Source: JobsEQ®, http://www.chmuraecon.com/jobseq Copyright © 2020 Chmura Economics & Analytics, All Rights Reserved.
1
Economic Overview
Okaloosa County, Florida
Source: JobsEQ®, http://www.chmuraecon.com/jobseq Copyright © 2020 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
Okaloosa County, Florida Regional Map ........................................................................................................................15
FAQ ................................................................................................................................................................................16
Source: JobsEQ®, http://www.chmuraecon.com/jobseq Copyright © 2020 Chmura Economics & Analytics, All Rights Reserved.
3
Demographic Profile The population in Okaloosa County, Florida was 200,737 per American Community Survey data for 2014-2018.
The region has a civilian labor force of 92,723 with a participation rate of 61.2%. Of individuals 25 to 64 in Okaloosa
County, Florida, 30.5% have a bachelor’s degree or higher which compares with 32.9% in the nation.
The median household income in Okaloosa County, Florida is $62,048 and the median house value is $207,600.
Summary1
Percent Value
Okaloosa
County, Florida Florida USA Okaloosa
County, Florida Florida USA Demographics Population (ACS) — — — 200,737 20,598,139 322,903,030 Male 50.7% 48.9% 49.2% 101,745 10,071,925 158,984,190 Female 49.3% 51.1% 50.8% 98,992 10,526,214 163,918,840 Median Age2 — — — 36.8 41.9 37.9 Under 18 Years 22.2% 20.1% 22.8% 44,558 4,148,552 73,553,240 18 to 24 Years 9.3% 8.6% 9.6% 18,676 1,762,860 30,903,719 25 to 34 Years 16.0% 12.9% 13.8% 32,144 2,665,948 44,567,976 35 to 44 Years 11.8% 12.1% 12.6% 23,664 2,493,759 40,763,210 45 to 54 Years 12.3% 13.3% 13.2% 24,689 2,748,837 42,589,573 55 to 64 Years 13.0% 13.2% 12.8% 26,003 2,713,807 41,286,731 65 to 74 Years 9.0% 10.9% 8.8% 17,994 2,247,594 28,535,419 75 Years, and Over 6.5% 8.8% 6.4% 13,009 1,816,782 20,703,162 Race: White 78.4% 75.4% 72.7% 157,460 15,529,098 234,904,818 Race: Black or African American 9.8% 16.1% 12.7% 19,666 3,316,376 40,916,113 Race: American Indian and Alaska Native 0.5% 0.3% 0.8% 1,032 58,118 2,699,073 Race: Asian 3.0% 2.7% 5.4% 6,055 559,168 17,574,550 Race: Native Hawaiian and Other Pacific Islander 0.2% 0.1% 0.2% 333 12,887 582,718 Race: Some Other Race 3.4% 2.8% 4.9% 6,857 580,152 15,789,961 Race: Two or More Races 4.6% 2.6% 3.2% 9,334 542,340 10,435,797 Hispanic or Latino (of any race) 9.0% 25.2% 17.8% 18,118 5,184,720 57,517,935 Population Growth Population (Pop Estimates)4 — — — 210,738 21,477,737 328,239,523 Population Annual Average Growth4 1.5% 1.4% 0.7% 2,959 282,509 2,146,799 People per Square Mile — — — 226.5 400.5 92.9 Economic Labor Force Participation Rate and Size (civilian population 16 years
and over)5 61.2% 58.5% 63.2% 92,723 9,876,910 162,248,196
Prime-Age Labor Force Participation Rate and Size (civilian population
25-54)5 78.8% 80.8% 81.8% 58,606 6,364,723 104,136,254
Armed Forces Labor Force5 5.8% 0.3% 0.4% 9,300 54,889 1,028,133 Veterans, Age 18-645 20.0% 5.4% 4.7% 23,160 670,282 9,398,789 Veterans Labor Force Participation Rate and Size, Age 18-645 80.7% 73.8% 76.3% 18,689 494,516 7,168,168 Median Household Income2,5 — — — $62,048 $53,267 $60,293 Per Capita Income5 — — — $31,901 $30,197 $32,621 Mean Commute Time (minutes)5 — — — 23.7 27.4 26.6 Commute via Public Transportation5 0.3% 1.9% 5.0% 321 176,146 7,602,145 Educational Attainment, Age 25-64 No High School Diploma 8.0% 10.9% 11.2% 8,562 1,153,257 18,885,967 High School Graduate 23.8% 28.1% 25.8% 25,328 2,980,014 43,699,272 Some College, No Degree 25.3% 20.4% 21.0% 26,935 2,167,853 35,525,113
Source: JobsEQ®, http://www.chmuraecon.com/jobseq Copyright © 2020 Chmura Economics & Analytics, All Rights Reserved.
4
Summary1
Percent Value
Okaloosa
County, Florida Florida USA Okaloosa
County, Florida Florida USA Associate's Degree 12.4% 11.0% 9.1% 13,203 1,164,240 15,389,737 Bachelor's Degree 19.9% 19.6% 20.8% 21,154 2,085,923 35,261,652 Postgraduate Degree 10.6% 10.1% 12.1% 11,318 1,071,064 20,445,749 Housing Total Housing Units — — — 96,376 9,348,689 136,384,292 Median House Value (of owner-occupied units)2 — — — $207,600 $196,800 $204,900 Homeowner Vacancy 1.6% 2.3% 1.7% 789 119,137 1,304,850 Rental Vacancy 7.9% 8.4% 6.0% 2,451 249,404 2,822,053 Renter-Occupied Housing Units (% of Occupied Units) 37.0% 35.0% 36.2% 28,637 2,667,159 43,285,318 Occupied Housing Units with No Vehicle Available (% of Occupied
Units)5 5.1% 6.5% 8.7% 3,923 493,915 10,424,934
Social Poverty Level (of all people)5 11.5% 14.8% 14.1% 22,425 2,983,851 44,257,979 Households Receiving Food Stamps/SNAP 9.6% 14.2% 12.2% 7,420 1,080,766 14,635,287 Enrolled in Grade 12 (% of total population) 1.1% 1.3% 1.4% 2,279 263,066 4,442,295 Disconnected Youth3,5 3.4% 3.1% 2.6% 297 30,060 438,452 Children in Single Parent Families (% of all children)5 31.7% 39.4% 34.3% 13,372 1,546,120 23,973,249 Uninsured 12.2% 13.5% 9.4% 23,041 2,744,513 29,752,767 With a Disability, Age 18-645 13.0% 10.0% 10.3% 14,756 1,217,071 20,240,504 With a Disability, Age 18-64, Labor Force Participation Rate and Size5 42.8% 38.5% 41.6% 6,317 468,272 8,421,018 Foreign Born 7.1% 20.5% 13.5% 14,280 4,227,210 43,539,499 Speak English Less Than Very Well (population 5 yrs and over) 3.4% 11.9% 8.5% 6,285 2,313,865 25,647,781
Source: JobsEQ® 1. American Community Survey 2014-2018, 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. 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. 4. Census 2019, annual average growth rate since 2009 5. See Rio Arriba errata note in the Data Dictionary.
Source: JobsEQ®, http://www.chmuraecon.com/jobseq Copyright © 2020 Chmura Economics & Analytics, All Rights Reserved.
5
Employment Trends As of 2020Q1, total employment for Okaloosa County, Florida was 94,503 (based on a four-quarter moving average).
Over the year ending 2020Q1, employment increased 1.5% 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 2019Q3
with preliminary estimates updated to 2020Q1.
Unemployment Rate The seasonally adjusted unemployment rate for Okaloosa County, Florida was 9.4% as of June 2020. The regional
unemployment rate was lower than the national rate of 12.5%. One year earlier, in June 2019, the unemployment
rate in Okaloosa County, Florida was 2.9%.
Unemployment rate data are from the Local Area Unemployment Statistics, provided by the Bureau of Labor Statistics and updated through June 2020.
Source: JobsEQ®, http://www.chmuraecon.com/jobseq Copyright © 2020 Chmura Economics & Analytics, All Rights Reserved.
6
Wage Trends The average worker in Okaloosa County, Florida earned annual wages of $47,340 as of 2020Q1. Average annual
wages per worker increased 4.7% in the region over the preceding four quarters. For comparison purposes, annual
average wages were $57,624 in the nation as of 2020Q1.
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 2019Q3 with preliminary estimates updated to 2020Q1.
Source: JobsEQ®, http://www.chmuraecon.com/jobseq Copyright © 2020 Chmura Economics & Analytics, All Rights Reserved.
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 2.8% higher in Okaloosa
County, Florida than the U.S. average.
Cost of Living Information
Annual Average Salary Cost of Living Index
(Base US) US Purchasing Power
Okaloosa County, Florida $47,340 102.8 $46,054
Florida $50,344 99.8 $50,455
USA $57,624 100.0 $57,624
Source: JobsEQ® Data as of 2020Q1 Cost of Living per C2ER, data as of 2020q1, imputed by Chmura where necessary.
Source: JobsEQ®, http://www.chmuraecon.com/jobseq Copyright © 2020 Chmura Economics & Analytics, All Rights Reserved.
8
Industry Snapshot The largest sector in Okaloosa County, Florida is Accommodation and Food Services, employing 14,176 workers. The
next-largest sectors in the region are Retail Trade (13,190 workers) and Public Administration (10,445). 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 Public Administration (LQ = 2.35), Real Estate and Rental
and Leasing (1.88), and Accommodation and Food Services (1.66).
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 2019Q3 with preliminary
estimates updated to 2020Q1.
Sectors in Okaloosa County, Florida with the highest average wages per worker are Management of Companies and
Enterprises ($212,321), Wholesale Trade ($84,618), and Professional, Scientific, and Technical Services ($82,233).
Regional sectors with the best job growth (or most moderate job losses) over the last 5 years are Professional,
Scientific, and Technical Services (+2,848 jobs), Accommodation and Food Services (+1,136), and Health Care and
Social Assistance (+1,030).
Over the next 1 year, employment in Okaloosa County, Florida is projected to expand by 893 jobs. The fastest
growing sector in the region is expected to be Health Care and Social Assistance with a +1.6% year-over-year rate of
growth. The strongest forecast by number of jobs over this period is expected for Accommodation and Food Services
(+178 jobs), Health Care and Social Assistance (+161), and Professional, Scientific, and Technical Services (+144).
Source: JobsEQ®, http://www.chmuraecon.com/jobseq Copyright © 2020 Chmura Economics & Analytics, All Rights Reserved.
9
Current 5-Year History 1-Year Forecast
NAICS Industry Empl Avg Ann
Wages LQ Empl
Change Ann % Total
Demand Exits Transfers Empl
Growth Ann %
Growth
72 Accommodation and Food
Services 14,176 $23,238 1.66 1,136 1.7% 2,477 1,018 1,282 178 1.3%
44 Retail Trade 13,190 $31,034 1.37 615 1.0% 1,797 779 984 34 0.3% 92 Public Administration 10,445 $71,052 2.35 850 1.7% 1,003 406 552 45 0.4%
62 Health Care and Social
Assistance 9,922 $48,337 0.73 1,030 2.2% 1,100 462 477 161 1.6%
54 Professional, Scientific, and
Technical Services 9,636 $82,233 1.51 2,848 7.3% 972 308 520 144 1.5%
81 Other Services (except
Public Administration) 6,008 $32,132 1.43 296 1.0% 719 313 373 33 0.6%
56 Administrative and Support
and Waste Management
and Remediation Services 5,487 $35,641 0.91 520 2.0% 687 268 366 53 1.0%
23 Construction 5,390 $42,103 0.99 703 2.8% 600 190 340 70 1.3% 61 Educational Services 4,988 $46,533 0.65 -16 -0.1% 539 223 241 76 1.5%
53 Real Estate and Rental and
Leasing 3,099 $42,065 1.88 588 4.3% 341 143 171 27 0.9%
52 Finance and Insurance 2,620 $64,494 0.70 -295 -2.1% 263 93 152 18 0.7% 31 Manufacturing 2,549 $65,392 0.33 -631 -4.3% 261 98 167 -5 -0.2%
48 Transportation and
Warehousing 1,909 $45,225 0.44 395 4.7% 216 87 117 13 0.7%
71 Arts, Entertainment, and
Recreation 1,798 $27,252 0.95 56 0.6% 274 113 140 21 1.2%
42 Wholesale Trade 1,225 $84,618 0.34 192 3.5% 132 48 80 3 0.2% 51 Information 1,088 $76,542 0.58 254 5.5% 111 38 67 6 0.5%
11 Agriculture, Forestry, Fishing
and Hunting 365 $19,527 0.29 27 1.6% 41 17 23 2 0.5%
55 Management of Companies
and Enterprises 331 $212,321 0.23 -17 -1.0% 33 11 19 3 0.8%
22 Utilities 220 $56,744 0.46 -88 -6.5% 21 7 13 1 0.4% 99 Unclassified 52 $39,572 0.68 24 13.4% 6 2 3 0 0.9%
21 Mining, Quarrying, and Oil
and Gas Extraction 5 $14,205 0.01 -11 -20.7% 1 0 0 0 1.2%
Total - All Industries 94,503 $47,340 1.00 8,475 1.9% 11,220 4,415 5,911 893 0.9%
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 2019Q3
with preliminary estimates updated to 2020Q1. Forecast employment growth uses national projections adapted for regional growth patterns.
Source: JobsEQ®, http://www.chmuraecon.com/jobseq Copyright © 2020 Chmura Economics & Analytics, All Rights Reserved.
10
Occupation Snapshot The largest major occupation group in Okaloosa County, Florida is Food Preparation and Serving Related
Occupations, employing 12,887 workers. The next-largest occupation groups in the region are Office and
Administrative Support Occupations (11,439 workers) and Sales and Related Occupations (11,066). 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 Food Preparation and Serving Related
Occupations (LQ = 1.59), Architecture and Engineering Occupations (1.56), and Building and Grounds Cleaning and
Maintenance Occupations (1.26).
Occupation groups in Okaloosa County, Florida with the highest average wages per worker are Management
Occupations ($89,300), Computer and Mathematical Occupations ($86,100), and Architecture and Engineering
Occupations ($81,700). The unemployment rate in the region varied among the major groups from 1.1% among Legal
Occupations to 5.8% among Farming, Fishing, and Forestry Occupations.
Over the next 1 year, the fastest growing occupation group in Okaloosa County, Florida is expected to be Healthcare
Support Occupations with a +2.0% year-over-year rate of growth. The strongest forecast by number of jobs over this
period is expected for Food Preparation and Serving Related Occupations (+179 jobs) and Healthcare Practitioners
and Technical Occupations (+67). 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 (2,344 jobs) and Sales and Related Occupations (1,604).
Okaloosa County, Florida, 2020Q11
Current 5-Year History 1-Year Forecast
SOC Occupation Empl Avg Ann
Wages2 LQ Unempl Unempl
Rate Online
Job Ads3 Empl
Change Ann % Total
Demand Exits Transfers Empl
Growth Ann %
Growth
35‑0000 Food Preparation and Serving Related 12,887 $26,200 1.59 496 4.1% 642 580 0.9% 2,524 936 1,408 179 1.4%
43‑0000 Office and Administrative Support 11,439 $35,200 0.96 265 2.4% 384 1,007 1.9% 1,365 566 788 11 0.1%
41‑0000 Sales and Related 11,066 $34,300 1.21 346 3.3% 1,022 590 1.1% 1,648 640 964 44 0.4%
13‑0000 Business and Financial Operations 6,250 $69,500 1.21 115 2.0% 211 917 3.2% 674 178 433 63 1.0%
11‑0000 Management 5,963 $89,300 0.98 72 1.3% 243 936 3.5% 581 155 359 66 1.1%
53‑0000 Transportation and Material Moving 5,283 $32,500 0.68 184 3.7% 422 498 2.0% 722 258 432 32 0.6%
29‑0000 Healthcare Practitioners and Technical 4,775 $78,300 0.89 54 1.1% 732 669 3.1% 347 130 150 67 1.4%
25‑0000 Educational Instruction and Library 4,281 $51,800 0.81 96 2.3% 159 107 0.5% 472 186 223 63 1.5%
47‑0000 Construction and Extraction 4,173 $40,700 0.96 138 3.7% 124 459 2.4% 534 140 340 54 1.3%
37‑0000 Building and Grounds Cleaning and Maintenance
4,062 $29,100 1.26 140 3.7% 249 558 3.0% 590 233 317 41 1.0%
49‑0000 Installation, Maintenance, and Repair
4,054 $43,300 1.12 67 1.8% 335 456 2.4% 443 132 276 34 0.8%
15‑0000 Computer and Mathematical 3,026 $86,100 1.08 47 1.7% 529 835 6.7% 295 53 185 57 1.9%
31‑0000 Healthcare Support 2,813 $31,200 0.68 64 2.3% 215 329 2.5% 420 167 197 56 2.0%
39‑0000 Personal Care and Service 2,597 $27,500 0.97 77 3.1% 132 165 1.3% 446 187 229 31 1.2%
17‑0000 Architecture and Engineering 2,499 $81,700 1.56 34 1.5% 119 54 0.4% 227 61 143 23 0.9%
51‑0000 Production 2,354 $38,700 0.42 59 2.8% 94 -40 -0.3% 273 97 175 1 0.0%
Source: JobsEQ®, http://www.chmuraecon.com/jobseq Copyright © 2020 Chmura Economics & Analytics, All Rights Reserved.
11
Okaloosa County, Florida, 2020Q11
Current 5-Year History 1-Year Forecast
SOC Occupation Empl Avg Ann
Wages2 LQ Unempl Unempl
Rate Online
Job Ads3 Empl
Change Ann % Total
Demand Exits Transfers Empl
Growth Ann %
Growth 33‑0000 Protective Service 2,034 $43,200 0.99 36 1.9% 112 -77 -0.7% 217 86 120 11 0.6%
21‑0000 Community and Social Service 1,639 $45,800 1.02 22 1.3% 125 57 0.7% 208 67 120 20 1.2%
27‑0000 Arts, Design, Entertainment, Sports, and Media
1,401 $45,300 0.81 34 2.6% 55 167 2.6% 168 58 99 11 0.8%
19‑0000 Life, Physical, and Social Science 944 $68,700 1.17 17 1.9% 37 128 3.0% 101 20 73 9 0.9%
23‑0000 Legal 862 $77,200 1.08 9 1.1% 12 66 1.6% 67 23 37 7 0.9%
45‑0000 Farming, Fishing, and Forestry 99 $30,400 0.17 6 5.8% n/a 14 3.1% 16 4 12 0 0.3%
Total - All Occupations 94,503 $46,500 1.00 2,377 2.7% 5,953 8,475 1.9% 12,348 4,374 7,080 893 0.9%
Source: JobsEQ® Data as of 2020Q1 unless noted otherwise Note: Figures may not sum due to rounding. 1. Data based on a four-quarter moving average unless noted otherwise. 2. Wage data are as of 2019 and represent the average for all Covered Employment 3. 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 2019Q3, imputed where necessary with preliminary estimates updated to 2020Q1. Wages by
occupation are as of 2019 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.
Source: JobsEQ®, http://www.chmuraecon.com/jobseq Copyright © 2020 Chmura Economics & Analytics, All Rights Reserved.
12
Industry Clusters A cluster is a geographic concentration of interrelated industries or occupations. The industry cluster in Okaloosa
County, Florida with the highest relative concentration is Public Admin. with a location quotient of 2.35. This cluster
employs 10,445 workers in the region with an average wage of $71,136. Employment in the Public Admin. cluster is
projected to expand in the region about 0.4% 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 2019Q3 with preliminary estimates updated to 2020Q1. Forecast employment growth uses national projections from the Bureau of Labor Statistics adapted for regional growth patterns.
Source: JobsEQ®, http://www.chmuraecon.com/jobseq Copyright © 2020 Chmura Economics & Analytics, All Rights Reserved.
13
Education Levels Expected growth rates for occupations vary by the education and training required. While all employment in
Okaloosa County, Florida is projected to grow 0.9% over the next ten years, occupations typically requiring a
postgraduate degree are expected to grow 1.4% per year, those requiring a bachelor’s degree are forecast to grow
1.2% per year, and occupations typically needing a 2-year degree or certificate are expected to grow 1.1% per year.
Employment by occupation data are estimates are as of 2020Q1. 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.
Source: JobsEQ®, http://www.chmuraecon.com/jobseq Copyright © 2020 Chmura Economics & Analytics, All Rights Reserved.
14
Gross Domestic Product Gross Domestic Product (GDP) is the total value of goods and services produced by a region. In 2019, nominal GDP in
Okaloosa County, Florida expanded 6.9%. This follows growth of 6.8% in 2018. As of 2019, total GDP in Okaloosa
County, Florida was $12,298,365,000.
Gross Domestic Product data are provided by the Bureau of Economic Analysis, imputed by Chmura where necessary, updated through 2019.
Of the sectors in Okaloosa County, Florida, Unclassified contributed the largest portion of GDP in 2019,
$2,647,612,000 The next-largest contributions came from Real Estate and Rental and Leasing ($1,924,700,000);
Public Administration ($1,283,583,000); and Professional, Scientific, and Technical Services ($1,129,092,000).
Gross Domestic Product data are provided by the Bureau of Economic Analysis, imputed by Chmura where necessary, updated through 2019.
Source: JobsEQ®, http://www.chmuraecon.com/jobseq Copyright © 2020 Chmura Economics & Analytics, All Rights Reserved.
15
Okaloosa County, Florida Regional Map
Source: JobsEQ®, http://www.chmuraecon.com/jobseq Copyright © 2020 Chmura Economics & Analytics, All Rights Reserved.
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 804 occupations according to their occupational definition. To
facilitate classification, occupations are combined to form 22 major groups, 95 minor groups, and 452
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.