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Economy Overview
wda6
Emsi Q4 2018 Data Set | www.economicmodeling.com
Economy Overview
Emsi Q4 2018 Data Set | www.economicmodeling.com
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ContentsEconomy OverviewHistoric & Projected TrendsPopula on Characteris csIndustry Characteris csBusiness Characteris csWorkforce Characteris csEduca onal Pipeline
Economy Overview
Emsi Q4 2018 Data Set | www.economicmodeling.com
As of 2018 the region's popula on declined by 0.4%since 2013, falling by 1,766. Popula on is expected todecrease by 0.1% between 2018 and 2023, losing 228.
From 2013 to 2018, jobs increased by 2.2% in wda6from 211,900 to 216,472. This change fell short of thena onal growth rate of 7.4% by 5.2%. As the numberof jobs increased, the labor force par cipa on rateincreased from 63.7% to 64.4% between 2013 and2018.
Concerning educa onal a ainment, 15.0% of theselected regions' residents possess a Bachelor'sDegree (3.6% below the na onal average), and 10.8%hold an Associate's Degree (2.8% above the na onalaverage).
The top three industries in 2018 are Educa on andHospitals (Local Government), Restaurants and OtherEa ng Places, and Local Government, ExcludingEduca on and Hospitals.
Economy Overview411,694 216,472 $50.6K
Popula on (2018) Jobs (2018) Avg. Earnings Per Job (2018)Popula on decreased by 1,766
over the last 5 years and isprojected to decrease by 228
over the next 5 years.
Jobs grew by 4,572 over the last5 years and are projected to grow
by 4,050 over the next 5 years.
Regional average earnings per jobare $14.2K below the na onalaverage earnings of $64.7K per
job.
Region 411,694 220,943 216,472 99.7 $20.57B $25.76B $24.94Bgrownorth 194,529 104,635 84,562 100.7 $7.35B $12.18B $9.70BEau Claire County, WI 104,183 60,294 62,856 98.6 $5.63B $5.68B $6.02B
Popula on(2018)LaborForce(2018) Jobs(2018) Cost ofLiving GRP Imports Exports
Economy Overview
Emsi Q4 2018 Data Set | www.economicmodeling.com 1
Economy Overview - Cont.2018 Labor Force Breakdown
Popula on411,694
Educa onal A ainmentConcerning educa onal a ainment, 15.0% of the selected regions' residents possess a Bachelor's Degree (3.6% below thena onal average), and 10.8% hold an Associate's Degree (2.8% above the na onal average).
Popula onA Total Working Age Popula on 342,887A Not in Labor Force (15+) 121,944A Labor Force 220,943A Employed 213,740A Unemployed 7,203A Under 15 68,807
% of Popula on Popula onA Less Than 9th Grade 3.7% 10,689A 9th Grade to 12th Grade 5.8% 16,863A High School Diploma 36.4% 106,691A Some College 20.8% 60,868A Associate's Degree 10.8% 31,675A Bachelor's Degree 15.0% 43,873A Graduate Degree and Higher 7.5% 22,081
Economy Overview
Emsi Q4 2018 Data Set | www.economicmodeling.com 2
Historic & Projected TrendsPopula on TrendsAs of 2018 the region's popula on declined by 0.4% since 2013, falling by 1,766. Popula on is expected to decrease by 0.1%between 2018 and 2023, losing 228.
2013 413,4602014 412,4852015 411,6572016 411,3712017 412,2082018 411,6942019 411,6302020 411,5792021 411,5362022 411,4992023 411,466
Timeframe Popula on
Economy Overview
Emsi Q4 2018 Data Set | www.economicmodeling.com 3
Historic & Projected Trends - Cont.Job TrendsFrom 2013 to 2018, jobs increased by 2.2% in wda6 from 211,900 to 216,472. This change fell short of the na onal growthrate of 7.4% by 5.2%.
2013 211,9002014 211,5522015 213,9292016 215,5072017 215,9822018 216,4722019 217,6902020 218,6672021 219,4772022 220,1672023 220,521
Timeframe Jobs
Economy Overview
Emsi Q4 2018 Data Set | www.economicmodeling.com 4
Historic & Projected Trends - Cont.Labor Force Par cipa on Rate Trends
2013 63.27%2014 62.37%2015 62.35%2016 62.57%2017 62.84%January - April 2018 63.11%May 2018 63.66%June 2018 65.08%July 2018 64.44%
Timeframe Labor Force Par cipa on Rate
Economy Overview
Emsi Q4 2018 Data Set | www.economicmodeling.com 5
Historic & Projected Trends - Cont.Unemployment Rate TrendsYour areas had a July 2018 unemployment rate of 3.26%, decreasing from 7.63% 5 years before.
2013 7.63%2014 6.13%2015 5.01%2016 4.27%2017 3.48%January - April 2018 3.52%May 2018 2.73%June 2018 3.53%July 2018 3.26%
Timeframe Unemployment Rate
Economy Overview
Emsi Q4 2018 Data Set | www.economicmodeling.com 6
Your area has 71,116 millennials(ages 20-34). The na onal averagefor an area this size is 85,374.
Re rement risk is high in yourarea. The na onal average for anarea this size is 117,510 people 55or older, while there are 147,632here.
Racial diversity is low in your area.The na onal average for an areathis size is 161,882 racially diversepeople, while there are 38,202here.
Your area has 32,205 veterans.The na onal average for an areathis size is 24,849.
Your area has 1.19 violent crimesper 1,000 people. The na onalrate is 3.75 per 1,000 people.
Your area has 15.99 propertycrimes per 1,000 people. Thena onal rate is 24.21 per 1,000people.
Popula on Characteris cs
Reliable Commu ng Informa on Is Not Available
71,116Millennials
147,632Re ring Soon
38,202Racial Diversity
32,205Veterans
1.19/1,000
Violent Crime
15.99/1,000
Property Crime
Reliable commu ng informa on is not available in your area because there are too few jobs.
Economy Overview
Emsi Q4 2018 Data Set | www.economicmodeling.com 7
Industry Characteris csLargest Industries
Industry Jobs Na onal Average
0 5,000 10,000 15,000 20,000 25,000 30,000Mining, Quarrying, and Oil and Gas Extrac on
U li esEduca onal Services
Real Estate and Rental and LeasingInforma on
Arts, Entertainment, and Recrea onManagement of Companies and Enterprises
Professional, Scien fic, and Technical Services
Administra ve and Support and Waste Management andRemedia on Services
Wholesale TradeAgriculture, Forestry, Fishing and Hun ng
Other Services (except Public Administra on)Construc on
Transporta on and WarehousingFinance and Insurance
Accommoda on and Food ServicesRetail Trade
GovernmentHealth Care and Social Assistance
Manufacturing
Economy Overview
Emsi Q4 2018 Data Set | www.economicmodeling.com 8
Industry Characteris cs - Cont.Top Growing Industries
Industry Jobs Growth
0 500 1,000 1,500 2,000Mining, Quarrying, and Oil and Gas Extrac on
Informa onReal Estate and Rental and Leasing
Professional, Scien fic, and Technical ServicesWholesale Trade
Construc onAgriculture, Forestry, Fishing and Hun ng
Accommoda on and Food ServicesArts, Entertainment, and Recrea on
Finance and InsuranceAdministra ve and Support and Waste Management and Remedia on Services
Management of Companies and EnterprisesManufacturing
Economy Overview
Emsi Q4 2018 Data Set | www.economicmodeling.com 9
Industry Characteris cs - Cont.Top Industry LQ
Industry LQ
0.00 1.00 2.00 3.00Mining, Quarrying, and Oil and Gas Extrac on
Educa onal ServicesProfessional, Scien fic, and Technical Services
Administra ve and Support and Waste Management and Remedia on ServicesReal Estate and Rental and Leasing
Informa onArts, Entertainment, and Recrea on
Construc onU li es
GovernmentAccommoda on and Food Services
Other Services (except Public Administra on)Wholesale Trade
Health Care and Social AssistanceRetail Trade
Management of Companies and EnterprisesTransporta on and Warehousing
Finance and InsuranceManufacturing
Agriculture, Forestry, Fishing and Hun ng
Economy Overview
Emsi Q4 2018 Data Set | www.economicmodeling.com 10
Industry Characteris cs - Cont.Top Industry GRP
2017 Gross Regional Product
$0.000 $1.000B $2.000B $3.000BEduca onal Services
Arts, Entertainment, and Recrea onMining, Quarrying, and Oil and Gas Extrac on
U li esManagement of Companies and Enterprises
Administra ve and Support and Waste Management and Remedia on ServicesOther Services (except Public Administra on)
Informa onReal Estate and Rental and Leasing
Professional, Scien fic, and Technical ServicesAccommoda on and Food Services
Agriculture, Forestry, Fishing and Hun ngTransporta on and Warehousing
Construc onWholesale Trade
Retail TradeGovernment
Health Care and Social AssistanceFinance and Insurance
Manufacturing
Economy Overview
Emsi Q4 2018 Data Set | www.economicmodeling.com 11
Industry Characteris cs - Cont.Top Industry Earnings
2018 Earnings Per Worker
$0 $20,000 $40,000 $60,000 $80,000 $100,000 $120,000Accommoda on and Food Services
Arts, Entertainment, and Recrea onEduca onal Services
Other Services (except Public Administra on)Retail Trade
Agriculture, Forestry, Fishing and Hun ngAdministra ve and Support and Waste Management and Remedia on Services
Real Estate and Rental and LeasingTransporta on and Warehousing
Construc onGovernment
Wholesale TradeInforma on
ManufacturingHealth Care and Social Assistance
Professional, Scien fic, and Technical ServicesManagement of Companies and Enterprises
Mining, Quarrying, and Oil and Gas Extrac onFinance and Insurance
U li es
Economy Overview
Emsi Q4 2018 Data Set | www.economicmodeling.com 12
Industry Characteris cs - Cont.
Manufacturing 31,328 33,691 2,363 +8% 1.98 $63,555 $3.83BHealth Care and Social Assistance 30,993 28,552 -2,441 -8% 1.04 $63,692 $2.11BGovernment 28,549 28,106 -443 -2% 0.86 $58,899 $1.81BRetail Trade 26,288 25,174 -1,114 -4% 1.14 $31,146 $1.46BAccommoda on and FoodServices 16,271 16,987 716 +4% 0.91 $17,442 $531.77M
Finance and Insurance 11,921 12,765 844 +7% 1.47 $76,485 $2.73BTransporta on and Warehousing 10,112 10,080 -32 0% 1.32 $53,726 $782.43MConstruc on 9,000 9,577 577 +6% 0.81 $53,800 $839.88MOther Services (except PublicAdministra on) 10,311 9,553 -758 -7% 0.92 $25,349 $361.88M
Agriculture, Forestry, Fishing andHun ng 8,824 9,509 685 +8% 3.67 $32,727 $636.35M
Wholesale Trade 7,826 8,338 512 +7% 1.03 $59,604 $1.21BAdministra ve and Support andWaste Management andRemedia on Services
5,158 6,053 895 +17% 0.45 $33,032 $293.63M
Professional, Scien fic, andTechnical Services 4,917 5,330 413 +8% 0.38 $63,843 $520.34M
Management of Companies andEnterprises 2,226 3,629 1,403 +63% 1.18 $64,235 $267.17M
Arts, Entertainment, andRecrea on 2,068 2,800 732 +35% 0.75 $18,177 $79.67M
Informa on 2,323 2,472 149 +6% 0.62 $63,514 $449.47MReal Estate and Rental and Leasing 1,543 1,729 186 +12% 0.47 $38,068 $499.85MEduca onal Services 1,415 1,312 -103 -7% 0.23 $22,855 $35.68MU li es 644 629 -15 -2% 0.84 $125,417 $260.52M
Industry 2013Jobs 2018Jobs Change in Jobs%Changein Jobs 2018LQ 2018 EarningsPer Worker 2017 GRP
Economy Overview
Emsi Q4 2018 Data Set | www.economicmodeling.com 13
Industry Characteris cs - Cont.
Mining, Quarrying, and Oil andGas Extrac on 181 187 6 +3% 0.21 $68,474 $89.24M
Industry 2013Jobs 2018Jobs Change in Jobs % Changein Jobs 2018LQ 2018 EarningsPer Worker 2017 GRP
Economy Overview
Emsi Q4 2018 Data Set | www.economicmodeling.com 14
Business Characteris cs23,341 Companies Employ Your WorkersOnline profiles for your workers men on 23,341 companies as employers, with the top 10 appearing below. In the last 12months, 3,991 companies in your area posted job pos ngs, with the top 10 appearing below.
Marshfield Clinic 1,767Aspirus Wausau Hospital, Inc. 1,408Ministry Health Care, Inc. 866Sentry Insurance 852University of Wisconsin Stevens Point… 832Greenheck Fan Corpora on 559Liberty Mutual Insurance Company… 446Wausau School District 412Saint Joseph's Hospital of Atlanta, Inc.… 385Church Mutual Insurance Company… 362
Top Companies ProfilesMarshfield Clinic 1,869Roehl Transport, Inc. 1,530Aspirus Wausau Hospital, Inc. 1,482Pla num Supplemental Insurance, Inc.… 1,245Tutree, Inc. 999Ascension Health 767Remedy Intelligent Staffing 758Shopko Stores Opera ng Co., LLC… 745Barr-Nunn Transporta on, Inc. 721United Parcel Service, Inc. 714
Top Companies Pos ng Unique Pos ngs
Economy Overview
Emsi Q4 2018 Data Set | www.economicmodeling.com 15
Business Characteris cs - Cont.Business Size
*Business Data by DatabaseUSA.com is third-party data provided by Emsi to its customers as a convenience, and Emsi does not endorse or warrant itsaccuracy or consistency with other published Emsi data. In most cases, the Business Count will not match total companies with profiles on the summary tab.
Percentage Business CountA 1 to 4 employees 39.7% 7,678A 5 to 9 employees 24.9% 4,826A 10 to 19 employees 18.8% 3,646A 20 to 49 employees 12.2% 2,370A 50 to 99 employees 2.5% 475A 100 to 249 employees 1.2% 235A 250 to 499 employees 0.4% 86A 500+ employees 0.2% 34
Economy Overview
Emsi Q4 2018 Data Set | www.economicmodeling.com 16
Workforce Characteris csLargest Occupa ons
Occupa on Jobs Na onal Average
0 5,000 10,000 15,000 20,000 25,000 30,000Military-only
LegalLife, Physical, and Social Science
Architecture and EngineeringArts, Design, Entertainment, Sports, and Media
Community and Social ServiceProtec ve Service
Computer and Mathema calFarming, Fishing, and Forestry
Healthcare SupportBuilding and Grounds Cleaning and Maintenance
Personal Care and ServiceConstruc on and Extrac on
Installa on, Maintenance, and RepairBusiness and Financial Opera ons
Educa on, Training, and LibraryHealthcare Prac oners and Technical
ManagementFood Prepara on and Serving Related
Transporta on and Material MovingSales and Related
Produc onOffice and Administra ve Support
Economy Overview
Emsi Q4 2018 Data Set | www.economicmodeling.com 17
Workforce Characteris cs - Cont.Top Growing Occupa ons
Occupa on Jobs Growth
0 500 1,000 1,500Military-only
Building and Grounds Cleaning and MaintenanceCommunity and Social Service
Life, Physical, and Social ScienceSales and Related
Arts, Design, Entertainment, Sports, and MediaArchitecture and Engineering
Educa on, Training, and LibraryConstruc on and Extrac on
Transporta on and Material MovingManagement
Installa on, Maintenance, and RepairComputer and Mathema cal
Farming, Fishing, and ForestryFood Prepara on and Serving Related
Personal Care and ServiceBusiness and Financial Opera ons
Produc on
Economy Overview
Emsi Q4 2018 Data Set | www.economicmodeling.com 18
Workforce Characteris cs - Cont.Top Occupa on LQ
Occupa on LQ
0.00 1.00 2.00Military-only
LegalComputer and Mathema cal
Architecture and EngineeringProtec ve Service
Life, Physical, and Social ScienceArts, Design, Entertainment, Sports, and Media
Business and Financial Opera onsPersonal Care and Service
Educa on, Training, and LibraryBuilding and Grounds Cleaning and Maintenance
Construc on and Extrac onCommunity and Social Service
Sales and RelatedFood Prepara on and Serving Related
Office and Administra ve SupportHealthcare Support
Healthcare Prac oners and TechnicalInstalla on, Maintenance, and Repair
ManagementTransporta on and Material Moving
Produc onFarming, Fishing, and Forestry
Economy Overview
Emsi Q4 2018 Data Set | www.economicmodeling.com 19
Workforce Characteris cs - Cont.Top Occupa on Earnings
2017 Avg. Hourly Earnings
$0.00 $10.00 $20.00 $30.00Food Prepara on and Serving Related
Personal Care and ServiceBuilding and Grounds Cleaning and Maintenance
Farming, Fishing, and ForestryHealthcare Support
Office and Administra ve SupportSales and Related
Transporta on and Material MovingProduc on
Arts, Design, Entertainment, Sports, and MediaCommunity and Social Service
Protec ve ServiceInstalla on, Maintenance, and Repair
Construc on and Extrac onEduca on, Training, and Library
Military-onlyLife, Physical, and Social Science
Business and Financial Opera onsArchitecture and EngineeringComputer and Mathema cal
ManagementHealthcare Prac oners and Technical
Legal
Economy Overview
Emsi Q4 2018 Data Set | www.economicmodeling.com 20
Workforce Characteris cs - Cont.Top Posted Occupa ons
Unique Average Monthly Pos ngs
0 500 1,000 1,500 2,000Military-only
Farming, Fishing, and ForestryLegal
Life, Physical, and Social ScienceProtec ve Service
Construc on and Extrac onArts, Design, Entertainment, Sports, and Media
Building and Grounds Cleaning and MaintenanceCommunity and Social ServiceArchitecture and Engineering
Personal Care and ServiceHealthcare Support
Computer and Mathema calEduca on, Training, and Library
Installa on, Maintenance, and RepairProduc on
Business and Financial Opera onsFood Prepara on and Serving Related
ManagementOffice and Administra ve Support
Sales and RelatedHealthcare Prac oners and Technical
Transporta on and Material Moving
Economy Overview
Emsi Q4 2018 Data Set | www.economicmodeling.com 21
Workforce Characteris cs - Cont.
Office andAdministra ve Support 31,796 30,924 -872 -3% 0.97 $16.44 1,070
Produc on 22,889 24,762 1,873 +8% 1.96 $18.12 406Sales and Related 19,873 20,013 140 +1% 0.93 $17.03 1,628Transporta on andMaterial Moving 17,407 17,686 279 +2% 1.22 $17.61 2,258
Food Prepara on andServing Related 16,410 17,050 640 +4% 0.94 $10.19 538
Management 13,286 13,609 323 +2% 1.13 $33.13 548Healthcare Prac onersand Technical 13,134 11,910 -1,224 -9% 0.99 $34.17 2,029
Educa on, Training, andLibrary 10,451 10,649 198 +2% 0.86 $21.70 357
Business and FinancialOpera ons 8,580 9,493 913 +11% 0.85 $27.69 469
Installa on,Maintenance, andRepair
8,962 9,406 444 +5% 1.11 $20.98 382
Construc on andExtrac on 8,401 8,674 273 +3% 0.88 $21.63 127
Personal Care andService 7,146 8,030 884 +12% 0.86 $11.50 198
Building and GroundsCleaning andMaintenance
6,955 6,960 5 +0% 0.87 $12.59 163
Healthcare Support 6,427 5,804 -623 -10% 0.99 $15.09 277Farming, Fishing, andForestry 3,175 3,749 574 +18% 2.27 $14.57 8
Computer andMathema cal 3,130 3,643 513 +16% 0.59 $31.79 296
Protec ve Service 3,401 3,230 -171 -5% 0.66 $20.97 95
Occupa on 2013Jobs 2018Jobs Change in Jobs%Changein Jobs 2018LQ
2017 Avg.HourlyEarningsNov 2017 - Oct 2018Unique AverageMonthly Pos ngs
Economy Overview
Emsi Q4 2018 Data Set | www.economicmodeling.com 22
Workforce Characteris cs - Cont.
Community and SocialService 3,197 3,213 16 +1% 0.90 $20.85 178
Arts, Design,Entertainment, Sports,and Media
2,591 2,744 153 +6% 0.69 $18.33 138
Architecture andEngineering 2,192 2,378 186 +8% 0.65 $30.76 188
Life, Physical, andSocial Science 1,092 1,167 75 +7% 0.67 $27.48 63
Legal 932 905 -27 -3% 0.50 $35.88 28Military-only 471 476 5 +1% 0.42 $23.41 3
Occupa on 2013Jobs 2018Jobs Change in Jobs%Changein Jobs 2018LQ
2017 Avg.HourlyEarningsNov 2017 - Oct 2018Unique AverageMonthly Pos ngs
Economy Overview
Emsi Q4 2018 Data Set | www.economicmodeling.com 23
Educa onal PipelineIn 2017, there were 5,997 graduates in wda6. This pipeline has grown by 6% over the last 5 years. The highest share of thesegraduates come from Nursing Assistant/Aide and Pa ent Care Assistant/Aide, Welding Technology/Welder, and "BusinessAdministra on and Management, General".
Cer ficate Associate's Bachelor's Master's or Higher
Northcentral Technical College 2,311
University of Wisconsin-Stevens Point 2,172
Mid-State Technical College 897
Nicolet Area Technical College 576
State College of Beauty Culture Inc 41
Globe University 0
School Total Graduates (2017) Graduate Trend (2013 -2017)
Economy Overview
Emsi Q4 2018 Data Set | www.economicmodeling.com 24
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