Friday, February 23, 2007

Faulkner County Five-Year Industry Employment Change

Faulkner County Five-Year Percentage Growth in Employment

The Electronic markets and agents and brokers industry has seen the largest percentage job growth, expanding by 231.1 percent from the 2nd quarter of 2001 to the 2nd quarter of 2006. This industry sector in Faulkner County has grow faster than the growth seen in the industry for Arkansas, where this industry saw a gain of 40 percent. The Electronic markets and agents and brokers industry in Faulkner County outpaced the national average, which felt a gained 29.2 percent.

Top 5 Industries
1. Electronic markets and agents and brokers (231.1 percent gain)
2. Commercial equip. merchant wholesalers (227.9 percent gain)
3. Business support services (179.9 percent gain)
4. Community care facilities for the elderly (161.7 percent gain)
5. Other schools and instruction (140.0 percent gain)

The total number of jobs has increased by 8.8 percent since the 2nd Quarter of 2001. This is greater than percent in Arkansas, experiencing a gain of 3.0 percent since 2001 ( 2nd Quarter). The gains in the area were greater than than the gain felt at the national level of 2.6 percent.

Faulkner County Five-Year Percentage Decline in Employment

The Highway, street, and bridge construction industry has lost the biggest percent of jobs, losing 47 percent from 2001 (Q2) to 2006 (Q2). The losses of the area have declined faster than the industry has experienced in the State of Arkansas, where the industry felt a loss of 9.2 percent. The losses in the Highway, street, and bridge construction industry in Faulkner County outpaced the US in terms of percent of decline of industry employment. The US lost 0.6 percent in terms of employment in the Highway, street, and bridge construction industry.

Top 5 Industries
1. Highway, street, and bridge construction (47 percent decline)
2. Commercial machinery repair and maintenance (45.5 percent decline)
3. Specialized freight trucking (42.2 percent decline)
4. Lumber and const. supply merchant wholesalers (33.8 percent decline)
5. Florists (30.8 percent decline)

Total Five-Year Employment Growth in Faulkner County

Out of the 4-digit NAICS industries, the Business support services industry has grown the most with 410 employees finding new jobs in the industry. The employment growth in the Business support services industry makes up 11.1 percent of the total growth in Faulkner County.

Top 5 Industries
1. Business support services (410 new jobs)
2. Nursing care facilities (368 new jobs)
3. Building equipment contractors (331 new jobs)
4. Offices of physicians (216 new jobs)
5. Offices of other health practitioners (210 new jobs)

In Faulkner County, Arkansas, the aggregate employment for all industry sectors has increased by 2,574 total jobs from 2001 to 2006.

Given the 82 4-digit NAICS industries, 25 accounted an for increase in employment during the period and 57 industry sectors accounting for employment declines during that time period.

Total Five-Year Employment Decline in Faulkner County

Of the area's industries (4-digit NAICS), the Converted paper product manufacturing industry witnessed the largest drop in employment, losing a total of 130 jobs. The declines in the Converted paper product manufacturing industry make up 20.6 percent of the total employment decline in Faulkner County, Arkansas.

Top 5 Industries
1. Converted paper product manufacturing (130 jobs lost)
2. Highway, street, and bridge construction (92 jobs lost)
3. Specialized freight trucking (65 jobs lost)
4. Child day care services (62 jobs lost)
5. Employment services (57 jobs lost)





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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