NOAA Data Reveals Weight of Ocean and Great Lakes Economy

By Eric Haun
Monday, June 09, 2014
Credit: NOAA

In 2011, the U.S. ocean and Great Lakes economy produced $282 billion in goods and services and employed 2.2 percent of the nation’s workers—that’s more than twice the percentage of workers in the U.S. agriculture industry. This fact and many others are featured in a 2011 data summary from Economics: National Ocean Watch (ENOW), a product of the National Oceanic and Atmospheric Administration (NOAA) Coastal Services Center.

County-level facts, charts and maps highlighting the 2011 data findings are found on the “Ocean Jobs” and “Wetland Benefits” tabs of the Coastal County Snapshots tool.

“A wide variety of U.S. industries and communities depend on the resources of the oceans and Great Lakes,” said Jeffery Adkins, an economist with the center. “ENOW data can help communities stay vital and resilient by highlighting their economic strengths and vulnerabilities, including those that could be affected by ecosystem changes, extreme weather events or sea level rise.”

ENOW’s annual time-series data highlight six economic sectors and cover roughly 400 coastal counties, 30 coastal states, eight regions, and the nation, using data derived from the federal Bureau of Labor Statistics and Bureau of Economic Analysis.

The success story of the 2011 ocean and Great Lakes economy has hundreds of important chapters, and here are just a few:

  • From 2010 to 2011, the ocean and Great Lakes economy gained 67,000 jobs—an increase in employment of 2.4 percent, which was twice the job-growth rate as in the U.S. economy as a whole.
  • Alabama, Delaware, New Hampshire, and Texas experienced the highest rates of employment growth.
  • The tourism and recreation sector accounted for 70 percent of employees but averaged the lowest wages of the six sectors represented.
  • Approximately 120,000 workers were responsible for all the seafood produced in the U.S.
  • Self-employed workers held half the jobs in the living resources sector.


Data Uses
“This is great data to help remind people that we rely on our environment and that we need to nurture it and take care of it, and grow our industry around our coastal waters,” said Harrison P. Bresee, a product user and economic planner for the Middle Peninsula Planning District Commission in Saluda, Virginia.

“ENOW provided a good basic snapshot for us to use to further the conversation with stakeholders, the public, and resource managers,” said Jennifer Hennessy, an ocean policy lead for the Washington State Department of Ecology who is developing an ocean economy report. “It provides a really solid foundation for us to identify further data gaps and inform future studies.”

ENOW data and tools have been used in many other ways—for instance, to develop baseline economic profiles for 70 East Coast communities and to plan for coastal hazards in Florida.

Additional products include the ENOW Explorer, which allows users to interact with data and trends, and a new video in the series, Econ 120: Two Minutes of Economic Sense.

The ENOW product line is part of the Digital Coast initiative led by the NOAA Coastal Services Center. The center works to protect coastal resources and keep communities safe from coastal hazards by providing data, tools, training, and technical assistance.

noaa.gov
 

Maritime Reporter March 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Obangame Express 2015 Concludes in the Gulf of Guinea

Maritime forces from Gulf of Guinea nations, Europe, South America, and the United States and several regional and international organizations concluded the multinational maritime exercise,

Scandlines Ferry Back in Service by End June

The damaged Scandlines ferry M/V Prinsesse Benedikte is being repaired at the Polish shipyard Remontowa and is expected to be ready before the end of June 2015.

Greece Will Sell Piraeus Port Stake in Weeks

The Greek government will sell its majority stake in the port of Piraeus within weeks, the country's deputy prime minister told China's official Xinhua news agency,

Finance

Poland's LNG Terminal - Unfinished Agenda for Saipem

Poland's liquefied natural gas (LNG) terminal at the Baltic port of Świnoujście will be completed only if Italian firm Saipem receives further payment, reports Reuters.

Emission Control to Cost Additional $100 bln for Shipping Lines

The implementation of a global sulfur cap slated for 2020 is estimated to add an additional $50-100 billion to the shipping industry's annual fuel bills, Lloyd's List reports.

Scandlines Ferry Back in Service by End June

The damaged Scandlines ferry M/V Prinsesse Benedikte is being repaired at the Polish shipyard Remontowa and is expected to be ready before the end of June 2015.

News

Germany Fights for Indian Submarine Contract

German giant ThyssenKrupp Marine Systems (TKMS), the parent company of leading submarine builder HDW, will offer India its HDW Class 214 vessel, with an eye to

American Boat Leads in Volvo Ocean Race Leg 5

As the six-strong fleet Volvo Ocean Race continued to endure a helter-skelter ride toward Cape Horn in the Southern Ocean, the American boat Team Alvimedica took the lead, reports AP.

Viking Sets to Sail to Ocean

With Viking Ocean Cruises officially has its first cruise ship, the group has embraced a new strategy intended to split its growth more evenly between river and ocean cruising.

Great Lakes

Soo Locks Open for Great Lakes Shipping Season

At 12:01 a.m. on Wednesday, the U.S. Army Corps of Engineers officially opened the Soo Locks for the start of the 2015 Great Lakes shipping season.   The locks at Sault Ste.

Soo Locks Open for Cargo Ships

Despite the chilly temperatures and heavy snowfall the U.S. Army Corps of Engineers opened the Soo Locks for the start of the Great Lakes shipping season.    The Edwin H.

Pacesetter Award Winners Announced for 2014 Navigation Season

The U.S. Saint Lawrence Seaway Development Corporation (SLSDC) has announced that eight U.S. ports in the Great Lakes St. Lawrence Seaway System are receiving the prestigious Robert J.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Offshore Oil Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.3308 sec (3 req/sec)