Corporate management in selected local economies

Summary 07-02 / May 2007 U.S. Department of Labor U.S. Bureau of Labor Statistics

Continued on back

I

n June of 2006, Corporate, Subsidiary, and Regional Managing

Offices establishments employed

1.7 million people. In some counties, managing offices employed a

large portion of the workforce and

thereby played an important role in

the local economies. This study examines selected large counties (those

with 75,000 jobs or more) with significant employment in managing

offices.

The counties with the highest

employment in managing offices

were Los Angeles County, New York

County, and Cook County, Illinois,

which contains Chicago. (See table.)

However, there were several other

counties notable for employing larger

portions of their workforces in headquarters offices.

Benton County, Arkansas, had

the highest concentration of managing office employment among the

largest U.S. counties. The 12,753

jobs in this industry made up 13.5

percent of the county’s total employment. In the U.S. overall, managing offices accounted for only 1.3

percent of jobs. Benton County’s

employment was therefore very concentrated in this industry, with 10.7

times the concentration level of the

U.S. as a whole. This comparison of

concentration levels is known as a

location quotient; therefore, in managing office employment, Benton

County had a location quotient of

10.7 when compared with the U.S.

Managing office employment in

Benton was more than twice as concentrated as it was in any other large

county in the U.S. (In contrast, the

62,500 headquarters jobs in Los

Angeles County yielded a location

quotient of only 1.2.)

The county with the second highest location quotient for managing

office employment was St. Louis

City, Missouri, which had 14,642

jobs in managing offices, for a location quotient of 5.2. St. Louis

County, which is located next to St.

Louis City, also had a high density

of jobs in managing offices. St. Louis

County had a location quotient of

3.3 for managing offices, ranking

seventh highest in the nation. The

county’s total of 26,176 headquarters jobs also ranked seventh-highest in the nation, making the St.

Louis area an important center for

corporate management.

A high proportion of managing

offices was also present in the counties of Hennepin County, Minnesota, which contains Minneapolis,

and Ramsey County, which contains

St. Paul. Ramsey County, with

16,821 jobs in managing offices,

ranked fourth with a location quotient of 4.0. Adjacent Hennepin

County’s location quotient of 3.4

was the sixth, and its industry job

total of 36,374 was the fourth-highest in the nation.

Hamilton County, Ohio, which

contains Cincinnati, is the only other

county where both the employment

level and concentration in managing

offices ranked in the top ten in the

nation. Hamilton’s employment

concentration in the industry was

the fifth highest in the nation, with a

location quotient of 3.9. The 26,420

jobs in managing offices ranked sixth.

These data were obtained by the

Quarterly Census of Employment

and Wages in the Bureau of Labor

Statistics. Data presented here are

for all private-sector workers covered by State and Federal unemployment insurance programs. For additional information, contact Paul

Ferree, an economist in the Division

of Administrative Statistics and

Labor Turnover, Office of Employment and Unemployment Statistics.

E-mail: ferree.paul@bls.gov. Telephone: 202-691-6791. Information

in this summary will be made available to sensory impaired individuals upon request. Voice phone: (202)

691-5200. Federal Relay Service:

1-800-877-8339. This report is in

the public domain and may be reproduced without permission.

Top 10 large U.S. counties in managing office employment concentration

0

10

20

30

40

50

Benton

County,

Arkansas

St. Louis

City,

Missouri

Henrico

County,

Virginia

Ramsey

County,

Minnesota

Hamilton

County, Ohio

Hennepin

County,

Minnesota

St. Louis

County,

Missouri

Rock Island

County,

Illinois

Somerset

County, New

Jersey

Winnebago

County,

Wisconsin

Employment (000s)

0

3

6

9

12

15

Location quotient

Employment Location quotient
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Employment in managing offices (NAICS 551114), selected counties June 2006

County

June 2006

Employment Location Quotient

Los Angeles County, California ........................................ 62,532 1.185

New York County, New York ............................................ 45,902 1.579

Cook County, Illinois ........................................................ 43,979 1.363

Hennepin County, Minnesota ........................................... 36,374 3.401

Orange County, California ................................................ 28,329 1.472

Hamilton County, Ohio ..................................................... 26,420 3.949

St. Louis County, Missouri ............................................... 26,176 3.296

Wayne County, Michigan ................................................. 23,387 2.380

King County, Washington ................................................ 23,081 1.582

Middlesex County, Massachusetts .................................. 20,431 2.001