Salinas Re gional E c onomy Je re my Hill Saline County E - - PowerPoint PPT Presentation

Salina’s Re gional E c onomy

Je re my Hill

Saline County E mployme nt

Saline County E mployme nt

Summar y

• I

n 2015 Sa line Co unty a dde d a b o ut 550 jobs pe r month. I n 2016, the c o unty ha s lost 464 jobs sinc e Ja nua ry.

• Ma nufa c turing is a ke y drive r fo r the re g io na l e c o no my (17% o f

to ta l e mplo yme nt), ye t it ha s c ontinue d to de c line o ve r the la st 10 ye a rs.

• T

he He a lth c a re se c tor c o ntinue s to g ro w due to a n a g ing po pula tio n.

• Profe ssiona l a nd te c hnic a l se rvic e s pe a ke d in 2013 with o ve r

1,600 jo b s.

• Re ta il e mplo yme nt a c c o unte d fo r 14% o f the re g io na l e c o no my.

E mplo yme nt wa s up in 2015; ho we ve r, the se c to r ha s like ly she d

a fe w jobs due to re c e nt c o nditio ns.

L abor Mar ke t

L abor Mar ke t (YR- YR)

Summar y

• T

he la b o r ma rke t e xpa nde d in Sa line Co unty until July o f 2016, indic a ting a tig hte ning of the la bor ma rke t.

• Re c e nt da ta sug g e sts tha t the la b o r ma rke t is shrinking; ho we ve r,

the numb e r o f une mploye d ha s not inc re a se d.

• Volunta ry quits, suc h a s re tire me nt, c o uld e xpla in pa rt o f the

re c e nt tre nds.

Re tail Sale s

Summar y

• Altho ug h both e mployme nt a nd wa g e s impro ve d in 2015, re ta il

sa le s de c line d.

• Re ta il sa le s c o ntinue d to de c line in 2016, a s we a kne sse s within

the sta te a nd re g io n like ly e rode d c onfide nc e.

Population

Population

50 Years Annual Growth Saline 3.0% 0.1% Kansas 21.8% 0.4%

Source: CEDBR, Population forecast

Population

Population

• Sa line Co unty is a mong the fe w c ountie s within K

a nsa s to ha ve a n e xpe c te d g ro wth o ve r the ne xt 50 ye a rs.

• T

he youth po pula tio n is e xpe c te d to se e some g rowth in la te r ye a rs o f the fo re c a st.

• T

he c ore working - a g e po pula tio n is e xpe c te d to de c line, putting pre ssure o n po te ntia l lo ng -te rm g ro wth.

• T

he re tire d po pula tio n is e xpe c te d to fla tte n out o ve r the time ho rizo n. Co mpe titio n within the he a lth c a re se c to r in la rg e r me tro a re a s is like ly the re a so n why this se c to r is no t e xpa nding a s fa st a t the Sta te a ve ra g e .