Economy Overview. Collin County, TX. Emsi Q Data Set

Transcription

1 Collin County, TX Emsi Q Data Set

2 Contents. Economy Overview Historic &.. Projected Trends Popula on Characteris cs Industry Characteris cs Business Characteris cs Workforce Characteris cs Educa onal Pipeline Emsi Q Data Set

3 Economy Overview 964, ,054 $86.2K Popula on (2017) Jobs (2017) Median Household Income (2016) Popula on grew by 126,915 over the last 5 years and is projected to grow by 98,958 over the next 5 years. Jobs grew by 94,522 over the last 5 years and are projected to grow by 76,929 over the next 5 years. Median household income is $30.9K above the na onal median household income of $55.3K. As of 2017 the region's popula on increased by 15.2% since 2012, growing by 126,915. Popula on is expected to increase by 10.3% between 2017 and 2022, adding 98,958. From 2012 to 2017, jobs increased by 26.9% in Collin County, TX from 351,532 to 446,054. This change outpaced the na onal growth rate of 8.2% by 18.7%. As the number of jobs increased, the labor force par cipa on rate increased from 68.7% to 70.4% between 2012 and Concerning educa onal a ainment, 32.5% of Collin County, TX residents possess a Bachelor's Degree (14.2% above the na onal average), and 7.5% hold an Associate's Degree (0.4% below the na onal average). The top three industries in 2017 are Restaurants and Other Ea ng Places, Educa on and Hospitals (Local Government), and Computer Systems Design and Related Services. Emsi Q Data Set 1

4 Economy Overview - Cont. Popula on (2017) Labor Force (2017) Jobs (2017) Cost of Living GRP Imports Exports Region 964, , , $65.33B $54.21B $48.35B McKinney 208,096 N/A 77, $10.45B $14.61B $10.87B WSNCT + Dallas and Tarrant Workforce Solu ons- North Central Texas 7,475,041 3,883,623 3,880, $519.20B $291.73B $368.45B 2,820,371 1,496,811 1,074, $135.86B $148.92B $105.43B State 28,289,157 13,598,066 13,544, $1.69T $958.27B $1.31T Na on 325,401, ,185, ,946, $19.27T $0 $8.36T Emsi Q Data Set 2

5 Economy Overview - Cont Labor Force Breakdown Popula on A Total Working Age Popula on 756,657 A Not in Labor Force (15+) 224, ,131 Popula on A Labor Force 532,325 A Employed 516,400 A Unemployed 15,925 A Under ,474 Educa onal A ainment Concerning educa onal a ainment, 32.5% of Collin County, TX residents possess a Bachelor's Degree (14.2% above the na onal average), and 7.5% hold an Associate's Degree (0.4% below the na onal average). % of Popula on Popula on A Less Than 9th Grade 4.3% 27,186 A 9th Grade to 12th Grade 2.8% 17,839 A High School Diploma 15.5% 97,673 A Some College 19.8% 124,972 A Associate's Degree 7.5% 47,069 A Bachelor's Degree 32.5% 205,061 A Graduate Degree and Higher 17.5% 110,456 Emsi Q Data Set 3

6 Historic & Projected Trends Popula on Trends Economy Overview As of 2017 the region's popula on increased by 15.2% since 2012, growing by 126,915. Popula on is expected to increase by 10.3% between 2017 and 2022, adding 98,958. Timeframe Popula on , , , , , , , ,008, ,028, ,046, ,063,089 Emsi Q Data Set 4

7 Historic & Projected Trends - Cont. Job Trends Economy Overview From 2012 to 2017, jobs increased by 26.9% in Collin County, TX from 351,532 to 446,054. This change outpaced the na onal growth rate of 8.2% by 18.7%. Timeframe Jobs , , , , , , , , , , ,983 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 % February % March % April % Emsi Q Data Set 6

9 Historic & Projected Trends - Cont. Unemployment Rate Trends Collin County, TX had an April 2018 unemployment rate of 3.18%, decreasing from 5.53% 5 years before. Timeframe Unemployment Rate % % % % % January % February % March % April % Emsi Q Data Set 7

10 Popula on Characteris cs 171, , ,591 Millennials Re ring Soon Racial Diversity Collin County, TX has 171,841 millennials (ages 20-34). The na onal average for an area this size is 194,991. Re rement risk is low in Collin County, TX. The na onal average for an area this size is 263,758 people 55 or older, while there are 201,002 here. Racial diversity is about average in Collin County, TX. The na onal average for an area this size is 363,933 racially diverse people, while there are 389,591 here. 42, /1, /1,000 Veterans Violent Crime Property Crime Collin County, TX has 42,390 veterans. The na onal average for an area this size is 56,805. Collin County, TX has 1.25 violent crimes per 1,000 people. The na onal rate is 3.75 per 1,000 people. Collin County, TX 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 Collin County, TX currently works compared to where talent lives can help you op mize site decisions. For example, the #1 ranked ZIP for employment ranks #8 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 Plano, TX (in Collin cou 70, Plano, TX (in Collin cou 62, Plano, TX (in Collin cou 43, Plano, TX (in Collin cou 39, Mckinney, TX (in Collin 39, Mckinney, TX (in Collin 54, Allen, TX (in Collin cou 37, Frisco, TX (in Collin co 34, Dallas, TX (in Collin co 33, Wylie, TX (in Collin cou 31,281 Emsi Q Data Set 9

12 Industry Characteris cs Largest Industries Industry Jobs Na onal Average Government Retail Trade Health Care and Social Assistance Professional, Scien fic, and Technical Services Accommoda on and Food Services Finance and Insurance Administra ve and Support and Waste Management and Remedia on Services Manufacturing Other Services (except Public Administra on) Construc on Informa on Wholesale Trade Real Estate and Rental and Leasing Management of Companies and Enterprises Arts, Entertainment, and Recrea on Educa onal Services Transporta on and Warehousing Mining, Quarrying, and Oil and Gas Extrac on U li es Agriculture, Forestry, Fishing and Hun ng 0 10,000 20,000 30,000 40,000 50,000 60,000 Emsi Q Data Set 10

13 Industry Characteris cs - Cont. Top Growing Industries Industry Jobs Growth Health Care and Social Assistance Professional, Scien fic, and Technical Services Finance and Insurance Accommoda on and Food Services Government Retail Trade Construc on Other Services (except Public Administra on) d Support and Waste Management and Remedia on Services Real Estate and Rental and Leasing Manufacturing Wholesale Trade Transporta on and Warehousing Arts, Entertainment, and Recrea on Management of Companies and Enterprises Educa onal Services Informa on U li es Agriculture, Forestry, Fishing and Hun ng 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 Emsi Q Data Set 11

14 Industry Characteris cs - Cont. Top Industry LQ Industry LQ Finance and Insurance Informa on Management of Companies and Enterprises Professional, Scien fic, and Technical Services Real Estate and Rental and Leasing Retail Trade Other Services (except Public Administra on) Accommoda on and Food Services Arts, Entertainment, and Recrea on d Support and Waste Management and Remedia on Services Construc on Wholesale Trade Health Care and Social Assistance Government Mining, Quarrying, and Oil and Gas Extrac on Manufacturing Educa onal Services U li es Transporta on and Warehousing Agriculture, Forestry, Fishing and Hun ng Emsi Q Data Set 12

15 Industry Characteris cs - Cont. Top Industry GRP 2017 Gross Regional Product Finance and Insurance Manufacturing Professional, Scien fic, and Technical Services Informa on Wholesale Trade Retail Trade Health Care and Social Assistance Government Real Estate and Rental and Leasing Construc on Management of Companies and Enterprises d Support and Waste Management and Remedia on Services Accommoda on and Food Services Other Services (except Public Administra on) Mining, Quarrying, and Oil and Gas Extrac on Transporta on and Warehousing Arts, Entertainment, and Recrea on U li es Educa onal Services Agriculture, Forestry, Fishing and Hun ng $0.000 $2.000B $4.000B $6.000B $8.000B Emsi Q Data Set 13

16 Industry Characteris cs - Cont. Top Industry Earnings 2017 Earnings Per Worker Mining, Quarrying, and Oil and Gas Extrac on Management of Companies and Enterprises Informa on Manufacturing Wholesale Trade Finance and Insurance Professional, Scien fic, and Technical Services U li es Construc on Government Health Care and Social Assistance Real Estate and Rental and Leasing d Support and Waste Management and Remedia on Services Transporta on and Warehousing Arts, Entertainment, and Recrea on Retail Trade Agriculture, Forestry, Fishing and Hun ng Educa onal Services Other Services (except Public Administra on) Accommoda on and Food Services $0 $50,000 $100,000 $150,000 $200,000 Emsi Q Data Set 14

17 Industry Characteris cs - Cont. Industry 2012 Jobs 2017 Jobs Change in Jobs % Change in Jobs 2017 LQ 2017 Earnings Per Worker 2017 GRP Government 44,756 54,324 9, % 0.80 $62,863 $3.68B Retail Trade 43,611 51,699 8, % 1.13 $39,031 $3.93B Health Care and Social Assistance 34,779 49,555 14, % 0.88 $61,957 $3.75B Professional, Scien fic, and Technical Services Accommoda on and Food Services 32,026 44,242 12, % 1.54 $94,539 $6.08B 30,355 40,613 10, % 1.06 $24,085 $1.59B Finance and Insurance 25,060 35,536 10, % 1.99 $111,653 $9.85B Administra ve and Support and Waste Management and Remedia on Services 22,481 26,339 3, % 0.95 $58,068 $2.24B Manufacturing 22,421 25,336 2, % 0.72 $124,093 $7.19B Other Services (except Public Administra on) 19,069 22,995 3, % 1.08 $29,718 $1.04B Construc on 16,862 21,797 4, % 0.89 $73,283 $2.49B Informa on 15,551 16, % 1.95 $127,695 $5.49B Wholesale Trade 12,555 14,912 2, % 0.89 $115,228 $4.62B Real Estate and Rental and Leasing 7,764 10,742 2, % 1.43 $58,721 $2.79B Management of Companies and Enterprises Arts, Entertainment, and Recrea on 7,959 9,804 1, % 1.55 $167,229 $2.29B 6,097 7,991 1, % 1.04 $39,379 $509.63M Educa onal Services 4,627 5,841 1, % 0.51 $31,862 $234.68M Transporta on and Warehousing 2,866 5,073 2, % 0.32 $57,957 $548.36M Mining, Quarrying, and Oil and Gas Extrac on 1,662 1, % 0.73 $212,994 $691.61M U li es % 0.49 $84,041 $262.03M Emsi Q Data Set 15

18 Industry Characteris cs - Cont. Industry 2012 Jobs 2017 Jobs Change in Jobs % Change in Jobs 2017 LQ 2017 Earnings Per Worker 2017 GRP Agriculture, Forestry, Fishing and Hun ng % 0.12 $34,522 $125.06M Emsi Q Data Set 16

19 Business Characteris cs 57,631 Companies Employ Your Workers Online profiles for your workers men on 57,631 companies as employers, with the top 10 appearing below. In the last 12 months, 10,272 companies in Collin County, TX posted job pos ngs, with the top 10 appearing below. Top Companies Profiles Top Companies Pos ng Unique Pos ngs Bank of America Corpora on 1,439 AT&T Inc. 1,102 Plano Isd 1,025 Capital One Financial Corpora 993 Raytheon Company 832 J.C. Penney Corpora on, Inc. 784 Ericsson 726 Texas Instruments Incorporated 696 Frisco Isd 665 Hewle -Packard Company 652 N Data, Inc. 1,359 JPMorgan Chase & Co. 1,296 Raytheon Company 1,223 Ly, Inc. 1,199 CRST Interna onal, Inc. 1,108 Bank of America Corpora on 1,025 Capital One Financial Corpora 978 Baylor Sco & White Health 966 HCA Holdings, Inc. 964 J.C. Penney Corpora on, Inc. 891 Emsi Q Data Set 17

20 Business Characteris cs - Cont. Business Size Percentage Business Count A 1 to 4 employees 31.9% 8,958 A 5 to 9 employees 28.7% 8,064 A 10 to 19 employees 21.4% 6,016 A 20 to 49 employees 13.2% 3,697 A 50 to 99 employees 2.8% 777 A 100 to 249 employees 1.3% 378 A 250 to 499 employees 0.4% 101 A 500+ employees 0.2% 60 *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. In most cases, the Business Count will not match total companies with profiles on the summary tab. Emsi Q Data Set 18

21 Workforce Characteris cs Largest Occupa ons Occupa on Jobs Na onal Average Office and Administra ve Support Sales and Related Food Prepara on and Serving Related Educa on, Training, and Library Business and Financial Opera ons Computer and Mathema cal Healthcare Prac oners and Technical Management Transporta on and Material Moving Produc on Construc on and Extrac on Personal Care and Service Installa on, Maintenance, and Repair Building and Grounds Cleaning and Maintenance Healthcare Support Arts, Design, Entertainment, Sports, and Media Architecture and Engineering Protec ve Service Community and Social Service Legal Life, Physical, and Social Science Military-only Farming, Fishing, and Forestry 0 20,000 40,000 60,000 Emsi Q Data Set 19

22 Workforce Characteris cs - Cont. Top Growing Occupa ons Occupa on Jobs Growth Office and Administra ve Support Food Prepara on and Serving Related Sales and Related Business and Financial Opera ons Computer and Mathema cal Healthcare Prac oners and Technical Transporta on and Material Moving Management Educa on, Training, and Library Personal Care and Service Healthcare Support Construc on and Extrac on Produc on Installa on, Maintenance, and Repair Arts, Design, Entertainment, Sports, and Media Building and Grounds Cleaning and Maintenance Protec ve Service Architecture and Engineering Community and Social Service Legal Life, Physical, and Social Science Farming, Fishing, and Forestry Military-only 0 2,000 4,000 6,000 8,000 10,000 12,000 Emsi Q Data Set 20

23 Workforce Characteris cs - Cont. Top Occupa on LQ Occupa on LQ Computer and Mathema cal Sales and Related Business and Financial Opera ons Office and Administra ve Support Architecture and Engineering Educa on, Training, and Library Food Prepara on and Serving Related Arts, Design, Entertainment, Sports, and Media Healthcare Support Healthcare Prac oners and Technical Management Building and Grounds Cleaning and Maintenance Installa on, Maintenance, and Repair Personal Care and Service Construc on and Extrac on Legal Community and Social Service Transporta on and Material Moving Produc on Protec ve Service Life, Physical, and Social Science Military-only Farming, Fishing, and Forestry Emsi Q Data Set 21

24 Workforce Characteris cs - Cont. Top Occupa on Earnings 2017 Avg. Hourly Earnings Management Legal Architecture and Engineering Computer and Mathema cal Healthcare Prac oners and Technical Business and Financial Opera ons Life, Physical, and Social Science Community and Social Service Educa on, Training, and Library Protec ve Service Arts, Design, Entertainment, Sports, and Media Sales and Related Installa on, Maintenance, and Repair Construc on and Extrac on Office and Administra ve Support Produc on Transporta on and Material Moving Military-only Healthcare Support Building and Grounds Cleaning and Maintenance Farming, Fishing, and Forestry Food Prepara on and Serving Related Personal Care and Service $0.00 $10.00 $20.00 $30.00 $40.00 $50.00 Emsi Q Data Set 22

25 Workforce Characteris cs - Cont. Top Posted Occupa ons Unique Average Monthly Pos ngs Computer and Mathema cal Sales and Related Office and Administra ve Support Transporta on and Material Moving Management Business and Financial Opera ons Healthcare Prac oners and Technical Food Prepara on and Serving Related Installa on, Maintenance, and Repair Personal Care and Service Architecture and Engineering Educa on, Training, and Library Healthcare Support Arts, Design, Entertainment, Sports, and Media Building and Grounds Cleaning and Maintenance Produc on Protec ve Service Community and Social Service Construc on and Extrac on Legal Life, Physical, and Social Science Farming, Fishing, and Forestry Military-only 0 1,000 2,000 3,000 4,000 Emsi Q Data Set 23

26 Workforce Characteris cs - Cont. Occupa on 2012 Jobs 2017 Jobs Change in Jobs % Change in Jobs 2017 LQ 2017 Avg. Hourly Earnings Sep Aug 2018 Unique Average Monthly Pos ngs Office and Administra ve Support 62,080 75,590 13, % 1.15 $ ,613 Sales and Related 44,587 53,770 9, % 1.20 $ ,345 Food Prepara on and Serving Related Educa on, Training, and Library Business and Financial Opera ons Computer and Mathema cal Healthcare Prac oners and Technical 31,999 41,837 9, % 1.12 $ ,543 23,825 28,674 4, % 1.13 $ ,119 27,608 7, % 1.20 $ ,088 19,770 27,048 7, % 2.12 $ ,678 16,425 22,628 6, % 0.91 $ ,752 Management 17,090 22,280 5, % 0.90 $ ,391 Transporta on and Material Moving 15,546 20,873 5, % 0.70 $ ,571 Produc on 14,073 17,065 2, % 0.65 $ Construc on and Extrac on Personal Care and Service Installa on, Maintenance, and Repair Building and Grounds Cleaning and Maintenance 13,417 16,525 3, % 0.82 $ ,953 16,416 4, % 0.86 $ ,146 15,061 2, % 0.86 $ ,860 14,629 1, % 0.89 $ Healthcare Support 7,882 11,035 3, % 0.91 $ Arts, Design, Entertainment, Sports, and Media 6,722 8,807 2, % 1.08 $ Emsi Q Data Set 24

27 Workforce Characteris cs - Cont. Occupa on 2012 Jobs 2017 Jobs Change in Jobs % Change in Jobs 2017 LQ 2017 Avg. Hourly Earnings Sep Aug 2018 Unique Average Monthly Pos ngs Architecture and Engineering Protec ve Service Community and Social Service 7,149 8,544 1, % 1.14 $ ,863 6,258 1, % 0.62 $ ,002 5,288 1, % 0.72 $ Legal 2,307 2, % 0.77 $ Life, Physical, and Social Science 1,392 1, % 0.47 $ Military-only % 0.39 $ Farming, Fishing, and Forestry % 0.19 $ Emsi Q Data Set 25

28 Educa onal Pipeline In 2017, there were 3,534 graduates in Collin County, TX. This pipeline has grown by 44% over the last 5 years. The highest share of these graduates come from Liberal Arts and Sciences/Liberal Studies, General Studies, and "Cosmetology/Cosmetologist, General". School Collin County Community College District Total Graduates (2017) 3,407 Graduate Trend ( ) Toni & Guy Hairdressing Academy-Plano 127 Regency Beauty Ins tute-plano 0 Cer ficate Associate's Bachelor's Master's or Higher Emsi Q Data Set 26

29 Economic Overview Collin County, Texas September 21, 2018

30 DEMOGRAPHIC PROFILE... 3 EMPLOYMENT TRENDS... 5 UNEMPLOYMENT RATE... 5 WAGE TRENDS... 6 COST OF LIVING INDEX... 7 INDUSTRY SNAPSHOT... 8 OCCUPATION SNAPSHOT INDUSTRY CLUSTERS EDUCATION LEVELS GROSS DOMESTIC PRODUCT FAQ Source: JobsEQ, Copyright 2018 Chmura Economics & Analytics, All Rights Reserved. 2

31 Demographic Profile The population in Collin County, Texas was 886,633 per American Community Survey data for The region has a civilian labor force of 479,664 with a participation rate of 71.3%. Of individuals 25 to 64 in Collin County, Texas, 52.1% have a bachelor s degree or higher which compares with 31.8% in the nation. The median household income in Collin County, Texas is $86,188 and the median house value is $240,700. Demographics Summary 1 Percent Collin County, Texas Texas USA Value Collin County, Texas Texas USA Population (ACS) 886,633 26,956, ,558,162 Male 49.1% 49.6% 49.2% 435,186 13,379, ,765,322 Female 50.9% 50.4% 50.8% 451,447 13,577, ,792,840 Median Age Under 18 Years 27.2% 26.5% 23.1% 241,386 7,132,476 73,612, to 24 Years 8.0% 10.2% 9.8% 70,529 2,738,831 31,296, to 34 Years 12.9% 14.5% 13.6% 114,329 3,915,774 43,397, to 44 Years 16.4% 13.5% 12.7% 145,689 3,642,463 40,548, to 54 Years 15.3% 12.9% 13.6% 135,247 3,471,589 43,460, to 64 Years 10.5% 11.0% 12.6% 93,254 2,958,735 40,061, to 74 Years 6.2% 6.8% 8.3% 55,130 1,828,562 26,355, Years, and Over 3.5% 4.7% 6.2% 31,069 1,268,005 19,825,324 Race: White 72.0% 74.8% 73.3% 638,396 20,174, ,657,078 Race: Black or African American 9.2% 11.9% 12.6% 81,491 3,221,133 40,241,818 Race: American Indian and Alaska Native 0.4% 0.5% 0.8% 3, ,145 2,597,817 Race: Asian 13.0% 4.4% 5.2% 114,915 1,175,423 16,614,625 Race: Native Hawaiian and Other Pacific Islander 0.1% 0.1% 0.2% , ,021 Race: Some Other Race 2.2% 5.8% 4.8% 19,646 1,561,683 15,133,856 Race: Two or More Races 3.1% 2.5% 3.1% 27, ,400 9,752,947 Hispanic or Latino (of any race) 15.0% 38.6% 17.3% 132,845 10,413,150 55,199,107 Population Growth Population (Pop Estimates) 5 969,603 28,304, ,719,178 Population Annual Average Growth 5 3.1% 1.7% 0.8% 25, ,261 2,448,797 Economic Labor Force Participation Rate and Size (civilian population 16 years and over) 71.3% 64.5% 63.3% 479,664 13,219, ,807,099 Armed Forces Labor Force 0.1% 0.5% 0.4% ,754 1,011,641 Veterans, Age % 5.4% 5.1% 25, ,966 10,165,671 Veterans Labor Force Participation Rate and Size, Age % 77.5% 75.4% 21, ,733 7,664,089 Median Household Income 2 $86,188 $54,727 $55,322 Per Capita Income $39,933 $27,828 $29,829 Poverty Level (of all people) 7.1% 16.7% 15.1% 62,651 4,397,307 46,932,225 Households Receiving Food Stamps 3.7% 13.1% 13.0% 11,648 1,220,336 15,360,951 Mean Commute Time (minutes) Commute via Public Transportation 1.1% 1.5% 5.1% 5, ,919 7,476,312 Educational Attainment, Age Source: JobsEQ, Copyright 2018 Chmura Economics & Analytics, All Rights Reserved. 3

32 Summary 1 Percent Collin County, Texas Texas USA Value Collin County, Texas Texas USA No High School Diploma 5.8% 16.5% 11.6% 28,338 2,303,492 19,478,050 High School Graduate 14.2% 24.7% 26.1% 69,235 3,452,488 43,788,541 Some College, No Degree 20.0% 22.7% 21.5% 97,624 3,174,603 36,025,193 Associate's Degree 7.9% 7.3% 8.9% 38,616 1,015,736 14,962,488 Bachelor's Degree 33.8% 19.4% 20.2% 165,117 2,710,069 33,845,524 Postgraduate Degree 18.3% 9.5% 11.6% 89,589 1,332,173 19,368,719 Housing Total Housing Units 329,455 10,441, ,054,899 Median House Value (of owner-occupied units) 2 $240,700 $142,700 $184,700 Homeowner Vacancy 0.7% 1.6% 1.8% 1,402 94,289 1,395,797 Rental Vacancy 6.1% 7.6% 6.2% 6, ,244 2,855,844 Renter-Occupied Housing Units (% of Occupied Units) 33.9% 38.1% 36.4% 106,802 3,542,096 42,835,169 Occupied Housing Units with No Vehicle Available (% of Occupied Units) Social 2.7% 5.6% 9.0% 8, ,186 10,562,847 Enrolled in Grade 12 (% of total population) 1.5% 1.4% 1.4% 13, ,416 4,433,703 Disconnected Youth 4 1.5% 3.2% 2.8% , ,589 Children in Single Parent Families (% of all children) 20.8% 35.2% 34.7% 49,275 2,392,053 24,318,038 With a Disability, Age % 9.8% 10.3% 28,648 1,608,392 20,188,257 With a Disability, Age 18-64, Labor Force Participation Rate and Size 52.4% 44.2% 41.0% 15, ,611 8,278,834 Foreign Born 19.0% 16.7% 13.2% 168,441 4,494,345 42,194,354 Speak English Less Than Very Well (population 5 yrs and over) 9.1% 14.1% 8.5% 75,265 3,518,972 25,440,956 Union Membership Total 3 4.9% 4.3% 10.7% Private Sector 3 2.9% 2.3% 6.4% Manufacturing 3 4.7% 3.5% 8.7% Public Sector % 15.5% 35.1% Source: JobsEQ 1. American Community Survey , unless noted otherwise 2. Median values for certain aggregate regions (such as MSAs) may be estimated as the weighted averages of the median values from the composing counties ; Current Population Survey, unionstats.com, and Chmura; county- and zip-level data are best estimates based upon industry-, MSA-, and state-level data 4. Disconnected Youth are year olds who are (1) not in school, (2) not high school graduates, and (3) either unemployed or not in the labor force. 5. Census 2017, annual average growth rate since 2007 Source: JobsEQ, Copyright 2018 Chmura Economics & Analytics, All Rights Reserved. 4

33 Employment Trends As of 2018Q2, total employment for Collin County, Texas was 442,440 (based on a four-quarter moving average). Over the year ending 2018Q2, employment increased 3.5% in the region. Employment data are derived from the Quarterly Census of Employment and Wages, provided by the Bureau of Labor Statistics and imputed where necessary. Data are updated through 2017Q4 with preliminary estimates updated to 2018Q2. Unemployment Rate The seasonally adjusted unemployment rate for Collin County, Texas was 3.2% as of July The regional unemployment rate was lower than the national rate of 3.9%. One year earlier, in July 2017, the unemployment rate in Collin County, Texas was 3.3%. Unemployment rate data are from the Local Area Unemployment Statistics, provided by the Bureau of Labor Statistics and updated through July Source: JobsEQ, Copyright 2018 Chmura Economics & Analytics, All Rights Reserved. 5

34 Wage Trends The average worker in Collin County, Texas earned annual wages of $63,654 as of 2018Q2. Average annual wages per worker increased 2.2% in the region during the preceding four quarters. For comparison purposes, annual average wages were $55,223 in the nation as of 2018Q2. Annual average wages per worker data are derived from the Quarterly Census of Employment and Wages, provided by the Bureau of Labor Statistics and imputed where necessary. Data are updated through 2017Q4 with preliminary estimates updated to 2018Q2. Source: JobsEQ, Copyright 2018 Chmura Economics & Analytics, All Rights Reserved. 6

35 Cost of Living Index The Cost of Living Index estimates the relative price levels for consumer goods and services. When applied to wages and salaries, the result is a measure of relative purchasing power. The cost of living is 11.4% higher in Collin County, Texas than the U.S. average. Cost of Living Information Annual Average Salary Cost of Living Index (Base US) US Purchasing Power Collin County, Texas $63, $57,119 Texas $55, $58,438 USA $55, $55,223 Source: JobsEQ Data as of 2018Q2 Cost of Living per C2ER, data as of 2018q1, imputed by Chmura where necessary. Source: JobsEQ, Copyright 2018 Chmura Economics & Analytics, All Rights Reserved. 7

36 Industry Snapshot The largest sector in Collin County, Texas is Retail Trade, employing 52,690 workers. The next-largest sectors in the region are Health Care and Social Assistance (50,490 workers) and Professional, Scientific, and Technical Services (44,429). High location quotients (LQs) indicate sectors in which a region has high concentrations of employment compared to the national average. The sectors with the largest LQs in the region are Finance and Insurance (LQ = 2.11), Information (1.84), and Management of Companies and Enterprises (1.63). Employment data are derived from the Quarterly Census of Employment and Wages, provided by the Bureau of Labor Statistics and imputed where necessary. Data are updated through 2017Q4 with preliminary estimates updated to 2018Q2. Sectors in Collin County, Texas with the highest average wages per worker are Mining, Quarrying, and Oil and Gas Extraction ($175,829), Management of Companies and Enterprises ($137,701), and Manufacturing ($106,471). Regional sectors with the best job growth (or most moderate job losses) over the last 5 years are Health Care and Social Assistance (+14,264 jobs), Professional, Scientific, and Technical Services (+11,370), and Finance and Insurance (+11,354). Over the next 10 years, employment in Collin County, Texas is projected to expand by 128,570 jobs. The fastest growing sector in the region is expected to be Health Care and Social Assistance with a +3.7% year-over-year rate of growth. The strongest forecast by number of jobs over this period is expected for Health Care and Social Assistance (+21,776 jobs), Professional, Scientific, and Technical Services (+16,441), and Retail Trade (+12,506). Source: JobsEQ, Copyright 2018 Chmura Economics & Analytics, All Rights Reserved. 8

37 NAICS Industry Empl Agriculture, Forestry, Fishing and Hunting Mining, Quarrying, and Oil and Gas Extraction Current 5-Year History 10-Year Forecast Four Quarters Ending with 2018q2 Total Change Avg Ann % Chg in Empl Avg Ann Wages LQ Empl Region Separations (Approximate) Total New Demand Exits Transfers Empl ---Growth--- 1,249 $17, % 1, % 1,173 $175, % 1, % 22 Utilities 1,767 $62, % 2, , % 23 Construction 21,963 $70, , % 32,306 8,939 15,977 7, % 31 Manufacturing 25,933 $106, , % 31,368 10,516 17,953 2, % 42 Wholesale Trade 14,785 $102, , % 20,833 6,510 10,766 3, % 44 Retail Trade 52,690 $34, , % 90,524 34,443 43,575 12, % 48 Transportation and Warehousing 7,158 $48, , % 10,703 3,678 4,934 2, % 51 Information 16,085 $103, % 21,352 6,327 11,079 3, % 52 Finance and Insurance 36,944 $100, , % 51,470 15,195 24,618 11, % Real Estate and Rental and Leasing Professional, Scientific, and Technical Services Management of Companies and Enterprises Administrative and Support and Waste Management and Remediation Services 10,128 $60, , % 14,276 5,284 6,286 2, % 44,429 $90, , % 60,886 16,603 27,842 16, % 10,590 $137, , % 13,668 3,998 6,785 2, % 26,874 $54, , % 44,137 15,086 20,465 8, % 61 Educational Services 40,367 $47, , % 48,939 19,645 21,153 8, % Health Care and Social Assistance Arts, Entertainment, and Recreation Accommodation and Food Services Other Services (except Public Administration) 50,490 $53, , % 78,495 27,872 28,846 21, % 8,411 $37, , % 16,008 6,040 7,409 2, % 41,293 $22, , % 87,886 33,600 42,288 11, % 21,104 $33, , % 32,883 12,341 14,699 5, % 92 Public Administration 8,395 $69, , % 10,719 3,653 4,959 2, % 99 Unclassified 612 $54, % % Total - All Industries 442,440 $63, , % 676, , , , % Avg Ann Rate Source: JobsEQ Employment data are derived from the Quarterly Census of Employment and Wages, provided by the Bureau of Labor Statistics and imputed where necessary. Data are updated through 2017Q4 with preliminary estimates updated to 2018Q2. Forecast employment growth uses national projections adapted for regional growth patterns. Source: JobsEQ, Copyright 2018 Chmura Economics & Analytics, All Rights Reserved. 9

38 Occupation Snapshot The largest major occupation group in Collin County, Texas is Office and Administrative Support Occupations, employing 76,270 workers. The next-largest occupation groups in the region are Sales and Related Occupations (53,377 workers) and Food Preparation and Serving Related Occupations (41,187). High location quotients (LQs) indicate occupation groups in which a region has high concentrations of employment compared to the national average. The major groups with the largest LQs in the region are Computer and Mathematical Occupations (LQ = 2.08), Business and Financial Operations Occupations (1.21), and Architecture and Engineering Occupations (1.20). Occupation groups in Collin County, Texas with the highest average wages per worker are Management Occupations ($135,800), Legal Occupations ($114,300), and Computer and Mathematical Occupations ($93,700). The unemployment rate in the region varied among the major groups from 1.1% among Healthcare Practitioners and Technical Occupations to 8.0% among Farming, Fishing, and Forestry Occupations. Over the next 10 years, the fastest growing occupation group in Collin County, Texas is expected to be Healthcare Support Occupations with a +4.1% year-over-year rate of growth. The strongest forecast by number of jobs over this period is expected for Office and Administrative Support Occupations (+17,395 jobs) and Sales and Related Occupations (+13,612). Over the same period, the highest separation demand (occupation demand due to retirements and workers moving from one occupation to another) is expected in Office and Administrative Support Occupations (94,286 jobs) and Food Preparation and Serving Related Occupations (79,692). Occupation Snapshot in Collin County, Texas, 2018q2 Current 5-Year History 10-Year Forecast Avg Ann Four Quarters Ending with 2018q q Total Change % Chg in Empl --Separations-- ---Growth--- SOC Occupation Empl Avg Ann Wages 1 LQ Unempl Unempl Rate Online Job Ads 2 Empl Region Total New Demand Exits Transfer Empl Avg Ann Rate Management 25,124 $135, % 1,767 4, % 30,002 7,363 14,673 7, % Business and Financial Operations Computer and Mathematical Architecture and Engineering Life, Physical, and Social Science Community and Social Service 27,589 $82, % 1,808 6, % 36,963 9,174 18,513 9, % 26,933 $93, % 4,522 6, % 30,485 5,270 15,033 10, % 8,944 $93, % 401 1, % 9,514 2,520 4,583 2, % 1,961 $76, % % 2, , % 5,000 $54, % % 7,809 2,398 3,789 1, % Legal 2,837 $114, % % 2, , % Education, Training, and Library Arts, Design, Entertainment, Sports, and Media Healthcare Practitioners and Technical 27,755 $53, , % 610 3, % 32,154 13,027 12,780 6, % 7,862 $54, % 289 1, % 10,835 3,629 4,872 2, % 21,716 $84, % 1,251 5, % 21,468 6,615 6,416 8, % Healthcare Support 11,006 $33, % 486 3, % 20,222 7,279 7,550 5, % Protective Service 5,901 $50, % 194 1, % 8,825 3,513 3,740 1, % Food Preparation and Serving Related Building and Grounds Cleaning and Maintenance Personal Care and Service 41,187 $24, , % 2,573 9, % 91,915 35,706 43,986 12, % 13,797 $27, % 607 1, % 23,467 9,320 10,076 4, % 15,648 $25, % 873 3, % 32,634 13,782 12,824 6, % Source: JobsEQ, Copyright 2018 Chmura Economics & Analytics, All Rights Reserved. 10

39 Occupation Snapshot in Collin County, Texas, 2018q2 Current 5-Year History 10-Year Forecast Four Quarters Ending with Total Avg Ann % Chg in 2018q q Change Empl --Separations-- ---Growth--- SOC Occupation Empl Avg Ann Wages 1 LQ Unempl Unempl Rate Online Job Ads 2 Empl Region Total New Demand Exits Transfer Empl Avg Ann Rate Sales and Related 53,377 $44, , % 4,290 9, % 91,939 33,217 45,110 13, % Office and Administrative Support Farming, Fishing, and Forestry Construction and Extraction Installation, Maintenance, and Repair 76,270 $39, , % 2,805 16, % 111,681 42,982 51,304 17, % 467 $26, % % % 15,916 $43, , % 216 3, % 23,883 6,392 12,136 5, % 15,104 $46, % 751 3, % 20,418 5,950 10,283 4, % Production 17,230 $37, % 427 2, % 23,523 7,934 13,037 2, % Transportation and Material Moving 20,814 $34, , % 893 5, % 34,438 11,808 16,778 5, % Total - All Occupations 442,440 $53, n/a n/a 25,178 89, % 668, , , , % Source: JobsEQ Data as of 2018Q2 unless noted otherwise Note: Figures may not sum due to rounding. 1. Occupation wages are as of 2017 and should be taken as the average for all Covered Employment 2. Data represent found online ads active within the last thirty days in the selected region; data represents a sampling rather than the complete universe of postings. Ads lacking zip code information but designating a place (city, town, etc.) may be assigned to the zip code with greatest employment in that place for queries in this analytic. Due to alternative county-assignment algorithms, ad counts in this analytic may not match that shown in RTI (nor in the popup window ad list). Occupation employment data are estimated via industry employment data and the estimated industry/occupation mix. Industry employment data are derived from the Quarterly Census of Employment and Wages, provided by the Bureau of Labor Statistics and currently updated through 2017Q4, imputed where necessary with preliminary estimates updated to 2018Q2. Wages by occupation are as of 2017 provided by the BLS and imputed where necessary. Forecast employment growth uses national projections from the Bureau of Labor Statistics adapted for regional growth patterns. Source: JobsEQ, Copyright 2018 Chmura Economics & Analytics, All Rights Reserved. 11

40 Industry Clusters A cluster is a geographic concentration of interrelated industries or occupations. The industry cluster in Collin County, Texas with the highest relative concentration is Electric/Electronics Mfg. with a location quotient of This cluster employs 14,742 workers in the region with an average wage of $142,365. Employment in the Electric/Electronics Mfg. cluster is projected to expand in the region about 0.7% per year over the next ten years. Location quotient and average wage data are derived from the Quarterly Census of Employment and Wages, provided by the Bureau of Labor Statistics, imputed where necessary, and updated through 2017Q4 with preliminary estimates updated to 2018Q2. Forecast employment growth uses national projections from the Bureau of Labor Statistics adapted for regional growth patterns. Source: JobsEQ, Copyright 2018 Chmura Economics & Analytics, All Rights Reserved. 12

41 Education Levels Expected growth rates for occupations vary by the education and training required. While all employment in Collin County, Texas is projected to grow 2.6% over the next ten years, occupations typically requiring a postgraduate degree are expected to grow 3.1% per year, those requiring a bachelor s degree are forecast to grow 2.8% per year, and occupations typically needing a 2-year degree or certificate are expected to grow 3.0% per year. Employment by occupation data are estimates are as of 2018Q2. Education levels of occupations are based on BLS assignments. Forecast employment growth uses national projections from the Bureau of Labor Statistics adapted for regional growth patterns. Source: JobsEQ, Copyright 2018 Chmura Economics & Analytics, All Rights Reserved. 13

42 Gross Domestic Product Gross Domestic Product (GDP) is the total value of goods and services produced by a region. In 2017, nominal GDP in Collin County, Texas expanded 10.6%. This follows growth of 7.3% in As of 2017, total GDP in Collin County, Texas was $61,929,613,000. Gross Domestic Product data are provided by the Bureau of Economic Analysis, imputed by Chmura where necessary, updated through Of the sectors in Collin County, Texas, Manufacturing contributed the largest portion of GDP in 2017, $7,958,083,000 The next-largest contributions came from Finance and Insurance ($7,210,967,000); Real Estate and Rental and Leasing ($6,868,582,000); and Professional, Scientific, and Technical Services ($5,699,950,000). Gross Domestic Product data are provided by the Bureau of Economic Analysis, imputed by Chmura where necessary, updated through Source: JobsEQ, Copyright 2018 Chmura Economics & Analytics, All Rights Reserved. 14

43 FAQ What is a location quotient? A location quotient (LQ) is a measurement of concentration in comparison to the nation. An LQ of 1.00 indicates a region has the same concentration of an industry (or occupation) as the nation. An LQ of 2.00 would mean the region has twice the expected employment compared to the nation and an LQ of 0.50 would mean the region has half the expected employment in comparison to the nation. What is separation demand? Separation demand is the number of jobs required due to separations labor force exits (including retirements) and turnover resulting from workers moving from one occupation into another. Note that separation demand does not include all turnover it does not include when workers stay in the same occupation but switch employers. The total projected demand for an occupation is the sum of the separation demand and the growth demand (which is the increase or decrease of jobs in an occupation expected due to expansion or contraction of the overall number of jobs in that occupation). What is a cluster? A cluster is a geographic concentration of interrelated industries or occupations. If a regional cluster has a location quotient of 1.25 or greater, the region is considered to possess a competitive advantage in that cluster. What is the difference between industry wages and occupation wages? Industry wages and occupation wages are estimated via separate data sets, often the time periods being reported do not align, and wages are defined slightly differently in the two systems (for example, certain bonuses are included in the industry wages but not the occupation wages). It is therefore common that estimates of the average industry wages and average occupation wages in a region do not match exactly. What is NAICS? The North American Industry Classification System (NAICS) is used to classify business establishments according to the type of economic activity. The NAICS Code comprises six levels, from the all industry level to the 6-digit level. The first two digits define the top level category, known as the sector, which is the level examined in this report. What is SOC? The Standard Occupational Classification system (SOC) is used to classify workers into occupational categories. All workers are classified into one of over 820 occupations according to their occupational definition. To facilitate classification, occupations are combined to form 23 major groups, 96 minor groups, and 449 occupation groups. Each occupation group includes detailed occupations requiring similar job duties, skills, education, or experience. About This Report This report and all data herein were produced by JobsEQ, a product of Chmura Economics & Analytics. The information contained herein was obtained from sources we believe to be reliable. However, we cannot guarantee its accuracy and completeness. Source: JobsEQ, Copyright 2018 Chmura Economics & Analytics, All Rights Reserved. 15