Friday, February 23, 2007

Talladega County Five-Year Industry Employment Change

Total Five-Year Employment Growth in Talladega County

Of the industries (4-digit NAICS) in the area, the Foundries industry has grown the most with 467 total jobs brought in during the period. The growth in the Foundries industry makes up 27.0 percent of the total number of new jobs in Talladega County.

Top 5 Industries
1. Foundries (467 new jobs)
2. Motor vehicle and parts merchant wholesalers (318 new jobs)
3. Limited-service eating places (224 new jobs)
4. Machine shops and threaded product mfg. (127 new jobs)
5. Other specialty trade contractors (74 new jobs)

Total Five-Year Employment Decline in Talladega County

From of the area's 4-digit NAICS industries, the Building equipment contractors industry experienced most substantial job loss, losing 261 jobs in that time period. The declines in the Building equipment contractors industry make up 34.6 percent of the jobs lost during the period in Talladega County, Alabama.

Top 5 Industries
1. Building equipment contractors (261 jobs lost)
2. Gasoline stations (105 jobs lost)
3. Building finishing contractors (48 jobs lost)
4. Management of companies and enterprises (42 jobs lost)
5. Automotive equipment rental and leasing (26 jobs lost)

Out of the 58 industry sectors (4-digit NAICS) with employment figures reported by the BLS in each quarter, 28 reported job growth in the duration of the last five years and 30 industries reported a drop in employment.

In Talladega County, Alabama, the entire sum of jobs in all industries overall has increased by 4,811 jobs from mid-2001 to mid-2006.

Talladega County Five-Year Percentage Decline in Employment

The Automotive equipment rental and leasing industry has lost the largest amount of employment in terms of percentage, losing 72.5 percent from 2001 (Q2) to 2006 (Q2). The losses of the area have declined faster than the industry sector has gone through in the Alabama, where the industry reported a loss of 5.6 percent. The losses in the Automotive equipment rental and leasing industry in Talladega County outpaced the US in terms of percent of decline of industry employment. The US lost 5.7 percent in terms of employees in the Automotive equipment rental and leasing industry.

Top 5 Industries
1. Automotive equipment rental and leasing (72.5 percent decline)
2. Private households (60.6 percent decline)
3. Other miscellaneous store retailers (58.2 percent decline)
4. Building finishing contractors (53.4 percent decline)
5. Management of companies and enterprises (44.3 percent decline)

Total industry employment has increased by 23.4 percent from 2001 (2nd Quarter). These figures are greater than growth in Alabama, which experienced a gain of 3.3 percent since the 2nd Quarter of 2001. The gains the area experienced were greater than than the gain felt at the national level of 2.6 percent.

Talladega County Five-Year Percentage Growth in Employment

The Motor vehicle and parts merchant wholesalers industry has seen the largest percentage job growth, expanding by 908.6 percent from 2001 (2nd quarter) to 2006 (2nd quarter). This industry sector in Talladega County has added employment faster than the industry has grown in the State of Alabama, where the industry felt a gain of 18.1 percent. The Motor vehicle and parts merchant wholesalers industry in Talladega County outpaced the United States, which experienced a gained 0.7 percent of the industry employment.

Top 5 Industries
1. Motor vehicle and parts merchant wholesalers (908.6 percent gain)
2. Misc. nondurable goods merchant wholesalers (361.3 percent gain)
3. Other schools and instruction (153.3 percent gain)
4. Electronic markets and agents and brokers (133.9 percent gain)
5. Foundries (107.2 percent gain)





About: This report is part 2 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.

 

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