Overview
The City Overview report is designed to provide comprehensive insights into specific cities, helping users understand key labor market dynamics and plan accordingly. This report aggregates crucial data points such as employment trends, industry performance, workforce characteristics, and more. For data not available at the city level, a county-level roll-up provides additional insights. (Click here for city data methodology).
To run a City Overview report, navigate to the 'Reports' section on the platform and select 'City Overview' from the list of available reports. You must then select one city to analyze. You can start typing the city name to see autofill recommendations. For areas where city-level data might not be available, the report includes a county-level roll-up that covers. To add the county-level data, select one or more county data points (Labor Force Breakdown, Education Attainment, Unemployment Demographics, or Inbound Outbound Migrations).
Note: Our dataset may not cover every city comprehensively, which helps us ensure the data we provide is more accurate and refined. If you search for smaller cities, you might encounter a message stating that data for those cities is not available.
Entering the Report
The report immediately generates and displays key metrics at the top, starting with Total Regional Employment, which shows the current employment figures, historical growth over the past five years, and projected growth for the next five years. Adjacent to this, the Regional Salary section provides the average salary across different sectors within the city, along with the year-over-year growth rate.
Takeaways
Users can view the Job Increase Percentage and Numbers section. This part of the report offers a dual view of employment changes: the historical data showcases the percentage and actual number of job increases over the past five years, providing a clear picture of recent employment trends. The top 3 Industries section presents a comprehensive analysis of the top-performing industries within the city based on employment and growth metrics.
Historic & Projected Trends
When accessing the Historic & Projected Trends section of the report, users first encounter a detailed visual representation and analysis of job growth trends in the selected city. The report illustrates job increases from 2018 to 2023 against the national growth rate and the growth within the state for comparative analysis. This historical data provides a foundational understanding of how the city's job market has evolved relative to broader trends.
Adjacent to this historical overview, the projections segment of the report offers forecasts for the expected job increases over the next five years (2023-2028). This future-oriented data provides crucial insights into anticipated employment trends and market growth potentials, both within the city and in comparison to statewide trends.
Industry Characteristics
The Industry Characteristics section delves deeper into the specific traits and dynamics of the leading industries within the city. This comprehensive analysis provides users with nuanced insights into each industry, focusing on several key metrics: Jobs, Growth, Employment Concentration, and Earnings. This section of the report is visually represented through a bar graph, where each bar indicates the number of jobs in each industry, providing a clear, comparative view of local industry strengths and potential areas for economic development.
Business Characteristics
The Business Characteristics section provides an in-depth look at the business environment within the city, specifically highlighting the dynamics of companies that contribute to the local economy. This segment focuses on the number of businesses, their distribution across different sectors, and profiles of top employers based on their activity in the job market.
Workforce Characteristics
The Workforce Characteristics section provides a detailed analysis of the composition and structure of the city's workforce. This segment is essential for understanding the employment landscape within the city and is depicted in a bar graph that ranks various occupations by the number of jobs, comparing these figures against national averages.
In-Demand Skills
The In-Demand Skills section provides critical insights into the skills most sought-after in the city's job market. This segment is particularly useful for job seekers, educators, and employers, as it aids in aligning training initiatives with market demand and helps workers target skill acquisition to improve employability.
County-Level Roll-Up for Unavailable City Data
Note: When city-level data is incomplete or unavailable, the County-Level Roll-Up section steps in to provide comprehensive insights at the county level, ensuring users still receive crucial data on workforce and demographic trends.
This section provides a broader perspective on the factors influencing the local economy through the county view, enriching the report.
Labor Force Breakdown
This component of the roll-up provides a detailed view of the labor force's composition within the county, covering employment statistics by industry and occupational groups. This data helps to fill the gaps left by unavailable city-level information, offering a wider lens on the area's economic activities and workforce distribution.
Educational Attainment
This section details the highest levels of education achieved by the workforce, providing an overview of the county's educational landscape. Information on educational attainment is essential for employers, policymakers, and educational institutions aiming to align educational offerings with market needs and to foster a skilled workforce.
Inbound/Outbound Migration
The migration analysis offers insights into the movement of people into and out of the county. Understanding these patterns is vital for gauging changes in the labor market, anticipating economic shifts, and planning for future growth or contraction in workforce numbers. Migration trends can significantly impact local businesses and the overall economic health of the region.
Migration significantly shapes a region's economic landscape, impacting the labor market, consumer demographics, and cultural dynamics. Relocations bring changes in skills, demands, and cultural influences, influencing local business operations and economic strategies.
Conclusion
Accessing the Report: Navigate to the 'Reports' section on the platform and select 'City Overview' from the list of available reports.
Selecting a City: Choose the city you are interested in from the drop-down menu to generate the report.
Exporting Data: Data from the report can be exported for further analysis or presentation purposes by clicking on the 'Export' button at the top right of the report page.
Interpreting Data: Each section of the report is accompanied by visual aids such as graphs and charts, making it easier to interpret complex data at a glance.
The "City Overview" report is an essential tool for anyone needing detailed insights into specific city labor markets. By providing both historical data and future projections, the report serves as a robust resource for strategic planning and economic analysis.