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UPPER PENINSULA of Michigan

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Most Upper Peninsula Firms Have Fewer Than 50 Workers ... Declining real wages. Impact of recession softer than statewide. Higher employment growth rate ... – PowerPoint PPT presentation

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Title: UPPER PENINSULA of Michigan


1
UPPER PENINSULA of Michigan
An Economic Profile
Presented by MDCD Office of Labor Market
Information
2
Industry Profile
  • Upper Peninsula

3

Three Industries Account For 3 Out of 4 Upper
Peninsula Jobs
UP - 2001
4
More Government Less Services and Manufacturing
U.P. Michigan Government 30
15 Services 21 28 Retail Trade 20
19 Manufacturing 12 20 Fin, Insur, Real
Est 3 5 Wholesale Trade 3
5 Constr/Mining 7 4 Trans, Comm, Util
4 4
5
Most Upper Peninsula Firms Have Fewer Than 50
Workers
Percent Distribution
6
Small and Medium Firms Account For Significant
Share of U.P. Jobs
Percent Distribution
7
Over 18,000 Payroll Jobs Added During Ten Year
Period
8
Local Government Leads U.P. Job Expansion
Number of jobs (in thousands) added 1991 - 2001
9
2001 Recession Impacts Durable Goods
Manufacturing
10

Gain in U.P.s Service Sector Offsets
Goods-Producing Job Loss
First and Second Quarter 2002 vs. 2001
11
Upper Peninsula Economy Outperforms State in
First Half of 2002
First and Second Quarter 2002 vs. 2001
12
U.P. Employment Growth Outperforms State
UP employment growth
Number of jobs if UP grew at state rate
13

Average Weekly Wage
U.P. 2000
14
Upper Peninsula Real Wages Flat in 2001
Adjusted for inflation
15

Employment Gains Forecast In Most Upper Peninsula
Industries
Outlook 2008
16
Upper Peninsula Industry Highlights
  • Major industry sectors include government,
    services and trade
  • Relatively higher government employment, lower
    manufacturing employment
  • Small and medium firms provide the majority of
    employment
  • Recent job growth outperforms state
  • When adjusted for inflation, average weekly wage
    growth has been stagnant

17
Labor Force
Upper Peninsula
18
Upper Peninsula Labor Force Experiences Growth
19
Regional Employment Peaks in 2000
20
Employment Growth Fastest in Eastern U.P.
1991 2001 Percent Change
21
U.P. Unemployment Jumps to Highest Level Since
1997
22
Increase in U.P.s Unemployed Less Than Metro
Areas
First and Second Quarter 2002 vs. 2001
23
Sharp Rise in Michigan Unemployment Insurance
Claimants in 2001
March 2001 - Recession Begins
24
U. P. Trend Similar to Michigan
  • 2000 jobless rate in Upper Peninsula lowest in
    30 years
  • Local jobless rate consistently above state
    average

25
Unemployment Rates Continue to Rise in 2002
2000
2001
2002
  • Seasonal pattern evident in U.P. unemployment

26
Upper Peninsula Labor Force Highlights
  • Labor force expanding since 1991
  • Employment growth slower than statewide
  • Unemployment in Upper Peninsula more seasonal
    than state and nation
  • 2002 jobless rates are higher than 2001
  • Recent increase in unemployed persons less than
    all areas
  • Rate of increase in unemployment insurance
    claimants less than statewide

27
Population
Upper Peninsula
28
Over Half of Upper Peninsulas Residents Reside
in Central U.P.
2000 Census
29
Upper Peninsula Population Gains Marginal Despite
East U.P. Growth
2000 Census
30
Upper Peninsula Growth Rate Influenced by
Institutional Population
31
Median Age of U.P. Residents Well Above Michigan
2000 Census
32
Upper Peninsula Youth Population Shrinks
33
Working Age Population Growing Older in Upper
Peninsula
34
Upper Peninsula Population More Educated Since
1990
2000 Census
35
Fewer Upper Peninsula Residents With Advanced
Education
  • Smaller proportion of U.P. population with
    education beyond high school
  • Higher average age in U.P. than statewide
  • Smaller share of U.P. jobs require degree beyond
    high school

36
Upper Peninsula Population Highlights
  • Population growing slowly
  • May limit long term economic growth
  • Youth population shrinking
  • Aging population
  • More retirees, greater need for senior services
  • Population better educated since 1990

37
Upper Peninsula Summary
  • Ten-year job growth slower than statewide
  • Declining real wages
  • Impact of recession softer than statewide
  • Higher employment growth rate
  • Increase in unemployment insurance claimants less
  • Jobless rate higher, more seasonal than Mich.
  • Aging workforce and shrinking youth population

38
Office of Labor Market Information How to Obtain
Information
  • Website
  • www.michlmi.org
  • Detroit Labor Market Analysis Section
  • Telephone 313/456-3090
  • Regional Labor Market Analyst

39
Upper Peninsula Regional Analyst
  • Kathleen Salow
  • 1498 ODovero Drive, Marquette, MI 49855
  • Telephone 906/226-3669
  • Fax 906/226-2861
  • E-Mail ksalow_at_up.net

40
UPPER PENINSULA of Michigan
An Economic Profile
Presented by MDCD Office of Labor Market
Information
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