Handout_Economic IndicatorsTHE CITY OF
ECONOMIC
DUBtJE INDICATORS
Masterpiece on the Mississippi
EMPLOYMENT TODAY
Total non-agricultural employment for the Dubuque MSA for May 2016 was 61,100 and unemployment
was 3.3%. Greater Dubuque Development Corp. reported in May that Dubuque County's 1,100 -person year -
over -year labor force increase was the largest percentage increase in the state.
The preliminary report for June 2016 indicates a record high of 61,700. This is an increase
of 1,900 net new jobs vs. June 2015. The state of Iowa saw an increase 23,100 net new jobs
for the same 12 -month period. Dubuque, with 3.2% of the state's population, created 8.2 %
of net new jobs in Iowa for the 12 -month period.
62
60
58
56
54
52
50
48
EMPLOYMENT BENCHMARKS
2009-2015: 6.5% of Iowa's growth in employment
Dubuque MSA's Average Total Non-farm Employment
(in thousands): 2005 - 2015
Source: Bureau of Labor Statistics, U.S. Dept. of Labor
53.8
2005-2015 = 11.3% increase
54.4
59.8
2005 2006 2007 2008 2009
WAGE GROWTH
Average Hourly Earnings
2007: $18
2015: $24.76
37.6% increase
Source: Bureau of Labor Statistics, U.S. Dept. of Labor
2010 2011 2012 2013 2014 2015
DECREASING
UNEMPLOYMENT
2005: 4.4%
2015: 3.6%
May 2016:
Dubuque = 3.3%, U.S. = 4.6%
GROWING PROPERTY VALUES
Dubuque's Assessed Value
2005: $2.7 billion
2015: $3.9 billion
44% increase
$700,000,000
$600,000,000
$500,000,000
$400,000,000
$300,000, 000
$200,000,000
$100,000,000
$0
DUBUQUE COUNTY CONSTRUCTION
Total Residential $287,580,124
Total Commercial $445,150,358
Total Construction Cumulative $732,730,482
2012
2013
2014
2015
-s-Residential Commercial -4-Total Construction Cumulative
DUBUQUE BUSINESS EXPANSIONS
& ADDITIONS*: 2011 - 2015
Businesses that worked with
Greater Dubuque Development Corporation
2011
Flexsteel Industries, Inc.
Giese Companies
Green Industrial Supply
HK Financial Services
Hodge Company
2012
A.Y. McDonald Mfg. Co.
Envision Tees
FedEx Ground*
Giese Companies
Heartland Financial
Klauer Manufacturing Co.
Radio Dubuque
Rousselot, Inc.
Theisen Supply, Inc.
2013
Bright Wood Corporation*
Design Mill Inc*
IIW, P.C.
Sedgwick
2014
Hormel Foods/Progressive Processing*
Kunkel &Associaties
Rockfarm Logistics*
Spahn & Rose
Tri-State Quality Metals
2015
Cottingham & Butler
McCoy Group (Truck County)
2016
2017
Dubuque -area home prices hit
the 'sweet spot'
Telegraph Herald: Jan. 15, 2016
• Homes sales in the tri-state area rose
by about 6 percent in 2015, according
to the East Central Iowa Association of
Realtors.
• Home prices in Dubuque rose by 8.89
percent in the past five years, accord-
ing to the latest study released by the
Federal Housing Finance Agency.
UNDER -PERFORMING REGIONAL COMMUNITIES
& PERSONAL INCOME CHANGE, 2013-2014
Danville, IL
Bloomington, IL
Grand Forks, ND -MN
Peoria, IL
Kankakee, IL
Grand Island, NE
Terre Haute, IN
Springfield, IL
Mankato -North Mankato, MN
Carbondale -Marion, IL
Janesville -Beloit, WI
Sioux City, IA -NE -SD
Topeka, KS
-3.9%
-3.2%
-1.4%
-1.1%
-0.9%
-0.5%
+0.2%
+0.3%
+0.4%
+0.4%
+0.5%
+0.5%
+0.5%
Dubuque's
personal income
growth from
2013-2014
was +3.6%