Showing posts with label Data. Show all posts
Showing posts with label Data. Show all posts

Friday, January 29, 2016

Educational Attainment and Castle Country

Scott Smith, Regional Economist


The American Community Survey (ACS) is a statistical survey administered by the U.S. Census Bureau. It regularly gathers information previously contained only in the long form of the decennial census, such as educational attainment, income and housing characteristics by age and sex. Sent to 3.54 million addresses annually, it is the largest survey (other than the decennial census) that the Census Bureau administers.

The ACS offers insights how the country’s workers of varying educational attainment are distributed and how they are compensated.

As a point of reference, on average, U.S. workers who possess less than a high school diploma earn $19,954. High school graduates earn $27,868. Workers who have earned an associate’s degree or attended college earn $33,988. College graduates earn $50,515. Recipients of graduate degrees earn $66,944.

Nationally, men make more than women. For example, women earn between 32 and 34 percent less than males with equivalent educational background. Some, but not all, of this difference can be explained by a significant proportion of women who choose part-time employment.

The ACS also maps the composition of the labor force by highest educational attainment. Nationally, roughly 12 percent of the 25-year-and-older population has not graduated from high school. Almost 27 percent of the population has a high school diploma while 31 percent has advanced to an associate’s degree or has attended university. A little more than 30 percent has a bachelor’s degree.
What follows is a comparison of the population of the counties in the Castle Country against the national statistics.

Carbon County

On average, Carbon County residents 25 years and older who possess less than a high school diploma earn $21,726. High school graduates earn $29,063. Workers who earned an associate’s degree or attended college earned $29,136. College graduates earn $37,986, while recipients of professional/graduate degrees make $54,704.

Carbon County workers earn 85 percent of the U.S. median. Sorting by gender yields the statistic that Carbon County women earn 43 percent of men’s wages, while the analogous U.S. figure is 72 percent. Women with less educational attainment influence this figure. Women with no high school degree earn 22 percent, 42 percent for high school graduates and 37 percent for associate’s degrees.
High school graduates in Carbon County earn 104 percent of the U.S. median for both sexes. Men earn 124 percent of the U.S. median for men, while women earn only 78 percent of their respective median. Carbon County residents who hold an associate’s degree or have attended college make 86 percent of the U.S. median. Men earn 122 percent of the U.S. median for men, while women earn 65 percent of the U.S. median for women. College graduates in Carbon County make 75 percent of the U.S. median for both sexes. Men earn 89 percent, while women earn 80 percent. Recipients of graduate degrees earn 82 percent of the U.S. median. Men make 87 percent of the median for men, while women make 91 percent their respective median.

Carbon County residents differ from the national profile by educational attainment. Almost 48 percent of the population hold an associate’s degree or have attended college. In contrast, only 31 percent of the U.S. population has the same level of attainment. Conversely, only 13 percent of the county labor force holds at least a bachelor’s degree. The analogous figure for the U.S. is 31 percent.

Emery County

Emery County residents who possess less than a high school diploma earn on average $18,068. High school graduates earn $31,123. Workers who earned an associate’s degree or attended college earn $32,891. College graduates earn $45,625, while recipients of professional/graduate degrees make $45,682.

In total, women earn 35 percent of men’s wages, while the analogous U.S. figure is 72 percent. Only women with graduate degrees approach the national median. Emery County women with no high school diploma earn 34 percent, 41 percent for high school graduates and 28 percent for women with associate’s degrees. Women with bachelor’s degrees earn 49 percent of the male counterparts’ income.

The effects of mining employment are apparent in the income by gender statistics. Emery County workers make 94 percent of the U.S. aggregate median. Workers with less than a high school education earn 91 percent of the aggregate median. Men earn a 123 percent of the U.S. median for men, while women earn 62 percent of the U.S. median for women. Emery County high school graduates earn 112 percent of the U.S. median for both sexes. Men earn 127 percent of the U.S. median for men, while women earn only 78 percent of their respective median. Emery County residents who hold an associate’s degree or have attended college make 97 percent of the U.S. median. Men earn 125 percent of the U.S. median for men, while women earn 50 percent of the U.S. median for women. College graduates in Emery County make 90 percent of the U.S. median for both sexes. Men earn 92 percent, while women earn 65 percent. Recipients of graduate degrees earn 68 percent of the U.S. median. Men make 73 percent of the median for men while women make 72 percent their respective median.

Emery County residents differ from the national profile by educational attainment. Almost 48 percent of the population hold an associate’s degree or have attended college. In contrast, only 31 percent of the U.S. population has the same level of attainment. Conversely, only 11 percent of the county labor force holds at least a bachelor’s degree. The analogous figure for the U.S. is 31 percent.


Monday, April 27, 2015

Carbon County Economic Update

Tyson Smith, Regional Economist

The Utah Department of Workforce Services (DWS) relies on several data sources to help describe the state of the economy. The most accurate data available is the nonfarm payroll employment information that is collected through the Quarterly Census of Employment and Wages. However, the resources required to gather data accurately come at the expense of timeliness, which results in a four to six month lag between the time these data are collected and when they are available to the public.

Other data are collected in a timelier manner, and these data (along with historical trends) provide a foundation to estimate current economic conditions. Economists at DWS rely heavily upon statistical models, surveys, and limited datasets to evaluate the economy in real-time. Some of those tools, like the county unemployment rates and initial weekly unemployment claims, are highlighted in this article.

The truth is that no single source of economic data exists that can appropriately profile the labor market in real-time. So, when evaluating regional economies it is important to understand the recent economic history of the area, while also using any up-to-date information available despite the limitations of present data.

Emery County Economic Update

Tyson Smith, Regional Economist

The Utah Department of Workforce Services (DWS) relies on several data sources to help describe the state of the economy. The most accurate data available is the nonfarm payroll employment information that is collected through the Quarterly Census of Employment and Wages. However, the resources required to gather data accurately come at the expense of timeliness, which results in a four to six month lag between the time these data are collected and when they are available to the public.

Other data are collected in a timelier manner, and these data (along with historical trends) provide a foundation to estimate current economic conditions. Economists at DWS rely heavily upon statistical models, surveys, and limited datasets to evaluate the economy in real-time. Some of those tools, like the county unemployment rates and initial weekly unemployment claims, are highlighted in this article.

The truth is that no single source of economic data exists that can appropriately profile the labor market in real-time. So, when evaluating regional economies it is important to understand the recent economic history of the area, while also using any up-to-date information available despite the limitations of present data.

Tuesday, February 10, 2015

Carbon County Economic Update

Regional payroll employment shrinks slightly in the third quarter

Tyson Smith, Regional Economist

Broad-based economic growth does not always portend positive economic conditions in every community. Utah has seen significant labor market expansion over the last four years, growing at an annual rate of about 3 percent since 2011. And yet, economic recovery in the Castle Country region has been less than consistent.

Carbon and Emery counties – which make up Castle Country – have seen changes to the energy sector greatly impact the primary export industry (mining/quarrying/oil and gas extraction) of the region. Export industries generate new income and investment in a region, thus a dramatic change to a local economy’s exports will reverberate throughout the economy.

Carbon County
  • Carbon County payroll employment fell in the third quarter of 2014 by an average annual rate of 2.2 percent, the fifth slowest year-over job growth in the state and far slower than the Utah average of 2.8 percent. In total, the county lost 196 jobs from third quarter 2013. Job losses in the mining industry subsided to a rate of 0.4 percent in the third quarter after falling 2.6 percent the previous period. The majority of the decrease in employment came from service-providing industries like wholesale trade (down 25.6 percent) and transportation/warehousing (down 23.1 percent).
  • The county seasonally adjusted unemployment rate remained at 4.7 percent in December, 1.2 percentage points above the state average. County unemployment rates are down nearly 1 percentage point from December 2013, and have consistently measured between 4.6 and 4.9 percent since March. 
  • Initial unemployment insurance claims from January 2015 suggest that county unemployment rates will remain relatively low. The five-week average of initial claims in 2015 was approximately 19 claims per week, compared to 21 claims per week during the same period in 2014. 
  • While employment in Carbon County waned over the last 12 months, average monthly wages increased 2.5 percent from third quarter 2013 to third quarter 2014. The increase in average wages likely reflects that the jobs lost during the year were lower paying than the jobs retained, which has a skewing effect on the average. The increase in wages probably does not reflect a tightening of the job market, which might result in an increase in wages across the board.
  • Third-quarter taxable sales in Carbon County jumped nearly 10 percent, an increase of $9.7 million from last year. Business investment sales in manufacturing surged by $9.2 million (216.7 percent) from third quarter 2013, the largest annual increase in the county. These gains were slightly offset by a $2.5 million decline in the taxable sales of wholesale durable goods.
  

Emery County Economic Update

Regional payroll employment shrinks slightly in the third quarter

Tyson Smith, Regional Economist

Broad-based economic growth does not always portend positive economic conditions in every community. Utah has seen significant labor market expansion over the last four years, growing at an annual rate of about 3 percent since 2011. And yet, economic recovery in the Castle Country
region has been less than consistent.

Carbon and Emery counties – which make up Castle Country – have seen changes to the energy sector greatly impact the primary export industry (mining/quarrying/oil and gas extraction) of the region. Export industries generate new income and investment in a region, thus a dramatic change to a local economy’s exports will reverberate throughout the economy.

Emery County
  • Year-over payroll employment in Emery County shrank 3.5 percent in the third quarter of 2014 after growing 2.5 percent in the second quarter. The decline was driven by the goods-producing industries, which fell 13.9 percent (123 jobs). Mining was hit particularly hard, losing an annual average of 105 jobs from the third quarter of 2013. Private-sector, service-providing employment grew slightly during this period, adding 27 jobs over the year.
  • Like Carbon County, Emery County had a relatively high seasonally-adjusted unemployment rate of 4.6 percent in December. Job growth in 2014 has been uneven, and with the impending closure of the Deer Creek coal mine it is unlikely that the jobless rate will reach pre-recession lows in the near future. 
  • The number of Emery County residents filing initial unemployment claims has been a bright spot for the county. Average weekly claims fell approximately 40 percent in the fourth quarter of 2014, and have continued their downward trend at the beginning of 2015. Falling claims signal that it is doubtful that unemployment rates will increase in January.
  • Average monthly wage growth in the third quarter of 2014 reflected the weak employment record; decreasing 0.1 percent from 2013. Carbon County’s wages grew 19.5 percent in the previous quarter, which underscores the variability of quarterly wage data. Wages in Emery County will not consistently have broad-based gains, so long as there remains considerable slack in labor market.
  • Third quarter 2014 taxable sales in Emery increased for the fifth consecutive quarter. After increasing by over 15 percent in the first two quarter of 2014, taxable sales in the county edged up less than 1 percent in the third quarter. The manufacturing industry – the third largest industry by taxable sales – increased its business investment sales by $911,000 from the previous year.
  

Monday, November 24, 2014

Emery County Economic Indicators

Despite the positive momentum across the state, the Castle Country and Southeast regions have scuffled to recover from the recession. Both regions felt the effects of the downturn in 2009, when the labor markets shed 202 and 283 jobs from the previous year, respectively. 2010 turned out to be the best year for the labor market in Castle Country since the recovery began. The Southeast region turned the corner in 2010 and has had uneven job growth since, though the first half of 2014 has shown signs of greater expansion. Some of the issues facing these economies are cyclical; while other challenges – like those facing the mining industry – are longer-term structural shifts in the economy.
  • Year-over payroll employment in Emery County grew 2.5 percent in the second quarter of 2014. Growth was driven by the goods-producing industries, which increased 9.7 percent (87 jobs). However, construction and mining employment went in separate directions. Employment in the construction industry jumped 54.7 percent – likely the result of a single project, and not a long-term change – while mining employment fell 23.6 percent.
  • Like Carbon County, Emery County had a relatively high seasonally-adjusted unemployment rate of 4.8 percent in September. 2014 job growth has been uneven, and without consistent growth it is unlikely that the jobless rate will reach pre-recession lows in the near future.
  • Average monthly wage growth in the second quarter of 2014 reflected employment growth; increasing 19.5 percent from 2013 (the largest increase in the state). Carbon County’s wage growth was broad-based increasing in 9 of the 10 industry groups. However, a single project in the construction industry inflated average monthly wages dramatically.
  • Second quarter 2014 taxable sales in Emery increased for the fourth consecutive quarter. Quarterly taxable sales in the county were just under $38 million, compared to $32.7 million in second quarter 2013. The utilities and information industries – the largest and fourth largest industries by total sales – gained $2.4 million combined.

Carbon County Economic Indicators

Despite the positive momentum across the state, the Castle Country and Southeast regions have scuffled to recover from the recession. Both regions felt the effects of the downturn in 2009, when the labor markets shed 202 and 283 jobs from the previous year, respectively. 2010 turned out to be the best year for the labor market in Castle Country since the recovery began. The Southeast region turned the corner in 2010 and has had uneven job growth since, though the first half of 2014 has shown signs of greater expansion. Some of the issues facing these economies are cyclical; while other challenges – like those facing the mining industry – are longer-term structural shifts in the economy.
  • Carbon County payroll job growth in the second quarter of 2014 fell to an annual rate of negative 2.0 percent, the fourth slowest year-over job growth in the state and 4.8 percentage points slower than the Utah average. In total, the region lost 178 jobs from second quarter 2013. Employment in the mining industry fell 2.6 percent, but has stabilized somewhat over the last 18 months.
  • The county seasonally-adjusted unemployment rate remained at 4.7 percent in September, 1.2 percentage points above the state average. County unemployment rates are down 1.0 percentage point from September 2013, and have consistently been at this level for seven months now.
  • While employment in Carbon County waned over the last 12 months, average monthly wages increased 3.0 percent from second quarter 2013 to second quarter 2014. It appears that the jobs lost in several key industries – trade/transportation/utilities, mining, and professional/business services – were lower paying jobs, because these industries all experienced year-over increases to average monthly wages.
  • Second-quarter taxable sales in Carbon County stayed relatively unchanged from 2013 to 2014, falling 0.3 percent during the year. Sales in general merchandise retail stores increased by approximately $1.1 million (6.6 percent) from second quarter 2013, the largest annual increase in the county. But, these gains were offset by year-over taxable sales declines in wholesale trade of durable goods.

Thursday, September 4, 2014

Long-Term Employment Projections

The long-term employment projections have been updated for the time period of 2012 to 2022. Projections are produced for the state of Utah as well as for eight sub-state areas. The areas are determined by population and job density and are not created equal. But rather, types of jobs are determined by the nature of the local area’s economy. Short-term projections for 2012 to 2014 are also provided for statewide.

The value in providing these projections is to help identify which types of jobs are most likely to be in high demand in the future. Ultimately, the long-term employment projections act as a forecasting measure by which individuals as well as organizations and agencies can plan ahead.

See the latest long-term projections produced by DWS for the Eastern Utah area.

Friday, August 29, 2014

A Story of Wage Data

The Wages and Income page has a new look to the wage data that is gathered by the Workforce Research and Analysis division. Along with visualization of the data, you can now read story points at the top of each graph, to help understand what the data is showing you along with highlighting its insights. Just click along the story points at the top of the visualization to follow the story of wages.




Friday, February 28, 2014

Tuesday, October 8, 2013

Eastern Region Initial Weekly Unemployment Insurance Claims

A full 13 weeks of third-quarter initial weekly unemployment insurance (UI) claims data have come in for Utah’s eastern counties – Duchesne, Carbon, Emery, Grand, San Juan and Uintah. Initial weekly UI claims for Daggett County were not provided because of its relatively small workforce. The third-quarter weekly average of county UI claims are provided for each year from 2007 to 2013.