1. 2007 Lake Area Business Conference Osage Beach March 7, 2007 Bill Elder, Director Office of Social & Economic Data Analysis University of Missouri--Columbia

2. Overview Big Picture Trends (“constant bearing….decreasing range”) Emerging Characteristics at the Lake –Demographic –Economic Trends Discussion WWW.OSEDA.MISSOURI.EDU

5. Educational Testing Service

6. Divergent skill distributions The changing economy Demographic shifts

7. Divergent skill distributions –Flat NAEP scores –High school graduation slacking –Poor literacy and numeracy skills –Race and ethnic gaps

8. The changing economy –Declining manufacturing – more service –Two thirds of job growth (1984-2000 was associated with college-level jobs –College grads earn 51% more than H.S. grads –Earning premiums reward education & skill

9. Demographic shifts –Labor force will grow more slowly –Impact of the baby boom – its here now –Dependence on International migration –Increasing Hispanic population –Latino’s have lowest levels of educational attainment – more than 50% without H.S.

12. 2007 1999 2002

14. f l a t How f l a t the world is depends on where your standing.. The World is Flat Thomas Friedman Making Globalization Work Joseph Stiglitz

17. Total55over65over 5-County Area 153,602 39,045 22,259 Camden MO 37,051 13,026 7,023 Laclede MO 32,513 7,844 4,596 Miller MO 23,564 5,926 3,596 Morgan MO 19,309 6,454 3,787 Pulaski MO 41,165 5,795 3,257 State of Missouri 5,595,211 1,262,777 755,379 Source of data: U.S. Bureau of the Census: FSCPE. Estimates released summer, 2006 Total Population, 2000

18. Total55over65over 5-County Area 163,259 42,038 23,899 Camden MO 39,432 13,600 7,575 Laclede MO 34,492 8,721 5,019 Miller MO 24,712 6,360 3,717 Morgan MO 20,436 6,795 4,149 Pulaski MO 44,187 6,562 3,439 State of Missouri 5,800,310 1,388,779 773,171 Source of data: U.S. Bureau of the Census: FSCPE. Estimates released summer, 2006 Total Population, 2005

19. Total55over65over 5-County Area 9,657 2,993 1,640 Camden MO 2,381 574 552 Laclede MO 1,979 877 423 Miller MO 1,148 434 121 Morgan MO 1,127 341 362 Pulaski MO 3,022 767 182 State of Missouri 205,099 126,002 17,792 Source of data: U.S. Bureau of the Census: FSCPE. Estimates released summer, 2006 Change in Population, 2000-2005

20. Total55over65over 5-County Area6.37.77.4 Camden MO6.44.47.9 Laclede MO6.111.29.2 Miller MO4.97.33.4 Morgan MO5.85.39.6 Pulaski MO7.313.25.6 State of Missouri3.710.02.4 Percent Change in Population, 2000-2005 Source of data: U.S. Bureau of the Census: FSCPE. Estimates released summer, 2006

31. County Average Wages County Avg. Hourly Wage Avg. Annual Wage Camden$11.54$24,012 Laclede$12.57$26,143 Miller$11.55$24,033 Morgan$10.18$21,169 Pulaski$13.37$27,813 Source: MERIC, Quarterly Census of Employment and Wages, data for calendar year 2005. Average Hourly Wage is calculated by dividing Total Wages by Average Employment by 2,080 hours (52 weeks x 40 hours) across all industries. Average Annual Wage is calculated by dividing Total Wages by Average Employment across all industries.

32. Quarterly Workforce Indicators Quick Facts Areaname Total Employment Net Job Flows Job Creation New Hires Separa -tions Turn- over Avg. Monthly Earnings Average New Hire Earnings Third Quarter 2005 Missouri 2,587,383-22,876107,779503,744580,39610.20%$3,071.00$1,875.00 Camden County 18,907-1,4147864,7426,58114.20%$2,226.00$1,513.00 Laclede County 13,773-785723,1673,51810.90%$2,312.00$1,368.00 Miller County 6,415-2472961,2901,76412.10%$2,103.00$1,379.00 Morgan County 4,586-3322039621,40213.50%$1,815.00$1,287.00 Pulaski County 8,947-235332,5722,90812.90%$2,051.00$1,368.00 The Quarterly Workforce Indicators (QWI) are derived from state administrative records and basic demographic information from the Census Bureau. Employment totals from the QWI are not exactly comparable with those from other sources

33. Quarterly Workforce Indicators Quick Facts Earnings Areaname Total Employme nt Net Job Flows Job Creation New Hires Separa- tions Turn- over (Pct.) Avg. Monthly Avg. New Hire Average: Selected + Three Prior Quarters Missouri 2,582,99513,080126,695455,504509,2739.90$3,041.5 0 $1,890.5 0 Camden County 17,1341671,4364,2804,78012.40$2,149.2 5 $1,465.5 0 Laclede County 13,854566462,5962,84510.40$2,254.7 5 $1,323.0 0 Miller County 6,30854001,2441,46910.40$2,114.7 5 $1,350.7 5 Morgan County 4,399-173379161,11511.70$1,851.2 5 $1,229.5 0 Pulaski County 9,088695742,3112,51912.80$2,105.0 0 $1,516.7 5 The Quarterly Workforce Indicators (QWI) are derived from state administrative records and basic demographic information from the Census Bureau. Employment totals from the QWI are not exactly comparable with those from other sources

34. Annual Civilian Labor Force, Employment and Unemployment Indicators: 2005 Areaname Labor Force EmploymentUnemploymentRate Annual Averages for 2005 MISSOURI 3,024,4782,862,153162,3255.40% Camden 20,71619,6121,1045.30% Laclede 16,38115,4519305.70% Miller 12,55711,8027556.00% Morgan 9,3778,7815966.40% Pulaski 17,51216,5989145.20% SOURCE: Bureau of Labor Statistics (BLS) of the U.S. Department of Labor; MO Department of Economic Development, MERIC

35. Annual Civilian Labor Force, Employment and Unemployment Indicators: 2001 Areaname Labor Force EmploymentUnemploymentRate Annual Averages for 2001 MISSOURI 3,002,7142,867,853134,8614.50% Camden 19,68118,6661,0155.20% Laclede 16,55215,6069465.70% Miller 12,69511,9966995.50% Morgan 9,4758,9125635.90% Pulaski 15,20314,3448595.70% SOURCE: Bureau of Labor Statistics (BLS) of the U.S. Department of Labor; MO Department of Economic Development, MERIC

36. Self-Sufficiency Wage Standards (One Adult) The self-sufficiency Standard for Missouri charts the actual cost of living and working. It measures how much income a family needs to pay for housing, food, childcare, healthcare, transportation and taxes-if they do not receive any help from relatives, friends or the government-based on the ages, as well as. number of children in each household, and the family's geographic location Note **: Original report (Missouri Workforce Gap Analysis: Needs Assessment) by Diana Pearce, PhD with Jennifer Brooks, Dec. 15, 2004 SOURCE: Missouri Department of Economic Development, MERIC CountyAdultAdult w/Infant** Adult with Infant and Preschooler** Camden$12,534.44$20,342.16$27,198.12 Laclede$11,852.88$17,760.60$22,351.68 Miller$12,600.12$16,893.96$21,758.76 Morgan$11,843.40$16,539.72$20,797.20 Pulaski$12,857.44$18,031.44$22,784.40 5-county Average$12,337.66$17,913.58$22,978.03

37. Self-Sufficiency Wage Standards (Two Adults) The self-sufficiency Standard for Missouri charts the actual cost of living and working. It measures how much income a family needs to pay for housing, food, childcare, healthcare, transportation and taxes-if they do not receive any help from relatives, friends or the government-based on the ages, as well as. number of children in each household, and the family's geographic location Note **: Original report (Missouri Workforce Gap Analysis: Needs Assessment) by Diana Pearce, PhD with Jennifer Brooks, Dec. 15, 2004 SOURCE: Missouri Department of Economic Development, MERIC CountyTwo Adults** Two Adults w/Two Infants Two Adults with Infant, Preschooler and School-aged Child** Camden$20,341.20$35,448.00$44,387.76 Laclede$19,547.64$31,553.16$38,711.52 Miller$20,277.60$29,493.36$36,319.32 Morgan$19,516.32$28,664.52$35,556.84 Pulaski$20,468.52$31,714.80$38,031.24 5-county Average$20,030.26$31,374.77$38,601.34

38. Areaname($000) Camden$ 821,435 Laclede$ 556,468 Miller $ 392,672 Morgan $ 342,111 Pulaski$ 567,626 5-County Area$ 2,680,312 Missouri $ 114,511,668 Disposable Income 2005 SOURCE: Rand McNally Commercial Atlas and Marketing Guide, 2007

39. Areaname Total Retail Sales ($000) General Merchandise Sales ($000)Pct. 5-County Area 2,162,149 355,469 16.4 Camden 813,338 152,197 18.7 Laclede 445,216 70,435 15.8 Miller 343,877 15,437 4.5 Morgan 211,888 20,193 9.5 Pulaski 347,830 97,207 27.9 Missouri 72,207,260 11,683,141 16.2 SOURCE: Rand McNally Commercial Atlas and Marketing Guide, 2007 Total Retail Sales, 2005 and General Merchandise Sales and General Merchandise Sales

40. Areaname Total Retail Sales ($000) Apparel Stores Sales ($000)Pct. 5-County Area 2,162,149 159,659 7.4 Camden 813,338 130,762 16.1 Laclede 445,216 19,500 4.4 Miller 343,877 3,105 0.9 Morgan 211,888 - - Pulaski 347,830 6,292 1.8 Missouri 72,207,260 2,898,417 4.0 SOURCE: Rand McNally Commercial Atlas and Marketing Guide, 2007 Total Retail Sales, 2005 and Apparel Stores Sales and Apparel Stores Sales

41. Areaname Total Retail Sales ($000) Food Store Sales ($000)Pct. 5-County Area 2,162,149 194,521 9.0 Camden 813,338 53,658 6.6 Laclede 445,216 33,551 7.5 Miller 343,877 32,463 9.4 Morgan 211,888 59,167 27.9 Pulaski 347,830 15,682 4.5 Missouri 72,207,260 7,538,015 10.4 SOURCE: Rand McNally Commercial Atlas and Marketing Guide, 2007 Total Retail Sales, 2005 And Food Store Sales

42. Areaname Total Retail Sales ($000) Health and Drug Stores ($000)Pct. 5-County Area 2,162,149 54,846 2.5 Camden 813,338 14,896 1.8 Laclede 445,216 14,240 3.2 Miller 343,877 12,009 3.5 Morgan 211,888 4,147 2.0 Pulaski 347,830 9,554 2.7 Missouri 72,207,260 3,882,742 5.4 SOURCE: Rand McNally Commercial Atlas and Marketing Guide, 2007 Total Retail Sales, 2005 And Health and Drug Store Sales

43. USDC, Bureau of Economic Analysis, Regional Economic Information System (REIS) Camden County, MO Total Full-time and Part-time employment: Camden County, 2004 Total Employment26,102 3,512,134 Retail Trade4,79318.411.3 Accommodation and food services3,64113.96.8 Health care and social assistance2,0337.810 Real estate and rental and leasing2,0117.73.4 Other services, except public administration1,7226.65.8 Personal Income: Camden County, MO, 2004 Total Personal Income (in thousands)$1,076,443 $175,524,474 Dividends, interest, and rent238,00222.117 Personal current transfer receipts226,69221.116.5 Retail Trade105,4789.85.4 Health care and social assistance78,7017.37.6 Accommodation and food services63,2725.92.1

44. USDC, Bureau of Economic Analysis, Regional Economic Information System (REIS) Laclede County, MO Total Full-time and Part-time employment, 2004 Total Employment18,909 3,512,134 Manufacturing4,730259.2 Retail Trade2,63713.911.3 Farm employment1,4417.63.3 Health care and social assistance1,4057.410 Personal Income, 2004 Total Personal Income (in thousands)$741,958 $175,524,474 Manufacturing202,77527.310.9 Personal current transfer receipts182,24624.616.5 Dividends, interest, and rent113,90415.417 Retail Trade56,5587.65.4 Local government42,9265.86.1

45. USDC, Bureau of Economic Analysis, Regional Economic Information System (REIS) Miller County, MO Total Full-time and Part-time employment, 2004 Total Employment11,035 3,512,134 Retail Trade1,49213.511.3 Construction1,37012.46.1 Farm employment1,214113.3 Local government1,0559.67.5 Manufacturing9688.89.2 Personal Income, 2004 Total Personal Income (in thousands)$509,335 $175,524,474 Personal current transfer receipts131,98725.916.5 Dividends, interest, and rent58,49311.517 Construction37,1257.35.1 Local government35,62176.1 Retail Trade32,3526.45.4

46. USDC, Bureau of Economic Analysis, Regional Economic Information System (REIS) Morgan County, MO Total Full-time and Part-time employment, 2004 Total Employment7,344 3,512,134 Retail Trade1,11915.211.3 Farm employment1,02213.93.3 Local government92112.57.5 Manufacturing7119.79.2 Construction6068.36.1 Personal Income, 2004 Total Personal Income (in thousands)$467,729 $175,524,474 Personal current transfer receipts126,96727.116.5 Dividends, interest, and rent112,0402417 Farm earnings30,4346.50.2 Local government27,1305.86.1 Manufacturing23,277510.9

47. USDC, Bureau of Economic Analysis, Regional Economic Information System (REIS) Pulaski County, MO Total Full-time and Part-time employment, 2004 Total Employment25,837 3,512,134 Military10,45440.51.1 Federal, civilian3,02311.71.6 Accommodation and food services2,06986.8 Retail Trade1,9467.511.3 Local government1,7096.67.5 Personal Income, 2004 Total Personal Income (in thousands)$1,192,826 $175,524,474 Military651,63154.61 Federal, civilian184,48615.52.5 Personal current transfer receipts162,92313.716.5 Dividends, interest, and rent108,3999.117 Local government64,4295.46.1

48. Lake of the Ozarks PUMA Region SOURCE: USDC, Bureau of the Census, American Community Survey (PUMS) 2005 CLASS OF WORKER Private wage and salary workers48,72070.1 Government workers13,35319.2 Self-employed workers in own not incorporated business7,26410.5 Unpaid family workers3850.6

49. Lake of the Ozarks PUMA Region Minutes Traveled to Work Minutes Traveled to Work SOURCE: USDC, Bureau of the Census, American Community Survey (PUMS) 2005 MinutesFrequencyPercent Less than 10 121 8.21 10 to 19 168 11.41 20 to 29 127 8.62 30 to 49 155 10.52 50 to 59 12 0.81 60 or More 34 2.31 Missing 856 58.11 Total 1,473 100.00

50. Lake of the Ozarks PUMA Region Commuting to Work SOURCE: USDC, Bureau of the Census, American Community Survey (PUMS) 2005 Workers 16 years and over69,453100.0 Car, truck, or van -- drove alone51,40274.0 Car, truck, or van -- carpooled10,47415.1 Public transportation (excluding taxicab)00.0 Walked1,7072.5 Other means2,3383.4 Worked at home3,5325.1 Mean travel time to work (minutes)22

51. SOURCE: USDC, Bureau of the Census, American Community Survey (PUMS) 2005 Educational attainment NumberPercent No School 5,8983.7 Less than High School Degree 47,13929.5 High School Degree 51,70032.4 Few Years of College No Degree 22,12013.9 Associate's Degree 6,3294.0 Bachelor's Degree 11,4307.2 Graduate Degree 6,3764.0 Total 150,99294.6 Missing 8,5395.4 Total 159,531100.0

52. SOURCE: USDC, Bureau of the Census, American Community Survey (PUMS) 2005 Weeks worked past 12 months Number of WeeksFrequencyPercent Less than 12 6,281 3.9 12 to 24 8,144 5.1 25 tp 49 17,818 11.2 50 or More 56,086 35.2 SubTotal 88,329 55.4 Missing 71,202 44.6 Total 159,531 100.0

53. SOURCE: USDC, Bureau of the Census, American Community Survey (PUMS) 2005 Employment status of parents FrequencyPercent Live with Both Parents - Both Parents in Labor Force 16,54310.4 Live with Both Parents - Father Only in Labor Force 7,8804.9 Live with Both Parents - Mother Only in Labor Force 8960.6 Live with Both Parents - Neither Parent in Labor Force 3530.2 Live with Father Only - Father in Labor Force 4,7643 Live with Father Only - Father not in Labor Force 5410.3 Live withj Mother Only - Mother in Labor Force 5,0933.2 Live with Mother Only - Mother not in Labor Force 2,4201.5 SubTotal 38,49024.1 Missing 121,04175.9 Total 159,531100

54. SOURCE: USDC, Bureau of the Census, American Community Survey (PUMS) 2005 Commuting to Work: Method of Travel Workers 16 years and over69,453 Car, truck, or van -- drove alone51,40274.0 Car, truck, or van -- carpooled10,47415.1 Public transportation (excluding taxicab)00.0 Walked1,7072.5 Other means2,3383.4 Worked at home3,5325.1 Mean travel time to work (minutes)22.3 Lake of the Ozarks PUMA Region

55. SOURCE: USDC, Bureau of the Census, American Community Survey (PUMS) 2005 Employment by Occupation Employment by Occupation NumberPercent Civilian employed population 16 years and over69,722100.0 Management, professional, and related occupations17,56425.2 Sales and office occupations17,53325.1 Service occupations12,34917.7 Production, transportation, and material moving occupations11,16516.0 Construction, extraction, maintenance and repair occupations10,23914.7 Farming, fishing, and forestry occupations8721.3

56. Employment by Occupation Employment by Occupation NumberPercent Civilian employed population 16 years and over69,722100.0 Agriculture, forestry, fishing and hunting, and mining2,0613.0 Construction8,49312.2 Manufacturing7,68311.0 Wholesale trade1,0551.5 Retail trade9,07613.0 Transportation and warehousing, and utilities2,6393.8 Information2,0242.9 Finance and insurance, and real estate and rental and leasing4,0105.8 Professional, scientific, and management, and administrative and waste management services4,2296.1 Educational services, and health care, and social assistance10,48315.0 Arts, entertainment, and recreation, and accommodation, and food services6,6939.6 Other services, except public administration4,4066.3 Public administration6,8709.9 SOURCE: USDC, Bureau of the Census, American Community Survey (PUMS) 2005

60. SOURCE: U.S. Bureau of Labor Statistics. Missouri Annual Employment Trends, 2000-2005

61. Average Annual Wages: Missouri, 2000-2005 SOURCE: U.S. Bureau of Labor Statistics. $29,000 $30,000 $31,000 $32,000 $33,000 $34,000 $35,000 200020012002200320042005 SOURCE: U.S. Bureau of Labor Statistics.

62. Per Capita Personal Income, 2005

64. Education and Training Approximately 1 of every 5 new jobs by 2014 in Missouri will require a bachelor’s degree or higher. Source: MERIC Occupational Projections

66. Economic Share Source: MERIC Economic Share in Missouri by County St. Louis County (20.7%) and Jackson County (11.8%) together tally nearly one-third of the state’s economy. Pull Factors

67. AreanameTotal Sales Pull FactorGain/Loss SOURCE: OSEDA analysis of Missouri Sales Tax Preliminary Data, 2006 Pull Factors 2006 CAMDEN COUNTY$766,339,4061.49$253,429,247 LACLEDE COUNTY$382,466,3640.85($66,186,943) MILLER COUNTY$325,024,5151.01$3,584,166 MORGAN COUNTY$170,337,4360.64($95,483,015) PULASKI COUNTY$305,221,7550.53($269,538,876)

68. Financial Services Source: MERIC and U.S. Bureau of Labor Statistics-QCEW Employment Density The Financial Services sector employs Missourians not only in the major metropolitan areas, but all over the state.

69. Innovation Age Prosperity Strategies Factors and policies that boost prosperity: Education Level Science and Technology Activity Export-oriented Industries Entrepreneurial Initiative Innovation across Industries/Sectors Reduction of Poverty and Inequality Source: CEOs for Cities and Milken Institute

72. Overview Big Picture Trends (“constant bearing….decreasing range”) Emerging Characteristics at the Lake –Demographic –Economic Trends Discussion WWW.OSEDA.MISSOURI.EDU

73. 2007 Lake Area Business Conference Osage Beach March 7, 2007 Bill Elder, Director Office of Social & Economic Data Analysis University of Missouri--Columbia