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Industry Sectors

The table and chart below provide the industry concentration and projected growth of industries in Denton County over the next decade.  The greatest growth can be seen in the Utilities, Automotive, Education and Retail industry clusters.  These are followed by Construction, Consumer Services and Financial Service industries.  All of these industries have a location quotient, greater than one, illustrating that Denton County has a higher concentration than the national average in these industries.  The projected annual growth rate over the 10-year period is above 2.4% for these sectors.  The greatest annual growth rate, among these industries, is projected in the construction sector at 3.3%.

Ten-Year Forecast of the Industry in Denton County

Industry Group Avg. Annual
Employment
Forecase Rate%
2017Q2-2027Q2
Average Wages Location
Quotient
Utilities 1.42 $75,389 2.02
Auto/Auto-related 2.31 $64,582 1.54
Education 2.12 $42,754 1.26
Retail 2.61 $43,346 1.22
Construction 3.30 $58,790 1.17
Consumer Svc. 2.59 $25,218 1.15
Financial Svc 2.63 $76,831 1.09
Professional Svc 3.11 $67,323 0.93
Freight Tran. 2.1 $51,966 0.92
Metal & Product Mfg. 2.03 $63,709 0.90
Wood/Paper 1.96 $63,373 0.85
Health 4.14 $47,773 0.79
Machinery Mfg. 1.39 $58,467 0.79
Electric/Electronics Mfg. 1.16 $86,536 0.65
Coal/Oil/Power 1.98 $84,283 0.63
Media 1.86 $47,335 0.59
Public Admiin. 2.28 $64,481 0.54

Source:  JobsEQ® Data as of 2017Q2
LQ>1 = higher than national average concentration

 

 

 

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