Shift-shareanalysis is an essential component used in analyzing sustainabilityin a given industry firm. The shift share analysis helps in theidentification of the aggressive state of recruitment efforts and theexisting investment initiatives in Austine Round Tx. Austin-RoundRock, Tx, has experienced a decrease in the employment and populationgrowth since 2000. Job creation is expected to increase, though, itmay not match the pay scale of the 1990s. A metropolitan statisticalarea involves an urban with a population exceeding 50,000 and variousurban clusters with high social and economic integration(Matlaba, Holmes, McCann & Poot, 2014).This study review Austine Round TX, which is a five-countymetropolitan region in the United States.
Thedata for analysis in this case were obtained from the Bureau of LaborStatistics websites. Both the Austine Round TX and United States wereextracted in none seasonally adjusted-annual total employment inthousands of people per month. The annual employment was thencalculated from the data between 2005 and 2015 for each industry. Theemployment rates in Austine Round TX and United States wererepresented in tables and graphs and indicated below. From thegraphical presentation, it was evident that both regions displayed asimilar trend in the employment rates. An increase in the employmentat the national level was attributed to the increase at the regionallevel as evident in the Austine Round TX data. There was a greatrecession in 2010 which resulted to the decrease in the employmentboth in the United States and Austine Round TX.
Line code for Austine-Round Rock, TX MSA
Line code for US Metropilitan portion data
Transport and warehousing
Finance and insurance
Real estate and rental and leasing
Professional, scientific, and technical services
Healthcare and social services
Arts, entertainment and recreation
Accommodation and food services
Other services, except public administration
Government and government enterprises
Locationquotient gives the estimate of economic specialization in the region.The shift share analysis can be performed by calculating theproportion of people employed in Austine Round TX against the numberof the people employed in the same industry at the national level.The location quotient value of less than 1 indicated that the regionhas less specialized labor compared to the national data(U.S. Bureau of Economic Analysis (BEA).
Fromthe table, the region experienced a growth in the employment rateafter the 2010 economic recession in the United States. The data iscongruent to that national data and this indicates that a change inthe national economic performance results alters the rate ofemployment in the region(Lakkakula et al., 2015).
Fromthe graph, it is evident that the region is specialized in sectorssuch as art and entertainment and professional, scientific andtechnical services. In conclusion, a favorable policy developmentshould be training more people in various professions and improvingthe working environments. The development of a comparable nationalemployment rate and the state’s rate helps in the strategizing ofthe development plans aimed at creating employment and equalitythroughout the nation.
Lakkakula,P., Dixon, B. L., Thomsen, M. R., Wailes, E. J., & Danforth, D.M. (2015). Global rice trade competitiveness: a shift‐shareanalysis. AgriculturalEconomics, 46(5),667-676.
Matlaba,V. J., Holmes, M., McCann, P., & Poot, J. (2014). Classic andspatial shift-share analysis of state-level employment change inBrazil. In AppliedRegional Growth and Innovation Models (pp.139-172). Springer Berlin Heidelberg.
U.S.Bureau of Economic Analysis (BEA). (n.d.). Retrieved fromhttps://bea.gov/
No related posts.