Greater Springfield Economic Structure & Trends

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Presentation transcript:

Greater Springfield Economic Structure & Trends Greater Springfield Business & Economic Summit Terry L. Clower, Ph.D. Director, Center for Regional Analysis Schar School of Policy and Government George Mason University October 24, 2017 GMU Center for Regional Analysis

Annual Job Change - Washington MSA Aug 16- Aug 17 +67.6 K Source: bls.gov, see industry codes in excel file “Washington-MSA (Jobs by Sector)” Updated monthly, usually the 3rd Friday at 10am Look for revisions of prior two months August-17 Total: 3,295 K Source: Bureau of Labor Statistics (Not Seasonally Adjusted), GMU Center for Regional Analysis GMU Center for Regional Analysis

Federal Government Washington MSA Aug 16- Aug 17 -900 Source: bls.gov, see industry codes in excel file “Washington-MSA (Jobs by Sector)” Updated monthly, usually the 3rd Friday at 10am Look for revisions of prior two months SMU11479009091000001 August-17 Total: 365.9K Source: Bureau of Labor Statistics (Not Seasonally Adjusted), GMU Center for Regional Analysis GMU Center for Regional Analysis

Federal Procurement in the Washington MSA 1980-2016 (Fiscal Years) $ Billions 82.4 TOTAL = $1,409.7 Billion 79.9 76.3 71.2 69.1 71.1 | < 80-90 = $96.5B > | < 91-00 = $207.9B > | < 01–10 = $563.5B > | Source: US Census, Consolidated Federal Funds Report and USAspending.gov

Professional & Business Services Washington MSA Aug 16- Aug 17 +16.5K Source: bls.gov, see industry codes in excel file “Washington-MSA (Jobs by Sector)” Updated monthly, usually the 3rd Friday at 10am Look for revisions of prior two months August-17 Total: 762.7K Source: Bureau of Labor Statistics (Not Seasonally Adjusted), GMU Center for Regional Analysis GMU Center for Regional Analysis

Employment Composition by Sector August 2017 Washington MSA

Job Change by Sector Aug 2016 – Aug 2017 Washington MSA (Ranked by Size in 2016) (000s) Total = 67,600 Source: bls.gov, see industry codes in excel file “Washington-MSA (Jobs by Sector)” Updated monthly, usually the 3rd Friday at 10am Look for revisions of prior two months Source: Bureau of Labor Statistics (Not Seasonally Adjusted), GMU Center for Regional Analysis GMU Center for Regional Analysis

Over the past 5 years several key industry clusters have lost relative competitiveness

Annual Job Change – Greater Springfield 2016 - 2017 +455 Source: bls.gov, see industry codes in excel file “Washington-MSA (Jobs by Sector)” Updated monthly, usually the 3rd Friday at 10am Look for revisions of prior two months 2017 Q3 Total: 81,129 K Source: EMSI 2017.3 GMU Center for Regional Analysis

Largest Industries by Employment: Greater Springfield NAICS Description 2012 Jobs 2017 Jobs 2012 - 2017 % Change 2017 LQ Avg. Earnings Per Job 9011 Federal Government, Civilian 7,026 7,125 1% 4.58 $145,387 7225 Restaurants and Other Eating Places 6,030 6,998 16% 1.18 $23,851 9039 Local Government, Excluding Education and Hospitals 5,040 5,308 5% 1.67 $91,981 5415 Computer Systems Design and Related Services 4,159 4,055 (3%) 3.49 $146,371 5617 Services to Buildings and Dwellings 2,735 2,843 4% 2.42 $37,180 5416 Management, Scientific, and Technical Consulting Services 3,262 2,709 (17%) 3.39 $140,090 4451 Grocery Stores 2,063 2,214 7% 1.44 $40,603 2382 Building Equipment Contractors 2,618 2,142 (18%) 1.85 $78,441 5413 Architectural, Engineering, and Related Services 2,267 2,052 (9%) 2.56 $141,781 6233 Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly 1,560 1,998 28% 3.76 $38,702 Source: EMSI 2017.3

Highest Growth Industries 2012-2017: Greater Springfield NAICS Description 2012 Jobs 2017 Jobs 2012 - 2017 % Change 2017 LQ Avg. Earnings Per Job 3259 Other Chemical Product and Preparation Manufacturing 24 110 358% 2.41 $175,740 3273 Cement and Concrete Product Manufacturing 25 107 328% 1.00 $70,597 7121 Museums, Historical Sites, and Similar Institutions 20 46 130% 0.50 $24,553 4541 Electronic Shopping and Mail-Order Houses 41 94 129% 0.43 $82,252 6219 Other Ambulatory Health Care Services 164 373 127% 2.18 $87,034 4884 Support Activities for Road Transportation 53 120 126% 2.07 $56,717 5331 Lessors of Nonfinancial Intangible Assets (except Copyrighted Works) 32 66 106% 4.95 $119,119 3399 Other Miscellaneous Manufacturing 100 206 1.31 $62,790 5622 Waste Treatment and Disposal 95 183 93% 3.46 $85,699 5629 Remediation and Other Waste Management Services 45 80% 0.56 $58,278 Source: EMSI 2017.3

Highest Growth Industries 2012-2017 (greater than 100 jobs): Greater Springfield NAICS Description 2012 Jobs 2017 Jobs 2012 - 2017 % Change 2017 LQ Avg. Earnings Per Job 6219 Other Ambulatory Health Care Services 164 373 127% 2.18 $87,034 4543 Direct Selling Establishments 101 62% 2.21 $98,471 8133 Social Advocacy Organizations 102 160 57% 1.34 $69,686 8131 Religious Organizations 155 238 54% $33,200 6216 Home Health Care Services 249 366 47% 0.45 $37,805 8129 Other Personal Services 188 268 43% 1.44 $28,071 6213 Offices of Other Health Practitioners 336 468 39% 0.93 $58,585 6116 Other Schools and Instruction 478 657 37% 2.79 $56,167 6241 Individual and Family Services 124 168 35% 0.13 $41,193 6214 Outpatient Care Centers 668 903 1.77 $75,234 Source: EMSI 2017.3

Industries With Highest Relative Concentration: Greater Springfield NAICS Description 2012 Jobs 2017 Jobs 2012 - 2017 % Change 2017 LQ Avg. Earnings Per Job 2212 Natural Gas Distribution 640 799 25% 12.63 $140,650 4859 Other Transit and Ground Passenger Transportation 362 464 28% 7.61 $52,106 4855 Charter Bus Industry 81 116 43% 6.96 $51,951 8112 Electronic and Precision Equipment Repair and Maintenance 495 373 (25%) 6.35 $157,487 5331 Lessors of Nonfinancial Intangible Assets (except Copyrighted Works) 32 66 106% 4.95 $119,119 2373 Highway, Street, and Bridge Construction 1,173 864 (26%) 4.82 $79,418 9011 Federal Government, Civilian 7,026 7,125 1% 4.58 $145,387 2372 Land Subdivision 113 99 (12%) 4.45 $162,881 4842 Specialized Freight Trucking 1,080 1,086 4.23 $55,371 6233 Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly 1,560 1,998 3.76 $38,702 Source: EMSI 2017.3

Industries With Highest Change in Relative Concentration, 2012-2017: Greater Springfield NAICS Description 2012 Jobs 2017 Jobs 2012 - 2017 % Change 2012 LQ 2017 LQ 2012 - 2017 Change in LQ Avg. Earnings Per Job 2212 Natural Gas Distribution 640 799 25% 9.71 12.63 2.93 $140,650 5331 Lessors of Nonfinancial Intangible Assets (except Copyrighted Works) 32 66 106% 2.16 4.95 2.78 $119,119 4855 Charter Bus Industry 81 116 43% 4.53 6.96 2.43 $51,951 8141 Private Households 622 565 (9%) 1.42 3.61 2.19 $29,323 3259 Other Chemical Product and Preparation Manufacturing 24 110 358% 0.46 2.41 1.95 $175,740 5622 Waste Treatment and Disposal 95 183 93% 1.65 3.46 1.81 $85,699 6219 Other Ambulatory Health Care Services 164 373 127% 1.02 2.18 1.16 $87,034 6112 Junior Colleges 65 61 (6%) 2.24 3.31 1.07 $34,793 4884 Support Activities for Road Transportation 53 120 126% 1.03 2.07 1.04 $56,717 4543 Direct Selling Establishments 101 62% 1.29 2.21 0.93 $98,471 Source: EMSI 2017.3

Highest Growth Occupations 2012-2017: Greater Springfield SOC Description 2012 Jobs 2017 Jobs 2012 - 2017 % Change Avg. Hourly Earnings 2017 LQ 31-9097 Phlebotomists 36 63 75% $17.91 0.89 27-3091 Interpreters and Translators 25 38 52% $40.50 1.26 51-9023 Mixing and Blending Machine Setters, Operators, and Tenders 15 22 47% $24.46 0.30 49-9094 Locksmiths and Safe Repairers 13 19 46% $19.67 1.80 51-7011 Cabinetmakers and Bench Carpenters 44% $23.80 0.65 21-2011 Clergy 35 50 43% $19.73 1.77 21-2021 Directors, Religious Activities and Education 21 30 $26.23 2.61 47-4041 Hazardous Materials Removal Workers 24 34 42% $19.26 1.36 31-2011 Occupational Therapy Assistants 10 14 40% $30.03 0.60 45-2093 Farmworkers, Farm, Ranch, and Aquacultural Animals 18 38% $15.84 0.36 Source: EMSI 2017.3

Highest Growth Occupations 2012-2017 (greater than 100 jobs): Greater Springfield SOC Description 2012 Jobs 2017 Jobs 2012 - 2017 % Change Avg. Hourly Earnings 2017 LQ 25-3021 Self-Enrichment Education Teachers 151 199 32% $24.81 1.50 21-1014 Mental Health Counselors 127 165 30% $25.17 2.00 37-2021 Pest Control Workers 147 190 29% $19.54 4.52 27-2022 Coaches and Scouts 159 205 $23.54 1.57 39-2021 Nonfarm Animal Caretakers 158 203 28% $12.60 1.79 49-3021 Automotive Body and Related Repairers 125 27% $29.30 1.92 39-9031 Fitness Trainers and Aerobics Instructors 334 415 24% $22.27 2.74 31-1011 Home Health Aides 175 217 $12.18 0.41 31-9092 Medical Assistants 267 330 $18.63 0.91 53-3022 Bus Drivers, School or Special Client 316 390 23% $21.60 1.39 Source: EMSI 2017.3

Employment Distribution, 2017 Greater Springfield

Job Change by Sector – Greater Springfield 2016 –2017 Total = 455 Source: bls.gov, see excel “National Employment by Sector” for series IDs Released first Friday of the month (8:30 am) CES0000000001 CES2000000001 CES3000000001 CES4142000001 CES4200000001 CES4300000001 CES5000000001 CES5500000001 CES6000000001 CES6500000001 CES7000000001 CES8000000001 CES9000000001 CES9091000001 Source: EMSI 2017.3 GMU Center for Regional Analysis