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Economic Profile: Region 10 Uric Dufrene Sanders Chair in Business IU Southeast.

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Presentation on theme: "Economic Profile: Region 10 Uric Dufrene Sanders Chair in Business IU Southeast."— Presentation transcript:

1 Economic Profile: Region 10 Uric Dufrene Sanders Chair in Business IU Southeast

2 Outline Demographics Commuting patterns Employment and labor force Compensation Retail sales activity Historical long term growth Recent economic performance

3 DEMOGRAPHICS

4 Region 10 Crawford Clark Floyd Harrison Scott Washington

5 Population over Time Number Rank in State Percent of StateIndiana Yesterday (2000)262, %6,080,485 Today (2009)282, %6,417,276 Tomorrow (2015 projection) 289, %6,581,875 Percent Change 2000 to Today 7.70%2 5.50% Population Region 10 Source: STATS Indiana

6 Population by Age Region 10 Population Estimates by Age, 2009 NumberRank of 11 Pct Dist. in Regionin State Preschool (0 to 4)18, %6.90% School Age (5 to 17)48, %17.80% College Age (18 to 24)22, %10.00% Young Adult (25 to 44)77, %26.30% Older Adult (45 to 64)78, %26.00% Seniors (65 and older)37, %12.90% Source: STATS Indiana

7 Race and Ethnicity Region 10 Population Estimates by Race and Hispanic Origin, 2009 NumberRank of 11 Pct Dist. in Regionin State American Indian or Alaska Native Alone %0.30% Asian Alone1, %1.50% Black Alone12, %9.20% Native Hawaiian and Other Pac. Isl. Alone %0.10% White263, %87.80% Two or More Race Groups3, % Hispanic or Latino Origin (can be of any race) Non-Hispanic276, %94.50% Hispanic6, %5.50% Source: STATS Indiana

8 Household Types Region 10 Household Types NumberRank of 11 Pct Dist. in Regionin State Households in 2009 (includes detail not shown below) 110, % Married With Children22, %21.20% Married Without Children34, %29.80% Single Parents11, %9.80% Living Alone29, %27.30% Source: STATS Indiana

9 Income and Poverty Region 10 Income and Poverty NumberRank of 11 Percent of StateIndiana Per Capita Personal Income (annual) in 2009 $32, %$34,022 Welfare (TANF) Monthly Average Families in , %30,864 Food Stamp Recipients in , %829,907 Free and Reduced Fee Lunch Recipients in , %436,945 Source: STATS Indiana

10 School Enrollments Region 10 Source: STATS Indiana

11 IN=19.4% (BS)

12 COMMUTING PATTERNS

13 Clark Commuting Source: STATS Indiana

14 Floyd Commuting Source: STATS Indiana

15 Washington Commuting Source: STATS Indiana

16 Harrison Commuting Source: STATS Indiana

17 Crawford Commuting Source: STATS Indiana

18 Scott Commuting Source: STATS Indiana

19 EMPLOYMENT AND LABOR FORCE

20 Labor Force Distribution 2011

21 Payrolls by County 2010 Q4

22 Region 10 Payrolls

23 Source: Bureau of Labor Statistics

24 Non Farm Payrolls Recession Start to Now Source: STATS Indiana

25 Non Farm Payroll Levels Region 10 Source: STATS Indiana

26

27 COMPENSATION

28 Total Compensation Source: STATS Indiana

29 Total Compensation Per Job Source: STATS Indiana

30 Change in Compensation Per Job Source: STATS Indiana

31 RETAIL SALES ACTIVITY

32 Retail Sales, Region 10 Source: STATS Indiana

33 Retail Sales by County Source: STATS Indiana

34

35 LONG TERM GROWTH

36 Shift Share Analysis Allows us to determine county performance of specific sectors, relative to the nation and industry. Does the area enjoy any local competitive advantage?

37 Georgiastats.uga.edu

38 Did not keep pace by county 1999 to 2009 Georgiastats.uga.edu

39 RECENT ECONOMIC PERFORMANCE

40

41 Source: STATS Indiana

42

43

44

45

46 LOUISVILLE METRO

47 Unemployment Rates

48 Louisville Metro Payrolls Year on Year

49 Payrolls: National and L’ville (blue) Year over year Percent Change

50 Consumer Confidence and L’ville Employment(red)

51 Auto Sales Picking Up ?

52 More cars, More employment for Louisville (red)

53 Durable Goods Orders

54 Durable Goods and L’ville Employment (red)

55 National Manufacturing Index Louisville Employment (blue)

56 Thank You

57


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