Tag Archives: Economics

Tools to Analyze County Demographic-Economic Characteristics

.. demographic-economic characteristics of counties are essential for business development, market analysis, planning, economic development, program management and general awareness of patterns and trends. This section provides access to data and tools to examine these data for all counties in the U.S. This annual update includes geographic area characteristics based on ACS 2015 data.  The tools/data are organized into four related sections summarized below.

1. General Demographics
View interactive table at http://proximityone.com/us155dp1.htm
Patterns of School Age Population by County
Use GIS tools to visually examine county general demographics as illustrated below. The following view shows patterns of percent population ages 5 to 17 years of age by county — item D001-D004-D018 in the interactive table. Create your own views.

… view developed using the CV XE GIS software.

2. Social Characteristics
View interactive table at http://proximityone.com/us155dp2.htm 
Patterns of Educational Attainment by County
– percent college graduate
Use GIS tools to visually examine county social characteristics as illustrated below. The following view shows patterns of percent college graduate by county — item S067 in the interactive table. Create your own views.

… view developed using the CV XE GIS software.

3. Economic Characteristics
View interactive table at http://proximityone.com/us155dp3.htm 
Patterns of Median Household Income by County
Use GIS tools to visually examine county economic characteristics as illustrated below. The following view shows patterns median household income by county — item E062 in the interactive table. Create your own views.

… view developed using the CV XE GIS software.

4. Housing Characteristics
View interactive table at http://proximityone.com/us155dp4.htm 
Patterns of Median Housing Value by County
Use GIS tools to visually examine county housing characteristics as illustrated below. The following view shows patterns median housing value by county — item E062 in the interactive table. Create your own views.

… view developed using the CV XE GIS software.

Join me in a Data Analytics Lab session to discuss more details about accessing and using wide-ranging demographic-economic data and data analytics. Learn more about using these data for areas and applications of interest.

About the Author
— Warren Glimpse is former senior Census Bureau statistician responsible for innovative data access and use operations. He is also the former associate director of the U.S. Office of Federal Statistical Policy and Standards for data access and use. He has more than 20 years of experience in the private sector developing data resources and tools for integration and analysis of geographic, demographic, economic and business data. Contact Warren. Join Warren on LinkedIn.

ZIP Codes with Highest & Lowest Economic Prosperity

.. the latest data for ZIP Code Areas show that eleven had a median household income of $250,000 or more during the period 2011-15. More than 20 ZIP code areas had a median housing value of $2,000,000 or more. Contrast these ZIP code areas with higher economic prosperity with the more than 150 ZIP codes that had a median housing value of less than $30,000.  Use the interactive table in this related Web section to see which ZIPs meet these and other criteria.

ZIP Codes with MHI $100,000 or More; Dallas, TX Metro
Analyzing economic prosperity patterns using combined types of small area geography … the following graphic shows ZIP code areas a red markers with the median household income or $100,000 or more in context of median household income by census tract thematic pattern. Click graphic for larger view with more detail. Expand browser window for best quality view. Use CV XE GIS software and associated GIS project to develop variations of this view for your areas of interest. .

– view developed with CV XE GIS software.

This section reviews measures of economic prosperity for all ZIP code areas. These data were released in December 2016. This section updates with new data December 2017. See the list of all ZIP ccdes showing population, housing and economic characteristics in the interactive table shown below. Use the interactive table to view, rank, compare and query ZIP code attributes.

Examining demographic-economic characteristics by ZIP code is important for several reasons. We are familiar with our own ZIP codes as a geographic location. We tend to be interested in our area compared to other areas. ZIP codes provide an easy way to do that. Also, many secondary data resources are tabulated by ZIP code area; some important data are only available by ZIP code. See more about ZIP Code areas.

Resources & Methods to Examine Small Area Demographics
• See related ZIP Code Demographic-Economic Interactive Tables
  .. extended subject matter
• See related Census Tract Code Demographic-Economic Interactive Tables
• Examine ZIP Code Urban/Rural Characteristics
• Examine ZIP Code Business Establishment patterns
• Examine ZIP Code Housing Price Index patterns
• Join us in the weekly Data Analytics Lab Sessions
  .. reviewing applications using these and related data.

ZIP Code Areas with $MHI $100,000 or More
The following graphic shows ZIP code areas as red markers having median household income or $100,000 or more. Click graphic for larger view with more detail. Expand browser window for best quality view. Use CV XE GIS software and associated GIS project to develop variations of this view; integrate other data; select alternative ACS 2015 subject matter.

– view developed with CV XE GIS software. Click graphic for larger view.

ZIP Code Areas with $MHV Less than $30,000
The following graphic shows ZIP code areas as orange markers having median housing value of less than $30,000. Click graphic for larger view with more detail. Expand browser window for best quality view. Use CV XE GIS software and associated GIS project to develop variations of this view; integrate other data; select alternative ACS 2015 subject matter.

– view developed with CV XE GIS software. Click graphic for larger view.

ZIP Code Areas: Population & Economic Prosperity
  — Interactive Table –
Use the interactive table to view, rank, compare, query ZIP codes based on a selection of demographic-economic measures. The following graphic illustrates how the table can be used to examine patterns of the three digit ZIP code area (San Diego) by 5-digit ZIP code. Table operations are used to select ZIP codes in the 921 3-digit area (containing 39 5-digit ZIP codes). These 39 ZIP code are then ranked in descending order on median household income. See results in the table shown below. ZIP code 92145 has the highest $MHI in this group with $228.036.

– click graphic for larger view.

Try it yourself. Use the table to examine a set of ZIP codes on your selected criteria in for a state/area of interest.

Join me in a Data Analytics Lab session to discuss more details about accessing and using wide-ranging demographic-economic data and data analytics. Learn more about using these data for areas and applications of interest.

About the Author
— Warren Glimpse is former senior Census Bureau statistician responsible for innovative data access and use operations. He is also the former associate director of the U.S. Office of Federal Statistical Policy and Standards for data access and use. He has more than 20 years of experience in the private sector developing data resources and tools for integration and analysis of geographic, demographic, economic and business data. Contact Warren. Join Warren on LinkedIn.

Regional Economic Information System: Annual Updates

.. which counties are experiencing the fastest economic growth? by what economic component? what does this look like on a per capita level?

.. access & analyze economic characteristics and patterns by county and state .. annual time series 1969 through 2015 with projections.  Personal income is the income available to persons for consumption expenditures, taxes, interest payments, transfer payments to governments and the rest of the world, or for saving. Use the interactive table to examine characteristics of counties and regions of interest. The table provides access to 31 personal income related summary measures. These data are a selection of a broader set of annual time series data from the Regional Economic Information System (REIS). REIS is a part of the ProximityOne State & Regional Income & Product Accounts (SRIPA) and Situation & Outlook (S&O) featuring current (2016) estimates and demographic-economic projections. Go to table.

Visual Analysis of Per Capita Personal Income Patterns
The following map shows the Houston metro (view profile) with bold brown boundary. Counties are labeled with county name and 2014 per capita personal income.

Click graphic for larger view. View developed with CV XE GIS software.

Per Capita Personal Income Change 2008-2014 by County
.. relative to U.S 2008-2014 change

Click graphic for larger view. View developed with CV XE GIS software.

Interactive Analysis – County or State Profiles
The following graphic illustrate use of the interactive table to view an economic profile for Harris County, TX. Use the table to examine characteristics of any county or state. Click graphic for larger view.

Interactive Analysis
– comparing per capita personal income across counties
The next graphics illustrates use of the interactive table to rank/compare per capita personal income across counties. Rank/compare states. Choose any of the economic profile items. Click graphic for larger view.

Join me in a Data Analytics Lab session to discuss more details about accessing and using wide-ranging demographic-economic data and data analytics. Learn more about using these data for areas and applications of interest.

About the Author
— Warren Glimpse is former senior Census Bureau statistician responsible for innovative data access and use operations. He is also the former associate director of the U.S. Office of Federal Statistical Policy and Standards for data access and use. He has more than 20 years of experience in the private sector developing data resources and tools for integration and analysis of geographic, demographic, economic and business data. Contact Warren. Join Warren on LinkedIn.

Metropolitan Area Gross Domestic Product: Trends & Updates

… data and analytical tools to examine Metro GDP patterns and trends.  As a policy-maker, investor, business, advisor or stakeholder, it is important to know how and where the metro economy is changing … and how one or selected metros relate to the U.S. and other metros. Is metro X changing in a different direction than metro Y? By how much, why and is there a pattern? What does the healthcare sector, for example, contribute to a metro’s gross domestic product (GDP)? How does it compare to peer metros? How is the healthcare industry trending? Metro GDP data can provide insights and answers to these important questions. Developing insights using metro GDP data — an example. See related Web section for more detail.

Change in Per Capita Real GDP by Metro, 2010-2015
The following graphic shows patterns of change in per capita real GDP by metro from 2010 to 2015. The orange and red fill patterns show metros experiencing a decrease in per capita real GDP over the period. Click graphic for larger view that shows the 2015 rank of the metro among all 382 MSAs based on 2015 per capita real GDP.

— view created using CV XE GIS and associated MetroGDP GIS Project

282 metropolitan statistical areas, of the total 382, experienced an increase in real Gross Domestic Product (GDP) between 2010 and 2015. Growth was led by growth in professional and business services; wholesale and retail trade; and finance, insurance, real estate, rental and leasing, Collectively, real GDP for U. S. metropolitan areas increased 2.5 percent in 2015 after increasing 2.3 percent in 2014. Use the interactive table and GIS project/datasets described in this section to view/analyze patterns and characteristics in metros of interest.

Illustrative GDP by Sector Trend Profiles
Real GDP by sector profiles are available for the U.S. and each state and MSA. The Metro GDP data are part of the State & Regional Income & Product Accounts (SRIPA). The following profiles illustrate these data for metros, states and the U.S.

Atlanta, GA MSA
Charlotte, NC-SC MSA
Chicago, IL MSA
Columbia, MO MSA
Houston, TX MSA
Phoenix, AZ MSA
United States
Missouri
Texas

Metro Situation & Outlook Reports
View Metro GDP Characteristics section in the Metropolitan Area Situation & Outlook Reports, providing the same scope of data as in the table below integrated with other data. See example for the Dallas, TX MSA. GDP tells an important but small part of the broader metro demographic-economic characteristics. Most metros have sub-county areas experiencing growth or activity sometimes masked when looking at the entire metro. Click a metro (metro GDP estimated for MSAs only) link in the table at upper right to view the GDP estimate in context of related subject matter.

Interactive Analysis
The following graphic shows an illustrative view of the interactive MetroGDP table. This view shows California MSAs ranked in descending order on percent change in per capita real GDP from 2010 to 2015 (ranked on far right column). Use the table to examine characteristics of metros in regions of interest. Click graphic for larger view.

Join me in a Data Analytics Lab session to discuss more details about accessing and using wide-ranging demographic-economic data and data analytics. Learn more about using these data for areas and applications of interest.

About the Author
— Warren Glimpse is former senior Census Bureau statistician responsible for innovative data access and use operations. He is also the former associate director of the U.S. Office of Federal Statistical Policy and Standards for data access and use. He has more than 20 years of experience in the private sector developing data resources and tools for integration and analysis of geographic, demographic, economic and business data. Contact Warren. Join Warren on LinkedIn.

Monthly Local Area Employment Situation; 2015-2016

.. this update on the monthly and over-the-year (August 2015-August 2016) change in the local area employment situation shows general improvement. Yet many areas continue to face challenges due to both oil prices, the energy situation and other factors.  This section provides access to interactive data and GIS/mapping tools that enable viewing and analysis of the monthly labor market characteristics and trends by county and metro for the U.S. See the related Web section for more detail. The civilian labor force, employment, unemployment and unemployment rate are estimated monthly with only a two month lag between the reference date and the data access date (e.g., August 2016 data are available in October 2016).

Unemployment Rate by County – August 2016
The following graphic shows the unemployment rate for each county.

— view created using CV XE GIS and associated LAES GIS Project
— click graphic for larger showing legend details.

As shown in the illustrative interactive table view below, seven of the ten MSAs having the highest August 2016 unemployment rate were in California. Use the table to examine characteristics of counties and metros in regions of interest. As apparent from the monthly patterns shown in the table, some areas are impacted by season factors, but others are not.

View Labor Market Characteristics section in the Metropolitan Area Situation & Outlook Reports, providing the same scope of data as in the table below integrated with other data. See example for the Dallas, TX MSA.

The LAES data and this section are updated monthly. The LAES data, and their their extension, are part of the ProximityOne Situation & Outlook database and information system. ProximityOne extends the LAES data in several ways including monthly update projections of the employment situation one year ahead.

Interactive Analysis
The following graphic shows an illustrative view of the interactive LAES table. Seven of the ten MSAs having the highest August 2016 unemployment rate were in California (ranked on far right column in descending order). Use the table to examine characteristics of counties and metros in regions of interest. Click graphic for larger view.

Join me in a Data Analytics Lab session to discuss more details about accessing and using wide-ranging demographic-economic data and data analytics. Learn more about using these data for areas and applications of interest.

About the Author
— Warren Glimpse is former senior Census Bureau statistician responsible for innovative data access and use operations. He is also the former associate director of the U.S. Office of Federal Statistical Policy and Standards for data access and use. He has more than 20 years of experience in the private sector developing data resources and tools for integration and analysis of geographic, demographic, economic and business data. Contact Warren. Join Warren on LinkedIn.

Congressional District 2015 Demographic-Economic Characteristics

.. congressional districts vary widely in demographic-economic characteristics.  We have new data for 2015 providing insights to characteristics of the 114th Congressional Districts.  This section summarize a few of these characteristics and provides access to a wide range of data that you can use to view, sort, rank, and compare congressional districts using interactive tables.

Patterns of 2015 Educational Attainment
The following graphic shows patterns of educational attainment (percent college graduate) by congressional district in the Los Angeles area. White label shows the congressional district code; yellow label shows percent college graduate. Legend shows color patterns associated with percent college graduate intervals.

– View developed using CV XE GIS software and associated GIS project.

How Congressional Districts Compare
Reference items refer to items/columns shown in tables described below.

.. general demographics: congressional district UT03 has the smallest median age (27.5 years — item D017) and FL11 has the highest median age (53.5 years).

.. social characteristics: congressional district KY05 has the fewest number of people who speak English less than “very well” (2,676 — item S113) and FL27 has the largest number (281,053).

.. economic characteristics: congressional district ND00 has the lowest unemployment rate (2.6% — item E009) and MI13 has the highest unemployment rate (14.6%).

.. housing characteristics: congressional district MI13 has the lowest median housing value ($63,100 — item H089) and CA18 has the highest median housing value ($1,139,900).

Access the Detailed Interactive Tables
Click a link to view more thematic pattern maps and use the interactive tables.
.. General Demographics
.. Social Characteristics
.. Economic Characteristics
.. Housing Characteristics

Join me in a Data Analytics Lab session to discuss more details about accessing and using wide-ranging demographic-economic data and data analytics. Learn more about using these data for areas and applications of interest.

About the Author
— Warren Glimpse is former senior Census Bureau statistician responsible for innovative data access and use operations. He is also the former associate director of the U.S. Office of Federal Statistical Policy and Standards for data access and use. He has more than 20 years of experience in the private sector developing data resources and tools for integration and analysis of geographic, demographic, economic and business data. Contact Warren. Join Warren on LinkedIn.

State Median Household Income Continues Decline

From 2000 to 2012, real U.S. median household income decreased 6.6 percent. The U.S. median household income decreased from $55,030 in 2000 to $51,371 in 2012. 35 states showed statistically significant decreases in real median household income from 2000 to 2012. These data are based on American Community Survey (ACS) estimates (more about the latest ACS 2012 data). Use the interactive table to examine the population components of change for the U.S. and by state.