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Oklahoma Department of Career and Technology Education Oklahoma Department of Career and Technology Education Information Commons / Research August 2012 Metro Technology Center Economic Overview Report Economic Modeling Specialists, Inc. | www.economicmodeling.com Region Info Name: Metro Technology Center County Areas: Oklahoma, Oklahoma (40109) Metro Technology Center Population (2011) 730,090 Jobs (2011) 539,771 Average Earnings (2011) $50,050 Unemployed (2/2012) 20,672 Completions (2010) 12,388 GRP (2011) $41,386,855,056 Exports (2011) $72,698,600,435 Imports (2011) $45,876,219,885 Economic Modeling Specialists, Inc. | www.economicmodeling.com 1 Metro Technology Center | Population 730,090 5.7% 2011 Population Population Growth for the Last 5 Years 19.2% of State National Growth 4.7% 2011 % of Age Group Population Population Under 5 years 54,150 7.4% 5 to 9 years 50,543 6.9% 10 to 14 years 47,596 6.5% 15 to 19 years 46,300 6.3% 20 to 24 years 56,054 7.7% 25 to 29 years 59,557 8.2% 30 to 34 years 52,937 7.3% 35 to 39 years 45,764 6.3% 40 to 44 years 44,285 6.1% 45 to 49 years 47,333 6.5% 50 to 54 years 50,978 7.0% 55 to 59 years 45,747 6.3% 60 to 64 years 38,971 5.3% 65 to 69 years 27,503 3.8% 70 to 74 years 20,370 2.8% 75 to 79 years 16,659 2.3% 80 to 84 years 13,089 1.8% 85 years and over 12,253 1.7% Economic Modeling Specialists, Inc. | www.economicmodeling.com 2 Metro Technology Center | Jobs by Industry 539,771 52.9% 47.1% Total Jobs (2011) Male Female (National: 52.1%) (National: 47.9%) NAICS Industry 2011 Jobs 11 Agriculture, Forestry, Fishing and Hunting 1,523 21 Mining, Quarrying, and Oil and Gas Extraction 26,907 22 Utilities 2,673 23 Construction 26,273 31-33 Manufacturing 24,545 42 Wholesale Trade 20,242 44-45 Retail Trade 52,399 48-49 Transportation and Warehousing 11,395 51 Information 9,872 52 Finance and Insurance 26,762 53 Real Estate and Rental and Leasing 20,305 54 Professional, Scientific, and Technical Services 31,010 55 Management of Companies and Enterprises 6,882 Administrative and Support and Waste 56 41,238 Management and Remediation Services 61 Educational Services (Private) 8,789 62 Health Care and Social Assistance 60,978 71 Arts, Entertainment, and Recreation 8,466 72 Accommodation and Food Services 39,373 81 Other Services (except Public Administration) 27,730 90 Government 92,405 99 Unclassified Industry 6 Economic Modeling Specialists, Inc. | www.economicmodeling.com 3 Metro Technology Center | Average Earnings by Industry $50,050 $60,280 $38,555 Avg. Earnings (2011) Male Avg. Earnings (2011) Female Avg. Earnings (2011) 100% of National Avg. 100% of National Avg. 99% of National Avg. Avg. NAICS Industry Earnings (2011) 11 Agriculture, Forestry, Fishing and Hunting $32,108 21 Mining, Quarrying, and Oil and Gas Extraction $93,645 22 Utilities $111,278 23 Construction $47,141 31-33 Manufacturing $58,961 42 Wholesale Trade $57,726 44-45 Retail Trade $31,366 48-49 Transportation and Warehousing $52,103 51 Information $56,054 52 Finance and Insurance $57,735 53 Real Estate and Rental and Leasing $32,773 54 Professional, Scientific, and Technical Services $59,938 55 Management of Companies and Enterprises $92,980 Administrative and Support and Waste 56 $33,547 Management and Remediation Services 61 Educational Services (Private) $28,826 62 Health Care and Social Assistance $53,827 71 Arts, Entertainment, and Recreation $26,998 72 Accommodation and Food Services $18,107 81 Other Services (except Public Administration) $24,651 90 Government $67,649 99 Unclassified Industry $43,321 Economic Modeling Specialists, Inc. | www.economicmodeling.com 4 Metro Technology Center | Unemployment by Industry Total Unemployment (2/2012) 20,672 Unemployed % of NAICS Industry (2/2012) Unemployed Agriculture, Forestry, Fishing and 11 5 0% Hunting Mining, Quarrying, and Oil and Gas 21 480 2% Extraction 22 Utilities 72 0% 23 Construction 1,536 7% 31-33 Manufacturing 1,150 6% 42 Wholesale Trade 668 3% 44-45 Retail Trade 1,982 10% 48-49 Transportation and Warehousing 310 2% 51 Information 612 3% 52 Finance and Insurance 605 3% Real Estate and Rental and 53 501 2% Leasing Professional, Scientific, and 54 895 4% Technical Services Management of Companies and 55 55 0% Enterprises Administrative and Support and 56 Waste Management and 2,780 13% Remediation Services 61 Educational Services (Private) 662 3% 62 Health Care and Social Assistance 1,942 9% 71 Arts, Entertainment, and Recreation 600 3% 72 Accommodation and Food Services 1,493 7% Other Services (except Public 81 893 4% Administration) 90 Government 1,679 8% No Previous Work 99 1,754 8% Experience/Unspecified Economic Modeling Specialists, Inc. | www.economicmodeling.com 5 Metro Technology Center | Gross Regional Product (GRP) Taxes on Production Earnings (2011) Property Income (2011) Total GRP (2011) (2011) $27,972,406,564 $10,866,328,157 $2,674,382,918 $41,386,855,056 NAICS Industry GRP (2011) % of Total Agriculture, Forestry, Fishing and 11 $63,065,587 0% Hunting Mining, Quarrying, and Oil and Gas $6,225,025,59 21 15% Extraction 7 22 Utilities $888,119,092 2% $1,353,402,51 23 Construction 3% 7 $2,209,370,20 31-33 Manufacturing 5% 9 $2,210,168,64 42 Wholesale Trade 5% 4 $2,453,385,98 44-45 Retail Trade 6% 6 48-49 Transportation and Warehousing $749,578,334 2% $1,281,556,50 51 Information 3% 9 $2,995,300,59 52 Finance and Insurance 7% 9 Real Estate and Rental and $2,827,671,22 53 7% Leasing 3 Professional, Scientific, and $2,437,071,19 54 6% Technical Services 6 Management of Companies and 55 $734,436,714 2% Enterprises Administrative and Support and $1,760,147,94 56 Waste Management and 4% 3 Remediation Services 61 Educational Services (Private) $289,124,140 1% $3,582,412,01 62 Health Care and Social Assistance 9% 8 Economic Modeling Specialists, Inc. | www.economicmodeling.com 6 NAICS Industry GRP (2011) % of Total 71 Arts, Entertainment, and Recreation $297,436,181 1% $1,008,759,69 72 Accommodation and Food Services 2% 6 Other Services (except Public 81 $757,055,920 2% Administration) $7,263,766,95 90 Government 18% 2 Metro Technology Center | Region Exports $72,698,600,435.29 Exports (2011) 65% of Supply Exports NAICS Industry (2011) 11 Agriculture, Forestry, Fishing and Hunting $127,735,389 $11,517,144,3 21 Mining, Quarrying, and Oil and Gas Extraction 92 $1,013,832,73 22 Utilities 3 23 Construction $761,927,103 $5,036,671,06 31-33 Manufacturing 5 $2,364,378,81 42 Wholesale Trade 1 $1,736,915,57 44-45 Retail Trade 7 48-49 Transportation and Warehousing $814,057,527 $1,007,464,79 51 Information 7 $2,223,905,77 52 Finance and Insurance 9 $1,799,570,20 53 Real Estate and Rental and Leasing 8 54 Professional, Scientific, and Technical Services $926,160,377 55 Management of Companies and Enterprises $637,028,433 56 Administrative and Support and Waste $1,348,081,40 Economic Modeling Specialists, Inc. | www.economicmodeling.com 7 Exports NAICS Industry (2011) Management and Remediation Services 3 61 Educational Services (Private) $161,439,516 $2,348,560,65 62 Health Care and Social Assistance 6 71 Arts, Entertainment, and Recreation $205,473,302 72 Accommodation and Food Services $731,685,181 81 Other Services (except Public Administration) $466,089,148 $37,470,479,0 90 Government 38 Metro Technology Center | Region Imports $45,876,219,885 $38,939,723,673 Imports (2011) Locally Produced & Consumed (2011) 54% of Demand 46% of Demand Imports NAICS Industry (2011) 11 Agriculture, Forestry, Fishing and Hunting $477,760,062 21 Mining, Quarrying, and Oil and Gas Extraction $361,215,097 22 Utilities $289,095,405 $1,353,888,93 23 Construction 1 $9,623,569,72 31-33 Manufacturing 1 $1,471,426,40 42 Wholesale Trade 8 44-45 Retail Trade $849,031,884 $1,208,623,14 48-49 Transportation and Warehousing 3 $1,516,653,75 51 Information 8 $2,739,506,10 52 Finance and Insurance 0 $1,033,818,06 53 Real Estate and Rental and Leasing 7 Economic Modeling Specialists, Inc. | www.economicmodeling.com 8 Imports NAICS Industry (2011) $2,514,439,74 54 Professional, Scientific, and Technical Services 9 55 Management of Companies and Enterprises $731,742,965 Administrative and Support and Waste 56 $526,354,531 Management and Remediation Services 61 Educational Services (Private) $349,691,841 62 Health Care and Social Assistance $755,019,255 71 Arts, Entertainment, and Recreation $263,334,890 72 Accommodation and Food Services $490,608,572 81 Other Services (except Public Administration) $378,435,153 $18,942,004,3 90 Government 52 Regional Trends Region 2012 Jobs 2017 Jobs % Change Metro Technology Center 545,893 575,140 5.4% Nation 179,496,284 190,768,603 6.3% Economic Modeling Specialists, Inc. | www.economicmodeling.com 9 Educational Attainment Largest Openings to Completions Gaps Related Annual Occupation Completions Openings (2010) (2011) Property, Real Estate, and Community Association Managers (11-9141) 0 320 Military Occupations (55-9999) 0 245 Securities, Commodities, and Financial Services Sales Agents (41-3031) 0 190 Geoscientists, Except Hydrologists and Geographers (19-2042) 0 132 Accountants and Auditors (13-2011) 174 294 Economic Modeling Specialists, Inc. | www.economicmodeling.com 10 Age Demographics Growing/Declining Occupations Change in Occupation Jobs (2012-2017) Real Estate Sales Agents (41-9022) 983 Property, Real Estate, and Community Association Managers (11-9141) 804 First-Line Supervisors/Managers of Construction Trades and Extraction Workers (47-1011) 780 Order Clerks (43-4151) -170 Farmers and Ranchers (11-9012) -220 Laborers and Freight, Stock, and Material Movers, Hand (53-7062) -428 Economic Modeling Specialists, Inc.
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