Pike County Profile 2016-12-20¢  Pike County - 2 WORKFORCE Labor Force Activity Pike County's civilian

  • View
    0

  • Download
    0

Embed Size (px)

Text of Pike County Profile 2016-12-20¢  Pike County - 2 WORKFORCE Labor Force Activity Pike...

  • Pike County - 1

    Pike County Profile

    TABLE OF CONTENT

    Workforce

    Labor Force Activity

    Employment and Wages

    Job Creation and Net Job Flows

    Underemployment and Available Labor

    Commuting Patterns

    Workforce Report Link

    GDP & Employment Forecasts

    Socio-Demographics

    Population Characteristics and Projections

    Housing

    Per Capita Income

    Education

    Poverty

    Occupations

    High-Demand Occupations

    Fast-Growing Occupations

    High-Earning Occupations

    Transportation Maps

  • Pike County - 2

    WORKFORCE

    Labor Force Activity

    Pike County's civilian labor force averaged 14,929 workers in 2015, down 0.1 percent from 2014 (Table 1). Employment, on the other hand, increased as the county's economy is slowly recovering, rising by 0.6 percent to 13,923. From 2014 to 2015, county unemployment rate declined from 7.4 percent to 6.7 percent, as the number of employed residents grew while the labor force fell. The county's unemployment rate was higher than the average unemployment rate across the state and the country during the last year.

    Labor Force Employed Unemployed Rate Pike County 14,951 13,846 1,105 7.4% Alabama 2,161,313 2,014,284 147,029 6.8% United States 155,922,000 146,305,000 9,617,000 6.2%

    Labor Force Employed Unemployed Rate Pike County 14,929 13,923 1,006 6.7% Alabama 2,146,157 2,015,189 130,968 6.1% United States 157,130,000 148,834,000 8,296,000 5.3%

    Source: Alabama Department of Labor and U.S. Bureau of Labor Statistics.

    Table 1. Pike County Labor Force Information Year 2014

    Year 2015

    The 2015 average unemployment rate in Pike County was still higher than the levels seen 10 years ago in 2006. The lowest level of county's unemployment rate for the past decade was 4.0 percent in 2006. The unemployment rate increased sharply due to the last recession, reaching a peak of 9.5 percent in 2009, but started to decline afterwards.

    4.0%

    7.0%

    10.0%

    2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

    Figure 1. Pike County Unemployment Rate

    Source: Alabama Department of Labor and U.S. Bureau of Labor Statistics.

  • Pike County - 3

    Employment and Wages

    The Manufacturing industry sector was the leading employer in Pike County with 2,665 jobs in the second quarter of 2015, followed by Educational Services with 2,055 jobs (Table 2). Rounding out the top five industries by employment were Transportation and Warehousing; Retail Trade; and Accommodation and Food Services. These five industries provided 9,118 jobs, 66 percent of the county total employment.

    The average monthly wage across all industries in the county was $3,054. Three of the top five industries– Manufacturing; Educational Services; and Transportation and Warehousing–paid more than this average. Overall, the highest average monthly wages were in Finance and Insurance ($4,400); Manufacturing ($4,338); and Utilities ($4,168). Accommodation and Food Services paid the least at $942 per month.

    Share Rank

    11 Agriculture, Forestry, Fishing and Hunting 173 1.25% 14 $2,393 $2,492 21 Mining n.a. n.a. n.a. n.a. n.a.

    22 Utilities 61 0.44% 18 $4,168 $896 23 Construction 297 2.15% 11 $3,025 $2,698 31-33 Manufacturing 2,665 19.33% 1 $4,338 $3,005 42 Wholesale Trade 475 3.45% 8 $3,638 $3,250 44-45 Retail Trade 1,378 9.99% 4 $2,062 $1,431 48-49 Transportation and Warehousing 1,663 12.06% 3 $3,080 $2,462 51 Information 177 1.28% 13 $3,377 $1,872 52 Finance and Insurance 366 2.65% 9 $4,400 $2,552 53 Real Estate and Rental and Leasing 123 0.89% 16 $2,781 $2,892 54 Professional, Scientific, and Technical Services 120 0.87% 17 $2,771 $2,621 55 Management of Companies and Enterprises 148 1.07% 15 $2,795 $1,998 56 Administrative and Support and Waste Management and Remediation Services 316 2.29% 10 $1,591 $1,637 61 Educational Services 2,055 14.91% 2 $3,273 $2,040 62 Health Care and Social Assistance 1,231 8.93% 6 $3,178 $1,990 71 Arts, Entertainment, and Recreation 33 0.24% 19 $1,052 $616 72 Accommodation and Food Services 1,357 9.84% 5 $942 $803 81 Other Services (except Public Administration) 288 2.09% 12 $2,058 $1,478 92 Public Administration 861 6.25% 7 $3,471 $1,564 ALL INDUSTRIES 13,787 100% $3,054 $1,887

    Note: Employment and wage data include both full-time and part-time employees. Average monthly new hire earnings could include earnings for less than a full month of employment. n.a. - data not available. Source: Alabama Department of Labor and U.S. Census Bureau.

    Table 2. Pike County Employment and Wages (2nd Quarter 2015)

    Industry by 2-digit NAICS Code Total

    Employment

    Average Monthly

    Wage

    Average Monthly New

    Hire Wages

  • Pike County - 4

    Based on broad industry classification, service providing industries accounted for 71.0 percent of all jobs in Pike County in the second quarter of 2015. Goods producing industries contributed 22.7 percent and 6.2 percent of all jobs were in public administration (Figure 2).

    6.2%

    71.0%

    22.7%

    0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

    Public Administration

    Service Providing

    Goods Producing

    Figure 2. Pike County Employment Distribution

    Source: Alabama Department of Labor and U.S. Census Bureau.

    Employment in Pike County averaged 13,571 quarterly from the second quarter of 2009 through the second quarter of 2015 (Figure 3). Over the past six years, the number of quarterly jobs varied from a high of 14,110 in the fourth quarter of 2010 to a low of 12,870 in the first quarter of 2013.

    12,000

    13,500

    15,000

    Figure 3. Pike County Employment

    Source: Alabama Department of Labor and U.S. Census Bureau.

  • Pike County - 5

    Job Creation and Net Job Flows

    On average, 506 new jobs were created per quarter in Pike County from the second quarter of 2009 to the second quarter of 2015. The number of new jobs reported were created either by new area businesses or through the expansion of existing firms. Figure 4 shows that job creation has improved during this time period, increasing to 539 jobs in the second quarter of 2015. Quarterly net job flows, or the difference between employment in the current and prior quarter at all businesses, averaged 41 over the last six years (Figure 5). During this time period, net job flows in Pike County have ranged from a quarterly loss of 167 in the second quarter of 2011 to a quarterly gain of 312 in the fourth quarter of 2009.

    300

    500

    700

    900

    Figure 4. Pike County Job Creation

    Source: Alabama Department of Labor and U.S. Census Bureau.

    -300

    0

    300

    600

    Figure 5. Pike County Job Flows

    Source: Alabama Department of Labor and U.S. Census Bureau.

  • Pike County - 6

    Underemployment and Available Labor

    Pike County had an underemployment rate of 17.7 percent in 2015. Applying this rate to March 2016 labor force data means that 2,492 employed residents were underemployed (Table 3). Adding the unemployed gives a total available labor pool of 3,475 for the county. This pool is 3.5 times the number of unemployed.

    Labor force 15,101 Employed 14,118 Underemployment rate 17.7% Underemployed workers 2,492 Unemployed 983 Available labor pool 3,475

    Table 3. Pike County Available Labor

    Note: Rounding errors may be present. Based on March 2016 labor force data and 2015 underemployment rates. Source: Center for Business and Economic Research, The University of Alabama and Alabama Department of Labor.

    Commuting Patterns

    In 2014, there were 822 more in-commuters than out-commuters in Pike County (Table 4). The one-way commute in 2015 took less than 20 minutes for 60.8 percent of workers, but more than 40 minutes for 9.8 percent; 2.0 percent exceeded one hour. About 33.3 percent of all workers spent 20 to 60 minutes, up from 32.6 percent in 2014. The 2015 commute was less than 10 miles for 49.0 percent of workers, while 32.7 percent traveled 10 to 25 miles. About 16.3 percent of workers traveled more than 25 miles one-way, with 4.1 percent exceeding 45 miles. The 49.0 percent traveling at least 10 miles one-way in 2015 was down from 50.0 percent in 2014.

    Number Percent Number Percent 7,050 100.0 6,228 100.0

    2010 2011 2012 2013 2014 2015 71.2 64.7 60.0 61.8 50.0 60.8 11.9 19.6 18.5 23.6 26.1 25.5 6.8 5.9 9.2 10.9 6.5 7.8 6.8 5.9 3.1 0.0 4.4 2.0

    2010 2011 2012 2013 2014 2015 58.6 53.1 50.8 50.0 50.0 49.0 24.1 30.6 32.8 29.6 32.5 32.7 6.9 8.2 8.2 9.3 2.5 12.2 6.9 8.2 8.2 7.4 15.0 4.1

    Note: Rounding errors may be present. Respondents that did not indicate their travel time are not included. Source: U.S. Census Bureau and Center for Business and Economic Research, The University of Alabama.

    Less than 10 miles 10 to 25 miles 25 to 45 miles More than 45 miles

    More than an hour

    Average commute distance (one-way)

    40 minutes to an hour

    Percent of workers

    Less than 20 minutes 20 to 40 minutes

    Table 4. Pike County Commuting Patterns Inflow, 2014 Outflow, 2014

    Average commute time (one-way) Percent of workers

    Workforce Report Link

    The workforce report for the county is available at: http://www2.labor.alabama.gov/workforcedev/WorkforceReports