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Economy Overview

wda6

Emsi Q4 2018 Data Set | www.economicmodeling.com

Economy Overview


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ContentsEconomy OverviewHistoric & Projected TrendsPopula on Characteris csIndustry Characteris csBusiness Characteris csWorkforce Characteris csEduca onal Pipeline

Economy Overview


As of 2018 the region's popula on declined by 0.4%since 2013, falling by 1,766. Popula on is expected todecrease by 0.1% between 2018 and 2023, losing 228.

From 2013 to 2018, jobs increased by 2.2% in wda6from 211,900 to 216,472. This change fell short of thena onal growth rate of 7.4% by 5.2%. As the numberof jobs increased, the labor force par cipa on rateincreased from 63.7% to 64.4% between 2013 and2018.

Concerning educa onal a ainment, 15.0% of theselected regions' residents possess a Bachelor'sDegree (3.6% below the na onal average), and 10.8%hold an Associate's Degree (2.8% above the na onalaverage).

The top three industries in 2018 are Educa on andHospitals (Local Government), Restaurants and OtherEa ng Places, and Local Government, ExcludingEduca on and Hospitals.

Economy Overview411,694 216,472 $50.6K

Popula on (2018) Jobs (2018) Avg. Earnings Per Job (2018)Popula on decreased by 1,766

over the last 5 years and isprojected to decrease by 228

over the next 5 years.

Jobs grew by 4,572 over the last5 years and are projected to grow

by 4,050 over the next 5 years.

Regional average earnings per jobare $14.2K below the na onalaverage earnings of $64.7K per

job.

Region 411,694 220,943 216,472 99.7 $20.57B $25.76B $24.94Bgrownorth 194,529 104,635 84,562 100.7 $7.35B $12.18B $9.70BEau Claire County, WI 104,183 60,294 62,856 98.6 $5.63B $5.68B $6.02B

Popula on(2018)LaborForce(2018) Jobs(2018) Cost ofLiving GRP Imports Exports

Economy Overview

Emsi Q4 2018 Data Set | www.economicmodeling.com 1

Economy Overview - Cont.2018 Labor Force Breakdown

Popula on411,694

Educa onal A ainmentConcerning educa onal a ainment, 15.0% of the selected regions' residents possess a Bachelor's Degree (3.6% below thena onal average), and 10.8% hold an Associate's Degree (2.8% above the na onal average).

Popula onA Total Working Age Popula on 342,887A Not in Labor Force (15+) 121,944A Labor Force 220,943A Employed 213,740A Unemployed 7,203A Under 15 68,807

% of Popula on Popula onA Less Than 9th Grade 3.7% 10,689A 9th Grade to 12th Grade 5.8% 16,863A High School Diploma 36.4% 106,691A Some College 20.8% 60,868A Associate's Degree 10.8% 31,675A Bachelor's Degree 15.0% 43,873A Graduate Degree and Higher 7.5% 22,081

Economy Overview


Historic & Projected TrendsPopula on TrendsAs of 2018 the region's popula on declined by 0.4% since 2013, falling by 1,766. Popula on is expected to decrease by 0.1%between 2018 and 2023, losing 228.

2013 413,4602014 412,4852015 411,6572016 411,3712017 412,2082018 411,6942019 411,6302020 411,5792021 411,5362022 411,4992023 411,466

Timeframe Popula on

Economy Overview


Historic & Projected Trends - Cont.Job TrendsFrom 2013 to 2018, jobs increased by 2.2% in wda6 from 211,900 to 216,472. This change fell short of the na onal growthrate of 7.4% by 5.2%.

2013 211,9002014 211,5522015 213,9292016 215,5072017 215,9822018 216,4722019 217,6902020 218,6672021 219,4772022 220,1672023 220,521

Timeframe Jobs

Economy Overview


Historic & Projected Trends - Cont.Labor Force Par cipa on Rate Trends

2013 63.27%2014 62.37%2015 62.35%2016 62.57%2017 62.84%January - April 2018 63.11%May 2018 63.66%June 2018 65.08%July 2018 64.44%

Timeframe Labor Force Par cipa on Rate

Economy Overview


Historic & Projected Trends - Cont.Unemployment Rate TrendsYour areas had a July 2018 unemployment rate of 3.26%, decreasing from 7.63% 5 years before.

2013 7.63%2014 6.13%2015 5.01%2016 4.27%2017 3.48%January - April 2018 3.52%May 2018 2.73%June 2018 3.53%July 2018 3.26%

Timeframe Unemployment Rate

Economy Overview


Your area has 71,116 millennials(ages 20-34). The na onal averagefor an area this size is 85,374.

Re rement risk is high in yourarea. The na onal average for anarea this size is 117,510 people 55or older, while there are 147,632here.

Racial diversity is low in your area.The na onal average for an areathis size is 161,882 racially diversepeople, while there are 38,202here.

Your area has 32,205 veterans.The na onal average for an areathis size is 24,849.

Your area has 1.19 violent crimesper 1,000 people. The na onalrate is 3.75 per 1,000 people.

Your area has 15.99 propertycrimes per 1,000 people. Thena onal rate is 24.21 per 1,000people.

Popula on Characteris cs

Reliable Commu ng Informa on Is Not Available

71,116Millennials

147,632Re ring Soon

38,202Racial Diversity

32,205Veterans

1.19/1,000

Violent Crime

15.99/1,000

Property Crime

Reliable commu ng informa on is not available in your area because there are too few jobs.

Economy Overview


Industry Characteris csLargest Industries

Industry Jobs Na onal Average

0 5,000 10,000 15,000 20,000 25,000 30,000Mining, Quarrying, and Oil and Gas Extrac on

U li esEduca onal Services

Real Estate and Rental and LeasingInforma on

Arts, Entertainment, and Recrea onManagement of Companies and Enterprises

Professional, Scien fic, and Technical Services

Administra ve and Support and Waste Management andRemedia on Services

Wholesale TradeAgriculture, Forestry, Fishing and Hun ng

Other Services (except Public Administra on)Construc on

Transporta on and WarehousingFinance and Insurance

Accommoda on and Food ServicesRetail Trade

GovernmentHealth Care and Social Assistance

Manufacturing

Economy Overview


Industry Characteris cs - Cont.Top Growing Industries

Industry Jobs Growth

0 500 1,000 1,500 2,000Mining, Quarrying, and Oil and Gas Extrac on

Informa onReal Estate and Rental and Leasing

Professional, Scien fic, and Technical ServicesWholesale Trade

Construc onAgriculture, Forestry, Fishing and Hun ng

Accommoda on and Food ServicesArts, Entertainment, and Recrea on

Finance and InsuranceAdministra ve and Support and Waste Management and Remedia on Services

Management of Companies and EnterprisesManufacturing

Economy Overview


Industry Characteris cs - Cont.Top Industry LQ

Industry LQ

0.00 1.00 2.00 3.00Mining, Quarrying, and Oil and Gas Extrac on

Educa onal ServicesProfessional, Scien fic, and Technical Services

Administra ve and Support and Waste Management and Remedia on ServicesReal Estate and Rental and Leasing

Informa onArts, Entertainment, and Recrea on

Construc onU li es

GovernmentAccommoda on and Food Services

Other Services (except Public Administra on)Wholesale Trade

Health Care and Social AssistanceRetail Trade

Management of Companies and EnterprisesTransporta on and Warehousing

Finance and InsuranceManufacturing

Agriculture, Forestry, Fishing and Hun ng

Economy Overview


Industry Characteris cs - Cont.Top Industry GRP

2017 Gross Regional Product

$0.000 $1.000B $2.000B $3.000BEduca onal Services

Arts, Entertainment, and Recrea onMining, Quarrying, and Oil and Gas Extrac on

U li esManagement of Companies and Enterprises

Administra ve and Support and Waste Management and Remedia on ServicesOther Services (except Public Administra on)

Informa onReal Estate and Rental and Leasing

Professional, Scien fic, and Technical ServicesAccommoda on and Food Services

Agriculture, Forestry, Fishing and Hun ngTransporta on and Warehousing

Construc onWholesale Trade

Retail TradeGovernment

Health Care and Social AssistanceFinance and Insurance

Manufacturing

Economy Overview


Industry Characteris cs - Cont.Top Industry Earnings

2018 Earnings Per Worker

$0 $20,000 $40,000 $60,000 $80,000 $100,000 $120,000Accommoda on and Food Services

Arts, Entertainment, and Recrea onEduca onal Services

Other Services (except Public Administra on)Retail Trade

Agriculture, Forestry, Fishing and Hun ngAdministra ve and Support and Waste Management and Remedia on Services

Real Estate and Rental and LeasingTransporta on and Warehousing

Construc onGovernment

Wholesale TradeInforma on

ManufacturingHealth Care and Social Assistance

Professional, Scien fic, and Technical ServicesManagement of Companies and Enterprises

Mining, Quarrying, and Oil and Gas Extrac onFinance and Insurance

U li es

Economy Overview


Industry Characteris cs - Cont.

Manufacturing 31,328 33,691 2,363 +8% 1.98 $63,555 $3.83BHealth Care and Social Assistance 30,993 28,552 -2,441 -8% 1.04 $63,692 $2.11BGovernment 28,549 28,106 -443 -2% 0.86 $58,899 $1.81BRetail Trade 26,288 25,174 -1,114 -4% 1.14 $31,146 $1.46BAccommoda on and FoodServices 16,271 16,987 716 +4% 0.91 $17,442 $531.77M

Finance and Insurance 11,921 12,765 844 +7% 1.47 $76,485 $2.73BTransporta on and Warehousing 10,112 10,080 -32 0% 1.32 $53,726 $782.43MConstruc on 9,000 9,577 577 +6% 0.81 $53,800 $839.88MOther Services (except PublicAdministra on) 10,311 9,553 -758 -7% 0.92 $25,349 $361.88M

Agriculture, Forestry, Fishing andHun ng 8,824 9,509 685 +8% 3.67 $32,727 $636.35M

Wholesale Trade 7,826 8,338 512 +7% 1.03 $59,604 $1.21BAdministra ve and Support andWaste Management andRemedia on Services

5,158 6,053 895 +17% 0.45 $33,032 $293.63M

Professional, Scien fic, andTechnical Services 4,917 5,330 413 +8% 0.38 $63,843 $520.34M

Management of Companies andEnterprises 2,226 3,629 1,403 +63% 1.18 $64,235 $267.17M

Arts, Entertainment, andRecrea on 2,068 2,800 732 +35% 0.75 $18,177 $79.67M

Informa on 2,323 2,472 149 +6% 0.62 $63,514 $449.47MReal Estate and Rental and Leasing 1,543 1,729 186 +12% 0.47 $38,068 $499.85MEduca onal Services 1,415 1,312 -103 -7% 0.23 $22,855 $35.68MU li es 644 629 -15 -2% 0.84 $125,417 $260.52M

Industry 2013Jobs 2018Jobs Change in Jobs%Changein Jobs 2018LQ 2018 EarningsPer Worker 2017 GRP

Economy Overview


Industry Characteris cs - Cont.

Mining, Quarrying, and Oil andGas Extrac on 181 187 6 +3% 0.21 $68,474 $89.24M

Industry 2013Jobs 2018Jobs Change in Jobs % Changein Jobs 2018LQ 2018 EarningsPer Worker 2017 GRP

Economy Overview


Business Characteris cs23,341 Companies Employ Your WorkersOnline profiles for your workers men on 23,341 companies as employers, with the top 10 appearing below. In the last 12months, 3,991 companies in your area posted job pos ngs, with the top 10 appearing below.

Marshfield Clinic 1,767Aspirus Wausau Hospital, Inc. 1,408Ministry Health Care, Inc. 866Sentry Insurance 852University of Wisconsin Stevens Point… 832Greenheck Fan Corpora on 559Liberty Mutual Insurance Company… 446Wausau School District 412Saint Joseph's Hospital of Atlanta, Inc.… 385Church Mutual Insurance Company… 362

Top Companies ProfilesMarshfield Clinic 1,869Roehl Transport, Inc. 1,530Aspirus Wausau Hospital, Inc. 1,482Pla num Supplemental Insurance, Inc.… 1,245Tutree, Inc. 999Ascension Health 767Remedy Intelligent Staffing 758Shopko Stores Opera ng Co., LLC… 745Barr-Nunn Transporta on, Inc. 721United Parcel Service, Inc. 714

Top Companies Pos ng Unique Pos ngs

Economy Overview


Business Characteris cs - Cont.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 itsaccuracy 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 CountA 1 to 4 employees 39.7% 7,678A 5 to 9 employees 24.9% 4,826A 10 to 19 employees 18.8% 3,646A 20 to 49 employees 12.2% 2,370A 50 to 99 employees 2.5% 475A 100 to 249 employees 1.2% 235A 250 to 499 employees 0.4% 86A 500+ employees 0.2% 34

Economy Overview


Workforce Characteris csLargest Occupa ons

Occupa on Jobs Na onal Average

0 5,000 10,000 15,000 20,000 25,000 30,000Military-only

LegalLife, Physical, and Social Science

Architecture and EngineeringArts, Design, Entertainment, Sports, and Media

Community and Social ServiceProtec ve Service

Computer and Mathema calFarming, Fishing, and Forestry

Healthcare SupportBuilding and Grounds Cleaning and Maintenance

Personal Care and ServiceConstruc on and Extrac on

Installa on, Maintenance, and RepairBusiness and Financial Opera ons

Educa on, Training, and LibraryHealthcare Prac oners and Technical

ManagementFood Prepara on and Serving Related

Transporta on and Material MovingSales and Related

Produc onOffice and Administra ve Support

Economy Overview


Workforce Characteris cs - Cont.Top Growing Occupa ons

Occupa on Jobs Growth

0 500 1,000 1,500Military-only

Building and Grounds Cleaning and MaintenanceCommunity and Social Service

Life, Physical, and Social ScienceSales and Related

Arts, Design, Entertainment, Sports, and MediaArchitecture and Engineering

Educa on, Training, and LibraryConstruc on and Extrac on

Transporta on and Material MovingManagement

Installa on, Maintenance, and RepairComputer and Mathema cal

Farming, Fishing, and ForestryFood Prepara on and Serving Related

Personal Care and ServiceBusiness and Financial Opera ons

Produc on

Economy Overview


Workforce Characteris cs - Cont.Top Occupa on LQ

Occupa on LQ

0.00 1.00 2.00Military-only

LegalComputer and Mathema cal

Architecture and EngineeringProtec ve Service

Life, Physical, and Social ScienceArts, Design, Entertainment, Sports, and Media

Business and Financial Opera onsPersonal Care and Service

Educa on, Training, and LibraryBuilding and Grounds Cleaning and Maintenance

Construc on and Extrac onCommunity and Social Service

Sales and RelatedFood Prepara on and Serving Related

Office and Administra ve SupportHealthcare Support

Healthcare Prac oners and TechnicalInstalla on, Maintenance, and Repair

ManagementTransporta on and Material Moving

Produc onFarming, Fishing, and Forestry

Economy Overview


Workforce Characteris cs - Cont.Top Occupa on Earnings

2017 Avg. Hourly Earnings

$0.00 $10.00 $20.00 $30.00Food Prepara on and Serving Related

Personal Care and ServiceBuilding and Grounds Cleaning and Maintenance

Farming, Fishing, and ForestryHealthcare Support

Office and Administra ve SupportSales and Related

Transporta on and Material MovingProduc on

Arts, Design, Entertainment, Sports, and MediaCommunity and Social Service

Protec ve ServiceInstalla on, Maintenance, and Repair

Construc on and Extrac onEduca on, Training, and Library

Military-onlyLife, Physical, and Social Science

Business and Financial Opera onsArchitecture and EngineeringComputer and Mathema cal

ManagementHealthcare Prac oners and Technical

Legal

Economy Overview


Workforce Characteris cs - Cont.Top Posted Occupa ons

Unique Average Monthly Pos ngs

0 500 1,000 1,500 2,000Military-only

Farming, Fishing, and ForestryLegal

Life, Physical, and Social ScienceProtec ve Service

Construc on and Extrac onArts, Design, Entertainment, Sports, and Media

Building and Grounds Cleaning and MaintenanceCommunity and Social ServiceArchitecture and Engineering

Personal Care and ServiceHealthcare Support

Computer and Mathema calEduca on, Training, and Library

Installa on, Maintenance, and RepairProduc on

Business and Financial Opera onsFood Prepara on and Serving Related

ManagementOffice and Administra ve Support

Sales and RelatedHealthcare Prac oners and Technical

Transporta on and Material Moving

Economy Overview


Workforce Characteris cs - Cont.

Office andAdministra ve Support 31,796 30,924 -872 -3% 0.97 $16.44 1,070

Produc on 22,889 24,762 1,873 +8% 1.96 $18.12 406Sales and Related 19,873 20,013 140 +1% 0.93 $17.03 1,628Transporta on andMaterial Moving 17,407 17,686 279 +2% 1.22 $17.61 2,258

Food Prepara on andServing Related 16,410 17,050 640 +4% 0.94 $10.19 538

Management 13,286 13,609 323 +2% 1.13 $33.13 548Healthcare Prac onersand Technical 13,134 11,910 -1,224 -9% 0.99 $34.17 2,029

Educa on, Training, andLibrary 10,451 10,649 198 +2% 0.86 $21.70 357

Business and FinancialOpera ons 8,580 9,493 913 +11% 0.85 $27.69 469

Installa on,Maintenance, andRepair

8,962 9,406 444 +5% 1.11 $20.98 382

Construc on andExtrac on 8,401 8,674 273 +3% 0.88 $21.63 127

Personal Care andService 7,146 8,030 884 +12% 0.86 $11.50 198

Building and GroundsCleaning andMaintenance

6,955 6,960 5 +0% 0.87 $12.59 163

Healthcare Support 6,427 5,804 -623 -10% 0.99 $15.09 277Farming, Fishing, andForestry 3,175 3,749 574 +18% 2.27 $14.57 8

Computer andMathema cal 3,130 3,643 513 +16% 0.59 $31.79 296

Protec ve Service 3,401 3,230 -171 -5% 0.66 $20.97 95

Occupa on 2013Jobs 2018Jobs Change in Jobs%Changein Jobs 2018LQ

2017 Avg.HourlyEarningsNov 2017 - Oct 2018Unique AverageMonthly Pos ngs

Economy Overview


Workforce Characteris cs - Cont.

Community and SocialService 3,197 3,213 16 +1% 0.90 $20.85 178

Arts, Design,Entertainment, Sports,and Media

2,591 2,744 153 +6% 0.69 $18.33 138

Architecture andEngineering 2,192 2,378 186 +8% 0.65 $30.76 188

Life, Physical, andSocial Science 1,092 1,167 75 +7% 0.67 $27.48 63

Legal 932 905 -27 -3% 0.50 $35.88 28Military-only 471 476 5 +1% 0.42 $23.41 3

Occupa on 2013Jobs 2018Jobs Change in Jobs%Changein Jobs 2018LQ

2017 Avg.HourlyEarningsNov 2017 - Oct 2018Unique AverageMonthly Pos ngs

Economy Overview


Educa onal PipelineIn 2017, there were 5,997 graduates in wda6. This pipeline has grown by 6% over the last 5 years. The highest share of thesegraduates come from Nursing Assistant/Aide and Pa ent Care Assistant/Aide, Welding Technology/Welder, and "BusinessAdministra on and Management, General".

Cer ficate Associate's Bachelor's Master's or Higher

Northcentral Technical College 2,311

University of Wisconsin-Stevens Point 2,172

Mid-State Technical College 897

Nicolet Area Technical College 576

State College of Beauty Culture Inc 41

Globe University 0

School Total Graduates (2017) Graduate Trend (2013 -2017)

Economy Overview


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