Economic Profile: Region 10 Uric Dufrene Sanders Chair in Business IU Southeast.

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Presentation transcript:

Economic Profile: Region 10 Uric Dufrene Sanders Chair in Business IU Southeast

Outline Demographics Commuting patterns Employment and labor force Compensation Retail sales activity Historical long term growth Recent economic performance

DEMOGRAPHICS

Region 10 Crawford Clark Floyd Harrison Scott Washington

Population over Time Number Rank in State Percent of StateIndiana Yesterday (2000)262, %6,080,485 Today (2009)282, %6,417,276 Tomorrow (2015 projection) 289, %6,581,875 Percent Change 2000 to Today 7.70%2 5.50% Population Region 10 Source: STATS Indiana

Population by Age Region 10 Population Estimates by Age, 2009 NumberRank of 11 Pct Dist. in Regionin State Preschool (0 to 4)18, %6.90% School Age (5 to 17)48, %17.80% College Age (18 to 24)22, %10.00% Young Adult (25 to 44)77, %26.30% Older Adult (45 to 64)78, %26.00% Seniors (65 and older)37, %12.90% Source: STATS Indiana

Race and Ethnicity Region 10 Population Estimates by Race and Hispanic Origin, 2009 NumberRank of 11 Pct Dist. in Regionin State American Indian or Alaska Native Alone %0.30% Asian Alone1, %1.50% Black Alone12, %9.20% Native Hawaiian and Other Pac. Isl. Alone %0.10% White263, %87.80% Two or More Race Groups3, % Hispanic or Latino Origin (can be of any race) Non-Hispanic276, %94.50% Hispanic6, %5.50% Source: STATS Indiana

Household Types Region 10 Household Types NumberRank of 11 Pct Dist. in Regionin State Households in 2009 (includes detail not shown below) 110, % Married With Children22, %21.20% Married Without Children34, %29.80% Single Parents11, %9.80% Living Alone29, %27.30% Source: STATS Indiana

Income and Poverty Region 10 Income and Poverty NumberRank of 11 Percent of StateIndiana Per Capita Personal Income (annual) in 2009 $32, %$34,022 Welfare (TANF) Monthly Average Families in , %30,864 Food Stamp Recipients in , %829,907 Free and Reduced Fee Lunch Recipients in , %436,945 Source: STATS Indiana

School Enrollments Region 10 Source: STATS Indiana

IN=19.4% (BS)

COMMUTING PATTERNS

Clark Commuting Source: STATS Indiana

Floyd Commuting Source: STATS Indiana

Washington Commuting Source: STATS Indiana

Harrison Commuting Source: STATS Indiana

Crawford Commuting Source: STATS Indiana

Scott Commuting Source: STATS Indiana

EMPLOYMENT AND LABOR FORCE

Labor Force Distribution 2011

Payrolls by County 2010 Q4

Region 10 Payrolls

Source: Bureau of Labor Statistics

Non Farm Payrolls Recession Start to Now Source: STATS Indiana

Non Farm Payroll Levels Region 10 Source: STATS Indiana

COMPENSATION

Total Compensation Source: STATS Indiana

Total Compensation Per Job Source: STATS Indiana

Change in Compensation Per Job Source: STATS Indiana

RETAIL SALES ACTIVITY

Retail Sales, Region 10 Source: STATS Indiana

Retail Sales by County Source: STATS Indiana

LONG TERM GROWTH

Shift Share Analysis Allows us to determine county performance of specific sectors, relative to the nation and industry. Does the area enjoy any local competitive advantage?

Georgiastats.uga.edu

Did not keep pace by county 1999 to 2009 Georgiastats.uga.edu

RECENT ECONOMIC PERFORMANCE

Source: STATS Indiana

LOUISVILLE METRO

Unemployment Rates

Louisville Metro Payrolls Year on Year

Payrolls: National and L’ville (blue) Year over year Percent Change

Consumer Confidence and L’ville Employment(red)

Auto Sales Picking Up ?

More cars, More employment for Louisville (red)

Durable Goods Orders

Durable Goods and L’ville Employment (red)

National Manufacturing Index Louisville Employment (blue)

Thank You