Kenai Peninsula : The Borough Awakens

Transcription

1 Kenai Peninsula : The Borough Awakens or does it hit the snooze button for another 5 minutes? Brought to you by: Alyssa Rodrigues Economist

2 KPB Growth Continues to outpace State Percent job growth 16.5% Kenai Peninsula Alaska 7.0% 6.5% 6.3% 5.2% 3.3% 2.0% 1.8% 1.4% 1.1% 1.5% 1.0% The 1960's The 1970's The 1980's The 1990's The 2000's The 2010's Source: Alaska Department of Labor and Workforce Development, Research and Analysis Section

3 But KPB and Alaska Are Similar 100% Transportation Manufacturing 80% Government 60% Oil 40% Remainder 20% 0% Kenai Peninsula Alaska Employment by sector, 2013

4 Statewide Employment Forecast 2% 2% Percent job growth 1.8% 1.6% 1.4% 1.3% 1.7% 1.5% 1% 0.9% 1% 0.4% 0.5% 0.5% 0% -1% -1% * % -0.7%

5 Kenai: From growth to decline? 4% 4% 3% 3% Percent job growth 3.0% 3.7% 2% 2% 1% 1% 0% -1% -1% 1.7% 1.5% 1.5% 1.4% 1.4% 1.1% 0.8% 0.7% 0.3% 0.2% * -0.3% -0.4%

6 KPB industry Growth Employment growth by industry, 1 st 3 quarters of 2015 vs 2014 Leisure & Hospitality Retail Trade Manufacturing Professional & Technical Federal Gov State Gov Health care Local Gov Oil & Gas Construction Total (10) (20) (20) (50) (60) (80)

7 Most Common occupations in KPB

8 Most Common occupations in KPB Retail Salespersons Teachers Personal Care Aides Cashiers Construction Laborers Operating Engineers & Other Cons. Registered Nurses Managers Food Prep & Serving (Inc. Fast Food) Food Prep Workers Number of workers, 2014 Source: Alaska Department of Labor and Workforce Development, Research and Analysis Section 357

9 KPB Still Below the State, but Still Growing North Slope Borough Northwest Arctic Borough Anchorage Municipality Alaska Valdez-Cordova Census Area Juneau Borough Fairbanks North Star Borough Kenai Peninsula Borough Kodiak Island Borough Bristol Bay Borough Kusilvak Census Area Average annual earnings per job, 2014 $100,580 $63,051 $55,322 $52,850 $50,628 $49,761 $49,161 $46,780 $43,848 $700 more than last $42,690 Surpassed Inflation $25,134 Source: Alaska Department of Labor and Workforce Development, Research and Analysis Section

10 Fisheries Earnings Poundage Fall Kenai Peninsula Borough fishery statistics 200,000,000 Millions of pounds Millions of dollars $200,000, ,000,000 $150,000, ,000,000 $100,000,000 50,000,000 $50,000, Source: Commercial Fisheries Entry Commission $0

11 Workers vs. Wages Nonresident seafood processing statewide Percent nonresident 80.0% 70.0% Employment Wages 60.0% 50.0% 40.0% 30.0% 20.0% 10.0% 0.0% Kenai Source: Alaska Department of Labor and Workforce Development, Research and Analysis Section

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13 Residency by Borough and Census Area Local, non-local, and non-resident employment levels by borough and census area, 2013 North Slope Borough Bristol Bay Borough Aleutians East Borough Denali Borough Valdez-Cordova Census Area Ketchikan Gateway Borough Kodiak Island Borough Juneau, City and Borough of Kenai Peninsula Borough 20, Anchorage, Municipality of Fairbanks North Star Borough Source: Alaska Department of Labor and Workforce Development, Research and Analysis Section 0% 20% 40% 60% 80% 100% Local Non-Local Non-Resident

14 Top industries for Nonresident Workers in Kenai Peninsula Borough Number of nonresident workers by industry, 2013 Accomodation and Food Services 1,356 Manufacturing 1,265 Mining 668 Transportation and Warehousing Retail Trade Construction Health Care and Social Services Administrative Support/Waste Management and Remediation Professional, Scientific and Technical Services Local Government 195 Source: Alaska Department of Labor and Workforce Development, Research and Analysis Section

15 Top industries for Nonresident Wages in Kenai Peninsula Borough Total nonresident wages by industry, 2013 Mining $42,969,619 Manufacturing Construction Accomodation and Food Services Transportation and Warehousing Prof, Sci & Tech Services Health Care and Social Services Retail Trade Local Government Admin Support/Waste Mgmt. $13,089,825 $11,514,622 $10,855,272 $8,794,125 $7,497,460 $6,840,734 $4,900,671 $4,786,733 $4,113,895 Source: Alaska Department of Labor and Workforce Development, Research and Analysis Section

16 Nonresident Workers and Wages by Ownership Percent nonresident by ownership in Kenai Peninsula Borough, % 15.6% 5.3% 5.2% 2.9% 3.1% State Government Local Government Private Sector Employment Wages Source: Alaska Department of Labor and Workforce Development, Research and Analysis Section

17 Nonresident Workers by Ownership Nonresident employment by ownership in Kenai Peninsula Borough, 2013 Jobs 8,000 6,000 5,903 4,000 2, State Government Local Government Private Sector Source: Alaska Department of Labor and Workforce Development, Research and Analysis Section

18 Nonresident Wages by Ownership Total nonresident wages by ownership in Kenai Peninsula Borough, 2013 Wages $120,000,000 $113,600,000 $80,000,000 $40,000,000 $- $1,800,000 $4,800,000 State Government Local Government Private Sector Source: Alaska Department of Labor and Workforce Development, Research and Analysis Section

19 Occupations that made kessel run in less than 12 parsecs

20 Alaska s Fastest Growing Occupations Percent growth by occupation, Assemblers Mixing Machine 35.3% 34.9% Dental Lab Tech Ophthalmic Med Tech Opticians Funeral Attendants Medical Scientists Pile-Driver Operators Chiropractors Nurse Midwives Optometrists Mining Roof Bolter Dental Hygienists Source: Alaska Department of Labor and Workforce Development, Research and Analysis Section 31.8% 30.4% 29.7% 29.4% 28.6% 28.6% 28.4% 28.3% 28.1% 28.1% 27.8% Construction and Health Care

21 Fastest Growing Occupations Requiring a BA or Higher Projected percent growth Physician Assistants Family Practitioners Physical Therapists Mental Health Coun. Medical Managers 25.5% 24.1% 23.0% 21.2% 19.8% Petro Engineers Enviro Scientists Captains & Mates Admin Managers Geoscientists 15.4% 15.4% 15.3% 14.6% 14.5% Source: Alaska Department of Labor and Workforce Development, Research and Analysis Section

22 Fastest Growing Occupations Requiring an AA, Postsecondary or voc. Training Projected percent of total openings, Dental Hygienists 27.8% Med & Clinical Lab Techs Radiologic Technicians Registered Nurses (2yr) Geological & Petro. Tech 23.1% 22.2% 20.0% 18.0% 1st Line Spvrs of Prod Workers Aircraft Mech. & Serv. Tech 8.7% 7.4% Air Traffic Controllers 0.9% Source: Alaska Department of Labor and Workforce Development, Research and Analysis Section

23 Job openings change by education level

24 Openings by Education Level * and Wages Doctoral or professsional degree 1.4% $111,481 Associate degree 4.0% $69,785 Some college, no degree 2.3% $39,836 Less than high school 38.0% $29,221 High school diploma or equivalent 34.5% $48,455 Master's degree 1.7% $72,113 Bachelor's degree 13.8% $83,568 *See notes on education versus training Source: Alaska Department of Labor and Workforce Development, Research and Analysis Section Postsecondary nondegree award 4.3% $51,060

25 Housing Least Expensive in Fairbanks Avg home price first half of 2015 Anchorage Juneau Alaska Mat-Su Kenai Fairbanks $370,682 $354,386 $317,751 $275,230 $265,912 $239,413 Source: State of Alaska Department of Labor and Workforce Development, Research and Analysis Section

26 Most Affordable Homes in FBK Housing affordability index, first half of Fairbanks Kenai Mat-Su Juneau Anchorage Statewide Source: Alaska Department of Labor and Workforce Development, Research and Analysis Section

27 Construction Costs in AK vs Seattle Suppliers Cost of average market basket in selected locations purchase in community vs shipped from Seattle, 2014 Nome Bethel Barrow Wasilla Kodiak Kenai Fairbanks Anchorage Seattle Suppliers + Shipping Alaskan Suppliers Source: State of Alaska Department of Labor and Workforce Development, Research and Analysis Section

28 These measures don t consider quality

29 Population Growth Slows Annual population growth and Fairbanks -0.1% 0.21% Kenai Peninsula Borough 0.6% 0.80% Alaska Southeast -0.2% 0.0% 0.72% 0.71% Northern 1.0% 0.95% Anchorage -0.5% 0.46% Mat-Su 1.8% 2.25%

30 District Graduation Rates Rising Graduation Rates by school year, % Five Year Average Graduation Rate: 86.3% (584 graduates) 81.41% 80% 79.18% 78.40% 75% 72.79% 72.66% 70% 65% Source: Alaska Department of Education and Early Development

31 Alyssa Rodrigues Economist Research and Analysis laborstats.alaska.gov

32 Costs around Alaska Cost of Various necessities in selected locations, March 2013 $5 $250 $4 $3.62 $4.15 $4.13 $ $ $200 $3 $3.06 $150 $2 $100 $1 $50 $- Heating Oil Gasoline Propane Lumber Food Electricity $0 Fairbanks Kenai-Soldotna Anchorage Source: UAF Extension Service

33 Some College, No Degree Number and percent of people aged 25+ who have some college, but no degree, , % 28.8% 31.1% 5,826 5,724 Total Male Female Source: U.S. Census Bureau