Manufacturing Sector Profile for the Shreveport RLMA Parishes. Employment and Wage Trends 4 th Quarter 2015 for the Manufacturing Sector by Parish
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1 Manufacturing Sector Profile for the Shreveport RLMA Parishes The Labor Market information (LMI) division of Research and Statistics helps provide information on various sectors in the regional economy. Reports and tables presented here can be accessed through our website at Data has been provided at the parish level where possible. Employment and Wage Trends 4 th Quarter 2015 for the Manufacturing Sector by Parish This report is based on quarterly tax returns from all employers covered by unemployment insurance. Average establishments by industry, average employment by industry and total wages that employers have paid in the quarter are presented in the following tables. Average Establishments The table below illustrates the number of firms that are in the Manufacturing Sector in each of the ten Shreveport RLMA parishes. Share of the number of establishments in the Manufacturing Sector to all establishments in the parish provides information on the size of the sector. Of the 22 industry sectors, the Manufacturing Sector makes up o 3.30% of the Industrial make up in Shreveport RLMA Parishes o 5.86% in Bienville Parish o 3.12% in Bossier Parish o 3.31% in Caddo Parish o 3.85% in Claiborne Parish o 2.91% in DeSoto Parish o 3.45% in Lincoln Parish o 2.12% in Natchitoches Parish o 2.65% in Red River Parish o 2.89% in Sabine Parish o 4.32% in Webster Parish 1 P age
2 Parish Number of Establishments by Parish Avg. Establishments Manufacturing Industry Percent in Manufacturing Related Establishments Total Avg. Establishments All Industries Shreveport RLMA % 14,957 Bienville Parish % 307 Bossier Parish % 2,789 Caddo Parish % 7,259 Claiborne Parish % 286 DeSoto Parish % 516 Lincoln Parish % 1,188 Natchitoches Parish % 944 Red River Parish % 189 Sabine Parish % 554 Webster Parish % P age
3 Average Employment The number of people employed in the specific sector illustrates the number of skilled workforce employed in that sector. Of the 22 industry sectors, the Manufacturing Sector employs o 7.27% of the Industrial make up in Shreveport RLMA Parishes o 31.53% in Bienville Parish o 4.12% in Bossier Parish o 5.53% in Caddo Parish o 5.31% in Claiborne Parish o Not available in DeSoto Parish o 7.35% in Lincoln Parish o 13.66% in Natchitoches Parish o 12.86% in Red River Parish o 16.34% in Sabine Parish o 12.85% in Webster Parish 3 P age
4 Parish Employment in Manufacturing Number Employed by Parish Percent in Manufacturing Related Occupations Employment All Industries Shreveport RLMA 16, % 226,133 Bienville Parish 1, % 4,301 Bossier Parish 1, % 44,075 Caddo Parish 6, % 115,997 Claiborne Parish % 3,485 DeSoto Parish * * 6,709 Lincoln Parish 1, % 18,599 Natchitoches Parish 1, % 12,951 Red River Parish % 2,488 Sabine Parish % 5,416 Webster Parish 1, % 12,112 4 P age
5 Total Wages Wages earned by people in the Manufacturing Sector defines the contribution of the industry into the local economy. In the third quarter of 2015 The Manufacturing Sector has contributed o Over 248 hundred thousand dollars in the Shreveport RLMA o Over 11.7 hundred thousand dollars in Bienville Parish o Over 29.1 hundred thousand dollars in Bossier Parish o Over hundred thousand dollars in Caddo Parish o Over 1.9 hundred thousand dollars in Claiborne Parish o Not available in DeSoto Parish o Over 19.3 hundred thousand dollars in Lincoln Parish o Over 22.7 hundred thousand dollars in Natchitoches Parish o Over 3.9 hundred thousand dollars in Red River Parish o Over 11.8 hundred thousand dollars in Sabine Parish o Over 19.5 hundred thousand dollars in Webster Parish 5 P age
6 Total Wages by Parish Parish Total Wages in Manufacturing Total Wages All Industries Percent in Manufacturing Related Wages Avg. Weekly Wage Manufacturing Shreveport RLMA $248,007,371 $2,381,748, % $1,160 Bienville Parish $11,764,233 $42,049, % $667 Bossier Parish $29,122,508 $419,087, % $1,234 Caddo Parish $108,652,177 $1,321,255, % $1,304 Claiborne Parish $1,943,174 $34,897, % $808 DeSoto Parish * $87,136,565 * * Lincoln Parish $19,372,472 $171,210, % $1,090 Natchitoches Parish $22,777,225 $119,198, % $990 Red River Parish $3,969,691 $23,206, % $954 Sabine Parish $11,856,519 $48,508, % $1,031 Webster Parish $19,553,944 $115,198, % $967 6 P age
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8 Job Openings in the Shreveport RLMA Parishes by Industry Sector in the Last Year Number of current job openings in the region shows the current demand for workforce in the region. The table below breaks down the number of job openings posted by employers in the Shreveport RLMA by Industry percent of all job postings in the Shreveport RLMA parishes were in the Manufacturing Sector Industry Sector Description Job Openings by Industry Total Job Openings Percent Job Openings of Total Accommodation and Food Services % Admin., Support, Waste Mgmt, Remediation 2, % Agriculture, Forestry, Fishing & Hunting % Arts, Entertainment, and Recreation % Construction % Education Services % Finance and Insurance % Health Care and Social Assistance 2, % Information % Management of Companies and Enterprises % Manufacturing (31 33) % Manufacturing (31 33) % Manufacturing (31 33) % Mining %% Other Services (except Public Admin.) % Professional Scientific & Technical Svc % Public Administration % Real Estate and Rental and Leasing % Retail Trade (44 & 45) % Retail Trade (44 & 45) % Supersectors and Totals % Transportation and Warehousing (48 & 49) % Transportation and Warehousing (48 & 49) % Unclassified establishments % Utilities % Wholesale Trade % 10,060 8 P age
9 Shreveport RLMA: 2017 Projected Employment by Industry The short term Industry forecasts developed by the Louisiana Workforce commission in conjunction with driver firms across Louisiana suggest that employment in the Manufacturing Industry is poised to decrease by 0.1% in the Shreveport RLMA. Short Term Projections through 2017 Base Year 2017 Projected Industry Sectors NAICS CODE Employment Change Percent Change Employment Employment Manufacturing ,073 17, % Fabricated metal product manufacturing 332 2,323 2, % Nonmetallic mineral product manufacturing 327 2,394 2, % Food manufacturing 311 1,993 1, % Primary metal manufacturing % Shreveport RLMA: 2024 Projected Employment by Industry The long term Industry forecasts developed by the Louisiana Workforce commission in conjunction with driver firms across Louisiana suggest that employment in the Manufacturing Industry is poised to grow by 18.0% in the Shreveport RLMA. Industry Sectors Long Term Projections to 2024 NAICS CODE Base Year Employment 2024 Projected Employment Employment Change Percent Change Manufacturing ,073 17, % Fabricated metal product manufacturing 332 2,323 2, % Nonmetallic mineral product manufacturing 327 2,394 2, % Paper manufacturing 322 1,832 1, % Food manufacturing 311 1,993 1, % Primary metal manufacturing % 9 P age
10 Shreveport RLMA: Projections to 2022 of the High Demand Occupations by Most Significant Source of Education or Training High demand occupations by the most significant education level and training are compiled using the long term projections for each region and the underlying staffing pattern for each Industry. The tables below show the most common occupations by education level the Manufacturing Industry requires sorted by total annual openings. Shreveport RLMA Top Manufacturing Occupations for Bachelor s Degree Star Rating Bachelor s Degree Growing Occupations Annual Openings Mean Hour Entry Level Wage General and Operations Managers 110 $22.33 Industrial Production Managers 10 $26.71 Cost Estimators 10 $17.17 Compliance Officers 10 $15.78 Purchasing Managers 0 $22.86 Star Rating Shreveport RLMA Top Manufacturing Occupations for Associate s Degree Associate s Degree Growing Occupations Annual Openings Mean Hourly Entry Level Wage Chemical Plant and System Operators 10 $16.18 Chemical Equipment Operators and Tenders 0 $13.68 Shreveport RLMA Top Manufacturing Occupations for Postsecondary Non degree Award Star Rating Postsecondary Non degree Award Growing Occupations Annual Openings Mean Hourly Entry Level Wage Machinists 50 $13.02 Welders, Cutters, Solderers, and Brazers 40 $11.92 First Line Supervisors of Production and Operating Workers 30 $13.76 Extruding, Forming, Pressing, and Compacting Machine Setters, Operators, and 10 $10.76 Tenders Petroleum Pump System Operators, Refinery Operators, and Gaugers 10 $ P age
11 Shreveport RLMA Top Manufacturing Occupations for High School Equivalent Education Star Rating High School Equivalent Growing Occupations Annual Openings Mean Hour Entry Level Wage Team Assemblers 80 $9.46 Computer Controlled Machine Tool Operators, Metal and Plastic 20 $12.05 Inspectors, Testers, Sorters, Samplers, and Weighers 30 $9.41 Structural Metal Fabricators and Fitters 10 $13.21 Painters, Transportation Equipment 10 $12.26 Water and Wastewater Treatment Plant and System Operators 20 $10.18 Mixing and Blending Machine Setters, Operators, and Tenders 10 $11.87 Turnover Rates for the Manufacturing Industry in the Shreveport MSA The manufacturing industry turnover rate is significantly lower than the average turnover rate for all industries in the Shreveport MSA. The Manufacturing industry shows two spikes in turnover in the second quarters of 2012 and 2013, but no longer term trends are evident, and the average turnover rate hovers at 6.5 percent for the industry. 11 P age
12 Commuting Pattern for the Shreveport Bossier City Metropolitan Area The picture above shows the commuting patterns of workers in the Shreveport Bossier City MSA. The MSA is comprised of Bossier, Caddo, DeSoto, and Webster parishes. 32,300 (20.1%) of workers in the MSA live outside of it. 128,473 of MSA employees (79.9%) live in the MSA. 18.7% (29,545) of people living in the MSA work outside of it. Sources: 1: Labor Market Information 2022 Occupation Projections (revised 2015) 2: Labor Market Information 2022 Occupation Projections (revised 2015). Annual openings are new jobs plus replacements by occupation. The occupational projections were produced by analysts in the Labor Market Information Unit of the Research and Statistics Division of the Louisiana Workforce Commission. Refinement to the industry and occupational projections were provided by the LSU Division of Economic Development and Forecasting. Analysis uses industry staffing patterns data to review historical trends and to project future employment growth or decline of an occupation within a geographical area. Labor Market Information address: LMI@LWC.la.gov Labor Market Information phone number: P age
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