Miller County, MO Michele Kroll, Community Development Specialist, krollm@missouri.edu Emsi Q1 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........................................................................................ 16... Workforce........... Characteris cs...................................................................................... 18... Educa onal........... Pipeline...................................................................................... 25... Emsi Q1 2018 Data Set www.economicmodeling.com
Economy Overview 25,284 8,055 $40.1K Popula on (2017) Jobs (2017) Median Household Income (2016) Popula on grew by 569 over the last 5 years and is projected to grow by 328 over the next 5 years. Jobs grew by 1,087 over the last 5 years and are projected to grow by 675 over the next 5 years. Median household income is $15.3K below the na onal median household income of $55.3K. As of 2017 the region's popula on increased by 2.3% since 2012, growing by 569. Popula on is expected to increase by 1.3% between 2017 and 2022, adding 328. From 2012 to 2017, jobs increased by 15.6% in Miller County, MO from 6,968 to 8,055. This change outpaced the na onal growth rate of 7.6% by 8.0%. As the number of jobs increased, the labor force par cipa on rate increased from 56.7% to 57.2% between 2012 and 2017. Concerning educa onal a ainment, 10.6% of Miller County, MO residents possess a Bachelor's Degree (7.8% below the na onal average), and 5.3% hold an Associate's Degree (2.6% below the na onal average). The top three industries in 2017 are Educa on and Hospitals (Local Government), Local Government, Excluding Educa on and Hospitals, and Restaurants and Other Ea ng Places. Emsi Q1 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 25,284 11,655 8,055 89.8 $550.34M $1.07B $713.84M Laclede County, MO 35,530 16,204 15,234 90.5 $1.05B $1.85B $1.67B Missouri 6,112,831 3,021,924 3,104,042 92.8 $283.94B $274.39B $336.62B Camden County, MO 44,686 17,909 18,673 92.6 $1.24B $1.76B $1.16B Morgan County, MO 20,191 7,555 5,205 93.3 $392.83M $853.30M $451.03M Emsi Q1 2018 Data Set www.economicmodeling.com 2
Economy Overview - Cont. 2017 Labor Force Breakdown Popula on A Total Working Age Popula on 20,392 A Not in Labor Force (15+) 8,737 25,284 Popula on A Labor Force 11,655 A Employed 11,201 A Unemployed 454 A Under 15 4,892 Educa onal A ainment Concerning educa onal a ainment, 10.6% of Miller County, MO residents possess a Bachelor's Degree (7.8% below the na onal average), and 5.3% hold an Associate's Degree (2.6% below the na onal average). % of Popula on Popula on A Less Than 9th Grade 4.8% 842 A 9th Grade to 12th Grade 8.0% 1,404 A High School Diploma 43.8% 7,653 A Some College 22.1% 3,857 A Associate's Degree 5.3% 933 A Bachelor's Degree 10.6% 1,851 A Graduate Degree and Higher 5.3% 919 Emsi Q1 2018 Data Set www.economicmodeling.com 3
Historic & Projected Trends Popula on Trends Economy Overview As of 2017 the region's popula on increased by 2.3% since 2012, growing by 569. Popula on is expected to increase by 1.3% between 2017 and 2022, adding 328. Timeframe Popula on 2012 24,716 2013 25,005 2014 25,053 2015 25,076 2016 25,206 2017 25,284 2018 25,361 2019 25,432 2020 25,497 2021 25,557 2022 25,612 Emsi Q1 2018 Data Set www.economicmodeling.com 4
Historic & Projected Trends - Cont. Job Trends Economy Overview From 2012 to 2017, jobs increased by 15.6% in Miller County, MO from 6,968 to 8,055. This change outpaced the na onal growth rate of 7.6% by 8.0%. Timeframe Jobs 2012 6,968 2013 7,176 2014 7,458 2015 7,605 2016 7,978 2017 8,055 2018 8,256 2019 8,418 2020 8,552 2021 8,666 2022 8,731 Emsi Q1 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 2012 57.46% 2013 57.17% 2014 57.77% 2015 57.96% 2016 59.24% January - August 2017 58.76% September 2017 59.53% October 2017 58.02% November 2017 57.15% Emsi Q1 2018 Data Set www.economicmodeling.com 6
Historic & Projected Trends - Cont. Unemployment Rate Trends Miller County, MO had a November 2017 unemployment rate of 3.90%, decreasing from 9.04% 5 years before. Timeframe Unemployment Rate 2012 9.04% 2013 8.70% 2014 7.68% 2015 6.00% 2016 5.16% January - August 2017 4.99% September 2017 3.44% October 2017 2.81% November 2017 3.90% Emsi Q1 2018 Data Set www.economicmodeling.com 7
Popula on Characteris cs 4,246 4,739 1,265 Millennials Re ring Soon Racial Diversity Miller County, MO has 4,246 millennials (ages 20-34). The na onal average for an area this size is 5,231. Re rement risk is high in Miller County, MO. The na onal average for an area this size is 3,841 people 65 or older, while there are 4,739 here. Racial diversity is low in Miller County, MO. The na onal average for an area this size is 9,763 racially diverse people, while there are 1,265 here. 1,929 3.15/1,000 17.59/1,000 Veterans Violent Crime Property Crime Miller County, MO has 1,929 veterans. The na onal average for an area this size is 1,471. Miller County, MO has 3.15 violent crimes per 1,000 people. The na onal rate is 3.75 per 1,000 people. Miller County, MO has 17.59 property crimes per 1,000 people. The na onal rate is 24.22 per 1,000 people. Emsi Q1 2018 Data Set www.economicmodeling.com 8
Popula on Characteris cs - Cont. Place of Work vs Place of Residence Understanding where talent in Miller County, MO 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 65026 Eldon, MO (in Miller co 5,579 65486 Iberia, MO (in Miller co 1,047 65047 Kaiser, MO (in Miller c 547 65075 Saint Elizabeth, MO (in 438 65082 Tuscumbia, MO (in Mil 207 65026 Eldon, MO (in Miller co 5,266 65486 Iberia, MO (in Miller co 1,956 65017 Brumley, MO (in Miller 619 65047 Kaiser, MO (in Miller c 616 65082 Tuscumbia, MO (in Mil 495 Emsi Q1 2018 Data Set www.economicmodeling.com 9
Industry Characteris cs Largest Industries Industry Jobs Na onal Average Government Retail Trade Construc on Manufacturing Health Care and Social Assistance Administra ve and Support and Waste Management and Remedia on Services Accommoda on and Food Services Other Services (except Public Administra on) Transporta on and Warehousing Arts, Entertainment, and Recrea on Professional, Scien fic, and Technical Services Finance and Insurance Wholesale Trade Agriculture, Forestry, Fishing and Hun ng Real Estate and Rental and Leasing Educa onal Services U li es Informa on 0 500 1,000 1,500 Emsi Q1 2018 Data Set www.economicmodeling.com 10
Industry Characteris cs - Cont. Top Growing Industries Industry Jobs Growth Retail Trade Manufacturing Health Care and Social Assistance d Support and Waste Management and Remedia on Services Construc on Government Wholesale Trade Agriculture, Forestry, Fishing and Hun ng U li es Arts, Entertainment, and Recrea on Professional, Scien fic, and Technical Services Real Estate and Rental and Leasing Accommoda on and Food Services 0 100 200 300 400 Emsi Q1 2018 Data Set www.economicmodeling.com 11
Industry Characteris cs - Cont. Top Industry LQ Industry LQ U li es Construc on Retail Trade Arts, Entertainment, and Recrea on Agriculture, Forestry, Fishing and Hun ng Government Manufacturing d Support and Waste Management and Remedia on Services Transporta on and Warehousing Other Services (except Public Administra on) Real Estate and Rental and Leasing Accommoda on and Food Services Finance and Insurance Health Care and Social Assistance Wholesale Trade Educa onal Services Informa on Professional, Scien fic, and Technical Services 0.00 0.50 1.00 1.50 2.00 Emsi Q1 2018 Data Set www.economicmodeling.com 12
Industry Characteris cs - Cont. Top Industry Earnings 2017 Earnings Per Worker U li es Finance and Insurance Transporta on and Warehousing Health Care and Social Assistance Government Manufacturing Real Estate and Rental and Leasing Construc on Informa on Professional, Scien fic, and Technical Services Wholesale Trade Retail Trade Educa onal Services Agriculture, Forestry, Fishing and Hun ng Other Services (except Public Administra on) Arts, Entertainment, and Recrea on d Support and Waste Management and Remedia on Services Accommoda on and Food Services $0 $20,000 $40,000 $60,000 $80,000 $100,000 $120,000 Emsi Q1 2018 Data Set www.economicmodeling.com 13
Industry Characteris cs - Cont. Industry 2012 Jobs 2017 Jobs Change in Jobs % Change in Jobs 2017 LQ 2017 Earnings Per Worker Government 1,545 1,595 50 +3% 1.29 $44,767 Retail Trade 1,039 1,461 422 +41% 1.76 $29,405 Construc on 744 884 140 +19% 2.02 $39,378 Manufacturing 488 717 229 +47% 1.13 $43,115 Health Care and Social Assistance 413 562 149 +36% 0.55 $45,087 Administra ve and Support and Waste Management and Remedia on Services 406 551 145 +36% 1.10 $19,029 Accommoda on and Food Services 483 484 1 +0% 0.70 $17,287 Other Services (except Public Administra on) 387 351-36 -9% 0.91 $23,914 Transporta on and Warehousing 293 281-12 -4% 1.01 $56,321 Arts, Entertainment, and Recrea on 189 196 7 +4% 1.42 $23,007 Professional, Scien fic, and Technical Services 179 181 2 +1% 0.35 $36,569 Finance and Insurance 195 178-17 -9% 0.57 $58,493 Wholesale Trade 129 153 24 +19% 0.51 $34,273 Agriculture, Forestry, Fishing and Hun ng 113 134 21 +19% 1.38 $26,004 Real Estate and Rental and Leasing 105 106 1 +1% 0.79 $41,341 Emsi Q1 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 Educa onal Services 103 88-15 -15% 0.42 $26,786 U li es 55 67 12 +22% 2.36 $131,883 Informa on 80 60-20 -25% 0.40 $37,678 Emsi Q1 2018 Data Set www.economicmodeling.com 15
Business Characteris cs 886 Companies Employ Your Workers Online profiles for your workers men on 886 companies as employers, with the top 10 appearing below. In the last 12 months, 390 companies in Miller County, MO posted job pos ngs, with the top 10 appearing below. Top Companies Profiles Top Companies Pos ng Unique Pos ngs Missouri Department of Public 19 Lodge of Four Seasons 15 Four Seasons Realty 14 Johnson Controls, Inc. 14 Marinemax, Inc. 12 J.H. Calo Company, Inc. 11 Lake Regional Health System 11 Wal-Mart Stores, Inc. 11 AT&T Inc. 10 Ameren Corpora on 8 Hogan Transports Inc 975 CRST Interna onal, Inc. 496 Averi Express, Inc. 434 USA Truck, Inc. 271 Pizza Hut, Inc. 261 Wel Companies, Inc. 260 Dollar General Corpora on 221 McDonald's Corpora on 201 Sharkey Transporta on Inc 186 C.R. England, Inc. 181 Emsi Q1 2018 Data Set www.economicmodeling.com 16
Business Characteris cs - Cont. Business Size Percentage Business Count A 1 to 4 employees 53.1% 584 A 5 to 9 employees 22.4% 246 A 10 to 19 employees 14.5% 159 A 20 to 49 employees 5.5% 61 A 50 to 99 employees 3.3% 36 A 100 to 249 employees 1.0% 11 A 250 to 499 employees 0.3% 3 *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 Q1 2018 Data Set www.economicmodeling.com 17
Workforce Characteris cs Largest Occupa ons Occupa on Jobs Na onal Average Sales and Related Office and Administra ve Support Produc on Construc on and Extrac on Educa on, Training, and Library Transporta on and Material Moving Food Prepara on and Serving Related Installa on, Maintenance, and Repair Management Building and Grounds Cleaning and Maintenance Healthcare Prac oners and Technical Personal Care and Service Healthcare Support Business and Financial Opera ons Protec ve Service Community and Social Service Arts, Design, Entertainment, Sports, and Media Military Farming, Fishing, and Forestry Architecture and Engineering Computer and Mathema cal Legal Life, Physical, and Social Science 0 200 400 600 800 1,000 1,200 Emsi Q1 2018 Data Set www.economicmodeling.com 18
Workforce Characteris cs - Cont. Top Growing Occupa ons Occupa on Jobs Growth Sales and Related Produc on Office and Administra ve Support Construc on and Extrac on Transporta on and Material Moving Healthcare Prac oners and Technical Building and Grounds Cleaning and Maintenance Installa on, Maintenance, and Repair Management Food Prepara on and Serving Related Healthcare Support Community and Social Service Farming, Fishing, and Forestry Architecture and Engineering Protec ve Service Personal Care and Service Military Business and Financial Opera ons Computer and Mathema cal Life, Physical, and Social Science 0 50 100 150 200 Emsi Q1 2018 Data Set www.economicmodeling.com 19
Workforce Characteris cs - Cont. Top Occupa on LQ Occupa on LQ Construc on and Extrac on Produc on Educa on, Training, and Library Installa on, Maintenance, and Repair Sales and Related Building and Grounds Cleaning and Maintenance Farming, Fishing, and Forestry Transporta on and Material Moving Military Management Food Prepara on and Serving Related Office and Administra ve Support Community and Social Service Healthcare Support Protec ve Service Personal Care and Service Arts, Design, Entertainment, Sports, and Media Healthcare Prac oners and Technical Architecture and Engineering Business and Financial Opera ons Legal Life, Physical, and Social Science Computer and Mathema cal 0.00 0.50 1.00 1.50 Emsi Q1 2018 Data Set www.economicmodeling.com 20
Workforce Characteris cs - Cont. Top Occupa on Earnings 2016 Avg. Hourly Earnings Legal Healthcare Prac oners and Technical Architecture and Engineering Life, Physical, and Social Science Management Business and Financial Opera ons Computer and Mathema cal Educa on, Training, and Library Installa on, Maintenance, and Repair Community and Social Service Military Protec ve Service Construc on and Extrac on Arts, Design, Entertainment, Sports, and Media Office and Administra ve Support Produc on Transporta on and Material Moving Sales and Related Farming, Fishing, and Forestry Building and Grounds Cleaning and Maintenance Healthcare Support Personal Care and Service Food Prepara on and Serving Related $0.00 $5.00 $10.00 $15.00 $20.00 $25.00 $30.00 Emsi Q1 2018 Data Set www.economicmodeling.com 21
Workforce Characteris cs - Cont. Top Posted Occupa ons Unique Average Monthly Pos ngs Transporta on and Material Moving Sales and Related Healthcare Prac oners and Technical Office and Administra ve Support Food Prepara on and Serving Related Management Installa on, Maintenance, and Repair Protec ve Service Personal Care and Service Building and Grounds Cleaning and Maintenance Educa on, Training, and Library Arts, Design, Entertainment, Sports, and Media Business and Financial Opera ons Produc on Construc on and Extrac on Computer and Mathema cal Architecture and Engineering Healthcare Support Community and Social Service 0 200 400 600 Emsi Q1 2018 Data Set www.economicmodeling.com 22
Workforce Characteris cs - Cont. Occupa on 2012 Jobs 2017 Jobs Change in Jobs % Change in Jobs 2017 LQ 2016 Avg. Hourly Earnings Feb 2017 - Jan 2018 Unique Average Monthly Pos ngs Sales and Related 801 1,042 241 +30% 1.30 $13.73 76 Office and Administra ve Support 918 1,036 118 +13% 0.86 $14.38 34 Produc on 533 747 214 +40% 1.58 $14.03 3 Construc on and Extrac on Educa on, Training, and Library Transporta on and Material Moving Food Prepara on and Serving Related Installa on, Maintenance, and Repair 615 717 102 +17% 2.00 $17.23 3 674 660-14 -2% 1.44 $20.01 7 534 617 83 +16% 1.17 $13.92 713 552 584 32 +6% 0.87 $10.50 29 352 408 56 +16% 1.34 $18.94 9 Management 348 381 33 +9% 0.87 $27.50 12 Building and Grounds Cleaning and Maintenance Healthcare Prac oners and Technical Personal Care and Service 319 375 56 +18% 1.24 $11.51 7 203 275 72 +35% 0.62 $31.05 71 227 234 7 +3% 0.70 $10.50 8 Healthcare Support 147 177 30 +20% 0.80 $11.36 2 Business and Financial Opera ons 151 155 4 +3% 0.38 $27.32 6 Protec ve Service 133 141 8 +6% 0.79 $17.32 9 Emsi Q1 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 2016 Avg. Hourly Earnings Feb 2017 - Jan 2018 Unique Average Monthly Pos ngs Community and Social Service Arts, Design, Entertainment, Sports, and Media 96 111 15 +16% 0.85 $18.62 2 97 91-6 -6% 0.62 $16.44 7 Military 86 90 4 +5% 0.90 $18.31 0 Farming, Fishing, and Forestry Architecture and Engineering Computer and Mathema cal 59 73 14 +24% 1.20 $12.46 0 46 59 13 +28% 0.44 $27.54 2 39 43 4 +10% 0.19 $24.55 2 Legal 23 20-3 -13% 0.30 $34.83 0 Life, Physical, and Social Science 15 18 3 +20% 0.28 $27.52 0 Emsi Q1 2018 Data Set www.economicmodeling.com 24
Educa onal Pipeline In 2016, there were 0 graduates in Miller County, MO. This pipeline has shrunk by 100% over the last 5 years. The highest share of these graduates come from Licensed Prac cal/voca onal Nurse Training, Autobody/Collision and Repair Technology/Technician, and Marine Maintenance/Fi er and Ship Repair Technology/Technician. School Total Graduates (2016) Graduate Trend (2012-2016) Eldon Career Center 0 Cer ficate Associate's Bachelor's Master's or Higher Emsi Q1 2018 Data Set www.economicmodeling.com 25