Glossary of Terms

 

I. Economy

 

  • Employment: The number of jobs in the county held by residents and non-residents.

  • Unemployment: The number of people living in the county who are not working.

  • Establishment: The physical location of a certain economic activity—for example, a factory, mine, store, or office.

  • Wages: : Wages are defined as straight-time, gross pay, exclusive of premium pay.

  • Establishment Size: The size of the establishment defined by its employment level.

  • Industry Profile: An analysis of trends in an important industry represented in the county.

  • Business Starts: Newly formed businesses in the county.

  • Personal Income: An individual or household's total earnings from wages, investment enterprises, and other sources.

  • Major Employers: Employers with 20 or more employees in the county.

  • Location Quotient Analysis: Location quotients are a method of quantifying how concentrated particular industries are in Ashtabula County as compared to the nation as a whole. An industry with a local location quotient of 2.0 has twice the percentage of total employment in the industry as the nation as a whole. Industries with high location quotients are generally more dependent on serving customers outside the immediate area and therefore regarded as export-oriented for the area. If an industry has a large employment base and a high location quotient, it is often regarded as a key economic sector and its expansion or contraction is an important indicator of the area's economic health.

 

II. Workforce and Education

 

  • Employment: See above.

  • Unemployment: See above.

  • Labor Force: The labor force includes all persons classified as employed or unemployed.

  • Workforce Profile: An analysis of the major characteristics of workforce in Ashtabula County.

  • Workforce Travel: An analysis of the commuting patterns and related characteristics of the workforce residing and working in the county.

  • Education: An analysis of the characteristics and performance of the public school districts serving the county.

 

III. People and Housing

 

  • Population Change and Migration: An analysis of the major changes and trends related to the population residing in the county. Migration refers to people moving into and out of the county.

  • Population by Community: An analysis of the changes in population at the sub-county or community level.

  • Demographic Profile: An analysis of the characteristics or the population living in the county.

  • Housing Profile: An analysis of of the housing (residential) characteristics of the county.

 

IV. Industries

 

  • Building Permits and Construction: An analysis of residential and commercial building and construction activities in the county.

  • Residential Sales: An analysis of residential property sales in the county and their characteristics.

  • Port Activity: An analysis of the shipping trends in the Ashtabula and Cooneaut ports.

  • Agriculture: An analysis of agricultural production trends in the county and measures of their economic significance.

  • Manufacturing: An analysis of manufacturing trends in the county and their economic significance.

 

V. Community/Government

 

  • Community Profile: An analysis of demographic trends in local communities.

  • Government Profile: An analysis of local government revenue and spending trends in the county.

  • Property Tax Summary: An analysis of property assessed valuation trends in the county.

  • State of Ohio Spending in County: An analysis of spending by state government in the county.

  • Land Use: A profile of land use patterns in the county.