Economic Overview · The population in the Middle Georgia nonmetropolitan area was 410,127 per...

Economic Overview

Middle Georgia nonmetropolitan area

May 16, 2019

Source: JobsEQ®, http://www.chmuraecon.com/jobseq Copyright © 2019 Chmura Economics & Analytics, All Rights Reserved.

2

DEMOGRAPHIC PROFILE .................................................................................................................................................................... 3

EMPLOYMENT TRENDS ...................................................................................................................................................................... 5

UNEMPLOYMENT RATE ...................................................................................................................................................................... 5

WAGE TRENDS .................................................................................................................................................................................... 6

COST OF LIVING INDEX ....................................................................................................................................................................... 7

INDUSTRY SNAPSHOT ......................................................................................................................................................................... 8

OCCUPATION SNAPSHOT ................................................................................................................................................................. 10

INDUSTRY CLUSTERS ........................................................................................................................................................................ 12

EDUCATION LEVELS .......................................................................................................................................................................... 13

GROSS DOMESTIC PRODUCT ............................................................................................................................................................ 14

REGION DEFINITION ......................................................................................................................................................................... 15

FAQ ................................................................................................................................................................................................... 16

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3

Demographic Profile The population in the Middle Georgia nonmetropolitan area was 410,127 per American Community Survey data for

2013-2017.

The region has a civilian labor force of 171,694 with a participation rate of 52.1%. Of individuals 25 to 64 in the

Middle Georgia nonmetropolitan area, 15.6% have a bachelor’s degree or higher which compares with 32.3% in the

nation.

The median household income in the Middle Georgia nonmetropolitan area is $37,904 and the median house value

is $99,377.

Summary1

Percent Value

Middle Georgia

nonmetropolita

n area USA USA

Middle Georgia

nonmetropolita

n area USA USA

Demographics

Population (ACS) — — — 410,127 321,004,407 321,004,407

Male 49.1% 49.2% 49.2% 201,277 158,018,753 158,018,753

Female 50.9% 50.8% 50.8% 208,850 162,985,654 162,985,654

Median Age2 — — — 38.7 37.8 37.8

Under 18 Years 22.1% 22.9% 22.9% 90,696 73,601,279 73,601,279

18 to 24 Years 11.2% 9.7% 9.7% 45,901 31,131,484 31,131,484

25 to 34 Years 12.1% 13.7% 13.7% 49,704 44,044,173 44,044,173

35 to 44 Years 11.8% 12.7% 12.7% 48,576 40,656,419 40,656,419

45 to 54 Years 13.3% 13.4% 13.4% 54,372 43,091,143 43,091,143

55 to 64 Years 13.3% 12.7% 12.7% 54,536 40,747,520 40,747,520

65 to 74 Years 9.7% 8.6% 8.6% 39,702 27,503,389 27,503,389

75 Years, and Over 6.5% 6.3% 6.3% 26,640 20,229,000 20,229,000

Race: White 56.4% 73.0% 73.0% 231,490 234,370,202 234,370,202

Race: Black or African American 38.9% 12.7% 12.7% 159,700 40,610,815 40,610,815

Race: American Indian and Alaska Native 0.1% 0.8% 0.8% 526 2,632,102 2,632,102

Race: Asian 1.1% 5.4% 5.4% 4,378 17,186,320 17,186,320

Race: Native Hawaiian and Other Pacific Islander 0.1% 0.2% 0.2% 212 570,116 570,116

Race: Some Other Race 1.8% 4.8% 4.8% 7,389 15,553,808 15,553,808

Race: Two or More Races 1.6% 3.1% 3.1% 6,432 10,081,044 10,081,044

Hispanic or Latino (of any race) 4.0% 17.6% 17.6% 16,574 56,510,571 56,510,571

Population Growth

Population (Pop Estimates)5 — — — 407,334 325,719,178 325,719,178

Population Annual Average Growth5 -0.1% 0.8% 0.8% -488 2,448,797 2,448,797

Economic

Labor Force Participation Rate and Size (civilian population 16 years

and over) 52.1% 63.3% 63.3% 171,694 161,159,470 161,159,470

Prime-Age Labor Force Participation Rate and Size (civilian

population 25-54) 71.3% 81.6% 81.6% 108,682 103,761,701 103,761,701

Armed Forces Labor Force 0.1% 0.4% 0.4% 274 1,024,855 1,024,855

Veterans, Age 18-64 5.5% 4.9% 4.9% 13,920 9,667,749 9,667,749

Veterans Labor Force Participation Rate and Size, Age 18-64 63.4% 75.8% 75.8% 8,819 7,326,514 7,326,514

Median Household Income2 — — — $37,904 $57,652 $57,652





4

Summary1

Percent Value

Middle Georgia

nonmetropolita

n area USA USA

Middle Georgia

nonmetropolita

n area USA USA

Per Capita Income — — — $20,434 $31,177 $31,177

Poverty Level (of all people) 24.6% 14.6% 14.6% 94,654 45,650,345 45,650,345

Households Receiving Food Stamps 21.1% 12.6% 12.6% 31,739 15,029,498 15,029,498

Mean Commute Time (minutes) — — — 23.3 26.4 26.4

Commute via Public Transportation 0.4% 5.1% 5.1% 541 7,607,907 7,607,907

Educational Attainment, Age 25-64

No High School Diploma 15.9% 11.4% 11.4% 32,974 19,230,541 19,230,541

High School Graduate 38.9% 26.0% 26.0% 80,552 43,784,920 43,784,920

Some College, No Degree 21.5% 21.2% 21.2% 44,621 35,803,629 35,803,629

Associate's Degree 8.1% 9.0% 9.0% 16,690 15,199,517 15,199,517

Bachelor's Degree 9.5% 20.5% 20.5% 19,756 34,602,913 34,602,913

Postgraduate Degree 6.1% 11.8% 11.8% 12,595 19,917,735 19,917,735

Housing

Total Housing Units — — — 185,816 135,393,564 135,393,564

Median House Value (of owner-occupied units)2 — — — $99,377 $193,500 $193,500

Homeowner Vacancy 2.5% 1.7% 1.7% 2,402 1,346,331 1,346,331

Rental Vacancy 5.8% 6.1% 6.1% 3,481 2,838,344 2,838,344

Renter-Occupied Housing Units (% of Occupied Units) 37.1% 36.2% 36.2% 55,820 42,992,786 42,992,786

Occupied Housing Units with No Vehicle Available (% of Occupied

Units) 9.6% 8.8% 8.8% 14,392 10,468,418 10,468,418

Social

Enrolled in Grade 12 (% of total population) 1.3% 1.4% 1.4% 5,389 4,437,324 4,437,324

Disconnected Youth4 5.9% 2.7% 2.7% 1,447 456,548 456,548

Children in Single Parent Families (% of all children) 49.2% 34.5% 34.5% 41,057 24,106,567 24,106,567

With a Disability, Age 18-64 14.0% 10.3% 10.3% 33,440 20,276,199 20,276,199

With a Disability, Age 18-64, Labor Force Participation Rate and Size 34.0% 41.4% 41.4% 11,359 8,395,884 8,395,884

Foreign Born 3.4% 13.4% 13.4% 13,783 43,028,127 43,028,127

Speak English Less Than Very Well (population 5 yrs and over) 2.3% 8.5% 8.5% 8,785 25,654,421 25,654,421

Union Membership

Total3 3.5% 10.7% 10.7% — — —

Private Sector3 2.8% 6.4% 6.4% — — —

Manufacturing3 3.8% 8.7% 8.7% — — —

Public Sector3 6.2% 35.1% 35.1% — — —

Source: JobsEQ® 1. American Community Survey 2013-2017, unless noted otherwise 2. Median values for certain aggregate regions (such as MSAs) may be estimated as the weighted averages of the median values from the composing counties. 3. 2017; Current Population Survey, unionstats.com, and Chmura; county- and zip-level data are best estimates based upon industry-, MSA-, and state-level data 4. Disconnected Youth are 16-19 year olds who are (1) not in school, (2) not high school graduates, and (3) either unemployed or not in the labor force. 5. Census 2017, annual average growth rate since 2007






5

Employment Trends As of 2018Q4, total employment for the Middle Georgia nonmetropolitan area was 156,055 (based on a four-quarter

moving average). Over the year ending 2018Q4, employment increased 1.8% in the region.

Employment data are derived from the Quarterly Census of Employment and Wages, provided by the Bureau of Labor Statistics and imputed where necessary. Data are updated through 2018Q2

with preliminary estimates updated to 2018Q4.

Unemployment Rate The seasonally adjusted unemployment rate for the Middle Georgia nonmetropolitan area was 4.7% as of March

2019. The regional unemployment rate was higher than the national rate of 3.8%. One year earlier, in March 2018,

the unemployment rate in the Middle Georgia nonmetropolitan area was 5.0%.

Unemployment rate data are from the Local Area Unemployment Statistics, provided by the Bureau of Labor Statistics and updated through March 2019.





6

Wage Trends The average worker in the Middle Georgia nonmetropolitan area earned annual wages of $37,957 as of 2018Q4.

Average annual wages per worker increased 2.8% in the region over the preceding four quarters. For comparison

purposes, annual average wages were $55,713 in the nation as of 2018Q4.

Annual average wages per worker data are derived from the Quarterly Census of Employment and Wages, provided by the Bureau of Labor Statistics and imputed where necessary. Data are

updated through 2018Q2 with preliminary estimates updated to 2018Q4.





7

Cost of Living Index The Cost of Living Index estimates the relative price levels for consumer goods and services. When applied to wages

and salaries, the result is a measure of relative purchasing power. The cost of living is 11.8% lower in Middle

Georgia nonmetropolitan area than the U.S. average.

Cost of Living Information

Annual Average Salary

Cost of Living Index

(Base US) US Purchasing Power

Middle Georgia nonmetropolitan area $37,957 88.2 $43,054

USA $55,713 100.0 $55,713

USA $55,713 100.0 $55,713

Source: JobsEQ® Data as of 2018Q4 Cost of Living per C2ER, data as of 2018q4, imputed by Chmura where necessary.






8

Industry Snapshot The largest sector in the Middle Georgia nonmetropolitan area is Manufacturing, employing 26,609 workers. The

next-largest sectors in the region are Health Care and Social Assistance (21,913 workers) and Retail Trade (17,030).

High location quotients (LQs) indicate sectors in which a region has high concentrations of employment compared to

the national average. The sectors with the largest LQs in the region are Manufacturing (LQ = 2.07), Agriculture,

Forestry, Fishing and Hunting (2.04), and Mining, Quarrying, and Oil and Gas Extraction (1.95).

Employment data are derived from the Quarterly Census of Employment and Wages, provided by the Bureau of Labor Statistics and imputed where necessary. Data are updated through 2018Q2

with preliminary estimates updated to 2018Q4.

Sectors in the Middle Georgia nonmetropolitan area with the highest average wages per worker are Mining,

Quarrying, and Oil and Gas Extraction ($65,453), Utilities ($64,429), and Management of Companies and

Enterprises ($61,344). Regional sectors with the best job growth (or most moderate job losses) over the last 5 years

are Manufacturing (+4,025 jobs), Transportation and Warehousing (+1,985), and Accommodation and Food Services

(+1,380).

Over the next 1 year, employment in the Middle Georgia nonmetropolitan area is projected to expand by 155 jobs.

The fastest growing sector in the region is expected to be Administrative and Support and Waste Management and

Remediation Services with a +1.0% year-over-year rate of growth. The strongest forecast by number of jobs over this

period is expected for Health Care and Social Assistance (+204 jobs), Administrative and Support and Waste

Management and Remediation Services (+119), and Transportation and Warehousing (+73).





9

Current 5-Year History 1-Year Forecast

Four Quarters Ending with 2018q4 Total

Change Avg Ann %

Chg in Empl Separations

(Approximate) ---Growth---

NAICS Industry Empl Avg Ann

Wages LQ Empl Region Total New

Demand Exits Transfers Empl Avg Ann

Rate

11 Agriculture, Forestry,

Fishing and Hunting 4,355 $38,754 2.04 -53 -0.2% 440 203 267 -29 -0.7%

21 Mining, Quarrying, and Oil

and Gas Extraction 1,334 $65,453 1.95 -54 -0.8% 122 44 91 -12 -0.9%

22 Utilities 687 $64,429 0.84 -77 -2.1% 60 22 39 -2 -0.3%

23 Construction 7,150 $43,947 0.81 411 1.2% 757 253 451 53 0.7%

31 Manufacturing 26,609 $52,497 2.07 4,025 3.3% 2,596 1,025 1,747 -176 -0.7%

42 Wholesale Trade 3,406 $53,163 0.57 -206 -1.2% 348 135 223 -9 -0.3%

44 Retail Trade 17,030 $28,232 1.04 208 0.2% 2,263 1,004 1,268 -9 -0.1%

48 Transportation and

Warehousing 7,955 $41,679 1.15 1,985 5.9% 918 361 484 73 0.9%

51 Information 1,441 $34,457 0.47 -217 -2.8% 129 51 89 -11 -0.7%

52 Finance and Insurance 3,515 $49,226 0.57 50 0.3% 330 127 205 -2 -0.1%

53 Real Estate and Rental and

Leasing 1,228 $36,458 0.46 -15 -0.2% 121 57 68 -3 -0.3%

54 Professional, Scientific,

and Technical Services 2,540 $46,168 0.24 0 0.0% 237 82 136 18 0.7%

55 Management of

Companies and Enterprises 577 $61,344 0.25 -58 -1.9% 54 19 33 2 0.3%

56

Administrative and

Support and Waste

Management and

Remediation Services

11,968 $24,882 1.19 756 1.3% 1,503 588 796 119 1.0%

61 Educational Services 14,788 $36,648 1.16 -410 -0.5% 1,268 657 707 -96 -0.6%

62 Health Care and Social

Assistance 21,913 $41,825 0.98 391 0.4% 2,269 1,014 1,050 204 0.9%

71 Arts, Entertainment, and

Recreation 956 $20,288 0.31 148 3.4% 139 60 74 5 0.5%

72 Accommodation and Food

Services 12,671 $14,827 0.90 1,380 2.3% 2,094 908 1,143 43 0.3%

81 Other Services (except

Public Administration) 5,549 $22,063 0.81 -921 -3.0% 632 288 342 3 0.0%

92 Public Administration 10,170 $37,139 1.39 354 0.7% 887 396 537 -46 -0.5%

99 Unclassified 215 $35,953 0.89 12 1.1% 24 10 14 0 0.1%

Total - All Industries 156,055 $37,957 1.00 7,707 1.0% 17,193 7,304 9,734 155 0.1%

Source: JobsEQ® Employment data are derived from the Quarterly Census of Employment and Wages, provided by the Bureau of Labor Statistics and imputed where necessary. Data are updated through 2018Q2

with preliminary estimates updated to 2018Q4. Forecast employment growth uses national projections adapted for regional growth patterns.






10

Occupation Snapshot The largest major occupation group in the Middle Georgia nonmetropolitan area is Office and Administrative Support

Occupations, employing 19,343 workers. The next-largest occupation groups in the region are Production

Occupations (19,202 workers) and Transportation and Material Moving Occupations (14,741). High location quotients

(LQs) indicate occupation groups in which a region has high concentrations of employment compared to the national

average. The major groups with the largest LQs in the region are Production Occupations (LQ = 2.03), Farming,

Fishing, and Forestry Occupations (1.81), and Transportation and Material Moving Occupations (1.38).

Occupation groups in the Middle Georgia nonmetropolitan area with the highest average wages per worker are

Management Occupations ($85,200), Computer and Mathematical Occupations ($71,400), and Architecture and

Engineering Occupations ($67,500). The unemployment rate in the region varied among the major groups from 1.7%

among Legal Occupations to 10.1% among Farming, Fishing, and Forestry Occupations.

Over the next 1 year, the fastest growing occupation group in the Middle Georgia nonmetropolitan area is expected

to be Healthcare Support Occupations with a +1.1% year-over-year rate of growth. The strongest forecast by number

of jobs over this period is expected for Healthcare Practitioners and Technical Occupations (+75 jobs) and

Transportation and Material Moving Occupations (+60). Over the same period, the highest separation demand

(occupation demand due to retirements and workers moving from one occupation to another) is expected in Food

Preparation and Serving Related Occupations (2,141 jobs) and Production Occupations (2,134).

Occupation Snapshot in Middle Georgia nonmetropolitan area, 2018q4


Four Quarters Ending with

2018q4 -----2018q4----- Total

Change

Avg Ann

% Chg in

Empl --Separations-- ---Growth---

SOC Occupation Empl Avg Ann

Wages1 LQ Unempl Unempl

Rate Online

Job Ads2 Empl Region Total New

Demand Exits Transfer Empl Avg Ann

Rate

11-0000 Management 8,615 $85,200 0.91 154 2.0% 254 172 0.4% 683 275 390 17 0.2%

13-0000 Business and Financial Operations 4,794 $58,400 0.59 138 3.5% 121 114 0.5% 437 144 281 12 0.2%

15-0000 Computer and Mathematical 1,580 $71,400 0.34 36 3.8% 59 -23 -0.3% 112 28 77 8 0.5%

17-0000 Architecture and Engineering 2,071 $67,500 0.77 49 3.7% 51 157 1.6% 160 53 97 11 0.5%

19-0000 Life, Physical, and Social Science 833 $60,300 0.66 13 2.1% 47 73 1.9% 73 22 51 0 0.0%

21-0000 Community and Social Service 2,690 $41,700 1.06 59 2.5% 194 -61 -0.4% 303 108 180 14 0.5%

23-0000 Legal 589 $66,000 0.46 10 1.7% 8 13 0.5% 33 14 18 1 0.2%

25-0000 Education, Training, and Library 10,089 $47,100 1.15 263 2.7% 306 -370 -0.7% 772 408 405 -40 -0.4%

27-0000 Arts, Design, Entertainment, Sports, and Media

1,473 $41,000 0.53 22 2.8% 61 -106 -1.4% 142 62 79 1 0.0%

29-0000 Healthcare Practitioners and Technical 9,104 $67,300 1.03 186 2.2% 620 184 0.4% 574 249 250 75 0.8%

31-0000 Healthcare Support 4,121 $26,300 0.95 248 5.3% 167 11 0.1% 520 242 234 44 1.1% 33-0000 Protective Service 3,828 $36,100 1.15 163 4.4% 110 224 1.2% 329 156 182 -10 -0.2%

35-0000 Food Preparation and Serving Related 12,532 $19,500 0.94 1,181 7.7% 498 1,237 2.1% 2,184 971 1,170 43 0.3%

37-0000 Building and Grounds Cleaning and Maintenance

5,809 $23,700 1.07 431 6.3% 178 273 1.0% 739 344 378 17 0.3%

39-0000 Personal Care and Service 4,921 $29,500 0.74 202 3.8% 82 -13 -0.1% 757 376 338 44 0.9%





11

Occupation Snapshot in Middle Georgia nonmetropolitan area, 2018q4


Four Quarters Ending with

2018q4 -----2018q4----- Total

Change

Avg Ann

% Chg in

Empl --Separations-- ---Growth---

SOC Occupation Empl Avg Ann

Wages1 LQ Unempl Unempl

Rate Online

Job Ads2 Empl Region Total New

Demand Exits Transfer Empl Avg Ann

Rate

41-0000 Sales and Related 13,688 $29,200 0.87 743 5.1% 874 -205 -0.3% 1,926 861 1,066 -1 0.0%

43-0000 Office and Administrative Support 19,343 $31,800 0.85 964 4.7% 505 563 0.6% 2,034 976 1,128 -70 -0.4%

45-0000 Farming, Fishing, and Forestry 1,840 $28,600 1.81 201 10.1% 7 17 0.2% 236 65 190 -19 -1.1%

47-0000 Construction and Extraction 7,288 $37,400 1.01 518 6.1% 82 492 1.4% 790 258 493 39 0.5%

49-0000 Installation, Maintenance, and Repair

6,906 $41,800 1.15 290 3.6% 239 235 0.7% 651 241 407 3 0.0%

51-0000 Production 19,202 $35,100 2.03 1,040 5.5% 204 2,579 2.9% 2,026 802 1,332 -109 -0.6%

53-0000 Transportation and Material Moving 14,741 $29,600 1.38 1,053 6.4% 494 2,140 3.2% 1,882 711 1,111 60 0.4%

Total - All Occupations 156,055 $38,900 1.00 n/a n/a 5,160 7,707 1.0% 17,378 7,366 9,857 155 0.1%

Source: JobsEQ® Data as of 2018Q4 unless noted otherwise Note: Figures may not sum due to rounding. 1. Occupation wages are as of 2017 and should be taken as the average for all Covered Employment 2. Data represent found online ads active within the last thirty days in the selected region; data represents a sampling rather than the complete universe of postings. Ads lacking zip code

information but designating a place (city, town, etc.) may be assigned to the zip code with greatest employment in that place for queries in this analytic. Due to alternative county-assignment

algorithms, ad counts in this analytic may not match that shown in RTI (nor in the popup window ad list). Occupation employment data are estimated via industry employment data and the estimated industry/occupation mix. Industry employment data are derived from the Quarterly Census of

Employment and Wages, provided by the Bureau of Labor Statistics and currently updated through 2018Q2, imputed where necessary with preliminary estimates updated to 2018Q4. Wages by

occupation are as of 2017 provided by the BLS and imputed where necessary. Forecast employment growth uses national projections from the Bureau of Labor Statistics adapted for regional

growth patterns.






12

Industry Clusters A cluster is a geographic concentration of interrelated industries or occupations. The industry cluster in the Middle

Georgia nonmetropolitan area with the highest relative concentration is Textile/Leather with a location quotient of

11.29. This cluster employs 4,466 workers in the region with an average wage of $53,734. Employment in the

Textile/Leather cluster is projected to contract in the region about 1.6% per year over the next ten years.

Location quotient and average wage data are derived from the Quarterly Census of Employment and Wages, provided by the Bureau of Labor Statistics, imputed where necessary, and updated

through 2018Q2 with preliminary estimates updated to 2018Q4. Forecast employment growth uses national projections from the Bureau of Labor Statistics adapted for regional growth patterns.





13

Education Levels Expected growth rates for occupations vary by the education and training required. While all employment in the

Middle Georgia nonmetropolitan area is projected to grow 0.1% over the next ten years, occupations typically

requiring a postgraduate degree are expected to grow 0.5% per year, those requiring a bachelor’s degree are

forecast to grow 0.2% per year, and occupations typically needing a 2-year degree or certificate are expected to grow

0.4% per year.

Employment by occupation data are estimates are as of 2018Q4. Education levels of occupations are based on BLS assignments. Forecast employment growth uses national projections from the

Bureau of Labor Statistics adapted for regional growth patterns.





14

Gross Domestic Product Gross Domestic Product (GDP) is the total value of goods and services produced by a region. In 2017, nominal GDP

in the Middle Georgia nonmetropolitan area expanded 1.6%. This follows growth of 2.9% in 2016. As of 2017, total

GDP in the Middle Georgia nonmetropolitan area was $12,269,459,000.

Gross Domestic Product data are provided by the Bureau of Economic Analysis, imputed by Chmura where necessary, updated through 2017.

Of the sectors in the Middle Georgia nonmetropolitan area, Manufacturing contributed the largest portion of GDP in

2017, $3,243,855,000 The next-largest contributions came from Health Care and Social Assistance

($1,322,440,000); Educational Services ($969,108,000); and Retail Trade ($937,198,000).

Gross Domestic Product data are provided by the Bureau of Economic Analysis, imputed by Chmura where necessary, updated through 2017.





15

Region Definition Middle Georgia nonmetropolitan area is defined as the following counties:

Baldwin County, Georgia Schley County, Georgia

Bleckley County, Georgia Stewart County, Georgia

Crisp County, Georgia Sumter County, Georgia

Dodge County, Georgia Talbot County, Georgia

Dooly County, Georgia Taylor County, Georgia

Laurens County, Georgia Troup County, Georgia

Macon County, Georgia Upson County, Georgia

Peach County, Georgia Webster County, Georgia

Pulaski County, Georgia Wilcox County, Georgia

Putnam County, Georgia Wilkinson County, Georgia





16

FAQ What is a location quotient?

A location quotient (LQ) is a measurement of concentration in comparison to the nation. An LQ of 1.00 indicates a region has

the same concentration of an industry (or occupation) as the nation. An LQ of 2.00 would mean the region has twice the

expected employment compared to the nation and an LQ of 0.50 would mean the region has half the expected employment

in comparison to the nation.

What is separation demand?

Separation demand is the number of jobs required due to separations—labor force exits (including retirements) and turnover

resulting from workers moving from one occupation into another. Note that separation demand does not include all

turnover—it does not include when workers stay in the same occupation but switch employers. The total projected demand

for an occupation is the sum of the separation demand and the growth demand (which is the increase or decrease of jobs in

an occupation expected due to expansion or contraction of the overall number of jobs in that occupation).

What is a cluster?

A cluster is a geographic concentration of interrelated industries or occupations. If a regional cluster has a location quotient

of 1.25 or greater, the region is considered to possess a competitive advantage in that cluster.

What is the difference between industry wages and occupation wages?

Industry wages and occupation wages are estimated via separate data sets, often the time periods being reported do not

align, and wages are defined slightly differently in the two systems (for example, certain bonuses are included in the industry

wages but not the occupation wages). It is therefore common that estimates of the average industry wages and average

occupation wages in a region do not match exactly.

What is NAICS?

The North American Industry Classification System (NAICS) is used to classify business establishments according to the

type of economic activity. The NAICS Code comprises six levels, from the “all industry” level to the 6-digit level. The first two

digits define the top level category, known as the “sector,” which is the level examined in this report.

What is SOC?

The Standard Occupational Classification system (SOC) is used to classify workers into occupational categories. All workers

are classified into one of over 820 occupations according to their occupational definition. To facilitate classification,

occupations are combined to form 23 major groups, 96 minor groups, and 449 occupation groups. Each occupation group

includes detailed occupations requiring similar job duties, skills, education, or experience.

About This Report

This report and all data herein were produced by JobsEQ®, a product of Chmura Economics & Analytics. The information contained herein was obtained from sources we believe to be reliable.

However, we cannot guarantee its accuracy and completeness.




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Economic Overview · The population in the Middle Georgia nonmetropolitan area was 410,127 per...

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