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Economic & Workforce Comparison

MCEDA Economic Overview

MCEDA ECONOMIC OVERVIEW REPORT

Figure 1: 

ECONOMIC Overview

MADISON COUNTY  MEGA SITE 30- MIN DRIVE-TIME MEGA SITE 45- MIN DRIVE-TIME JACKSON MSA MISSISSIPPI USA
DEMOGRAPHICS
Current Population Estimates 104,562 465,151 592,294 597,727 2,984,418 324,697,795
2016 Population 101,791 465,374 590,036 596,642 2,989,192 318,558,162
2011 Population  93,807 455,183 575,723 584,715 2,956,700 306,603,772
*Annual Population Growth 1.2% **0.2% **0.1% 0.2% 0.1% 0.7%
People per Square Mile 148.7 102.1 94.5 110.0 63.4 92.9
Median Age 37.2 35.5 36.6 36.4 37.5 38.1
LABOR FORCE
Civilian Population – age 16 years and over Current Labor Force Size 55,528 229,059 286,537 288,614 1,334,957 163,555,585
Labor Force Participate Rate 68.4% 63.1% 61.9% 61.4% 57.0% 63.2%
2016 Labor Force Size 52,562 226,134 282,664 284,165 1,341,490 159,807,099
2016 Labor Participation Rate  67.0% 62.8% 61.9% 61.3% 57.6% 63.3%
2011 Labor Force Size 47,987 220,704 278,506 281,397 1,345,129 155,320,515
2011 Labor Participation Rate 67.4% 63.9% 63.4% 62.9% 59.2% 64.7%
Civilian Population – age 25-54  Current Prime-Age Labor Force Participation Rate 85.3% 80.9% 80.2% 79.9% 76.7% 82.1%
2016 Prime-Age Labor Force Participation  Rate 84.7% 79.7% 79.3% 79.0% 76.4% 81.5%
2011 Prime-Age Labor Force Participation  Rate 84.0% 80.4% 80.2% 79.7% 77.2% 82.0%
Unemployment Rate March 2021 (Seasonally adjusted) 4.8% **5.9% **6.0% 6.8% 6.4% 6.5%
Unemployment Rate March 2020 (Seasonally adjusted) 4.2% **4.6% **4.7% 5.6% 5.2% 3.2%
Veterans (Age 18-64) 2,428 12,018 15,129 15,283 89,822 9,143,042

Total Employment (2019 Q4) 

– All Industries

60,843 289,687 289,687 287,103 1,247,794 159,351,268

Top 5 Industry Sectors in Madison County

Total Employment across Top 5 Industry Sectors is 56,393

SOURCE: JobsEQ, Data as of 2020, Q2

Icon of doctor.

6,083

HEALTH CARE & SOCIAL ASSISTANCE

Retial icon

7,337

RETAIL TRADE

(OJT) on the job training icon

7,703

MANUFACTURING & TRANSPORTATION SERVICES

Pre-employment training icon

4,500

Admin & Support / Remediation Services

Service icon

5,510

ACCOMMODATION & FOOD SERVICES

Industry Cluster within Madison County containing the highest relative concentration is Automotive Manufacturing.

Location Quotient: 6.02 I Employment: 9,869 I Average Wage: $31,825 I Growth Rate: 0.2%

Workforce Training Solutions

Recruitment icon

RECRUITMENT

PROVIDE EMPLOYERS FREE JOB POSTING SERVICES IN A COMPREHENSIVE ONLINE RECRUITMENT SYSTEM
Online applicant scanning

ONLINE APPLICANT SCREENING

SCREEN APPLICANTS BASED ON THE EMPLOYER’S JOB REQUIREMENTS
Pre-employment training icon

PRE-EMPLOY TRAINING

VERIFY THAT APPLICANTS POSSESS THE BASIC SKILLS AND APTITUDES REQUIRED
Post-employment training

POST-EMPLOY TRAINING

CUSTOMIZED POST-EMPLOYMENT TRAINING PROGRAMS BASED ON COMPANY’S SPECIFIC NEED
(OJT) on the job training icon

(OJT) ON-THE-JOB TRAINING

REIMBURSE THE COMPANY FOR UP TO HALF OF A NEW EMPLOYEE’S WAGES DURING JOB TRAINING
Holmes Community College logo
Whether it’s customized training to meet the needs of employers or offering welding courses at night to meet workforce needs. Holmes Community College has done it.

  • Manufacturing Training
  • Adult Education
  • Career and Technical Programs
  • Career Services
  • Workforce Innovation and Opportunity Act (WIOA)
  • ACT Career Readiness Certificates
MDES
Companies in Mississippi can take advantage of MDES’s On-The-Job Training Program in which the employer can be reimbursed up to half the cost of training eligible employees. Also, if the company desires to conduct off-site recruiting, MDES’s WIN Job Centers can arrange to have potential employees screened while offering its facilities for use by employers for job fairs or off-site interviews. MORE INFO» 

Source: This summary is based on JobsEO 2018 and DATAUSA

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