Economy Overview Hunt County, TX 600 Six Flags Drive, Suite 300 Arlington, Texas 76005 Emsi Q1 2020 Data Set | www.economicmodeling.com E
Economy Overview
Hunt County, TX
600 Six Flags Drive, Suite 300
Arlington, Texas 76005
Emsi Q1 2020 Data Set | www.economicmodeling.com
Economy Overview
Emsi Q1 2020 Data Set | www.economicmodeling.com
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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 County
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
48231 Hunt County, 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 10.2% since 2014, growing by 9,084. Popula on is expected to increase by
6.5% between 2019 and 2024, adding 6,345.
From 2014 to 2019, jobs increased by 5.7% in Hunt County, TX from 31,988 to 33,806. This change fell short of the na onal
growth rate of 7.3% by 1.6%. As the number of jobs increased, the labor force par cipa on rate increased from 54.8% to
56.0% between 2014 and 2019.
Concerning educa onal a ainment, 12.8% of Hunt County, TX residents possess a Bachelor's Degree (6.0% below the na onal
average), and 6.5% hold an Associate's Degree (1.6% below the na onal average).
The top three industries in 2019 are Educa on and Hospitals (Local Government), Aerospace Product and Parts Manufacturing,
and Restaurants and Other Ea ng Places.
97,763 33,806 $49.3KPopula on (2019) Total Regional Employment Median Household Income (2017)
Popula on grew by 9,084 overthe last 5 years and is projected to
grow by 6,345 over the next 5years.
Jobs grew by 1,818 over the last5 years and are projected to grow
by 2,188 over the next 5 years.
Median household income is$8.3K below the na onal median
household income of $57.7K.
Region 97,763 43,921 33,806 92.4 $3.89B $5.69B $5.44B
WSNCT Service Area 3,008,708 1,590,685 1,135,142 96.9 $144.34B $164.56B $112.04B
16-County Region 7,797,634 4,084,633 4,030,271 98.0 $544.73B $327.32B $395.49B
City of McKinney ZipCodes
224,683 N/A 83,218 105.2 $10.63B $15.78B $11.22B
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
97,763
Educa onal A ainment
Concerning educa onal a ainment, 12.8% of Hunt County, TX residents possess a Bachelor's Degree (6.0% below the na onal
average), and 6.5% hold an Associate's Degree (1.6% below the na onal average).
Popula on
A Total Working Age Popula on 78,380
A Not in Labor Force (15+) 34,459
A Labor Force 43,921
A Employed 42,455
A Unemployed 1,466
A Under 15 19,384
% of Popula on Popula on
A Less Than 9th Grade 6.4% 4,154
A 9th Grade to 12th Grade 8.7% 5,622
A High School Diploma 34.9% 22,640
A Some College 23.7% 15,352
A Associate's Degree 6.5% 4,187
A Bachelor's Degree 12.8% 8,319
A Graduate Degree and Higher 7.0% 4,506
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 10.2% since 2014, growing by 9,084. Popula on is expected to increase by 6.5%
between 2019 and 2024, adding 6,345.
2014 88,679
2015 89,719
2016 91,943
2017 93,927
2018 96,493
2019 97,763
2020 99,261
2021 100,637
2022 101,900
2023 103,056
2024 104,108
Timeframe Popula on
Economy Overview
Emsi Q1 2020 Data Set | www.economicmodeling.com 4
Job Trends
From 2014 to 2019, jobs increased by 5.7% in Hunt County, TX from 31,988 to 33,806. This change fell short of the na onal
growth rate of 7.3% by 1.6%.
2014 31,988
2015 32,665
2016 33,437
2017 34,038
2018 34,173
2019 33,806
2020 34,433
2021 34,950
2022 35,389
2023 35,758
2024 35,994
Timeframe Jobs
Economy Overview
Emsi Q1 2020 Data Set | www.economicmodeling.com 5
Labor Force Par cipa on Rate Trends
2014 54.30%
2015 54.13%
2016 54.92%
2017 54.96%
2018 54.73%
January - July 2019 55.22%
August 2019 55.61%
September 2019 55.80%
October 2019 56.04%
Timeframe Labor Force Par cipa on Rate
Economy Overview
Emsi Q1 2020 Data Set | www.economicmodeling.com 6
Unemployment Rate Trends
Hunt County, TX had an October 2019 unemployment rate of 3.34%, decreasing from 5.91% 5 years before.
2014 5.91%
2015 4.72%
2016 4.28%
2017 3.99%
2018 3.79%
January - July 2019 3.57%
August 2019 3.61%
September 2019 3.32%
October 2019 3.34%
Timeframe Unemployment Rate
Economy Overview
Emsi Q1 2020 Data Set | www.economicmodeling.com 7
Hunt County, TX has 17,993
millennials (ages 25-39). The
na onal average for an area this
size is 19,838.
Re rement risk is about average in
Hunt County, TX. The na onal
average for an area this size is
27,931 people 55 or older, while
there are 28,053 here.
Racial diversity is low in Hunt
County, TX. The na onal average
for an area this size is 38,230
racially diverse people, while there
are 28,003 here.
Hunt County, TX has 6,761
veterans. The na onal average for
an area this size is 5,471.
Hunt County, TX has 3.35 violent
crimes per 1,000 people. The
na onal rate is 3.87 per 1,000
people.
Hunt County, TX has 16.37
property crimes per 1,000 people.
The na onal rate is 22.98 per
1,000 people.
Popula on Characteris cs
17,993
Millennials
28,053
Re ring Soon
28,003
Racial Diversity
6,761
Veterans
3.35/1,000
Violent Crime
16.37/1,000
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 Hunt County, TX currently works compared to where talent lives can help you op mize site
decisions. For example, the #1 ranked ZIP for employment ranks #2 for resident workers. The top ZIP for resident workers is
75401.
75402 Greenville, TX (in Hunt county)… 11,670
75401 Greenville, TX (in Hunt county)… 8,573
75428 Commerce, TX (in Hunt county)… 3,316
75474 Quinlan, TX (in Hunt county)… 2,997
75429 Commerce, TX (in Hunt county)… 2,141
ZIP Name2019
Employment
75401 Greenville, TX (in Hunt county)… 9,058
75402 Greenville, TX (in Hunt county)… 8,373
75474 Quinlan, TX (in Hunt county)… 6,605
75428 Commerce, TX (in Hunt county)… 4,304
75135 Caddo Mills, TX (in Hunt county)… 3,320
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 2,000 4,000 6,000 8,000
Government
Manufacturing
Retail Trade
Health Care and Social Assistance
Accommoda on and Food Services
Construc on
Other Services (except Public Administra on)
Administra ve and Support and Waste Management andRemedia on Services
Professional, Scien fic, and Technical Services
Wholesale Trade
Transporta on and Warehousing
Finance and Insurance
Agriculture, Forestry, Fishing and Hun ng
Real Estate and Rental and Leasing
Arts, Entertainment, and Recrea on
U li es
Educa onal Services
Management of Companies and Enterprises
Informa on
Economy Overview
Emsi Q1 2020 Data Set | www.economicmodeling.com 10
Top Growing Industries
Industry Jobs Growth
0 100 200 300 400 500
Government
Accommoda on and Food Services
Health Care and Social Assistance
Administra ve and Support and Waste Management andRemedia on Services
Construc on
Retail Trade
Professional, Scien fic, and Technical Services
Agriculture, Forestry, Fishing and Hun ng
Arts, Entertainment, and Recrea on
U li es
Informa on
Real Estate and Rental and Leasing
Economy Overview
Emsi Q1 2020 Data Set | www.economicmodeling.com 11
Top Industry LQ
Industry LQ
0.00 1.00 2.00
Manufacturing
U li es
Government
Retail Trade
Construc on
Accommoda on and Food Services
Agriculture, Forestry, Fishing and Hun ng
Health Care and Social Assistance
Other Services (except Public Administra on)
Wholesale Trade
Administra ve and Support and Waste Management andRemedia on Services
Professional, Scien fic, and Technical Services
Real Estate and Rental and Leasing
Arts, Entertainment, and Recrea on
Transporta on and Warehousing
Management of Companies and Enterprises
Finance and Insurance
Informa on
Educa onal Services
Economy Overview
Emsi Q1 2020 Data Set | www.economicmodeling.com 12
Top Industry GRP
2019 Gross Regional Product
$0.000 $200.0M $400.0M $600.0M $800.0M $1.000B $1.200B $1.400B
Manufacturing
Government
Retail Trade
Health Care and Social Assistance
Construc on
Professional, Scien fic, and Technical Services
Agriculture, Forestry, Fishing and Hun ng
Wholesale Trade
Accommoda on and Food Services
Finance and Insurance
U li es
Administra ve and Support and Waste Management andRemedia on Services
Real Estate and Rental and Leasing
Transporta on and Warehousing
Other Services (except Public Administra on)
Informa on
Management of Companies and Enterprises
Arts, Entertainment, and Recrea on
Educa onal Services
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
Manufacturing
U li es
Management of Companies and Enterprises
Professional, Scien fic, and Technical Services
Transporta on and Warehousing
Finance and Insurance
Educa onal Services
Wholesale Trade
Government
Real Estate and Rental and Leasing
Construc on
Informa on
Health Care and Social Assistance
Administra ve and Support and Waste Management andRemedia on Services
Retail Trade
Agriculture, Forestry, Fishing and Hun ng
Other Services (except Public Administra on)
Arts, Entertainment, and Recrea on
Accommoda on and Food Services
Economy Overview
Emsi Q1 2020 Data Set | www.economicmodeling.com 14
Government 7,690 8,287 597 +8% 1.64 $54,623 $500.75M
Manufacturing 6,502 6,393 -109 -2% 2.39 $120,517 $1.56B
Retail Trade 3,626 3,861 235 +6% 1.15 $34,575 $222.75M
Health Care and Social Assistance 3,012 3,448 436 +14% 0.80 $46,891 $192.05M
Accommoda on and Food Services 2,359 2,840 481 +20% 0.98 $19,507 $87.71M
Construc on 1,844 2,115 271 +15% 1.10 $48,846 $168.61M
Other Services (except PublicAdministra on)
1,328 1,243 -85 -6% 0.78 $26,451 $51.60M
Administra ve and Support and WasteManagement and Remedia onServices
830 1,234 404 +49% 0.59 $37,127 $66.62M
Professional, Scien fic, and TechnicalServices
1,051 1,164 113 +11% 0.52 $67,214 $115.84M
Wholesale Trade 949 727 -222 -23% 0.59 $62,472 $93.15M
Transporta on and Warehousing 673 456 -217 -32% 0.36 $66,691 $51.63M
Finance and Insurance 631 434 -197 -31% 0.32 $66,285 $86.45M
Agriculture, Forestry, Fishing andHun ng
233 332 99 +42% 0.84 $31,070 $112.54M
Real Estate and Rental and Leasing 263 269 6 +2% 0.47 $53,388 $55.35M
Arts, Entertainment, and Recrea on 230 266 36 +16% 0.45 $26,307 $13.70M
U li es 194 219 25 +13% 1.91 $102,186 $78.19M
Educa onal Services 250 167 -83 -33% 0.19 $63,404 $11.96M
Management of Companies andEnterprises
164 163 -1 -1% 0.33 $96,320 $19.65M
Informa on 145 162 17 +12% 0.26 $47,762 $34.79M
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
8,019 Companies Employ Your Workers
Online profiles for your workers men on 8,019 companies as employers, with the top 10 appearing below. In the last 12 months,
1,736 companies in Hunt County, TX posted job pos ngs, with the top 10 appearing below.
L-3 Communica ons Holdings Inc.… 485
Texas A&M University-Commerce… 418
Wal-Mart Stores, Inc. 246
Mark 230
Regional Healthcare 152
McKesson Corpora on 137
Texas A & M University 109
L-3 Communica ons Integrated Systems… 85
Hunt Regional Medical Center 79
Greenville Isd 76
Top Companies Profiles
CRST Interna onal, Inc. 593
Texas A & M University 575
L3 Technologies 514
C.R. England, Inc. 293
Dollar General Corpora on 280
HealthCare Employment Network… 243
McDonald's Corpora on 172
L-3 Communica ons Holdings Inc.… 166
Teach For America, Inc. 134
Hub Group, Inc. 129
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 37.1% 977
A 5 to 9 employees 28.2% 743
A 10 to 19 employees 19.2% 507
A 20 to 49 employees 11.1% 293
A 50 to 99 employees 3.1% 83
A 100 to 249 employees 0.8% 22
A 250 to 499 employees 0.3% 8
A 500+ employees 0.1% 3
Economy Overview
Emsi Q1 2020 Data Set | www.economicmodeling.com 17
Workforce Characteris cs
Largest Occupa ons
Occupa on Jobs Na onal Average
0 1,000 2,000 3,000 4,000
Office and Administra ve Support
Sales and Related
Food Prepara on and Serving Related
Produc on
Educa on, Training, and Library
Healthcare Prac oners and Technical
Management
Construc on and Extrac on
Business and Financial Opera ons
Transporta on and Material Moving
Installa on, Maintenance, and Repair
Personal Care and Service
Architecture and Engineering
Building and Grounds Cleaning and Maintenance
Healthcare Support
Computer and Mathema cal
Protec ve Service
Community and Social Service
Arts, Design, Entertainment, Sports, and Media
Farming, Fishing, and Forestry
Life, Physical, and Social Science
Legal
Military-only
Economy Overview
Emsi Q1 2020 Data Set | www.economicmodeling.com 18
Top Growing Occupa ons
Occupa on Jobs Growth
0 100 200 300 400
Food Prepara on and Serving Related
Healthcare Prac oners and Technical
Construc on and Extrac on
Management
Personal Care and Service
Computer and Mathema cal
Educa on, Training, and Library
Healthcare Support
Business and Financial Opera ons
Community and Social Service
Arts, Design, Entertainment, Sports, and Media
Transporta on and Material Moving
Sales and Related
Farming, Fishing, and Forestry
Installa on, Maintenance, and Repair
Protec ve Service
Legal
Architecture and Engineering
Building and Grounds Cleaning and Maintenance
Life, Physical, and Social Science
Economy Overview
Emsi Q1 2020 Data Set | www.economicmodeling.com 19
Top Occupa on LQ
Occupa on LQ
0.00 1.00
Architecture and Engineering
Produc on
Educa on, Training, and Library
Healthcare Prac oners and Technical
Installa on, Maintenance, and Repair
Healthcare Support
Construc on and Extrac on
Food Prepara on and Serving Related
Community and Social Service
Computer and Mathema cal
Business and Financial Opera ons
Office and Administra ve Support
Protec ve Service
Management
Sales and Related
Building and Grounds Cleaning and Maintenance
Farming, Fishing, and Forestry
Personal Care and Service
Arts, Design, Entertainment, Sports, and Media
Transporta on and Material Moving
Military-only
Life, Physical, and Social Science
Legal
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
Architecture and Engineering
Legal
Management
Computer and Mathema cal
Business and Financial Opera ons
Life, Physical, and Social Science
Healthcare Prac oners and Technical
Educa on, Training, and Library
Protec ve Service
Community and Social Service
Installa on, Maintenance, and Repair
Arts, Design, Entertainment, Sports, and Media
Produc on
Construc on and Extrac on
Military-only
Office and Administra ve Support
Transporta on and Material Moving
Healthcare Support
Sales and Related
Building and Grounds Cleaning and Maintenance
Farming, Fishing, and Forestry
Personal Care and Service
Food Prepara on and Serving Related
Economy Overview
Emsi Q1 2020 Data Set | www.economicmodeling.com 21
Top Posted Occupa ons
Unique Average Monthly Pos ngs
0 200 400 600 800
Transporta on and Material Moving
Sales and Related
Healthcare Prac oners and Technical
Food Prepara on and Serving Related
Office and Administra ve Support
Computer and Mathema cal
Management
Educa on, Training, and Library
Architecture and Engineering
Business and Financial Opera ons
Installa on, Maintenance, and Repair
Produc on
Personal Care and Service
Arts, Design, Entertainment, Sports, and Media
Healthcare Support
Building and Grounds Cleaning and Maintenance
Community and Social Service
Protec ve Service
Construc on and Extrac on
Life, Physical, and Social Science
Legal
Farming, Fishing, and Forestry
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
4,615 4,503 -112 -2% 0.93 $15.83 204
Sales and Related 2,925 2,979 54 +2% 0.89 $11.59 388
Food Prepara on andServing Related
2,435 2,913 478 +20% 1.03 $9.11 224
Produc on 2,887 2,853 -34 -1% 1.45 $17.28 85
Educa on, Training, andLibrary
2,376 2,464 88 +4% 1.29 $25.56 144
Healthcare Prac onersand Technical
1,880 2,163 283 +15% 1.15 $28.39 275
Management 1,593 1,755 162 +10% 0.91 $42.97 144
Construc on andExtrac on
1,479 1,718 239 +16% 1.08 $16.67 15
Business and FinancialOpera ons
1,608 1,673 65 +4% 0.94 $32.05 104
Transporta on andMaterial Moving
1,550 1,605 55 +4% 0.69 $15.43 848
Installa on,Maintenance, and Repair
1,461 1,486 25 +2% 1.13 $19.99 97
Personal Care andService
1,053 1,176 123 +12% 0.78 $9.18 63
Architecture andEngineering
1,100 1,108 8 +1% 1.95 $46.96 134
Building and GroundsCleaning andMaintenance
1,082 1,089 7 +1% 0.89 $11.01 28
Healthcare Support 946 1,021 75 +8% 1.13 $12.04 49
Computer andMathema cal
835 933 98 +12% 0.95 $41.58 164
Protec ve Service 672 685 13 +2% 0.91 $22.92 25
Community and SocialService
480 544 64 +13% 0.95 $22.47 27
Occupa on2014Jobs
2019Jobs Change in Jobs
%Changein Jobs
2019LQ
2018 MedianHourly Earnings
Jan 2019 - Dec 2019Unique Average Monthly
Pos ngs
Economy Overview
Emsi Q1 2020 Data Set | www.economicmodeling.com 24
Arts, Design,Entertainment, Sports,and Media
418 477 59 +14% 0.78 $19.95 55
Farming, Fishing, andForestry
168 220 52 +31% 0.87 $9.69 1
Life, Physical, and SocialScience
155 162 7 +5% 0.59 $29.20 5
Legal 145 153 8 +6% 0.55 $43.72 2
Military-only 128 128 0 0% 0.66 $16.35 1
Occupa on2014Jobs
2019Jobs Change in Jobs
%Changein Jobs
2019LQ
2018 MedianHourly Earnings
Jan 2019 - Dec 2019Unique Average Monthly
Pos ngs
Economy Overview
Emsi Q1 2020 Data Set | www.economicmodeling.com 25
Educa onal Pipeline
In 2018, there were 3,515 graduates in Hunt County, TX. This pipeline has grown by 6% over the last 5 years. The highest share
of these graduates come from "Mul -/Interdisciplinary Studies, Other", "Business Administra on and Management, General", and
"Educa onal Leadership and Administra on, General".
Cer ficate Associate's Bachelor's Master's or Higher
Texas A & M University-Commerce 3,515
Cosmetology Career Ins tute 0
School Total 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
0 500 1,000 1,500
Merchandising
Restaurant Opera on
Cash Register
Nursing
Audi ng
Customer Sa sfac on
Selling Techniques
Accoun ng
Food Services
Cardiopulmonary Resuscita on (CPR)
Economy Overview
Emsi Q1 2020 Data Set | www.economicmodeling.com 27