texas msa at a glance - san antonio economic ......from 2014 to 2019, jobs increased by 11.4% in san...
TRANSCRIPT
M S A A T A G L A N C E
T E X A S
M A Y 2 0 2 0
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Contents
Report Parameters
Economy Overview
Historic & Projected Trends
Popula on Characteris cs
Industry Characteris cs
Business Characteris cs
Workforce Characteris cs
Educa onal Pipeline
In-Demand Skills
Economy Overview
Emsi Q1 2020 Data Set | www.economicmodeling.com
1 MSA
Class of Worker
QCEW Employees, Non-QCEW Employees, and Self-Employed
The informa on in this report pertains to the chosen geographical area.
Report Parameters
41700 San Antonio-New Braunfels, TX
Economy Overview
Emsi Q1 2020 Data Set | www.economicmodeling.com 1
Economy Overview
Takeaways
As of 2019 the region's popula on increased by 10.0% since 2014, growing by 233,192. Popula on is expected to increase by
6.6% between 2019 and 2024, adding 169,910.
From 2014 to 2019, jobs increased by 11.4% in San Antonio-New Braunfels, TX from 1,054,697 to 1,174,870. This change
outpaced the na onal growth rate of 7.3% by 4.1%. As the number of jobs increased, the labor force par cipa on rate
increased from 59.9% to 60.6% between 2014 and 2019.
Concerning educa onal a ainment, 17.4% of San Antonio-New Braunfels, TX residents possess a Bachelor's Degree (1.4%
below the na onal average), and 7.6% hold an Associate's Degree (0.5% below the na onal average).
The top three industries in 2019 are Restaurants and Other Ea ng Places, Educa on and Hospitals (Local Government), and
Federal Government, Military.
2,562,970 1,174,870 $58.2KPopula on (2019) Total Regional Employment Median Household Income (2018)
Popula on grew by 233,192 overthe last 5 years and is projected togrow by 169,910 over the next 5
years.
Jobs grew by 120,174 over thelast 5 years and are projected to
grow by 100,645 over the next 5years.
Median household income is$2.1K below the na onal median
household income of $60.3K.
Region 2,562,970 1,228,419 1,174,870 98.7 $130.66B $122.37B $141.22B
Alamo WDA 13 CountyRegion
2,679,483 1,282,767 1,226,705 101.1 $136.30B $128.46B $147.18B
WSA 13 Coun es 2,679,483 1,282,767 1,226,705 101.1 $136.30B $128.46B $147.18B
Na on 329,399,330 164,576,320 164,699,638 100.0 $20.78T $0 $8.91T
Popula on(2019)
LaborForce
(2019) Jobs (2019)
Costof
Living GRP Imports Exports
Economy Overview
Emsi Q1 2020 Data Set | www.economicmodeling.com 2
2019 Labor Force Breakdown
Popula on
2,562,970
Educa onal A ainment
Concerning educa onal a ainment, 17.4% of San Antonio-New Braunfels, TX residents possess a Bachelor's Degree (1.4% below
the na onal average), and 7.6% hold an Associate's Degree (0.5% below the na onal average).
Popula on
A Total Working Age Popula on 2,027,770
A Not in Labor Force (15+) 799,351
A Labor Force 1,228,419
A Employed 1,192,704
A Unemployed 35,715
A Under 15 535,200
% of Popula on Popula on
A Less Than 9th Grade 8.5% 141,161
A 9th Grade to 12th Grade 7.9% 131,191
A High School Diploma 26.4% 441,277
A Some College 22.8% 380,584
A Associate's Degree 7.6% 126,975
A Bachelor's Degree 17.4% 290,048
A Graduate Degree and Higher 9.5% 157,839
Economy Overview
Emsi Q1 2020 Data Set | www.economicmodeling.com 3
Historic & Projected Trends
Popula on Trends
As of 2019 the region's popula on increased by 10.0% since 2014, growing by 233,192. Popula on is expected to increase by
6.6% between 2019 and 2024, adding 169,910.
2014 2,329,778
2015 2,380,659
2016 2,428,352
2017 2,474,300
2018 2,518,059
2019 2,562,970
2020 2,603,094
2021 2,639,958
2022 2,673,761
2023 2,704,677
2024 2,732,880
Timeframe Popula on
Economy Overview
Emsi Q1 2020 Data Set | www.economicmodeling.com 4
Job Trends
From 2014 to 2019, jobs increased by 11.4% in San Antonio-New Braunfels, TX from 1,054,697 to 1,174,870. This change
outpaced the na onal growth rate of 7.3% by 4.1%.
2014 1,054,697
2015 1,087,325
2016 1,122,249
2017 1,145,040
2018 1,165,429
2019 1,174,870
2020 1,202,823
2021 1,226,219
2022 1,246,298
2023 1,263,819
2024 1,275,515
Timeframe Jobs
Economy Overview
Emsi Q1 2020 Data Set | www.economicmodeling.com 5
Labor Force Par cipa on Rate Trends
2014 59.64%
2015 59.16%
2016 59.78%
2017 59.93%
2018 59.76%
January - July 2019 59.35%
August 2019 59.44%
September 2019 59.93%
October 2019 60.58%
Timeframe Labor Force Par cipa on Rate
Economy Overview
Emsi Q1 2020 Data Set | www.economicmodeling.com 6
Unemployment Rate Trends
San Antonio-New Braunfels, TX had an October 2019 unemployment rate of 2.91%, decreasing from 4.63% 5 years before.
2014 4.63%
2015 3.80%
2016 3.76%
2017 3.53%
2018 3.31%
January - July 2019 3.12%
August 2019 3.21%
September 2019 2.96%
October 2019 2.91%
Timeframe Unemployment Rate
Economy Overview
Emsi Q1 2020 Data Set | www.economicmodeling.com 7
San Antonio-New Braunfels, TX
has 559,171 millennials (ages 25-
39). The na onal average for an
area this size is 517,680.
Re rement risk is low in San
Antonio-New Braunfels, TX. The
na onal average for an area this
size is 728,892 people 55 or older,
while there are 610,470 here.
Racial diversity is high in San
Antonio-New Braunfels, TX. The
na onal average for an area this
size is 997,634 racially diverse
people, while there are 1,676,325
here.
San Antonio-New Braunfels, TX
has 198,041 veterans. The
na onal average for an area this
size is 143,244.
San Antonio-New Braunfels, TX
has 5.24 violent crimes per 1,000
people. The na onal rate is 3.87
per 1,000 people.
San Antonio-New Braunfels, TX
has 37.63 property crimes per
1,000 people. The na onal rate is
22.98 per 1,000 people.
Popula on Characteris cs
559,171
Millennials
610,470
Re ring Soon
1.68M
Racial Diversity
198,041
Veterans
5.24/1,000
Violent Crime
37.63/1,000
Property Crime
Economy Overview
Emsi Q1 2020 Data Set | www.economicmodeling.com 8
Where Talent Works Where Talent Lives
Place of Work vs Place of Residence
Understanding where talent in San Antonio-New Braunfels, TX currently works compared to where talent lives can help you
op mize site decisions. For example, the #1 ranked ZIP for employment ranks #9 for resident workers. The top ZIP for resident
workers is 78130.
78216 San Antonio, TX (in Bexar county)… 75,131
78229 San Antonio, TX (in Bexar county)… 49,040
78217 San Antonio, TX (in Bexar county)… 41,588
78249 San Antonio, TX (in Bexar county)… 40,639
78130 New Braunfels, TX (in Comal county)… 40,430
ZIP Name2019
Employment
78130 New Braunfels, TX (in Comal county)… 38,773
78245 San Antonio, TX (in Bexar county)… 33,911
78250 San Antonio, TX (in Bexar county)… 31,688
78251 San Antonio, TX (in Bexar county)… 31,527
78249 San Antonio, TX (in Bexar county)… 30,576
ZIP Name2019
Workers
Economy Overview
Emsi Q1 2020 Data Set | www.economicmodeling.com 9
Industry Characteris cs
Largest Industries
Industry Jobs Na onal Average
0 50,000 100,000 150,000 200,000
Government
Health Care and Social Assistance
Accommoda on and Food Services
Retail Trade
Administra ve and Support and Waste Management andRemedia on Services
Construc on
Finance and Insurance
Professional, Scien fic, and Technical Services
Other Services (except Public Administra on)
Manufacturing
Wholesale Trade
Transporta on and Warehousing
Educa onal Services
Real Estate and Rental and Leasing
Informa on
Arts, Entertainment, and Recrea on
Management of Companies and Enterprises
Mining, Quarrying, and Oil and Gas Extrac on
Agriculture, Forestry, Fishing and Hun ng
U li es
Economy Overview
Emsi Q1 2020 Data Set | www.economicmodeling.com 10
Top Growing Industries
Industry Jobs Growth
0 5,000 10,000 15,000
Health Care and Social Assistance
Accommoda on and Food Services
Government
Construc on
Administra ve and Support and Waste Management andRemedia on Services
Professional, Scien fic, and Technical Services
Transporta on and Warehousing
Retail Trade
Finance and Insurance
Manufacturing
Other Services (except Public Administra on)
Management of Companies and Enterprises
Arts, Entertainment, and Recrea on
Wholesale Trade
Mining, Quarrying, and Oil and Gas Extrac on
Real Estate and Rental and Leasing
Educa onal Services
U li es
Economy Overview
Emsi Q1 2020 Data Set | www.economicmodeling.com 11
Top Industry LQ
Industry LQ
0.00 1.00 2.00
Mining, Quarrying, and Oil and Gas Extrac on
Finance and Insurance
Government
Accommoda on and Food Services
Construc on
Real Estate and Rental and Leasing
Administra ve and Support and Waste Management andRemedia on Services
Retail Trade
Health Care and Social Assistance
Other Services (except Public Administra on)
Informa on
Arts, Entertainment, and Recrea on
Wholesale Trade
Management of Companies and Enterprises
Transporta on and Warehousing
Professional, Scien fic, and Technical Services
Educa onal Services
Manufacturing
U li es
Agriculture, Forestry, Fishing and Hun ng
Economy Overview
Emsi Q1 2020 Data Set | www.economicmodeling.com 12
Top Industry GRP
2019 Gross Regional Product
$0.000 $5.000B $10.00B $15.00B $20.00B
Government
Finance and Insurance
Health Care and Social Assistance
Retail Trade
Manufacturing
Professional, Scien fic, and Technical Services
Mining, Quarrying, and Oil and Gas Extrac on
Construc on
Wholesale Trade
Informa on
Real Estate and Rental and Leasing
Accommoda on and Food Services
Administra ve and Support and Waste Management andRemedia on Services
Transporta on and Warehousing
Other Services (except Public Administra on)
Management of Companies and Enterprises
Educa onal Services
Arts, Entertainment, and Recrea on
Agriculture, Forestry, Fishing and Hun ng
U li es
Economy Overview
Emsi Q1 2020 Data Set | www.economicmodeling.com 13
Top Industry Earnings
2019 Earnings Per Worker
$0 $20,000 $40,000 $60,000 $80,000 $100,000 $120,000
Management of Companies and Enterprises
Mining, Quarrying, and Oil and Gas Extrac on
U li es
Finance and Insurance
Informa on
Professional, Scien fic, and Technical Services
Wholesale Trade
Government
Manufacturing
Real Estate and Rental and Leasing
Transporta on and Warehousing
Construc on
Health Care and Social Assistance
Educa onal Services
Agriculture, Forestry, Fishing and Hun ng
Administra ve and Support and Waste Management andRemedia on Services
Retail Trade
Arts, Entertainment, and Recrea on
Other Services (except Public Administra on)
Accommoda on and Food Services
Economy Overview
Emsi Q1 2020 Data Set | www.economicmodeling.com 14
Government 198,934 211,587 12,653 +6% 1.21 $75,374 $21.77B
Health Care and SocialAssistance
128,681 148,568 19,887 +15% 0.99 $56,668 $10.11B
Accommoda on and FoodServices
107,210 121,808 14,598 +14% 1.21 $23,342 $4.49B
Retail Trade 110,329 117,563 7,234 +7% 1.01 $38,937 $7.35B
Administra ve and Support andWaste Management andRemedia on Services
69,892 78,399 8,507 +12% 1.07 $41,714 $4.47B
Construc on 64,178 75,786 11,608 +18% 1.14 $58,997 $6.60B
Finance and Insurance 64,392 70,476 6,084 +9% 1.50 $96,035 $15.84B
Professional, Scien fic, andTechnical Services
51,969 60,212 8,243 +16% 0.78 $80,278 $7.15B
Other Services (except PublicAdministra on)
50,444 54,264 3,820 +8% 0.98 $30,905 $2.37B
Manufacturing 46,956 51,510 4,554 +10% 0.55 $75,264 $7.24B
Wholesale Trade 32,229 34,988 2,759 +9% 0.82 $78,685 $6.38B
Transporta on and Warehousing 26,222 34,390 8,168 +31% 0.78 $62,180 $4.30B
Educa onal Services 21,311 22,940 1,629 +8% 0.76 $43,360 $1.21B
Real Estate and Rental andLeasing
19,365 21,693 2,328 +12% 1.09 $63,777 $4.62B
Informa on 21,826 20,627 -1,199 -5% 0.97 $83,835 $4.99B
Arts, Entertainment, andRecrea on
16,599 19,826 3,227 +19% 0.96 $36,260 $1.19B
Management of Companies andEnterprises
10,022 13,682 3,660 +37% 0.81 $132,581 $2.33B
Mining, Quarrying, and Oil andGas Extrac on
8,462 10,848 2,386 +28% 2.17 $130,382 $6.89B
Agriculture, Forestry, Fishing andHun ng
4,376 3,780 -596 -14% 0.28 $41,990 $596.15M
U li es 1,148 1,219 71 +6% 0.31 $101,004 $437.47M
Industry2014Jobs
2019Jobs Change in Jobs
%Changein Jobs
2019LQ
2019 EarningsPer Worker 2019 GRP
Economy Overview
Emsi Q1 2020 Data Set | www.economicmodeling.com 15
Business Characteris cs
153,388 Companies Employ Your Workers
Online profiles for your workers men on 153,388 companies as employers, with the top 10 appearing below. In the last 12
months, 24,583 companies in San Antonio-New Braunfels, TX posted job pos ngs, with the top 10 appearing below.
United Services Automobile Associa on… 13,997
United States Department of the Air Force… 11,979
United States Department of the Army… 9,522
Heb Grocery Company, LP 5,944
City of San Antonio 5,324
Northside Isd 4,424
Wells Fargo & Company 4,260
University of Texas At San Antonio… 3,954
JPMorgan Chase & Co. 3,688
AT&T Inc. 3,340
Top Companies Profiles
United Services Automobile Associa on… 11,799
Christus Health 3,232
Oracle Corpora on 3,045
HCA Holdings, Inc. 2,983
CRST Interna onal, Inc. 2,978
Wells Fargo & Company 2,406
Northshore University Healthsystem… 2,284
Tenet Healthcare Corpora on 2,093
UnitedHealth Group Incorporated… 2,065
Heb Grocery Company, LP 1,905
Top Companies Pos ng Unique Pos ngs
Economy Overview
Emsi Q1 2020 Data Set | www.economicmodeling.com 16
Business Size
*Business Data by DatabaseUSA.com is third-party data provided by Emsi to its customers as a convenience, and Emsi does not endorse or warrant its
accuracy or consistency with other published Emsi data. In most cases, the Business Count will not match total companies with profiles on the summary
tab.
Percentage Business Count
A 1 to 4 employees 32.3% 22,930
A 5 to 9 employees 28.2% 20,038
A 10 to 19 employees 22.2% 15,733
A 20 to 49 employees 13.2% 9,360
A 50 to 99 employees 2.7% 1,887
A 100 to 249 employees 1.1% 807
A 250 to 499 employees 0.2% 162
A 500+ employees 0.1% 94
Economy Overview
Emsi Q1 2020 Data Set | www.economicmodeling.com 17
Workforce Characteris cs
Largest Occupa ons
Occupa on Jobs Na onal Average
0 50,000 100,000 150,000
Office and Administra ve Support
Sales and Related
Food Prepara on and Serving Related
Transporta on and Material Moving
Healthcare Prac oners and Technical
Educa on, Training, and Library
Construc on and Extrac on
Business and Financial Opera ons
Management
Personal Care and Service
Installa on, Maintenance, and Repair
Produc on
Building and Grounds Cleaning and Maintenance
Healthcare Support
Computer and Mathema cal
Protec ve Service
Military-only
Arts, Design, Entertainment, Sports, and Media
Architecture and Engineering
Community and Social Service
Legal
Life, Physical, and Social Science
Farming, Fishing, and Forestry
Economy Overview
Emsi Q1 2020 Data Set | www.economicmodeling.com 18
Top Growing Occupa ons
Occupa on Jobs Growth
0 2,000 4,000 6,000 8,000 10,000 12,000
Food Prepara on and Serving Related
Transporta on and Material Moving
Office and Administra ve Support
Business and Financial Opera ons
Personal Care and Service
Sales and Related
Construc on and Extrac on
Healthcare Prac oners and Technical
Management
Installa on, Maintenance, and Repair
Computer and Mathema cal
Educa on, Training, and Library
Produc on
Healthcare Support
Protec ve Service
Arts, Design, Entertainment, Sports, and Media
Community and Social Service
Architecture and Engineering
Military-only
Building and Grounds Cleaning and Maintenance
Legal
Life, Physical, and Social Science
Farming, Fishing, and Forestry
Economy Overview
Emsi Q1 2020 Data Set | www.economicmodeling.com 19
Top Occupa on LQ
Occupa on LQ
0.00 1.00 2.00
Military-only
Food Prepara on and Serving Related
Construc on and Extrac on
Healthcare Support
Office and Administra ve Support
Installa on, Maintenance, and Repair
Sales and Related
Protec ve Service
Personal Care and Service
Healthcare Prac oners and Technical
Educa on, Training, and Library
Business and Financial Opera ons
Building and Grounds Cleaning and Maintenance
Transporta on and Material Moving
Arts, Design, Entertainment, Sports, and Media
Architecture and Engineering
Computer and Mathema cal
Community and Social Service
Legal
Management
Life, Physical, and Social Science
Produc on
Farming, Fishing, and Forestry
Economy Overview
Emsi Q1 2020 Data Set | www.economicmodeling.com 20
Top Occupa on Earnings
2018 Median Hourly Earnings
$0.00 $10.00 $20.00 $30.00 $40.00
Management
Computer and Mathema cal
Architecture and Engineering
Business and Financial Opera ons
Life, Physical, and Social Science
Legal
Healthcare Prac oners and Technical
Educa on, Training, and Library
Community and Social Service
Arts, Design, Entertainment, Sports, and Media
Installa on, Maintenance, and Repair
Protec ve Service
Construc on and Extrac on
Office and Administra ve Support
Military-only
Produc on
Transporta on and Material Moving
Sales and Related
Healthcare Support
Building and Grounds Cleaning and Maintenance
Farming, Fishing, and Forestry
Food Prepara on and Serving Related
Personal Care and Service
Economy Overview
Emsi Q1 2020 Data Set | www.economicmodeling.com 21
Top Posted Occupa ons
Unique Average Monthly Pos ngs
0 2,000 4,000 6,000 8,000
Healthcare Prac oners and Technical
Sales and Related
Office and Administra ve Support
Computer and Mathema cal
Management
Transporta on and Material Moving
Business and Financial Opera ons
Food Prepara on and Serving Related
Installa on, Maintenance, and Repair
Architecture and Engineering
Personal Care and Service
Healthcare Support
Educa on, Training, and Library
Produc on
Building and Grounds Cleaning and Maintenance
Construc on and Extrac on
Arts, Design, Entertainment, Sports, and Media
Community and Social Service
Protec ve Service
Life, Physical, and Social Science
Legal
Farming, Fishing, and Forestry
Military-only
Economy Overview
Emsi Q1 2020 Data Set | www.economicmodeling.com 22
Underemployment
Jobs Requiring Ed. Level Popula on at Ed. Level
0% 10% 20% 30% 40%
No Formal Educa on Required
High School Diploma or Equivalent
Some College, Non-Degree Award
Associate's Degree
Bachelor's Degree
Graduate Degree and Higher
Economy Overview
Emsi Q1 2020 Data Set | www.economicmodeling.com 23
Office andAdministra ve Support
173,565 184,269 10,704 +6% 1.10 $16.37 7,806
Sales and Related 115,315 124,608 9,293 +8% 1.07 $13.58 7,908
Food Prepara on andServing Related
101,589 115,192 13,603 +13% 1.18 $10.19 3,563
Transporta on andMaterial Moving
60,115 71,918 11,803 +20% 0.89 $15.26 6,250
Healthcare Prac onersand Technical
58,621 66,322 7,701 +13% 1.02 $30.42 8,991
Educa on, Training, andLibrary
62,463 66,008 3,545 +6% 1.00 $25.38 1,653
Construc on andExtrac on
53,783 62,734 8,951 +17% 1.14 $17.91 1,276
Business and FinancialOpera ons
50,967 60,382 9,415 +18% 0.97 $32.85 4,872
Management 47,147 54,237 7,090 +15% 0.81 $44.31 6,979
Personal Care andService
44,308 53,683 9,375 +21% 1.03 $10.02 1,815
Installa on,Maintenance, and Repair
43,410 49,199 5,789 +13% 1.07 $20.21 3,142
Produc on 43,792 47,145 3,353 +8% 0.69 $15.46 1,552
Building and GroundsCleaning andMaintenance
40,113 40,980 867 +2% 0.96 $11.93 1,424
Healthcare Support 31,757 34,820 3,063 +10% 1.11 $13.46 1,725
Computer andMathema cal
24,310 28,528 4,218 +17% 0.83 $38.09 7,347
Protec ve Service 24,360 27,136 2,776 +11% 1.04 $19.40 862
Military-only 17,372 18,745 1,373 +8% 2.79 $15.56 18
Arts, Design,Entertainment, Sports,and Media
16,081 18,253 2,172 +14% 0.86 $20.73 992
Occupa on2014Jobs
2019Jobs Change in Jobs
%Changein Jobs
2019LQ
2018 MedianHourly Earnings
Apr 2019 - Mar2020 Unique
Average MonthlyPos ngs
Economy Overview
Emsi Q1 2020 Data Set | www.economicmodeling.com 24
Architecture andEngineering
14,940 16,835 1,895 +13% 0.85 $36.44 1,947
Community andSocial Service
14,170 16,311 2,141 +15% 0.82 $22.55 933
Legal 7,202 7,936 734 +10% 0.82 $32.47 460
Life, Physical, andSocial Science
6,356 6,572 216 +3% 0.69 $32.65 537
Farming, Fishing,and Forestry
2,962 3,056 94 +3% 0.35 $11.53 33
Occupa on2014Jobs
2019Jobs Change in Jobs
%Changein Jobs
2019LQ
2018 MedianHourly Earnings
Apr 2019 - Mar 2020Unique Average Monthly
Pos ngs
Economy Overview
Emsi Q1 2020 Data Set | www.economicmodeling.com 25
Educa onal Pipeline
In 2018, there were 31,668 graduates in San Antonio-New Braunfels, TX. This pipeline has grown by 26% over the last 5 years.
The highest share of these graduates come from Liberal Arts and Sciences/Liberal Studies, Medical/Clinical Assistant, and
Registered Nursing/Registered Nurse.
Cer ficate Associate's Bachelor's Master's or Higher
The University of Texas at San Antonio 6,470
San Antonio College 5,212
University of the Incarnate Word 2,554
Northwest Vista College 2,297
St Philip's College 2,185
Palo Alto College 1,737
Texas A&M University-San Antonio 1,447
The University of Texas Health Science Centerat San Antonio
1,337
St. Mary's University 910
Our Lady of the Lake University 867
SchoolTotal Graduates
(2018)Graduate Trend (2014 -
2018)
Economy Overview
Emsi Q1 2020 Data Set | www.economicmodeling.com 26
In-Demand Skills
Top Hard Skills Na onal Average
0 10,000 20,000 30,000
Nursing
Audi ng
Accoun ng
Merchandising
Selling Techniques
Restaurant Opera on
Cardiopulmonary Resuscita on (CPR)
Basic Life Support
Warehousing
Customer Sa sfac on
Economy Overview
Emsi Q1 2020 Data Set | www.economicmodeling.com 27