Navarro County, TXreports.dfwjobs.com/LMI/Profiles/Navarro.pdf · 2020. 1. 22. · Navarro County,...
Transcript of Navarro County, TXreports.dfwjobs.com/LMI/Profiles/Navarro.pdf · 2020. 1. 22. · Navarro County,...
Economy Overview
Navarro 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
48349 Navarro 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 3.7% since 2014, growing by 1,766. Popula on is expected to increase by
2.6% between 2019 and 2024, adding 1,298.
From 2014 to 2019, jobs increased by 3.8% in Navarro County, TX from 18,875 to 19,585. This change fell short of the
na onal growth rate of 7.3% by 3.5%. As the number of jobs increased, the labor force par cipa on rate increased from 61.8%
to 62.8% between 2014 and 2019.
Concerning educa onal a ainment, 10.1% of Navarro County, TX residents possess a Bachelor's Degree (8.7% below the
na onal average), and 8.7% hold an Associate's Degree (0.6% above the na onal average).
The top three industries in 2019 are Educa on and Hospitals (Local Government), Restaurants and Other Ea ng Places, and
Sugar and Confec onery Product Manufacturing.
49,712 19,585 $45.1KPopula on (2019) Total Regional Employment Median Household Income (2017)
Popula on grew by 1,766 overthe last 5 years and is projected to
grow by 1,298 over the next 5years.
Jobs grew by 709 over the last 5years and are projected to growby 1,145 over the next 5 years.
Median household income is$12.5K below the na onal median
household income of $57.7K.
Region 49,712 24,315 19,585 93.3 $1.88B $2.97B $2.39B
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
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2019 Labor Force Breakdown
Popula on
49,712
Educa onal A ainment
Concerning educa onal a ainment, 10.1% of Navarro County, TX residents possess a Bachelor's Degree (8.7% below the na onal
average), and 8.7% hold an Associate's Degree (0.6% above the na onal average).
Popula on
A Total Working Age Popula on 38,710
A Not in Labor Force (15+) 14,395
A Labor Force 24,315
A Employed 23,606
A Unemployed 709
A Under 15 11,003
% of Popula on Popula on
A Less Than 9th Grade 12.4% 3,991
A 9th Grade to 12th Grade 10.5% 3,382
A High School Diploma 30.1% 9,718
A Some College 22.5% 7,261
A Associate's Degree 8.7% 2,797
A Bachelor's Degree 10.1% 3,264
A Graduate Degree and Higher 5.7% 1,827
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 3.7% since 2014, growing by 1,766. Popula on is expected to increase by 2.6%
between 2019 and 2024, adding 1,298.
2014 47,947
2015 48,209
2016 48,417
2017 48,779
2018 49,565
2019 49,712
2020 50,021
2021 50,303
2022 50,561
2023 50,797
2024 51,011
Timeframe Popula on
Economy Overview
Emsi Q1 2020 Data Set | www.economicmodeling.com 4
Job Trends
From 2014 to 2019, jobs increased by 3.8% in Navarro County, TX from 18,875 to 19,585. This change fell short of the na onal
growth rate of 7.3% by 3.5%.
2014 18,875
2015 18,965
2016 18,655
2017 18,611
2018 19,352
2019 19,585
2020 19,925
2021 20,201
2022 20,430
2023 20,622
2024 20,729
Timeframe Jobs
Economy Overview
Emsi Q1 2020 Data Set | www.economicmodeling.com 5
Labor Force Par cipa on Rate Trends
2014 61.81%
2015 60.92%
2016 60.25%
2017 59.94%
2018 61.15%
January - July 2019 61.85%
August 2019 62.44%
September 2019 63.36%
October 2019 62.81%
Timeframe Labor Force Par cipa on Rate
Economy Overview
Emsi Q1 2020 Data Set | www.economicmodeling.com 6
Unemployment Rate Trends
Navarro County, TX had an October 2019 unemployment rate of 2.92%, decreasing from 5.20% 5 years before.
2014 5.20%
2015 4.20%
2016 4.18%
2017 3.95%
2018 3.70%
January - July 2019 3.41%
August 2019 3.22%
September 2019 2.90%
October 2019 2.92%
Timeframe Unemployment Rate
Economy Overview
Emsi Q1 2020 Data Set | www.economicmodeling.com 7
Navarro County, TX has 8,645
millennials (ages 25-39). The
na onal average for an area this
size is 10,190.
Re rement risk is about average in
Navarro County, TX. The na onal
average for an area this size is
14,347 people 55 or older, while
there are 14,812 here.
Racial diversity is high in Navarro
County, TX. The na onal average
for an area this size is 19,637
racially diverse people, while there
are 22,111 here.
Navarro County, TX has 2,876
veterans. The na onal average for
an area this size is 2,841.
Navarro County, TX has 3.22
violent crimes per 1,000 people.
The na onal rate is 3.87 per 1,000
people.
Navarro County, TX has 15.35
property crimes per 1,000 people.
The na onal rate is 22.98 per
1,000 people.
Popula on Characteris cs
8,645
Millennials
14,812
Re ring Soon
22,111
Racial Diversity
2,876
Veterans
3.22/1,000
Violent Crime
15.35/1,000
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 Navarro County, TX currently works compared to where talent lives can help you op mize site
decisions.
75110 Corsicana, TX (in Navarro county)… 13,942
75109 Corsicana, TX (in Navarro county)… 2,095
75151 Corsicana, TX (in Navarro county)… 1,262
75155 Rice, TX (in Navarro county)… 651
75144 Kerens, TX (in Navarro county)… 429
ZIP Name2019
Employment
75110 Corsicana, TX (in Navarro county)… 14,053
75109 Corsicana, TX (in Navarro county)… 2,197
75144 Kerens, TX (in Navarro county)… 1,653
75155 Rice, TX (in Navarro county)… 1,274
76641 Frost, TX (in Navarro county)… 822
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 1,000 2,000 3,000
Government
Manufacturing
Health Care and Social Assistance
Retail Trade
Construc on
Accommoda on and Food Services
Administra ve and Support and Waste Management andRemedia on Services
Wholesale Trade
Other Services (except Public Administra on)
Transporta on and Warehousing
Finance and Insurance
Agriculture, Forestry, Fishing and Hun ng
Professional, Scien fic, and Technical Services
Real Estate and Rental and Leasing
Informa on
Arts, Entertainment, and Recrea on
U li es
Mining, Quarrying, and Oil and Gas Extrac on
Educa onal Services
Management of Companies and Enterprises
Economy Overview
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Top Growing Industries
Industry Jobs Growth
0 100 200 300 400
Manufacturing
Accommoda on and Food Services
Administra ve and Support and Waste Management andRemedia on Services
Transporta on and Warehousing
Arts, Entertainment, and Recrea on
Informa on
Real Estate and Rental and Leasing
Finance and Insurance
U li es
Professional, Scien fic, and Technical Services
Educa onal Services
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
Agriculture, Forestry, Fishing and Hun ng
Construc on
Government
Wholesale Trade
Transporta on and Warehousing
Retail Trade
Health Care and Social Assistance
Mining, Quarrying, and Oil and Gas Extrac on
Other Services (except Public Administra on)
Administra ve and Support and Waste Management andRemedia on Services
Real Estate and Rental and Leasing
Accommoda on and Food Services
Finance and Insurance
Informa on
Arts, Entertainment, and Recrea on
Professional, Scien fic, and Technical Services
Management of Companies and Enterprises
Educa onal Services
Economy Overview
Emsi Q1 2020 Data Set | www.economicmodeling.com 12
Top Industry GRP
2019 Gross Regional Product
$0.000 $50.00M $100.0M $150.0M $200.0M $250.0M $300.0M
Manufacturing
Government
Mining, Quarrying, and Oil and Gas Extrac on
Wholesale Trade
Construc on
Health Care and Social Assistance
Retail Trade
Transporta on and Warehousing
Finance and Insurance
Agriculture, Forestry, Fishing and Hun ng
U li es
Real Estate and Rental and Leasing
Administra ve and Support and Waste Management andRemedia on Services
Accommoda on and Food Services
Professional, Scien fic, and Technical Services
Other Services (except Public Administra on)
Informa on
Arts, Entertainment, and Recrea on
Management of Companies and Enterprises
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
U li es
Management of Companies and Enterprises
Mining, Quarrying, and Oil and Gas Extrac on
Finance and Insurance
Transporta on and Warehousing
Real Estate and Rental and Leasing
Manufacturing
Construc on
Professional, Scien fic, and Technical Services
Wholesale Trade
Government
Health Care and Social Assistance
Informa on
Agriculture, Forestry, Fishing and Hun ng
Retail Trade
Administra ve and Support and Waste Management andRemedia on Services
Other Services (except Public Administra on)
Educa onal Services
Arts, Entertainment, and Recrea on
Accommoda on and Food Services
Economy Overview
Emsi Q1 2020 Data Set | www.economicmodeling.com 14
Government 3,762 3,624 -138 -4% 1.24 $51,933 $199.59M
Manufacturing 3,117 3,615 498 +16% 2.33 $54,734 $343.64M
Health Care and Social Assistance 2,376 2,216 -160 -7% 0.89 $43,926 $116.76M
Retail Trade 1,973 1,880 -93 -5% 0.97 $32,970 $104.26M
Construc on 1,711 1,701 -10 -1% 1.53 $54,727 $132.09M
Accommoda on and Food Services 1,039 1,282 243 +23% 0.76 $18,007 $38.73M
Administra ve and Support and WasteManagement and Remedia onServices
732 956 224 +31% 0.79 $31,903 $44.05M
Wholesale Trade 800 757 -43 -5% 1.06 $53,009 $145.56M
Other Services (except PublicAdministra on)
801 756 -45 -6% 0.82 $26,929 $29.15M
Transporta on and Warehousing 615 735 120 +20% 1.01 $58,837 $86.29M
Finance and Insurance 471 490 19 +4% 0.62 $59,137 $70.79M
Agriculture, Forestry, Fishing andHun ng
438 401 -37 -8% 1.76 $36,730 $65.98M
Professional, Scien fic, and TechnicalServices
302 309 7 +2% 0.24 $54,077 $31.43M
Real Estate and Rental and Leasing 226 256 30 +13% 0.77 $57,305 $47.92M
Informa on 135 174 39 +29% 0.49 $42,130 $23.01M
Arts, Entertainment, and Recrea on 98 146 48 +49% 0.43 $23,545 $6.09M
U li es 125 141 16 +13% 2.12 $111,141 $57.44M
Mining, Quarrying, and Oil and GasExtrac on
87 71 -16 -18% 0.86 $71,304 $167.94M
Educa onal Services 25 29 4 +16% 0.06 $25,506 $1.09M
Management of Companies andEnterprises
38 26 -12 -32% 0.09 $105,954 $3.53M
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
4,038 Companies Employ Your Workers
Online profiles for your workers men on 4,038 companies as employers, with the top 10 appearing below. In the last 12 months,
1,070 companies in Navarro County, TX posted job pos ngs, with the top 10 appearing below.
Corsicana Isd 215
Navarro College 146
Navarro Regional Hospital Auxiliary, Inc.… 109
Russell Stover Candies, Inc. 65
Wal-Mart Stores, Inc. 62
Guardian Industries Corp. 58
Pac v LLC 53
Corsicana Bedding, Inc. 52
Kohl's Corpora on 50
Teletech Holdings, Inc. 48
Top Companies Profiles
CRST Interna onal, Inc. 591
HealthCare Employment Network… 308
Teach For America, Inc. 133
Pac v LLC 131
Community Health Systems, Inc. 125
HomeAdvisor, Inc. 109
K.B. Transporta on, Inc. 104
Telereach Inc 99
Morgan, Lewis & Bockius LLP 92
HCA Holdings, Inc. 90
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 34.7% 574
A 5 to 9 employees 28.9% 478
A 10 to 19 employees 20.1% 333
A 20 to 49 employees 12.4% 205
A 50 to 99 employees 2.5% 41
A 100 to 249 employees 1.1% 19
A 250 to 499 employees 0.1% 2
A 500+ employees 0.1% 1
Economy Overview
Emsi Q1 2020 Data Set | www.economicmodeling.com 17
Workforce Characteris cs
Largest Occupa ons
Occupa on Jobs Na onal Average
0 500 1,000 1,500 2,000 2,500
Produc on
Office and Administra ve Support
Sales and Related
Educa on, Training, and Library
Transporta on and Material Moving
Food Prepara on and Serving Related
Construc on and Extrac on
Installa on, Maintenance, and Repair
Management
Healthcare Prac oners and Technical
Personal Care and Service
Building and Grounds Cleaning and Maintenance
Healthcare Support
Business and Financial Opera ons
Protec ve Service
Farming, Fishing, and Forestry
Community and Social Service
Arts, Design, Entertainment, Sports, and Media
Architecture and Engineering
Computer and Mathema cal
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 50 100 150 200 250 300
Produc on
Food Prepara on and Serving Related
Transporta on and Material Moving
Installa on, Maintenance, and Repair
Business and Financial Opera ons
Building and Grounds Cleaning and Maintenance
Management
Construc on and Extrac on
Computer and Mathema cal
Protec ve Service
Personal Care and Service
Arts, Design, Entertainment, Sports, and Media
Community and Social Service
Life, Physical, and Social Science
Legal
Economy Overview
Emsi Q1 2020 Data Set | www.economicmodeling.com 19
Top Occupa on LQ
Occupa on LQ
0.00 1.00 2.00
Produc on
Farming, Fishing, and Forestry
Educa on, Training, and Library
Construc on and Extrac on
Transporta on and Material Moving
Installa on, Maintenance, and Repair
Building and Grounds Cleaning and Maintenance
Healthcare Support
Office and Administra ve Support
Sales and Related
Food Prepara on and Serving Related
Protec ve Service
Personal Care and Service
Management
Healthcare Prac oners and Technical
Community and Social Service
Life, Physical, and Social Science
Arts, Design, Entertainment, Sports, and Media
Architecture and Engineering
Business and Financial Opera ons
Legal
Military-only
Computer and Mathema cal
Economy Overview
Emsi Q1 2020 Data Set | www.economicmodeling.com 20
Top Occupa on Earnings
2018 Median Hourly Earnings
$0.00 $5.00 $10.00 $15.00 $20.00 $25.00 $30.00 $35.00
Management
Architecture and Engineering
Life, Physical, and Social Science
Business and Financial Opera ons
Legal
Healthcare Prac oners and Technical
Computer and Mathema cal
Community and Social Service
Protec ve Service
Educa on, Training, and Library
Installa on, Maintenance, and Repair
Arts, Design, Entertainment, Sports, and Media
Construc on and Extrac on
Military-only
Office and Administra ve Support
Produc on
Transporta on and Material Moving
Healthcare Support
Sales and Related
Building and Grounds Cleaning and Maintenance
Food Prepara on and Serving Related
Farming, Fishing, and Forestry
Personal Care and Service
Economy Overview
Emsi Q1 2020 Data Set | www.economicmodeling.com 21
Top Posted Occupa ons
Unique Average Monthly Pos ngs
0 100 200 300 400 500 600
Transporta on and Material Moving
Healthcare Prac oners and Technical
Sales and Related
Office and Administra ve Support
Food Prepara on and Serving Related
Produc on
Installa on, Maintenance, and Repair
Management
Educa on, Training, and Library
Personal Care and Service
Healthcare Support
Building and Grounds Cleaning and Maintenance
Business and Financial Opera ons
Arts, Design, Entertainment, Sports, and Media
Construc on and Extrac on
Architecture and Engineering
Computer and Mathema cal
Community and Social Service
Protec ve Service
Life, Physical, and Social Science
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
Produc on 2,238 2,577 339 +15% 2.26 $14.33 78
Office andAdministra ve Support
2,666 2,576 -90 -3% 0.92 $14.42 115
Sales and Related 1,810 1,760 -50 -3% 0.91 $11.50 225
Educa on, Training, andLibrary
1,770 1,700 -70 -4% 1.54 $20.83 54
Transporta on andMaterial Moving
1,502 1,683 181 +12% 1.25 $13.90 658
Food Prepara on andServing Related
1,181 1,384 203 +17% 0.85 $9.64 91
Construc on andExtrac on
1,296 1,330 34 +3% 1.45 $16.19 20
Installa on,Maintenance, and Repair
856 938 82 +10% 1.23 $18.62 64
Management 883 920 37 +4% 0.82 $35.22 59
Healthcare Prac onersand Technical
906 856 -50 -6% 0.79 $25.64 398
Personal Care andService
707 725 18 +3% 0.83 $9.30 25
Building and GroundsCleaning andMaintenance
659 701 42 +6% 0.99 $10.09 23
Healthcare Support 581 508 -73 -13% 0.97 $11.59 24
Business and FinancialOpera ons
400 449 49 +12% 0.43 $26.45 22
Protec ve Service 351 369 18 +5% 0.85 $21.44 11
Farming, Fishing, andForestry
243 241 -2 -1% 1.65 $9.47 0
Community and SocialService
218 227 9 +4% 0.69 $24.57 14
Arts, Design,Entertainment, Sports,and Media
155 166 11 +7% 0.47 $16.46 20
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
Architecture andEngineering
149 146 -3 -2% 0.44 $32.96 18
Computer andMathema cal
115 136 21 +18% 0.24 $25.48 17
Life, Physical, andSocial Science
74 78 4 +5% 0.49 $27.14 3
Legal 66 70 4 +6% 0.43 $26.18 1
Military-only 50 46 -4 -8% 0.41 $14.62 0
Occupa on2014Jobs
2019Jobs Change in Jobs
%Changein Jobs
2019LQ
2018 MedianHourly Earnings
Jan 2019 - Dec 2019 UniqueAverage Monthly Pos ngs
Economy Overview
Emsi Q1 2020 Data Set | www.economicmodeling.com 25
Educa onal Pipeline
In 2018, there were 1,545 graduates in Navarro County, TX. This pipeline has shrunk by 26% over the last 5 years. The highest
share of these graduates come from General Studies, Emergency Medical Technology/Technician (EMT Paramedic), and
Registered Nursing/Registered Nurse.
Cer ficate Associate's Bachelor's Master's or Higher
Navarro College 1,545
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
0 200 400 600 800
Nursing
Merchandising
Basic Life Support
Restaurant Opera on
Intensive Care Unit
Advanced Cardiovascular Life Support (ACLS)
Selling Techniques
Mechanics
Cardiopulmonary Resuscita on (CPR)
Cash Register
Economy Overview
Emsi Q1 2020 Data Set | www.economicmodeling.com 27