Data Dive: All Things Workforce Mike Carnathan Atlanta Regional - PowerPoint PPT Presentation

Data Dive: All Things “Workforce” Mike Carnathan Atlanta Regional Commission Neighborhood Nexus mcarnathan@atlantaregional.com

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Workforce Composition By Education 258,522, 9% 421,888, 14% Less than High School Who Is Metro 656,885, 22% High School Diploma or GED Atlanta’s Some College or Associate's Degree 746,591, 25% Bachelor's Degree Workforce Graduate Degree 895,702, 30% 3 Source: Burning Glass estimates based on ACS and LAUS

Composition of the Workforce by Race/Ethnicity 53,837 , 2% 169,787 , 6% Asian Who Is Metro Black or African American 940,833 , 31% Atlanta’s Hispanic or Latino White 1,523,961 , 51% Workforce Other 291,172 , 10% 4 Source: Burning Glass estimates based on ACS and LAUS

Workforce Composition by Race/Ethnicity 100% 5.5% 11.1% 14.2% 16.3% 90% 11.8% 27.0% 80% 20.1% 23.7% 20.3% 70% 29.9% 60% 31.1% Who Is Metro 38.1% 50% 27.5% 35.2% Atlanta’s 40% 28.2% 17.4% Workforce 30% 20% 24.6% 34.8% 19.7% 15.1% 20.3% 10% 9.4% 7.3% 6.0% 5.3% 0% Asian Black or African Hispanic or Latino White Other American Less than High School High School Diploma or GED Some College or Associate's Degree Bachelor's Degree Graduate Degree 5 Source: Burning Glass estimates based on ACS and LAUS

It’s About Economic Mobility

It’s About Wages Average Earnings Per Job ($2017) $66,000 $64,000 $62,000 $60,000 $58,000 $56,000 $54,000 $52,000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 US ATL Source: Bureau of Economic Analysis; (CPI from Bureau of Labor Statistics)

It’s About Helping Workers Move Ahead Earnings per Job – Metro Atlanta ($2016) $70,000 $65,000 $60,000 $55,000 $50,000 $45,000 $40,000 Source: Bureau of Economic Analysis; (CPI from Bureau of Labor Statistics)

2019 Regional Economic Snapshot

Metro Atlanta’s GDP Up Nearly 24 Percent Since 2010 (In millions of Chained Dollars $2009) % Change % Change Metro 2010 2011 2012 2013 2014 2015 2016 2017 2010-2017 2016-2017 New York 1,321,890 1,325,612 1,364,249 1,367,355 1,391,584 1,419,450 1,425,635 1,444,484 9.3% 1.3% Los Angeles 754,535 760,055 781,151 796,341 826,980 869,246 880,453 904,899 19.9% 2.8% Chicago 522,484 529,860 545,392 543,675 552,838 566,619 574,603 583,137 11.6% 1.5% Dallas 359,151 372,205 391,231 412,264 431,147 454,716 461,752 479,678 33.6% 3.9% Washington 426,282 432,803 435,144 431,875 434,035 442,788 450,726 460,026 7.9% 2.1% Houston 372,614 385,027 408,515 425,042 436,083 452,353 436,221 436,369 17.1% 0.0% San Francisco 321,982 321,282 337,674 350,305 368,129 389,201 411,340 425,358 32.1% 3.4% Philadelphia 344,835 346,289 352,056 363,869 366,776 375,649 381,747 387,217 12.3% 1.4% Boston 325,699 332,700 340,681 342,477 349,951 365,302 369,243 379,499 16.5% 2.8% Atlanta 269,939 274,623 278,536 288,394 299,830 311,373 324,971 334,488 23.9% 2.9% Seattle 240,771 245,216 256,930 264,336 273,733 286,317 297,254 312,587 29.8% 5.2% Miami 247,557 247,940 254,161 251,020 267,698 281,369 289,602 296,486 19.8% 2.4% San Jose 161,534 172,532 178,727 188,543 202,567 224,908 238,384 256,419 58.7% 7.6% Detroit 196,263 203,896 208,204 209,372 213,422 218,528 222,087 228,069 16.2% 2.7% Minneapolis 195,811 201,599 202,894 206,173 213,028 216,781 221,284 226,152 15.5% 2.2% Phoenix 178,640 182,412 187,477 188,075 193,215 199,361 204,015 210,968 18.1% 3.4% San Diego 173,447 179,174 181,171 186,674 189,042 190,899 197,641 201,986 16.5% 2.2% Denver 151,224 153,031 157,916 159,968 169,525 177,321 179,516 185,942 23.0% 3.6% Baltimore 150,990 154,141 155,582 156,912 158,797 160,112 164,254 165,903 9.9% 1.0% Portland 141,374 148,621 142,586 138,916 141,344 146,689 151,966 156,553 10.7% 3.0% Source: Bureau of Economic Analysis

-8.0 -6.0 -4.0 -2.0 0.0 2.0 4.0 6.0 Jan-00 May-00 Sep-00 Jan-01 Earnings, and Hours Source: Bureau of Labor Statistics, State and Area Employment, May-01 Sep-01 Jan-02 May-02 Sep-02 Jan-03 May-03 Sep-03 Metro Atlanta Outperforming Nation Last 6 Years Jan-04 May-04 Sep-04 Year-Over-Year Percent Change in Total Nonfarm Employment Jan-05 May-05 Sep-05 Jan-06 May-06 Sep-06 Jan-07 May-07 Sep-07 Jan-08 May-08 Sep-08 Atlanta Jan-09 May-09 Sep-09 US Jan-10 May-10 Sep-10 Jan-11 May-11 Sep-11 Jan-12 May-12 Sep-12 Jan-13 May-13 Sep-13 Jan-14 May-14 Sep-14 Jan-15 May-15 Sep-15 Jan-16 May-16 Sep-16 Jan-17 May-17 Sep-17 Jan-18 May-18 Sep-18

Metro Atlanta #6 in job growth, year-over-year Year-Over-Year Percent Change in Nonfarm Employment September 2017 – September 2018 5.0% 4.5% 4.3% 4.0% 3.7% 3.6% 3.5% 3.0% 3.0% 2.7% 2.4% 2.4% 2.5% 2.1% 2.0% 2.0% 2.0% 1.7% 1.7% 1.5% 1.0% 0.6% 0.5% 0.0% Houston Seattle Phoenix Dallas Charlotte Atlanta Denver San Francisco Boston Washington Minneapolis U.S. Chicago DC Source: Bureau of Labor Statistics, State and Area Employment, Earnings, and Hours

Growth in Higher-Paying Sectors Slow, While Lower-Paying Sectors Soar Year-Over-Year Percent Change in Employment, By Super Sector September 2017 - September 2018 Atlanta U.S. 11.0% 9.6% 10.0% 9.1% 9.0% 8.0% 7.0% 6.0% 5.0% 4.4% 4.2% 3.8% 4.0% 3.0% 2.7% 3.0% 2.4% 2.3% 2.0% 1.9% 1.7% 1.6% 2.0% 1.5% 1.4% 1.4% 1.2% 1.0% 1.0% 0.4% 0.0% 0.0% -1.0% -0.5% -0.9% -1.0% -1.3% -2.0% Total Nonfarm Mining & Construction Manufacturing Trade, Information Financial Professional & Education & Leisure & Other Services Government Logging Transportation, Activities Business Health Services Hospitality & Utilities Services Source: Bureau of Labor Statistics, State and Area Employment, Earnings, and Hours

-30.0 -25.0 -20.0 -15.0 -10.0 10.0 15.0 -5.0 0.0 5.0 Jan-07 May-07 Sep-07 Jan-08 Earnings, and Hours Source: Bureau of Labor Statistics, State and Area Employment, May-08 Sep-08 Jan-09 May-09 Sep-09 Jan-10 May-10 Sep-10 Jan-11 Construction May-11 Sep-11 Jan-12 May-12 A Look at Sector-by-Sector Employment Growth Sep-12 Jan-13 May-13 Sep-13 Jan-14 May-14 Sep-14 Jan-15 May-15 Sep-15 Jan-16 May-16 (not seasonally adjusted) Sep-16 Jan-17 May-17 Sep-17 Jan-18 May-18 Sep-18 -20.0 -15.0 -10.0 10.0 -5.0 0.0 5.0 Jan-07 May-07 Sep-07 Jan-08 May-08 Sep-08 Jan-09 May-09 Sep-09 Jan-10 May-10 Sep-10 Jan-11 Manufacturing May-11 Sep-11 Jan-12 May-12 Sep-12 Jan-13 May-13 Sep-13 Jan-14 May-14 Sep-14 Jan-15 May-15 Sep-15 Jan-16 May-16 Sep-16 Jan-17 May-17 Sep-17 Jan-18 May-18 Sep-18

-10.0 -8.0 -6.0 -4.0 -2.0 0.0 2.0 4.0 6.0 Jan-07 May-07 Sep-07 Earnings, and Hours Source: Bureau of Labor Statistics, State and Area Employment, Jan-08 May-08 Sep-08 Jan-09 May-09 Sep-09 Jan-10 May-10 Sep-10 Wholesale Trade Jan-11 May-11 Sep-11 Jan-12 A Look at Sector-by-Sector Employment Growth May-12 Sep-12 Jan-13 May-13 Sep-13 Jan-14 May-14 Sep-14 Jan-15 May-15 Sep-15 Jan-16 (not seasonally adjusted) May-16 Sep-16 Jan-17 May-17 Sep-17 Jan-18 May-18 Sep-18 -10.0 -8.0 -6.0 -4.0 -2.0 0.0 2.0 4.0 6.0 Jan-07 May-07 Sep-07 Jan-08 May-08 Sep-08 Jan-09 May-09 Sep-09 Jan-10 May-10 Sep-10 Jan-11 May-11 Sep-11 Retail Jan-12 May-12 Sep-12 Jan-13 May-13 Sep-13 Jan-14 May-14 Sep-14 Jan-15 May-15 Sep-15 Jan-16 May-16 Sep-16 Jan-17 May-17 Sep-17 Jan-18 May-18 Sep-18

-10.0 10.0 -8.0 -6.0 -4.0 -2.0 0.0 2.0 4.0 6.0 8.0 Jan-07 May-07 Sep-07 Earnings, and Hours Source: Bureau of Labor Statistics, State and Area Employment, Jan-08 May-08 Sep-08 Jan-09 May-09 Sep-09 Jan-10 May-10 Sep-10 Jan-11 Information May-11 Sep-11 Jan-12 A Look at Sector-by-Sector Employment Growth May-12 Sep-12 Jan-13 May-13 Sep-13 Jan-14 May-14 Sep-14 Jan-15 May-15 Sep-15 Jan-16 May-16 (not seasonally adjusted) Sep-16 Jan-17 May-17 Sep-17 Jan-18 May-18 Sep-18 -8.0 -6.0 -4.0 -2.0 0.0 2.0 4.0 6.0 Jan-07 May-07 Sep-07 Jan-08 May-08 Sep-08 Jan-09 May-09 Sep-09 Jan-10 May-10 Sep-10 Financial Services Jan-11 May-11 Sep-11 Jan-12 May-12 Sep-12 Jan-13 May-13 Sep-13 Jan-14 May-14 Sep-14 Jan-15 May-15 Sep-15 Jan-16 May-16 Sep-16 Jan-17 May-17 Sep-17 Jan-18 May-18 Sep-18

-12.0 -10.0 -8.0 -6.0 -4.0 -2.0 0.0 2.0 4.0 6.0 8.0 Jan-07 May-07 Sep-07 Earnings, and Hours Source: Bureau of Labor Statistics, State and Area Employment, Jan-08 May-08 Sep-08 Jan-09 Professional & Business Services May-09 Sep-09 Jan-10 May-10 Sep-10 Jan-11 May-11 Sep-11 Jan-12 May-12 A Look at Sector-by-Sector Employment Growth Sep-12 Jan-13 May-13 Sep-13 Jan-14 May-14 Sep-14 Jan-15 May-15 Sep-15 Jan-16 May-16 (not seasonally adjusted) Sep-16 Jan-17 May-17 Sep-17 Jan-18 May-18 Sep-18 0.0 1.0 2.0 3.0 4.0 5.0 6.0 Jan-07 May-07 Sep-07 Jan-08 May-08 Sep-08 Jan-09 May-09 Sep-09 Education & Health Services Jan-10 May-10 Sep-10 Jan-11 May-11 Sep-11 Jan-12 May-12 Sep-12 Jan-13 May-13 Sep-13 Jan-14 May-14 Sep-14 Jan-15 May-15 Sep-15 Jan-16 May-16 Sep-16 Jan-17 May-17 Sep-17 Jan-18 May-18 Sep-18