economic profile: region 10

Economic Profile: Region 10

Uric DufreneSanders Chair in Business

IU Southeast

Outline

• Demographics• Commuting patterns• Employment and labor force• Compensation• Retail sales activity• Historical long term growth• Recent economic performance

DEMOGRAPHICS

Region 10

• Crawford• Clark• Floyd• Harrison• Scott• Washington

Population over TimeNumber

Rank in State

Percent of State Indiana

Yesterday (2000) 262,546 10 4.30% 6,080,485

Today (2009) 282,672 10 4.40% 6,417,276

Tomorrow (2015 projection)

289,059 10 4.40% 6,581,875

Percent Change 2000 to Today

7.70% 2 5.50%

Population Region 10

Source: STATS Indiana

Population by AgeRegion 10

Population Estimates by Age, 2009

Number Rank of 11

Pct Dist. Pct Dist.

in Region in StatePreschool (0 to 4) 18,155 9 6.40% 6.90%

School Age (5 to 17) 48,765 9 17.30% 17.80%

College Age (18 to 24) 22,498 11 8.00% 10.00%

Young Adult (25 to 44) 77,387 9 27.40% 26.30%

Older Adult (45 to 64) 78,609 9 27.80% 26.00%

Seniors (65 and older) 37,101 10 13.10% 12.90%


Race and EthnicityRegion 10

Population Estimates by Race and Hispanic Origin, 2009

Number Rank of 11

Pct Dist. Pct Dist.

in Region in StateAmerican Indian or Alaska Native Alone

695 10 0.20% 0.30%

Asian Alone 1,770 11 0.60% 1.50%Black Alone 12,715 8 4.50% 9.20%Native Hawaiian and Other Pac. Isl. Alone

105 10 0.00% 0.10%

White 263,963 10 93.40% 87.80%Two or More Race Groups 3,267 9 1.20% 1.20%

Hispanic or Latino Origin (can be of any race)

Non-Hispanic 276,019 10 97.70% 94.50%Hispanic 6,496 8 2.30% 5.50%Source: STATS Indiana

Household TypesRegion 10

Household Types

Number Rank of 11

Pct Dist. Pct Dist.

in Region in StateHouseholds in 2009 (includes detail not shown below)

110,606 10 100.00% 100.00%

Married With Children 22,598 11 20.40% 21.20%

Married Without Children 34,727 10 31.40% 29.80%

Single Parents 11,486 10.40% 9.80%

Living Alone 29,357 9 26.50% 27.30%


Income and PovertyRegion 10

Income and PovertyNumber Rank of 11

Percent of State Indiana

Per Capita Personal Income (annual) in 2009

$32,615 4 95.90% $34,022

Welfare (TANF) Monthly Average Families in 2010

1,395 7 4.50% 30,864

Food Stamp Recipients in 2010

35,488 9 4.30% 829,907

Free and Reduced Fee Lunch Recipients in 2009

18,932 9 4.30% 436,945


School EnrollmentsRegion 10

2001 20110

10,000

20,000

30,000

40,000

50,000

60,000

44,385

48,490

2,222 3,149

Total Enrollment Total Private


Clark County Floyd County Harrison County

Jackson County Jefferson County

Jennings County

Orange County Scott County Washington County

0

10

20

30

40

50

60

70

80

90

Education Attainment Rates by SI CountyChange from 1990 to 2000

HS 2000HS 1990BS 2000BS 1990

IN = 82.1 (HS)


IN=19.4% (BS)

COMMUTING PATTERNS

Clark Commuting


Floyd Commuting


Washington Commuting


Harrison Commuting


Crawford Commuting


Scott Commuting


EMPLOYMENT AND LABOR FORCE

Labor Force Distribution2011

5260

55818

37520

19249

10675

13543

CrawfordClarkFloydHarrisonScottWashington

Payrolls by County2010 Q4

46927

1944

28472

11035

6362

5446

ClarkCrawfordFloydHarrisonScottWashington

Region 10 Payrolls

471

4,450

16,608

21,029

701

4,126

7,052

9,279

12,038

3,077

Natural Resources and MiningConstructionManufacturingTrade, Transportation, and Util-itiesInformationFinancial ActivitiesProfessional and Business ServicesEducation and Health ServicesLeisure and HospitalityOther Services

Natural

Resource

s and M

ining

Construction

Manufac

turing

Trade, T

ransp

ortation, an

d Utilities

Informati

on

Finan

cial A

ctivities

Profes

sional a

nd Business

Servi

ces

Educati

on and Heal

th Servi

ces

Leisure

and Hosp

itality

Other Se

rvices

0

0.5

1

1.5

2

2.5

3

3.5

Location QuotientsInfluence of industry in county

relative to nation

FloydHarrisonWashington Crawford Clark

Source: Bureau of Labor Statistics

Non Farm PayrollsRecession Start to Now

Clark Crawford Floyd Harrison Scott Washington0

10000

20000

30000

40000

50000

60000

2007 Q4 2010 Q4


Non Farm Payroll LevelsRegion 10

2001 Q4 2002 Q4 2003 Q4 2004 Q4 2005 Q4 2006 Q4 2007 Q4 2008 Q4 2009 Q4 2010 Q496,000

97,000

98,000

99,000

100,000

101,000

102,000

103,000

104,000

105,000

106,000

5,000 Decline


2001 Q4 2002 Q4 2003 Q4 2004 Q4 2005 Q4 2006 Q4 2007 Q4 2008 Q4 2009 Q4 2010 Q487,000

88,000

89,000

90,000

91,000

92,000

93,000

94,000

95,000

96,000

97,000

Non-farm Payroll LevelsSI Metro Counties

COMPENSATION

Total Compensation

$2,191,225,000

$71,668,000

$1,348,775,000

$454,098,000

$269,937,000

$227,582,000

ClarkCrawfordFloydHarrisonScottWashington


Total Compensation Per Job

Clark Crawford Floyd Harrison Scott Washington$0

$5,000

$10,000

$15,000

$20,000

$25,000

$30,000

$35,000

$40,000

$45,000

$50,000

$43,513

$34,522

$44,019

$39,140 $39,708$38,268


Change in Compensation Per Job

Clark Crawford Floyd Harrison Scott Washington$0

$5,000

$10,000

$15,000

$20,000

$25,000

$30,000

$35,000

$40,000

$45,000

$50,000

$37,246

$32,082

$36,953 $35,356

$33,360 $32,718

$43,513

$34,522

$44,019

$39,140 $39,708 $38,268

20032009


RETAIL SALES ACTIVITY

Retail Sales, Region 10

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010$0

$1,000,000,000

$2,000,000,000

$3,000,000,000

$4,000,000,000

$5,000,000,000

$6,000,000,000

$7,000,000,000

$8,000,000,000


Retail Sales by County

$1,981,754,244

$25,334,522

$1,410,671,477

$395,602,000

$167,392,000 $485,904,000

ClarkCrawfordFloydHarrisonWashingtonScott


Oct-02 Jan-09 Jan-10 May-110

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

Food Stamp RecipientsRegion 10

LONG TERM GROWTH

Shift Share Analysis

• Allows us to determine county performance of specific sectors, relative to the nation and industry.

• Does the area enjoy any local competitive advantage?

Clark Mfg. Clark Fin'l Activities

Clark P.B.S.

Clark Leisure Hosp.

Floyd P.B.S.

Floyd Educ. Health Serv.

Floyd Trans. &

Ware.

Floyd Mfg.

Harrison P.B.S.

Scott Educ. Health Serv.

0

500

1000

1500

2000

2500

Leading Sectors by County1999 to 2009

Relative to national and industry growth

Georgiastats.uga.edu

Did not keep pace by county1999 to 2009

Clark Const.

Clark Educ. Health

Clark Public Admin.

Clark Trade, Trans. Util.

Floyd Public Admin.

Harrison M

fg.

Harrison Leisure H

osp.

Scott P.B.S.

Scott Public Adm

in.

Washington M

fg.

Washington Leisure &

Hosp.

Washington Trade, Trans. U

til.

-1600

-1400

-1200

-1000

-800

-600

-400

-200

0

Georgiastats.uga.edu

RECENT ECONOMIC PERFORMANCE

38718 39083 39448 39814 40179 40544 40664132,000

134,000

136,000

138,000

140,000

142,000

144,000

146,000

148,000

150,000

152,000

Labor ForceRegion 10

38718 39083 39448 39814 40179 40544 40664115,000

120,000

125,000

130,000

135,000

140,000

145,000

EmploymentRegion 10


38718 39083 39448 39814 40179 40544 406640

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

18,000

UnemployedRegion 10


38718 39083 39448 39814 40179 40544 406640

2

4

6

8

10

12

14

Unemployment RateRegion 10


2001 Q4 2002 Q4 2003 Q4 2004 Q4 2005 Q4 2006 Q4 2007 Q4 2008 Q4 2009 Q4 2010 Q487,000

88,000

89,000

90,000

91,000

92,000

93,000

94,000

95,000

96,000

97,000

Non-farm PayrollsSI Metro Counties


2001 Q4 2002 Q4 2003 Q4 2004 Q4 2005 Q4 2006 Q4 2007 Q4 2008 Q4 2009 Q4 2010 Q496,000

97,000

98,000

99,000

100,000

101,000

102,000

103,000

104,000

105,000

106,000

Non Farm PayrollsRegion 10


LOUISVILLE METRO

Unemployment Rates

Louisville Metro PayrollsYear on Year

Payrolls: National and L’ville (blue)Year over year Percent Change

Consumer Confidence and L’ville Employment(red)

Auto SalesPicking Up ?

More cars,More employment for Louisville (red)

Durable Goods Orders

Durable Goods and L’ville Employment (red)

National Manufacturing IndexLouisville Employment (blue)

Thank You

[email protected]

economic profile: region 10

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