In 1970 petroleum refining provided about 44 percent of the earnings derived from the manufacturing sector and about 18 percent of total earnings. According to the OBERS report, earnings for the economic area will total $8.89 billion in 1967 dollars by 2020, an average annual increase from 1970 of 4.39 percent. Average annual rates of growth for the leading industries are: manufacturing, 3.94 percent; whole sale and retail trade, 4.68 percent; services, 5.14 percent; and government, 5.37 percent. In 2020, petroleum refining will provide about 20% of earnings derived from the manufacturing sector and 7 percent of total earnings. In October 1973, the unemployment rate for the Beaumont Arthur Orange, Texas Standard Metropolitan Statistical Area (SMSA), which consists of Jefferson and Orange Counties, was 3.9%. The overall unemployment rate for 1972 was 5.1%, while the overall rate for the state of Texas was 3.6%. Six refineries were operating in BEA Economic Area 140 in 1970. According to the Bureau of Mines, operable capacity was 1.2 million barrels per calendar day. Annual crude oil input for 1970 was estimated at 379.5 million barrels. Employment derived from crude oil input was 17,388, averaging 21,824 barrels of input per employee for the year. BEA Economic Area 141 is located in southeastern Texas and consists of a land area of 15,696 square miles in Austin, Brazoria, Chambers, Colorado, Fayette, Fort Bend, Galveston, Harris, Liberty, Matagorda, Montgomery, Polk, San Jacinto, Walker, Waller, Washington, and Wharton. According to the 1970 Census, population of the economic area was 2.4 million. From 1960-70 the population increased 34.4 percent, compared with a nationwide increase of 13.3 percent. The two most densely populated counties in 1970 were Harris and Galveston with densities of 1,011 and 426 person per square mile, respectively. These two counties accounted for 81 percent of the economic area's population. The remaining 15 counties had population densities ranging from 11 to 76 persons per square mile. The OBERS report projected the average annual rate of growth for the area to be 1.89 percent, compared with 1.36 percent for the nation. presents several indicators of economic activity in the region. Table 27 Total employment in 1970 for BEA Economic Area 141 was 937,679 according to the 1970 Census of Population (Table 28). Wholesale and retail trade comprised 22.0 percent of total employment; professional services, 16.3 percent; manufacturing, 16.8 percent; and 1/ Information used in this section is taken from Army Corps of Engineers, Report on Gulf Coast Deep Water Port Facilities Texas, Louisiana, Mississippi, Alabama, and Florida, Appendix C, 131-143. Population 2,362,757 2,899,800 3,570,200 5,070, 200 6,033,600 4,247,600 509,097 SOURCES: OBERS Census of Population, 1970 Census of Manufactures, 1963, 1967 Census of Agriculture, 1964, 1969 Bureau of Mines Minerals Yearbook, 1970 1/ Income and Value in thousands of 1967 Dollars. Table 28 EMPLOYMENT FOR SELECTED INDUSTRIES, 1970-2020 BEA ECONOMIC AREA 141 1/Includes industries not listed. SOURCES: 1970 Census of Population OBERS business services, 10.6 percent. The petroleum refining industry employed 11.5 percent of those working in the manufacturing sector and about 2 percent of total employment. From 1970 to 2020, the economic area's total employment will increase at an average rate of 1.92 percent according to OBERS projections. Professional services and manufacturing growth rates are expected to exceed the growth rate of total employment so that their relative shares of the total in 2020 will be 25.4 and 18.0 percent, respectively. Employment in wholesale and retail trade and business services will grow more slowly according to OBERS with their respective, relative shares declining to 21.6 and 8.1 percent. Earnings in BEA Economic Area 141 totaled $6.60 billion in 1967 According to the OBERS report, earnings for the economic area will total $62.03 billion in 1967 dollars by 2020, an average annual increase from 1970 of 4.58 percent. Average annual rates of growth |