Iowa workforce development

Retail Trade

2015 Iowa industry profile

https://www.iowaworkforcedevelopment.gov/labor-market-information-division

Executive Summary

In 2014, the retail trade sector comprised 11.8 percent of all covered employment (both public and private sector) in Iowa, providing jobs for 178,905 workers who have an average annual wage of $24,674. This wage was 42.0 percent lower than the statewide average annual of $42,536 for all industries.

Retail employment in Iowa had been declining before the great recession, but that pace accelerated during the deep recession years of 2009 and 2010. Between 2006 and 2010, retail trade shed 7,131 jobs or 4.0 percent of employment. Employment has since recovered but has yet to reach 2006 levels. Between 2006 and 2014, this sector contracted by 1,240 jobs or 0.7 percent.

Wages in this sector are low both for the region and the nation. In our region, only Nebraska and Wisconsin have lower wages, and Iowa’s average annual wage is 14.2 percent lower than the national average. It is unclear from this data whether this would be due to lower hourly wages or less hours worked. Women make up 52.3 percent of this sector’s workforce.

Retail Trade

Iowa Industry Profile

https://www.iowaworkforcedevelopment.gov/labor-market-information-division

What is Retail Trade? The Retail Trade sector comprises establishments engaged in retailing merchandise, generally without transformation, and rendering services incidental to the sale of merchandise. The retailing process is the final step in the distribution of merchandise; retailers are, therefore, organized to sell merchandise in small quantities to the general public. This sector comprises two main types of retailers: store and non-store retailers.

2014 Industry Breakout by Employment in Iowa Retail NAICS Industry Coding

Percentage Employed by Sub-Sector

Source: www.census.gov/naics

Source: Quarterly Census of Employment and Wages (QCEW), Bureau of Labor Statistics

2006-2014 Employment in Retail Trade in Iowa

Source: Quarterly Census of Employment and Wages (QCEW), Bureau of Labor Statistics

180,145 178,837 178,173 175,429 173,014 174,405 175,866 177,928 178,905

$20,838

$21,392

$22,034

$22,323

$22,620

$23,191

$23,766

$23,951

$24,674

168,000

170,000

172,000

174,000

176,000

178,000

180,000

182,000

$20,000

$20,500

$21,000

$21,500

$22,000

$22,500

$23,000

$23,500

$24,000

$24,500

$25,000

2006 2007 2008 2009 2010 2011 2012 2013 2014

Employment

Average Annual Wage

$23,951

$24,674

170,000

172,000

174,000

176,000

178,000

180,000

182,000

441-Motor Vehicle & Parts

22,419

13%

444-Building Material or Garden

Equipment

15,1758%

445-Food & Beverage

39,633

22%

447-Gasoline Stations19,954

11%

452-General Merchandise

34,038

19%

All Other Retail47,685

27%

AAW Food & Beverage Stores = $18,746

AAW General Merchandise =

$21,245

AAW OtherRetail = $25,174

AAW Motor Vehicles & Parts = $42,638

AAW BuildingMaterial or Garden

Equipment =$29,737

AAW Gasoline Stations =

17,069

AAW = Average

Annual Wage

Retail Trade

Iowa Industry Profile

https://www.iowaworkforcedevelopment.gov/labor-market-information-division

Source: Quarterly Census of Employment and Wages (QCEW), Bureau of Labor Statistics

2014 Covered Employment in Retail Trade by County

Sector Statewide:

Employment - 178,905

Average Annual Wage - $24,674

In 2014, there were 12,082 retail trade industry locations across Iowa. Gasoline stations had the most establishments in Iowa with 1,778. However, food & beverage retail accounts for the most employment, supplying 22.2 percent of all jobs in the sector. Retail trade represents a wide variety of subsectors, specializing in different types of retail. There are twelve different subsectors in retail trade, and the five largest have been broken out for further examination in the pie chart on the previous page.

Employers

Source: Infogroup USA

Examples of Major Retail Trade Industry Employers

Label Key: First line is the county

name followed by average employment and finally, average

wage.

Name of Company Industry

Casey’s General Store Gasoline Stations

CDS Global Inc. Direct Selling Establishments

Goodwill Used Merchandise Stores

Hy-Vee Grocery Stores

Lujack Northpark Auto Plaza Automobile Dealers

Regal Liquor Store Beer, Wine & Liquor Stores

U-Select-It International Vending Machine Operators

Von Maur Inc. Department Stores

Walmart Warehouse Clubs & Supercenters

Younkers Department Stores

Average Annual Wage: Less than $20,185 $20,186 to $22,706

$22,186 to $25,307 Greater than $25,308

Retail Trade

Iowa Industry Profile

Iowa Workforce Development, Employment Statistics Bureau

1000 E Grand Ave Des Moines, IA 50319

800-532-1249 Fax: 515-281-8195

Iwd.lmi@iwd.iowa.gov www.iowaworkforcedevelopment.gov

Equal opportunity employer/program. Auxiliary aids and services are available

upon request to individuals with disabilities.

TTY 515-281-4748 1-800-831-1399

Contact Information

https://www.iowaworkforcedevelopment.gov/labor-market-information-division

Source: Bureau of Labor Statistics

2014 Average Annual Wage for Covered Employment in Retail Trade

State Comparisons by Private Ownership

Nebraska $24,605

Industry Distribution by Age and Gender 2013 Average Annual

Source: Local Employment Dynamics, Iowa Workforce Development and U.S. Census Bureau

North Dakota $29,692

United States Average: $28,743

Kansas $24,992

Iowa $24,673

Minnesota $27,183

South Dakota $26,180

Wisconsin $24,506

Illinois $27,532 Indiana

$25,090

Michigan $27,328

Ohio $26,146

Missouri $25,781

-

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

18,000

14-18 19-21 22-24 25-34 35-44 45-54 55-64 65-99

Em

plo

ym

en

t

Age Group

Male

Female