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 LLCbrian@civicanalytics.com 512-731-7851