WFD Overview May 2016

May 2, 2016

Workforce Development Overview

Taney County, Missouri

DEMOGRAPHIC PROFILE .......................................................................................................................................................... 2 EMPLOYMENT TRENDS ............................................................................................................................................................ 4 UNEMPLOYMENT RATE ........................................................................................................................................................... 4

Demographic Profile In 2014, the population in Taney County, Missouri was 54,592. Between 2004 and 2014, the region’s population grew at an annual average rate of 2.0%.

The region has a civilian labor force of 25,532 with a participation rate of 59.7%. Of individuals 25 to 64 in Taney County, Missouri, 17.9% have a bachelor’s degree or higher which compares with 30.9% in the nation.

The median household income in Taney County, Missouri is $37,249 and the median house value is $124,400.

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Demographic Profile Percent

Taney County, Missouri

Missouri

Value Taney County, Missouri

USA

Missouri

USA

Demographics

Population2 2

Population Annual Average Growth Median Age3

54,592

6,083,672 321,418,820

—

—

—

2.0%

0.5%

0.8%

996

29,337

2,590,222

37.9

37.2

—

—

—

40.7

Under 18 Years

22.1%

23.8%

24.0%

11,427

1,425,436

74,181,467

18 to 24 Years

9.8%

9.8%

9.9%

5,065

589,264

30,672,088

25 to 34 Years

11.5%

12.9%

13.3%

5,960

775,467

41,063,948

35 to 44 Years

11.9%

12.5%

13.3%

6,156

748,616

41,070,606

45 to 54 Years

13.7%

14.8%

14.6%

7,105

888,572

45,006,716

55 to 64 Years

13.2%

12.1%

11.8%

6,812

723,278

36,482,729

65 to 74 Years

10.6%

7.5%

7.0%

5,499

450,490

21,713,429

7.1%

6.5%

6.0%

3,651

387,804

18,554,555

93.6%

82.8%

72.4%

48,375

Race: Black or African American

0.9%

11.6%

12.6%

449

693,391

38,929,319

Race: American Indian and Alaska Native

0.8%

0.5%

0.9%

410

27,376

2,932,248

Race: Asian

0.7%

1.6%

4.8%

337

98,083

14,674,252

Race: Native Hawaiian and Other Pacific Islander

0.1%

0.1%

0.2%

46

6,261

540,013

Race: Some Other Race

1.8%

1.3%

6.2%

929

80,457

19,107,368

Race: Two or More Races

2.2%

2.1%

2.9%

1,129

124,589

9,009,073

Hispanic or Latino (of any race)

4.8%

3.5%

16.3%

2,494

212,470

50,477,594

59.7%

63.5%

63.5%

25,532

0.1%

0.4%

0.4%

41

19,994

1,025,497

75 Years, and Over Race: White

4,958,770 223,553,265

Economic

Labor Force Participation Rate and Size (civilian population 16 years and over)4 Armed Forces Labor Force4 4

Veterans, Age 18-­‐64

3,034,525 157,940,014

8.0%

7.0%

5.8%

2,520

258,543

11,371,344

3,4

—

—

—

$37,249

$47,764

$53,482

4

20.2%

15.6%

15.6%

10,366

912,291

47,755,606

23.1

25.7

40,785

7,157,671

Median Household Income Poverty Level (of all people) Mean Commute Time (minutes)4 4

Commute via Public Transportation

—

—

—

19.8

1.0%

1.5%

5.1%

216

Source: JobsEQ®, http://www.chmuraecon.com/jobseq Copyright ©2016 Chmura Economics & Analytics, All Rights Reserved.

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1

Demographic Profile Percent

Taney County, Missouri

Union Membership5

Missouri

5.4%

Value Taney County, Missouri

USA

Missouri

USA

8.5%

11.1%

—

—

—

Educational Attainment, Age 25-­‐64

No High School Diploma4

13.2%

9.9%

12.0%

3,467

312,929

19,939,890

High School Graduate4

35.2%

29.4%

26.5%

9,245

923,867

44,000,387

26.9%

23.6%

21.9%

7,078

743,790

36,270,359

6.8%

8.2%

8.7%

1,775

258,640

14,487,486

13.5%

18.4%

19.7%

3,539

579,945

32,646,533

4.5%

10.4%

11.2%

1,177

327,207

18,533,513

—

—

—

29,827

4

Some College, No Degree 4

Associate's Degree 4

Bachelor's Degree 4

Postgraduate Degree Housing

Total Housing Units4 3,4

Median House Value (of owner-­‐occupied units)

2,723,417 132,741,033

—

—

—

$124,400

$136,700

$175,700

4.0%

2.3%

2.1%

524

38,236

1,591,421

8.7%

7.3%

6.9%

761

60,133

3,105,361

Renter-­‐Occupied Housing Units (% of Occupied Units)

38.6%

32.1%

35.6%

7,973

756,950

41,423,632

Occupied Housing Units with No Vehicle Available (% of Occupied Units)4

4.3%

7.4%

9.1%

878

173,776

10,594,153

1.2%

1.3%

1.4%

649

77,688

4,443,768

15.8%

12.4%

10.2%

4,963

454,126

19,703,061

Foreign Born

3.5%

3.9%

13.1%

1,884

235,995

41,056,885

Speak English Less Than Very Well (population 5 yrs and over)4

2.5%

2.2%

8.6%

1,241

126,737

25,305,202

Homeowner Vacancy4 Rental Vacancy4 4

Social

Enrolled in Grade 12 (% of total population)4 4

Disabled, Age 18-­‐64 4

Source: JobsEQ® 1. Census 2010, unless noted otherwise 2. Census 2015, annual average growth rate since 2005 3. Median values for certain aggregate regions (such as MSAs) may be estimated as the weighted averages of the median values from the composing counties.

4. ACS 2010-­2014 5. 2014;; Current Population Survey, unionstats.com, and Chmura;; county-­ and zip-­level data are best estimates based upon industry-­, MSA-­, and state-­level data

Source: JobsEQ®, http://www.chmuraecon.com/jobseq Copyright ©2016 Chmura Economics & Analytics, All Rights Reserved.

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Employment Trends As of 2015Q4, total employment for Taney County, Missouri was 30,940 (based on a four-­quarter moving average).

Over the year ending 2015Q4, employment increased 2.2% in the region.

Employment data are derived from the Quarterly Census of Employment and Wages, provided by the Bureau of Labor Statistics and imputed where necessary. Data are updated through 2015Q2 with preliminary estimates updated to 2015Q4.

Unemployment Rate The seasonally adjusted unemployment rate for Taney County, Missouri was 3.1% as of March 2016. The regional unemployment rate was lower than the national rate of 4.8%. One year earlier, in March 2015, the unemployment rate in Taney County, Missouri was 6.7%.

Unemployment rate data are from the Local Area Unemployment Statistics, provided by the Bureau of Labor Statistics and updated through March 2016.

Source: JobsEQ®, http://www.chmuraecon.com/jobseq Copyright ©2016 Chmura Economics & Analytics, All Rights Reserved.

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