. Overview of Employment Growth. Ashley Leach, Economist. 1 Projected Employment Growth by Substate Area

Industry Employment Projections. Overview of Employment Growth. Ashley Leach, Economist. 1 Projected Employment Growth by Substate Area 2016-2026 Industry Employment Projections Ashley Leach, Economist The New Mexico Department of Workforce Solutions (NMDWS) Economic Research and Analysis Bureau (ER&A) produces long-term industry and occupational

More information

Metropolitan Chicago Region Overview of the Economy

Metropolitan Chicago Region Overview of the Economy June 2013 Overview of the Economy This report is issued by The Workforce Boards of Metropolitan Chicago (WBMC) for the purpose of sharing economic and workforce development information for the metropolitan

More information

Introduction... 3 Population and Demographics... 4 Population... 4 Demographics... 4 Labour force... 5

Introduction... 3 Population and Demographics... 4 Population... 4 Demographics... 4 Labour force... 5 Table of Contents Introduction... 3 Population and Demographics... 4 Population... 4 Demographics... 4 Labour force... 5 Employment... 7 Employment and unemployment... 7 Employment in Lantzville... 8 Employment

More information

2015 Marquette County

2015 Marquette County 2015 Marquette County Economic Data Booklet LAKE SUPERIOR COMMUNITY PARTNERSHIP Business Development Department July 2016 The Lake Superior Community Partnership is the Marquette County region s leading

More information

Economic Overview Fairfax / Falls Church. October 23, 2017

Economic Overview Fairfax / Falls Church. October 23, 2017 Economic Overview Fairfax / Falls Church October 23, 2017 DEMOGRAPHIC PROFILE... 3 EMPLOYMENT TRENDS... 5 UNEMPLOYMENT RATE... 5 WAGE TRENDS... 6 COST OF LIVING INDEX... 6 INDUSTRY SNAPSHOT... 7 OCCUPATION

More information

LABOR SITUATION Office of Research

LABOR SITUATION Office of Research Sharon Palmer Commissioner LABOR SITUATION Office of Research FOR IMMEDIATE RELEASE May 2013 Data CT Unemployment Rate = 8.0% US Unemployment Rate = 7.6% Nonfarm jobs rise 1,000 in May but the unemployment

More information

GOAL 0: GDP GROWTH. By 2028, New Brunswick will experience an upward trend that returns its GDP growth rate to 2008 levels. Status: NOT PROGRESSING

GOAL 0: GDP GROWTH. By 2028, New Brunswick will experience an upward trend that returns its GDP growth rate to 2008 levels. Status: NOT PROGRESSING 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 GOAL 0: GDP GROWTH By 2028,

More information

VIRGINIA ECONOMIC INDICATORS

VIRGINIA ECONOMIC INDICATORS 3rd Quarter 2016 VIRGINIA ECONOMIC INDICATORS Volume 48, Number 3 A Publication of the Virginia Commission ECONOMIC INFORMATION & ANALYTICS Virginia Commission Please address your comments to: Timothy

More information

REVIEW OF CURRENT CONDITIONS:

REVIEW OF CURRENT CONDITIONS: December 2016 REVIEW OF CURRENT CONDITIONS: THE ECONOMIC OUTLOOK AND ITS IMPACT ON WORKERS COMPENSATION The exhibits below are updated to reflect the current economic outlook for factors that typically

More information

Economic Overview New York

Economic Overview New York Report created on October 20, 2015 Economic Overview Created using: Contact: Lisa.Montiel@suny.edu DEMOGRAPHIC PROFILE...3 EMPLOYMENT TRENDS...5 UNEMPLOYMENT RATE...5 WAGE TRENDS...6 COST OF LIVING INDEX...6

More information

First Quarter 2016 Quarterly narrative REGIONAL SUMMARIES Fort Smith region Northwest Arkansas Central Arkansas Jonesboro

First Quarter 2016 Quarterly narrative REGIONAL SUMMARIES Fort Smith region Northwest Arkansas Central Arkansas Jonesboro First Quarter 2016 Quarterly narrative An independent economic analysis of four Arkansas metro areas: Central Arkansas Northwest Arkansas The Fort Smith region Jonesboro metro REGIONAL SUMMARIES Fort Smith

More information

Economic Overview Monterey County, California. July 22, 2016

Economic Overview Monterey County, California. July 22, 2016 Economic Overview Monterey July 22, 2016 DEMOGRAPHIC PROFILE... 3 EMPLOYMENT TRENDS... 5 UNEMPLOYMENT RATE... 5 WAGE TRENDS... 6 COST OF LIVING INDEX... 6 INDUSTRY SNAPSHOT... 7 OCCUPATION SNAPSHOT...

More information

EMPLOYEES UNDER LABOUR CONTRACT AND AVERAGE WAGES AND SALARIES, THIRD QUARTER OF 2011

EMPLOYEES UNDER LABOUR CONTRACT AND AVERAGE WAGES AND SALARIES, THIRD QUARTER OF 2011 EMPLOYEES UNDER LABOUR CONTRACT AND AVERAGE WAGES AND SALARIES, THIRD QUARTER OF 2011 According to the preliminary data of the National Statistical Institute (NSI) at the end of September 2011 the number

More information

NEW ORLEANS REGIONAL COUNCIL FOR BUSINESS ECONOMICS

NEW ORLEANS REGIONAL COUNCIL FOR BUSINESS ECONOMICS Monthly Non-Farm Employment Jan. 2008 Apr Jul Jan.2009 Jan. 2010 Jan.2011 Jan.2012 Jan.2013 Jan.2014 Jan. 2015 Jan. 2016 Jan.2017 2017 THE NEW ORLEANS REGIONAL ECONOMIC INDEX NEW ORLEANS REGIONAL COUNCIL

More information

Economic Overview Long Island

Economic Overview Long Island Report created on October 20, 2015 Economic Overview Long Island Created using: Contact: Lisa.Montiel@suny.edu DEMOGRAPHIC PROFILE...3 EMPLOYMENT TRENDS...5 UNEMPLOYMENT RATE...5 WAGE TRENDS...6 COST OF

More information

Labour Market Bulletin

Labour Market Bulletin Labour Market Bulletin Newfoundland and Labrador 2016 This Labour Market Bulletin provides an analysis of Labour Force Survey results for the province of Newfoundland and Labrador, including the regions

More information

DEMOGRAPHIC PROFILE...3 EMPLOYMENT TRENDS...5 UNEMPLOYMENT RATE...5 WAGE TRENDS...6 COST OF LIVING INDEX...6 INDUSTRY SNAPSHOT...7

DEMOGRAPHIC PROFILE...3 EMPLOYMENT TRENDS...5 UNEMPLOYMENT RATE...5 WAGE TRENDS...6 COST OF LIVING INDEX...6 INDUSTRY SNAPSHOT...7 March 14, 2017 DEMOGRAPHIC PROFILE...3 EMPLOYMENT TRENDS...5 UNEMPLOYMENT RATE...5 WAGE TRENDS...6 COST OF LIVING INDEX...6 INDUSTRY SNAPSHOT...7 OCCUPATION SNAPSHOT...9 INDUSTRY CLUSTERS... 12 EDUCATION

More information

REGIONAL SUMMARIES. Nonfarm employment grew in the second quarter. Non-farm jobs totaled 56,900 in June, up from 55,500 in June 2016.

REGIONAL SUMMARIES. Nonfarm employment grew in the second quarter. Non-farm jobs totaled 56,900 in June, up from 55,500 in June 2016. Second Quarter 2017 Quarterly narrative An independent economic analysis of four Arkansas metro areas: Central Arkansas Northwest Arkansas The Fort Smith region Jonesboro metro REGIONAL SUMMARIES Fort

More information

Minnesota Energy Industry

Minnesota Energy Industry Energy Industry Jobs Q3 2000 Q3 2001 Q3 2002 Q3 2003 Q3 2004 Q3 2005 Q3 2006 Q3 2007 Q3 2008 Q3 2009 Q3 2010 Q3 2011 Q3 Q3 Q3 Q3 Q3 2016 Minnesota Energy Consortium April 13, 2017 Cameron Macht DEED Labor

More information

Economic Overview Loudoun County, Virginia. October 23, 2017

Economic Overview Loudoun County, Virginia. October 23, 2017 Economic Overview October 23, 2017 DEMOGRAPHIC PROFILE... 3 EMPLOYMENT TRENDS... 5 UNEMPLOYMENT RATE... 5 WAGE TRENDS... 6 COST OF LIVING INDEX... 6 INDUSTRY SNAPSHOT... 7 OCCUPATION SNAPSHOT... 9 INDUSTRY

More information

EMPLOYEES UNDER LABOUR CONTRACT AND GROSS AVERAGE WAGES AND SALARIES, FIRST QUARTER OF Figure 1. Average wages and salaries by months

EMPLOYEES UNDER LABOUR CONTRACT AND GROSS AVERAGE WAGES AND SALARIES, FIRST QUARTER OF Figure 1. Average wages and salaries by months EMPLOYEES UNDER LABOUR CONTRACT AND GROSS AVERAGE WAGES AND SALARIES, FIRST QUARTER OF 2014 According to the preliminary data of the National Statistical Institute (NSI) at the end of March 2014 the number

More information

NEVADA SUB-STATE LABOR MARKET OVERVIEW. October 2018

NEVADA SUB-STATE LABOR MARKET OVERVIEW. October 2018 RESEARCH AND ANALYSIS BUREAU BRIAN SANDOVAL GOVERNOR DON SODERBERG DIRECTOR DAVID SCHMIDT CHIEF ECONOMIST NEVADA SUB-STATE LABOR MARKET OVERVIEW October 2018 Statewide, seasonally adjusted employment increased

More information

MISSISSIPPI S BUSINESS Monitoring the state s economy

MISSISSIPPI S BUSINESS Monitoring the state s economy MISSISSIPPI S BUSINESS Monitoring the state s economy A Publication of the University Research Center, Mississippi Institutions of Higher Learning JULY 2015 VOLUME 73, NUMBER 7 ECONOMY AT A GLANCE igure

More information

Economic Overview Prince William/Manassas. October 23, 2017

Economic Overview Prince William/Manassas. October 23, 2017 Economic Overview Prince William/Manassas October 23, 2017 DEMOGRAPHIC PROFILE... 3 EMPLOYMENT TRENDS... 5 UNEMPLOYMENT RATE... 5 WAGE TRENDS... 6 COST OF LIVING INDEX... 6 INDUSTRY SNAPSHOT... 7 OCCUPATION

More information

Labour Market Bulletin

Labour Market Bulletin Labour Market Bulletin Newfoundland and Labrador September 2015 This Labour Market Bulletin is a report providing an analysis of Labour Force Survey results for the province of Newfoundland and Labrador,

More information

Economic Overview Long Island

Economic Overview Long Island Report created on August 29, 2017 Economic Overview Long Island Contact: Lisa.Montiel@suny.edu DEMOGRAPHIC PROFILE... 3 EMPLOYMENT TRENDS... 5 UNEMPLOYMENT RATE... 5 WAGE TRENDS... 6 COST OF LIVING INDEX...

More information

4th Quarter Analysis Australian Late Payments

4th Quarter Analysis Australian Late Payments 4th Quarter Analysis 2017 Australian Late Payments Business payments fastest on record Late payment times down 17.5% in 2017 Late payment times for Australian business dropped to their lowest level on

More information

Key Labor Market and Economic Metrics

Key Labor Market and Economic Metrics Key Labor Market and Economic Metrics May Update Incorporates Data Available on May 27 th, 2016 This reference is the result of a collaboration between the Bureau of Labor Market Information and Strategic

More information

October 28, Economic Overview Yellowstone County, Montana

October 28, Economic Overview Yellowstone County, Montana October 28, 2016 Economic Overview Yellowstone DEMOGRAPHIC PROFILE...3 EMPLOYMENT TRENDS...5 UNEMPLOYMENT RATE...5 WAGE TRENDS...6 COST OF LIVING INDEX...6 INDUSTRY SNAPSHOT...7 OCCUPATION SNAPSHOT...9

More information

Economic Overview Western New York

Economic Overview Western New York Report created on August 29, 2017 Economic Overview Western New Contact: Lisa.Montiel@suny.edu DEMOGRAPHIC PROFILE... 3 EMPLOYMENT TRENDS... 5 UNEMPLOYMENT RATE... 5 WAGE TRENDS... 6 COST OF LIVING INDEX...

More information

Monthly Employment Report for June 2018

Monthly Employment Report for June 2018 Washington 4.7% United States 4.0% Seasonally adjusted Employment estimates in this report are generated by the U.S. Bureau of Labor Statistics (BLS). Monthly employment estimates are subject to revision

More information

EMPLOYEES UNDER LABOUR CONTRACT AND GROSS AVERAGE WAGES AND SALARIES, FOURTH QUARTER OF 2016

EMPLOYEES UNDER LABOUR CONTRACT AND GROSS AVERAGE WAGES AND SALARIES, FOURTH QUARTER OF 2016 EMPLOYEES UNDER LABOUR CONTRACT AND GROSS AVERAGE WAGES AND SALARIES, FOURTH QUARTER OF 2016 According to the preliminary data of the National Statistical Institute (NSI) at the end of December 2016 the

More information

Figure 1. Gross average wages and salaries by months

Figure 1. Gross average wages and salaries by months EMPLOYEES UNDER LABOUR CONTRACT AND GROSS AVERAGE WAGES AND SALARIES, FIRST QUARTER OF 2018 According to the preliminary data of the National Statistical Institute (NSI) at the end of March 2018 the number

More information

Measuring Total Employment: Are a Few Million Workers Important?

Measuring Total Employment: Are a Few Million Workers Important? June 1999 Federal Reserve Bank of Cleveland Measuring Total Employment: Are a Few Million Workers Important? by Mark Schweitzer and Jennifer Ransom Each month employment reports are eagerly awaited by

More information

ECONOMIC OVERVIEW DuPage County, Illinois

ECONOMIC OVERVIEW DuPage County, Illinois ECONOMIC OVERVIEW DuPage County, Illinois DEMOGRAPHIC PROFILE... 3 EMPLOYMENT TRENDS... 5 UNEMPLOYMENT RATE... 5 WAGE TRENDS... 6 COST OF LIVING INDEX... 7 INDUSTRY SNAPSHOT... 8 OCCUPATION SNAPSHOT...

More information

April An Analysis of Saskatchewan s Productivity, : Capital Intensity Growth Drives Strong Labour Productivity Performance CENTRE FOR

April An Analysis of Saskatchewan s Productivity, : Capital Intensity Growth Drives Strong Labour Productivity Performance CENTRE FOR April 2011 111 Sparks Street, Suite 500 Ottawa, Ontario K1P 5B5 613-233-8891, Fax 613-233-8250 csls@csls.ca CENTRE FOR THE STUDY OF LIVING STANDARDS An Analysis of Saskatchewan s Productivity, 1997-2007:

More information

Economic Overview Mohawk Valley

Economic Overview Mohawk Valley Report created on August 29, 2017 Economic Overview Mohawk Valley Contact: Lisa.Montiel@suny.edu DEMOGRAPHIC PROFILE... 3 EMPLOYMENT TRENDS... 5 UNEMPLOYMENT RATE... 5 WAGE TRENDS... 6 COST OF LIVING INDEX...

More information

4 Scottish labour market

4 Scottish labour market 4 Scottish labour market Andrew Ross, Fraser of Allander Institute This section provides an overview of key labour market data in Scotland and contrasts these with both UK performance and changes over

More information

Economic Overview Capital District

Economic Overview Capital District August 29, 2017 Economic Overview Capital District Contact: Lisa.Montiel@suny.edu DEMOGRAPHIC PROFILE... 3 EMPLOYMENT TRENDS... 5 UNEMPLOYMENT RATE... 5 WAGE TRENDS... 6 COST OF LIVING INDEX... 6 INDUSTRY

More information

Census Research Paper Series

Census Research Paper Series 2006 Census Research Paper Series #6 The Changing Industrial Structure of Northern Ontario by Chris Southcott, Ph.D. Lakehead University April, 2008 Prepared for the Local Boards of Northern Ontario Far

More information

2017 Economic Forecast

2017 Economic Forecast 2017 Economic Forecast Mid-Year Update Greater Kansas City Chamber of Commerce June 29, 2017 We ve come a long way but the pace of job recovery seems to be gradually downshifting This is even more true

More information

Atlantic City Tourism Performance Indicators (AC-TPI) 2nd Quarter 2014

Atlantic City Tourism Performance Indicators (AC-TPI) 2nd Quarter 2014 Atlantic City Tourism Performance Indicators (AC-TPI) 2nd Quarter 2014 Prepared by Brian J. Tyrrell, Ph.D. Supported by Israel Posner, Ph.D. Executive Director Atlantic City Tourism Performance Indicators

More information

OVERVIEW OF DEVELOPMENTS IN ICT INVESTMENT IN CANADA, 2011

OVERVIEW OF DEVELOPMENTS IN ICT INVESTMENT IN CANADA, 2011 September 212 151 Slater Street, Suite 71 Ottawa, Ontario K1P 5H3 613-233-8891, Fax 613-233-825 csls@csls.ca CENTRE FOR THE STUDY OF LIVING STANDARDS OVERVIEW OF DEVELOPMENTS IN ICT INVESTMENT IN CANADA,

More information

April An Analysis of Nova Scotia s Productivity Performance, : Strong Growth, Low Levels CENTRE FOR LIVING STANDARDS

April An Analysis of Nova Scotia s Productivity Performance, : Strong Growth, Low Levels CENTRE FOR LIVING STANDARDS April 2011 111 Sparks Street, Suite 500 Ottawa, Ontario K1P 5B5 613-233-8891, Fax 613-233-8250 csls@csls.ca CENTRE FOR THE STUDY OF LIVING STANDARDS An Analysis of Nova Scotia s Productivity Performance,

More information

Economic Overview City of Tyler, TX. January 8, 2018

Economic Overview City of Tyler, TX. January 8, 2018 Economic Overview City of Tyler, TX January 8, 2018 DEMOGRAPHIC PROFILE...3 EMPLOYMENT TRENDS...5 WAGE TRENDS...5 COST OF LIVING INDEX...6 INDUSTRY SNAPSHOT...7 OCCUPATION SNAPSHOT...9 INDUSTRY CLUSTERS...

More information

Economic Overview Marlboro County Labor Shed. June 29, 2016

Economic Overview Marlboro County Labor Shed. June 29, 2016 Economic Overview Marlboro County Labor June 29, 2016 DEMOGRAPHIC PROFILE...3 EMPLOYMENT TRENDS...5 UNEMPLOYMENT RATE...5 WAGE TRENDS...6 COST OF LIVING INDEX...6 INDUSTRY SNAPSHOT...7 OCCUPATION SNAPSHOT...9

More information

RESEARCH BRIEF. The State of Industry: County Business Patterns Show Changing Economic Landscape

RESEARCH BRIEF. The State of Industry: County Business Patterns Show Changing Economic Landscape RESEARCH BRIEF The : County Business Patterns Show Changing Economic Landscape HARRISBURG The release of the 2015 County Business Patterns from the U.S. Census allows for an opportunity to assess both

More information

Virginia Economic Indicators

Virginia Economic Indicators Virginia Economic Indicators Volume 47, Number 3 Please address your comments to: Timothy O. Kestner, Director Economic Information Services Division Virginia Employment Commission P.O. Box 1358 Richmond,

More information

REGIONAL SNAPSHOT. Northern Shenandoah Valley Regional Partnership (NSVRP), Virginia

REGIONAL SNAPSHOT. Northern Shenandoah Valley Regional Partnership (NSVRP), Virginia REGIONAL SNAPSHOT Northern Shenandoah Valley Regional Partnership (NSVRP), Virginia Table of contents 01 Overview 04 Labor force 02 Demography 05 Industry and occupation 03 Human capital 01 overview Northern

More information

The Election Economy. November 29, City of Georgetown

The Election Economy. November 29, City of Georgetown The Election Economy November 29, 2016 City of Georgetown More Growth Coming Why are people moving here? Citizens Quality of Life Planning for Growth 100% Renewable Energy by 2018 Transportation Investments

More information

Nonfarm jobs climb 6,700 in May; unemployment rate steady at 4.9%

Nonfarm jobs climb 6,700 in May; unemployment rate steady at 4.9% Lincoln.dyer@ct.gov appears Office of Research Scott D. Jackson, Commissioner FOR IMMEDIATE RELEASE May 2017 Data CT Unemployment Rate = 4.9% US Unemployment Rate = 4.3% Nonfarm jobs climb 6,700 in May;

More information

Analysis of Change. 1 Economically speaking, the natural rate of unemployment is a theoretical concept, rather than an agreed upon

Analysis of Change. 1 Economically speaking, the natural rate of unemployment is a theoretical concept, rather than an agreed upon Alternative Measures of Labor Underutilization Second Quarter 2017 By Paul Daniels Virginia Employment Commission, Division of Economic Information & Analytics *Note: Unless otherwise noticed, all figures

More information

Rifle city Demographic and Economic Profile

Rifle city Demographic and Economic Profile Rifle city Demographic and Economic Profile Community Quick Facts Population (2014) 9,289 Population Change 2010 to 2014 156 Place Median HH Income (ACS 10-14) $52,539 State Median HH Income (ACS 10-14)

More information

If the Economy s so Bad, Why Is the Unemployment Rate so Low?

If the Economy s so Bad, Why Is the Unemployment Rate so Low? If the Economy s so Bad, Why Is the Unemployment Rate so Low? Testimony to the Joint Economic Committee March 7, 2008 Rebecca M. Blank University of Michigan and Brookings Institution Rebecca Blank is

More information

The Economic Base of Eddy County, NM. PREPARED BY: The Office of Policy Analysis at Arrowhead Center, New Mexico State University.

The Economic Base of Eddy County, NM. PREPARED BY: The Office of Policy Analysis at Arrowhead Center, New Mexico State University. The Economic Base of Eddy County, NM PREPARED BY: The Office of Policy Analysis at Arrowhead Center, New Mexico State University DATE: July 2013 The Economic Base of Eddy County, New Mexico Introduction

More information

Economic Overview York County, South Carolina. February 14, 2018

Economic Overview York County, South Carolina. February 14, 2018 Economic Overview York County, February 14, 2018 DEMOGRAPHIC PROFILE... 3 EMPLOYMENT TRENDS... 5 UNEMPLOYMENT RATE... 5 WAGE TRENDS... 6 COST OF LIVING INDEX... 6 INDUSTRY SNAPSHOT... 7 OCCUPATION SNAPSHOT...

More information

WHO S LEFT TO HIRE? WORKFORCE AND UNEMPLOYMENT ANALYSIS PREPARED BY BENJAMIN FRIEDMAN JANUARY 23, 2019

WHO S LEFT TO HIRE? WORKFORCE AND UNEMPLOYMENT ANALYSIS PREPARED BY BENJAMIN FRIEDMAN JANUARY 23, 2019 JANUARY 23, 2019 WHO S LEFT TO HIRE? WORKFORCE AND UNEMPLOYMENT ANALYSIS PREPARED BY BENJAMIN FRIEDMAN 13805 58TH STREET NORTH CLEARNWATER, FL, 33760 727-464-7332 Executive Summary: Pinellas County s unemployment

More information

Mesa county Economic Update

Mesa county Economic Update Mesa county Economic Update Provided by the Business Department of Colorado Mesa University Second Quarter 1 Economic Summary Contents The Mesa County economy is performing well with a 3.% unemployment

More information

Tulsa Metropolitan Area Outlook

Tulsa Metropolitan Area Outlook The Oklahoma Economy 2009 Okllahoma Economiic Outllook Tulsa Metropolitan Area Outlook Economic Performance Index Spears School of Business Oklahoma State University The 2009 Oklahoma Economic Outlook

More information

BROWARD COUNTY LABOR FORCE

BROWARD COUNTY LABOR FORCE BROWARD COUNTY LABOR FORCE Broward County s has a workforce of 978,000 people, including 54,000 self-employed. Twenty-three percent of residents commute to a job outside Broward County and five percent

More information

EMPLOYEES UNDER LABOUR CONTRACT AND GROSS AVERAGE WAGES AND SALARIES, THIRD QUARTER OF 2017

EMPLOYEES UNDER LABOUR CONTRACT AND GROSS AVERAGE WAGES AND SALARIES, THIRD QUARTER OF 2017 EMPLOYEES UNDER LABOUR CONTRACT AND GROSS AVERAGE WAGES AND SALARIES, THIRD QUARTER OF 2017 According to the preliminary data of the National Statistical Institute (NSI) at the end of September 2017 the

More information

U.S. CAPITAL SPENDING PATTERNS

U.S. CAPITAL SPENDING PATTERNS Billions of current dollars 2010 Capital Spending Report: U.S. CAPITAL SPENDING PATTERNS 1999-2008 Data in this report are from the Census Bureau s Annual Capital Expenditures Survey (ACES), which collects

More information

Hurricane Harvey Special Report: A Look Back at the Impacts of Hurricane Ike on the Gulf Coast Labor Market

Hurricane Harvey Special Report: A Look Back at the Impacts of Hurricane Ike on the Gulf Coast Labor Market Hurricane Harvey Special Report: A Look Back at the Impacts of Hurricane Ike on the Gulf Coast Labor Market Workforce Solutions is an affiliate of the Gulf Coast Workforce Board, which manages a regional

More information

Economic Overview. Lawrence, KS MSA

Economic Overview. Lawrence, KS MSA Economic Overview Lawrence, KS MSA March 5, 2019 DEMOGRAPHIC PROFILE... 3 EMPLOYMENT TRENDS... 5 UNEMPLOYMENT RATE... 5 WAGE TRENDS... 6 COST OF LIVING INDEX... 7 INDUSTRY SNAPSHOT... 8 OCCUPATION SNAPSHOT...

More information

Wisconsin Adds Nearly 10,000 Private-Sector Jobs in November, Unemployment Rate Remains at or Below 3 percent for 10 th Straight Month

Wisconsin Adds Nearly 10,000 Private-Sector Jobs in November, Unemployment Rate Remains at or Below 3 percent for 10 th Straight Month Department of Workforce Development Secretary s Office 201 E. Washington Avenue P.O. Box 7946 Madison, WI 53707 Telephone: (608) 266-3131 Fax: (608) 266-1784 Email: sec@dwd.wisconsin.gov Scott Walker,

More information

The State of Working Florida 2011

The State of Working Florida 2011 The State of Working Florida 2011 Labor Day, September 5, 2011 By Emily Eisenhauer and Carlos A. Sanchez Contact: Emily Eisenhauer Center for Labor Research and Studies Florida International University

More information

SOUTH DAKOTA KIDS COUNT BEACOM SCHOOL OF BUSINESS UNIVERSITY OF SOUTH DAKOTA 414 E. CLARK STREET VERMILLION, SD

SOUTH DAKOTA KIDS COUNT BEACOM SCHOOL OF BUSINESS UNIVERSITY OF SOUTH DAKOTA 414 E. CLARK STREET VERMILLION, SD Brookings County Compared to o SDSD Undergrad Enrollment approximately 11,225 o USD Undergrad Enrollment approximately 7,600 o Brookings County 1 year population estimate for 2013 is 32,968 o 1 year population

More information

ITEM 3.1 (I) APP 1 STATE OF THE D2N2 ECONOMY REGIONAL ECONOMIC CONTEXT AND TRENDS

ITEM 3.1 (I) APP 1 STATE OF THE D2N2 ECONOMY REGIONAL ECONOMIC CONTEXT AND TRENDS ITEM 3.1 (I) APP 1 STATE OF THE D2N2 ECONOMY REGIONAL ECONOMIC CONTEXT AND TRENDS SUMMARY In 2015 GVA increased 2.2% to more that 44bn Productivity gap with the national level widened slightly in 2015

More information

Impact of Riverboat Gambling on the Business Climate in Lake County, Indiana

Impact of Riverboat Gambling on the Business Climate in Lake County, Indiana Impact of Riverboat Gambling on the Business Climate in Lake County, Indiana Authors: Seth B. Payton Laura Littlepage Center for Urban Policy and the Environment Indiana University-Purdue University Indianapolis

More information

SMEs contribution to the Maltese economy and future prospects

SMEs contribution to the Maltese economy and future prospects SMEs contribution to the Maltese economy and future prospects Aaron G. Grech 1 Policy Note October 2018 1 Dr Aaron G Grech is the Chief Officer of the Economics Division of the Central Bank of Malta. He

More information

April 2011 CENTRE FOR LIVING STANDARDS. CSLS Research Report i. Christopher Ross THE STUDY OF

April 2011 CENTRE FOR LIVING STANDARDS. CSLS Research Report i. Christopher Ross THE STUDY OF April 2011 111 Sparks Street, Suite 500 Ottawa, Ontario K1P 5B5 613-233-8891, Fax 613-233-8250 csls@csls.ca CENTRE FOR THE STUDY OF LIVING STANDARDS An Analysis of Alberta s Productivity, 1997-2007: Falling

More information

Holding(s) in Company - London Stock Exchange

Holding(s) in Company - London Stock Exchange Page 1 of 5 Regulatory Story Go to market news section Company TIDM Headline Released HUM Holding(s) in Company 16:03 16-Dec-2010 1281Y16 RNS : 1281Y 16 December 2010 TR-1: NOTIFICATION OF MAJOR INTEREST

More information

Grant County Labor Market Summary Update November 2006

Grant County Labor Market Summary Update November 2006 County Labor Market Summary Update November 26 Copyright 26 WVU Research Corporation College of Business and Economics West Virginia University www.bber.wvu.edu by George W. Hammond, Ph.D. Anthony Gregory

More information

Corporate & Commercial. The National Living Wage Autumn 2015

Corporate & Commercial. The National Living Wage Autumn 2015 Corporate & Commercial The National Living Wage Autumn 2015 The national living wage In the 2015 summer budget, the Chancellor announced that a national living wage (NLW) will be introduced from April

More information

LETTER. economic COULD INTEREST RATES HEAD UP IN 2015? JANUARY Canada. United States. Interest rates. Oil price. Canadian dollar.

LETTER. economic COULD INTEREST RATES HEAD UP IN 2015? JANUARY Canada. United States. Interest rates. Oil price. Canadian dollar. economic LETTER JANUARY 215 COULD INTEREST RATES HEAD UP IN 215? For six years now, that is, since the financial crisis that shook the world in 28, Canadian interest rates have stayed low. The key interest

More information

2018 Kansas City Economic Forecast. Mid-Year Update Greater Kansas City Chamber of Commerce June 15, 2018

2018 Kansas City Economic Forecast. Mid-Year Update Greater Kansas City Chamber of Commerce June 15, 2018 2018 Kansas City Economic Forecast Mid-Year Update Greater Kansas City Chamber of Commerce June 15, 2018 Status of the U.S. Economy By many measures the economy is approaching maximum capacity. 160,000

More information

Nonfarm jobs down 1,600 in February; unemployment rate at 4.7%

Nonfarm jobs down 1,600 in February; unemployment rate at 4.7% Lincoln.dyer@ct.gov appears Office of Research Scott D. Jackson, Commissioner FOR IMMEDIATE RELEASE February 2017 Data CT Unemployment Rate = 4.7% US Unemployment Rate = 4.7% Nonfarm jobs down 1,600 in

More information

Michigan s July Unemployment Rate Moves Up Seasonally

Michigan s July Unemployment Rate Moves Up Seasonally Labor Market News Michigan s September 2016 Vol. 72, Issue No. 7 Percent Michigan s July Unemployment Rate Moves Up Seasonally Michigan s unemployment rate (not seasonally adjusted) increased by 0.5 of

More information

Third Quarter 2015 An independent economic analysis of Arkansas three largest metro areas: Central Arkansas Northwest Arkansas The Fort Smith region

Third Quarter 2015 An independent economic analysis of Arkansas three largest metro areas: Central Arkansas Northwest Arkansas The Fort Smith region Third Quarter 2015 An independent economic analysis of Arkansas three largest metro areas: Central Arkansas Northwest Arkansas The Fort Smith region About The Compass The Compass Report is managed by Talk

More information

DEPARTMENT OF LABOR AND INDUSTRIAL RELATIONS HAWAII'S UNEMPLOYMENT RATE AT NEW RECORD 2.0 PERCENT IN NOVEMBER

DEPARTMENT OF LABOR AND INDUSTRIAL RELATIONS HAWAII'S UNEMPLOYMENT RATE AT NEW RECORD 2.0 PERCENT IN NOVEMBER DEPARTMENT OF LABOR AND INDUSTRIAL RELATIONS FOR IMMEDIATE RELEASE December 21, 20 D A V I D Y. I G E G O V E R N O R L E O N A R D H O S H I J O A C T I N G D I R E C T O R HAWAII'S UNEMPLOYMENT RATE

More information

REGIONAL ECONOMIC OUTLOOK

REGIONAL ECONOMIC OUTLOOK REGIONAL ECONOMIC OUTLOOK Industry Analysis Long-term trends Projected Growth NKY/Cincinnati specifics Education Degrees Conferred Projected Growth Degree and Workforce projections Long-term Trends -

More information

For More Information

For More Information CHILDREN AND FAMILIES EDUCATION AND THE ARTS ENERGY AND ENVIRONMENT HEALTH AND HEALTH CARE INFRASTRUCTURE AND TRANSPORTATION INTERNATIONAL AFFAIRS LAW AND BUSINESS NATIONAL SECURITY POPULATION AND AGING

More information

The Aboriginal Economic Benchmarking Report. Core Indicator 1: Employment. The National Aboriginal Economic Development Board June, 2013

The Aboriginal Economic Benchmarking Report. Core Indicator 1: Employment. The National Aboriginal Economic Development Board June, 2013 The Economic Benchmarking Report Core Indicator 1: Employment The National Economic Development Board June, 2013 The National Economic Development Board 10 Wellington St., 9th floor Gatineau, (Quebec)

More information

Mesa county Economic Update

Mesa county Economic Update Mesa county Economic Update Provided by the Business Department of Colorado Mesa University First Quarter 2019 Economic Summary Contents and 2018 were both strong years for the Mesa County economy. Local

More information

Nevada s Unemployment Rate Falls in October to 6.6 Percent Outlook is Positive for Holiday Hiring

Nevada s Unemployment Rate Falls in October to 6.6 Percent Outlook is Positive for Holiday Hiring For Immediate Release Nov. 18, 2015 Nevada s Unemployment Rate Falls in October to 6.6 Percent Outlook is Positive for Holiday Hiring CARSON CITY, NV Nevada s unemployment rate dipped to a seasonally adjusted

More information