Economy Overview. Eau Claire County. Emsi Q Data Set

Transcription

1 Eau Claire County Emsi Q Data Set

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

3 102,961 62,147 $49.5K Popula on (2016) Jobs (2016) Median Household Income (2015) Popula on grew by 3,039 over the last 5 years and is projected to grow by 2,209 over the next 5 years. Jobs grew by 2,367 over the last 5 years and are projected to grow by 2,565 over the next 5 years. Median household income is $4.4K below the na onal median household income of $53.9K. As of 2016 the region's popula on increased by 3.0% since 2011, growing by 3,039. Popula on is expected to increase by 2.1% between 2016 and 2021, adding 2,209. From 2011 to 2016, jobs increased by 4.0% in Eau Claire County from 59,780 to 62,147. This change fell short of the na onal growth rate of 8.8% by 4.8%. As the number of jobs increased, the labor force par cipa on rate increased from 67.9% to 68.1% between 2011 and Concerning educa onal a ainment, 19.9% of Eau Claire County residents possess a Bachelor's Degree (1.5% above the na onal average), and 12.3% hold an Associate's Degree (4.4% above the na onal average). The top three industries in 2016 are Restaurants and Other Ea ng Places, General Medical and Surgical Hospitals, and Educa on and Hospitals (Local Government). Emsi Q Data Set 1

4 - Cont. Emsi Q Data Set 2

5 - Cont Labor Force Breakdown Popula on A Total Working Age Popula on 85,348 A Not in Labor Force (15+) 27, ,961 Popula on A Labor Force 58,136 A Employed 56,236 A Unemployed 1,900 A Under 15 17,613 Educa onal A ainment Concerning educa onal a ainment, 19.9% of Eau Claire County residents possess a Bachelor's Degree (1.5% above the na onal average), and 12.3% hold an Associate's Degree (4.4% above the na onal average). % of Popula on Popula on A Less Than 9th Grade 3.0% 1,923 A 9th Grade to 12th Grade 4.6% 2,997 A High School Diploma 27.4% 17,688 A Some College 22.1% 14,271 A Associate's Degree 12.3% 7,938 A Bachelor's Degree 19.9% 12,846 A Graduate Degree and Higher 10.8% 6,997 Emsi Q Data Set 3

6 Historic & Projected Trends Popula on Trends As of 2016 the region's popula on increased by 3.0% since 2011, growing by 3,039. Popula on is expected to increase by 2.1% between 2016 and 2021, adding 2,209. Timeframe Popula on , , , , , , , , , , ,170 Emsi Q Data Set 4

7 Historic & Projected Trends - Cont. Job Trends From 2011 to 2016, jobs increased by 4.0% in Eau Claire County from 59,780 to 62,147. This change fell short of the na onal growth rate of 8.8% by 4.8%. Timeframe Jobs , , , , , , , , , , ,712 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 - September % October % November % December % Emsi Q Data Set 6

9 Historic & Projected Trends - Cont. Unemployment Rate Trends Eau Claire County had a December 2016 unemployment rate of 3.27%, decreasing from 6.43% 5 years before. Timeframe Unemployment Rate % % % % % January - September % October % November % December % Emsi Q Data Set 7

10 Popula on Characteris cs 26,897 14,713 9,604 Millennials Re ring Soon Racial Diversity Eau Claire County has 26,897 millennials (ages 20-34). The na onal average for an area this size is 21,229. Re rement risk is about average in Eau Claire County. The na onal average for an area this size is 15,190 people 65 or older, while there are 14,713 here. Racial diversity is low in Eau Claire County. The na onal average for an area this size is 39,119 racially diverse people, while there are 9,604 here. 5, /1, /1,000 Veterans Violent Crime Property Crime Eau Claire County has 5,294 veterans. The na onal average for an area this size is 5,992. Eau Claire County has 1.32 violent crimes per 1,000 people. The na onal rate is 3.75 per 1,000 people. Eau Claire County 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 Eau Claire County, WI currently works compared to where talent lives can help you op mize site decisions. For example, the #1 ranked ZIP for employment ranks #2 for resident workers. The top ZIP for resident workers is High Inbound Commuters High Outbound Commuters Where Talent Works Where Talent Lives ZIP Name 2016 Employment ZIP Name 2016 Workers Eau Claire, WI (in Eau 32, Eau Claire, WI (in Eau 20, Altoona, WI (in Eau Cla 3, Eau Claire, WI (in Eau 3, Augusta, WI (in Eau Cl Eau Claire, WI (in Eau 20, Eau Claire, WI (in Eau 16, Altoona, WI (in Eau Cla 3, Fall Creek, WI (in Eau C 2, Augusta, WI (in Eau Cl 1,505 Emsi Q Data Set 9

12 Industry Characteris cs Largest Industries Industry Jobs Na onal Average Restaurants and Other Ea ng Places General Medical and Surgical Hospitals Educa on and Hospitals (Local Government) Offices of Physicians Management of Companies and Enterprises 0 1,000 2,000 3,000 4,000 Industry 2011 Jobs 2016 Jobs Change in Jobs ( ) % Change 2016 Earnings Per Worker Restaurants and Other Ea ng Places 3,687 4, % $16,496 General Medical and Surgical Hospitals 3,339 3, % $61,595 Educa on and Hospitals (Local Government) 3,193 3, % $58,307 Offices of Physicians 1,989 2, % $127,002 Management of Companies and Enterprises 1,943 2, % $90,536 Emsi Q Data Set 10

13 Industry Characteris cs - Cont Top Growing Industries Industry Jobs Change Local Government, Excluding Educa on and Hospitals Management of Companies and Enterprises Outpa ent Care Centers General Medical and Surgical Hospitals Offices of Physicians Industry 2011 Jobs 2016 Jobs Change in Jobs ( ) % Change 2016 Earnings Per Worker Local Government, Excluding Educa on and Hospitals 1,601 2, % $63,582 Management of Companies and Enterprises 1,943 2, % $90,536 Outpa ent Care Centers % $91,754 General Medical and Surgical Hospitals 3,339 3, % $61,595 Offices of Physicians 1,989 2, % $127,002 Emsi Q Data Set 11

14 Workforce Characteris cs Largest Occupa ons Occupa on Jobs Na onal Average Retail Salespersons Office Clerks, General Registered Nurses Personal Care Aides Combined Food Prepara on and Serving Workers, Including Fast Food ,000 1,500 2,000 Occupa on 2011 Jobs 2016 Jobs Change in Jobs ( ) % Change 2016 Avg. Hourly Earnings Retail Salespersons 2,330 2, % $13.63 Office Clerks, General 1,967 2, % $15.41 Registered Nurses 1,617 1, % $32.47 Personal Care Aides 1,382 1, % $11.10 Combined Food Prepara on and Serving Workers, Including Fast Food 1,458 1, % $8.87 Emsi Q Data Set 12

15 Workforce Characteris cs - Cont Top Growing Occupa ons Occupa on Jobs Change Personal Care Aides Registered Nurses Janitors and Cleaners, Except Maids and Housekeeping Cleaners Office Clerks, General Combined Food Prepara on and Serving Workers, Including Fast Food Occupa on 2011 Jobs 2016 Jobs Change in Jobs ( ) % Change 2016 Avg. Hourly Earnings Personal Care Aides 1,382 1, % $11.10 Registered Nurses 1,617 1, % $32.47 Janitors and Cleaners, Except Maids and Housekeeping Cleaners 925 1, % $14.15 Office Clerks, General 1,967 2, % $15.41 Combined Food Prepara on and Serving Workers, Including Fast Food 1,458 1, % $8.87 Emsi Q Data Set 13

16 Educa onal Pipeline In 2016, there were 4,581 graduates in Eau Claire County. This pipeline has grown by 8% over the last 5 years. The highest share of these graduates come from Nursing Assistant/Aide and Pa ent Care Assistant/Aide, Registered Nursing/Registered Nurse, and "Business Administra on and Management, General". School Total Graduates (2016) Graduate Trend ( ) University of Wisconsin-Eau Claire 2,426 Chippewa Valley Technical College 2,073 Globe University-Eau Claire 52 The Professional Hair Design Academy 30 Cer ficate Associate Bachelor Masters or Higher Emsi Q Data Set 14