1 For: South Central WDC – Full Board Meeting Donald W. Meseck Regional Labor Economist February 9, 2016 Yakima County Economy – 2015 in Review.

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Presentation transcript:

1 For: South Central WDC – Full Board Meeting Donald W. Meseck Regional Labor Economist February 9, 2016 Yakima County Economy – 2015 in Review

2 Quarterly Census of Employment and Wage (QCEW) summaries for Yakima County in 2014  Slides 3-7 Unemployment rates and labor force trends in Yakima County through 2015  Slides 8-11 Nonfarm employment trends through 2015  Slides Employment projections for Yakima County  Slides Summary and Questions  Slides Today’s presentation

3 Analyzed county-level QCEW data for 22 industries/sectors 19 private-industry sectorsThree government sectors NAICS 11 (Agriculture, forestry and fishing)Federal government NAICS 21 (Mining)State government NAICS 22 (Utilities)Local government NAICS 23 (Construction) NAICS (Manufacturing)* North American Industry Classification System (NAICS) NAICS 42 (Wholesale trade) NAICS (Retail trade) NAICS (Transportation and warehousing) NAICS 51 (Information) NAICS 52 (Finance and insurance) NAICS 53 (Real estate and rentals) NAICS 54 (Professional and business services) NAICS 55 (Management of companies) NAICS 56 (Administrative and waste services) NAICS 61 (Private education services) NAICS 62 (Health services) NAICS 71 (Arts, entertainment and recreation) NAICS 72 (Accommodation and food services)QCEW is the Quarterly Census of Employment and Wages, a NAICS 81 (Other services)U.S. Bureau of Labor Statistics data set.

4 Yakima County: Total covered employment from Source: QCEW Data

5 Yakima County: Top 5 industries by employment in 2014 Source: QCEW Data

6 Yakima County: Top 5 industries by wages in 2014 Source: QCEW Data

7 Yakima County in 2014: Summary of “Top 5” industries Total covered wages = $3.69 billion Average annual employment = 106,613 Average annual wage = $34,628 (WA = $55,003) Industry Percent of jobs (in Yakima County) Percent of wages (in Yakima County) Agriculture Health services Local government Retail trade Manufacturing7.79.4

8 Annual Average Unemployment Rates in Yakima County and in Washington from

9 Unemployment Rates in Yakima County: From January 2013-December 2015

10 Yakima County’s Civilian Labor Force: From December 2014-December 2015

11 Labor Force Changes in Yakima County and Washington in the last twelve months

12 Yakima County: Total nonfarm employment from Source: CES Data, LMPA, ESD

13 Yakima County and Washington: Nonfarm employment changes during the past 20 quarters (i.e., )

14 Yakima County and Washington: Nonfarm employment changes during the last 11 years ( )

15 Nonfarm employment changes in Yakima County and Washington in the last twelve months

16 Yakima County - Nonfarm job growth in major industries from 2014 to 2015

17 Summary of job gains/losses (in #) in Yakima County nonfarm industries from 2014 to 2015

18 Summary of job gains/losses (in %) in Yakima County nonfarm industries from 2014 to 2015

19 Yakima County: Comparison of 2015 Employment Projections (on 9 Feb 15) with Actual Data (on 8 Feb 16)

20 Projected nonfarm job growth in Yakima County for 1 st -4 th Quarters 2016

21 The not seasonally adjusted unemployment rate declined from 9.0 in 2014 to 8.1 percent in Yakima County’s labor force increased from 119,411 residents in 2014 to 121,689 in 2015 (up 1.9 percent). However, growth rates were slow (one percent or less) from August through December Nonfarm employment averaged 81,400 in 2015, adding 1,600 jobs since 2014, a 2.0 percent increase. Construction, retail trade, transportation and utilities, and food services accounted for 87.5 percent of the 1,600 jobs added during Nonfarm job growth in 2015 was robust in the first two quarters but sluggish in the last two

22 Yakima County – 2015 in Review Questions? Donald W. Meseck Regional Labor Economist for Adams, Chelan, Douglas, Grant, Kittitas, Okanogan, and Yakima Counties Labor Market and Performance Analysis (LMPA) Employment Security Department Address: 306 Division Street, Yakima, WA Phone: (509) Website: