WSNCT Service AreaEconomy Overview WSNCT Service Area 600 Six Flags Drive, Suite 300 Arlington, Texas 76005 Emsi Q2 2020 Data Set | Economy Overview Emsi Q2 2020 Data Set | ... Real

Economy Overview

WSNCT Service Area

600 Six Flags Drive, Suite 300

Arlington, Texas 76005

Emsi Q2 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

Appendix A (Geographies)

Economy Overview


14 Coun es

Class of Worker

QCEW Employees, Non-QCEW Employees, and Self-Employed

The informa on in this report pertains to the chosen geographical areas.

Report Parameters

48085 Collin County, TX

48121 Denton County, TX

48139 Ellis County, TX

48143 Erath County, TX

48221 Hood County, TX

48231 Hunt County, TX

48251 Johnson County, TX

48257 Kaufman County, TX

48349 Navarro County, TX

See Appendix A for all 14 Coun es

Economy Overview

Emsi Q2 2020 Data Set | www.economicmodeling.com 1

Economy Overview

Takeaways

As of 2019 the region's popula on increased by 15.5% since 2014, growing by 404,011. Popula on is expected to increase by

9.9% between 2019 and 2024, adding 296,484.

From 2014 to 2019, jobs increased by 18.8% in WSNCT Service Area from 964,219 to 1,145,840. This change outpaced the

na onal growth rate of 7.6% by 11.2%. As the number of jobs increased, the labor force par cipa on rate increased from

65.6% to 67.4% between 2014 and 2019.

Concerning educa onal a ainment, 25.3% of the selected regions' residents possess a Bachelor's Degree (6.5% above the

na onal average), and 7.5% hold an Associate's Degree (0.6% below the na onal average).

The top three industries in 2019 are Restaurants and Other Ea ng Places, Educa on and Hospitals (Local Government), and

Computer Systems Design and Related Services.

3,008,708 1,145,840 $64.1KPopula on (2019) Total Regional Employment Avg. Earnings Per Job (2019)

Popula on grew by 404,011 overthe last 5 years and is projected togrow by 296,484 over the next 5

years.

Jobs grew by 181,621 over thelast 5 years and are projected to

grow by 156,387 over the next 5years.

Regional average earnings per jobare $4.4K below the na onal

average earnings of $68.5K perjob.

Region 3,008,708 1,607,851 1,145,840 96.9 $145.93B $166.76B $113.93B

16-County Region 7,797,634 4,090,334 4,056,574 98.0 $552.79B $330.56B $400.84B

Na on 329,399,330 163,493,315 165,144,952 100.0 $21.00T $0 $8.96T

Popula on(2019)

LaborForce

(2019) Jobs (2019)

Costof

Living GRP Imports Exports

Economy Overview


2019 Labor Force Breakdown

Popula on

3,008,708

Educa onal A ainment

Concerning educa onal a ainment, 25.3% of the selected regions' residents possess a Bachelor's Degree (6.5% above the

na onal average), and 7.5% hold an Associate's Degree (0.6% below the na onal average).

Popula on

A Total Working Age Popula on 2,386,394

A Not in Labor Force (15+) 778,543

A Labor Force 1,607,851

A Employed 1,563,226

A Unemployed 44,625

A Under 15 622,314

% of Popula on Popula on

A Less Than 9th Grade 5.8% 114,223

A 9th Grade to 12th Grade 4.7% 93,657

A High School Diploma 21.3% 423,002

A Some College 22.3% 442,163

A Associate's Degree 7.5% 149,420

A Bachelor's Degree 25.3% 503,192

A Graduate Degree and Higher 13.1% 259,822

Economy Overview


Historic & Projected Trends

Popula on Trends

As of 2019 the region's popula on increased by 15.5% since 2014, growing by 404,011. Popula on is expected to increase by

9.9% between 2019 and 2024, adding 296,484.

2014 2,604,698

2015 2,681,820

2016 2,763,119

2017 2,846,899

2018 2,937,881

2019 3,008,708

2020 3,078,688

2021 3,143,005

2022 3,201,986

2023 3,255,956

2024 3,305,192

Timeframe Popula on

Economy Overview


Job Trends

From 2014 to 2019, jobs increased by 18.8% in WSNCT Service Area from 964,219 to 1,145,840. This change outpaced the

na onal growth rate of 7.6% by 11.2%.

2014 964,219

2015 1,006,411

2016 1,039,301

2017 1,078,998

2018 1,115,821

2019 1,145,840

2020 1,190,339

2021 1,227,126

2022 1,258,275

2023 1,285,163

2024 1,302,227

Timeframe Jobs

Economy Overview


Labor Force Par cipa on Rate Trends

2015 65.81%

2016 66.56%

2017 66.78%

2018 66.64%

2019 66.33%

January 2020 65.56%

February 2020 65.98%

March 2020 64.86%

Timeframe Labor Force Par cipa on Rate

Economy Overview


Unemployment Rate Trends

Your areas had a March 2020 unemployment rate of 4.13%, increasing from 3.80% 5 years before.

2015 3.80%

2016 3.69%

2017 3.49%

2018 3.29%

2019 3.08%

January 2020 3.15%

February 2020 3.05%

March 2020 4.13%

Timeframe Unemployment Rate

Economy Overview


Your area has 605,368 millennials

(ages 25-39). The na onal average

for an area this size is 603,990.

Re rement risk is low in your area.

The na onal average for an area

this size is 850,417 people 55 or

older, while there are 702,934

here.

Racial diversity is about average in

your area. The na onal average for

an area this size is 1,163,964

racially diverse people, while there

are 1,120,848 here.

Your area has 149,153 veterans.

The na onal average for an area

this size is 167,126.

Your area has 1.89 violent crimes

per 1,000 people. The na onal

rate is 3.87 per 1,000 people.

Your area has 14.63 property

crimes per 1,000 people. The

na onal rate is 22.98 per 1,000

people.

Popula on Characteris cs

605,368

Millennials

702,934

Re ring Soon

1.12M

Racial Diversity

149,153

Veterans

1.89/1,000

Violent Crime

14.63/1,000

Property Crime

Economy Overview


Where Talent Works Where Talent Lives

Place of Work vs Place of Residence

Understanding where talent in the region currently works compared to where talent lives can help you op mize site decisions. For

example, the #1 ranked ZIP for employment ranks #14 for resident workers. The top ZIP for resident workers is 75067.

75024 Plano, TX (in Collin county)… 76,063




75069 Mckinney, TX (in Collin county)… 42,539

ZIP Name2019

Employment

75067 Lewisville, TX (in Denton county)… 42,502

75002 Allen, TX (in Collin county)… 38,385

75035 Frisco, TX (in Collin county)… 37,863

75056 The Colony, TX (in Denton county)… 36,978

76028 Burleson, TX (in Johnson county)… 36,936

ZIP Name2019

Workers

Economy Overview


Industry Characteris cs

Largest Industries

Industry Jobs Na onal Average

0 50,000 100,000 150,000

Government

Retail Trade

Health Care and Social Assistance

Accommoda on and Food Services

Manufacturing

Professional, Scien fic, and Technical Services

Construc on

Other Services (except Public Administra on)

Finance and Insurance

Administra ve and Support and Waste Management andRemedia on Services

Wholesale Trade

Transporta on and Warehousing

Informa on

Real Estate and Rental and Leasing

Arts, Entertainment, and Recrea on

Educa onal Services

Management of Companies and Enterprises

Mining, Quarrying, and Oil and Gas Extrac on

Agriculture, Forestry, Fishing and Hun ng

U li es

Economy Overview


Top Growing Industries

Industry Jobs Growth

0 5,000 10,000 15,000 20,000


Government



Construc on

Retail Trade


Manufacturing






Wholesale Trade


Educa onal Services

Informa on


Economy Overview


Top Industry LQ

Industry LQ

0.00 1.00



Construc on


Retail Trade


Informa on



Manufacturing

Government

U li es

Wholesale Trade






Educa onal Services


Economy Overview


Top Industry GRP

2019 Gross Regional Product

$0.000 $5.000B $10.00B $15.00B


Manufacturing


Government

Wholesale Trade


Retail Trade

Informa on

Construc on








U li es



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 $140,000


U li es

Informa on




Manufacturing

Wholesale Trade

Construc on


Government





Retail Trade


Educa onal Services



Economy Overview


Government 139,781 162,206 22,425 +16% 0.95 $63,600 $11.08B

Retail Trade 115,596 130,914 15,318 +13% 1.16 $38,607 $8.51B

Health Care and SocialAssistance

100,237 118,574 18,337 +18% 0.81 $58,997 $8.69B

Accommoda on and FoodServices

86,499 109,476 22,977 +27% 1.11 $22,894 $3.96B

Manufacturing 79,209 90,053 10,844 +14% 0.99 $94,584 $15.83B

Professional, Scien fic, andTechnical Services

64,269 82,906 18,637 +29% 1.09 $96,867 $12.33B

Construc on 60,881 79,108 18,227 +30% 1.21 $64,408 $7.30B

Other Services (except PublicAdministra on)

53,832 62,632 8,800 +16% 1.16 $31,865 $2.90B

Finance and Insurance 46,621 60,415 13,794 +30% 1.32 $111,271 $16.12B

Administra ve and Support andWaste Management andRemedia on Services

54,098 59,644 5,546 +10% 0.84 $52,269 $4.37B

Wholesale Trade 34,643 38,486 3,843 +11% 0.92 $91,107 $9.19B

Transporta on and Warehousing 27,658 37,560 9,902 +36% 0.87 $61,804 $3.82B

Informa on 20,810 23,319 2,509 +12% 1.12 $117,047 $8.38B

Real Estate and Rental andLeasing

17,820 22,249 4,429 +25% 1.14 $64,043 $5.56B

Arts, Entertainment, andRecrea on

14,622 18,353 3,731 +26% 0.91 $34,628 $1.15B

Educa onal Services 12,254 15,422 3,168 +26% 0.52 $34,297 $671.51M

Management of Companies andEnterprises

10,537 14,797 4,260 +40% 0.89 $146,963 $2.81B

Mining, Quarrying, and Oil andGas Extrac on

14,987 9,103 -5,884 -39% 1.88 $111,435 $6.22B

Agriculture, Forestry, Fishing andHun ng

5,955 6,240 285 +5% 0.47 $39,354 $1.26B

U li es 3,645 3,597 -48 -1% 0.93 $132,397 $1.75B

Industry2014Jobs

2019Jobs Change in Jobs

%Changein Jobs

2019LQ

2019 EarningsPer Worker 2019 GRP

Economy Overview


Business Characteris cs

201,815 Companies Employ Your Workers

Online profiles for your workers men on 201,815 companies as employers, with the top 10 appearing below. In the last 12

months, 24,049 companies in your area posted job pos ngs, with the top 10 appearing below.

Wal-Mart Stores, Inc. 4,719

Bank of America Corpora on 4,590

University of North Texas 3,631

AT&T Inc. 3,576

JPMorgan Chase & Co. 2,701

Texas Health Resources 2,484

Raytheon Company 2,404

J.C. Penney Corpora on, Inc. 2,363

Capital One Financial Corpora on 2,209

Verizon Communica ons Inc. 2,110

Top Companies Profiles

CRST Interna onal, Inc. 7,533

JPMorgan Chase & Co. 5,341

HealthCare Employment Network… 4,774

United Services Automobile Associa on… 4,266

C.R. England, Inc. 3,530

Care.com, Inc. 3,276

Raytheon Company 2,953

HCA Holdings, Inc. 2,790

Oracle Corpora on 2,753

N Data, Inc. 2,587

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 30.8% 23,880

A 5 to 9 employees 29.7% 22,993

A 10 to 19 employees 22.6% 17,503

A 20 to 49 employees 12.7% 9,847

A 50 to 99 employees 2.7% 2,090

A 100 to 249 employees 1.1% 847

A 250 to 499 employees 0.2% 179

A 500+ employees 0.1% 101

Economy Overview


Workforce Characteris cs

Largest Occupa ons

Occupa on Jobs Na onal Average

0 50,000 100,000 150,000

Office and Administra ve Support

Sales and Related

Food Prepara on and Serving Related

Educa on, Training, and Library

Transporta on and Material Moving

Construc on and Extrac on

Management

Produc on

Business and Financial Opera ons

Healthcare Prac oners and Technical

Computer and Mathema cal

Installa on, Maintenance, and Repair

Personal Care and Service

Building and Grounds Cleaning and Maintenance

Healthcare Support

Arts, Design, Entertainment, Sports, and Media

Protec ve Service

Architecture and Engineering

Community and Social Service

Legal

Life, Physical, and Social Science

Farming, Fishing, and Forestry

Military-only

Economy Overview


Top Growing Occupa ons

Occupa on Jobs Growth

0 5,000 10,000 15,000 20,000



Sales and Related



Management







Produc on



Healthcare Support


Protec ve Service


Legal



Military-only

Economy Overview


Top Occupa on LQ

Occupa on LQ

0.00 1.00





Sales and Related






Management


Produc on



Healthcare Support



Protec ve Service

Legal



Military-only

Economy Overview


Top Occupa on Earnings

2018 Median Hourly Earnings

$0.00 $10.00 $20.00 $30.00 $40.00

Management


Legal







Protec ve Service






Produc on

Military-only

Healthcare Support

Sales and Related





Economy Overview


Top Posted Occupa ons

Unique Average Monthly Pos ngs

0 2,000 4,000 6,000 8,000 10,000 12,000

Sales and Related





Management






Produc on


Healthcare Support




Protec ve Service


Legal



Military-only

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

150,513 172,101 21,588 +14% 1.05 $16.65 8,589

Sales and Related 110,864 127,795 16,931 +15% 1.13 $13.59 12,449

Food Prepara on andServing Related

87,280 108,292 21,012 +24% 1.14 $9.66 6,194

Educa on, Training, andLibrary

68,081 79,020 10,939 +16% 1.22 $24.60 1,740

Transporta on andMaterial Moving

59,400 72,025 12,625 +21% 0.91 $16.39 11,793

Construc on andExtrac on

52,686 62,152 9,466 +18% 1.16 $17.95 814

Management 48,239 60,844 12,605 +26% 0.93 $45.58 7,773

Produc on 54,325 60,381 6,056 +11% 0.91 $15.67 1,895

Business and FinancialOpera ons

43,802 56,803 13,001 +30% 0.94 $34.00 5,041

Healthcare Prac onersand Technical

46,539 55,362 8,823 +19% 0.87 $31.24 8,667

Computer andMathema cal

35,170 45,638 10,468 +30% 1.36 $43.46 10,938

Installa on,Maintenance, and Repair

38,387 45,059 6,672 +17% 1.01 $19.85 3,044

Personal Care andService

34,215 43,455 9,240 +27% 0.85 $9.87 2,634

Building and GroundsCleaning andMaintenance

34,134 39,178 5,044 +15% 0.95 $11.79 1,173

Healthcare Support 23,480 26,732 3,252 +14% 0.87 $13.92 1,691

Arts, Design,Entertainment, Sports,and Media

17,267 21,351 4,084 +24% 1.03 $20.69 1,177

Protec ve Service 15,987 18,466 2,479 +16% 0.72 $21.76 696

Architecture andEngineering

15,022 17,286 2,264 +15% 0.90 $40.27 2,109

Occupa on2014Jobs


%Changein Jobs

2019LQ

2018 MedianHourly Earnings

May 2019 - Apr2020 Unique

Average MonthlyPos ngs

Economy Overview


Community andSocial Service

12,567 15,247 2,680 +21% 0.79 $23.76 617

Legal 5,457 6,731 1,274 +23% 0.71 $42.66 306

Life, Physical, andSocial Science

4,242 4,738 496 +12% 0.51 $30.74 285

Farming, Fishing,and Forestry

3,752 4,190 438 +12% 0.49 $10.42 37

Military-only 2,810 2,992 182 +6% 0.46 $14.71 4

Occupa on2014Jobs


%Changein Jobs

2019LQ

2018 MedianHourly Earnings

May 2019 - Apr 2020Unique Average Monthly

Pos ngs

Economy Overview


Educa onal Pipeline

In 2018, there were 27,231 graduates in WSNCT Service Area. This pipeline has grown by 10% over the last 5 years. The highest

share of these graduates come from "Mul -/Interdisciplinary Studies, Other", General Studies, and "Business Administra on and

Management, General".

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

University of North Texas 9,347

Texas Woman's University 3,909

Texas A & M University-Commerce 3,515

Collin County Community College District 3,491

Tarleton State University 3,120

Navarro College 1,545

Weatherford College 1,007

Southwestern Assemblies of GodUniversity

730

Southwestern Adven st University 188

Toni & Guy Hairdressing Academy-Plano 164

SchoolTotal Graduates

(2018)Graduate Trend (2014 -

2018)

Economy Overview


In-Demand Skills

Top Hard Skills Na onal Average

0 10,000 20,000 30,000 40,000 50,000

Merchandising

Restaurant Opera on

Selling Techniques

Audi ng

Accoun ng

Nursing

Agile So ware Development

Customer Experience

SQL (Programming Language)

Java (Programming Language)

Economy Overview


Appendix A (Geographies)

48085 Collin County, TX

48121 Denton County, TX

48139 Ellis County, TX

48143 Erath County, TX

48221 Hood County, TX

48231 Hunt County, TX

48251 Johnson County, TX

Code Descrip on

48257 Kaufman County, TX

48349 Navarro County, TX

48363 Palo Pinto County, TX

48367 Parker County, TX

48397 Rockwall County, TX

48425 Somervell County, TX

48497 Wise County, TX

Code Descrip on

Economy Overview


Documents

WSNCT Service AreaEconomy Overview WSNCT Service Area 600 Six Flags Drive, Suite 300 Arlington, Texas 76005 Emsi Q2 2020 Data Set | Economy Overview Emsi Q2 2020 Data Set | ... Real