Old School Flash Survey What Kind of Year was last year for Your Organization? Great Good Not a Year Year Good Year
-200 -100 100 200 300 400 500 600 0 2010-Jan March May July Sept Nov 2011-Jan March May July USA Nonfarm Payroll Employment Sept Nov 2012-Jan March May July Sept Nov 2013-Jan March May July Sept Nov 2014-Jan 2010, the Longest Continuous Private Job Growth in Our History 111 Straight Months of Employment Growth-Since September March May July Sept Nov 2015-Jan March May July Sept Nov 2016-Jan March May July Sept Nov 2017-Jan March May Source: US Bureau of Labor Statistics July Sept Nov 2018 -Jan March May July Sept Nov 2019-Jan March May July Sept November
% Job Growth By State Rankings Neighbor’s Rank North Carolina Rank 13 13 14 1 Year 5 Year 10 Year 12 SC 4 9 11 12 10 TN 15 14 19 8 VA 19 21 27 6 4 GA 11 10 18 2 0 FL 8 4 26 One Year Five Year Ten Year
% Wage Growth By State Rankings North Carolina Rank Neighbors Rank 20 18 1 Year 5 Year 10 Year 18 SC 50 38 22 16 14 TN 26 22 24 12 10 9 10 VA 33 39 35 8 6 4 GA 41 21 30 2 0 FL 24 20 8 One Year Five Year Ten Year
% GDP Growth By State Rankings North Carolina Rank Neighbors Rank 35 31 1 Year 5 Year 10 Year SC 35 12 18 30 25 TN 11 14 12 20 15 VA 13 34 28 12 15 10 GA 16 8 13 5 FL 5 6 22 0 One Year Five Year Ten Year
Technology Data
Methodology • 87 separate 6-digit NAICS code sectors to characterize the Total Technology Sect or • The Total Technology Sector was further broken down into four sub- categories: • Energy Technology • Environmental Technology • Life Sciences • IT, Telecom, Hardware & Software (Tech Core) • 65 separate 5-digit Standard Occupational Classification (SOC) codes Economic Modeling Specialists International (EMSI), based on the Bureau of Labor Statistics (BLS) Quarterly Census of Employment and Wages
The Difference Between Tech Industry Workers and Tech Occupational Workers 65 separate 5-digit 87 separate 6-digit NAICS (SOC) codes
Tech Industry in North Carolina - 2018 Percentage of Total North Carolina Economy Employees Establishments Wages 266,567 20,074 $29,729,000 7.2% 6.0% 11.7%
5- Year Growth Rates for North Carolina’s Total Tech Sector, 2013-2018 25% 20.8% 20.5% 20% 17.4% 17.2% North Carolina 15% 13.8% 10% 7.1% 11.0% 8.3% 8.9% 7.7% 5% 6.7% United States 2.2% 0% 2008-2013 2009-2014 2010-2015 2011-2016 2012-2017 2013-2018
Total Tech Sector Growth Rate 2018 6.0% 4.9% 5.0% 4.0% 3.2% 3.0% 2.0% 1.0% 0.0% North Carolina United States
North Carolina Total Tech Establishments, 2013-2018 3,674 Net New Tech Establishments Over the Past 6 Years 20,074 19,371 18,870 18,220 17,230 16,400 2013 2014 2015 2016 2017 2018
Makeup of Tech Industry Percentage of Total North Carolina Tech Sector IT Energy Tech Environmental Tech Life Sciences 13,732 24,038 141,965 86,832 53% 33% 5% 9%
North Carolina’s Technology Industry by Sub -Categories 2018 Employment Change Change Establishments Tech Category 2018 2017-2018 2013-2018 2018 Energy Tech 13,732 4.0% 14.6% 472 Environmental 24,038 3.8% 16.8% 1,561 Tech Life Sciences 86,832 8.0% 20.9% 4,841 IT 141,965 3.3% 22.0% 13,200
North Carolina’s Technology Industry by Sub -Categories 2018 Employment Change Change Establishments Tech Category 2018 2017-2018 2013-2018 2018 Energy Tech 13,732 4.0% 14.6% 472 Environmental 24,038 3.8% 16.8% 1,561 Tech Life Sciences 86,832 8.0% 20.9% 4,841 IT 141,965 3.3% 22.0% 13,200
North Carolina Tech Sub-Sector 5-Year Growth Trends 28.4% 30% IT 25% 22.0% 22.0% 21.1% 25.5% Life Sciences 20.0% 20.9% 20% 21.4% 17.0% 16.8% 17.7% 15.7% Enviro Tech 14.5% 15% 12.3% 14.6% 9.3% Energy Tech 8.8% 10% 12.0% 9.9% 9.6% 8.6% 4.1% 5% 4.4% 0.6% 0% 2008-2013 2009-2014 2010-2015 2011-2016 2012-2017 2013-2018
North Carolina’s Technology Industry by Sub -Categories 2018 Employment, Change, Change Establishments Tech Category 2018 2017-2018 2013-2018 2018 Tech Services 201,397 5.8% 29.0% 19,334 Tech 65,170 2.1% 0.9% 740 Manufacturing Total Tech 266,567 4.9% 20.8% 20,074
Tech Industry Jobs by County in North Carolina
Average Annual Earnings per Worker by Subsector, 2018 North Carolina National Tech Category North Carolina (With Purchasing Average Power) Energy Tech $131,600 $144,200 $149,500 Environmental Tech $99,800 $109,300 $82,200 Life Sciences $114,800 $125,800 $128,900 IT $124,000 $135,900 $145,900
Average Annual Earnings for Tech Sector Employees, 2018 Adjusted for Purchasing Power California Washington Massachusetts Texas United States $136,496 North Dakota Illinois New Jersey Oregon North Carolina $130,602 Virginia Alaska Pennsylvania Colorado Georgia District of Columbia Indiana Oklahoma Delaware Michigan Idaho Louisiana Minnesota Alabama Connecticut New York Maryland Arizona Missouri New Hampshire West Virginia Iowa Tennessee Ohio Wyoming Rhode Island Kansas Wisconsin NC Ranks New Mexico Utah Arkansas Kentucky South Carolina 9 th Florida Nevada Mississippi Vermont Montana Nebraska Maine Hawaii South Dakota $0 $40,000 $80,000 $120,000 $160,000
Total Tech 1-Year Earnings Growth, Inflation and Purchasing Power Adjusted, 2013-2018 6% 5% 3.6% 4% 3.4% 3% 1.9% 1.8% 1.7% 2.7% 2% United States 1.8% 1% 1.2% North Carolina 0% -0.1% -1% -1.3% -2% 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018
Tech Sector Contribution to State Economy, 2018 Direct Impact Direct Impact $29,700M 266,570 Jobs wages 6% 12% Remaining Remaining Economy Economy Indirect & Indirect & 3,518,830 Jobs $194,400M Induced Induced 80% wages Impact Impact 76% 625,400 Jobs $30,000M 14% wages 12% 20% of Jobs 24% of Wages
Long Term Technology Sector Trends (Percentage Change in Employment Post 2001) 150 American South United States North Carolina 125 100 75 2001 2004 2007 2010 2013 2016 2019 2022 2025 2028
Tech Sector Employment Growth, 2013-2018 Nevada Washington 20.8% North Carolina Idaho New Hampshire Florida South Carolina Utah District of Columbia Maine Massachusetts Oregon California New York Arizona Michigan South Dakota Missouri Colorado Georgia Wisconsin Tennessee 8.3% United States Nebraska Maryland Ohio Pennsylvania Minnesota Illinois Indiana Alabama Virginia Iowa New Jersey NC Ranks Texas New Mexico Hawaii Montana Connecticut Rhode Island Mississippi 3 rd Oklahoma Vermont Kentucky Louisiana Kansas Delaware North Dakota Arkansas West Virginia Wyoming Alaska -30% -20% -10% 0% 10% 20% 30% 40% 50%
Tech Sector Employment Growth, 2013-2018 Top 10 Ranked 11 - 40 Ranked 41 - 50
IT Sector Employment Growth, 2013-2018 37.0% Nevada Washington California Utah District of Columbia South Carolina 22.0% North Carolina New Hampshire Idaho New York Maine Colorado Florida Louisiana Missouri Texas Arizona 14.6% United States Nebraska Montana Wisconsin Tennessee Michigan Oregon Georgia Massachusetts Illinois Pennsylvania Maryland Ohio South Dakota Virginia Wyoming Alabama Indiana Minnesota NC Ranks Oklahoma Connecticut New Jersey Hawaii Iowa North Dakota West Virginia 6 th Mississippi Delaware Alaska Vermont Kentucky Rhode Island Kansas New Mexico Arkansas -20% -10% 0% 10% 20% 30% 40% 50%
Expected Tech Sector Employment Growth 2019-2024 Top 10 Ranked 11 - 40 Ranked 41 - 50
Tech Occupations in North Carolina 2018 Total Tech Occupation Jobs 308,070 Median Hourly Wage $38.84 2013-2018 Employment Change 24.5%
Staffing Patterns of Tech Industries & Tech Occupations, 2018 38% of tech occupation jobs Tech Industry Tech Occupation are employed Jobs Jobs in tech industries . 266,570 308,070
Top Four Tech Occupations Software Developers, Business Operation Computer User Computer Systems Applications Specialists Support Specialists Analysts 31,211 30,650 22,697 26,23 1 $32.54 $48.37 $43.37 $23.22 8.5% 7.4% 9.9% 10.1% Employment Growth Rate, 2013-2018 55% 28% 26% 19%
Tech Occupations Growth, 2013-2018 Top 10 Ranked 11 - 40 Ranked 41 - 50
How Competitive Is North Carolina? Winning the Race
Percentage of Women Working in the Tech Industry District of Columbia North Carolina 35.5% Massachusetts Wisconsin New York Missouri South Dakota Georgia Maryland New Jersey Maine Indiana California Minnesota Connecticut Iowa New Hampshire Nebraska Florida South Carolina Tennessee Illinois Virginia Hawaii United States 31.7% Pennsylvania Washington Arizona Kansas Nevada Delaware Oregon NC Ranks Colorado Alabama Rhode Island Vermont Utah Michigan Ohio as the Montana Mississippi Arkansas Kentucky Idaho Texas #1 State New Mexico Oklahoma Alaska Louisiana North Dakota Wyoming West Virginia 0% 10% 20% 30% 40% 50%
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