CITY OF IRVING, TX
FIGURE 26. CONCENTRATION OF EMPLOYMENT BY INDUSTRY, 2014 LOCATION QUOTIENT (LQ) ANALYSIS BY MAJOR INDUSTRY SECTOR, US=1.00 Location quotient (LQ) analysis can provide an understanding of an area’s relative strengths. A review of LQs reveals a number of differences between Irving and the surrounding regional, state, and national economy. Employment levels are much higher in Irving than in the Dallas-Fort Worth MSA for the following sectors: information (LQ of 3.41); finance & insurance (2.92); administrative & support services (2.36); corporate & regional offices (1.91); and professional services (1.88). Irving has lower concentrations of employment than the MSA in the following sectors: retail trade (0.63); arts, entertainment, & recreation (0.47); manufacturing (0.43); and healthcare & social assistance (0.43).
N AICS Code & Description
Irving
LOCATION QUOTIENT (LQ) ANALYSIS is a statistical technique used to suggest areas of relative advantage based on a region’s employment base. LQs are calculated as an industry’s share of total local employment divided by the same industry’s share of employment at the national level. If the local industry and national industry are perfectly proportional, the LQ will be 1.00. LQs greater than 1.25 are presumed to indicate a comparative advantage; those below 0.75 suggest an under-developed sector but may also point to opportunities for expansion/attraction.
Da lla s-Fort W orth M SA
Tex a s
US
51
Information
3 .4 1
1 .2 6
0.89
1.00
52
Finance & insurance
2 .9 2
1 .5 1
1.07
1.00
56
Administrative & support services
2 .3 6
1 .3 4
1.06
1.00
55
Corporate & regional offices
1 .9 1
0.73
0.51
1.00
54
Professional services
1 .8 8
1.11
0.97
1.00
42
W holesale trade
1 .7 8
1 .3 5
1.18
1.00
53
Property sales & leasing
1 .5 3
1 .2 7
1.11
1.00
22 Utilities 48-49 Transportation & warehousing 23 Construction
1.06
0.74
1.08
1.00
1.02
1 .3 5
1.11
1.00
0.91
1.13
1 .2 7
1.00
72
Lodging, restaurants, & bars
0.81
1.00
1.02
1.00
81
Personal & other services
0.74
1.05
1.01
1.00
61
Educational services (private)
0.67
0.91
1.04
1.00
Mining (incl. oil & gas) 44-45 Retail trade 71 Arts, entertainment, & recreation
0.67
1 .6 7
4 .3 6
1.00
0.63
0.95
0.99
1.00
0.47
0.87
0.70
1.00
31-33 Manufacturing 62 Healthcare & social assistance
0.43
0.93
0.87
1.00
0.43
0.79
0.88
1.00
9011 Federal govt., civilian 9012 Federal govt., military 11 Agriculture & forestry
0.37
0.62
0.83
1.00
0.19
0.36
1.05
1.00
0.01
0.15
0.65
1.00
21
903
Local govt. (incl. pub. ed. & hospitals)
0.01
0.73
0.81
1.00
902
State govt. (incl. higher ed./ hospitals)
0.00
0.26
0.77
1.00
Source: EMSI, 2014.4 – QCEW Employees, Non-QCEW Employees, and Self-Employed.
ECONOMIC DEVELOPMENT STRATEGIC PLAN
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