Economic Overview · 2018. 11. 14. · Cost of Living Information Annual Average Salary Cost of Living Index (Base US) US Purchasing Power Kiamichi Technology Centers District by

Economic Overview

Kiamichi Technology Centers District by Counties

November 14, 2018

Source: JobsEQ®, http://www.chmuraecon.com/jobseq Copyright © 2018 Chmura Economics & Analytics, All Rights Reserved. 2

DEMOGRAPHIC PROFILE .................................................................................................................................................................... 3

EMPLOYMENT TRENDS ...................................................................................................................................................................... 5

UNEMPLOYMENT RATE ...................................................................................................................................................................... 5

WAGE TRENDS .................................................................................................................................................................................... 6

COST OF LIVING INDEX ....................................................................................................................................................................... 7

INDUSTRY SNAPSHOT ......................................................................................................................................................................... 8

OCCUPATION SNAPSHOT ................................................................................................................................................................. 10

INDUSTRY CLUSTERS ........................................................................................................................................................................ 12

EDUCATION LEVELS .......................................................................................................................................................................... 13

GROSS DOMESTIC PRODUCT ............................................................................................................................................................ 14

REGION DEFINITION ......................................................................................................................................................................... 15

FAQ ................................................................................................................................................................................................... 16

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Demographic Profile The population in the Kiamichi Technology Centers District by Counties was 302,402 per American Community Survey data for 2012-2016.

The region has a civilian labor force of 122,865 with a participation rate of 51.3%. Of individuals 25 to 64 in the Kiamichi Technology Centers District by Counties, 15.6% have a bachelor’s degree or higher which compares with 31.8% in the nation.

The median household income in the Kiamichi Technology Centers District by Counties is $38,042 and the median house value is $86,418.

Summary1

Percent Value

Kiamichi

Technology

Centers District

by Counties Oklahoma USA

Kiamichi

Technology

Centers District

by Counties Oklahoma USA Demographics Population (ACS) — — — 302,402 3,875,589 318,558,162 Male 49.9% 49.5% 49.2% 150,963 1,919,995 156,765,322 Female 50.1% 50.5% 50.8% 151,439 1,955,594 161,792,840 Median Age2 — — — 40.6 36.2 37.7 Under 18 Years 23.3% 24.6% 23.1% 70,447 952,325 73,612,438 18 to 24 Years 8.5% 10.0% 9.8% 25,836 388,986 31,296,577 25 to 34 Years 12.0% 13.8% 13.6% 36,218 533,743 43,397,907 35 to 44 Years 11.4% 12.2% 12.7% 34,531 473,291 40,548,400 45 to 54 Years 13.0% 12.7% 13.6% 39,320 490,534 43,460,466 55 to 64 Years 13.2% 12.3% 12.6% 39,949 474,825 40,061,742 65 to 74 Years 10.8% 8.3% 8.3% 32,527 322,630 26,355,308 75 Years, and Over 7.8% 6.2% 6.2% 23,574 239,255 19,825,324 Race: White 71.6% 72.9% 73.3% 216,618 2,823,497 233,657,078 Race: Black or African American 3.6% 7.3% 12.6% 10,767 281,295 40,241,818 Race: American Indian and Alaska Native 12.7% 7.4% 0.8% 38,525 286,231 2,597,817 Race: Asian 0.4% 2.0% 5.2% 1,315 77,541 16,614,625 Race: Native Hawaiian and Other Pacific Islander 0.1% 0.1% 0.2% 424 4,969 560,021 Race: Some Other Race 2.0% 2.6% 4.8% 5,987 102,292 15,133,856 Race: Two or More Races 9.5% 7.7% 3.1% 28,766 299,764 9,752,947 Hispanic or Latino (of any race) 5.5% 9.8% 17.3% 16,538 381,467 55,199,107 Population Growth Population (Pop Estimates)5 — — — 302,319 3,930,864 325,719,178 Population Annual Average Growth5 0.2% 0.8% 0.8% 489 29,652 2,448,797 Economic Labor Force Participation Rate and Size (civilian population 16 years

and over) 51.3% 61.3% 63.3% 122,865 1,843,120 159,807,099

Armed Forces Labor Force 0.0% 0.6% 0.4% 75 18,115 1,011,641 Veterans, Age 18-64 6.1% 6.7% 5.1% 10,783 156,570 10,165,671 Veterans Labor Force Participation Rate and Size, Age 18-64 58.1% 73.4% 75.4% 6,264 114,950 7,664,089 Median Household Income2 — — — $38,042 $48,038 $55,322 Per Capita Income — — — $20,495 $25,628 $29,829





Summary1 Percent Value

Kiamichi

Technology

Centers District

by Counties Oklahoma USA

Kiamichi

Technology

Centers District

by Counties Oklahoma USA Poverty Level (of all people) 20.5% 16.5% 15.1% 59,759 621,155 46,932,225 Households Receiving Food Stamps 18.2% 13.7% 13.0% 20,972 199,662 15,360,951 Mean Commute Time (minutes) — — — 23.0 21.4 26.1 Commute via Public Transportation 0.4% 0.5% 5.1% 441 7,924 7,476,312 Educational Attainment, Age 25-64 No High School Diploma 14.8% 11.7% 11.6% 22,158 230,959 19,478,050 High School Graduate 38.7% 30.7% 26.1% 58,028 604,926 43,788,541 Some College, No Degree 22.7% 24.1% 21.5% 34,054 475,755 36,025,193 Associate's Degree 8.2% 8.2% 8.9% 12,338 160,968 14,962,488 Bachelor's Degree 11.0% 17.5% 20.2% 16,468 345,157 33,845,524 Postgraduate Degree 4.6% 7.8% 11.6% 6,972 154,628 19,368,719 Housing Total Housing Units — — — 148,719 1,699,462 134,054,899 Median House Value (of owner-occupied units)2 — — — $86,418 $121,300 $184,700 Homeowner Vacancy 2.3% 2.1% 1.8% 1,977 21,173 1,395,797 Rental Vacancy 9.1% 8.0% 6.2% 3,341 44,404 2,855,844 Renter-Occupied Housing Units (% of Occupied Units) 28.4% 34.3% 36.4% 32,775 501,339 42,835,169 Occupied Housing Units with No Vehicle Available (% of Occupied

Units) 6.3% 5.7% 9.0% 7,237 82,935 10,562,847

Social Enrolled in Grade 12 (% of total population) 1.2% 1.2% 1.4% 3,667 47,768 4,433,703 Disconnected Youth4 5.3% 4.2% 2.8% 786 8,660 485,589 Children in Single Parent Families (% of all children) 38.1% 35.3% 34.7% 24,503 314,037 24,318,038 With a Disability, Age 18-64 20.6% 13.9% 10.3% 34,892 319,936 20,188,257 With a Disability, Age 18-64, Labor Force Participation Rate and Size 34.3% 41.0% 41.0% 11,974 131,134 8,278,834 Foreign Born 2.2% 5.8% 13.2% 6,691 225,516 42,194,354 Speak English Less Than Very Well (population 5 yrs and over) 1.7% 4.0% 8.5% 4,820 146,023 25,440,956 Union Membership Total3 6.0% 5.4% 10.7% — — — Private Sector3 4.1% 3.3% 6.4% — — — Manufacturing3 9.4% 7.1% 8.7% — — — Public Sector3 10.0% 13.6% 35.1% — — — Source: JobsEQ® 1. American Community Survey 2012-2016, unless noted otherwise 2. Median values for certain aggregate regions (such as MSAs) may be estimated as the weighted averages of the median values from the composing counties. 3. 2017; Current Population Survey, unionstats.com, and Chmura; county- and zip-level data are best estimates based upon industry-, MSA-, and state-level data 4. Disconnected Youth are 16-19 year olds who are (1) not in school, (2) not high school graduates, and (3) either unemployed or not in the labor force. 5. Census 2017, annual average growth rate since 2007






Employment Trends As of 2018Q2, total employment for the Kiamichi Technology Centers District by Counties was 104,364 (based on a four-quarter moving average). Over the year ending 2018Q2, employment declined 0.7% in the region.

Employment data are derived from the Quarterly Census of Employment and Wages, provided by the Bureau of Labor Statistics and imputed where necessary. Data are updated through 2017Q4 with preliminary estimates updated to 2018Q2.

Unemployment Rate The seasonally adjusted unemployment rate for the Kiamichi Technology Centers District by Counties was 4.7% as of August 2018. The regional unemployment rate was higher than the national rate of 4.0%. One year earlier, in August 2017, the unemployment rate in the Kiamichi Technology Centers District by Counties was 5.5%.

Unemployment rate data are from the Local Area Unemployment Statistics, provided by the Bureau of Labor Statistics and updated through August 2018.





Wage Trends The average worker in the Kiamichi Technology Centers District by Counties earned annual wages of $35,293 as of 2018Q2. Average annual wages per worker increased 3.4% in the region over the preceding four quarters. For comparison purposes, annual average wages were $55,223 in the nation as of 2018Q2.

Annual average wages per worker data are derived from the Quarterly Census of Employment and Wages, provided by the Bureau of Labor Statistics and imputed where necessary. Data are updated through 2017Q4 with preliminary estimates updated to 2018Q2.





Cost of Living Index The Cost of Living Index estimates the relative price levels for consumer goods and services. When applied to wages and salaries, the result is a measure of relative purchasing power. The cost of living is 17.2% lower in Kiamichi Technology Centers District by Counties than the U.S. average.

Cost of Living Information

Annual Average Salary Cost of Living Index

(Base US) US Purchasing Power Kiamichi Technology Centers District by Counties $35,293 82.8 $42,623 Oklahoma $44,571 88.0 $50,632 USA $55,223 100.0 $55,223 Source: JobsEQ® Data as of 2018Q2 Cost of Living per C2ER, data as of 2018q2, imputed by Chmura where necessary.






Industry Snapshot The largest sector in the Kiamichi Technology Centers District by Counties is Health Care and Social Assistance, employing 15,983 workers. The next-largest sectors in the region are Manufacturing (11,554 workers) and Retail Trade (11,500). High location quotients (LQs) indicate sectors in which a region has high concentrations of employment compared to the national average. The sectors with the largest LQs in the region are Mining, Quarrying, and Oil and Gas Extraction (LQ = 6.19), Agriculture, Forestry, Fishing and Hunting (4.60), and Arts, Entertainment, and Recreation (2.13).

Employment data are derived from the Quarterly Census of Employment and Wages, provided by the Bureau of Labor Statistics and imputed where necessary. Data are updated through 2017Q4 with preliminary estimates updated to 2018Q2.

Sectors in the Kiamichi Technology Centers District by Counties with the highest average wages per worker are Mining, Quarrying, and Oil and Gas Extraction ($68,876), Management of Companies and Enterprises ($64,031), and Utilities ($60,614). Regional sectors with the best job growth (or most moderate job losses) over the last 5 years are Health Care and Social Assistance (+1,655 jobs), Public Administration (+1,335), and Arts, Entertainment, and Recreation (+1,240).

Over the next 10 years, employment in the Kiamichi Technology Centers District by Counties is projected to expand by 2,041 jobs. The fastest growing sector in the region is expected to be Health Care and Social Assistance with a +1.5% year-over-year rate of growth. The strongest forecast by number of jobs over this period is expected for Health Care and Social Assistance (+2,479 jobs), Construction (+420), and Mining, Quarrying, and Oil and Gas Extraction (+185).





Current 5-Year History 10-Year Forecast

Four Quarters Ending with 2018q2 Total

Change Avg Ann %

Chg in Empl Separations

(Approximate) ---Growth---

NAICS Industry Empl Avg Ann

Wages LQ Empl Region Total New

Demand Exits Transfers Empl Avg Ann

Rate

11 Agriculture, Forestry,

Fishing and Hunting 6,602 $18,033 4.60 -81 -0.2% 7,061 3,071 4,033 -43 -0.1%

21 Mining, Quarrying, and Oil

and Gas Extraction 2,732 $68,876 6.19 -1,163 -6.8% 3,044 936 1,923 185 0.7%

22 Utilities 1,075 $60,614 1.96 -74 -1.3% 875 340 600 -66 -0.6% 23 Construction 5,545 $42,593 0.95 -365 -1.3% 6,061 2,024 3,617 420 0.7% 31 Manufacturing 11,554 $47,852 1.35 358 0.6% 10,639 4,272 7,292 -925 -0.8% 42 Wholesale Trade 1,670 $43,204 0.41 -470 -4.8% 1,641 646 1,069 -74 -0.5% 44 Retail Trade 11,500 $27,278 1.04 235 0.4% 15,426 6,782 8,580 64 0.1%

48 Transportation and

Warehousing 3,690 $51,294 0.80 -128 -0.7% 3,753 1,646 2,208 -102 -0.3%

51 Information 727 $43,023 0.35 -156 -3.8% 561 239 419 -98 -1.4% 52 Finance and Insurance 2,507 $42,608 0.61 -166 -1.3% 2,279 890 1,442 -53 -0.2%

53 Real Estate and Rental and

Leasing 728 $39,452 0.41 -6 -0.2% 751 340 404 8 0.1%

54 Professional, Scientific,

and Technical Services 2,260 $40,904 0.33 152 1.4% 2,046 734 1,231 81 0.4%

55 Management of

Companies and Enterprises 475 $64,031 0.31 115 5.7% 483 165 280 38 0.8%

56 Administrative and

Support and Waste

Management and

Remediation Services 3,393 $31,217 0.50 -258 -1.5% 4,060 1,682 2,281 97 0.3%

61 Educational Services 8,884 $33,285 1.04 -875 -1.9% 8,138 3,939 4,241 -42 0.0%

62 Health Care and Social

Assistance 15,983 $31,119 1.07 1,655 2.2% 18,580 7,912 8,189 2,479 1.5%

71 Arts, Entertainment, and

Recreation 4,436 $28,218 2.13 1,240 6.8% 6,176 2,783 3,414 -22 0.0%

72 Accommodation and Food

Services 6,897 $15,443 0.73 -51 -0.1% 11,472 5,003 6,296 173 0.2%

81 Other Services (except

Public Administration) 3,621 $25,536 0.79 -523 -2.7% 4,160 1,883 2,243 34 0.1%

92 Public Administration 10,086 $41,925 2.06 1,335 2.9% 9,092 3,906 5,302 -115 -0.1% Total - All Industries 104,364 $35,293 1.00 773 0.1% 116,909 49,196 65,672 2,041 0.2%

Source: JobsEQ® Employment data are derived from the Quarterly Census of Employment and Wages, provided by the Bureau of Labor Statistics and imputed where necessary. Data are updated through 2017Q4 with preliminary estimates updated to 2018Q2. Forecast employment growth uses national projections adapted for regional growth patterns.






Occupation Snapshot The largest major occupation group in the Kiamichi Technology Centers District by Counties is Office and Administrative Support Occupations, employing 13,532 workers. The next-largest occupation groups in the region are Management Occupations (10,088 workers) and Sales and Related Occupations (9,065). High location quotients (LQs) indicate occupation groups in which a region has high concentrations of employment compared to the national average. The major groups with the largest LQs in the region are Management Occupations (LQ = 1.61), Protective Service Occupations (1.46), and Community and Social Service Occupations (1.39).

Occupation groups in the Kiamichi Technology Centers District by Counties with the highest average wages per worker are Management Occupations ($78,000), Legal Occupations ($71,600), and Architecture and Engineering Occupations ($68,300). The unemployment rate in the region varied among the major groups from 1.3% among Management Occupations to 9.8% among Farming, Fishing, and Forestry Occupations.

Over the next 10 years, the fastest growing occupation group in the Kiamichi Technology Centers District by Counties is expected to be Healthcare Support Occupations with a +1.6% year-over-year rate of growth. The strongest forecast by number of jobs over this period is expected for Personal Care and Service Occupations (+649 jobs) and Healthcare Practitioners and Technical Occupations (+580). Over the same period, the highest separation demand (occupation demand due to retirements and workers moving from one occupation to another) is expected in Office and Administrative Support Occupations (14,598 jobs) and Food Preparation and Serving Related Occupations (13,906).

Occupation Snapshot in Kiamichi Technology Centers District by Counties, 2018q2 Current 5-Year History 10-Year Forecast

Four Quarters Ending with

2018q2 -----2018q2----- Total

Change

Avg Ann

% Chg in

Empl --Separations-- ---Growth---

SOC Occupation Empl Avg Ann

Wages1 LQ Unempl Unempl

Rate Online

Job Ads2 Empl Region Total New

Demand Exits Transfer Empl Avg Ann

Rate 11-0000 Management 10,088 $78,000 1.61 132 1.3% 126 -128 -0.3% 7,800 4,273 3,342 186 0.2% 13-0000 Business and Financial

Operations 3,070 $56,300 0.57 121 3.5% 87 117 0.8% 2,817 917 1,792 108 0.3%

15-0000 Computer and Mathematical 1,073 $58,500 0.35 41 3.3% 53 20 0.4% 755 192 523 41 0.4%

17-0000 Architecture and Engineering 896 $68,300 0.51 24 2.3% 37 -69 -1.5% 650 229 420 1 0.0%

19-0000 Life, Physical, and Social Science 606 $58,100 0.71 23 3.5% 28 -10 -0.3% 565 161 377 27 0.4%

21-0000 Community and Social Service 2,314 $36,500 1.39 75 3.2% 82 143 1.3% 2,826 952 1,602 271 1.1%

23-0000 Legal 655 $71,600 0.78 22 3.1% 17 -22 -0.7% 399 160 221 19 0.3% 25-0000 Education, Training, and

Library 6,168 $35,900 1.05 281 4.3% 106 -586 -1.8% 5,259 2,604 2,550 104 0.2%

27-0000 Arts, Design, Entertainment, Sports, and Media

957 $37,400 0.51 25 2.4% 39 -48 -1.0% 933 403 520 10 0.1%

29-0000 Healthcare Practitioners and Technical 5,733 $59,800 0.97 112 1.8% 291 402 1.5% 3,888 1,627 1,681 580 1.0%

31-0000 Healthcare Support 3,347 $26,800 1.14 175 4.6% 64 172 1.1% 4,596 2,062 1,957 577 1.6% 33-0000 Protective Service 3,263 $34,300 1.46 132 3.9% 60 443 3.0% 2,948 1,390 1,613 -55 -0.2% 35-0000 Food Preparation and

Serving Related 8,332 $19,900 0.93 844 8.1% 274 375 0.9% 14,092 6,183 7,723 185 0.2%

37-0000 Building and Grounds Cleaning and Maintenance

3,600 $23,200 0.98 267 6.3% 66 62 0.4% 4,515 2,159 2,304 52 0.1%





Occupation Snapshot in Kiamichi Technology Centers District by Counties, 2018q2 Current 5-Year History 10-Year Forecast

Four Quarters Ending with

2018q2 -----2018q2----- Total

Change

Avg Ann

% Chg in

Empl --Separations-- ---Growth---

SOC Occupation Empl Avg Ann

Wages1 LQ Unempl Unempl

Rate Online

Job Ads2 Empl Region Total New

Demand Exits Transfer Empl Avg Ann

Rate

39-0000 Personal Care and Service 4,728 $22,000 1.17 285 5.4% 51 632 2.9% 7,812 3,584 3,579 649 1.3%

41-0000 Sales and Related 9,065 $26,700 0.85 668 6.2% 538 182 0.4% 13,349 6,046 7,255 48 0.1% 43-0000 Office and

Administrative Support 13,532 $31,000 0.88 716 4.6% 301 288 0.4% 14,037 6,832 7,766 -560 -0.4%

45-0000 Farming, Fishing, and Forestry 855 $30,400 1.24 97 9.8% 16 -72 -1.6% 1,087 300 855 -69 -0.8%

47-0000 Construction and Extraction 6,062 $38,800 1.27 586 8.1% 87 -676 -2.1% 6,840 2,140 4,317 383 0.6%

49-0000 Installation, Maintenance, and Repair

4,591 $40,800 1.15 198 3.7% 226 -68 -0.3% 4,404 1,602 2,727 75 0.2%

51-0000 Production 7,902 $34,300 1.25 607 6.3% 140 -160 -0.4% 7,936 2,980 5,532 -576 -0.8% 53-0000 Transportation and

Material Moving 7,528 $33,600 1.04 615 6.8% 899 -227 -0.6% 8,904 3,552 5,367 -15 0.0%

Total - All Occupations 104,364 $36,400 1.00 n/a n/a 3,588 773 0.1% 116,411 50,347 64,024 2,041 0.2% Source: JobsEQ® Data as of 2018Q2 unless noted otherwise Note: Figures may not sum due to rounding. 1. Occupation wages are as of 2017 and should be taken as the average for all Covered Employment 2. Data represent found online ads active within the last thirty days in the selected region; data represents a sampling rather than the complete universe of postings. Ads lacking zip code information but designating a place (city, town, etc.) may be assigned to the zip code with greatest employment in that place for queries in this analytic. Due to alternative county-assignment algorithms, ad counts in this analytic may not match that shown in RTI (nor in the popup window ad list). Occupation employment data are estimated via industry employment data and the estimated industry/occupation mix. Industry employment data are derived from the Quarterly Census of Employment and Wages, provided by the Bureau of Labor Statistics and currently updated through 2017Q4, imputed where necessary with preliminary estimates updated to 2018Q2. Wages by occupation are as of 2017 provided by the BLS and imputed where necessary. Forecast employment growth uses national projections from the Bureau of Labor Statistics adapted for regional growth patterns.






Industry Clusters A cluster is a geographic concentration of interrelated industries or occupations. The industry cluster in the Kiamichi Technology Centers District by Counties with the highest relative concentration is Agricultural with a location quotient of 4.55. This cluster employs 6,774 workers in the region with an average wage of $18,231. Employment in the Agricultural cluster is projected to contract in the region about 0.0% per year over the next ten years.

Location quotient and average wage data are derived from the Quarterly Census of Employment and Wages, provided by the Bureau of Labor Statistics, imputed where necessary, and updated through 2017Q4 with preliminary estimates updated to 2018Q2. Forecast employment growth uses national projections from the Bureau of Labor Statistics adapted for regional growth patterns.





Education Levels Expected growth rates for occupations vary by the education and training required. While all employment in the Kiamichi Technology Centers District by Counties is projected to grow 0.2% over the next ten years, occupations typically requiring a postgraduate degree are expected to grow 0.8% per year, those requiring a bachelor’s degree are forecast to grow 0.4% per year, and occupations typically needing a 2-year degree or certificate are expected to grow 0.5% per year.

Employment by occupation data are estimates are as of 2018Q2. Education levels of occupations are based on BLS assignments. Forecast employment growth uses national projections from the Bureau of Labor Statistics adapted for regional growth patterns.





Gross Domestic Product Gross Domestic Product (GDP) is the total value of goods and services produced by a region. In 2017, nominal GDP in the Kiamichi Technology Centers District by Counties expanded 5.5%. This follows a contraction of 0.3% in 2016. As of 2017, total GDP in the Kiamichi Technology Centers District by Counties was $8,377,391,000.

Gross Domestic Product data are provided by the Bureau of Economic Analysis, imputed by Chmura where necessary, updated through 2017.

Of the sectors in the Kiamichi Technology Centers District by Counties, Manufacturing contributed the largest portion of GDP in 2017, $1,226,840,000 The next-largest contributions came from Public Administration ($822,686,000); Health Care and Social Assistance ($773,502,000); and Retail Trade ($692,448,000).

Gross Domestic Product data are provided by the Bureau of Economic Analysis, imputed by Chmura where necessary, updated through 2017.





Region Definition Kiamichi Technology Centers District by Counties is defined as the following counties: Atoka County, Oklahoma; Bryan County, Oklahoma; Choctaw County, Oklahoma; Coal County, Oklahoma; Haskell County, Oklahoma; Hughes County, Oklahoma; Johnston County, Oklahoma; Latimer County, Oklahoma; Le Flore County, Oklahoma; McCurtain County, Oklahoma; McIntosh County, Oklahoma; Marshall County, Oklahoma; Pittsburg County, Oklahoma; Pushmataha County, Oklahoma





FAQ What is a location quotient?

A location quotient (LQ) is a measurement of concentration in comparison to the nation. An LQ of 1.00 indicates a region has the same concentration of an industry (or occupation) as the nation. An LQ of 2.00 would mean the region has twice the expected employment compared to the nation and an LQ of 0.50 would mean the region has half the expected employment in comparison to the nation.

What is separation demand?

Separation demand is the number of jobs required due to separations—labor force exits (including retirements) and turnover resulting from workers moving from one occupation into another. Note that separation demand does not include all turnover—it does not include when workers stay in the same occupation but switch employers. The total projected demand for an occupation is the sum of the separation demand and the growth demand (which is the increase or decrease of jobs in an occupation expected due to expansion or contraction of the overall number of jobs in that occupation).

What is a cluster?

A cluster is a geographic concentration of interrelated industries or occupations. If a regional cluster has a location quotient of 1.25 or greater, the region is considered to possess a competitive advantage in that cluster.

What is the difference between industry wages and occupation wages?

Industry wages and occupation wages are estimated via separate data sets, often the time periods being reported do not align, and wages are defined slightly differently in the two systems (for example, certain bonuses are included in the industry wages but not the occupation wages). It is therefore common that estimates of the average industry wages and average occupation wages in a region do not match exactly.

What is NAICS?

The North American Industry Classification System (NAICS) is used to classify business establishments according to the type of economic activity. The NAICS Code comprises six levels, from the “all industry” level to the 6-digit level. The first two digits define the top level category, known as the “sector,” which is the level examined in this report.

What is SOC?

The Standard Occupational Classification system (SOC) is used to classify workers into occupational categories. All workers are classified into one of over 820 occupations according to their occupational definition. To facilitate classification, occupations are combined to form 23 major groups, 96 minor groups, and 449 occupation groups. Each occupation group includes detailed occupations requiring similar job duties, skills, education, or experience.

About This Report This report and all data herein were produced by JobsEQ®, a product of Chmura Economics & Analytics. The information contained herein was obtained from sources we believe to be reliable. However, we cannot guarantee its accuracy and completeness.




Documents

Economic Overview · 2018. 11. 14. · Cost of Living Information Annual Average Salary Cost of Living Index (Base US) US Purchasing Power Kiamichi Technology Centers District by