1 valdosta-lowndes 2010 economic survey prepared by illuminomics for valdosta-lowndes chamber of...
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Valdosta-Lowndes 2010 Economic Surveyprepared by Illuminomics for Valdosta-Lowndes Chamber of Commerce
Regional Wage and Employment Trends
A Comparative Analysis 1990-2009
The following analysis was performed by Illuminomics with the support of the Valdosta-Lowndes Chamber of Commerce.
All data contained in this analysis is taken directly from the most authoritative local, state and nationally recognized sources, using the most currently available data sets. To ensure data accuracy and integrity, no multipliers were used in any calculations
and all non-confidential data can be independently verified from public sources.
Chris MillerCEO Illuminomics
Myrna BallardPresident Chamber of Commerce
ReKasa DeenChamber of Commerce
Dec 22nd 2010 v1.3
Illuminomics | PO Box 10754, Savannah, GA 31412 | 912-484-7192 | www.illuminomics.com
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NAICS KBB+ Sector Description
Information Technology511-- Publishing industries (including software)512-- Motion picture and sound recording industries515-- Broadcasting, except Internet516-- Internet publishing and broadcasting517-- Telecommunications518-- Data processing, hosting and related services519-- Other information services
Environmental Technology541-- Professional, technical & design services551-- Management of companies and enterprises
Medical Services & Support (listed separately as “Health Care”)621-- Ambulatory health care services (physicians, dentists, labs, etc)622-- Hospitals
Targeted Business Expansion Sectors
** North American Industrial Classification System (NAICS) codes provide a 1 to 5 digit classification number to describe various types of economic activity. TBEC and TBEC+ are composites of the above 3 digit NAICS codes.
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Valdosta MSA, 2009
SOURCE: Bureau of Labor Statistics - Quarterly Census of Employment and Wages - www.bls.gov/data
Economic Sector Size by Jobs
KBB
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Valdosta MSA, 2009
SOURCE: Bureau of Labor Statistics - Quarterly Census of Employment and Wages - www.bls.gov/data
Economic Sector Size by WagesKBB
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Valdosta MSA, 2009
SOURCE: Bureau of Labor Statistics - Quarterly Census of Employment and Wages - www.bls.gov/data
Economic Sector Size by Wages vs. Jobs
KBB
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Valdosta MSA, 2009
SOURCE: Bureau of Labor Statistics - Quarterly Census of Employment and Wages - www.bls.gov/data
Average Wages by Sector
KBB
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Valdosta MSA, 2001-2009
SOURCE: Bureau of Labor Statistics - Quarterly Census of Employment and Wages - www.bls.gov/data
Economic Change - short term
KBB
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Valdosta MSA, 2009
SOURCE: Bureau of Labor Statistics - Quarterly Census of Employment and Wages - www.bls.gov/data
Average Wages by Sector
KBB
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Valdosta MSA, 1992-2009
SOURCE: Bureau of Labor Statistics - Quarterly Census of Employment and Wages - www.bls.gov/data
Economic Change - long term
KB
B
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Valdosta MSA, 1992-2009
SOURCE: Bureau of Labor Statistics - Quarterly Census of Employment and Wages - www.bls.gov/data
Short vs. Long Term Economic Change
KBB
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Valdosta MSA, 1993-2009
SOURCE: Bureau of Labor Statistics - Quarterly Census of Employment and Wages - www.bls.gov/data
Significant Job Trends - long term
KBB+
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Valdosta MSA, 2002-2009
SOURCE: Bureau of Labor Statistics - Quarterly Census of Employment and Wages - www.bls.gov/data
Significant Job Trends - short term
KBB
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various MSA’s, 2001-2009
SOURCE: Bureau of Labor Statistics - Quarterly Census of Employment and Wages - www.bls.gov/data
KBB Sector Size and Growth Comparisons
KBB Sector % Share & Change in Jobs
KBB Sector Share of All Jobs (2009)KBB Change in Number of Jobs (2001-2009)
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Valdosta MSA, 1992-2009
SOURCE: Bureau of Labor Statistics - Quarterly Census of Employment and Wages - www.bls.gov/data
KBB Sector Trend Breakdown
KB
B+
Job Growth comparison between KBB Sectors.
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Valdosta MSA, 1992-2009
SOURCE: Bureau of Labor Statistics - Quarterly Census of Employment and Wages - www.bls.gov/data
KBB Growth Trend Comparisons - long term
Job Growth in KBB, KBB+ and All Industries.
KBB+
KKB
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Valdosta MSA, 2001-2009
SOURCE: Bureau of Labor Statistics - Quarterly Census of Employment and Wages - www.bls.gov/data
KKB Growth Trend Comparisons - short term
KKB
KBB+ Jobs (27.1%)
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various MSA’s, 1990-2009
SOURCE: Bureau of Labor Statistics - Quarterly Census of Employment and Wages - www.bls.gov/data
Average Wage Comparison - long term US
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various MSA’s, 2001-2009
SOURCE: Bureau of Labor Statistics - Quarterly Census of Employment and Wages - www.bls.gov/data
Average Wage Comparison - short term US
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various MSA’s, 1990-2009
SOURCE: Bureau of Labor Statistics - Quarterly Census of Employment and Wages - www.bls.gov/data
Average Wage Comparison - long term GA
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various MSA’s, 2001-2009
SOURCE: Bureau of Labor Statistics - Quarterly Census of Employment and Wages - www.bls.gov/data
Average Wage Comparison - short term GA
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various MSA’s, 2005-2009
SOURCE: Bureau of Labor Statistics - Quarterly Census of Employment and Wages - www.bls.gov/data
Percent of Salary Spent on Housing US
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various MSA’s, 2005-2009
SOURCE: Bureau of Labor Statistics - Quarterly Census of Employment and Wages - www.bls.gov/data
Percent of Salary Spent on Housing GA
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various MSA’s, 2006-2009
SOURCE: Bureau of Labor Statistics - Quarterly Census of Employment and Wages - www.bls.gov/data
3 Year Employment Trends
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Valdosta MSA, 2009
SOURCE: Bureau of Labor Statistics - Quarterly Census of Employment and Wages - www.bls.gov/data
Economic Impact Ranked by Total Wages
KBB +
KBB
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Valdosta MSA, 2009
SOURCE: Bureau of Labor Statistics - Quarterly Census of Employment and Wages - www.bls.gov/data
Economic Impact Ranked by Average Wage
KBB
KBB
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Valdosta MSA, 2009
SOURCE: Bureau of Labor Statistics - Quarterly Census of Employment and Wages - www.bls.gov/data
KBB Job Loss / Gain Comparisons
KBB
KBB
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Valdosta MSA, 2009
SOURCE: Bureau of Labor Statistics - Quarterly Census of Employment and Wages - www.bls.gov/data
KBB Job Growth Comparisons
% KBB above/below overall growth
KBB
KBB
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Valdosta MSA, 2009
SOURCE: Bureau of Labor Statistics - Quarterly Census of Employment and Wages - www.bls.gov/data
KBB Job Growth Comparisons
KBB
KBB
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Valdosta MSA, 2009
SOURCE: Bureau of Labor Statistics - Quarterly Census of Employment and Wages - www.bls.gov/data
Valdosta Average Wage Growth
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Valdosta MSA, 2009
SOURCE: Bureau of Labor Statistics - Quarterly Census of Employment and Wages - www.bls.gov/data
Valdosta Average Wage Growth
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About the Data In This Analysis
Illuminomics used data for its analysis from the most authoritative sources: The Georgia Department of Labor, U.S. Bureau of Labor Statistics, the U.S. Department of Labor and the U.S. Census Bureau. To obtain private disaggregate wage and employment data, Illuminomics and the Valdosta-Lowndes Chamber signed a confidentiality agreement with the Georgia Department of Labor to protect individual company data concerning employment and wages, especially in circumstances when only a few companies reside in a specific sector. Therefore, there are times when the public data and the privately aggregated data differ. In those circumstances, the privately aggregated data contained in this report is the more accurate.
Moreover, the Georgia Department of Labor constantly revises its historical data sets. Those revisions are not always released to the public. Illuminomics, however, has access to those revisions and has incorporated them into this analysis. In some cases that may cause public and privately aggregated data to differ ever so slightly, with this analysis often more accurate than what would be available to the general public.
Finally, care should be taken when comparing two data sets representing the same information. Those data sets may differ in locality (MSA vs. County), time period (month vs. quarter); interval time-length and industry control (private vs. public sector).
Chris [email protected]
A Final Word
Illuminomics | PO Box 10754, Savannah, GA 31412 | 912-484-7192 | www.illuminomics.com