Montana Economy At a Glance 2004 December

Cover Montana Economy At a Glance 2004 December
Montana Economy At a Glance 2004 December
Montana.Dept. of Labor And Industry.Research And Analysis Bureau
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This compares with 1.6 percent for Montana and 1.5 percent for the nation (U.S. Bureau of Labor Statistics).
Missoula County's annual employment growth has exceeded the statewide and national rates for some time. Missoula, being a large urban county by Montana standards, will likely grow faster than rural counties, in part because of the long-time historical movement of people from rural to urban areas.
Any economy can be divided into its goods-producing sectors (producing a physical product) a
...nd service-producing sectors. The employment division between these two categories in Missoula County is about 12 percent for the goods-producing segment and 88 percent for service sectors. Partly because of this, most absolute job growth is projected to be in the service sector. In terms of payroll jobs, the largest increases are projected for private education and health services (340 per year), leisure and hospitality services (250 per year), retail trade services (180 per year), and professional and business services at about 160 net jobs per year (see the table on the back page).

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