Michigan Economic Development Corporation 300 N. Washington Square, Lower Level Lansing, Michigan 48913 888.522.0103 Economy Overview MEDC Region 5 East Central Michigan Economic Modeling Specialists International www.economicmodeling.com 1
Report Info Dataset Version Class of Worker Categories 2013.3 Class of Worker QCEW Employees + Non-QCEW Employees + Self-Employed + Extended Proprietors Timeframe 2012-2013 Dataset Category Region Name EMSI Complete MEDC Region 5 East Central Michigan Counties Arenac, MI (26011) Bay, MI (26017) Clare, MI (26035) Gladwin, MI (26051) Gratiot, MI (26057) Isabella, MI (26073) Midland, MI (26111) Saginaw, MI (26145) MEDC Region 5 East Central Michigan Population (2013) 572,351 Jobs (2013) 282,525 Average Earnings (2013) $42,007 Unemployed (5/2013) 23,725 Completions (2012) 14,462 GRP (2012) $18,644,061,358 Exports (2012) $28,569,383,827 Imports (2012) $29,821,545,471 Economic Modeling Specialists International www.economicmodeling.com 2
MEDC Region 5 East Central Michigan Population 572,351-1.2% 2013 Population Population Growth for the Last 5 Years 5.8% of State State Growth -1.3% Age Group 2013 Population % of Population Under 5 years 31,455 5.5% 5 to 9 years 33,159 5.8% 10 to 14 years 35,321 6.2% 15 to 19 years 40,685 7.1% 20 to 24 years 50,146 8.8% 25 to 29 years 33,429 5.8% 30 to 34 years 31,610 5.5% 35 to 39 years 29,990 5.2% 40 to 44 years 32,947 5.8% 45 to 49 years 37,768 6.6% 50 to 54 years 42,152 7.4% 55 to 59 years 41,476 7.2% 60 to 64 years 38,074 6.7% 65 to 69 years 29,699 5.2% 70 to 74 years 22,272 3.9% 75 to 79 years 16,536 2.9% 80 to 84 years 12,655 2.2% 85 years and over 12,977 2.3% Economic Modeling Specialists International www.economicmodeling.com 3
MEDC Region 5 East Central Michigan Jobs by Industry 282,525 50.3% 49.7% Total Jobs (2013) Male Female (National: 52.2%) (National: 47.8%) NAICS Industry 2013 Jobs 11 Agriculture, Forestry, Fishing and Hunting 7,728 21 Mining, Quarrying, and Oil and Gas Extraction 2,417 22 Utilities 1,307 23 Construction 13,510 31 Manufacturing 28,903 42 Wholesale Trade 5,576 44 Retail Trade 32,983 48 Transportation and Warehousing 5,734 51 Information 2,834 52 Finance and Insurance 10,564 53 Real Estate and Rental and Leasing 11,067 54 Professional, Scientific, and Technical Services 10,867 55 Management of Companies and Enterprises 4,077 56 Administrative and Support and Waste Management and Remediation Services 18,302 61 Educational Services (Private) 4,435 62 Health Care and Social Assistance 39,721 71 Arts, Entertainment, and Recreation 4,868 72 Accommodation and Food Services 22,970 81 Other Services (except Public Administration) 18,236 90 Government 36,161 99 Unclassified Industry 266 Economic Modeling Specialists International www.economicmodeling.com 4
MEDC Region 5 East Central Michigan Average Earnings by Industry $42,007 $51,412 $32,476 Avg. Earnings (2013) Male Avg. Earnings (2013) Female Avg. Earnings (2013) 82% of Nation Avg. 83% of Nation Avg. 81% of Nation Avg. NAICS Industry Avg. Earnings (2013) 11 Agriculture, Forestry, Fishing and Hunting $26,317 21 Mining, Quarrying, and Oil and Gas Extraction $43,545 22 Utilities $130,555 23 Construction $41,752 31 Manufacturing $77,989 42 Wholesale Trade $54,557 44 Retail Trade $25,120 48 Transportation and Warehousing $44,285 51 Information $50,798 52 Finance and Insurance $44,887 53 Real Estate and Rental and Leasing $19,991 54 Professional, Scientific, and Technical Services $53,378 55 Management of Companies and Enterprises $120,198 56 Administrative and Support and Waste Management and Remediation Services $34,589 61 Educational Services (Private) $24,218 62 Health Care and Social Assistance $44,767 71 Arts, Entertainment, and Recreation $13,719 72 Accommodation and Food Services $16,175 81 Other Services (except Public Administration) $18,358 90 Government $54,637 99 Unclassified Industry $25,904 Economic Modeling Specialists International www.economicmodeling.com 5
MEDC Region 5 East Central Michigan Unemployment by Industry 23,725 Total Unemployment (5/2013) NAICS Industry Unemployed (5/2013) % of Unemployed 11 21 Agriculture, Forestry, Fishing and Hunting Mining, Quarrying, and Oil and Gas Extraction 114 0% 62 0% 22 Utilities 58 0% 23 Construction 2,299 10% 31 Manufacturing 2,905 12% 42 Wholesale Trade 282 1% 44 Retail Trade 2,789 12% 48 Transportation and Warehousing 338 1% 51 Information 159 1% 52 Finance and Insurance 483 2% 53 54 55 56 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 221 1% 596 3% 132 1% 1,627 7% 61 Educational Services (Private) 227 1% 62 Health Care and Social Assistance 2,373 10% 71 Arts, Entertainment, and Recreation 319 1% 72 Accommodation and Food Services 2,248 9% 81 Other Services (except Public Administration) 985 4% 90 Government 1,540 6% 99 No Previous Work Experience/Unspecified 3,968 17% Economic Modeling Specialists International www.economicmodeling.com 6
MEDC Region 5 East Central Michigan Top Program Completions CIP Program Completions (2012) 52 51 Business, management, marketing, and related support services Health professions and related programs 4,277 1,940 13 Education 1,562 24 31 44 09 Liberal arts and sciences, general studies and humanities Parks, recreation, leisure, and fitness studies Public administration and social service professions Communication, journalism, and related programs 1,513 587 519 424 42 Psychology 387 45 Social sciences 355 43 Homeland security, law enforcement, firefighting and related protective services 283 Economic Modeling Specialists International www.economicmodeling.com 7
MEDC Region 5 East Central Michigan Gross Regional Product (GRP) $12,105,153,401 $5,042,066,117 $1,496,841,839 $18,644,061,358 Earnings (2012) Property Income (2012) Taxes on Production (2012) Total GRP (2012) NAICS Industry GRP (2012) % of Total 11 21 Agriculture, Forestry, Fishing and Hunting Mining, Quarrying, and Oil and Gas Extraction $312,442,449 2% $262,831,957 1% 22 Utilities $670,056,356 4% 23 Construction $627,985,557 3% 31 Manufacturing $3,513,754,972 19% 42 Wholesale Trade $589,515,958 3% 44 Retail Trade $1,376,691,517 7% 48 Transportation and Warehousing $353,932,321 2% 51 Information $415,681,254 2% 52 Finance and Insurance $903,712,895 5% 53 54 55 56 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 $851,629,120 5% $751,801,169 4% $650,268,000 3% $749,530,369 4% 61 Educational Services (Private) $133,219,262 1% 62 Health Care and Social Assistance $1,915,543,264 10% 71 Arts, Entertainment, and Recreation $106,950,173 1% 72 Accommodation and Food Services $574,347,455 3% 81 Other Services (except Public Administration) $376,020,936 2% 90 Government $2,229,994,951 12% Other non-industries $1,278,151,425 7% Economic Modeling Specialists International www.economicmodeling.com 8
MEDC Region 5 East Central Michigan Region Exports $28,569,383,827.06 Exports (2012) 67% of Supply NAICS Industry Exports (2012) 11 Agriculture, Forestry, Fishing and Hunting $874,321,986 21 Mining, Quarrying, and Oil and Gas Extraction $477,171,203 22 Utilities $472,618,347 23 Construction $503,226,061 31 Manufacturing $14,188,996,389 42 Wholesale Trade $585,631,933 44 Retail Trade $866,571,776 48 Transportation and Warehousing $390,827,501 51 Information $298,024,880 52 Finance and Insurance $584,402,053 53 Real Estate and Rental and Leasing $456,474,443 54 Professional, Scientific, and Technical Services $401,208,410 55 Management of Companies and Enterprises $822,435,617 56 Administrative and Support and Waste Management and Remediation Services $712,184,386 61 Educational Services (Private) $60,656,713 62 Health Care and Social Assistance $1,339,051,997 71 Arts, Entertainment, and Recreation $73,692,883 72 Accommodation and Food Services $399,779,650 81 Other Services (except Public Administration) $220,163,925 90 Government $4,841,943,674 Economic Modeling Specialists International www.economicmodeling.com 9
MEDC Region 5 East Central Michigan Region Imports $29,821,545,471 $14,143,283,613 Imports (2012) Locally Produced & Consumed (2012) 68% of Demand 32% of Demand NAICS Industry Imports (2012) 11 Agriculture, Forestry, Fishing and Hunting $433,862,209 21 Mining, Quarrying, and Oil and Gas Extraction $554,497,278 22 Utilities $345,057,827 23 Construction $602,489,609 31 Manufacturing $9,113,659,158 42 Wholesale Trade $1,583,116,893 44 Retail Trade $818,101,719 48 Transportation and Warehousing $903,315,710 51 Information $954,911,399 52 Finance and Insurance $1,864,607,656 53 Real Estate and Rental and Leasing $1,198,827,253 54 Professional, Scientific, and Technical Services $1,318,785,731 55 Management of Companies and Enterprises $550,177,458 56 Administrative and Support and Waste Management and Remediation Services $411,926,259 61 Educational Services (Private) $255,795,926 62 Health Care and Social Assistance $824,313,820 71 Arts, Entertainment, and Recreation $210,558,009 72 Accommodation and Food Services $439,107,607 81 Other Services (except Public Administration) $326,323,131 90 Government $7,112,110,817 Economic Modeling Specialists International www.economicmodeling.com 10
Regional Trends Region 2012 Jobs 2013 Jobs % Change MEDC Region 5 East Central Michigan 281,426 282,525 0.4% Michigan 5,260,051 5,330,412 1.3% Economic Modeling Specialists International www.economicmodeling.com 11
2013 Educational Attainment Economic Modeling Specialists International www.economicmodeling.com 12
Largest Openings/Completions Gaps Occupation Related Completions (2012) Annual Openings (2013) Securities, Commodities, and Financial Services Sales Agents (41-3031) 18 74 Industrial Engineers (17-2112) 8 31 Pharmacists (29-1051) 0 21 Healthcare Social Workers (21-1022) 0 20 Sales Representatives, Wholesale and Manufacturing, Technical and Scientific Products (41-4011) 4 22 Economic Modeling Specialists International www.economicmodeling.com 13
2013 Age Demographics Economic Modeling Specialists International www.economicmodeling.com 14
Growing/Declining Occupations Occupation Change in Jobs (2012-2013) Combined Food Preparation and Serving Workers, Including Fast Food (35-3021) 452 Home Health Aides (31-1011) 172 Real Estate Sales Agents (41-9022) 122 Janitors and Cleaners, Except Maids and Housekeeping Cleaners (37-2011) -72 Substitute Teachers (25-3098) -72 Childcare Workers (39-9011) -239 Economic Modeling Specialists International www.economicmodeling.com 15
2013 Race Demographics Economic Modeling Specialists International www.economicmodeling.com 16
Growing/Declining Industries Industry Change in Jobs (2012-2013) Limited-Service Restaurants (722211) 679 Temporary Help Services (561320) 406 Plastics Material and Resin Manufacturing (325211) 296 Child Day Care Services (624410) -276 Elementary and Secondary Schools (Local Government) (903611) -280 Corporate, Subsidiary, and Regional Managing Offices (551114) -360 Economic Modeling Specialists International www.economicmodeling.com 17
Data Sources and Calculations Input-Output Data The input-output model in this report is created using the national Input-Output matrix provided by the federal Bureau of Economic Analysis. This is combined with the national Total Gross Output, the regional Total Gross Output, the land area of the subject region, regional DIRT data and regional in/out commuter patterns in order to calculate regional requirements, imports and exports. After using matrix algebra to calculate the regional multiplier, the resulting matrix is multiplied by the sales vector and converted back to jobs or earnings. Specifically, this data comes from the U.S. Department of Commerce, Bureau of Economic Analysis, Industry Economic Accounts: Benchmark & Annual Input-Output (I-O) Accounts. Institution Data The institution data in this report is taken directly from the national IPEDS database published by the U.S. Department of Education's National Center for Education Statistics. Completers Data The completers data in this report is taken directly from the national IPEDS database published by the U.S. Department of Education's National Center for Education Statistics. Unemployment Data The unemployment data in this report comes from the Bureau of Labor Statistics' Local Area Unemployment Statistics and is updated every two months. State Data Sources This report uses state data from the following agencies: Michigan Department of Labor and Economic Growth, Bureau of Labor Market Information and Strategic Initiatives Educational Attainment Data EMSI's educational attainment numbers are based on Census 1990, Census 2000, the Current Population Survey, and EMSI's demographic data. By combining these sources, EMSI interpolates for missing years and projects data at the county level. Educational attainment data cover only the population aged 25 years or more and indicate the highest level achieved. Economic Modeling Specialists International www.economicmodeling.com 18