Clackamas County Industry Employment Overview: 2015May 24, 2016
Clackamas County enjoyed strong job growth in 2015, with total employment rising to 151,170 jobs, an increase of 3.6 percent, or about 5,230 jobs over the year. During the housing bubble in 2005, Clackamas County grew by about 5,820 jobs (+4.2%), while its strongest year for job growth came in 2004, with an increase of 6,260 (+4.8%). Employment in Oregon rose by 3.5 percent in 2015, while metro neighbors Multnomah County (+3.1%) and Washington County (+3.7%) highlighted a resilient state and regional economy in 2015.
Private industry employment totaled 134,727 in 2015, with about 89 percent of Clackamas County's jobs, while government totaled 16,443, or 11 percent.
Trade, transportation, and utilities represented one out of four private industry jobs, totaling 33,575. Relative to the national industry base, trade, transportation, and utilities produced a location quotient (LQ) of 1.11 in 2014, indicating that the super sector held a higher concentration of jobs (+11% larger) in Clackamas County.
Within the trade, transportation, and utilities super sector, retail trade was its largest component industry, with 18,563 jobs, or 13.8 percent of Clackamas County's private industry total. Retail trade produced an LQ of 1.05 in 2014, with a slightly higher employment concentration than the U.S. Wholesale trade produced a much higher LQ, at 1.61, while providing 10,850 jobs, or about 8 percent of the county's 2015 private industry total. Utilities provided just over 250 jobs in 2015.
Educational and health services averaged 20,842 jobs in 2015, 15 percent of Clackamas County's private industry total. Relative to the U.S., health care and social assistance produced an LQ of 0.88 in 2014, showing the industry is less concentrated in the local economy than nationally, while private education services generated an LQ of 0.77.
Professional and business services averaged 17,564 jobs in 2015, or about 13 percent of Clackamas County's private industry total. The professional and business services industry includes three components. Its largest, professional and technical services, held 8,367 jobs in 2015. The professional and technical service industry was underrepresented in Clackamas County, producing an LQ of 0.85 relative to the U.S. in 2014. Administrative and waste services, with 7,310 jobs in 2015, and management of companies and enterprises, with 1,886 jobs, also felt short of the U.S. industry profile.
Manufacturing represented 13 percent of Clackamas County's private industry employment with 17,234 jobs in 2015. Manufacturing produced an LQ of 1.26 in 2014, indicating a higher concentration of jobs (+26%) in Clackamas County relative to the U.S. industry structure. Fabricated metal products led manufacturing with 3,381 jobs or nearly one out of five manufacturing industry jobs. Computer and electronic products finished a close second, with 3,347 jobs or close to one out of five. Primary metals also figured prominently, with 2,337 jobs, or 13.6 percent of Clackamas County's manufacturing industry total. Food manufacturing, with 1,695 jobs in 2015, represented about 10 percent of the county's manufacturing jobs, followed by machinery with 1,135 jobs or 6.6 percent and transportation equipment with 843, or close to 5 percent.
Leisure and hospitality averaged 15,032 jobs in 2015, about 11 percent of Clackamas County's private industry total. Accommodation and food services was its largest component industry, with 11,716 jobs, or about 85 percent of the leisure and hospitality total. Arts, entertainment, and recreation held the remaining 15 percent, with 2,202 jobs in 2015. Accommodation and food services produced an LQ of 0.86 in 2014, while arts, entertainment, and recreation landed closer to the U.S. profile, at 0.92.
Construction represented 8 percent of Clackamas County's private industry employment with 12,830 jobs in 2015. Construction was far more prominent in Clackamas County relative to the U.S., producing an LQ of 1.4 in 2014.
Financial activities, with 7,278 jobs (5%) in 2015, represented about 5 percent of Clackamas County's private industry employment. Other services averaged 6,756 (5%) jobs in 2015, natural resources and mining employed 4,160 (3%), and information provided 2,075 (2%).
Labor Force and Unemployment
Clackamas County's seasonally adjusted unemployment rate averaged just 5.2 percent in 2015, a drop of 1.0 percentage point compared with 2014. Unemployment peaked in 2009 when Clackamas County's seasonally adjusted rate averaged 10.4 percent; its pre-recession low came in 2007 at 4.6 percent.
Clackamas County's labor force grew to 204,481 in 2015, an all-time high and a 7.5 percent increase since 2005. Labor force growth picked up rapidly at the on-set of the recession, driving unemployment rates in Clackamas County to a double-digit peak. The county's labor force shrank by nearly 7,400 from 2011 to 2013 – but growth returned in 2014 and accelerated in 2015.
Industry Payroll and Wages
Clackamas County's all industries payroll totaled $7.4 billion in 2015, ranking as the third highest payroll in Oregon behind Washington and Multnomah counties. Wages across all industries averaged $48,837 in Clackamas County with 151,170 jobs. Clackamas County's average wage ranked as the fourth highest in Oregon, behind Washington (1st), Multnomah (2nd), and Morrow counties (3rd), while slightly exceeding Oregon's average ($48,312).
At the major industry level, Clackamas County's largest payroll came from trade, transportation, and utilities, at $1.5 billion in 2015. Although its total payroll led the county, its average wage of $43,706 was below the all industries average wage.
Professional and business services ranked second, with a payroll total of $1.14 billion in 2015. Wages in professional and business services averaged $65,086, more than $16,000 or one-third higher than the county's average for all industries.
Manufacturing's payroll ranked third in Clackamas County at $1.1 billion, while its wages averaged $64,083 or about 31 percent higher than the average for all industries. Total payroll in education and health services also crossed the billion mark, averaging $1.08 billion in 2015. Wages in educational and health services averaged $51,741 or about 6 percent higher than the average for all industries.