Download - Manufacturing Trends in Austin, TX
Manufacturing Trends in Austin, TX
Austin Regional Manufacturing AssociationWorkforce ForumMarch 27, 2013
March 27, 2013 | ARMA Workforce Forum
Jobs: The Story We All KnowSource: U.S. Bureau of Economic Analysis
ManufacturingJobs 2001
ManufacturingJobs 2011 Change
United States 16,913,600 12,344,600 -27%Austin MSA 78,568 54,480 -31%
ManufacturingShare of Total
Jobs 2001
ManufacturingShare of Total
Jobs 2011 ChangeUnited States 10.2% 7.0% -3.2Austin MSA 9.2% 4.9% -4.2
March 27, 2013 | ARMA Workforce Forum
Manufacturing OutputSource: U.S. Bureau of Economic Analysis, Adjusted for Inflation (2005 dollars)
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011-20%
-10%
0%
10%
20%
30%
40%
50%
60%
United States
Austin MSA
Total Change (2001-2011)
Austin MSA 203%
United States 26%
March 27, 2013 | ARMA Workforce Forum
• Manufacturing’s share of total GDP in Austin MSA grew from 9% in 2001 to 18% in 2011—now the largest contributor to economy
• Manufacturing added $10 billion to regional economy during 2001-2011—responsible for 34% of total GDP growth in Austin MSA
• Productivity—output per worker has grown from $63,000 to $274,000 during 2001-11
Austin: A Production Economy?Source: U.S. Bureau of Economic Analysis, Adjusted for Inflation (2005 dollars)
March 27, 2013 | ARMA Workforce Forum
Austin MSA2011
Rank Among MSAs($50+ billion GDP)
Share of Total GDP 18% #6
Output Growth* 203% #2
Productivity** $274,192 #5
Avg Compensation*** $102,102 #4
Austin: A Production Economy?Source: U.S. Bureau of Economic Analysis, Adjusted for Inflation (2005 dollars)Note: Data not available for all MSAs. Rank among available MSAs.
* 2001-2011
** Output per worker
*** Includes wages and benefits
March 27, 2013 | ARMA Workforce Forum
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Brian Kelsey, PrincipalCivic Analytics [email protected] 512-731-7851