Industry Overview

The Industry Overview report provides a detailed summary of the data related to a specific industry (defined by NAICS code), including jobs and occupations, trends, growth, demographics, and more. 

To run an Industry Overview report, you must first select one or more industries to analyze. You can start typing the industry name or NAICS code, and the search field will auto-populate suggestions to help you find the relevant industry. Then select a region (county, city, MSA, state, or nation). For this example, we will be looking at the Hospital industry at the 3-digit NAICS code level in Washington state between 2010 and 2019.

 

Inside the report

Note that the sidebar on the left side of the screen allows you to change your industry and region selections at any time, and also include additional filters for timeframe or class of worker.

At the top of the report you can see basic information about jobs in the Hospitals industry between 2010 and 2019. There are 90,881 jobs in Washington, which is considerably lower than the national average. On the other hand, job growth itself is faster than the national average: 22.5% versus the national average of 9.8%.  

Finally, average earnings per job is over $97K a year. This average is calculated by dividing the total annual earnings in the Hospital industry by the total number of jobs in the Hospital industry, where both earnings and number of jobs are specific to our selected region (in this case, Washington). Note that total annual earnings includes wages, salaries, profits, benefits, and other compensation. 

 

Regional trends

The regional trends chart shows the growth or decline of job change over our 15-year period. The yellow highlighted area is our selected timeframe; the dotted line is a projection of trends over the next five years based on historical trends, but obviously is not a guarantee of what will happen in the future. 

Here we can see that jobs in Washington’s hospitals industry have grown by 22.5% since 2010. You can add additional regions (town, county, MSA, state, nation) in the text box below the chart to see how your region compares. In the figure above, we’ve added the Spokane-Spokane Valley MSA; this allows us to see that the percent of job change is smaller there than it is in Washington as a whole. 

 

Occupations employed by this industry

Listed here are the top five most common occupations employed within the hospitals industry. As you might expect, registered nurses far outnumber other hospital occupations. In fact, they make up a good 30% of the industry overall. 

Demographics

Three-quarters of workers in the hospitals industry are female, and 60% are ages 25-54. Seventy-two percent of the industry is White, with the Asian population coming in next at 11%. 

 

Gross Regional Product

Gross Regional Product (GRP) is the sum of total industry earnings, taxes on production and imports, and profits, less subsidies, across the region. It’s important to note, however, that this figure is not specific to your selected industry–it reflects the region as a whole. In Washington, industries have drawn in over $8.9B in earnings over our nine year timeframe. From property income, the region totaled $1.4B, and also generated over $407.3B in tax revenue. Together, these numbers total to $10.8B in GRP.  

 

Industry requirements

This section shows an estimate of purchases within the industry’s supply chain, based on Emsi’s Input-Output model. Those estimates are broken down into in-region purchases (bought within our region of Washington) and imported purchases (bought outside Washington). 

 

 

Top regional businesses

Please note that Top Regional Business data is only visible to users who have purchased access.

Emsi provides data from DatabaseUSA.com, a third-party provider. By clicking on “Show DatabaseUSA.com data,” you can see the top five businesses in our region; it is important to understand, however, that DatabaseUSA.com uses data collection methods that vary from Emsi’s methodology, so the information here is likely to differ from other information provided by Emsi. 

 

We hope this report provides the detailed labor market information you need to make good decisions and drive prosperity for your organization and community. If you have additional questions or concerns, please contact our customer service team here. We’d love to learn more about your work and see how we can help!