Before we get started we recommend you familiarise yourself with the difference between industries and occupations by watching this short video.
Industry data is our foundation data as there are more sources at an industry level and the more sources there are to compare, the stronger our data is.
- Starting with a wide overview of your local economy so you can see an outline of what is going on in your selected region.
- Once you enter an area into the economy overview section it will provide you with snippets of information about a variety of topics.
- The economy overview is important for creating context.
- This overview is just the tip of the iceberg.
- The industry table is a great place to start as you can look at a wide range of industries for a region.
- The industry table works best when the user either selects all available or inputs groups they have created around a specific industry area.
- Analyst will show you industries based on government sic codes or standard industry classification codes, this mean we can view industries with 4 levels of detail. (Level one being the least detail and level 4 the most)
- If you are unfamiliar with SIC codes, you can look at how these are broken down by selecting all levels.
- By selecting the ‘all levels’ option we can see where the industry is due to grow or decline based on the job change.
- It is important to remember that even if the industry shows decline at a 2-digit level, this may not be the whole picture for that particular industry. This is why we provide industry data at a 4-digit level. Which means you have access to the most granular data.
- To understand more about a particular industry, jump to an industry overview.
- To begin with it will provide you with jobs counts, change and average earnings.
- The overview will also provide you with more information about regional trends, staffing patterns and demographics.
- Emsi will also provide you with 5 top regional business through Equifax.
- This report details the relationship this industry has with all occupations.
- This can be seen through a percentage of occupations in an industry and visa-versa.
- Emsi’s occupation reports also have an inverse staffing pattern which shows the industries employing a specific occupation.
- Staffing patterns provides you with all occupations at a 4 digit SOC code level and maps occupation data for your particular industry.
- This table also features a column for education level, these are the average education levels of the occupations in this industry.
Highest & Lowest Industries
- For a quick overview of industries specific to your region, the highest ranking and lowest ranking’ industries look at region specific data and what makes the businesses in your area unique.
- You can look at the highest ranking 10 to 50 industries
- These industries have a high concentration in your selected region which can highlight unique factors that make up your region.
- These reports not only look at the economic activity of a specific industry but also how this compares to the nation.
- For example, you may find that an industry is not the largest or biggest economic contributor in your region but compared to the nation, it may be a niche industry and provide the majority of industry business from your region.
- This is represented with a location quotient graph at the bottom of the page. This is a great visualisation tool to help display how concentrated these industries are in your region. If these circles are large and high in the top right hand corner this simply means, there is a higher concentration of this industry in your region.
- Regional location quotient values are presented against 1 as a national level.