The Story of Gold Mystery, Magic,and Money!

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The opinions expressed are solely those of the presenters and do not reflect the
opinions of the Federal Reserve Bank of Dallas or the Federal Reserve System.

County Business Patterns (CBP) examines
local economic data by industry.
◦ Number of firms
◦ Number of paid employees
◦ Payroll



Uses North American Industry Classification
System (NAICS)
Excludes farming & railroads, along with
household jobs
www.census.gov/econ/cbp/index.html
Industry
No. of Firms
Retail trade
76,787
Professional, scientific & technical services
59,757
Health care & social assistance
59,193
Other services (except public administration) 48,097
Accommodation & food services
46,045
Industry
Paid
Employees
Health care & social assistance
1,280,332
Retail trade
1,127,032
Accommodation & food services
908,665
Waste management & remediation services 830,284
Manufacturing
www.bls.gov/iag/home.htm
730,551
Industry
Annual Payroll
($1,000)
Health care & social assistance
$51,168,478
Professional, scientific & technical services $40,436,455
Manufacturing
$38,849,364
Finance & insurance
$28,870,504
Management of companies & enterprises
$28,811,285
Wholesale trade
$28,125,856


The CBP data looks at how big various
sectors are in Texas.
Concentration is a different way of
measuring impact.

Geographically concentrated groups of
companies related by
◦ the technologies they use.
◦ the markets they serve.
◦ the goods and services they produce.
◦ the labor skills they require.
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

LQ is the Ratio of Local Employment
Concentration to National Concentration
within a sector.
Numbers greater than 1 indicate a greater
concentration than the nation as a whole.
Numbers less than 1 indicate a lesser
concentration than the nation as a whole.
LQ
(local employment in industry ÷ US employment in industry)
= -------------------------------------------------(total local employment ÷ total US employment)
Industry
Location
Quotient
1. Oil & gas extraction
5.9
2. Support activities for mining
5.6
3. Pipeline transportation
4.33
4. Funds, trusts & other financial vehicles
2.78
5. Petroleum & coal products manufacturing
2.78
Remember:
Greater than 1 indicates a greater concentration than the nation.
Less than 1 indicates a lesser concentration than the nation.
Industry
Location
Quotient
6. Air transportation
1.67
7. Leather & allied product manufacturing
1.54
8. Support activities for transportation
1.51
9. Information & data processing services
1.42
10. Fishing, hunting & trapping
1.32
Industry
Location
Quotient
11. Computer & elect. product manufacturing
1.24
12. Wholesale trade, durable goods
1.21
13. Broadcasting & telecommunications
1.20
14. Management of companies & enterprises
1.18
15. Nonmetallic mineral product manufacturing
1.15
Energy
Services
Manufacturing
Computer & electronic product manufacturing
4.09
Publishing industries
2.01
Information & data processing services
1.78
Wholesale trade, durable goods
1.63
Lessors of nonfinancial intangible assets
1.57
Remember:
Greater than 1 indicates a greater concentration than the nation.
Less than 1 indicates a lesser concentration than the nation.
Oil & gas extraction
3.05
Air transportation
2.78
Information & data processing services
2.45
Computer & electronic product manufacturing
2.11
Funds, trusts & other financial vehicles
1.82
Pipeline transportation
10.22
Oil & gas extraction
8.44
Funds, trusts & other financial vehicles
8.29
Petroleum & coal products manufacturing
5.08
Support activities for mining
5.07
Leather & allied product manufacturing
7.86
Information & data processing services
2.20
Management of companies & enterprises
1.79
Insurance carriers & related activities
1.65
Pipeline transportation
1.53

Advanced Technology & Manufacturing

Aerospace, Aviation & Defense

Biotechnology & Life Sciences

Information & Computer Technology

Petroleum Refining & Chemical Products

Energy
www.texaswideopenforbusiness.com/industries/index.php
Energy
???
Service
Manufacturing
$250,662
$264,709
$206,992
$162,995
2009 Value
2010 Value
2011 Value
2012 Value
Mexico
 Canada
 China
 Brazil
 Netherlands
 South Korea
 Singapore
 Colombia

Japan
 Belgium

Energy
Exports
Service
Manufacturing

For data about the regional and national economy, see
www.dallasfed.org

For information about key Texas industries, see
www.texaswideopenforbusiness.com/industries/index.php

For industry profiles, see
http://governor.state.tx.us/ecodev/business_research/industry_profiles/%20

To learn about industry classifications, see
www.bls.gov/iag/home.htm

For export data, see
www.census.gov/foreign-trade/statistics/state/data/tx.html
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