presentation to the scott city chamber of commerce (august ... · population of scott city (1960...
TRANSCRIPT
Presentation to the Scott City Chamber of Commerce
(August 24, 2016)
24-County Service Area
Cape Girardeau-Sikeston, MO-IL Combined Statistical Area
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
14:III 14:IV 15:I 15:II 15:III 15:IV 16:I 16:II 16:III 16:IV 17:I 17:II
Real GDP Growth
6.1%
5.7% 5.6%5.4%
5.2%5.0% 4.9% 4.9% 4.8% 4.7% 4.7% 4.6%
0%
1%
2%
3%
4%
5%
6%
7%
14:III 14:IV 15:I 15:II 15:III 15:IV 16:I 16:II 16:III 16:IV 17:I 17:II
Unemployment Rate
-0.5%
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
14:III 14:IV 15:I 15:II 15:III 15:IV 16:I 16:II 16:III 16:IV 17:I 17:II
Inflation Rate(percentage point change in the CPI from previous year)
Reasons for concern
Slower rates of….
- new business investment in the US
- new job creation in the US- economic growth in China
Reasons for optimism
- Low interest rates
- High level of employment
- Wage and salary growth
- Low gas prices
The Number of Jobs in the Cape-Sikeston CSA
40,000
45,000
50,000
55,000
60,000
65,000
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
Average Weekly Wage and Salary Earnings in the Cape-Sikeston CSA
All values are adjusted for inflation with a base year of 2015. $600
$620
$640
$660
$680
$700
$720
$740
$760
$780
$800
200
0
200
1
200
2
200
3
200
4
200
5
200
6
200
7
200
8
200
9
201
0
201
1
201
2
201
3
201
4
201
5
The Number of Business Establishments in Cape-Sikeston CSA
3,500
3,700
3,900
4,100
4,300
4,500
4,700
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
Year Employment % total
Education, health care, and social assistance 17,191 27.60%
Retail trade 7,940 12.70%
Manufacturing 7,868 12.60%Arts, entertainment, and recreation, and accommodation and food services 5,819 9.30%
Construction 3,947 6.30%Professional, scientific, and management, and administrative and waste management services 3,722 6.00%
Transportation and warehousing, and utilities 3,228 5.20%Finance and insurance, and real estate and rental and leasing 3,189 5.10%
Other services, except public administration 2,505 4.00%
Cape-Sikeston CSA employment by industry (2010-2014)
Year Population % Change
2015 4,526 (estimate) –0.9%
2010 4,565 –0.6%
2000 4,591 +7.0%
1990 4,292 +31.6%
1980 3,262 +32.4%
1970 2,464 +25.5%
1960 1,963 +7.0%
Population of Scott City (1960 – present)