EMPLOYMENT & INDUSTRY TOP EMPLOYERS MIGRATION FLOWS INDUSTRIAL DIVERSITY Baptist Health Systems of Southern Florida Publix Supermarkets Inc. University of Miami Jackson Health System American Airlines AT&T Precision Response Corp. Miami-Dade Community College Wells Fargo & Co. Carnival Cruise Lines American Sales & Management Macy's of Florida Royal Caribbean Intl./ Celebrity Cruise Miami Children's Hospital Florida Power & Light Co. Florida International University Winn-Dixie Stores Inc. Mount Sinai Medical Center HCA Veterans Affairs Medical Center 13,755 12,000 11,890 11,000 9,000 6,629 6,000 5,997 5,432 3,500 3,500 3,368 3,303 3,204 3,178 3,132 3,000 3,000 2,412 2,300 0.80 0.63 0.60 0.40 0.20 0.00 Least Diverse EMPLOYMENT VOLATILITY FROM MIAMI, FL Fort Lauderdale, FL New York, NY West Palm Beach, FL Orlando, FL Tampa, FL Atlanta, GA Cape Coral, FL Houston, TX Washington, DC Jacksonville, FL Total Out-migration Relative to U.S. 100% 80% 140 97% 40% PUBLIC 19,778 17,721 107,492 100 20% 0% Not due to U.S. MIA Due to U.S. 26,194 3,409 3,008 2,923 2,065 1,975 1,600 1,005 999 878 72,513 -8,054 U.S. COMPARATIVE EMPLOYMENT AND INCOME Sector % of Total Employment MIA 0.0% 3.1% 3.6% 55.9% 44.1% 6.0% 6.9% 12.9% 1.8% 6.3% 13.5% 16.5% 11.1% 3.9% 14.4% Mining Construction Manufacturing Durable Nondurable Transportation/Utilities Wholesale Trade Retail Trade Information Financial Activities Prof. and Bus. Services Educ. and Health Services Leisure and Hosp. Services Other Services Government FL 0.1% 4.5% 4.3% 66.0% 34.0% 3.2% 4.2% 13.1% 1.8% 6.6% 14.5% 15.2% 13.1% 4.2% 15.1% U.S. 0.6% 4.2% 8.9% 62.0% 38.0% 3.7% 4.2% 11.1% 2.0% 5.8% 13.2% 15.1% 10.1% 4.1% 16.8% NET MIGRATION, MIA Average Annual Earnings MIA $28,907 $51,523 $59,221 nd nd $55,671 $74,932 $34,170 $95,462 $41,555 $48,731 $47,857 $31,661 $22,611 $73,453 FL $16,910 $46,244 $67,283 $71,547 $59,206 $52,086 $71,007 $31,794 $74,092 $33,825 $47,441 $49,040 $27,435 $27,733 $66,560 U.S. $70,081 $53,795 $73,041 $75,070 $69,828 $60,610 $75,460 $31,162 $91,647 $46,508 $60,384 $49,569 $24,000 $33,510 $66,559 Sources: Percent of total employment -- Moody's Analytics & BLS, 2011; Average annual earnings -- BEA, 2010 HOUSE PRICES NAICS INDUSTRY 300 250 200 150 100 50 97 00 03 06 MIA 09 12 U.S. Source: FHFA, 1996Q1=100, NSA GVSL 7225 6221 7211 4451 6211 GVF 5411 5616 5613 4481 8139 5221 4521 4811 Aa2 COUNTY AS OF AUG 01, 2011 08 09 10 11 2008 2009 2010 2011 -39,826 33,221 -6,605 Domestic Foreign Total -19,592 33,018 13,426 -2,270 27,630 25,360 18,386 19,996 38,382 PER CAPITA INCOME EMPLOYEES (000) 125.2 64.3 41.5 26.3 22.4 21.8 Federal Government 19.8 Legal services 19.5 Investigation and security services 16.4 Employment services 16.4 Clothing stores 16.3 Business; professional; labor; political organizations 15.5 Depository credit intermediation 14.8 Department stores 13.8 Scheduled air transportation 13.1 Sources: BLS, Moody's Analytics, 2011 MOODY'S ANALYTICS / Pr?cis U.S. Metro / South / July 2012 10,000 0 -10,000 -20,000 State & Local Government Restaurants and other eating places General medical and surgical hospitals Traveler accommodation Grocery stores High-tech employment As % of total employment MOODY'S RATING 50,000 40,000 30,000 20,000 Sources: IRS (top), 2010; Census Bureau, 2011 LEADING INDUSTRIES 350 19,147 3,878 2,738 2,538 2,287 1,814 1,624 825 792 789 64,459 Net Migration Due to U.S. fluctuations 60% 2011 NUMBER OF MIGRANTS Fort Lauderdale, FL New York, NY Orlando, FL West Palm Beach, FL Tampa, FL Atlanta, GA Cape Coral, FL Jacksonville, FL Washington, DC Naples, FL Total In-migration 1.00 Sources: Guide to Military Installations, 2011, South Florida Business Journal, 2012, The Beacon Council, April 2007 Federal State Local INTO MIAMI, FL Most Diverse (U.S.) 26.2 2.6 36,520 MIA 38,210 39,937 FL U.S. Source: Bureau of Economic Analysis, 2010 67