COWIB Board Meeting December 2018
Local Conditions Job Growth Online Job Postings Unemployment Wage Growth Sales Tax Collections Population Growth Project Pipeline
2018 Greater Oklahoma City Partnership Economic Development Outcomes 11 recruitment project wins year-to-date 111 local companies projecting expansion 21 site visits by potential new companies Totals: 7,378 new jobs projected in region (3,922 recruitment jobs, 3,456 expansion jobs) $349 million in payroll $495 million in new capital investment
RECENT ANNOUNCEMENTS 11 project announcements 2018 Heartland Payment Systems (Project Nova) New headquarters facility on Automobile Alley bringing 345 new jobs to OKC Rural Sourcing, Inc. (Project 56) Third-party technology company bringing 150 software/it jobs to Bricktown Amazon Fulfillment Center 600,000 SF adding 1,750 jobs based in Cleveland County by Will Rogers Airport Other Announcements or expansions over 100 jobs: Del Real Foods, Booz Allen Hamilton, Halliburton, SYNQ3, American Fidelity, Dell, TriCorps
REGIONAL PROJECT PIPELINE 74 Active Projects 18,087 16 MILLION $4.5 BILLION $504 Note: Not all projects provide the key pieces of information listed above.
Central Oklahoma Workforce Development Area Characteristics Population of 1.4 million in 9-county region By 2030, will add another 240,000 people 1.3% expected annual pop growth rate is nearly double that of the nation
Central Oklahoma Workforce Development Area Characteristics Labor force of 692,900 $74 billion GDP Average commute time within region of 22 Minutes
Metro Area Trends in Oklahoma
73.0% Metro Share of Economic Activity Continues to Increase (OKC MSA and Tulsa MSA as Percent of State GDP, Personal Income & Population) 71.0% 70.8% 69.0% 67.4% 67.0% 66.1% 65.0% 63.0% 62.8% 61.0% 60.2% 59.0% 57.0% 55.0% 57.0% 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 GDP Share Personal Income Share Population Share
Oct-13 Dec-13 Feb-14 Apr-14 Jun-14 Aug-14 Oct-14 Dec-14 Feb-15 Apr-15 Jun-15 Aug-15 Oct-15 Dec-15 Feb-16 Apr-16 Jun-16 Aug-16 Oct-16 Dec-16 Feb-17 Apr-17 Jun-17 Aug-17 Oct-17 Dec-17 Feb-18 Apr-18 Jun-18 Aug-18 Oct-18 5-YEAR UNEMPLOYMENT RATE 8.0% Central Oklahoma Workforce Area (2.9%) Oklahoma (3%) United States (3.6%) 7.0% 6.0% 5.0% 4.0% 3.0% 2.0% 1.0% Everything is trending toward the nation around 3-4% 0.0%
Commuter Data Source: LEHD OnTheMap; OklahomaWorks
Educational Attainment by Education Level Central Oklahoma Workforce Development Area compared with the state and nation Central Oklahoma Workforce Development Area Oklahoma United States 31% 26% 26% 25% 24% 22% 20% 20% 17% 12% 12% 12% 8% 8% 9% 10% 8% 12% NO HIGH SCHOOL DIPLOMA HIGH SCHOOL GRADUATE SOME COLLEGE, NO DEGREE ASSOCIATE'S DEGREE BACHELOR'S DEGREE POSTGRADUATE DEGREE Source: ACS 2012-2016; JobsEQ
Top 10 Largest Industries Central Oklahoma Workforce Development Area NAICS Industry Sector 2018 Jobs % of All Jobs 90 Government 135,734 20% 62 Health Care and Social Assistance 80,820 12% 44 Retail Trade 70,138 10% 72 Accommodation and Food Services 65,369 9% 56 Administrative & Support & Waste Management 44,612 6% 54 Professional, Scientific, and Technical Services 38,904 6% 23 Construction 36,938 5% 31 Manufacturing 36,147 5% 81 Other Services (except Public Administration) 34,969 5% 52 Finance and Insurance 26,783 4% Source: EMSI, 2018.4 Complete Employment (QCEW+Non-QCEW+Self-Employed; COWIB 9 County Area
Industry Diversity By County Rank among all 3,095 counties in U.S. Source: EMSI, 2018.4
NAICS Top 10 Fastest Growing Industries Central Oklahoma Workforce Development Area Industry 2013 Jobs 2018 Jobs 2013-2018 Change 2013-2018 % Change 48 Transportation and Warehousing 14,269 20,635 6,366 45% 55 Management of Companies and Enterprises 7,146 9,762 2,616 37% 71 Arts, Entertainment, and Recreation 8,736 10,512 1,776 20% 72 Accommodation and Food Services 58,470 65,369 6,899 12% 54 Professional, Scientific, and Technical Services 35,163 38,904 3,741 11% 81 Other Services (except Public Administration) 32,754 34,969 2,215 7% 62 Health Care and Social Assistance 75,755 80,820 5,065 7% 52 Finance and Insurance 25,195 26,783 1,588 6% 11 Agriculture, Forestry, Fishing and Hunting 1,750 1,851 101 6% 61 Educational Services 11,902 12,332 430 4% Source: EMSI, 2018.4 Complete Employment (QCEW+Non-QCEW+Self-Employed; COWIB 9 County Area
Fastest Growing Occupations - COWIB 2013-2018 % Change Aircraft Structure & System Assemblers (+64%) Gaming Managers (+63%) Wind Turbine Service Technicians (+63%) Cargo & Freight Agents (+52%) Ophthalmic Medical Technicians (+50%) Source: EMSI, 2018.4 Complete Employment (QCEW+Non-QCEW+Self-Employed; COWIB 9 County Area
The 10 Best Jobs For the Future in U.S. (fields requiring college degree, expected to expand over the next decade and high earning capacity) Total # of Jobs Projected Job Growth (10 Years) Median Annual Salary Physician Assistant 103,422 28.80% $98,869 Nurse Practitioner 145,331 32.30% $98,288 App Developer 798,233 21.60% $97,483 Health Services Manager 337,863 17.40% $93,294 Personal Financial Advisor 251,715 23.80% $86,780 Computer Systems Analyst 597,812 22.00% $85,080 Physical Therapist 226,661 30.40% $83,501 Speech Language Pathologist 142,715 21.00% $73,334 Dental Hygienist 207,223 19.00% $73,141 Market Research Analyst 557,031 20.90% $61,816 Source: Emsi and Kiplinger, 2016-2026 estimates; United States
The 10 Best Jobs That Don t Require A College Degree in the U.S. (fields expected to expand over the next decade and high earning capacity) Total # of Jobs Projected Job Growth (10 Years) Median Annual Salary Elevator Installer 21,869 16.7% $80,870 Commercial Pilot 43,715 14.8% $75,744 Electrical Power-Line Installer 117,239 16.1% $66,213 Office Support Supervisor 1,500,000 11.7% $52,602 Industrial Machinery Mechanic 334,394 19.2% $49,537 Computer User Support Specialist 670,401 16.4% $48,685 Surgical Technologist 105,440 16.2% $45,064 Licensed Practical Nurse 735,280 17.6% $43,201 Self-Enrichment Education Teachers 391,624 18.4% $36,872 Dental Assistant 338,261 19.6% $36,788 Source: Emsi and Kiplinger, 2016-2026 estimates; United States
Hot Jobs in Central Oklahoma Area (regardless of education) Over the past 3 months, the most active job postings were for: Truck Drivers & CDL Drivers Registered Nurses Retail Associates Source: Emsi Job Analytics, Sep-Nov 2018; Central Oklahoma Workforce Development Area
Hot Jobs in Central Oklahoma Area (requiring a college degree) Over the past 3 months, the most active job postings were for: Registered Nurses English Teachers Software Engineers Sales Managers Sales Representatives Source: Emsi Job Analytics, Sep-Nov 2018; Central Oklahoma Workforce Development Area
Hot Jobs in Central Oklahoma Area (Only High School Diploma) Over the past 3 months, the most active job postings were for: Retail Sales Associates Customer Service Representative Sales Manager Maintenance Mechanics Source: Emsi Job Analytics, Aug- Oct 2018; Payne County
Data tools Greater Oklahoma City Development Update
Select Research Tools OKCEDIS.com LocateOK.com PolicyMap.com OESC Employer Locator ReferenceUSA (free through Metro Library) Journal Record Book of Lists (free through local library) OnTheMap (commuting patterns)
OKCEDIS.com
LocateOK.com
PolicyMap.com 37,000 indicators from 150 sources All mapped
Oklahoma Employer Locator (Oklahoma Employment Securities Commission) http://www.oesc.state.ok.us/lmi/employerlocator/
ReferenceUSA Available through the OKC Metropolitan Library
THANK YOU Eric Long Research Economist ELong@okcchamber.com VeloCityOKC.com