A Look at Key New North Industries
Industry Overview
Manufacturing jobs are expected to grow 2% over the next 5 years.
Manufacturing
Industry Characteristics
Industry | 2024 Jobs | 2024 Average Earnings Per Worker | 2024 LQ (Industry Concentration) | 2019-2024 % Change in Jobs |
|---|---|---|---|---|
| Manufacturing | 140,541 | $85,672 | 2.9 | -2.21% |
Key Takeaways from the NAM Manufacturers Report
Nearly 94% of respondents say that it is important for the federal tax code to help reduce manufacturers’ costs for conducting R&D, accessing capital via business loans and investing in capital equipment purchases, with 58% saying that it is very important.
The majority of respondents (72.4%) said that the length and complexity of the current permitting reform process affects their investment decisions in various degrees, with 38.9% suggesting that they were extremely or moderately impacted. In survey responses throughout 2023, manufacturers stated that reform to the current system could allow them to hire more workers, expand their business and increase wages and benefits.
More than 65% of manufacturers cited the inability to attract and retain employees as their top primary challenge.
An unfavorable business climate (58.9%), rising health care and insurance costs (58.2%) and weaker domestic economy and sales for manufactured products (53.2%) are also impacting manufacturing optimism.
Retail jobs are expected to grow 3% over the next 5 years
Retail
Industry Characteristics
Industry | 2024 Jobs | 2024 Average Earnings Per Worker | 2024 LQ (Industry Concentration) | 2019-2024 % Change in Jobs |
|---|---|---|---|---|
| Retail Trade | 79,385 | $36,840 | 1.14 | 3.86% |
Sales Tax Distrubtions by Month
New North Regional Aggregate
Wisconsin Department of Revenue
Construction jobs are projected to grow 4% over the next 5 years
Construction
Industry Characteristics
Industry | 2024 Jobs | 2024 Average Earnings Per Worker | 2024 LQ (Industry Concentration) | 2019-2024 % Change in Jobs |
|---|---|---|---|---|
| Construction | 46,370 | $83,297 | 1.06 | 8.42% |
Health care jobs are expected to grow by 5% over the next 5 years
Healthcare
Industry Characteristics
Industry | 2024 Jobs | 2024 Average Earnings Per Worker | 2024 LQ (Industry Concentration) | 2019-2024 % Change in Jobs |
|---|---|---|---|---|
| Health Care and Social Assistance | 84,181 | $73,271 | 0.94 | 2.64% |
Top 20 Healthcare Companies
By Job Postings
Company | Latest 90 Days Unique Postings | Latest 90 Days Unique Postings % Change |
|---|---|---|
| Advocate Aurora Health | 954 | -35.5% |
| ThedaCare | 680 | -12.8% |
| Froedtert & The Medical College of Wisconsin | 300 | 14.3% |
| Prevea Health | 289 | -5.2% |
| SSM Health Care | 276 | 3.3% |
| LHC Group | 252 | 24.6% |
| Bellin Health | 245 | -11.8% |
| Ascension | 240 | -6.3% |
| YMCA | 233 | 8.2% |
| Community Horizons | 212 | 5.7% |
| Home Instead | 211 | 24.2% |
| Albany Medical College | 189 | 78.3% |
| Hospital Sisters Health System | 184 | -49.5% |
| Eden Senior Care | 136 | 68.4% |
| Almost Family | 131 | 15.3% |
| Bay Area Medical Center | 101 | |
| Saint Vincent Hospital | 89 | 21.3% |
| Goodwill | 74 | 4.1% |
| KinderCare Education | 74 | -10.8% |
| Caravel Autism Health | 71 | 16.9% |
Energy, power, and control jobs are expected to grow 4% over the next 5 years.
Energy, Power, and Control
Industry Characteristics
Industry | 2024 Jobs | 2024 Average Earnings Per Worker | 2024 LQ (Industry Concentration) | 2019-2024 % Change in Jobs |
|---|---|---|---|---|
| Electrical Contractors and Other Wiring Installation Contractors | 5,556 | $91,925 | 1.18 | 5.6% |
| Other Engine Equipment Manufacturing | 3,304 | $96,148 | 18.85 | 11.84% |
| Engineering Services | 3,126 | $114,125 | 0.69 | 7.92% |
| Custom Computer Programming Services | 2,065 | $100,748 | 0.43 | -14.4% |
| Printed Circuit Assembly (Electronic Assembly) Manufacturing | 1,748 | $75,666 | 8.03 | 17.35% |
| Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing | 964 | $100,545 | 2.76 | 13.24% |
| Power, Distribution, and Specialty Transformer Manufacturing | 495 | $94,893 | 4.2 | 718.81% |
| Electronic and Precision Equipment Repair and Maintenance | 479 | $63,500 | 0.8 | 3.17% |
| Fossil Fuel Electric Power Generation | 470 | $171,531 | 1.7 | 39.32% |
| Nuclear Electric Power Generation | 457 | $202,824 | 3.4 | -21.18% |
| Packaging Machinery Manufacturing | 434 | $117,435 | 4.82 | 6.7% |
| Fluid Power Pump and Motor Manufacturing | 431 | $82,842 | 6.4 | 27.53% |
| Electric Power Distribution | 394 | $161,562 | 0.46 | -12.52% |
| Mechanical Power Transmission Equipment Manufacturing | 367 | $100,174 | 7.54 | 20.8% |
| Other Heavy and Civil Engineering Construction | 293 | $88,878 | 0.43 | 28.49% |
Food and beverage is expected to grow 5% over the next 5 years.
Food and Beverage
Industry Characteristics
Industry | 2024 Jobs | 2024 Average Earnings Per Worker | 2024 LQ (Industry Concentration) | 2019-2024 % Change in Jobs |
|---|---|---|---|---|
| Animal Production | 18,334 | $46,987 | 4.52 | 6.55% |
| Cheese Manufacturing | 9,392 | $91,095 | 42.48 | 9.4% |
| Meat Processed from Carcasses | 3,776 | $83,216 | 6.93 | 40.3% |
| Crop Production | 3,575 | $43,608 | 0.66 | 2.03% |
| Animal (except Poultry) Slaughtering | 2,883 | $66,681 | 5.35 | -11.2% |
| Frozen Specialty Food Manufacturing | 1,532 | $95,630 | 6.55 | 8.49% |
| Fruit and Vegetable Canning | 1,467 | $81,035 | 6.98 | -25.3% |
| Support Activities for Animal Production | 1,060 | $47,573 | 2.22 | -2.93% |
| Retail Bakeries | 933 | $30,053 | 1.91 | 44.82% |
| Farm Labor Contractors and Crew Leaders | 784 | $34,687 | 0.63 | 1.9% |
| Poultry Processing | 719 | $77,905 | 0.83 | -14.07% |
| Commercial Bakeries | 691 | $67,319 | 1.22 | 17.54% |
| All Other Miscellaneous Food Manufacturing | 644 | $76,522 | 3.65 | 26.14% |
| Coffee and Tea Manufacturing | 635 | $61,781 | 5.05 | 10.55% |
| Other Animal Food Manufacturing | 614 | $86,462 | 4.46 | -7.54% |
Aerospace is projected to grow 11% over the next 5 years.
Aerospace
Industry Characteristics
Industry | 2024 Jobs | 2024 Average Earnings Per Worker | 2024 LQ (Industry Concentration) | 2019-2024 % Change in Jobs |
|---|---|---|---|---|
| Machine Shops | 4,278 | $74,244 | 4.13 | -3.61% |
| Aircraft Manufacturing | 1,043 | $108,319 | 1.15 | 36.36% |
| Scheduled Passenger Air Transportation | 445 | $92,396 | 0.25 | -43.2% |
| Other Support Activities for Air Transportation | 234 | $77,675 | 0.43 | 53.94% |
| Motor Vehicle Seating and Interior Trim Manufacturing | 224 | $79,437 | 0.82 | -62.72% |
| Other Aircraft Parts and Auxiliary Equipment Manufacturing | 112 | $105,572 | 0.3 | -43.42% |
| Aircraft Engine and Engine Parts Manufacturing | 48 | $134,533 | 0.15 | 12,895.77% |
| Other Airport Operations | 44 | $40,200 | 0.1 | 0.9% |
| Nonscheduled Chartered Passenger Air Transportation | 40 | $74,791 | 0.2 | -58.07% |
| Scheduled Freight Air Transportation | 18 | $46,874 | 0.29 | 10.38% |
| Other Nonscheduled Air Transportation | 13 | $45,785 | 0.28 | -11.88% |
| Nonscheduled Chartered Freight Air Transportation | 13 | $104,505 | 0.3 | 77.86% |
| Hardware Manufacturing | 11 | $79,070 | 0.12 | -76.77% |
| Air Traffic Control | 9 | $88,708 | 0.94 | 2.24% |
| Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing | 1 | $191,478 | 0 |
Biohealth is projected to grow by 8% over the next 5 years.
Biohealth
Industry Characteristics
Industry | 2024 Jobs | 2024 Average Earnings Per Worker | 2024 LQ (Industry Concentration) | 2019-2024 % Change in Jobs |
|---|---|---|---|---|
| Medical Laboratories | 1,138 | $73,888 | 1.29 | 31.46% |
| Farm Supplies Merchant Wholesalers | 868 | $71,247 | 1.93 | -13.65% |
| Dental Equipment and Supplies Manufacturing | 650 | $85,544 | 10.58 | 18.4% |
| Testing Laboratories | 590 | $75,453 | 0.91 | 1.64% |
| Pharmaceutical Preparation Manufacturing | 496 | $92,164 | 0.6 | 14.76% |
| Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers | 450 | $111,466 | 0.4 | 53.72% |
| Surgical Appliance and Supplies Manufacturing | 287 | $84,039 | 0.78 | 27.81% |
| Drugs and Druggists' Sundries Merchant Wholesalers | 259 | $106,118 | 0.28 | -17.05% |
| Fertilizer (Mixing Only) Manufacturing | 80 | $86,749 | 2.67 | -44.16% |
| Soybean and Other Oilseed Processing | 67 | $127,395 | 1.85 | 4.86% |
| Ethyl Alcohol Manufacturing | 28 | $102,099 | 0.76 | 35.45% |
| Biological Product (except Diagnostic) Manufacturing | 12 | $71,496 | 0.07 | 305.24% |
| Wet Corn Milling | 7 | $47,981 | 0.15 | 101.23% |
| Nitrogenous Fertilizer Manufacturing | 3 | $8,376 | 0.08 | -73.15% |
| Electromedical and Electrotherapeutic Apparatus Manufacturing | 2 | $53,927 | 0.01 | -65.48% |
Forest Products are projected to decrease by 5% over the next 5 years.
Forest Products
Industry Characteristics
Industry | 2024 Jobs | 2024 Average Earnings Per Worker | 2024 LQ (Industry Concentration) | 2019-2024 % Change in Jobs |
|---|---|---|---|---|
| Logging | 432 | $44,451 | 1.32 | -30.93% |
| Support Activities for Forestry | 198 | $29,271 | 1.31 | 23.96% |
| Forest Nurseries and Gathering of Forest Products | 21 | $26,470 | 1.61 | 147.73% |
Transportation and logistics is expected to grow 3% over the next 5 years.
Transportation and Logistics
Industry Characteristics
Industry | 2024 Jobs | 2024 Average Earnings Per Worker | 2024 LQ (Industry Concentration) | 2019-2024 % Change in Jobs |
|---|---|---|---|---|
| Couriers and Express Delivery Services | 7,137 | $21,010 | 0.76 | 182.99% |
| General Freight Trucking, Long-Distance, Truckload | 5,960 | $84,039 | 1.56 | -7.86% |
| General Warehousing and Storage | 2,570 | $61,780 | 0.4 | 21.38% |
| Local Messengers and Local Delivery | 2,508 | $10,470 | 0.58 | 338.43% |
| General Freight Trucking, Local | 2,395 | $71,598 | 1.1 | 0.37% |
| General Freight Trucking, Long-Distance, Less Than Truckload | 2,380 | $86,600 | 1.97 | 0.5% |
| Specialized Freight (except Used Goods) Trucking, Local | 2,041 | $74,780 | 2.04 | -1.45% |
| School and Employee Bus Transportation | 1,581 | $37,574 | 2.11 | -17.67% |
| Specialized Freight (except Used Goods) Trucking, Long-Distance | 1,329 | $86,837 | 2.43 | 2.8% |
| Limousine Service | 953 | $12,957 | 0.31 | -19.79% |
| Taxi Service | 916 | $18,322 | 0.5 | -22.57% |
| Freight Transportation Arrangement | 733 | $85,301 | 0.61 | 12.96% |
| Rail transportation | 581 | $98,695 | 0.75 | -15.05% |
| Special Needs Transportation | 472 | $36,867 | 1.06 | -12.16% |
| Scheduled Passenger Air Transportation | 445 | $92,396 | 0.25 | -43.2% |
Pulp and paper is expected to decrease by 10% over the next 5 years.
Pulp and Paper
Industry Characteristics
Industry | 2024 Jobs | 2024 Average Earnings Per Worker | 2024 LQ (Industry Concentration) | 2019-2024 % Change in Jobs |
|---|---|---|---|---|
| Paper Mills | 4,870 | $102,703 | 26.8 | -9.99% |
| Paper Bag and Coated and Treated Paper Manufacturing | 2,852 | $93,550 | 14.65 | -1.01% |
| Sanitary Paper Product Manufacturing | 2,745 | $104,934 | 26.97 | -1.39% |
| All Other Converted Paper Product Manufacturing | 1,406 | $82,437 | 22.02 | -16.14% |
| Corrugated and Solid Fiber Box Manufacturing | 1,256 | $117,014 | 3.37 | -22.78% |
| Other Paperboard Container Manufacturing | 843 | $96,728 | 9.05 | -20.99% |
| Paperboard Mills | 608 | $106,667 | 5.15 | -0.32% |
| Folding Paperboard Box Manufacturing | 603 | $74,244 | 5.85 | 129.73% |
| Stationery Product Manufacturing | 109 | $78,966 | 2.24 | -20.31% |