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434.979.5610 Economic Challenges in the Greater Charlottesville Region.

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Presentation on theme: "434.979.5610 Economic Challenges in the Greater Charlottesville Region."— Presentation transcript:

1 www.tjped.com 434.979.5610 harvey@tjped.com Economic Challenges in the Greater Charlottesville Region

2 www.tjped.com 434.979.5610 harvey@tjped.com DISCUSSION TOPICS Is underemployment really an issue? Is Charlottesville immune from recession? Are we losing our middle class? What’s behind the chronic unemployment and poverty in the African-American community?

3 www.tjped.com 434.979.5610 harvey@tjped.com ISSUE 1 Is Underemployment Really an Issue?

4 www.tjped.com 434.979.5610 harvey@tjped.com Many Residents Leave the Region for Work… WIA 6 Commuting to Work (2000 Census) NOVA RIC FB VAL (~ 22,200) (~ 2,800) (~ 4,700) (~ 1,900) LYN (~ 1,100) ~ 32,000 residents work outside of the region. Greater Charlottesville is a net importer ~10,500 go out, ~12,000 come in Who are they and why do they leave?

5 www.tjped.com 434.979.5610 harvey@tjped.com Educational Attainment vs. Employment (US Census Educational Attainment; US Department of Labor Quarterly Census of Employment & Wages) TJPDCAlbemarleC’villeVirginia Labor Demand (Jobs) Low Skill52.60%51.30%52.40%55.30% Medium Skill22.70%18.80%28.00%21.80% High Skill24.70%29.90%19.60%22.80% Labor Supply (Residents) Low Skill40.20%31.60%29.70%44.20% Medium Skill26.50%21.30%39.40%27.30% High Skill33.30%47.10%30.90%28.60% Underemployed Low Skill-12.40%-19.70%-22.70%-11.20% Medium Skill3.80%2.50%11.40%5.40% High Skill8.50%17.20%11.30%5.80%

6 www.tjped.com 434.979.5610 harvey@tjped.com ISSUE 1 Is Underemployment Really an Issue? Anecdotal evidence is pointing in that direction. It warrants a more in-depth look.

7 www.tjped.com 434.979.5610 harvey@tjped.com ISSUE 2 Is Charlottesville Immune from Recession? Are we Losing our Middle Class?

8 www.tjped.com 434.979.5610 harvey@tjped.com Unemployment in Greater Charlottesville TJPDC Unemployment, 1990-2009 vs. VA and US (VA Employment Commission)

9 www.tjped.com 434.979.5610 harvey@tjped.com Greater Charlottesville Employee Growth by Industry Q1 1990 - Q1 2009 (US Department of Labor, Quarterly Census of Employment & Wages) (L8 - 12) $430.00 (L14 – 16) $911.40 (12 – 14) $930.49 (L14 – 20) $1,280.21

10 www.tjped.com 434.979.5610 harvey@tjped.com Greater Charlottesville - Industry by Occupation (Q1 1990 US Department of Labor Quarterly Census of Employment & Wages - Employees (n = 75,692) 29.1% 9.6% 34.2% 27.1% (L8 - 12) $19,784 (L14 – 16) $39,345 (12 – 14) $37,361 (L14 – 20) $42,639

11 www.tjped.com 434.979.5610 harvey@tjped.com Greater Charlottesville - Industry by Occupation (Q1 2009 US Department of Labor Quarterly Census of Employment & Wages - Employees (n = 100,971) 29% 10% 34% 27% 29.7% 12.8% 40.7% 16.8% (L8 - 12) $22,630 – UP 0.73% (L14 – 16) $47,393 – UP 1.05% (12 – 14) $44,385 – UP 0.94% (L14 – 20) $66,571 – UP 2.94% Q1 2009 (Average Wage $42,588) *Q1 1990-Q1 2009 Annual Employment Growth 1.73% *Q1 1990-Q1 2009 Annual Wage Growth 1.42%

12 www.tjped.com 434.979.5610 harvey@tjped.com Unemployment in the Culpeper Region RRPDC Unemployment, 1990-2009 vs. VA and US (VA Employment Commission)

13 www.tjped.com 434.979.5610 harvey@tjped.com Culpeper Employee Growth by Industry Q1 1990 – Q1 2009 (US Department of Labor, Quarterly Census of Employment & Wages) (L8 - 12) $435.32 (L14 – 16) $678.90 (12 – 14) $801.35 (L14 – 20) $1,087.70

14 www.tjped.com 434.979.5610 harvey@tjped.com Culpeper Industry by Occupation (Q1 1990 US DOL Quarterly Census of Employment & Wages - Employees (n = 33,701) Q1 1990 (Average Wage $30,854) 36.2% 9.3% 27.1% (L8 - 12) $20,654 (L14 – 16) $34,077 (12 – 14) $33,577 (L14 – 20) $40,600

15 www.tjped.com 434.979.5610 harvey@tjped.com Culpeper Industry by Occupation (Q1 1990 US DOL Quarterly Census of Employment & Wages - Employees (n = 47,976) 27.5% 9.5% 32.8% 30.2% (L8 - 12) $22,637 – UP 9.6% (L14 – 16) $35,303 – UP 3.5% (12 – 14) $41,670 – UP 24% (L14 – 20) $56,560 – UP 39% Q1 2009 (Average Wage $35,204) *Q1 1990-Q1 2009 Employment Growth 42% *Q1 1990-Q1 2009 Wage Growth 14%

16 www.tjped.com 434.979.5610 harvey@tjped.com ISSUE 2 Is Charlottesville Immune from Recession? Somewhat, but it’s increasingly coming at the expense of economic diversity. Are we Losing our Middle Class? There is some erosion, a trend that raises red flags. The real issue is the shift within the wage group and its affect on residents.

17 www.tjped.com 434.979.5610 harvey@tjped.com ISSUE 3 Why do we have Chronic Unemployment and Poverty in the African-American Community?

18 www.tjped.com 434.979.5610 harvey@tjped.com Culpeper Industry by Occupation (Q1 1990 US DOL Quarterly Census of Employment & Wages - Employees (n = 47,976) 27.5% 9.5% 32.8% 30.2%

19 www.tjped.com 434.979.5610 harvey@tjped.com Greater Charlottesville - Industry by Occupation (Q1 2009 US Department of Labor Quarterly Census of Employment & Wages - Employees (n = 100,971) 29% 10% 34% 27% 29.7% 12.8% 40.7% 16.8%

20 www.tjped.com 434.979.5610 harvey@tjped.com 12.8% 28.0% 44.4% 14.7% Albemarle County - Industry by Occupation (Q1 2009 US Department of Labor Quarterly Census of Employment & Wages - Employees (n = 48,454)

21 www.tjped.com 434.979.5610 harvey@tjped.com City of Charlottesville (2008 US Department of Labor Quarterly Census of Employment & Wages - Employees (n = 35,024) 16.6% 32.6% 39.6% 11.2%

22 www.tjped.com 434.979.5610 harvey@tjped.com Unemployment Trends VA Employment Commission - Charlottesville Unemployment, 1997-2009 by Education

23 www.tjped.com 434.979.5610 harvey@tjped.com Education Levels US Census - City of Charlottesville Educational Attainment by Race, +25 years (n = 21,807) BlackWhite No HS Diploma34.5% HS Diploma37.2% Some College16.6% PS Degree11.7% No HS Diploma15.0% HS Diploma17.4% Some College15.0% PS Degree52.6% No HS Diploma39.3% HS Diploma37.2% Some College16.0% PS Degree7.5% No HS Diploma31.1% HS Diploma37.3% Some College17.0% PS Degree14.7% Black MaleBlack Female

24 www.tjped.com 434.979.5610 harvey@tjped.com Unemployment Trends VA Employment Commission - Charlottesville Unemployment, 1997-2009 by Race Population Estimates 69.5% White 22.2% Black 8.3% Other Population Estimates 69.5% White 22.2% Black 8.3% Other White Unemployed Black Unemployed, Average 53% of Total; Range 39 – 66%

25 www.tjped.com 434.979.5610 harvey@tjped.com ISSUE 3 Why do we have Chronic Unemployment and Poverty in the African-American Community? The complexities of race always remain, but the crux of the problem lies in poor educational attainment and an increasing lack of opportunity.

26 www.tjped.com 434.979.5610 harvey@tjped.com Policy Prescriptions & Ideas A regional economic development strategy designed to recapture our resident labor force. Local public spending to match federal / private funds to transition dislocated and unqualified workers into demand occupations. Create a skilled trades renaissance by implementing changes in comp plans to include funding for infrastructure, business parks, spec buildings, training and incentives for desirable industry. Support individuals and organizations with the vision and leadership skills to achieve it.


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