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Longview 2020 Forum by the Hibbs Institute Wednesday, March 6, 2019

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Presentation on theme: "Longview 2020 Forum by the Hibbs Institute Wednesday, March 6, 2019"— Presentation transcript:

1 Longview 2020 Forum by the Hibbs Institute Wednesday, March 6, 2019

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16 Longview MSA Definitions Gross Regional Product Unemployment Rates
Largest Industries Unemployment Rates Employment by Industry Outlook; Wages, Location Quotients Change ( ) Employment by Occupation Largest Occupations Employment Forecast / Comparison with Tyler and East Texas

17 North American Industry Classification System (NAICS)
The most common way of classifying employment by businesses is to use the North American Industry Classification System (NAICS), a system that starts with 20 main business categories or industry sectors, commonly known as 2-digit industries. Each of those 20 main industry categories are comprised of detailed subsector industry classifications going all the way to specific 6-digit lists of all kinds of business activities Source: U.S. Census Bureau.

18 2017 NAICS Sector Description
11 Agriculture, Forestry, Fishing and Hunting 21 Mining, Quarrying, and Oil and Gas Extraction 22 Utilities 23 Construction 31-33 Manufacturing 42 Wholesale Trade 44-45 Retail Trade 48-49 Transportation and Warehousing 51 Information 52 Finance and Insurance 53 Real Estate and Rental and Leasing 54 Professional, Scientific, and Technical Services 55 Management of Companies and Enterprises 56 Administrative and Support and Waste Management and Remediation Services 61 Educational Services 62 Health Care and Social Assistance 71 Arts, Entertainment, and Recreation 72 Accommodation and Food Services 81 Other Services (except Public Administration) 92 Public Administration

19 Sector 72 Accommodation and Food Services
Traveler Accommodation RV (Recreational Vehicle) Parks and Recreational Camps Rooming and Boarding Houses, Dormitories, and Workers' Camps Food Services and Drinking Places Special Food Services Drinking Places (Alcoholic Beverages) Restaurants and Other Eating Places Restaurants and Other Eating Places Full-Service Restaurants Limited-Service Restaurants Cafeterias, Grill Buffets, and Buffets Snack and Nonalcoholic Beverage Bars

20 Standard Occupational Classification (SOC)
The 2018 Standard Occupational Classification (SOC) system is a federal statistical standard used by federal agencies to classify workers into occupational categories for the purpose of collecting, calculating, or disseminating data. All workers are classified into one of 867 detailed occupations according to their occupational definition. To facilitate classification, detailed occupations are combined to form 459 broad occupations, 98 minor groups, and 23 major groups. Source: Bureau of Labor Statistics.

21 2018 SOC System 11-0000 Management Occupations
Business and Financial Operations Occupations Computer and Mathematical Occupations Architecture and Engineering Occupations Life, Physical, and Social Science Occupations Community and Social Service Occupations Legal Occupations Educational Instruction and Library Occupations Arts, Design, Entertainment, Sports, and Media Occupations Healthcare Practitioners and Technical Occupations Healthcare Support Occupations Protective Service Occupations Food Preparation and Serving Related Occupations Building and Grounds Cleaning and Maintenance Occupations Personal Care and Service Occupations Sales and Related Occupations Office and Administrative Support Occupations Farming, Fishing, and Forestry Occupations Construction and Extraction Occupations Installation, Maintenance, and Repair Occupations Production Occupations Transportation and Material Moving Occupations Military Specific Occupations

22 SOC 39 Personal Care and Service Occupations
Supervisors of Personal Care and Service Workers Animal Care and Service Workers Entertainment Attendants and Related Workers Gambling Services Workers Gambling Dealers Gambling and Sports Book Writers and Runners Gambling Service Workers, All Other Motion Picture Projectionists Motion Picture Projectionists Ushers, Lobby Attendants, and Ticket Takers Ushers, Lobby Attendants, and Ticket Takers Miscellaneous Entertainment Attendants and Related Workers Amusement and Recreation Attendants Costume Attendants Locker Room, Coatroom, and Dressing Room Attendants Entertainment Attendants and Related Workers, All Other Funeral Service Workers Personal Appearance Workers Baggage Porters, Bellhops, and Concierges

23 Location Quotient (LQ)
Is one of the most commonly utilized methods in Regional Economics. Essentially, this technique compares the share of employment in a local economy for some industries to the share of jobs in a reference economy (typically the state or the nation) for the same industry. Location Quotients are very useful to identify areas of specialization generally resulting from the labor force characteristics, geographic location, or a competitive advantage with respect to other areas.

24 Location Quotient (LQ)
LQ = (Employment in Industry x in Longview/ Total Employment in Longview) (Employment in Industry x in Texas / Total Employment in Texas) Interpretation: An LQ = 1 means that the area under consideration (East Texas in this case) has the same percentage of employment in that industry as does the area it is being compared to (in this case, Texas). An LQ < 1 means that such sector is under-represented in East Texas because it has a smaller percentage of employees than does the state. An LQ > 1 means that the proportion of employment in such sector is X times greater than the proportion of employment in Texas.

25 Gross Regional Product Longview MSA
Source: Bureau of Economic Analysis, provided by JobsEQ.

26 Gross Regional Product Longview and Tyler MSAs
Source: Bureau of Economic Analysis, provided by JobsEQ.

27 74.2% Gross Regional Product by Industry
(nine largest industries, by output in dollars) Longview MSA 74.2% Source: Bureau of Economic Analysis, provided by JobsEQ.

28 Unemployment Rate Longview MSA
Source: Bureau of Labor Statistics, provided by JobsEQ.

29 Longview and Tyler MSAs
Unemployment Rate Longview and Tyler MSAs Source: Bureau of Labor Statistics, provided by JobsEQ.

30 Longview MSA, Employment Profile (by Industry)
Source: Quarterly Census of Employment and Wages (QCEW); Bureau of Labor Statistics, provided by JobsEQ. Location Quotient calculations made by the Hibbs Institute.

31 66.8% (7/20)

32 Longview MSA, Employment Change, 2010-2018 (by Industry)
Source: Quarterly Census of Employment and Wages (QCEW); Bureau of Labor Statistics, provided by JobsEQ.

33 Longview MSA, Employment Profile (by Occupations)
Source: Quarterly Census of Employment and Wages (QCEW); Bureau of Labor Statistics, provided by JobsEQ. Location Quotient calculations made by the Hibbs Institute.

34 Longview MSA, Employment Profile (by Occupations)
66.8% 72.6% (9/22)

35 Longview MSA, Employment Change, 2010-2018 (by Occupations)
Source: Quarterly Census of Employment and Wages (QCEW); Bureau of Labor Statistics, provided by JobsEQ.

36 Longview MSA Total Employment
Source: Quarterly Census of Employment and Wages (QCEW); Bureau of Labor Statistics, provided by JobsEQ.

37 Longview and Tyler MSAs
Total Employment Source: Quarterly Census of Employment and Wages (QCEW); Bureau of Labor Statistics, provided by JobsEQ.

38 Longview MSA East Texas Tyler MSA Total Employment

39 Thank you!!


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