Wednesday, March 21, 2007

In Benton County, jobs in the paper and paper product merchant wholesalers pay the highest wages


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Employment in the paper and paper product merchant wholesalers industry reported the top wages in Benton County for the 2nd quarter of 2006. The average worker in the industry in Benton County earned an annual wage of $102,957 in 2006. The annual wage is greater than the industry wage in Arkansas of $38,673 and greater than then the wage for jobs in this industry in the US of $50,207.

High-wage employment in Benton County, Arkansas are present in securities and commodity contracts brokerage ($81,784), electronic markets and agents and brokers ($76,423), furniture and furnishing merchant wholesalers ($74,303) and nondepository credit intermediation ($73,576) industries. Note: For Detail Comparison, Click the Above Graph

About: These facts are part of 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.

Friday, March 09, 2007

Benton County Wages have increased by 24.4% Since 2001


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Since 2001, industry wages increased in Benton County, Arkansas by a total of 24.4%. This is greater than the growth in wages for the State of Arkansas and greater than the growth in average industry wages for the United States.

About: These facts are part of 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.

Tuesday, February 27, 2007

Benton County Industry Wages Exceed Arkansas, but Wages Lag Behind the United States


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Wages in all industries in Benton County, Arkansas can be understood as being very high when compared to other Counties throughout the state in the 2nd quarter of 2006. The industry wages are 22.2 percent higher than the reported averages in the state of $30,584. The overall industry wage was less than the national industry average of $40,259.

About: These facts are part of 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.

Friday, February 23, 2007

Benton County Five-Year Industry Employment Change

Total Five-Year Employment Growth in Benton County

From the industries (4-digit NAICS) in the area, the General freight trucking industry has added the most employment with 3,656 total jobs brought in during the period. The growth in the General freight trucking industry makes up 21.3 percent of the total growth in Benton County.

Top 5 Industries
1. General freight trucking (3,656 new jobs)
2. Computer systems design and related services (1,378 new jobs)
3. Full-service restaurants (1,323 new jobs)
4. Architectural and engineering services (859 new jobs)
5. Electronic markets and agents and brokers (736 new jobs)

Given the 113 4-digit NAICS industries, 30 reported job growth in the duration of the last five years and 82 industry sectors accounting for employment declines during that time period.

In Benton County, Arkansas, the total number of jobs throughout all industries has increased by 16,943 jobs between mid-2001 and mid-2006.

Total Five-Year Employment Decline in Benton County

The Depository credit intermediation industry experienced most substantial job loss, losing 306 jobs in that time period. The declines in the Depository credit intermediation industry make up 21.7 percent of the jobs lost during the period in Benton County, Arkansas.

Top 5 Industries
1. Depository credit intermediation (306 jobs lost)
2. Grocery stores (204 jobs lost)
3. Other fabricated metal product manufacturing (155 jobs lost)
4. Commercial and service industry machinery (113 jobs lost)
5. Employment services (80 jobs lost)

Benton County Five-Year Percentage Growth in Employment

The Computer systems design and related services industry has seen the largest percentage job growth, expanding by 1205.0 percent from the 2nd quarter of 2001 to the 2nd quarter of 2006. This industry sector in Benton County has grow faster than the overall industry growth seen in the State of Arkansas, where the industry took a gain of 9.8 percent. The Computer systems design and related services industry in Benton County outpaced the US in terms of percent growth of industry employment. During this period, the US lost 3.1 percent.

Top 5 Industries
1. Computer systems design and related services (1205.0 percent gain)
2. Business support services (235.1 percent gain)
3. Home furnishings stores (223.8 percent gain)
4. Nondepository credit intermediation (215.5 percent gain)
5. Investigation and security services (193.1 percent gain)

Benton County Five-Year Percentage Decline in Employment

The Other fabricated metal product manufacturing industry has seen the largest percentage drop in employment, losing 59 percent of the jobs from the 2nd quarter of 2001 to 2nd quarter of 2006. The losses of the area have declined faster than the industry sector has felt in the State of Arkansas, where the industry reported a loss of 12.6 percent. The losses in the Other fabricated metal product manufacturing industry in Benton County outpaced the United States industry losses overall. During this period, the United States lost 13 in percent of jobs in the Other fabricated metal product manufacturing industry.

Top 5 Industries
1. Other fabricated metal product manufacturing (59 percent decline)
2. Travel arrangement and reservation services (44.4 percent decline)
3. Florists (40 percent decline)
4. Commercial machinery repair and maintenance (38.8 percent decline)
5. Commercial and service industry machinery (36 percent decline)

The total number of jobs has increased by 24.7 percent since the 2nd Quarter of 2001. This is greater than growth in Arkansas, which saw a gain of 3.0 percent since 2001 ( 2nd Quarter). The gains in the area were greater than than the gain seen for the United States of 2.6 percent.





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.

Monday, January 22, 2007

Benton County One-Year Industry Employment Change

In Benton County, Arkansas, the total number of jobs throughout all industries has decreased by 2 total jobs between the 2nd Quarter of 2005 and 2nd Quarter of 2006.

Total One-Year Employment Growth in Benton County

Of the industries (4-digit NAICS) in the area, the Farm product raw material merch. whls. industry has added the most employment with 3 total jobs brought in during the period. The growth in the Farm product raw material merch. whls. industry makes up 60.0 percent of the total employment growth in Benton County.

Top 2 Industries
1. Farm product raw material merch. whls. (3 new jobs)
2. Misc. nondurable goods merchant wholesalers (2 new jobs)

Total One-Year Employment Decline in Benton County

The Full-service restaurants industry experienced most substantial job loss, losing 5 jobs during the period. The employment lost in the Full-service restaurants industry make up 93.3 percent of the total job loss in Benton County, Arkansas.

Top 2 Industries
1. Full-service restaurants (5 jobs lost)
2. Services to buildings and dwellings (27 jobs lost)



Benton County One-Year Percentage Growth in Employment

The Farm product raw material merch. whls. industry has gone through the largest job growth by percent, increasing by 8.4 percent from the 2nd quarter of 2005 to the 2nd quarter of 2006. This industry sector in Benton County has grow faster than the growth seen in the industry for Arkansas, where the industry took a loss of 9.3 percent. The Farm product raw material merch. whls. industry in Benton County outpaced the US in terms of percent growth of industry employment. During this period, the US lost 1.3 percent.

Top 2 Industries
1. Farm product raw material merch. whls. (8.4 percent gain)
2. Misc. nondurable goods merchant wholesalers (7.1 percent gain)

Benton County One-Year Percentage Decline in Employment

The Full-service restaurants industry has seen the largest percentage drop in employment, losing 17.1 percent of the jobs from the 2nd quarter of 2005 to 2nd quarter of 2006. The losses of the area have declined faster than the industry sector has felt in the State of Arkansas, where the industry reported a gain of 9.2 percent. The losses in the Full-service restaurants industry in Benton County outpaced the United States in terms of percentage decline of industry employment. In this period, the United States gained 2.2 percent in terms of employees in the Full-service restaurants industry.

Top 2 Industries
1. Full-service restaurants (17.1 percent decline)
2. Grocery stores (1.2 percent decline)

Total employment has decreased by 0.4 percent since the 2nd Quarter figures of 2005. This change is greater than growth in the State of Arkansas, which experienced a gain of 2.3 percent from the 2nd Quarter of 2005. The losses the area experienced were greater than than the gain seen for the United States of 2.0 percent.





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 Benton County, Arkansas

Compared to other counties (and parishes) throughout the nation, Benton County accounted a relatively high household income of $47,129 (2005 Dollars). This median is 20.1 percent higher than the median in Arkansas of $37,653 and the median household income is 4.3 percent lower than the median household income level in the US of $49,133.

The household income has increased from the inflation-adjusted 2000 income levels. The income level has increased to $48,863, which represents a 3.7 percent growth. Benton County, Arkansas, when analyzing percentage of growth, ranks 1 of 1 counties in percent of growth for the household income level in the State of Arkansas. Benton County ranks 44 of 119 counties (or parishes) when comparing the growth in median income in the US.

While household income level experienced a growth during the period of 2000 to 2005 in Benton County, Arkansas, the Race/Ethnicity category that saw the sharpest growth in household income was the Asian Race/Ethnicity category. This category went through an increase of 31.8 percent in the last five years. The White population group was least impacted by the household income growth in Benton County, experiencing a 3.5 percent increase in median income, since the values reported in the 2000 Decennial Census.

Black or African American householders reported household income levels that were 2.4 percent greater than the overall reported level in 2000, with a reported median of $48,263. It was reported in 2000 that the Asian headed households had median household incomes of $59,823. This median income level is 26.9 percent greater than the all households reported median in the area. Hispanic headed households in Benton County, Arkansas recorded a median income of $36,550, which is 22.4 percent less than the areas median income level for all households. The American Indian and Alaska Native householders in Benton County had a median income of $38,415, which was 18.5 percent less than the areas median level for all households. In Benton County, Arkansas White householders had a median household income (in 2005 Dollars) of $47,658 according to the Decennial Census of 2000, which was 1.1 percent greater than the median income in 2000.

Contrasted against to other counties (or parishes) throughout the US, Benton County, Arkansas can be recognized as having a medium-low rate of poverty among the people, accounting a rate of 10.1 percent of people living in a family with an income below the poverty level in 1999. The Hispanic race/ethnicity demographic group, represents the largest rate of poverty with 24.3 percent of the 2000 population living in poverty. People that are of the age Under 5 years have the largest percent of population in poverty in Benton County, with 15.9 percent of this age cohort living in poverty.

The poverty rate in Benton County, Arkansas has declined by 2.5 percent since the amounts published in 2000, moving from 10.1 percent to 7.6 percent.

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

Monday, December 18, 2006

Higher Education in Benton County, Arkansas

From the year 2000, Benton has increased in the total percent of the over 25 population having a Bachelors Degree or Higher. This population group has grown by 7.0 percent to a total of 27.4 in 2005, according to the American Community Survey. The 2005 proportion of highly educated population is greater than the porportion in the State of Arkansas percent of 18.8 and greater than the average US percent of 27.2.

In 2000, the Census reported that in Benton County, Arkansas, many men in the area have reached the High School Diploma category, with 30.8 percent obtaining this level of education. The women in Benton have attainment on average a lower level of higher education (Bachelors or Higher) than men -- 23 percent (Men) versus 17.8 percent (Women). A high proportion of the female population in the area has reached the High School Diploma, with 34.6 percent of the female population achieving this education level.

From 2000 to 2005, the percent of male population that is highly educated has increased by 5.8 percent. As reported in 2005, 28.8 percent of area's male population, over the age 25, achieved a Bachelors Degree or Higher. At the same time, the percent of women, over the age 25, holding at least a Bachelors Degree has increased by a total of 8.2 percent. By the year 2005, a total of 26 percent of the female population had achieved this level of education.

In Benton County, Arkansas according the 2000 Decennial Census, 20.8 percent of the White Alone, 27.2 percent of Black or African American, 37.8 percent of the Asian alone and 6.2 percent of the Hispanic or Latino (+25) has achieved at least a Bachelors Degree.

Benton County, Arkansas has a highly-educated working age population, with 20.4 percent of the population over 25 years old having received at least a Bachelors Degree, according to the Decennial Census of 2000. Benton was reported to have a higher percent of individuals with higher educations than the State of Arkansas's proportion of 16.6 percent and a lower percent than the national average of 24.4 percent.

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

Sunday, November 26, 2006

Demographic Profile for Benton County, Arkansas

Since the year 2000, a high number of individual migrated to the Benton from outside the country. The immigration into Benton totals 12.9 percent of immigration into the State of Arkansas. This level of international migration can be considered high when compared to international migration per 2005 population.

Benton County, Arkansas had a total estimated population of 186,938 in 2005. The estimated population has increased very sharply, since its 2000 population of 154,821. This growth denotes an increase of 20.7 percent. Benton ranks 1 of 75 counties by growth in total population in Arkansas and the county ranks 97 of 3,141 counties by growth in county population in the United States.

Benton County, Arkansas has a population base that is comprised of 81.7 percent White, 0.8 percent African American, 1.6 percent Asian, and 12.8 percent Hispanic. The area can be described as having a high level of diversity in terms of race and ethnicity, with 15.2 percent of the population being minorities. This is less than the State of Arkansas percent of 21.2. Since 2000, Benton has increased the percent of minority makeup when 10.4 percent of the total population were minorities.

By measuring total land area, Benton spans a total of 846 total square miles. The area has a medium-high average area density of 221 persons per square mile. Similar counties in the US, in terms of density, include: -- more densely populated -- Black Hawk, IA (222 per sq. mile ), Utah, UT (222 per sq. mile ), Sangamon, IL (222 per sq. mile ), -- less densely populated -- Chemung, NY (219 per sq. mile ), Pitt, NC (219 per sq. mile ), Rock, WI (219 per sq. mile ).

The population division of the Census Bureau estimates in 2005 a median age in Benton County, Arkansas to be 34.8 years of age. The median in Benton is less than the median in Arkansas of 37.0. Since the year 2000, the area has seen a decline in the median age, at that time the median was 35.4 years old. A total of 26.1 percent of the population in 2005 being comprised of children and youth younger than 18, Benton can be described as having a medium-high proportion of youths. The working age population group (18-64) has a medium-low representation within the population, making up 61.3 percent of the population within the age group. People 65 and older make up 12.6 percent of the total population in the area. Compared to other counties in the US, this represents a medium-low proportion of the area population base.

Datasource: Population Estimates Program, U.S. Bureau of the Census.

Thursday, November 09, 2006

Housing Report for Benton County, Arkansas

In the State of Arkansas, Benton County is positioned 3 of 75 in terms of percentage growth in new housing structures. The county ranks 116 of 3,141, compared to change in residential structure growth in counties throughout the Unities States.

In Benton County, there were a total of 76,074 housing units in the year 2005. This represents a growth in housing units, adding in all 9,968 residential units since 2001, or 15.1 percent.

The residential housing values in Benton County, Arkansas have seen large increases since their reported values in 2000. The values have increased by $45,300, or 47.8 percent, from when in 2000 they were valued at $94,800.

Benton County had a median home value in the year 2005 of $140,100, reported by the American Community Survey. This home value is greater than the Arkansas 2005 median owner-occupied dwelling value of $87,400 and less than median owner-occupied dwelling value of $167,500 across the United States during the same year.

Benton County can be understood as having a medium proportion of residential real estate that is high priced. In 2005, the American Community Survey accounted that 4 percent owner-occupied dwelling are valued over a half a million dollars.

According to the data, there is a fair amount affordable residential real estate in Benton County, Arkansas. In 2005, 41 percent of residential real estate was valued under $125,000.

Data Source: U.S. Census Bureau

Saturday, October 28, 2006

Employment Report for Benton County, Arkansas -- Annual 2005 Industry Summary

In Benton County, Management of companies and enterprises, Transportation and Warehousing and Manufacturing industries, in terms of United States location quotient, are the most dominant in the region. The Management of companies and enterprises sector in the county has a location quotient of 9.71. The level of employment in the Management of companies and enterprises industry is 9.71 times greater than the national average, signifying that Benton County may specialize, or be an exporter of Management of companies and enterprises.

In Benton County, Manufacturing, Management of companies and enterprises, and the Transportation and Warehousing sectors are the largest industries, in terms of total number of jobs in 2005. The Manufacturing produces the largest number of jobs in the area accounting for 16.8 percent of total employment in the county, making up 13,713 individuals. The Management of companies and enterprises and Transportation and Warehousing industries make up 15.3 and 13.6 percent of total employment, respectively.

The Manufacturing sector has decreased the most in local industry presence in Benton County, since the year 2001, moving from making up 22.8 percent of total employment in 2001 to 16.8 percent in 2005.

Manufacturing since the year 2001 was faced with the largest loss in employment in Benton County. The industry lost a total of 1,811 jobs, or 11.7 percent of the employment in the industry. This made up a total of 69 percent of all county employment losses since 2001.

Wholesale trade has had the highest level of job growth from 2001-2005 in Benton County, changing a total of 77.5 percent. This is greater than the United States industry change in employment of 0.4 percent. The State of Arkansas saw a change in employment in the sector of 4.3 percent, in the duration of 2001 to 2005.

Management of companies and enterprises has the largest employers in Benton County. The industry averages 250 jobs per place of business. This is greater than the industry's average in the United States of 40 and greater than the State of Arkansas average establishment size of 49 for the Management of companies and enterprises industry.





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

 

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