Job Service Economist On Store Closings & Employee Shortage [Listen]
Bozeman Job Service Economist Emily Klungtvedt (above) gave her views on the employee shortage created by Bozeman's low unemployment rate. LISTEN
Here are some additional perspectives from the Bozeman Area Labor Report
- Payroll jobs are growing quickly in Gallatin County at an average annual increase of 4.8% between 2012 and 2017. The accommodation and food services, construction, and healthcare industries added the most jobs during this time.
- The high-tech industry is supporting Bozeman’s economic growth. High-tech businesses make up 60% of jobs in the professional services industry, 46% in the information industry, and 12% in the manufacturing industry.
- Population growth in Livingston is accelerating, likely in response to the economic growth in Bozeman. Livingston’s population grew at an average annual rate of 1.4% from 2012 to 2017, accelerating to 2.2% from 2016 to 2017. In comparison, the remainder of Park County’s population grew at an average annual rate of 0.6% from 2012 to 2017, and 1.1% in 2017.
- Gallatin County had the ninth highest average annual wage among counties in Montana at $42,611 in 2017. Other sources of income, including income from a high level of entrepreneurial activity, helped increase Gallatin County’s overall income levels. Per capita income was $51,750 in 2017, the third highest in Montana.
- Park County had the 40th highest average annual wage among counties in Montana at $34,101. Other sources of income significantly increased Park County’s level of income. Park County had the 11th highest per capita income in Montana at $47,033.