Hunt County, TXreports.dfwjobs.com/LMI/Profiles/Hunt.pdfEconomy Overview Hunt County, TX 600 Six Flags Drive, Suite 300 Arlington, Texas 76005 Emsi Q1 2020 Data Set | Economy Overview

Economy Overview

Hunt County, TX

600 Six Flags Drive, Suite 300

Arlington, Texas 76005

Emsi Q1 2020 Data Set | www.economicmodeling.com

Economy Overview


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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


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


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


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


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


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


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


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


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


75428 Commerce, TX (in Hunt county)… 3,316

75474 Quinlan, TX (in Hunt county)… 2,997


ZIP Name2019

Employment



75474 Quinlan, TX (in Hunt county)… 6,605


75135 Caddo Mills, TX (in Hunt county)… 3,320

ZIP Name2019

Workers

Economy Overview


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


Top Growing Industries

Industry Jobs Growth

0 100 200 300 400 500

Government




Construc on

Retail Trade




U li es

Informa on


Economy Overview


Top Industry LQ

Industry LQ

0.00 1.00 2.00

Manufacturing

U li es

Government

Retail Trade

Construc on





Wholesale Trade








Informa on

Educa onal Services

Economy Overview


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


Construc on



Wholesale Trade



U li es





Informa on



Educa onal Services

Economy Overview


Top Industry Earnings

2019 Earnings Per Worker

$0 $20,000 $40,000 $60,000 $80,000 $100,000 $120,000

Manufacturing

U li es





Educa onal Services

Wholesale Trade

Government


Construc on

Informa on



Retail Trade





Economy Overview


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


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


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 500+ employees 0.1% 3

Economy Overview


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


Top Growing Occupa ons

Occupa on Jobs Growth

0 100 200 300 400




Management




Healthcare Support





Sales and Related



Protec ve Service

Legal




Economy Overview


Top Occupa on LQ

Occupa on LQ

0.00 1.00


Produc on




Healthcare Support







Protec ve Service

Management

Sales and Related






Military-only


Legal

Economy Overview


Top Occupa on Earnings

2018 Median Hourly Earnings

$0.00 $10.00 $20.00 $30.00 $40.00


Legal

Management






Protec ve Service




Produc on


Military-only



Healthcare Support

Sales and Related





Economy Overview


Top Posted Occupa ons

Unique Average Monthly Pos ngs

0 200 400 600 800


Sales and Related





Management





Produc on



Healthcare Support



Protec ve Service



Legal


Economy Overview


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


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


%Changein Jobs

2019LQ

2018 MedianHourly Earnings

Jan 2019 - Dec 2019Unique Average Monthly

Pos ngs

Economy Overview


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


%Changein Jobs

2019LQ

2018 MedianHourly Earnings

Jan 2019 - Dec 2019Unique Average Monthly

Pos ngs

Economy Overview


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


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


Documents

Hunt County, TXreports.dfwjobs.com/LMI/Profiles/Hunt.pdfEconomy Overview Hunt County, TX 600 Six Flags Drive, Suite 300 Arlington, Texas 76005 Emsi Q1 2020 Data Set | Economy Overview