The Economic Value of Main Report

Table 2.4: Income by major industry sector in the MCC Service Area, 2023*

Labor income (millions)

Non-labor income (millions)

Total income (millions) ┼

% of total income

Sales (millions)

Industry sector

Manufacturing

$5,171

$5,473

$10,644

14%

$24,441

Health Care & Social Assistance

$6,475

$1,242

$7,717

10%

$12,635

Finance & Insurance

$3,706

$2,582

$6,288

8%

$10,439

$2,739

$3,280

$6,019

$9,876

Retail Trade

8%

Wholesale Trade

$2,317

$3,187

$5,505

7%

$9,873

Government, Non-Education

$3,990

$1,322

$5,312

7%

$31,336

$3,670

$957

$4,627

$6,900

Professional & Technical Services

6%

Government, Education

$3,722

$0

$3,722

5%

$4,339

Educational Services

$2,890

$746

$3,636

5%

$5,157

Real Estate & Rental & Leasing

$2,086

$1,374

$3,460

5%

$7,467

$2,564

$867

$3,432

$6,642

Construction

5%

Information

$731

$1,899

$2,631

3%

$4,540

Administrative & Waste Services

$1,862

$510

$2,373

3%

$4,290

Utilities

$330

$1,719

$2,049

3%

$3,269

$1,156

$865

$2,021

$4,088

Accommodation & Food Services

3%

Management of Companies & Enterprises

$1,612

$168

$1,780

2%

$2,783

Transportation & Warehousing Other Services (except Public Administration)

$1,098

$513

$1,611

2%

$3,041

$1,094

$213

$1,307

2%

$2,286

Agriculture, Forestry, Fishing & Hunting

$494

$662

$1,156

2%

$2,745

Arts, Entertainment, & Recreation Mining, Quarrying, & Oil and Gas Extraction

$386

$202

$589

1%

$1,022

$85

$262

$347

<1%

$612

Total

$48,178

$28,046

$76,225

100%

$157,779

* Data reflect the most recent year for which data are available. Lightcast data are updated quarterly. ┼ Numbers may not sum to totals due to rounding. Source: Lightcast industry data

Figure 2.7 provides the breakdown of jobs by industry in the MCC Service Area. The Health Care & Social Assistance sector is the largest employer, supporting 97,250 jobs or 14.2% of total employment in the region. The second largest employer is the Retail Trade sector, supporting 64,381 jobs or 9.4% of the region ’s total employment. Altogether, the region supports 684,115 jobs. 7

7 Job numbers reflect Lightcast ’s complete employment data, which includes the following four job classes: 1) employees who are counted in the Bureau of Labor Statistics’ Quarterly Census of Employment and Wages (QCEW), 2) employees who are not covered by the federal or state unemployment insurance (UI) system and are thus excluded from QCEW, 3) self-employed workers, and 4) extended proprietors.

The economic value of Monroe Community College

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