Superior Trade Zone Lake Superior Community Partnership 501 S. Front Street Marque e, Michigan 49855 Emsi Q3 2018 Data Set www.economicmodeling.com
Contents. Economy........ Overview......................................................................................... 1... Historic.......&.. Projected......... Trends............................................................................... 4... Popula on......... Characteris cs........................................................................................ 8... Industry....... Characteris cs......................................................................................... 10... Business......... Characteris cs........................................................................................ 17... Workforce........... Characteris cs...................................................................................... 19... Educa onal........... Pipeline...................................................................................... 26... Emsi Q3 2018 Data Set www.economicmodeling.com
Economy Overview 102,559 43,809 $48.9K Popula on (2017) Jobs (2017) Avg. Earnings Per Job (2017) Popula on decreased by 2,084 over the last 5 years and is projected to decrease by 1,478 over the next 5 years. Jobs decreased by 724 over the last 5 years but are projected to grow by 613 over the next 5 years. Regional average earnings per job are $15.3K below the na onal average earnings of $64.2K per job. As of 2017 the region's popula on declined by 2.0% since 2012, falling by 2,084. Popula on is expected to decrease by 1.4% between 2017 and 2022, losing 1,478. From 2012 to 2017, jobs declined by 1.6% in Superior Trade Zone from 44,533 to 43,809. This change fell short of the na onal growth rate of 8.2% by 9.8%. As the number of jobs declined, the labor force par cipa on rate decreased from 57.8% to 57.2% between 2012 and 2017. Concerning educa onal a ainment, 17.6% of the selected regions' residents possess a Bachelor's Degree (0.8% below the na onal average), and 9.7% hold an Associate's Degree (1.8% above the na onal average). The top three industries in 2017 are Restaurants and Other Ea ng Places, General Medical and Surgical Hospitals, and Local Government, Excluding Educa on and Hospitals. Emsi Q3 2018 Data Set www.economicmodeling.com 1
Economy Overview - Cont. Popula on (2017) Labor Force (2017) Jobs (2017) Cost of Living GRP Imports Exports Region 102,559 49,508 43,809 91.3 $4.02B $4.95B $4.92B State 9,934,360 4,875,551 4,692,346 91.3 $506.59B $431.87B $494.25B Emsi Q3 2018 Data Set www.economicmodeling.com 2
Economy Overview - Cont. 2017 Labor Force Breakdown Popula on A Total Working Age Popula on 86,601 A Not in Labor Force (15+) 37,093 102,559 Popula on A Labor Force 49,508 A Employed 46,516 A Unemployed 2,992 A Under 15 15,958 Educa onal A ainment Concerning educa onal a ainment, 17.6% of the selected regions' residents possess a Bachelor's Degree (0.8% below the na onal average), and 9.7% hold an Associate's Degree (1.8% above the na onal average). % of Popula on Popula on A Less Than 9th Grade 2.1% 1,521 A 9th Grade to 12th Grade 4.9% 3,508 A High School Diploma 33.7% 23,898 A Some College 23.2% 16,456 A Associate's Degree 9.7% 6,865 A Bachelor's Degree 17.6% 12,484 A Graduate Degree and Higher 8.7% 6,201 Emsi Q3 2018 Data Set www.economicmodeling.com 3
Historic & Projected Trends Popula on Trends Economy Overview As of 2017 the region's popula on declined by 2.0% since 2012, falling by 2,084. Popula on is expected to decrease by 1.4% between 2017 and 2022, losing 1,478. Timeframe Popula on 2012 104,642 2013 104,596 2014 104,323 2015 103,701 2016 102,630 2017 102,559 2018 102,212 2019 101,896 2020 101,602 2021 101,329 2022 101,080 Emsi Q3 2018 Data Set www.economicmodeling.com 4
Historic & Projected Trends - Cont. Job Trends Economy Overview From 2012 to 2017, jobs declined by 1.6% in Superior Trade Zone from 44,533 to 43,809. This change fell short of the na onal growth rate of 8.2% by 9.8%. Timeframe Jobs 2012 44,533 2013 44,724 2014 44,117 2015 43,781 2016 43,777 2017 43,809 2018 44,004 2019 44,157 2020 44,279 2021 44,383 2022 44,422 Emsi Q3 2018 Data Set www.economicmodeling.com 5
Historic & Projected Trends - Cont. Labor Force Par cipa on Rate Trends Timeframe Labor Force Par cipa on Rate 2013 58.24% 2014 58.07% 2015 57.65% 2016 58.12% 2017 57.55% January 2018 56.57% February 2018 58.32% March 2018 58.15% April 2018 58.20% Emsi Q3 2018 Data Set www.economicmodeling.com 6
Historic & Projected Trends - Cont. Unemployment Rate Trends Your areas had an April 2018 unemployment rate of 5.89%, decreasing from 8.88% 5 years before. Timeframe Unemployment Rate 2013 8.88% 2014 7.50% 2015 6.26% 2016 5.99% 2017 5.95% January 2018 6.98% February 2018 7.52% March 2018 6.68% April 2018 5.89% Emsi Q3 2018 Data Set www.economicmodeling.com 7
Popula on Characteris cs 20,680 20,076 7,641 Millennials Re ring Soon Racial Diversity Your area has 20,680 millennials (ages 20-34). The na onal average for an area this size is 21,299. Re rement risk is high in your area. The na onal average for an area this size is 15,641 people 65 or older, while there are 20,076 here. Racial diversity is low in your area. The na onal average for an area this size is 39,752 racially diverse people, while there are 7,641 here. 9,634 2.27/1,000 15.28/1,000 Veterans Violent Crime Property Crime Your area has 9,634 veterans. The na onal average for an area this size is 6,205. Your area has 2.27 violent crimes per 1,000 people. The na onal rate is 3.75 per 1,000 people. Your area has 15.28 property crimes per 1,000 people. The na onal rate is 24.22 per 1,000 people. Emsi Q3 2018 Data Set www.economicmodeling.com 8
Popula on Characteris cs - Cont. Place of Work vs Place of Residence Understanding where talent in the region currently works compared to where talent lives can help you op mize site decisions. High Inbound Commuters High Outbound Commuters Where Talent Works Where Talent Lives ZIP Name 2017 Employment ZIP Name 2017 Workers 49855 Marque e, MI (in Marq 19,865 49829 Escanaba, MI (in Delta 10,960 49849 Ishpeming, MI (in Marq 3,716 49837 Gladstone, MI (in Delta 2,249 49866 Negaunee, MI (in Marq 2,141 49855 Marque e, MI (in Marq 14,352 49829 Escanaba, MI (in Delta 7,345 49849 Ishpeming, MI (in Marq 5,435 49866 Negaunee, MI (in Marq 4,019 49837 Gladstone, MI (in Delta 4,001 Emsi Q3 2018 Data Set www.economicmodeling.com 9
Industry Characteris cs Largest Industries Industry Jobs Na onal Average Government Health Care and Social Assistance Retail Trade Accommoda on and Food Services Manufacturing Other Services (except Public Administra on) Construc on Transporta on and Warehousing Finance and Insurance Professional, Scien fic, and Technical Services Administra ve and Support and Waste Management and Remedia on Services Mining, Quarrying, and Oil and Gas Extrac on Wholesale Trade Arts, Entertainment, and Recrea on Informa on Real Estate and Rental and Leasing Agriculture, Forestry, Fishing and Hun ng Management of Companies and Enterprises Educa onal Services U li es 0 2,000 4,000 6,000 Emsi Q3 2018 Data Set www.economicmodeling.com 10
Industry Characteris cs - Cont. Top Growing Industries Industry Jobs Growth Transporta on and Warehousing Management of Companies and Enterprises Construc on Accommoda on and Food Services Arts, Entertainment, and Recrea on d Support and Waste Management and Remedia on Services Educa onal Services 0 50 100 150 200 250 300 Emsi Q3 2018 Data Set www.economicmodeling.com 11
Industry Characteris cs - Cont. Top Industry LQ Industry LQ Mining, Quarrying, and Oil and Gas Extrac on Health Care and Social Assistance U li es Retail Trade Accommoda on and Food Services Other Services (except Public Administra on) Government Construc on Transporta on and Warehousing Manufacturing Arts, Entertainment, and Recrea on Informa on Finance and Insurance Agriculture, Forestry, Fishing and Hun ng Real Estate and Rental and Leasing Management of Companies and Enterprises Wholesale Trade Professional, Scien fic, and Technical Services d Support and Waste Management and Remedia on Services Educa onal Services 0.00 1.00 2.00 3.00 4.00 5.00 6.00 Emsi Q3 2018 Data Set www.economicmodeling.com 12
Industry Characteris cs - Cont. Top Industry GRP 2017 Gross Regional Product Government Mining, Quarrying, and Oil and Gas Extrac on Health Care and Social Assistance Manufacturing Retail Trade Construc on Finance and Insurance Transporta on and Warehousing Accommoda on and Food Services Wholesale Trade Professional, Scien fic, and Technical Services Real Estate and Rental and Leasing Informa on Other Services (except Public Administra on) U li es Agriculture, Forestry, Fishing and Hun ng d Support and Waste Management and Remedia on Services Management of Companies and Enterprises Arts, Entertainment, and Recrea on Educa onal Services $0.000 $100.0M $200.0M $300.0M $400.0M $500.0M Emsi Q3 2018 Data Set www.economicmodeling.com 13
Industry Characteris cs - Cont. Top Industry Earnings 2017 Earnings Per Worker U li es Mining, Quarrying, and Oil and Gas Extrac on Management of Companies and Enterprises Manufacturing Government Transporta on and Warehousing Wholesale Trade Finance and Insurance Health Care and Social Assistance Construc on Professional, Scien fic, and Technical Services Informa on Agriculture, Forestry, Fishing and Hun ng Real Estate and Rental and Leasing Retail Trade d Support and Waste Management and Remedia on Services Educa onal Services Other Services (except Public Administra on) Arts, Entertainment, and Recrea on Accommoda on and Food Services $0 $20,000 $40,000 $60,000 $80,000 $100,000 $120,000 Emsi Q3 2018 Data Set www.economicmodeling.com 14
Industry Characteris cs - Cont. Industry 2012 Jobs 2017 Jobs Change in Jobs % Change in Jobs 2017 LQ 2017 Earnings Per Worker 2017 GRP Government 7,803 7,632-171 -2% 1.15 $64,128 $543.98M Health Care and Social Assistance 7,606 7,454-152 -2% 1.35 $54,532 $458.56M Retail Trade 5,903 5,883-20 0% 1.31 $28,928 $301.28M Accommoda on and Food Services 4,423 4,523 100 +2% 1.20 $17,326 $128.18M Manufacturing 3,152 3,050-102 -3% 0.89 $71,468 $423.71M Other Services (except Public Administra on) 2,517 2,472-45 -2% 1.18 $25,040 $91.47M Construc on 2,361 2,461 100 +4% 1.03 $51,013 $191.36M Transporta on and Warehousing 1,173 1,488 315 +27% 0.97 $63,975 $173.83M Finance and Insurance 1,449 1,364-85 -6% 0.78 $58,518 $175.94M Professional, Scien fic, and Technical Services Administra ve and Support and Waste Management and Remedia on Services Mining, Quarrying, and Oil and Gas Extrac on 1,551 1,355-196 -13% 0.48 $50,254 $106.42M 1,180 1,194 14 +1% 0.44 $27,549 $45.51M 1,587 1,157-430 -27% 6.67 $119,343 $525.27M Wholesale Trade 868 796-72 -8% 0.48 $59,188 $116.68M Arts, Entertainment, and Recrea on 577 659 82 +14% 0.88 $17,755 $17.58M Informa on 772 648-124 -16% 0.80 $44,094 $94.78M Emsi Q3 2018 Data Set www.economicmodeling.com 15
Industry Characteris cs - Cont. Industry 2012 Jobs 2017 Jobs Change in Jobs % Change in Jobs 2017 LQ 2017 Earnings Per Worker 2017 GRP Real Estate and Rental and Leasing Agriculture, Forestry, Fishing and Hun ng Management of Companies and Enterprises 492 459-33 -7% 0.62 $36,602 $103.76M 379 347-32 -8% 0.66 $41,214 $47.34M 84 329 245 +292% 0.53 $74,647 $28.57M Educa onal Services 306 310 4 +1% 0.27 $25,778 $9.79M U li es 311 201-110 -35% 1.32 $127,916 $86.59M Emsi Q3 2018 Data Set www.economicmodeling.com 16
Business Characteris cs 1,246 Companies Employ Your Workers Online profiles for your workers men on 1,246 companies as employers, with the top 10 appearing below. In the last 12 months, 1,931 companies in your area posted job pos ngs, with the top 10 appearing below. Top Companies Profiles Top Companies Pos ng Unique Pos ngs Northern Michigan University 71 Marque e General Hospital, Inc. 27 University of Arkansas For Med 12 Cliffs Natural Resources Inc. 11 State Farm Insurance 10 Wal-Mart Stores, Inc. 10 Up Health Systems 9 St. Francis Hospital, Inc. 8 Txc Technology, Inc. 8 Newpage Corpora on 7 Lifepoint Health, Inc. 448 C.R. England, Inc. 264 Barr-Nunn Transporta on, Inc. 186 Osf Healthcare 186 Shopko Stores Opera ng Co., L 158 Lifepoint, Inc. 152 State of Michigan 139 Michigan Works Service Cente 115 Meijer, Inc. 110 Northern Michigan University 103 Emsi Q3 2018 Data Set www.economicmodeling.com 17
Business Characteris cs - Cont. Business Size Percentage Business Count A 1 to 4 employees 46.2% 2,136 A 5 to 9 employees 23.8% 1,099 A 10 to 19 employees 15.6% 722 A 20 to 49 employees 10.2% 470 A 50 to 99 employees 2.8% 129 A 100 to 249 employees 0.9% 40 A 250 to 499 employees 0.3% 16 A 500+ employees 0.3% 13 *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 Q3 2018 Data Set www.economicmodeling.com 18
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 Healthcare Prac oners and Technical Transporta on and Material Moving Produc on Educa on, Training, and Library Installa on, Maintenance, and Repair Construc on and Extrac on Management Building and Grounds Cleaning and Maintenance Healthcare Support Personal Care and Service Business and Financial Opera ons Protec ve Service Community and Social Service Arts, Design, Entertainment, Sports, and Media Architecture and Engineering Computer and Mathema cal Life, Physical, and Social Science Farming, Fishing, and Forestry Legal Military-only 0 1,000 2,000 3,000 4,000 5,000 6,000 Emsi Q3 2018 Data Set www.economicmodeling.com 19
Workforce Characteris cs - Cont. Top Growing Occupa ons Occupa on Jobs Growth Transporta on and Material Moving Personal Care and Service Management Educa on, Training, and Library Community and Social Service Food Prepara on and Serving Related Business and Financial Opera ons Computer and Mathema cal 0 20 40 60 80 100 120 Emsi Q3 2018 Data Set www.economicmodeling.com 20
Workforce Characteris cs - Cont. Top Occupa on LQ Occupa on LQ Healthcare Support Healthcare Prac oners and Technical Community and Social Service Installa on, Maintenance, and Repair Food Prepara on and Serving Related Sales and Related Construc on and Extrac on Protec ve Service Building and Grounds Cleaning and Maintenance Office and Administra ve Support Produc on Life, Physical, and Social Science Transporta on and Material Moving Educa on, Training, and Library Arts, Design, Entertainment, Sports, and Media Personal Care and Service Farming, Fishing, and Forestry Management Business and Financial Opera ons Architecture and Engineering Legal Military-only Computer and Mathema cal 0.00 0.20 0.40 0.60 0.80 1.00 1.20 1.40 Emsi Q3 2018 Data Set www.economicmodeling.com 21
Workforce Characteris cs - Cont. Top Occupa on Earnings 2017 Avg. Hourly Earnings Management Healthcare Prac oners and Technical Architecture and Engineering Legal Life, Physical, and Social Science Business and Financial Opera ons Computer and Mathema cal Educa on, Training, and Library Protec ve Service Community and Social Service Produc on Installa on, Maintenance, and Repair Construc on and Extrac on Military-only Arts, Design, Entertainment, Sports, and Media Transporta on and Material Moving Office and Administra ve Support Sales and Related Healthcare Support Farming, Fishing, and Forestry Personal Care and Service Building and Grounds Cleaning and Maintenance Food Prepara on and Serving Related $0.00 $10.00 $20.00 $30.00 Emsi Q3 2018 Data Set www.economicmodeling.com 22
Workforce Characteris cs - Cont. Top Posted Occupa ons Unique Average Monthly Pos ngs Healthcare Prac oners and Technical Sales and Related Transporta on and Material Moving Office and Administra ve Support Food Prepara on and Serving Related Management Installa on, Maintenance, and Repair Produc on Personal Care and Service Educa on, Training, and Library Healthcare Support Building and Grounds Cleaning and Maintenance Community and Social Service Construc on and Extrac on Business and Financial Opera ons Arts, Design, Entertainment, Sports, and Media Architecture and Engineering Protec ve Service Computer and Mathema cal Life, Physical, and Social Science Legal 0 100 200 300 400 Emsi Q3 2018 Data Set www.economicmodeling.com 23
Workforce Characteris cs - Cont. Occupa on 2012 Jobs 2017 Jobs Change in Jobs % Change in Jobs 2017 LQ 2017 Avg. Hourly Earnings Jul 2017 - Jun 2018 Unique Average Monthly Pos ngs Office and Administra ve Support 6,677 6,457-220 -3% 1.00 $16.49 234 Sales and Related 5,103 4,967-136 -3% 1.13 $15.19 383 Food Prepara on and Serving Related Healthcare Prac oners and Technical Transporta on and Material Moving 4,347 4,371 24 +1% 1.19 $11.67 150 3,385 3,309-76 -2% 1.36 $34.91 479 2,669 2,803 134 +5% 0.96 $16.61 338 Produc on 2,767 2,549-218 -8% 1.00 $21.89 78 Educa on, Training, and Library Installa on, Maintenance, and Repair Construc on and Extrac on 2,246 2,304 58 +3% 0.92 $22.74 70 2,310 2,238-72 -3% 1.30 $21.53 82 2,324 2,196-128 -6% 1.11 $20.52 51 Management 1,771 1,845 74 +4% 0.76 $39.76 116 Building and Grounds Cleaning and Maintenance 1,859 1,709-150 -8% 1.06 $12.27 59 Healthcare Support 1,697 1,665-32 -2% 1.40 $15.13 66 Personal Care and Service Business and Financial Opera ons 1,501 1,579 78 +5% 0.84 $12.53 77 1,363 1,380 17 +1% 0.61 $27.82 51 Protec ve Service 1,059 1,053-6 -1% 1.06 $22.24 31 Emsi Q3 2018 Data Set www.economicmodeling.com 24
Workforce Characteris cs - Cont. Occupa on 2012 Jobs 2017 Jobs Change in Jobs % Change in Jobs 2017 LQ 2017 Avg. Hourly Earnings Jul 2017 - Jun 2018 Unique Average Monthly Pos ngs Community and Social Service Arts, Design, Entertainment, Sports, and Media Architecture and Engineering Computer and Mathema cal Life, Physical, and Social Science Farming, Fishing, and Forestry 939 963 24 +3% 1.33 $22.20 55 762 729-33 -4% 0.91 $18.17 41 466 438-28 -6% 0.60 $34.55 38 373 383 10 +3% 0.31 $27.04 31 365 348-17 -5% 0.99 $30.08 16 259 256-3 -1% 0.77 $13.77 1 Legal 207 191-16 -8% 0.53 $31.15 2 Military-only 86 76-10 -12% 0.33 $20.28 0 Emsi Q3 2018 Data Set www.economicmodeling.com 25
Educa onal Pipeline In 2017, there were 2,196 graduates in Superior Trade Zone. This pipeline has shrunk by 7% over the last 5 years. The highest share of these graduates come from "Art/Art Studies, General", Nursing Administra on, and Liberal Arts and Sciences/Liberal Studies. School Total Graduates (2017) Graduate Trend (2013-2017) Northern Michigan University 1,793 Bay de Noc Community College 403 Paul Mitchell the School-Escanaba 0 Cer ficate Associate's Bachelor's Master's or Higher Emsi Q3 2018 Data Set www.economicmodeling.com 26