Region Info

Region: Portales MSA County Areas: Roosevelt, New Mexico (35041)

Best Industries To Meet Regional Requirements
NAICS Code Description $ Required(K) $ Satisfied in Region(K) Difference(K) In Region 324110 622110 551114 522110 621111 531110 325199 531210 311119 325412 Petroleum refineries General medical and surgical hospitals Managing offices Commercial banking Offices of physicians, except mental health Lessors of residential buildings All other basic organic chemical mfg. Offices of real estate agents and brokers Other animal food manufacturing Pharmaceutical preparation manufacturing $27,021 $14,719 $8,307 $8,170 $10,610 $6,167 $5,362 $5,369 $6,284 $4,892 $0 $0 $0 $716 $4,402 $499 $0 $282 $1,382 $0 $27,021 no $14,719 no $8,307 no $7,455 yes $6,208 yes $5,668 yes $5,362 no $5,087 yes $4,903 yes $4,892 no

Source: EMSI Covered Employment - Fall 2008

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Fastest Growing Industries

NAICS Code 722211 930000 624190 311911 920000 11A000 311511 722410 484230 623110 Limited-Service Restaurants Local government

Description

2002 Jobs 334 890 75 84 1,179 428 <10 0 248 <10

2007 Jobs 831 1,002 194 178 1,180 513 85 53 271 35

Growth 639 178 160 117 102 99 -55 53 --

Growth % 149% 13% 159% 112% 0% 20% -10000% 9% --

Other Individual and Family Services Roasted Nuts and Peanut Butter Manufacturing State government Agriculture Fluid Milk Manufacturing Drinking Places (Alcoholic Beverages) Specialized Freight (except Used Goods) Trucking, Long-Distance Nursing Care Facilities

Source: EMSI Covered Employment - Fall 2008

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Industries With Top Regional Competitiveness

NAICS Code 722211 11A000 624190 930000 311911 311511 623110

Description

Job Change

Ind Mix Effect 30 -94 20 4 6 -1 0

Nat Growth Effect 25 32 6 67 6 0 0

Expected Change 55 -61 26 71 12 0 0

Competitive Effect 584 161 134 107 105 91 47

Limited-Service Restaurants Agriculture Other Individual and Family Services Local government Roasted Nuts and Peanut Butter Manufacturing Fluid Milk Manufacturing Nursing Care Facilities

639 99 160 178 117 91 47

Source: EMSI Covered Employment - Fall 2008

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Top Multiplier Effects
NAICS Code 814110 491110 221310 522120 522130 311223 311222 311511 621610 522310 Private households Postal service Water supply and irrigation systems Savings institutions Credit unions Other oilseed processing Soybean processing Fluid milk manufacturing Home health care services Mortgage and nonmortgage loan brokers Description Sales Multiplier In Region 2.17 yes 1.93 yes 1.92 yes 1.91 yes 1.91 yes 1.90 no 1.90 no 1.89 yes 1.85 yes 1.85 yes Source: EMSI Covered Employment - Fall 2008

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Fastest Growing Location Quotients

NAICS Code 311911 311511 486210 115111 711130 115210 624190 532120 221310 11A000

Description Roasted Nuts and Peanut Butter Manufacturing Fluid Milk Manufacturing Pipeline Transportation of Natural Gas Cotton Ginning Musical Groups and Artists Support Activities for Animal Production Other Individual and Family Services Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing Water Supply and Irrigation Systems Agriculture

Size (Jobs) 201 97 27 <10 27 11 234 13 <10 527

5 Yr % Change LQ 15019% 3081% 1278% -735% 704% 619% 414% -333%

Current LQ 311.64 32.90 19.06 -11.97 7.04 11.49 4.14 -13.32

Source: EMSI Covered Employment - Fall 2008

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Data Sources and Calculations Input-Output Data
The input-output model in this report is created using the national Input-Output matrix provided by the federal Bureau of Economic Analysis. This is combined with the national Total Gross Output, the regional Total Gross Output, the land area of the subject region, regional DIRT data and regional in/out commuter patterns in order to calculate regional requirements, imports and exports. After using matrix algebra to calculate the regional multiplier, the resulting matrix is multiplied by the sales vector and converted back to jobs or earnings. Specifically, this data comes from the U.S. Department of Commerce, Bureau of Economic Analysis, Industry Economic Accounts: Benchmark & Annual Input-Output (I-O) Accounts.

Industry Data
In order to capture a complete picture of industry employment, EMSI basically combines covered employment data from Quarterly Census of Employment and Wages (QCEW) produced by the Department of Labor with total employment data in Regional Economic Information System (REIS) published by the Bureau of Economic Analysis (BEA), augmented with County Business Patterns (CBP) and Nonemployer Statistics (NES) published by the U.S. Census Bureau. Projections are based on the latest available EMSI industry data, 15-year past local trends in each industry, growth rates in statewide and (where available) sub-state area industry projections published by individual state agencies, and (in part) growth rates in national projections from the Bureau of Labor Statistics.

Shift Share
Shift share is a standard regional analysis method that attempts to determine how much of regional job growth can be attributed to national trends and how much is due to unique regional factors.

Location Quotient
Location quotient (LQ) is a way of quantifying how concentrated a particular industry, cluster, occupation, or demographic group is in a region as compared to the nation. It can reveal what makes a particular region unique in comparison to the national average.

State Data Sources
This report uses state data from the following agencies: New Mexico Department of Labor, Bureau of Economic Research and Analysis.

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