Growth year-over-year for Gross Regional Product (GRP), Average Earnings per Job, and Taxes by 2-digit NAICS industry sectors for Erie County for years 2010 through 2023. Additionally, predicted Number of Jobs from 2010 to 2025.

To analyze the 'health' of an industry by how it's trending in pay for its employees, how much talent its amassing or losing, its performance financially, and what it's contributing to the County's tax revenues.

Erie shows a generally positive trend in industry growth across key metrics such as average earnings, GRP, jobs, and taxes. Key sectors like Manufacturing, Health Care, and Government are crucial for the region's economy. Recently, in 2023, most industries saw their highest average earnings per job, showing that pay has improved. Gross Regional Product (GRP) highlights significant economic contributions from sectors like Government and Administrative and Support Services. Employment trends show variable peaks, reflecting diverse growth patterns. Additionally, tax contributions peaked in 2023 for many industries, underscoring their fiscal importance.

EVS analyzes the data in each topic category using indicators, which report a targeted and digestible number, rate, or amount to represent Erie County as a whole. While this does not cover every aspect of the topic, it assists in establishing Erie's performance relative to the prior year(s). The indicator for the Business Industry Growth topic is:

 (Coming)

This indicator measures the industry sector with the largest employment growth for the latest data year in Erie County, as a percentage. New establishments contribute to job  and economic growth, and demonstrate a culture of innovation and  entrepreneurship in the region. 

Analysis performed by Data Center on data from Lightcast, 2024.