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Data SnapShot Series 1.1
May 2015
DATA SNAPSHOT
Boone County
2
Hometown Collaboration Initiative
This report has been produced by the Purdue Center for Regional
Development as a part ...
Table of contents
Introduction
01
Demography
02
Economy
03
Labor Market
04
Purpose
About Boone County
01
introduction
5
Purpose
This document provides information
and data about Boone County that
can be used to guide local decision-
making ...
6
About Boone County
Introduction
section 01
County Background
Established 1830
County
Seat
Lebanon
Area 423 sq. mi.
Neigh...
Population change
Population pyramids
Race
Ethnicity
Educational attainment
Takeaways
02
demograph
y
8
Population change
Components of Population Change, 2000-
2013
Total Change 14,521*
Natural Increase 3,400
International ...
9
7.5%
7.8%
5.3%
6.0%
7.4%
7.5%
4.4%
2.3%
1.2%
6.9%
7.3%
5.0%
6.4%
7.6%
7.6%
4.7%
2.8%
2.1%
9 6 3 0 3 6 9
0-9
10-19
20-29
...
10
White
95%
Other
5%
Black
Asian
Native
Two or More
Races
White
98%
Other
2%
Black
Asian
Native
Two or More
Races
Race
Th...
11
Ethnicity
Hispanics are individuals of any
race whose ancestry is from
Mexico, Puerto Rico, Cuba,
Spain, the Dominican ...
12
No High
School, 7%
High School,
28%
Some
College,
16%
Associate's
Degree, 8%
Bachelor's
Degree or
More, 41%
No High
Sch...
13
Takeaways
The population of Boone County is expected to
grow over the next few years, and if past trends
hold, that inc...
Establishments
Industries
Occupations
Income and poverty
Takeaways
03
economy
15
Establishments
Components of Change for Establishments
Total Change (2000-11) 2,423
Natural Change (births minus
deaths...
16
Number of establishments by
stage/employment category
Economy
Source: National Establishment Time Series (NETS) – 2012 ...
17
Top five employers in 2015
Economy
Source: ReferenceUSA (Infogroup) and Purdue Central Indiana Regional Extension Educa...
18
Number of jobs by stage/employment
category
Economy
Source: National Establishment Time Series (NETS) – 2012 Database
s...
19
Amount of sales (2011 dollars) by
stage/employment category
Economy
Source: National Establishment Time Series (NETS) –...
20
Retail Trade
15.6%
Administrative &
Support & Waste
Management &
Remediation
Services
11.2%
Government
9.1%
Constructio...
21
Industry distribution and change
NAICS
Code
Description
Jobs
2002
Jobs
2013
Change
(2002-2013)
% Change
(2002-2013)
Ave...
22
Industry distribution and change
The largest percentage gains in
employment in Boone County
occurred in:
 Management o...
23
Sales & Related
14.8%
Office &
Administrative
Support
13.0%
Transportation &
Material Moving
9.3%
Management
7.4%
Busin...
24
SOC Description
Jobs
2002
Jobs
2013
Change
(2002-2013)
% Change
(2002-2013)
Hourly
Earnings 2013
11 Management 2,019 2,...
25
Occupation distribution and change
Economy
Source: Economic Modeling Specialists International (EMSI) – 2014.3 – QCEW E...
26
Income and poverty
2000 2006 2013
Total Population in
Poverty
5.3% 6.0% 7.3%
Minors (up to age 17)
in Poverty
6.5% 7.1%...
27
0
2
4
6
8
10
12
14
45,000
50,000
55,000
60,000
65,000
70,000
75,000
80,000
PopulationinPoverty(percent)
RealIncome(2013...
28
Takeaways
Growth of establishments in Boone County
occurred in businesses with fewer than 10
employees (the self-employ...
Labor force and
unemployment
Commuteshed
Laborshed
Workforce
inflow/outflow
Takeaways
04
labor
market
30
Labor force and unemployment
2002 2013
Labor Force 25,441 29,460
Unemployment
Rate
3.8% 6.1%
The labor force in Boone C...
31
2.0%
4.1%
3.5%
7.8%
6.1%
0
2
4
6
8
10
UnemploymentRate(percent)
Unemployment rate
Unemployment increased dramatically a...
32
Commuteshed
A county’s commuteshed is the
geographic area to which its labor
force travels to work.
Seventy-nine percen...
33
Commuteshed in 2011
Labor market
section 04
Source: U.S. Census Bureau, OTM, LEHD, PCRD
Seventy percent of Boone County...
34
Laborshed
Commuters Proportion
Marion, IN 4,272 19.5%
Hamilton, IN 1,975 9.0%
Hendricks, IN 1,329 6.1%
Clinton, IN 914 ...
35
Laborshed in 2011
Labor market
section 04
Source: U.S. Census Bureau, OTM, LEHD, PCRD
The bulk (70 percent) of Boone
Co...
36
Workforce inflow and outflow in 2011
Labor market
section 04
Source: U.S. Census Bureau, OTM, LEHD, PCRD
Boone County h...
37
Takeaways
Boone County’s unemployment rate has increased
since 2002.The majority of this increase occurred
during the p...
38
Notes
LAUS (Local Area Unemployment Statistics):
LAUS is a U.S. Bureau of Labor Statistics (BLS) program that
provides ...
39
Report Contributors
This report was prepared by the Purdue Center for Regional Development in partnership with
Purdue U...
FOR MORE
INFORMATION
Purdue Center for Regional Development
(PCRD) . . .
seeks to pioneer new ideas and strategies that co...
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Boone County Snapshot

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Boone County Snapshot

  1. 1. Data SnapShot Series 1.1 May 2015 DATA SNAPSHOT Boone County
  2. 2. 2 Hometown Collaboration Initiative This report has been produced by the Purdue Center for Regional Development as a part of the Indiana Hometown Collaboration Initiative (HCI). HCI is funded, in part, by the Indiana Office of Community and Rural Affairs.
  3. 3. Table of contents Introduction 01 Demography 02 Economy 03 Labor Market 04
  4. 4. Purpose About Boone County 01 introduction
  5. 5. 5 Purpose This document provides information and data about Boone County that can be used to guide local decision- making activities. The Data SnapShot showcases a variety of demographic, economic and labor market information that local leaders, community organizations and others can use to gain a better perspective on current conditions and opportunities in their county. To strengthen the value and usability of the information, we showcase the data using a variety of visual tools, such as charts, graphs and tables. In addition, we offer key points about the data as a way of assisting the user with the interpretation of the information presented. Finally, short takeaway messages are offered at the end of each section in order to highlight some of the more salient findings. Introduction section 01
  6. 6. 6 About Boone County Introduction section 01 County Background Established 1830 County Seat Lebanon Area 423 sq. mi. Neighboring Counties Clinton, IN Hamilton, IN Hendricks, IN Marion, IN Montgomery, IN
  7. 7. Population change Population pyramids Race Ethnicity Educational attainment Takeaways 02 demograph y
  8. 8. 8 Population change Components of Population Change, 2000- 2013 Total Change 14,521* Natural Increase 3,400 International Migration 342 Domestic Migration 10,953 The total population is projected to increase by 9 percent between 2013 and 2020. Demography Sources: STATSIndiana, U.S. Census Bureau – 2000 Decennial Census, 2010 Decennial Census, 2013 Estimates, Estimates of the Components of Resident Population Change section 02 The county’s overall population increased by 31 percent between 2000 and 2013.The major contributor to that expansion was domestic migration (the difference between the number of people moving into the county versus moving out) with a net growth of almost 11,000 persons. International migration also had a positive effect on population with a net increase of 342, indicating that the county experienced a small influx of new people from outside the U.S. Finally, natural increase (births minus deaths over that span of time) also contributed 3,400 people to the population of Boone County. Total population projections 2000 2010 2013 2020 46,107 56,640 60,477 66,161 *Estimation residuals are leading to a total change in population that differs from the sum of the components.
  9. 9. 9 7.5% 7.8% 5.3% 6.0% 7.4% 7.5% 4.4% 2.3% 1.2% 6.9% 7.3% 5.0% 6.4% 7.6% 7.6% 4.7% 2.8% 2.1% 9 6 3 0 3 6 9 0-9 10-19 20-29 30-39 40-49 50-59 60-69 70-79 80+ Percent of Total Population AgeCohort 8.0% 7.7% 4.7% 7.6% 8.3% 5.8% 3.3% 2.2% 1.1% 7.4% 7.2% 4.9% 8.0% 8.6% 5.9% 3.6% 3.1% 2.4% 9 6 3 0 3 6 9 0-9 10-19 20-29 30-39 40-49 50-59 60-69 70-79 80+ Percent of Total Population AgeCohort Population pyramids Population pyramids are visual representations of the age distribution of the population by gender. Approximately 51.2 percent of the population was female in 2000 (23,601 people), and that percent remained about the same in 2013.What did change is the distribution of people across the various age categories.A larger share of people shifted into the higher age groupings over the 2000 to 2013 time period. Demography Source: U.S. Census Bureau – 2000 Decennial Census and 2013 Annual Population Estimates section 02 In particular, people 50 and over swelled from 12.4% to 15.4% for males and from 15.0% to 17.2% for females between 2000 and 2013. Individuals of prime working age-- 20-49 years old -- dipped from 20.6% to 18.6% for males and from 21.6% to 19.0% for females.The percentage of residents under 20 years of age has remained unchanged. Male Female 20132000 Male Female
  10. 10. 10 White 95% Other 5% Black Asian Native Two or More Races White 98% Other 2% Black Asian Native Two or More Races Race The number of non-White residents in Boone County increased by 3 percentage points between 2000 and 2013. While every race experienced a numerical increase, the number of individuals that are Black, Asian, or Two or More Races increased between three and six times relative to their 2000 population, helping to expand the Other Races category from 2 percent to 5 percent of the total population by 2013. Demography Race Data Source: U.S. Census Bureau – 2000 Decennial Census and 2013 Annual Population Estimates section 02 2000 2013
  11. 11. 11 Ethnicity Hispanics are individuals of any race whose ancestry is from Mexico, Puerto Rico, Cuba, Spain, the Dominican Republic or any other Spanish-speaking Central or South American country. There were 534 Hispanics residing in Boone County in 2000.This figure expanded to 1,536 by 2013, a 187.6 percent increase. As a result, Hispanics now make up 3 percent of the overall population (versus one percent in 2000). Demography Source: U.S. Census Bureau – 2000 Decennial Census and 2013 Annual Population Estimates section 02 3% 1% Hispanics - 2000 Hispanics - 2013
  12. 12. 12 No High School, 7% High School, 28% Some College, 16% Associate's Degree, 8% Bachelor's Degree or More, 41% No High School, 12% High School, 38% Some College, 17% Associate's Degree, 6% Bachelor's Degree or More, 28% Educational attainment Boone County had a 15 percentage point increase between 2000 and 2013 in the proportion of adults (25 and older) with an associate’s, bachelor’s, or graduate degree. The proportion of adults 25 years of age and older with a high school education or more improved from 88 percent in 2000 to 93 percent by 2013.Those with only a high school degree fell from 38 percent in 2000 to 28 percent in 2013. Adults with an associate’s degree grew by two percentage points from 2000 to 2013 (6 percent versus 8 percent), while the proportion with a bachelor’s degree or more increased from 28 percent to 41 percent over that same time period. As a result of this growth, 49 percent of residents in Boone County had a college degree (associates, bachelors or more) in 2013, which far exceeds the Indiana rate of 32 percent. Demography Source: U.S. Census Bureau – 2000 Decennial Census and 2013 ACS section 02 2000 2013
  13. 13. 13 Takeaways The population of Boone County is expected to grow over the next few years, and if past trends hold, that increase will be largely due to domestic in-migration (more people moving into the county from other counties in Indiana or from other places in the U.S. that are moving out). Boone County’s population also grew over the 2000-2013 period. In examining the population composition of Boone County, one finds a growing adult population of 50 and over, as well as stable population of minors (0-19 years of age). What is most dramatic is the small percentage of young adults (20-29 years old) living in the county.While it has grown since 2000, it still remains small relative to the other age groups of prime working age. While the population remains largely white and non-Hispanic, the racial and ethnic diversity of the county has more than doubled since 2000. The educational attainment of adults 25 and over had dramatically increased since 2000 and the percent of adults with a terminal high school education or less has dropped.This has resulted in a resident labor force in which one in two adult residents have an associate’s, bachelor’s or higher education, 17 percentage points above the figure for Indiana as a whole. High domestic in-migration and the healthy growth of people with post-secondary education translates into a county that may be gaining importance in the Indianapolis metropolitan area, as both an employment center and residential community. In order to continue their growth toward a balanced ratio of working-age individuals and dependents (minors and elderly), Boone County should continue to develop the mix of services and amenities that will retain and attract educated young adults. Demography section 02
  14. 14. Establishments Industries Occupations Income and poverty Takeaways 03 economy
  15. 15. 15 Establishments Components of Change for Establishments Total Change (2000-11) 2,423 Natural Change (births minus deaths) 2,285 Net Migration 147 The number of establishments in Boone County nearly doubled from 2000 to 2011. The rapid growth of establishments was largely due to natural change. In particular, 5,266 establishments were launched in the county between 2000-2011, while 2,981 closed, resulting in a gain of 2,285 establishments.There was a gain of 147 establishments due to net migration. Economy Source: National Establishment Time Series (NETS) – 2012 Database section 03 An establishment is a physical business location. Branches, standalones and headquarters are all considered types of establishments. Definition of Company Stages 0 1 2 3 4 Self- employed 2-9 employees 10-99 employees 100-499 employees 500+ employees Note: The 2011 figures use 2012 data to include all gains and losses over the entire year. Establishment information was calculated in-house and may differ slightly from publicly available data.
  16. 16. 16 Number of establishments by stage/employment category Economy Source: National Establishment Time Series (NETS) – 2012 Database section 03 2000 2011 Stage Establishments Proportion Establishments Proportion Stage 0 844 31% 1,761 34% Stage 1 1,514 55% 3,020 58% Stage 2 350 13% 352 7% Stage 3 30 1% 35 1% Stage 4 - - 2* 0% Total 2,738 100% 5,170 100% Note: The 2011 figures use 2012 data to include all gains and losses over the entire year. The NETS Database is derived from the Dun & Bradstreet archival national establishment data, a population of known establishments in the United States that is quality controlled and updated annually. Establishments include both private and public sector business units and range in size from one employee (i.e., sole-proprietors and self-employed) to several thousand employees. *ReferenceUSA only indicates one Stage 4 company. The second company is listed by both NETS and ReferenceUSA but they have differing employment records for the establishment. Additional information is available on the next slide.
  17. 17. 17 Top five employers in 2015 Economy Source: ReferenceUSA (Infogroup) and Purdue Central Indiana Regional Extension Educator section 03 Establishment Stage 1. Witham Health Services (formerly Witham Memorial Hospital) Stage 4 2. WithamVisiting Nurse Services Stage 3 3. Zionsville Meadows Stage 3 4. Jet Star Inc. Stage 3 5. Meijer* Stage 3 The top five employers produce mainly local goods and services. Witham Health Services in Lebanon is the largest establishment-level employer in Boone County. The top three employers in the county are all providing Health Care & Social Services (NAICS 62). Jet Star Inc. is the only top employer in Boone County supplying a national service. Information on the top five establishments by employment comes from ReferenceUSA. ReferenceUSA is a library database service provided by Infogroup, the company that also supplies the list of major employers for Hoosiers by the Numbers. While both NETS and ReferenceUSA contain establishments, differences in data collection processes result in discrepancies between the two sources. We use NETS for a broad picture of establishments in the county, while ReferenceUSA is used for studying individual establishments. *Meijer reported a range of employees, rather than an specific number. When ranking the establishments by number of employees, the lower end of the range was used.
  18. 18. 18 Number of jobs by stage/employment category Economy Source: National Establishment Time Series (NETS) – 2012 Database section 03 2000 2011 Stage Jobs* Proportion Jobs* Proportion Stage 0 844 5% 1,761 7% Stage 1 5,428 29% 8,883 34% Stage 2 8,055 44% 8,338 32% Stage 3 4,105 22% 5,960 23% Stage 4 - - 1,192 5% Total 18,432 100% 26,134 100% Note: The 2011 figures use 2012 data to include all gains and losses over the entire year. *Includes both full-time and part-time jobs
  19. 19. 19 Amount of sales (2011 dollars) by stage/employment category Economy Source: National Establishment Time Series (NETS) – 2012 Database section 03 2000 2011 Stage Sales Proportion Sales Proportion Stage 0 $115,445,297 5% $124,559,869 4% Stage 1 $768,403,588 32% $707,743,588 21% Stage 2 $913,216,136 38% $682,740,912 20% Stage 3 $611,780,943 25% $1,779,607,837 52% Stage 4 - - $109,554,700 3% Total $2,408,845,963 100% $3,404,206,906 100% Note: The 2011 figures use 2012 data to include all gains and losses over the entire year.
  20. 20. 20 Retail Trade 15.6% Administrative & Support & Waste Management & Remediation Services 11.2% Government 9.1% Construction 6.7% Professional, Scientific & Technical Services 6.6% All Other Industries 50.8% Top five industries in 2013 49.2 percent of jobs are tied to one of the top five industries in Boone County. RetailTrade is the largest industry sector (6,004 jobs). Professional, Scientific & Technical Services is the smallest of the top industry sectors with 2,536 jobs. Health Care & Social Assistance falls just outside the top five industries in Boone County with 2,344 jobs (6.1 percent). All of the top five industries in Boone County, except Construction (-6.5 percent), gained jobs between 2002 and 2013. Of these,Administrative &Waste Management Services (+191.5 percent) and RetailTrade gained the most (106.0 percent). Economy Source: Economic Modeling Specialists International (EMSI) – 2014.3 – QCEW Employees, Non-QCEW Employees, Self-Employed, and Extended Proprietors section 03
  21. 21. 21 Industry distribution and change NAICS Code Description Jobs 2002 Jobs 2013 Change (2002-2013) % Change (2002-2013) Average Total Earnings 2013 11 Agriculture, Forestry, Fishing & Hunting 940 813 -127 -14% $32,866 21 Mining, Quarrying, & Oil & Gas Extraction <10 12 - - $33,468 22 Utilities 41 68 27 66% $196,541 23 Construction 2,757 2,577 -180 -7% $45,739 31-33 Manufacturing 2,108 2,176 68 3% $61,430 42 Wholesale Trade 906 1,544 638 70% $56,502 44-45 Retail Trade 2,914 6,004 3,090 106% $37,316 48-49 Transportation & Warehousing 1,251 2,150 899 72% $44,658 51 Information 200 276 76 38% $45,667 52 Finance & Insurance 1,008 2,154 1,146 114% $42,075 53 Real Estate & Rental & Leasing 1,281 2,283 1,002 78% $27,487 54 Professional, Scientific & Technical Services 1,616 2,536 920 57% $50,592 55 Management of Companies and Enterprises 19 106 87 458% $62,860 56 Administrative & Waste Management 1,476 4,302 2,826 191% $23,960 61 Educational Services (Private) 250 660 410 164% $19,067 62 Health Care & Social Assistance 1,861 2,344 483 26% $47,255 71 Arts, Entertainment & Recreation 622 827 205 33% $20,027 72 Accommodation and Food Services 1,397 1,879 482 35% $15,852 81 Other Services (except Public Administration) 1,646 2,280 634 39% $21,651 90 Government 2,635 3,521 886 34% $55,953 99 Unclassified Industry <10 <10 - - $0 All Total 24,938 38,512 13,574 54% $39,130 Economy Source: Economic Modeling Specialists International (EMSI) – 2014.3 – QCEW Employees, Non-QCEW Employees, Self-Employed, and Extended Proprietors section 03Note: Average total earnings include wages, salaries, supplements and earnings from investments and proprietorships Industries and occupations with a value of <10 have insufficient data for change and earnings calculations.
  22. 22. 22 Industry distribution and change The largest percentage gains in employment in Boone County occurred in:  Management of Companies and Enterprises (+457.9 percent)  Administrative, Support,Waste Management, and Remediation Services (+191.5 percent) The largest percentage losses in employment occurred in:  Agriculture, Forestry, Fishing, and Hunting (-13.5 percent)  Construction (-6.5 percent) Economy Source: Economic Modeling Specialists International (EMSI) – 2014.3 – QCEW Employees, Non-QCEW Employees, Self-Employed, and Extended Proprietors section 03 Employment Increase Employment Decrease Industries with the largest gains and losses in employment numbers between 2002 & 2013: RetailTrade (+3,090) Administrative & Waste Management (+2,826) Information (+1,146) Construction (-180) Agriculture & Forestry (-127)
  23. 23. 23 Sales & Related 14.8% Office & Administrative Support 13.0% Transportation & Material Moving 9.3% Management 7.4% Business & Financial Operations 6.4% All Other Occupations 49.1% Top five occupations in 2013 The top five occupations in Boone County represent 50.9 percent of all jobs. Sales & Related (5,719 jobs) and Office & Administrative Support (5,000 jobs) are the top two occupations in Boone County. Business & Financial Operations is the smallest of the top five occupations with 2,467 jobs. All the five top occupations in Boone County had an increase in jobs between 2002 and 2013. However, Business & FinancialOperations occupations gained the most (102.5 percent), followed closely by Office & Administrative Support (96.6 percent) and Transportation & Material Moving (95.1 percent) occupations. Economy Source: Economic Modeling Specialists International (EMSI) – 2014.3 – QCEW Employees, Non-QCEW Employees, Self-Employed, and Extended Proprietors section 03
  24. 24. 24 SOC Description Jobs 2002 Jobs 2013 Change (2002-2013) % Change (2002-2013) Hourly Earnings 2013 11 Management 2,019 2,854 835 41% $26.92 13 Business & Financial Operations 1,218 2,467 1,249 103% $26.17 15 Computer & Mathematical 294 786 492 167% $30.09 17 Architecture & Engineering 288 328 40 14% $29.99 19 Life, Physical & Social Science 149 232 83 56% $32.41 21 Community & Social Service 231 316 85 37% $20.87 23 Legal 144 247 103 72% $33.57 25 Education, Training & Library 1,024 1,615 591 58% $18.39 27 Arts, Design, Entertainment, Sports & Media 984 1,496 512 52% $18.77 29 Health Care Practitioners & Technical 957 1,525 568 59% $35.39 31 Health Care Support 473 657 184 39% $12.30 33 Protective Service 348 515 167 48% $18.78 35 Food Preparation & Serving Related 1,450 2,002 552 38% $9.07 37 Building & Grounds Cleaning Maintenance 1,074 1,407 333 31% $10.82 39 Personal Care & Service 1,163 1,600 437 38% $10.71 41 Sales & Related 3,780 5,719 1,939 51% $15.99 43 Office & Administrative Support 2,543 5,000 2,457 97% $15.21 45 Farming, Fishing & Forestry 223 201 -22 -10% $11.40 47 Construction & Extraction 2,030 2,003 -27 -1% $18.91 49 Installation, Maintenance & Repair 902 1,194 292 32% $18.29 51 Production 1,480 2,246 766 52% $14.41 53 Transportation & Material Moving 1,828 3,566 1,738 95% $13.46 55 Military 160 192 32 20% $17.34 99 Unclassified 177 344 167 94% $11.44 All Total 24,938 38,512 13,574 54% $18.03 Occupation distribution and change Economy Source: Economic Modeling Specialists International (EMSI) – 2014.3 – QCEW Employees, Non-QCEW Employees, Self-Employed, and Extended Proprietors section 03
  25. 25. 25 Occupation distribution and change Economy Source: Economic Modeling Specialists International (EMSI) – 2014.3 – QCEW Employees, Non-QCEW Employees, Self-Employed, and Extended Proprietors section 03 The largest percentage gains in employment in Boone County occurred in:  Computer and Mathematical (+167.3 percent)  Business and FinancialOperations (+102.5 percent) The largest percentage loss in employment occurred in:  Farming, Fishing, and Forestry (-9.9 percent)  Construction and Extraction (-1.3 percent) Occupations with the largest gains and losses in employment numbers between 2002 & 2013: Office & Administrative (+2,457) Sales & Related (+1,939) Transportation & Material Moving (+1,738) Construction (-27) Farming, Fishing, & Forestry (-22) Employment Increase Employment Decrease
  26. 26. 26 Income and poverty 2000 2006 2013 Total Population in Poverty 5.3% 6.0% 7.3% Minors (up to age 17) in Poverty 6.5% 7.1% 8.7% Real Household Median Income (2013)* $71,543 $72,653 $68,047 Real Per Capita Income (2013)* $49,888 $57,355 $57,604 The median household income in Boone County dipped by $3,500 between 2000 and 2013 in real dollars (that is, adjusted for inflation), while average income per person rose by $7,700 in real dollars over the same time period. Both the total population in poverty and the number of minors in poverty increased by approximately 2 percentage points over the 2000 to 2013 period. Economy Source: U.S. Census Bureau – Small Area Income and Poverty Estimates (SAIPE) and U.S. Bureau of Economic Analysis – Regional Personal Income Summary section 03 *Real median household income is the middle income value in the county. Half of the county’s households fall above this line and half below. Real per capita personal income is the average income per person in the county.
  27. 27. 27 0 2 4 6 8 10 12 14 45,000 50,000 55,000 60,000 65,000 70,000 75,000 80,000 PopulationinPoverty(percent) RealIncome(2013dollars) Per Capita Income Minors in Poverty All Ages in Poverty Median Household Income Income and poverty Median income in Boone County has experienced significant fluctuation over time, decreasing dramatically after 2008. However, per capita income as been generally increasing since 2000. Poverty rates for adults and minors have decreased over the past three years, although the rates are slightly higher than in the early 2000s. Economy Source: U.S. Census Bureau – Small Area Income and Poverty Estimates (SAIPE) and U.S. Bureau of Economic Analysis – Regional Personal Income Summary section 03
  28. 28. 28 Takeaways Growth of establishments in Boone County occurred in businesses with fewer than 10 employees (the self-employed and Stage 1 enterprises), components of the local economy that are often overlooked by local leaders. At the same time, impressive growth took place among Stage 3 establishments. Boone County should continue to pursue its balanced economic development efforts – strategies that attend to the needs of high- growth Stage 1, 2 and 3 establishments, as well as the self-employed. Real median income has gradually declined and poverty has gradually increased in Boone County since 2000.This may be attributed to the salaries and wages associated with industries/businesses and occupations that have experienced the largest job gains in the county. Of the four largest job-growth industries, only one had average annual earnings of over $40,000 in 2013.The three highest job-growth occupations all earned around $15 per hour. The fluctuations in real median income between 2008 and 2013 may be attributed to employment changes in high-paying industries or occupations with small numbers of jobs, such as utilities, health care or legal. Promoting job growth for occupations requiring educated workers could help retain adults with higher educational attainment and help increase median income. Economy section 03
  29. 29. Labor force and unemployment Commuteshed Laborshed Workforce inflow/outflow Takeaways 04 labor market
  30. 30. 30 Labor force and unemployment 2002 2013 Labor Force 25,441 29,460 Unemployment Rate 3.8% 6.1% The labor force in Boone County increased by 15.8 percent between 2002 and 2013. It is likely that some of the new entrants to the labor force were not able to find jobs, leading to the concurrent increase in the labor force and unemployment rate. Labor market Source: U.S. Bureau of Labor Statistics – Local Area Unemployment Statistics (2013 Annual Data Release) section 04
  31. 31. 31 2.0% 4.1% 3.5% 7.8% 6.1% 0 2 4 6 8 10 UnemploymentRate(percent) Unemployment rate Unemployment increased dramatically after 2007, peaking at 7.8 percent in 2009. Since that time, the rate has been on a slow but steady decline, dipping to 6.1 percent by 2013. Labor market Source: U.S. Bureau of Labor Statistics – Local Area Unemployment Statistics (2013 Annual Data Release) section 04
  32. 32. 32 Commuteshed A county’s commuteshed is the geographic area to which its labor force travels to work. Seventy-nine percent of employed residents in Boone County commute to jobs located outside of the county. Marion County is the biggest destination for residents who work outside of Boone County. Fifty-two percent of out-commuters work in counties adjacent to Boone County; however, the fourth largest work destination outside Boone County is the FortWayne metropolitan area (Allen County) and fifth largest is the Lafayette metropolitan area (TippecanoeCounty). Labor market Source: U.S. Census Bureau – Longitudinal Employer-Household Dynamics (LEHD) section 04 24,511 Out-Commuters 6,707 Same Work/ Home Commuters Proportion Marion, IN 11,539 37.0% Hamilton, IN 3,237 10.4% Hendricks, IN 1,070 3.4% Allen, IN 919 2.9% Tippecanoe, IN 476 1.5%
  33. 33. 33 Commuteshed in 2011 Labor market section 04 Source: U.S. Census Bureau, OTM, LEHD, PCRD Seventy percent of Boone County’s working residents are employed either in Boone, Hamilton or Marion Counties. Another 5 percent commute to Allen County or Hendricks County. An additional 5 percent travel to jobs in Cook County, Illinois, or Lake County, St. Joseph County orTippecanoe County in Indiana. Collectively, these nine counties represent 80 percent of the commuteshed for Boone County.
  34. 34. 34 Laborshed Commuters Proportion Marion, IN 4,272 19.5% Hamilton, IN 1,975 9.0% Hendricks, IN 1,329 6.1% Clinton, IN 914 4.2% Howard, IN 665 3.0% Labor market Source: U.S. Census Bureau – Longitudinal Employer-Household Dynamics (LEHD) section 04 15,257 In-Commuters 6,707 Same Work/ Home A county’s laborshed is the geographic area from which it draws employees. Seventy percent of individuals employed in Boone County commute from another county for work. Forty-one percent of in-commuters reside in counties adjacent to Boone County. Marion County and Hamilton County are the biggest sources of workers outside of Boone County.
  35. 35. 35 Laborshed in 2011 Labor market section 04 Source: U.S. Census Bureau, OTM, LEHD, PCRD The bulk (70 percent) of Boone County’s workforce is drawn from Boone, Clinton, Hamilton, Hendricks and Marion Counties. Another 5 percent is drawn from Johnson, Montgomery or Morgan Counties. An additional 5 percent is drawn from Howard andTippecanoe Counties. Combined, the 10 counties represent 80 percent of Boone County’s laborshed.
  36. 36. 36 Workforce inflow and outflow in 2011 Labor market section 04 Source: U.S. Census Bureau, OTM, LEHD, PCRD Boone County has more laborers traveling out of the county for work than into the county for work. Net commuting is negative, with a loss of 9,254 commuters.The resulting situation is that for every 100 employed residents, Boone County has 70 jobs. Count Proportio n Employed in Boone County 21,964 100% Both employed and living in the county 6,707 31% Employed in the county but living outside 15,257 70% Living in Boone County 31,218 100% Both living and employed in the county 6,707 22% Living in the county but employed outside 24,511 79%
  37. 37. 37 Takeaways Boone County’s unemployment rate has increased since 2002.The majority of this increase occurred during the period of the Great Recession (approximately 2008–10).The rate has since been declining. Much like its population, the county’s labor force has expanded since 2002. However, the increased unemployment rate indicates that some of the new entrants to the labor force may be experiencing difficulties finding a job. Employees who work but do not live in Boone County tend to commute from surrounding counties.Those who commute out of the county for work often travel to other metropolitan areas. Boone County should assess if a major workforce development training effort would help address the needs of a growing number of working age adults who may be struggling to find jobs. Furthermore, determining the human capital attributes of workers who commute to jobs outside the county might be insightful. It may provide the information needed to determine how best to reduce the leakage of educated and skilled workers to surrounding counties, especially to the Indianapolis. The laborshed and commuteshed data offer solid evidence of the value of pursuing economic and workforce development on a regional (multi-county) basis. Labor market section 04
  38. 38. 38 Notes LAUS (Local Area Unemployment Statistics): LAUS is a U.S. Bureau of Labor Statistics (BLS) program that provides monthly and annual labor force, employment and unemployment data by place of residence at various geographic levels. LAUS utilizes statistical models to estimate data values based on household surveys and employer reports. These estimates are updated annually. Annual county-level LAUS estimates do not include seasonal adjustments. LEHD (Longitudinal Employer-Household Dynamics): LEHD is a partnership between U.S. Census Bureau and State Department of Workforce Development (DWD) to provide labor market and journey to work data at various geographic levels. LEHD uses Unemployment Insurance earnings data and Quarterly Census of Employment and Wages from DWDs and census administrative records related to individuals and businesses. NETS (National EstablishmentTime Series): NETS is an establishment-level database, not a company-level database. This means that each entry is a different physical location, and company-level information must be created by adding the separate establishment components. OTM (On the Map): OTM, a product of LEHD program, is used in the county snapshot report to develop commuting patterns for a geography from two perspectives: place of residence and place of work. At the highly detailed level of census blocks, some of the data is synthetic to maintain confidentiality of the worker. However, for larger regions mapped at the county level, the commuteshed and laborshed data are fairly reasonable. OTM includes jobs for a worker employed in the reference as well as previous quarter. Hence, job counts are based on two consecutive quarters (six months) measured at the “beginning of a quarter.” OTM data can differ from commuting patterns developed from state annual income tax returns, which asks a question about “county of residence” and “county of work” on January 1 of the tax-year. OTM can also differ from American Community Survey data, which is based on a sample survey of the resident population. SAIPE (SmallArea Income and Poverty Estimates): SAIPE is a U.S. Census Bureau program that provides annual data estimates of income and poverty statistics at various geographic levels. The estimates are used in the administration of federal and state assistance programs. SAIPE utilizes statistical models to estimate data from sample surveys, census enumerations and administrative records.
  39. 39. 39 Report Contributors This report was prepared by the Purdue Center for Regional Development in partnership with Purdue University Extension. Data Analysis Indraneel Kumar, Ph.D. Ayoung Kim Report Authors Elizabeth Dobis Bo Beaulieu, Ph.D. Report Design Tyler Wright
  40. 40. FOR MORE INFORMATION Purdue Center for Regional Development (PCRD) . . . seeks to pioneer new ideas and strategies that contribute to regional collaboration, innovation and prosperity. Purdue Extension Community Development (CD) . . . works to strengthen the capacity of local leaders, residents and organizations to work together to develop and sustain strong, vibrant communities. Please contact Curt Emanuel Boone County Extension Director 765-482-0750 cemanuel@purdue.edu OR PCRD Mann Hall, Suite 266 Purdue University 765-494-7273 pcrd@purdue.edu

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