Monday, January 22, 2007

Montgomery County One-Year Industry Employment Change

In Montgomery County, Alabama, the total number of workers for all sectors has decreased by 3,102 jobs from mid-2005 to mid-2006.

Of the 66 industries with industry data reported by the BLS in each quarter, 39 showed an escalation in the number employed, while 25 industry sectors accounting for employment declines during that time period.

Total One-Year Employment Growth in Montgomery County

From the industries (4-digit NAICS) in the area, the Limited-service eating places industry has brought the most jobs with a total of 93 jobs added during the time period. These new jobs in the Limited-service eating places industry makes up 32.3 percent of the growth in Montgomery County.

Top 5 Industries
1. Limited-service eating places (93 new jobs)
2. General medical and surgical hospitals (46 new jobs)
3. General freight trucking (29 new jobs)
4. Services to buildings and dwellings (19 new jobs)
5. Consumer goods rental (19 new jobs)

Total One-Year Employment Decline in Montgomery County

Given the industries in the area, the Grocery stores industry faced the greatest employment loss with a total loss of 73 jobs. The declines in the Grocery stores industry make up 12.8 percent of the employment lost during the period in Montgomery County, Alabama.

Top 5 Industries
1. Grocery stores (73 jobs lost)
2. Building finishing contractors (52 jobs lost)
3. Building foundation and exterior contractors (47 jobs lost)
4. Building equipment contractors (38 jobs lost)
5. Full-service restaurants (36 jobs lost)

Montgomery County One-Year Percentage Decline in Employment

The Electronics and appliance stores industry has lost the largest percent of jobs, losing 61.7 percent from 2005 (2nd Quarter) to 2006 (2nd Quarter). These losses have declined faster than the industry has experienced in the State of Alabama, where the industry reported a loss of 1.3 percent. The losses in the Electronics and appliance stores industry in Montgomery County outpaced the United States in terms of percentage decline of industry employment. In this period, the United States gained 3.4 in percent of workers in the Electronics and appliance stores industry.

Top 5 Industries
1. Electronics and appliance stores (61.7 percent decline)
2. Electronic markets and agents and brokers (57.8 percent decline)
3. Building finishing contractors (53.4 percent decline)
4. Drinking places, alcoholic beverages (47 percent decline)
5. Professional and similar organizations (45.5 percent decline)

Total industry employment has decreased by 19.2 percent since the 2nd Quarter figures of 2005. This change is greater than growth in Alabama, which went through a gain of 2.0 percent from 2005 (2nd Quarter). The losses in the area were greater than than the gain reported at the US level of 2.0 percent.

Montgomery County One-Year Percentage Growth in Employment

The Consumer goods rental industry has witnessed the largest percentage of employment expansion, increasing by 105.7 percent from 2005 (2nd quarter) to 2006 (2nd quarter). This industry sector in Montgomery County has increased employment faster than the industry job growth experienced in Alabama, where the industry felt a loss of 4.2 percent. The Consumer goods rental industry in Montgomery County outpaced the nation in terms of industry employment growth . During this period, the nation lost 4.6 percent in this industry.

Top 5 Industries
1. Consumer goods rental (105.7 percent gain)
2. General freight trucking (47.3 percent gain)
3. Household goods repair and maintenance (28.3 percent gain)
4. Legal services (25.3 percent gain)
5. Nonresidential building construction (23.2 percent gain)





About: This report is part 1 of 6 in the eCanned.com Industry Analysis Series.

Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW). Private Sector Employment Only.

Wednesday, January 10, 2007

Income and Poverty in Montgomery County, Alabama

The areas median household income has declined from the values (adjusted for inflation) in 2000. The median has decreased to $40,401, which represents a 4 percent decline. Montgomery County, Alabama, when comparing total percent of decline, ranks 14 of 19 counties in percent of decline for median household income in the State of Alabama. Montgomery County ranks 512 of 668 counties (or parishes) when analyzing the decline in household income across the nation.

The American Indian and Alaska Native households in Montgomery County reported a median household income of $43,144, this median was 2.5 percent greater than the median income level in this area. Hispanic Householders in Montgomery County, Alabama recorded a median income of $56,727, this income level is 34.8 percent greater than reported value of the areas total household median income for all households. In Montgomery County, Alabama White householders had a median income (2005 Dollars) of $55,947 according to the Decennial Census of 2000, which was 33 percent greater than the median in 2000. The Asian headed households reported median household incomes of $57,825. This median is 37.4 percent greater than the all households reported median in the area. Black or African American householders reported a median household income that was 31 percent less than the all population median published in the 2000 Census, with a median of $29,035.

As the median income level saw a decline in the last five year in Montgomery County, Alabama, the Race/Ethnicity group that experienced the largest decline in median income was the Hispanic Race/Ethnicity category. This category went through a decline of 43.6 percent in the last five years. The Asian Race/Ethnicity group has been least impacted by the median income decline in Montgomery County, undergoing a 74.5 percent increase in median household income from 2000 to 2005.

When analyzed against other counties (and parishes) in the US, Montgomery County had a medium-high household income of $42,076 (Adjusted to 2005 Dollars). This figure is 5.1 percent higher than the median in Alabama of $39,938 and the income level is 16.8 percent lower than the median household income in the United States of $49,133.

The poverty rate in Montgomery County, Alabama has declined by 0.9 percent since the amounts published in 2000, moving from 17.3 percent to 16.4 percent.

Contrasted against to other counties (or parishes) throughout the US, Montgomery County, Alabama may be understood as having a medium-high rate of poverty among the people, accounting a rate of 17.3 percent of the individuals existing in families with incomes under the poverty level in 1999. The Black or African American race/ethnicity population category, holds the highest rate of poverty with 29.8 percent of the 2000 population living in poverty. People that are of the age 6 to 11 years have the largest percent of population in poverty in Montgomery County, having 27.1 percent of the population in this age category living in poverty.

Datasource: U.S. Bureau of the Census. 2000 Decennial Census. 2005 American Community Survey.

 

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