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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 3% for these sectors.  The greatest annual growth rate of 4.94 is projected in the construction industry.  

Ten-Year Forecast of the Industry in Denton County

Industry Group Avg. Annual
Employment
Forecase Rate%
Average Wages Location
Quotient
Utilities 3.74 $64,000 2.48
Auto/Auto-related 3.70 $63,700 1.65
Education 3.93 $43,700 1.30
Retail 3.59 $42,400 1.20
Construction 4.94 $54,600 1.17
Consumer Svc. 3.68 $20,200 1.16
Financial Svc 3.48 $69,000 1.00
Professional Svc 4.54 $56,900 0.92
Health 5.10 $42,700 0.88
Wood/Paper 3.03 $55,500 0.87
Metal & Product Mfg 3.62 $71,200 0.85
Machinery Mfg 2.33 $56,600 0.76
Freight Tran 3.51 $51,900 0.69
Public Admin 2.88 $56,400 0.61
Coal/Oil/Power 3.21 $86,100 0.60
Electric/Electronics Mfg 1.97 $74,500 0.60
Chemical 2.65 $48,200 0.51

Source:  JobsEQ® Data as of 2014Q4

LQ > 1= higher than national average concentration
Cluster: geographic concentration of occupations that are interrelated