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LABOR FORCE Measuring labor utilization is important in that labor is a productive input to vibrant economies which cannot be stored. As well, productive labor determines income and for many people, labor is the only income source. In this section, the region’s workforce will be explored for its composition and performance using both well known metrics such as participation rates as well as a newer measure of underemployment. KEY HIGHLIGHTS • Labor force participation rates are higher than the national average. • High levels of underemployment. • About half of Montgomery County residents leave the county for work—a large untapped segment of Montgomery County’s workforce include transportation and material moving jobs along with those working in manufacturing elsewhere. • Montgomery County is a great location for teachers, while healthcare and business professionals seek work elsewhere. The labor force is composed of those people age 16 and over in the civilian non-institutionalized population, including those classified as unemployed. Understanding labor force composition, particularly in terms of skills availability, provides some indications of an economy’s dynamism. For example, some economists project lower rates of economic growth in the coming years driven largely by the slowing growth of the labor force. Nationwide, slowing labor force growth may be due to several factors, including but not limited to the following: • Demographic shifts—increases or decreases in retirees or youth • Discouraged workers who have dropped out due to a lack of job prospects • People who stay in school longer or return to school • Disengaged young adults 18 COMPREHENSIVE LABOR ANALYSIS: CLARKSVILLE-MONTGOMERY COUNTY
Below are the labor force figures pertaining to Montgomery County. 39+2+K 41+36+K 77+23+H FIGURE 10: 2016 Labor Force Breakdown: Montgomery County 197,290 Population POPULATION Total Working Age Population 151,720 Labor Force 80,453 Employed 76,276 Unemployed 4,177 Not in Labor Force (15+) 71,267 Under 15 45,571 The larger 10-county region boasts nearly 216,000 residents in the labor force. More than one-third of this labor force lives in Montgomery County and over one-quarter resides in Clarksville alone. Clarksville is the population center of Montgomery County, as 77% of its population resides there. It also supplies 74% of its labor force. It makes sense, therefore, that Clarksville and Montgomery County trends closely follow each other—both grew over 2.5% over the past five years, or at an annual rate of 0.5% (see Table 5). TABLE 5: Labor Force Trends, 2011-2016 LABOR FORCE COMPOUND ANNUAL GROWTH RATE STRAIGHT GROWTH RATE 2011 2016 (2011-2016) Clarksville 57,584 59,075 0.5% 2.6% Montgomery County 77,267 79,415 0.5% 2.8% 10-county 216,422 215,998 0.0% -0.2% Source: Emsi Dataset 2017.3 using U.S. Bureau of Labor Statistics, LAUS program Six of the ten counties experienced declines. Labor force growth in the greater 10-county region was flat. Montgomery County showed the strongest labor force growth of the 10 counties, adding over 2,100 people to its available labor force over the past five years. A slowing growth in the labor force is a trend confronting employers across the country. Labor Force 19
Page 1 and 2: COMPREHENSIVE LABOR ANALYSIS Clarks
Page 3 and 4: 61 INDUSTRY CLUSTER AND SUPPLY CHAI
Page 5 and 6: INTRODUCTION Over the past five yea
Page 7 and 8: DEMOGRAPHIC PROFILE The City of Cla
Page 9 and 10: The map below illustrates total mig
Page 11 and 12: TABLE 2: Generation Breakdown, 10-c
Page 13 and 14: INCOME Income is generally used as
Page 15 and 16: POVERTY Poverty rates are one measu
Page 17: STAKEHOLDER THEMES In August and Se
Page 21 and 22: FIGURE 11: Labor Force Participatio
Page 23 and 24: COMMUTING PATTERNS Commuting patter
Page 25 and 26: TABLE 6: Where Residents from Montg
Page 27 and 28: sector. Figure 16 above shows resid
Page 29 and 30: public transportation, broadband av
Page 31 and 32: TABLE 7: Job Performance 2011 2016
Page 33 and 34: FIGURE 19: Montgomery County Indust
Page 35 and 36: TABLE 8: Number of Payrolled Busine
Page 37 and 38: TABLE 9: Occupation Groups with Mos
Page 39 and 40: REAL-TIME DATA KEY HIGHLIGHTS Suppl
Page 41 and 42: COMPENSATION KEY HIGHLIGHTS • Ave
Page 43 and 44: STAKEHOLDER THEMES • 50% of respo
Page 45 and 46: The May 2017 Soldier For Life Surve
Page 47 and 48: TABLE 12: MOC to SOC Crosswalk for
Page 49 and 50: MOC SOC CODE SOC TITLE JOBS ANNUAL
Page 51 and 52: MOC SOC CODE SOC TITLE JOBS ANNUAL
Page 53 and 54: • Military spouses most likely ma
Page 55 and 56: FIGURE 27: Higher Education Institu
Page 57 and 58: MEETING THE NEEDS OF INDUSTRY Some
Page 59 and 60: SOC CODE SOC DESCRIPTION 2016 JOBS
Page 61 and 62: INDUSTRY CLUSTER AND SUPPLY CHAIN A
Page 63 and 64: INDUSTRY CLUSTERS Industry clusters
Page 65 and 66: SUPPLY CHAIN ANALYSIS Supply chain
Page 67 and 68: TABLE 18: Purchases of Services by
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PEER REGION ANALYSIS Clarksville is
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TABLE 20: Duo Peer Regions, MSAs, M
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TABLE 22: Individual Peer Regions,
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RECOMMENDATIONS INCREASE COMMUNICAT
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• Encourage engineering internshi
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• Numerous golf courses in the ar
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economic development professionals
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APPENDIX II: INVESTMENT IN CLARKSVI
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2) Is your firm in one of the follo
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• Friendly people • Good Locati
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• Seems like a good effort to rec
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• some bad areas of congestion
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MOC SOC CODE SOC TITLE JOBS Infantr
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MOC SOC CODE SOC TITLE JOBS Logisti
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MOC SOC CODE SOC TITLE JOBS Field A
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MOC SOC CODE SOC TITLE JOBS Medical
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MOC SOC CODE SOC TITLE JOBS Supply
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MOC SOC CODE SOC TITLE JOBS Signal/
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MOC SOC CODE SOC TITLE JOBS Militar
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MOC SOC CODE SOC TITLE JOBS Electro
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MOC SOC CODE SOC TITLE JOBS Armor I
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MOC SOC CODE SOC TITLE JOBS Intelli
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