The Economic Value of Main Report

Figure 2.7: Jobs by major industry sector in the MCC Service Area, 2023*

Health Care & Social Assistance

Retail Trade

Manufacturing

Professional & Technical Services

Finance & Insurance

Government, Education

Accommodation & Food Services

Government, Non-Education

Real Estate & Rental & Leasing

Educational Services

Construction

Administrative & Waste Services

Other Services (except Public Administration)

Transportation & Warehousing

Wholesale Trade

Management of Companies & Enterprises

Arts, Entertainment, & Recreation

Agriculture, Forestry, Fishing & Hunting

Information

Utilities

Mining, Quarrying, & Oil and Gas Extraction

0

20,000

40,000

60,000

80,000

100,000

* Data reflect the most recent year for which data are available. Lightcast data are updated quarterly. Source: Lightcast employment data

Table 2.5 and Figure 2.8 present the mean earnings by education level in the MCC Service Area and the state of New York at the midpoint of the average- aged worker’s career. These numbers are derived from Lightcast complete employment data on average earnings per worker in the region and the state. 8 The numbers are then weighted by the college ’s demographic profile, and state earnings are weighted by students’ settlement patterns. As shown, students have the potential to earn more as they achieve higher levels of education compared to maintaining a high school diploma. Students who earn an associate degree from MCC can expect approximate wages of $36,900 per year within the MCC Service Area, approximately $7,400 more than someone with a high school diploma.

8 Wage rates in the Lightcast MR-SAM model combine state and federal sources to provide earnings that reflect complete employment in the state, including proprietors, self-employed workers, and others not typically included in regional or state data, as well as benefits and all forms of employer contributions. As such, Lightcast industry earnings-per-worker numbers are generally higher than those reported by other sources.

The economic value of Monroe Community College

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