Tama County Laborshed Summary 2011

Page 1

TAMA COUNTY, IOWA

LABORSHED ANALYSIS

A STUDY OF WORKFORCE CHARACTERISTICS RELEASED DECEMBER 2011

1007 Prospect Drive PO Box 22 | Toledo, Iowa 52342 | 641.484.3108 | info@tamacountyiowa.org

Tama Co

Economic Development Laborshed December 2011


Laborshed Studies A Laborshed is defined as the area or region from which an employment center draws its commuting workers. To determine the approximate boundaries of the Tama County Laborshed area, local employers supplied the ZIP code listings of where each of their employees reside. This Laborshed analysis addresses underemployment, the availability and willingness of current and prospective employees to change employment within the workforce, current and desired occupations, wages, hours worked, and distance willing to commute to work. See contact information on back.

Quick Facts

Employment Status Unemployed 9.9% Homemakers 4.9%

Employed 70.4%

Retired 14.8%

Total Potential Labor Force: 109,427 (entire Laborshed Area) Estimated Number of Individuals Very Likely or Somewhat Likely to Change or Accept Employment (16,936)    

14,035 Employed 913 Unemployed 902 Homemakers, Not Employed 1,086 Retired

Underemployment

(Employed ‐ willing to change employment)  20.5% are working multiple jobs  Currently working an average of 42 hours per week  Average age is 46 years old  27.6% currently working within both the professional, paraprofessional, & technical and production, construction, & material handling occupational categories followed by 15.8% within the clerical occupational category  Most frequently identified job search sources:  Internet www.monster.com www.iowaworkforce.org www.careerbuilder.com  Local/Regional newspapers The Des Moines Register The Gazette ‐ Cedar Rapids Waterloo‐Cedar Falls Courier  Local Iowa Workforce Development Centers  Networking through friends, family, and acquaintances

The underemployed are composed of individuals who are working fewer than 35 hours per week but desire more hours; who are working at wages equal to or less than the national poverty level; and/or who are working in positions that do not meet their skill or education levels, or worked for higher wages at previous employment.    

2.2% Inadequate hours (309 people) 6.2% Mismatch of skills (870 people) 0.2% Low income (28 people) 6.9% Total estimated underemployment (968 people)

Individuals may be underemployed for more than one reason, but are counted only once for total estimated underemployment.

Industrial Classification of the Employed Indus try Hea l thca re & Soci a l Servi ces Ma nufa cturi ng Educa ti on Pers ona l Servi ces Whol es a l e & Reta i l Tra de Publ i c Admi ni s tra ti on & Government Profes s i ona l Servi ces Tra ns porta ti on, Communi ca ti on, & Uti l i ti es Enterta i nment & Recrea ti on Fi na nce, Ins ura nce, & Rea l Es ta te Agri cul ture Cons tructi on

% of La bors hed

# of Empl oyed

17.8% 17.8% 15.0% 8.7% 8.7% 6.7% 5.9% 5.5% 4.7% 4.3% 2.8% 2.1%

13,713 13,713 11,555 6,702 6,702 5,161 4,545 4,237 3,621 3,313 2,157 1,618

% Empl oyed 75.0% 68.2% 71.7% 71.0% 55.0% 70.8% 68.2% 66.7% 85.7% 91.7% 87.5% 71.4%

% Wi l l i ng to Cha nge Empl oyment 20.0% 40.0% 7.9% 22.7% 50.0% 23.5% 33.3% 14.3% 83.3% 27.3% 0.0% 0.0%

% Unempl oyed

Survey respondents from the Tama County Laborshed area were asked to identify the industry in which they are currently working. The largest concentration of workers are employed in the manufacturing industry.

10.0% 13.6% 1.9% 3.2% 20.0% 0.0% 13.6% 9.5% 7.1% 0.0% 12.5% 14.3%


Tama County Laborshed Area Area Shown

WRIGHT

CLAYTON

FAYETTE

BREMER FRANKLIN

10 Mile Radius Between Rings

BUTLER

Cedar Falls

t u 65

t u

BLACK HAWK

20

DELAWARE

BUCHANAN

Waterloo

Waterloo GRUNDY

Grundy Center

HARDIN

HAMILTON

Hudson

¦ ¨ §

Eldora

¦ ¨ §

Those who are willing to change/accept employment in the Tama County Laborshed area are willing to commute an average of 25 miles one way for employment opportunities.

Buckingham

Beaman Lincoln

Vinton

Liscomb

35

Gladbrook

Dysart

Traer

t u 63

Albion

Clutier

Garwin MARSHALL

State Center Montour Haverhill Gilman

Keystone Van Horne

Toledo

Le Grand

Melbourne

Elberon

_ [ _ [

t u 30

Vining

Tama

Chelsea Belle Plaine

Laurel

t u 330

Kellogg

POLK

6

¦ ¨ § 80

POWESHIEK

by Place of Residence (per ZIP Code)

Tama & Toledo Interstates

Brooklyn

Grinnell

JASPER

Commuter Concentration

Legend

_ t u[

Malcom

Newton

LINN

BENTON

TAMA

Marshalltown STORY

The map at the left represents commuting patterns into Tama & Toledo with the concentration per ZIP code represented in the legend.

380

Reinbeck Conrad

OONE

Commuting Statistics

JOHNSON

IOWA

4-Lane Highways US Highways

Montezuma

Zone 3 (1 - 15)

State Highways

Zone 2 (16 - 235) WARREN 1 (236 - 903) Zone

WASHINGTON Iowa County

KEOKUK

MAHASKA

MARION

t u t u Benefits Currently Offered 163

Health/Medical Pension/Retirement Dental Coverage Paid Vacation Vision Coverage Life Insurance Disability Insurance Paid Sick Leave Paid Holidays

92.7%

61.5% 47.7% 40.4% 31.7%29.8% 22.9% 22.9% 14.7%

The survey provides the respondents an opportunity to identify employment benefits they currently are offered. The chart at left provides the percentage of responses from those that are currently employed. The top nine benefits are shown. The majority (74.6%) of respondents state they are currently sharing the cost of health/medical insurance premiums with their employer. However, 13.4 percent indicate their employer pays the entire cost of insurance premiums.

Education and Median Wage Characteristics by Industry Educa ti on

Medi a n Wa ges

Indus try

Some Level Beyond Hi gh School

As s oci a te Degree

Undergra dua te Degree or Hi gher

Agri cul ture Cons tructi on Ma nufa cturi ng Tra ns porta ti on, Communi ca ti on, & Uti l i ti es Whol es a l e & Reta i l Tra de Fi na nce, Ins ura nce, & Rea l Es ta te Hea l thca re & Soci a l Servi ces Pers ona l Servi ces Enterta i nment & Recrea ti on Profes s i ona l Servi ces Publ i c Admi ni s tra ti on & Government Educa ti on

* 71.4% 62.1% 71.4% 57.5% 75.0% 83.3% 74.2% 64.3% 72.7% 75.0% 88.7%

* 14.3% 13.6% 19.0% 10.0% 25.0% 16.7% 12.9% 14.3% 4.5% 16.7% 7.5%

* 14.3% 18.2% 23.8% 15.0% 8.3% 31.7% 16.1% 21.4% 40.9% 45.9% 73.6%

This table includes all respo ndents witho ut co nsideratio n o f emplo yment status o r willingness to change/enter emplo yment. *Insufficient survey data/refused

Sa l a ry Wa ges Non‐Sa l a ry (per yea r) Wa ges (per hour) * * $67,500 $39,000 $40,000 $51,000 $46,500 $48,000 $47,650 $37,000 $62,000 $46,000

* * $14.70 $16.75 $9.98 $15.15 $15.37 $10.50 $10.50 $11.33 $16.74 $12.00




Sponsored in Partnership with

Sac and Fox Tribe of the Mississippi in Iowa

For more information regarding the Tama County Laborshed Analysis, contact: Tama County Economic Development Commission 1007 Prospect Drive, PO Box 22 Toledo, IA 52342 Phone: 641-484-3108 Fax: 641-484-5127 E-mail: info@tamacountyiowa.org www.tamacountyiowa.org This information is analyzed and compiled by the Iowa Workforce Development Labor Market & Workforce Information Division Regional Research & Analysis Bureau 1000 E. Grand Avenue, Des Moines, Iowa 50319 (515) 281‐7505 www.iowaworkforce.org

10.0% Walk-In (Door-to-Door) Solicitation

13.3% Regional Newspapers

26.7%

Networking

36.7%



Local IWD Offices



36.7%



Local Newspapers



Internet



An estimated 913 unemployed individuals are willing to accept employment Average age is 46 years old 60.0% are female; 40.0% are male Education:  76.7% have an education beyond high school  3.3% have vocational training  10.0% are trade certified  13.3% have an associate degree  10.0% have an undergraduate degree  3.3% have a postgraduate/professional degree Estimated wage range to attract the upper 66‐75% qualified hourly wage applicants is $10.16 to $12.00/hr. with a median of the lowest wage of $10.00 Willing to commute an average of 22 miles one way for the right opportunity 76.7% expressed interest in temporary and 60.0% in seasonal employment opportunities 53.3% expressed interest in working varied shifts (2nd, 3rd & split) Would prefer to enter employment that offers the following benefits:  Health/medical insurance ‐ 79.2%  Dental coverage ‐ 45.8%  Paid vacation ‐ 37.5%  Vision coverage ‐ 33.3%  Life insurance ‐ 25.0%  Paid sick leave ‐ 25.0%  Pension/retirement options ‐ 25.0%  Disability insurance ‐ 8.3%  Paid holidays ‐ 8.3%  Prescription drug coverage ‐ 8.3%  Paid time off ‐ 4.2% 68.4% indicated they are seeking employment offers where the employer/employee share the cost of medical insurance premiums.

Unemployed Job Search Sources



73.3%

Unemployed ‐ Those Willing to Enter/Re‐enter Employment


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