state of ingenuity: comparison to national trends

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A presentation made by Norman Walzer and Brian Harger to the State of Ingenuity steering committee on November 18, 2011 at the University of Wisconsin at Whitewater.

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  • 1. St t f I itStateofIngenuity ComparisonstoNationalTrends Norman Walzer and Brian L. Harger Senior Research Scholar Research Associate Presented to SOI Steering Committee Whitewater, Wisconsin 11/18/2011 1

2. Population & Employment TrendsPopulation&EmploymentTrends 11/18/2011 2 3. PopulationChangebyAgeCohort 52.5% 60.0% StateofIngenuityRegion 28.5% 44.5% 30.8% 30.0% 40.0% 50.0% to2020 Silent Generation 8.1% 7.6% 3 6% 4 3% 7.3% 11.0% 15.8% 4.6% 10.0% 20.0% 30.0% centChange2010t BabyBust GenerationZ 3.6% 0.7% 2.8% 4.3% 0.9% 7.9% 4.6% 2.6% 10.0% 0.0% Perc BabyBoomersMillennials 14.5% 20.0% 11/18/2011 3 Data Source: Woods & Poole Economics, Inc., 2011. 4. PopulationChangebyAgeCohort 58.8% 60 0% 70.0% StateofIngenuityRegion 31 5% 49.2% 40.0% 50.0% 60.0% to2030 Generation 8.5% 9.3% 8.3% 11.1% 18.4% 31.5% 17.1% 10 0% 20.0% 30.0% centChange2020t BabyBust GenerationZ Alpha? 2.7% 4.4% 5.2% 0.7% 3.7% 5.6% 1.7% 5.6%10.0% 0.0% 10.0% Perc BabyBoomersMillennials 12.8% 20.0% 11/18/2011 4 Data Source: Woods & Poole Economics, Inc., 2011. 5. PopulationChangebyAgeCohort 43.0% 50.0% StateofIngenuityRegion 21.9% 36.8% 30.0% 40.0% to2040 Generation Z 8.1% 5.0% 2.9% 5.6% 11.1% 11.1% 4.7% 1.2% 5.0% 7.3% 9.6% 11.4% 2.8% 10.0% 20.0% centChange2030t BabyBust GenerationZ 1.2% 10.3% 2.6% 10.0% 0.0% Perc BabyBoomersMillennialsGeneration Alpha? 20.0% 11/18/2011 5 Data Source: Woods & Poole Economics, Inc., 2011. 6. UnemploymentRate StateofIngenuityRegion 16.0 State of Ingenuity Region U S 12.0 14.0 U.S. ssion on ion 8.0 10.0 Rece Recessi Recessi 4.0 6.0 0.0 2.0 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 Data Source: U.S. Bureau of Labor Statistics, 1990-2011.* Year by month. 11/18/2011 6 199 199 199 199 199 199 199 199 199 199 200 200 200 200 200 200 200 200 200 200 201 20 7. EmploymentTrendsbyIndustrySector StateofIngenuityRegion 50.0 Manufacturing ment 40.0 g Services Government TotalEmploym 30.0 PercentofT 10.0 20.0 0.0 Data Source: U.S. Bureau of Labor Statistics, 1990-2010. 11/18/2011 7 8. PerCapitaWageGrowth StateofIngenuityRegion StateofIngenuity R i UnitedStates PercentChange (2001 2009)IndustryCluster Region (20012009) 2001 2009 2001 2009 Region U.S. Agribusiness,FoodProcessing&Technology $35,614 $43,410 $29,369 $36,577 21.9 24.5 Bi di l/Bi t h i l (Lif S i ) $32 778 $47 618 $40 670 $52 802 45 3 29 8Biomedical/Biotechnical(LifeSciences) $32,778 $47,618 $40,670 $52,802 45.3 29.8 Business&FinancialServices $37,930 $49,123 $63,750 $79,518 29.5 24.7 Defense&Security $31,370 $40,487 $51,609 $65,011 29.1 26.0 Education & Knowledge Creation $31,279 $39,048 $33,755 $43,098 24.8 27.7Education&KnowledgeCreation $31,279 $39,048 $33,755 $43,098 24.8 27.7 Energy(Fossil&Renewable) $34,703 $42,314 $49,601 $66,403 21.9 33.9 InformationTechnology&Telecommunications $40,561 $50,831 $64,050 $80,444 25.3 25.6 Transportation&Logistics $30,150 $35,631 $38,066 $45,128 18.2 18.6 ManufacturingSupercluster $45,567 $56,089 $48,912 $62,141 23.1 27.0 Printing&Publishing $31,349 $40,219 $50,204 $62,087 28.3 23.7 TotalAllIndustries $31,788 $37,752 $36,219 $45,559 18.8 25.8 11/18/2011 8 Data Source: U.S. Bureau of Labor Statistics, Quarterly Census of Employment and Wages (QCEW) and the Purdue Center for Regional Development (cluster definitions), 2011. 9. U.S.IndustryEmployment&Output PercentChange,19982008 Other services Religious, grantmaking, civic, professional organizatons Output Employment Education services Health care and social assistance Arts, entertainment, and recreation Accomodation and food services Other services Employment Finance and insurance Real estate, rental, and leasing Professional, scientific, and technical services Management of companies and enterprises Administrative, support, waste management and remediation Wholesale trade Retail trade Transportation and warehousing Information Finance and insurance Mining Utilities Construction Manufacturing -50.0 0.0 50.0 100.0 150.0 11/18/2011 9 Source: Employment Projections Program, U.S. Department of Labor, U.S. Bureau of Labor Statistics, 2011. 10. U.S.IndustryEmployment&OutputForecast PercentChange,20082018 Religious, grantmaking, civic, professional organizatons Output Education services Health care and social assistance Arts, entertainment, and recreation Accomodation and food services Other services Employment Fi d i Real estate, rental, and leasing Professional, scientific, and technical services Management of companies and enterprises Administrative, support, waste management and remediation Wholesale trade Retail trade Transportation and warehousing Information Finance and insurance Mining Utilities Construction Manufacturing -50.0 0.0 50.0 100.0 150.0 11/18/2011 10 Source: Employment Projections Program, U.S. Department of Labor, U.S. Bureau of Labor Statistics, 2011. 11. U.S.IndustryTrends ForecastedAnnualRateofChange,20082018 Industry Description Pct. Of Total Emp. (2008) Employment Wages Output SOI Region U.S. Mining 0.1 0.6 -1.6 0.4 -0.2 Utilities 0.6 0.4 -1.1 0.9 0.9 Construction 5.3 7.7 1.7 1.4 2.9 Manufacturing 16.8 9.5 -0.9 -0.2 2.1 Wholesale trade 4.1 4.3 0.4 0.8 5.3 Retail trade 11.7 12.7 0.4 1.0 4.2 Transportation and warehousing 3.3 3.8 0.9 1.1 2.9 Information 1.2 2.4 0.4 1.0 5.4 Finance and insurance 3.4 5.6 0.5 1.1 9.3 Real estate, rental, and leasing 3.2 5.2 1.1 2.0 2.5 Professional, scientific, and technical services 3.5 7.9 3.0 2.1 3.2 Management of companies and enterprises 0.4 1.3 0.5 1.3 4.3 Ad i i t ti t t t d di ti 6 7 7 2 1 6 1 7 3 5Administrative, support, waste management and remediation 6.7 7.2 1.6 1.7 3.5 Education services 1.5 2.5 2.4 2.7 1.7 Health care and social assistance 11.8 11.8 2.3 2.0 3.6 Arts, entertainment, and recreation 2.0 2.4 1.4 1.7 1.9 Accommodation and food services 7 1 8 0 0 7 1 6 1 6Accommodation and food services 7.1 8.0 0.7 1.6 1.6 Other services 6.2 6.8 1.2 1.8 1.5 Data Sources: U.S. Bureau of Labor Statistics; Woods & Poole Economics, Inc., 2011. 11/18/2011 11 12. GrossRegionalProduct StateofIngenuityRegion $40,000,000,000 Actual $35,000,000,000 Forecast $30,000,000,000 $25,000,000,000 $20,000,000,000 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 000 001 002 003 004 005 006 007 008 009 010 011 012 013 014 015 016 017 018 019 020 11/18/2011 12 Note: Figures are in constant (2005) dollars. Data Sources: Woods & Poole Economics, Inc., 2011. 13. Industrial & Occupational ClustersIndustrial&OccupationalClusters 11/18/2011 13 14. IndustryConcentrations 0.60 StateofIngenuityRegion EmploymentChange 20012009 0.40 Glass&Ceramics Business& 2009) 10.0%ormore 5.0%to9.9% 0.1%to4.9% NoChange 0 1% t 4 9% eIncrease 20012009 Arts,Entertainment, Recreation&VisitorIndustries 0.20 Education& Knowledge Creation FinancialServices Forest&WoodProducts Transportation&Logistics b d h l Defense&Security inL.Q.(2001-2 0.1%to4.9% 5.0%to9.9% 10.0%ormore Decrease Mi i 0 20 0.00 Advanced Materials Chemicals&ChemicalbasedProductsPrinting&Publishing Agribusiness,FoodProcessing&Technology InformationTechnology &Telecommunications Changei Mining Apparel& Textiles Manufacturing Supercluster 0.40 0.20 Energy(Fossil& Renewable) Data Source: U.S. Bureau of Labor Statistics, Quarterly Census of Employment and Wages (QCEW) and the Purdue Center for Regional Development (cluster definitions), 2011. Supe c uste Biomedical/ Biotechnical 11/18/2011 14 0.00 0.50 1.00 1.50 2.00 2.50 3.00 Location Quotient (2009) 15. ManufacturingConcentrations 0.40 StateofIngenuityRegion 0 00 0.20 Computer&Electronic ProductMfg. 9) -0.20 0.00 PrimaryMetalsMfg. ElectricalEquipment,Appliance &ComponentMfg. F b i d M l L.Q.(2001-2009 Employment Change -0.40 Transportation EquipmentMfg. MachineryMfg. FabricatedMetal ProductsMfg. ChangeinL 10.0%ormore 5.0%to9.9% 0.1%to4.9% No Change Increase EmploymentChange 20012009 -0.80 -0.60 0 00 1 00 2 00 3 00 4 00 5 00 6 00 q p g Data Source: U.S. Bureau of Labor Statistics, Quarterly Census of Employment and Wages (QCEW) and the Purdue Center for Regional Development (cluster definitions), 2011. NoChange 0.1%to4.9% 5.0%to9.9% 10.0%ormore Decrease 11/18/2011 15 0.00 1.00 2.00 3.00 4.00 5.00 6.00 Location Quotient (2009) 16. IndustryEmploymentConcentrations StateofIngenuityRegion IndustryClusterDescription LocationQuotient 2001 2009 Change(20012009) AdvancedMaterials 1.18 1.08 0.10 Agribusiness,FoodProcessing&Technology 1.01 1.04 0.03 Apparel&Textiles 0.26 0.26 0.01 Arts,Entertainment,Recreation&VisitorIndustries 0.53 0.59 0.06 Biomedical/Biotechnical(LifeSciences) 0.81 0.73 0.08 Business&FinancialServices 0.39 0.37 0.03 Chemicals & Chemical Based Products 1 55 1 32 0 22Chemicals&ChemicalBasedProducts 1.55 1.32 0.22 Defense&Security 0.25 0.29 0.04 Education&KnowledgeCreation 0.55 0.74 0.19 Energy(Fossil&Renewable) 0.46 0.40 0.06 Forest&WoodProducts 0.75 0.91 0.15 Glass & Ceramics 1.07 1.57 0.50Glass&Ceramics 1.07 1.57 0.50 InformationTechnology&Telecommunications 0.36 0.27 0.09 Transportation&Logistics 0.81 1.00 0.19 ManufacturingSupercluster 2.76 2.58 0.18 PrimaryMetalMfg 1.61 1.37 0.24 FabricatedMetalProductMfg 3.62 3.29 0.33g MachineryMfg 5.42 5.05 0.36 Computer&ElectronicProductMfg 0.66 0.75 0.10 ElectricalEquipment,Appliance&ComponentMfg 3.22 3.12 0.10 TransportationEquipmentMfg 2.28 1.77 0.51 Mining 0.17 0.21 0.03 Printing&Publishing 0.63 0.59 0.04 11/18/2011 16 DataSource:U.S.BureauofLaborStatistics,QuarterlyCensusofEmploymentandWages (QCEW)andthePurdueCenterforRegionalDevelopment(clusterdefinitions),2011. 17. ComponentsofIndustryGrowth StateofIngenuityRegion IndustryCluster Description NationalJobGrowth Component IndustryJobGrowth Component Competitive Job GrowthComponent AdvancedMaterials 168 4,546 6,952, , Agribusiness,FoodProcessing&T