mchenry county's workforce

State of the Workforce: McHenry CountyCorporation for a Skilled WorkforceJuly 2008

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Project GoalsIdentifying economic, workforce, educational trends

Providing a foundation for planning and investment

Setting shared priorities

Inspiring engagement

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About the data

Comparison regions

Sources

County findings vs. community-level findings

Trends vs. data points

Qualitative verification

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What we looked at

Population & workforce

Economic and social well-being

Industry and employment

Occupations and skills

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What we found

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More people

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Different kindsof people

Older

More diverse

More likely to be working

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More people working

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Educational Attainment, Economic & Social Well-being

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Educational attainment is a key asset

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...but demands vigilance

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Income & Earnings*: A Mixed Picture

Median household income = $71,175 (higher than all but 3 other counties in the state, higher than US, IL)

Per capita income = $37,720 (higher than US, lower than IL)

Income growth = 13.1% (lower than US and Lower than IL)

Unemployment rate = 4.3% (lower than neighbors, IL, US)

Poverty 4.6%, but 17% for Hispanics

* 2000 - 2006

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Housing: Affordability is now a real issue

Median value of owned home = $252,700(far higher than IL or US, 4th highest in metro region)

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Commuting as norm

In 2003, about half of McHenry County residents left the county for work each day. Today, the share is closer to 2/3.

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Industry & Employment

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Where are the jobs?

$57,248$27,589

$47,011$57,393$45,187

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Trend to Watch: Aging Healthcare Workforce

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Trend to Watch:Aging Manufacturing Workforce

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Projected Industry Growth

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What’s a key industry?

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McHenry County’s Key Industries

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Key occupations,skills & trends

Sales, Administrative Support & Production account for two of every five jobs in the county

Wages in McHenry County are significantly lower than those in surrounding counties for the same jobs.

Skill requirements for current and future jobs are the rise, especially science, technology, engineering, and math (STEM) skills.

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Wages

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Projected Job Growth (across industries)

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Key Occupations

Wow! A lot of new jobs are tech-related!

People interested in

building careers in healthcare will have

some great options!

These jobs require significant

educational credentials...

Good jobs in manufacturing and the trades will be there, but require top-notch skills.

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FindingsEnsuring that younger (and more diverse workers) have access to high-quality educational, work and learning opportunities could help the county cultivate its most competitive asset - its talent.

Improving job quality (and wages) could help significantly improve residents’ quality of life.

Engaging select manufacturers around a competitiveness agenda could help generate intelligence, accelerate growth, mitigate job loss, and improve the county’s overall business climate.

Developing cross-agency, cross-jurisdictional data collection and intelligence sharing efforts could help align stakeholders’ investments, improving their effectiveness.

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Thank you!

Kristin Wolff,Director of Community InitiativesCorporation for a Skilled Workforcekwolff@skilledwork.org503.888.1022

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