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Manatee County Economic Status
Manatee County Economic Profile Highlights
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The Sarasota
Bradenton MSA has full recovered beyond its peak
employment of 2000, outpacing the recovery of
other competitor regions (Atlanta, Buffalo,
Charlotte, Greensboro, New Haven, New York, and
Pittsburgh).
- From 1999-2004, Manatee County gained over
8,300 jobs. This job growth was consistent with
state job gains and exceeded US job growth rates
for that period.
- Unemployment in Manatee County continues to
be significantly below national averages (2.4%
in December 2005, compared to 4.9% nationally).
This rate is also at or below unemployment rates
of competitive regions.
- The gross metropolitan product or economic
value produced by Manatee-Sarasota businesses
continues to increase at a rate faster than most
other metro regions - ranking the region 17th
among 361 metro areas in terms of annual GMP
growth between 1994-2004. However, GMP per
capita remains slightly lower than competitive
regions.
Industry Highlights
-
Management of
Companies, Financial Services, and Professional
/ Technical Services accounted for the majority
of new traded sector jobs. These sectors
increased their concentration of employment,
wages and firm growth at rates higher than the
US average.
- Manufacturing sectors experienced mixed
growth over the past five years; food processing
and transportation equipment lost employment,
while fabricated metals and smaller
manufacturing sectors (textiles, woods, and
electrical components) slightly increased
employment concentration.
- Construction sectors showed higher than
average concentrations of employment, reflective
of recent development activity in the region.
Wage Highlights
Firm (Establishment) Highlights
To see the entire Economic Performance Update,
visit
www.manateeedc.com. |
