- 6,288 more businesses
- 36,652 more employees
- 40.5% increase in total wages
- $8,644 in additional annual wages per employee
- 26.8% increase in wages per employee
Since 2009, the number of businesses in Montana has grown by 15.6% (6.1% greater than the national average of 9.5%). Employment in Montana has grown by 10.8% (3.6% less than the national average of 14.4%). Wages have grown by 26.8% since the end of the Great Recession. This wage growth is 4.3% greater than the national average of 22.5%.
The average weekly wage in Montana of $786 is 26.1% below the national average of $1,064. The gap between the national average has widened from 28.6% a widening of 2.4% since the end of the recession.
The Construction sector has the most businesses in the state of Montana . Since the end of the recession, the number of businesses has grown from 5,998 to 6,287, a gain of 4.8%. The table below illustrates the change in number of businesses in each sector:
|Accommodation and food services||3,575||3,242||10.3%|
|Finance and insurance||2,162||2,038||6.1%|
|Real estate and rental||2,016||1,751||15.1%|
|Transport and warehousing||1,571||1,313||19.6%|
|Arts and entertainment||1,403||1,245||12.7%|
|Agriculture and forestry||1,193||982||21.5%|
|Mining and oil extraction||559||423||32.2%|
All but one sector had growth in the number of businesses there are in the state of Montana. The only sector that declined is the number of businesses is the Utility sector which declined by 11 businesses or 4.7%. The sectors with the strongest growth are Professional services (+31.9%), Waste services (+35.2%), Educational services (+41.1%) and Mining and oil extraction (+32.2%).
The Healthcare sector employs the most workers in the state of Montana . The number of jobs has increased 17.9% since the end of the recession from 57,897 to 68,254. The table below illustrates the change in employment in each sector:
|Accommodation and food services||53,265||45,486||17.1%|
|Finance and insurance||15,113||15,399||-1.9%|
|Transport and warehousing||12,089||10,330||17.0%|
|Arts and entertainment||11,693||11,303||3.5%|
|Mining and oil extraction||6,325||6,501||-2.7%|
|Real estate and rental||5,822||5,411||7.6%|
|Agriculture and forestry||5,650||4,235||33.4%|
A number of sectors lost employees since the recession ended in 2009. Waste services declined by 8.0%, Finance and insurance declined by 1.9% and the Information sector declined by 14.3%. Only two sectors had growth that exceeded 20% and those are in the bottom 5 sectors for number of employees. Agriculture and forestry grew by 33.4% and Educational services grew 24.4% since 2009.
The sector with the highest wages is the Utilities sector at $1,709. Prior to the recession, the sector’s average weekly wage was $1,422. This is an increase of $287 per week or 20.2%. The table below illustrates the change in average weekly wages in each sector:
|Mining and oil extraction||$1,689||$1,356||24.6%|
|Finance and insurance||$1,252||$920||36.1%|
|Transport and warehousing||$815||$660||23.5%|
|Agriculture and forestry||$750||$545||37.6%|
|Real estate and rental||$671||$493||36.1%|
|Arts and entertainment||$425||$326||30.4%|
|Accommodation and food services||$343||$257||33.5%|
Wages in Montana grew 4.3% faster than the national average since 2009. Employees in all 19 sectors had their weekly pay increase by at least 17.5% with Company management (+34.1%) and Finance and insurance (+36.1%) being the most significant as they are both in the top 5 paying sectors.
Each of the sectors in the previous section are made up of a number of detailed industries. The top industry that has experienced the most growth (as a percent) since the recession is Private households which has grown 91.3%. The top industry that has expanded the least is Residential building construction which has has grow by 1.0% in the years since the recession. The table below illustrates the 10 largest industries and their change in the number of businesses since the recession:
|Residential building construction||1,771||1,754||1.0%|
|Wholesale trade agents and brokers||1,071||628||70.5%|
|Computer systems design and related services||1,070||577||85.4%|
|Management consulting services||876||471||86.0%|
|Accounting and bookkeeping services||792||645||22.8%|
|Offices of lawyers||774||700||10.6%|
|Insurance agencies and brokerages||764||658||16.1%|
|Offices of real estate agents and brokers||764||655||16.6%|
|Plumbing and hvac contractors||673||595||13.1%|
The industry that has experienced the most growth in number of employees (as a percent) since the recession is Computer systems design and related services which has grown 43.5%. The industry that has lost the most employees is Nursing care facilities, skilled nursing which has contracted by 12.3% in the years since the recession. The table below illustrates the 10 largest industries and their change in the number of employees since the recession:
|General medical and surgical hospitals||23,369||19,512||19.8%|
|Hotels and motels, except casino hotels||11,785||9,519||23.8%|
|Supermarkets and other grocery stores||9,355||8,069||15.9%|
|Offices of physicians||6,703||6,085||10.2%|
|Gasoline stations with convenience stores||5,278||5,054||4.4%|
|Nursing care facilities, skilled nursing||4,767||5,433||-12.3%|
|Computer systems design and related services||4,495||3,132||43.5%|
|Drinking places, alcoholic beverages||4,461||4,682||-4.7%|
|Residential building construction||4,411||4,019||9.8%|
Since the recession ended, the industry that has experienced the greatest increase in average weekly pay per employee (as a percent) is Computer and peripheral equipment mfg. which has grown 292.7%. The average weekly wage in the Electric power generation industry has grown by 7.7% since the recession. This is the industry with the lowest wage growth among top industries in Montana . The table below illustrates the 10 largest industries and their change in the average weekly wages since the recession:
|Computer and peripheral equipment mfg.||$2,949||$751||292.7%|
|Druggists’ goods merchant wholesalers||$1,981||$1,633||21.3%|
|Musical groups and artists||$1,980||$918||115.7%|
|Electric power generation||$1,903||$1,767||7.7%|
|Offices of physicians||$1,822||$1,317||38.3%|
|Appliance and electronics merchant whls.||$1,794||$1,044||71.8%|
Please note, during the comparison period the NAICS coding has had changes made to it. For proper comparisons we are only including industries that have NOT been affected by these changes.
The biggest percentage change in the number of businesses has been in businesses with 250 to 499 employees. The number of businesses with this number of employees has grown from 42 to 68, which is an increase of 61.9%.
The smallest percentage change in the number of businesses has been in businesses with 100 to 249 employees. The number of businesses with this number of employees has increased from 262 to 287, which is an increase of 9.5%.
Table: Change in the number of Businesses by Size of Business, since the Recession:
|Company Size||Q1 2018||Q1 2010||% Change|
|Fewer than 5 Employees||30,398||25,351||19.9%|
The biggest percentage change in the number of employees has been in businesses with 250 to 499 employees. The number of employees in companies this size has grown from 13,794 to 22,400, which is an increase of 62.4%.
The smallest percentage change in the number of employees has been in businesses with 5 to 9 employees. The number of companies with this number of employees has increased from 44,296 to 47,882, which is an increase of 8.1%.
Table: Change in the number of Employees by Size of Business, since the Recession:
|Company Size||Q1 2018||Q1 2010||% Change|
|Fewer than 5 Employees||43,687||38,586||13.2%|
The biggest percentage change in the average weekly wage has been in businesses with fewer than 5 employees. The average weekly wage in companies this size has grown from $598 to $819, which is an increase of 37.0%.
The smallest percentage change average weekly wages has been in businesses with 50 to 99 employees. The average weekly wage with this number of employees has increased from $610 to $752, which is an increase of 23.3%.
Table: Change Average Weekly Wage by Size Since the Recession:
|Company Size||Q1 2018||Q1 2010||% Change|
|Fewer than 5 Employees||$819||$598||37.0%|
This page was created and is maintained by Kurt Tietjen, Founder of Stavera, High Peak Media & HomeGearWorks.com. Kurt is an executive, data scientist and software engineer who holds an MBA in Management Information Systems. In 2010, he partnered with scientists at Northwestern University to launch The Street Wire. This was one of the first mainstream uses of what would become “Narrative Science”, an artificial intelligence platform specializing in natural language generation. You can contact Kurt on LinkedIn here.