Wednesday, March 21, 2007

In Faulkner County, jobs in the securities and commodity contracts brokerage pay the highest wages


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Jobs in the securities and commodity contracts brokerage industry wages were the highest in Faulkner County for the 2nd quarter of 2006. The average worker in the industry in Faulkner County received an annual wage of $70,339 in 2nd quarter of 2006. The pay is less than the industry wage in Arkansas of $83,874 and less than then the wage for jobs in this industry at the United States Level of $138,150.

Top-pay jobs in Faulkner County, Arkansas exsists in wired telecommunications carriers ($62,433), nonmetallic mineral mining and quarrying ($58,222), offices of physicians ($55,089) and management of companies and enterprises ($54,995) industries. Note: Click the above Graphic for Detail Comparison

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

Faulkner County Wages have increased by 13.1% Since 2001


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Industry wages, from 2001 to 2006, have increased in Faulkner County, Arkansas by a total of 13.1%. This is less than the growth in industry wages for the State of Arkansas and less than the growth in industry wages for the nation as a whole.

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

Faulkner County Industry Wages Lag Behind Arkansas, and Wages Lag Behind the United States


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Total wages in all industries in Faulkner County, Arkansas can be described as relatively high when compared to other Counties throughout the state in the 2nd quarter of 2006. The industry wages are 0.6 percent lower than the state, which was reported to be $30,584. The industry pay 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

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.

Monday, January 22, 2007

Faulkner County One-Year Industry Employment Change

Faulkner County One-Year Percentage Decline in Employment

The Farm product raw material merch. whls. industry has seen the largest percentage drop in employment, losing 4.1 percent of the jobs from 2005 to 2006. These have declined slower than the industry sector has gone through in the Arkansas, where the it saw a loss of 9.3 percent. The losses in the Farm product raw material merch. whls. industry in Faulkner County outpaced the United States in terms of percentage decline of industry employment. In this period, the United States lost 1.3 in percent of jobs in the Farm product raw material merch. whls. industry.

Top 1 Industries
1. Farm product raw material merch. whls. (4.1 percent decline)

Employment for all industries has increased by 6.5 percent since the 2nd Quarter figures of 2005. This change is greater than percent in the State of Arkansas, which saw a gain of 2.3 percent from the 2nd Quarter of 2005. The gains the area experienced were greater than than the gain reported at the US level of 2.0 percent.

Faulkner County One-Year Percentage Growth in Employment

The Full-service restaurants industry has experienced the largest percentage growth, expanding by 129.3 percent from 2005 to 2006. This industry in Faulkner County has grow faster than the industry has grown in the State of Arkansas, where this industry saw a gain of 9.2 percent. The Full-service restaurants industry in Faulkner County outpaced the national average, which felt a gained 2.2 percent.

Top 1 Industries
1. Full-service restaurants (129.3 percent gain)

Total One-Year Employment Growth in Faulkner County

Out of the 4-digit NAICS industries, the Full-service restaurants industry has brought the most jobs with a total of 18 new jobs created in the period. The job growth in the Full-service restaurants industry makes up 98.1 percent of the total employment growth in Faulkner County.

Top 1 Industries
1. Full-service restaurants (18 new jobs)

In Faulkner County, Arkansas, the entire sum of jobs in all industries overall has increased by 25 total jobs between the 2nd Quarter of 2005 and 2nd Quarter of 2006.

Total One-Year Employment Decline in Faulkner County

Given the industries in the area, the Farm product raw material merch. whls. industry experienced most substantial job loss, losing 2 jobs in that time period. The declines in the Farm product raw material merch. whls. industry make up 100.0 percent of the employment lost during the period in Faulkner County, Arkansas.

Top 1 Industries
1. Farm product raw material merch. whls. (2 jobs lost)







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 Faulkner County, Arkansas

As the median household income witnessed a decline during the period of 2000 to 2005 in Faulkner County, Arkansas, the Race/Ethnicity group that experienced the largest decline in median household income was the American Indian and Alaska Native category. This group felt a decline of 1259968.2 percent since 2000. The Hispanic population group was least impacted by the household income decline in Faulkner County, encountering a 71.3 percent increase in median income, since the values reported in the 2000 Decennial Census.

The rate of poverty in Faulkner County, Arkansas has increased by 0.7 percent since the amounts published in 2000, moving from 12.5 percent to 13.2 percent.

When compared to other counties (and parishes) throughout the United States, Faulkner County reported a medium-high household income of $44,699 (2005 Dollars). The income level is 15.8 percent higher than the median in State of Arkansas of $37,653 and the median household income is 9.9 percent lower than the median household income level in the US of $49,133.

Hispanic Householders in Faulkner County, Arkansas recorded a median income of $36,833, this income level is 17.6 percent less than reported value of the areas total household median income for all households. The American Indian and Alaska Native householders in Faulkner County had a median household income level of $52,916, this median was 18.4 percent greater than the median for all households. It was reported in 2000 that the Asian headed households had median household incomes of $44,850. This household income level is 0.3 percent greater than the reported median household income, in the area, for all households. In Faulkner County, Arkansas White householders had a median household income (in 2005 Dollars) of $46,233 as reported in 2000 by the census, which was 3.4 percent greater than the median household income in 2000. Black or African American headed households had a median household income that was 33.1 percent less than the all population median published in the 2000 Census, with a median of $29,915.

When compared to other counties (or parishes) across the United States, Faulkner County, Arkansas can be considered to have a medium-low poverty rate amongst the population, with a poverty rate of 12.5 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 26.7 percent of the 2000 population living in poverty. People that are of the age Under 5 years have the most percent of people living in poverty in Faulkner County, with 17 percent of this age group in the area living in poverty.

The median household income in the area has declined from the inflation-adjusted values in 2000. The income level has decreased to $42,646, which represents a 4.6 percent decline. Faulkner County, Arkansas, when analyzing percentage of decline, ranks 6 of 9 counties in percent of decline for median household income in the State of Arkansas. Faulkner County ranks 483 of 668 counties (or parishes) when analyzing the decline in median household income in the United States.

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

Monday, December 18, 2006

Higher Education in Faulkner County, Arkansas

Faulkner County, Arkansas can be considered to have a highly-educated working age population, with 25.2 percent of the over 25 years old population having a Bachelors Degree or Higher, according to the 2000 Decennial Census. Faulkner is reported having a higher percent of the population with at least a Bachelors than the State of Arkansas's proportion of 16.6 percent and a higher percent than United States proportion of 24.4 percent.

The 2000 Decennial Census reported that in Faulkner County, Arkansas, the most common level of education achieved in the area for the male population is the High School Diploma category, with 30.2 percent achieving this level. The female population in Faulkner have on average achieved a lower level of higher education (Bachelors or Higher) than men -- 25.6 percent (Men) versus 24.8 percent (Women). Many of the women in the area achieving a High School Diploma, with 32.4 percent of the areas female population attaining this level of education.

From the year 2000, Faulkner has increased in the percent of the population that is over the age of 25 with a BA or Higher. This population cohort has grown by 1.4 percent to a total of 26.6 in 2005. According to the American Community Survey, the proporation of the population in 2005 with a BA or Higher is greater than the porportion of Arkansas percent of 18.8 and less than the national percent of 27.2.

In Faulkner County, Arkansas according the 2000 Decennial Census, 26 percent of the White Alone, 15 percent of Black or African American, 41 percent of the Asian alone and 15.4 percent of the Hispanic or Latino population, over the age 25, has achieved a Bachelors Degree or Higher.

Between 2000 and 2005, the percent of the male population that can be understood as highly educated has decreased by 0.2 percent. By 2005, 25.8 percent of the total male population, in the area, has obtained at least a Bachelors Degree. From 2000 to 2005, the percent of women with a Bachelors or Higher has increased by a total of 2.4 percent. By 2005, a total of 27.2 percent of the female population having received at least a Bachelors Degree.

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

Sunday, November 26, 2006

Demographic Profile for Faulkner County, Arkansas

When calculating the total land area, Faulkner spans a total area of 647 square miles. This area has a medium-low average area density of 150 persons per square mile. Other counties with similar densities in the US include: -- more densely populated -- Dukes, MA (150 per sq. mile ), Williamson, IL (150 per sq. mile ), Dubuque, IA (151 per sq. mile ), -- less densely populated -- Troup, GA (150 per sq. mile ), Stanly, NC (149 per sq. mile ), Greenwood, SC (149 per sq. mile ).

Estimated since the year 2000, a medium-high amount of people migrated to Faulkner internationally. The migration from outside the US into Faulkner totals 2.3 percent of immigration into the State of Arkansas. This amount of international migration is medium-high when compared to international migration per 2005 population.

Faulkner County, Arkansas has a population base that is comprised of 86 percent White, 9.2 percent African American, 0.8 percent Asian, and 2.5 percent Hispanic. The area can be described as having a modest level of diversity, with 12.5 percent of the population made up of minorities. This is less than the State of Arkansas percent of 21.2. Since 2000, Faulkner has increased in diversity when 11.0 percent of the total population were minorities.

Faulkner County, Arkansas had a total estimated population of 97,147 in the year 2005. The population has increased sharply, from the population in the year 2000 of 86,401. This growth shows an increase of 12.4 percent. Faulkner ranks 3 of 75 counties by growth in total population in Arkansas and the county ranks 303 of 3,141 counties when analyzing total county population change across the nation.

In the year 2005, the population division of U.S. Census Bureau estimates the median age in Faulkner County, Arkansas to be 31.7 years of age. The median in Faulkner is less than the median age in Arkansas of 37.0. Since 2000, the area has experienced an increase in the median age, when it was 31.0 years old. A total of 23.8 percent of the 2005 population being made up of children and youth younger than 18, Faulkner can be understood as having a medium-high proportion of youths. The working age population group (18-64) has a relatively high representation within the population, making up 66.5 percent of the population falling in this age category. The retirement (65 and over) group makes up 9.7 percent of the population in the area. When compared to other counties throughout the United States, this represents a relatively low proportion of the area population base.

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

Thursday, November 09, 2006

Housing Report for Faulkner County, Arkansas

In Faulkner County, the real estate market was made up of 39,174 housing structures in 2005. The area has seen growth in housing units, adding all together 3,728 residential structures since 2001, a change of 10.5 percent.

The residential home values in Faulkner County, Arkansas have moderate increases since their reported values in 2000. The values have increased by $16,500, or 17.8 percent, from when in 2000 they were valued at $92,900.

According to the data, there is a large amount affordable residential real estate in Faulkner County, Arkansas. In 2005, 61.8 percent of owner-occupied dwellings were valued under $125k.

The State of Arkansas, Faulkner County is positioned 5 of 75 by percentage growth in residential real estate. The county is positioned 268 of 3,141, in terms of residential real estate percentage change change in the United States.

Faulkner County may be be described as having a medium proportion of high-valued homes. In 2005, the American Community Survey reports that 2.4 percent of the houses are valued over a half a million dollars.

Faulkner County had a median home value in the year 2005 of $109,400, accounted by the American Community Survey. This median is greater than the overall Arkansas 2005 median home value of $87,400 and less than median home value of $167,500 for the rest of the nation in that year.

Data Source: U.S. Census Bureau

Sunday, October 29, 2006

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

In Faulkner County, Manufacturing, Retail Trade, and the Health care and social assistance 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 17.3 percent of all jobs throughout the county, totaling 5,168 people employed. The Retail Trade and Health care and social assistance industries make up 16.2 and 13.5 percent of total employment, respectively.

Manufacturing has the largest businesses in Faulkner County, averaging 44 workers per each place of employment, being greater than the industry's average in the United States of 39 and less than the State of Arkansas average of 56 for the Manufacturing industry.

Management of companies and enterprises in the period of 2001 to 2005 had the largest increase in employment in Faulkner County, rising by 38.5 percent. This is greater than the industry employment change in the United States of 1.6 percent. The State of Arkansas went through a industry job change of 7 percent, since the year 2001.

Manufacturing since the year 2001 lost the most jobs in Faulkner County. The sector dealt with a loss of 1,730 employees during the period, or 25.1 percent of employment in the sector. These losses made up 83.6 percent of the total jobs loss in the County.

In Faulkner County, Professional and technical services, Manufacturing and Construction industries, in terms of United States location quotient, are the most dominant in the region. The Professional and technical services sector has a United State LQ of 1.83. This means the percent of total employment in the Professional and technical services industry is 1.83 times more than the average percent in the United States, revealing signs that Faulkner specializes in Professional and technical services.

The Manufacturing sector has decreased the most in local industry presence in Faulkner County since the year 2001. The industry went from accounting for 23.8 percent of employment in 2001 to 17.3 percent in the year 2005.





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

 

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