ajša sulji ć regional labor economist november 29th, 2011

1

Ajša Suljić

Regional Labor Economist

November 29th, 2011

Benton-Franklin Region

Economic Overview

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Benton Franklin RegionOct 2010 UI rate 7.8%

Source: Employment Security Department/LMEA; BLS

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All Employees: Total Nonfarm, WashingtonSA

All Employees: Total Nonfarm, Kennewick-Richland-Pasco MSASA

10050095Source: BLS-ESD 2011

3000000

2800000

2600000

2400000

2200000

2000000

105000

97500

90000

82500

75000

67500

60000

Annual Growth Rate est. at 3% since 2006During recession; (12/07-06/09)

B/F= 2.7% and WA=-5.1% 25 months after recession; (06/08-09/11)

B/F=4.0% and WA=0.1%

Review in numbers

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Benton-Franklin RegionIndustry Share

Franklin Avg 2010

Emp 28,929Wage $32,619

Benton Avg 2010

Emp 79,939

Wage $49,474

16%

15%

11%

11%10%

10%

9%

7%

6%5%

Source: Bureau of Labor Statistics-QCEW-LMEA- Avg 2010

Public Administration

All Other Industries (private industries not listed individually)Professional, Scientific, and Technical ServicesAdministrative and Support and Waste Management and Remediation ServicesRetail Trade

Agriculture, Forestry, Fishing and HuntingHealth Care and Social Assistance

Accommodation and Food Services

Manufacturing

Construction

Source: Employment Security Dept/LMEA; QCEW Avg. 2010; BLS

Public administrationAll other industries (private industries not listed individually)Professional, scientific and technical servicesAdministrative support and waste mgmt. and remediation servicesRetail tradeAgriculture, forestry, fishing and huntingHealth care and social assistanceAccommodation and food servicesManufacturingConstruction

16%

15%

11%

11%10%

10%

9%

7%

6%5%






Manufacturing

Construction

16%

15%

11%

11%10%

10%

9%

7%

6%5%






Manufacturing

Construction

16%

15%

11%

11%10%

10%

9%

7%

6%5%






Manufacturing

Construction

16%

15%

11%

11%10%

10%

9%

7%

6%5%






Manufacturing

Construction

16%

15%

11%

11%10%

10%

9%

7%

6%5%






Manufacturing

Construction

16%

15%

11%

11%10%

10%

9%

7%

6%5%






Manufacturing

Construction

16%

15%

11%

11%10%

10%

9%

7%

6%5%






Manufacturing

Construction

16%

15%

11%

11%10%

10%

9%

7%

6%5%






Manufacturing

Construction

16%

15%

11%

11%10%

10%

9%

7%

6%5%






Manufacturing

Construction

16%

15%

11%

11%10%

10%

9%

7%

6%5%






Manufacturing

Construction

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Industry Contributions to

Employment Change…

Agriculture, Forestry, Fishing and Hunting

Utilities

Manufacturing

Retail Trade

Information

Real Estate and Rental and Leasing

Management of Companies and Enterprises

Education Services

Arts, Entertainment, and Recreation

Other Services (except Public Administration)

(1,500) (1,000) (500) - 500 1,000 1,500 2,000 2,500 3,000 3,500

2005-20062006-20072007-20082008-20092009-2010

Avg Annual Employment, 2010108,867

Source: Employment Security Dept/LMEA; QCEW Avg. 2010; BLS

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Average Annual Wages by Industry 2010

Source: QWI Online-BLS

Agriculture, Forestry, Fishing and HuntingMining

UtilitiesConstruction

ManufacturingWholesale Trade

Retail TradeTransportation and Warehousing

InformationFinance and Insurance

Real Estate and Rental and LeasingProfessional, Scientific, and Technical Services

Management of Companies and EnterprisesAdministrative and Support and Waste Management and Remediation Services

Education ServicesHealth Care and Social Assistance

Arts, Entertainment, and RecreationAccommodation and Food Services

Other Services (except Public Administration)Public Administration

$0 $20,000 $40,000 $60,000 $80,000 $100,000

$21,531$0$0

$50,611$43,522$43,324

$25,447$35,166$35,707

$48,790$29,545

$80,276$88,921

$77,619$33,637

$40,283$15,767$15,151

$18,280$50,931

Average (Mean) Annual Wages 2010

Avg Annual Wage, 2010 $44,996

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Benton-Franklin Region

Hanford and Agricultural Clusters

Employment 18,005 16.50%

Wages $1,719,544,788 35.10%

Average Wage $95,505

Hanford Estimated Employment and Wage Share

Employment 15,491 14.20%

Wages $403,290,374 8.20%

Average Wage $26,034

Agricultural and Value Added Manufacturing Employment and Wage Share

Source: BLS-LMEA-RLE estimates for Avg 2010

•An estimated 30.8% of total employment is in two industry clusters- Hanford and Agriculture.

•About 43.3% of total wages are in these two clusters.

•Five year annual growth rate of 4.7% (4.0% and 5.4% respectively).

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Population Change Benton and Franklin Region

POP 2010 253,340

Source: US CENSUS

1960

1962

1964

1966

1968

1970

1972

1974

1976

1978

1980

1982

1984

1986

1988

1990

1992

1994

1996

1998

2000

2002

2004

2006

2008

2010

2012

2014

2016

2018

2020

2022

2024

2026

2028

2030

0

50,000

100,000

150,000

200,000

250,000

300,000

350,000

Franklin Proj Benton Proj Franklin Benton KPR MSA KPR MSA Proj

Pop Change 2000-2010KPR MSA 32.1%Benton County 23.0%Franklin County 58.4%

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Poverty RateBenton and Franklin Region

2000 2006 2007 2008 2009 2010U.S. 13.2% 13.3% 13.0% 13.3% 14.3% 15.3%State 11.3% 11.8% 11.4% 11.4% 12.3% 13.4%Franklin 19.2% 24.9% 16.0% 20.4% 18.4% 20.1%Benton 10.3% 13.9% 11.0% 14.8% 11.0% 12.9%

2000 2006 2007 2008 2009 2010U.S. 16.1% 18.3% 18.0% 18.3% 20.0% 21.6%State 13.7% 15.4% 15.0% 14.4% 16.2% 18.2%Franklin 26.2% 37.2% 21.8% 26.8% 25.6% 24.2%Benton 14.8% 22.2% 14.5% 23.0% 19.2% 19.2%

Poverty Rate: Children (<18 years old)

Poverty Rate: Total Population

Source: US Census, ACS data set

Benton Pop 175,177

MH I $59,409

Franklin

Pop 78,163MHI $49,873

KPR MSAMHI $56,407PV Rate 15.1%

Source: US Census

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Health Care industryHealth Care and Social Assistance Benton and Franklin Region 10.3 % of Total

Employment

2002 2003 2004 2005 2006 2007 2008 2009 20108,000

8,500

9,000

9,500

10,000

10,500

11,000

11,5002010 employment level at 11,195

5-year average annual growth 4.2%

2005-2010 change of 23.0 %

9.7% of total local payrolls

or $475.3 mill

Source: BLS, QCEW- Both Private and Government

Average Annual Wage$42,461

Average Annual Firms 597

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Health Care and Social Assistance Benton and Franklin Region

Main Industry Firm

Level Specific Industries

Ambulatory Health Care Services 399

(Offices of Physicians, Dentists, other Health Practitioners, Outpatient Care Centers, Medical and Diagnostic Laboratories, Home Health Care Services, and Other Ambulatory Health Care Services)

Hospitals 19(General Medical and Surgical Hospitals, Psychiatric and Substance Abuse Hospitals, and other)

Nursing and Residential Care Facilities 60

(Nursing Care Facilities, Residential Mental Retardation, Mental Health and Substance Abuse Facilities, Community Care Facilities for the Elderly, Other Residential Care Facilities)

Social Assistance 130

(Individual and Family Services, Community Food and Housing, and Emergency and Other Relief Services, Vocational Rehabilitation Services)

Source: BLS, QCEW, both Public and Private

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HEALTH INSURANCE COVERAGE BF region Benton County

Franklin County

Civilian noninstitutionalized population 253,472

253,472

175,485

175,485 77,987 77,987

With health insurance coverage 211,971

83.60%

150,094

85.50% 61,877

79.30%

With private health insurance159,091 62.80%

120,730

68.80% 38,361

49.20%

With public coverage81,493 32.20% 51,831

29.50% 29,662

38.00%

No health insurance coverage41,501

16.40% 25,391

14.50% 16,110

20.70%

Civilian noninstitutionalized population under 18 years 75,080 75,080 47,880 47,880 27,200 27,200

No health insurance coverage6,230 8.30% 3,379 7.10% 2,851

10.50%

Civilian noninstitutionalized population 18 to 64 years 151,810

151,810

106,798

106,798 45,012 45,012

Source: US Census, ACS 1-year 2010

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HEALTH INSURANCE COVERAGE BF region Benton County Franklin County In labor force:

117,689117,689 83,914 83,914 33,775 33,775

Employed:109,724

109,724 78,316 78,316 31,408 31,408

With health insurance coverage 87,803

80.00% 64,525 82.40% 23,278

74.10%

With private health insurance 82,333 75.00% 62,274 79.50% 20,059 63.90% With public coverage 8,424 7.70% 4,616 5.90% 3,808 12.10% No health insurance coverage

21,92120.00% 13,791 17.60% 8,130

25.90%

Unemployed: 7,965 7,965 5,598 5,598 2,367 2,367 With health insurance coverage 3,435

43.10% 2,454 43.80% 981

41.40%

With private health insurance 1,989 25.00% 1,444 25.80% 545 23.00% With public coverage 1,720 21.60% 1,158 20.70% 562 23.70% No health insurance coverage 4,530

56.90% 3,144 56.20% 1,386

58.60%

Not in labor force: 34,121 34,121 22,884 22,884 11,237 11,237 With health insurance coverage 25,484

74.70% 17,861 78.10% 7,623

67.80%

With private health insurance 17,369 50.90% 12,958 56.60% 4,411 39.30% With public coverage 11,559 33.90% 7,690 33.60% 3,869 34.40% No health insurance coverage 8,637

25.30% 5,023 21.90% 3,614

32.20%

Source: US Census, ACS 1-year 2010

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Where are we going…

Population is expected to continue growing for the next 30 years.

Employment in general is expected to grow on average 2.4% a year through 2014 and then slow down to 1.6% growth through 2019

Industries that will be leading growth Health Care and Social AssistanceManufacturingEducational ServicesProfessional, Scientific, and Technical

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Thank YouFor Any Questions or CommentsAbout Labor Market Information

Contact

Ajša Suljić Regional Labor Economist

[email protected]

mailto:[email protected]

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Check out Washington State Labor Market Information in your areas on the WWW and by contacting your local Economist

Labor Market andEconomic Analysis

ajša sulji ć regional labor economist november 29th, 2011

Documents

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