Sioux Falls MSA - South Sioux Falls MSA New Hires (3Q 2015 & 3Q 2016) Accommodation & Food Services

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Transcript of Sioux Falls MSA - South Sioux Falls MSA New Hires (3Q 2015 & 3Q 2016) Accommodation & Food Services

  • Beginning of Quarter Employment (3Q 2015 & 3Q 2016)

    Health Care & Social Assistance employed the most workers in the third quarter of 2016.

    The top �ve sectors made up 58.8% of the Sioux Falls MSA worker levels.

    Health Care & Social Assistance, 18.5%

    Retail Trade, 13.7%

    Finance and Insurance, 9.2%

    Manufacturing, 8.7%

    Accommodation & Food Services, 8.7%

    All Other Industries, 41.2%

    Over the year, the Sioux Falls MSA gained almost 2,500 jobs.

    Employment rose in all age groups. The addition of 600-plus workers in the 65-99 age group translated to the highest percentage increase. The much larger workforce in the 25-44 and 45-64 age groups each gained more workers than the eldest group.

    65-99

    45-64

    25-44

    19-24

    14-18

    Employment by Sex & Select Age Groups: Over-the-year Comparisons (3Q 2015 & 3Q 2016) Employment distribution by age

    Over-the-year change in employment by age group

    Employment by Industry (3Q 2016)

    Employment increased by about 1,400 for men and 1,000 for women over the year.

    1.4%1.9%

    Over-the-year Change in Employment by Sex

    Top three sectors by sex

    Health Care & Social Assistance Retail Trade Finance & Insurance

    Retail Trade Manufacturing Construction

    Employment distribution by industry

    Beginning of Quarter Employment: The estimate of the total number of jobs on the �rst day of the reference quarter. Each job a person has is included; therefore, multiple jobholders are counted more than once.

    2015 2016

    147,768

    150,206 1.6%

    Male workers held a slim lead in employment in the third quarter of 2016.

    Employment distrubtion by sex

    3Q 2016

    3Q 2015 50.0%

    49.8%

    50.0%

    50.2%

    employment

    Sioux Falls MSA In order to qualify as a Metropolitan Statistical Area (MSA), an area must have at least one urbanized area with a population of 50,000 or more, plus adjacent territory that has a high degree of social and economic integration with the core as measured by commuting ties. The Sioux Falls MSA consists of Lincoln, McCook, Minnehaha and Turner counties.

    3Q 2015 3Q 2016

    4.3% 12.1%

    44.2%

    34.4%

    5.1%

    4.2% 12.0%

    44.0%

    34.3%

    5.4% 8.6%

    1.4%1.2% 1.0% 1.3%

    !

    !

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    Parker

    Sioux Falls

    Canton

    Salem

    Metro Area Profile

    Numbers may not sum due to rounding.

    Source: QWI Explorer application, U.S. Census Bureau, qwiexplorer.ces.census.gov, December 2017.

    Prepared by the Labor Market Information Center, South Dakota Department of Labor and Regulation, October 2017.

  • 14.9%

    -0.3%

    3.8%

    7.3%

    3.8%

    Sioux Falls

    3Q 2016

    3Q 2015 50.1%

    50.4%

    49.9%

    49.6%

    2015 2016

    23,377

    24,448

    Sioux Falls MSA New Hires (3Q 2015 & 3Q 2016)

    Accommodation & Food Services had the most new hires in the third quarter of 2016.

    The top �ve sectors made up 68.3% of the Sioux Falls MSA new hires.

    Accommodation & Food Services, 22.6%

    Retail Trade, 16.3%

    Health Care and Social Assistance, 11.3%

    Administrative & Support & Waste Mgmt. & Remediation Services, 10.7%

    Construction, 7.4%

    All Other Industries, 31.7%

    The Sioux Falls MSA gained more than 1,000 new hires over the year.

    The eldest group, which made up the smallest share of new hire employment, hit double-digit percentage growth over the year with the addition of more than 80 workers. Excluding the declining 19-24 age group, the other new hire numerical increases ranged from 100 to more than 700.

    4.6%

    65-99

    45-64

    25-44

    19-24

    14-18

    New Hires by Sex & Select Age Groups: Over-the-year Comparisons (3Q 2015 & 3Q 2016) New hire distribution by age

    Over-the-year change in new hires by age group

    New Hires by Industry (3Q 2016)

    New hires increased by more than 400 for men and almost 700 for women over the year.

    Over-the-year change in employment by sex 5.7%

    3.5%

    Top three new hire sectors by sex

    Accommodation & Food Services Health Care & Social Assistance Retail Trade

    Accommodation & Food Services Retail Trade Construction

    New hires distribution by industry

    New Hires: The estimated number of workers who started a new job. More speci�cally, the total hires who worked for an employer in the speci�ed quarter and were not employed by that employer in any of the previous four quarters. New hire activity is heavily a�ected by seasonality and economic in�uences.

    new

    New hires were distributed nearly equally among men and women in the third quarters of 2015 and 2016.

    New hires distrubtion by sex

    new hires Metro Area Profile

    11.8%

    24.6%

    43.0%

    18.1%

    2.5%

    11.7%

    23.5%

    44.1%

    18.0%

    2.7%

    3Q 2015 3Q 2016

    4.6%

    Numbers may not sum due to rounding.

    Source: QWI Explorer application, U.S. Census Bureau, qwiexplorer.ces.census.gov, December 2017.

    Prepared by the Labor Market Information Center, South Dakota Department of Labor and Regulation, December 2017.

  • 112,829

    22,730 14,767Sioux Falls MSA

    Workers in the 45-64 age group earned the most with an average of $4,731 per month in the third quarter of 2016, up 7.4 percent from the third quarter 2015. The more than $300 rise for those in the 45-64 age group was the greatest numerical and percentage increase.

    65-99

    45-64

    25-44

    19-24

    14-18

    Earnings by Sex & Select Age Groups (3Q 2015 & 3Q 2016)

    Earnings: Average monthly earnings of employees with stable jobs (i.e., worked with the same �rm throughout the quarter).

    2015 2016

    $3,716

    $3,973

    Earnings by age group (3Q 2016)

    $750

    $2,004

    $4,113 $4,731

    $2,901

    Men’s monthly average earnings increased by $260; women’s average monthly earnings increased by $253.

    8.5%

    5.8%

    Over-the-year change in earnings by Sex (3Q 2015 & 2016)

    commutingIn�ow and Out�ow of Primary Jobs (2015)

    Note: Overlay arrows do not indicate directionality of worker flow between home and employment locations.

    Employed and Live in Selection Area Employed in Selection Area, Live Outside Live in Selection Area, Employed Outside

    At the beginning of the third quarter in 2015 (most current data available), 88.4 percent of the workers who lived in the Sioux Falls MSA had a primary job in the MSA. The other 11.6 percent lived in the MSA, but worked outside the area. Of those employed in the area, 16.8 percent commuted from outside the MSA.

    Primary jobs: Public and private sector jobs, one per worker. It is the highest paying job for an individual worker.

    In�ow and out�ow counts of primary jobs (2015)

    Over-the-year change in earnings by age group (3Q 2015 & 2016)

    4.1%

    7.1%

    3.0%

    6.8% 7.4%

    In the third quarter of 2016, earnings increased by by more than $250 over the year.

    Workers Living inthe MSA

    127,596

    Workers Employed in the MSA

    135,559

    83.2%

    16.8%

    88.4%

    11.6%

    6.9%

    Numbers may not sum due to rounding.

    Source: QWI Explorer application, U.S. Census Bureau, qwiexplorer.ces.census.gov, December 2017.

    Prepared by the Labor Market Information Center, South Dakota Department of Labor and Regulation, December 2017.

    Sioux FallsSioux Falls MSAMetro Area Profile average monthly earningsEarnings (3Q 2015 & 3Q 2016)