1
Ajša Suljić
Regional Labor Economist
November 29th, 2011
Benton-Franklin Region
Economic Overview
2
Benton Franklin RegionOct 2010 UI rate 7.8%
Source: Employment Security Department/LMEA; BLS
3
All Employees: Total Nonfarm, WashingtonSA
All Employees: Total Nonfarm, Kennewick-Richland-Pasco MSASA
10050095Source: BLS-ESD 2011
3000000
2800000
2600000
2400000
2200000
2000000
105000
97500
90000
82500
75000
67500
60000
Annual Growth Rate est. at 3% since 2006During recession; (12/07-06/09)
B/F= 2.7% and WA=-5.1% 25 months after recession; (06/08-09/11)
B/F=4.0% and WA=0.1%
Review in numbers
4
Benton-Franklin RegionIndustry Share
Franklin Avg 2010
Emp 28,929Wage $32,619
Benton Avg 2010
Emp 79,939
Wage $49,474
16%
15%
11%
11%10%
10%
9%
7%
6%5%
Source: Bureau of Labor Statistics-QCEW-LMEA- Avg 2010
Public Administration
All Other Industries (private industries not listed individually)Professional, Scientific, and Technical ServicesAdministrative and Support and Waste Management and Remediation ServicesRetail Trade
Agriculture, Forestry, Fishing and HuntingHealth Care and Social Assistance
Accommodation and Food Services
Manufacturing
Construction
Source: Employment Security Dept/LMEA; QCEW Avg. 2010; BLS
Public administrationAll other industries (private industries not listed individually)Professional, scientific and technical servicesAdministrative support and waste mgmt. and remediation servicesRetail tradeAgriculture, forestry, fishing and huntingHealth care and social assistanceAccommodation and food servicesManufacturingConstruction
16%
15%
11%
11%10%
10%
9%
7%
6%5%
Source: Bureau of Labor Statistics-QCEW-LMEA- Avg 2010
Public Administration
All Other Industries (private industries not listed individually)Professional, Scientific, and Technical ServicesAdministrative and Support and Waste Management and Remediation ServicesRetail Trade
Agriculture, Forestry, Fishing and HuntingHealth Care and Social Assistance
Accommodation and Food Services
Manufacturing
Construction
16%
15%
11%
11%10%
10%
9%
7%
6%5%
Source: Bureau of Labor Statistics-QCEW-LMEA- Avg 2010
Public Administration
All Other Industries (private industries not listed individually)Professional, Scientific, and Technical ServicesAdministrative and Support and Waste Management and Remediation ServicesRetail Trade
Agriculture, Forestry, Fishing and HuntingHealth Care and Social Assistance
Accommodation and Food Services
Manufacturing
Construction
16%
15%
11%
11%10%
10%
9%
7%
6%5%
Source: Bureau of Labor Statistics-QCEW-LMEA- Avg 2010
Public Administration
All Other Industries (private industries not listed individually)Professional, Scientific, and Technical ServicesAdministrative and Support and Waste Management and Remediation ServicesRetail Trade
Agriculture, Forestry, Fishing and HuntingHealth Care and Social Assistance
Accommodation and Food Services
Manufacturing
Construction
16%
15%
11%
11%10%
10%
9%
7%
6%5%
Source: Bureau of Labor Statistics-QCEW-LMEA- Avg 2010
Public Administration
All Other Industries (private industries not listed individually)Professional, Scientific, and Technical ServicesAdministrative and Support and Waste Management and Remediation ServicesRetail Trade
Agriculture, Forestry, Fishing and HuntingHealth Care and Social Assistance
Accommodation and Food Services
Manufacturing
Construction
16%
15%
11%
11%10%
10%
9%
7%
6%5%
Source: Bureau of Labor Statistics-QCEW-LMEA- Avg 2010
Public Administration
All Other Industries (private industries not listed individually)Professional, Scientific, and Technical ServicesAdministrative and Support and Waste Management and Remediation ServicesRetail Trade
Agriculture, Forestry, Fishing and HuntingHealth Care and Social Assistance
Accommodation and Food Services
Manufacturing
Construction
16%
15%
11%
11%10%
10%
9%
7%
6%5%
Source: Bureau of Labor Statistics-QCEW-LMEA- Avg 2010
Public Administration
All Other Industries (private industries not listed individually)Professional, Scientific, and Technical ServicesAdministrative and Support and Waste Management and Remediation ServicesRetail Trade
Agriculture, Forestry, Fishing and HuntingHealth Care and Social Assistance
Accommodation and Food Services
Manufacturing
Construction
16%
15%
11%
11%10%
10%
9%
7%
6%5%
Source: Bureau of Labor Statistics-QCEW-LMEA- Avg 2010
Public Administration
All Other Industries (private industries not listed individually)Professional, Scientific, and Technical ServicesAdministrative and Support and Waste Management and Remediation ServicesRetail Trade
Agriculture, Forestry, Fishing and HuntingHealth Care and Social Assistance
Accommodation and Food Services
Manufacturing
Construction
16%
15%
11%
11%10%
10%
9%
7%
6%5%
Source: Bureau of Labor Statistics-QCEW-LMEA- Avg 2010
Public Administration
All Other Industries (private industries not listed individually)Professional, Scientific, and Technical ServicesAdministrative and Support and Waste Management and Remediation ServicesRetail Trade
Agriculture, Forestry, Fishing and HuntingHealth Care and Social Assistance
Accommodation and Food Services
Manufacturing
Construction
16%
15%
11%
11%10%
10%
9%
7%
6%5%
Source: Bureau of Labor Statistics-QCEW-LMEA- Avg 2010
Public Administration
All Other Industries (private industries not listed individually)Professional, Scientific, and Technical ServicesAdministrative and Support and Waste Management and Remediation ServicesRetail Trade
Agriculture, Forestry, Fishing and HuntingHealth Care and Social Assistance
Accommodation and Food Services
Manufacturing
Construction
16%
15%
11%
11%10%
10%
9%
7%
6%5%
Source: Bureau of Labor Statistics-QCEW-LMEA- Avg 2010
Public Administration
All Other Industries (private industries not listed individually)Professional, Scientific, and Technical ServicesAdministrative and Support and Waste Management and Remediation ServicesRetail Trade
Agriculture, Forestry, Fishing and HuntingHealth Care and Social Assistance
Accommodation and Food Services
Manufacturing
Construction
5
Industry Contributions to
Employment Change…
Agriculture, Forestry, Fishing and Hunting
Utilities
Manufacturing
Retail Trade
Information
Real Estate and Rental and Leasing
Management of Companies and Enterprises
Education Services
Arts, Entertainment, and Recreation
Other Services (except Public Administration)
(1,500) (1,000) (500) - 500 1,000 1,500 2,000 2,500 3,000 3,500
2005-20062006-20072007-20082008-20092009-2010
Avg Annual Employment, 2010108,867
Source: Employment Security Dept/LMEA; QCEW Avg. 2010; BLS
6
Average Annual Wages by Industry 2010
Source: QWI Online-BLS
Agriculture, Forestry, Fishing and HuntingMining
UtilitiesConstruction
ManufacturingWholesale Trade
Retail TradeTransportation and Warehousing
InformationFinance and Insurance
Real Estate and Rental and LeasingProfessional, Scientific, and Technical Services
Management of Companies and EnterprisesAdministrative and Support and Waste Management and Remediation Services
Education ServicesHealth Care and Social Assistance
Arts, Entertainment, and RecreationAccommodation and Food Services
Other Services (except Public Administration)Public Administration
$0 $20,000 $40,000 $60,000 $80,000 $100,000
$21,531$0$0
$50,611$43,522$43,324
$25,447$35,166$35,707
$48,790$29,545
$80,276$88,921
$77,619$33,637
$40,283$15,767$15,151
$18,280$50,931
Average (Mean) Annual Wages 2010
Avg Annual Wage, 2010 $44,996
7
Benton-Franklin Region
Hanford and Agricultural Clusters
Employment 18,005 16.50%
Wages $1,719,544,788 35.10%
Average Wage $95,505
Hanford Estimated Employment and Wage Share
Employment 15,491 14.20%
Wages $403,290,374 8.20%
Average Wage $26,034
Agricultural and Value Added Manufacturing Employment and Wage Share
Source: BLS-LMEA-RLE estimates for Avg 2010
•An estimated 30.8% of total employment is in two industry clusters- Hanford and Agriculture.
•About 43.3% of total wages are in these two clusters.
•Five year annual growth rate of 4.7% (4.0% and 5.4% respectively).
8
Population Change Benton and Franklin Region
POP 2010 253,340
Source: US CENSUS
1960
1962
1964
1966
1968
1970
1972
1974
1976
1978
1980
1982
1984
1986
1988
1990
1992
1994
1996
1998
2000
2002
2004
2006
2008
2010
2012
2014
2016
2018
2020
2022
2024
2026
2028
2030
0
50,000
100,000
150,000
200,000
250,000
300,000
350,000
Franklin Proj Benton Proj Franklin Benton KPR MSA KPR MSA Proj
Pop Change 2000-2010KPR MSA 32.1%Benton County 23.0%Franklin County 58.4%
9
Poverty RateBenton and Franklin Region
2000 2006 2007 2008 2009 2010U.S. 13.2% 13.3% 13.0% 13.3% 14.3% 15.3%State 11.3% 11.8% 11.4% 11.4% 12.3% 13.4%Franklin 19.2% 24.9% 16.0% 20.4% 18.4% 20.1%Benton 10.3% 13.9% 11.0% 14.8% 11.0% 12.9%
2000 2006 2007 2008 2009 2010U.S. 16.1% 18.3% 18.0% 18.3% 20.0% 21.6%State 13.7% 15.4% 15.0% 14.4% 16.2% 18.2%Franklin 26.2% 37.2% 21.8% 26.8% 25.6% 24.2%Benton 14.8% 22.2% 14.5% 23.0% 19.2% 19.2%
Poverty Rate: Children (<18 years old)
Poverty Rate: Total Population
Source: US Census, ACS data set
Benton Pop 175,177
MH I $59,409
Franklin
Pop 78,163MHI $49,873
KPR MSAMHI $56,407PV Rate 15.1%
Source: US Census
10
Health Care industryHealth Care and Social Assistance Benton and Franklin Region 10.3 % of Total
Employment
2002 2003 2004 2005 2006 2007 2008 2009 20108,000
8,500
9,000
9,500
10,000
10,500
11,000
11,5002010 employment level at 11,195
5-year average annual growth 4.2%
2005-2010 change of 23.0 %
9.7% of total local payrolls
or $475.3 mill
Source: BLS, QCEW- Both Private and Government
Average Annual Wage$42,461
Average Annual Firms 597
11
Health Care and Social Assistance Benton and Franklin Region
Main Industry Firm
Level Specific Industries
Ambulatory Health Care Services 399
(Offices of Physicians, Dentists, other Health Practitioners, Outpatient Care Centers, Medical and Diagnostic Laboratories, Home Health Care Services, and Other Ambulatory Health Care Services)
Hospitals 19(General Medical and Surgical Hospitals, Psychiatric and Substance Abuse Hospitals, and other)
Nursing and Residential Care Facilities 60
(Nursing Care Facilities, Residential Mental Retardation, Mental Health and Substance Abuse Facilities, Community Care Facilities for the Elderly, Other Residential Care Facilities)
Social Assistance 130
(Individual and Family Services, Community Food and Housing, and Emergency and Other Relief Services, Vocational Rehabilitation Services)
Source: BLS, QCEW, both Public and Private
12
HEALTH INSURANCE COVERAGE BF region Benton County
Franklin County
Civilian noninstitutionalized population 253,472
253,472
175,485
175,485 77,987 77,987
With health insurance coverage 211,971
83.60%
150,094
85.50% 61,877
79.30%
With private health insurance159,091 62.80%
120,730
68.80% 38,361
49.20%
With public coverage81,493 32.20% 51,831
29.50% 29,662
38.00%
No health insurance coverage41,501
16.40% 25,391
14.50% 16,110
20.70%
Civilian noninstitutionalized population under 18 years 75,080 75,080 47,880 47,880 27,200 27,200
No health insurance coverage6,230 8.30% 3,379 7.10% 2,851
10.50%
Civilian noninstitutionalized population 18 to 64 years 151,810
151,810
106,798
106,798 45,012 45,012
Source: US Census, ACS 1-year 2010
13
HEALTH INSURANCE COVERAGE BF region Benton County Franklin County In labor force:
117,689117,689 83,914 83,914 33,775 33,775
Employed:109,724
109,724 78,316 78,316 31,408 31,408
With health insurance coverage 87,803
80.00% 64,525 82.40% 23,278
74.10%
With private health insurance 82,333 75.00% 62,274 79.50% 20,059 63.90% With public coverage 8,424 7.70% 4,616 5.90% 3,808 12.10% No health insurance coverage
21,92120.00% 13,791 17.60% 8,130
25.90%
Unemployed: 7,965 7,965 5,598 5,598 2,367 2,367 With health insurance coverage 3,435
43.10% 2,454 43.80% 981
41.40%
With private health insurance 1,989 25.00% 1,444 25.80% 545 23.00% With public coverage 1,720 21.60% 1,158 20.70% 562 23.70% No health insurance coverage 4,530
56.90% 3,144 56.20% 1,386
58.60%
Not in labor force: 34,121 34,121 22,884 22,884 11,237 11,237 With health insurance coverage 25,484
74.70% 17,861 78.10% 7,623
67.80%
With private health insurance 17,369 50.90% 12,958 56.60% 4,411 39.30% With public coverage 11,559 33.90% 7,690 33.60% 3,869 34.40% No health insurance coverage 8,637
25.30% 5,023 21.90% 3,614
32.20%
Source: US Census, ACS 1-year 2010
14
Where are we going…
Population is expected to continue growing for the next 30 years.
Employment in general is expected to grow on average 2.4% a year through 2014 and then slow down to 1.6% growth through 2019
Industries that will be leading growth Health Care and Social AssistanceManufacturingEducational ServicesProfessional, Scientific, and Technical
15
Thank YouFor Any Questions or CommentsAbout Labor Market Information
Contact
Ajša Suljić Regional Labor Economist
16
Check out Washington State Labor Market Information in your areas on the WWW and by contacting your local Economist
Labor Market andEconomic Analysis