Friday, March 09, 2007

In Hot Spring County, jobs in the utility system construction pay the highest wages


(Click Image to Enlarge Graph)



Individuals that are employed in the utility system construction industry had the highest average wages in Hot Spring County for 2006. The average industry job in Hot Spring County received an annual wage of $51,854 in 2006. The average wage is greater than the industry wage rate in Arkansas of $33,957 and greater than then the wage for jobs in this industry at the United States Level of $48,011.

Other top-pay jobs in Hot Spring County, Arkansas can be found in electronic markets and agents and brokers ($49,319), offices of physicians ($45,465), plywood and engineered wood product mfg. ($40,745) and nonmetallic mineral mining and quarrying ($40,089) industries. Note: Click Graph Above 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.

Tuesday, February 27, 2007

Hot Spring County Industry Wages Lag Behind Arkansas, and Wages Lag Behind the United States


(Click Image to Enlarge Graph)



Wages in all industries in Hot Spring County, Arkansas when analyzed can be described as relatively high when compared to other Counties throughout the state in the 2nd quarter of 2006. The industry wages are 5.6 percent lower than the state, which accounted an average of $30,584. The average pay was less than the US average pay 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

Hot Spring County Five-Year Industry Employment Change

Hot Spring County Five-Year Percentage Growth in Employment

The Utility system construction industry has witnessed the largest percentage of employment expansion, increasing by 862.5 percent from the 2001 (Q2) to the 2006 (Q2). This industry in Hot Spring County has grow faster than the industry has grown in the State of Arkansas, where it saw a loss of 16.3 percent. The Utility system construction industry in Hot Spring County outpaced the national average, which felt a gained 5.8 percent of the employment in this industry.

Top 5 Industries
1. Utility system construction (862.5 percent gain)
2. Other miscellaneous store retailers (233.3 percent gain)
3. Residential building construction (192.0 percent gain)
4. Other professional and technical services (74.4 percent gain)
5. Accounting and bookkeeping services (66.7 percent gain)

The total number of jobs has increased by 7.7 percent from the reported values in 2001. These values are greater than growth in Arkansas, which went through a gain of 3.0 percent since 2001 ( 2nd Quarter). The gains in the area were greater than than the gain experienced overall in the US of 2.6 percent.

Hot Spring County Five-Year Percentage Decline in Employment

The Services to buildings and dwellings industry has lost the biggest percent of jobs, losing 71 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 has experienced in the State of Arkansas, where the industry reported a gain of 12.4 percent. The losses in the Services to buildings and dwellings industry in Hot Spring County outpaced the United States industry losses overall. During this period, the United States gained 11 percent in terms of employment in the Services to buildings and dwellings industry.

Top 5 Industries
1. Services to buildings and dwellings (71 percent decline)
2. Nonmetallic mineral mining and quarrying (37.1 percent decline)
3. Building equipment contractors (31.1 percent decline)
4. Legal services (29.8 percent decline)
5. Nonresidential building construction (29.1 percent decline)

Total Five-Year Employment Growth in Hot Spring County

Of the industries (4-digit NAICS) in the area, the Utility system construction industry has accounted the most employment growth with a total of 276 employees finding new jobs in the industry. The employment growth in the Utility system construction industry makes up 44.3 percent of the total employment growth in Hot Spring County.

Top 5 Industries
1. Utility system construction (276 new jobs)
2. General freight trucking (80 new jobs)
3. Limited-service eating places (62 new jobs)
4. Offices of physicians (35 new jobs)
5. Residential building construction (32 new jobs)

Total Five-Year Employment Decline in Hot Spring County

The Services to buildings and dwellings industry faced the greatest employment loss with a total loss of 75 jobs in that time period. The declines in the Services to buildings and dwellings industry make up 33.2 percent of the employment lost during the period in Hot Spring County, Arkansas.

Top 5 Industries
1. Services to buildings and dwellings (75 jobs lost)
2. Nonmetallic mineral mining and quarrying (45 jobs lost)
3. Automobile dealers (21 jobs lost)
4. Building equipment contractors (19 jobs lost)
5. Other specialty trade contractors (16 jobs lost)

From the 34 industries with industry data reported by the BLS in each quarter, 15 reported job growth in the duration of the last five years and 19 industry sectors accounting for employment declines during that time period.

In Hot Spring County, Arkansas, the total number of jobs throughout all industries has increased by 470 jobs between mid-2001 and mid-2006.





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

Hot Spring County One-Year Industry Employment Change

In Hot Spring County, Arkansas, the total number of workers for all sectors has increased by 5,487 jobs from mid-2005 to mid-2006.

Total One-Year Employment Decline in Hot Spring County

Given the industries in the area, the Offices of real estate agents and brokers industry faced the greatest employment loss with a total loss of 386 jobs during the period. The employment lost in the Offices of real estate agents and brokers industry make up 23.0 percent of the jobs lost during the period in Hot Spring County, Arkansas.

Top 5 Industries
1. Offices of real estate agents and brokers (386 jobs lost)
2. Business support services (192 jobs lost)
3. Unclassified (170 jobs lost)
4. Sporting goods and musical instrument stores (117 jobs lost)
5. Office administrative services (115 jobs lost)

From the 131 4-digit NAICS industries, 45 showed an escalation in the number employed, while 86 industry sectors reported declines during the time period.

Total One-Year Employment Growth in Hot Spring County

Of the industries (4-digit NAICS) in the area, the Traveler accommodation industry has accounted the most employment growth with a total of 997 employees finding new jobs in the industry. The employment growth in the Traveler accommodation industry makes up 14.1 percent of the total employment growth in Hot Spring County.

Top 5 Industries
1. Traveler accommodation (997 new jobs)
2. Full-service restaurants (517 new jobs)
3. Building foundation and exterior contractors (506 new jobs)
4. Building equipment contractors (489 new jobs)
5. Building finishing contractors (353 new jobs)

Total industry employment has increased by 5.5 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 since 2005 ( 2nd Quarter). The gains were greater than than the gain reported at the US level of 2.0 percent.

Hot Spring County One-Year Percentage Decline in Employment

The Business support services industry has lost the largest percent of jobs, losing 55.7 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 it saw a gain of 14.5 percent. The losses in the Business support services industry in Hot Spring County outpaced the United States industry losses overall. During this period, the United States gained 2 in percent of jobs in the Business support services industry.

Top 5 Industries
1. Business support services (55.7 percent decline)
2. Office administrative services (44.3 percent decline)
3. Promoters of performing arts and sports (41.8 percent decline)
4. Spectator sports (39.5 percent decline)
5. Unclassified (31.4 percent decline)

Hot Spring County One-Year Percentage Growth in Employment

The Chemical merchant wholesalers industry has gone through the largest job growth by percent, increasing by 427.3 percent from the 2nd quarter of 2005 to the 2nd quarter of 2006. This industry sector in Hot Spring County has added employment faster than the growth seen in the industry for Arkansas, where this industry saw a gain of 9.2 percent. The Chemical merchant wholesalers industry in Hot Spring County outpaced the national average, which felt a gained 0.1 percent of the industry employment.

Top 5 Industries
1. Chemical merchant wholesalers (427.3 percent gain)
2. Independent artists, writers, and performers (100.0 percent gain)
3. Grocery and Related Product Wholesalers (66.1 percent gain)
4. Travel arrangement and reservation services (59.8 percent gain)
5. Bakeries and tortilla manufacturing (57.7 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 Hot Spring County, Arkansas

Contrasted against to other counties (or parishes) throughout the US, Hot Spring County, Arkansas can be recognized as having a medium-high rate of poverty among its population, accounting a rate of 14.0 percent of the individuals existing in families with incomes under the poverty level in 1999. The Asian race/ethnicity demographic category, owns the foremost rate of poverty with 34.1 percent of the 2000 population living in poverty. People that are of the age 5 years have the largest percent of population in poverty in Hot Spring County, with 28.5 percent of the population in this age category living in poverty.

When compared to other counties (and parishes) throughout the United States, Hot Spring County was reported to have a medium-low median household income of $36,905 (2005 Dollars). This median is 2 percent lower than the median income in State of Arkansas of $37,653 and the median household income is 33.1 percent lower than the median in the US, which is $49,133.

The American Indian and Alaska Native households in Hot Spring County reported an income level of $20,232, this level was 45.2 percent less than the median income level in this area. Hispanic in Hot Spring County, Arkansas , according to the 2000 census, had a median household income of $40,767, this income level is 10.5 percent greater than the reported median household income for all households in the area. According to the 2000 Census, the Asian headed households in the area have median household incomes of $43,387. This median is 17.6 percent greater than the reported median household income for all households in the area. Black or African American headed households had a median household income that was 29.7 percent less than the all population median published in the 2000 Census, with a median of $25,926. In Hot Spring County, Arkansas White headed households reported household income (in 2005 Dollars) of $37,610 as reported in 2000 by the census, which was 1.9 percent greater than the median in the year 2000.







Datasource: U.S. Bureau of the Census. 2000 Decennial Census.

Monday, December 18, 2006

Higher Education in Hot Spring County, Arkansas

In Hot Spring County, Arkansas as reported in the 2000 Census, 11.6 percent of the White Alone, 7.2 percent of Black or African American, 25.8 percent of the Asian alone and 4 percent of the Hispanic or Latino population (over 25) has obtained a Bachelors Degree or Higher.

The 2000 Decennial Census reported that in Hot Spring County, Arkansas, the largest educational attainment category for men is the High School Diploma category, with 38.4 percent achieving this level. The female population in Hot Spring on average have achieved a greater level of higher education (Bachelors or Higher) than the men in the area: 10.8 percent (Men) versus 11.6 percent (Women). The largest educational attainment category for women is High School Diploma, with 40.8 percent of women in the area reaching this education level.

Hot Spring County, Arkansas is made up of a less-educated population of the working age, with 11.2 percent of the over 25 years old population having a Bachelors Degree or Higher, according to the 2000 Decennial Census. Hot Spring is reported having a lower percent of individuals with higher educations than the State of Arkansas's proportion of 16.6 percent and a lower percent than United States proportion of 24.4 percent.





Datasource: U.S. Bureau of the Census. 2000 Decennial Census.

Sunday, November 26, 2006

Demographic Profile for Hot Spring County, Arkansas

In the year 2005, the population division of U.S. Census Bureau estimates the median age in Hot Spring County, Arkansas to be 39.5 years of age. The median age in Hot Spring is greater than the median age for the State of Arkansas of 37.0. Since the year 2000, the area has witnessed an increase in the median age, at that time the median was 38.4 years of age. A total of 23.2 percent of the population in the year 2005 being made up of individuals less than 18 years old, Hot Spring can be understood as having a medium-high percent of people under 18. The 18 to 64 years old population group has a medium-low representation within the population, making up 61.5 percent of the population within the age group. People 65 and older make up 15.3 percent of the population in the area. When compared to other counties throughout the United States, this represents a medium-high proportion of the population.

By measuring total land area, Hot Spring spans a total area of 615 square miles. The county has a medium-low average population density of 51 persons per square mile. Other counties with similar densities in the US include: -- more densely populated -- Boone, WV (51 per sq. mile ), Lincoln, WV (51 per sq. mile ), Susquehanna, PA (51 per sq. mile ), -- less densely populated -- Edgefield, SC (51 per sq. mile ), Morris, TX (51 per sq. mile ), Henderson, TN (51 per sq. mile ).

Since the year 2000, a medium-low number of individuals have migrated to Hot Spring internationally. The migration from outside the US into Hot Spring accounts for 0.6 percent of all immigration into Arkansas. This percent of international migration is medium-low when compared to international migration per 2005 population.

Hot Spring County, Arkansas has a population that is made up of 86.3 percent White, 10.1 percent African American, 0.3 percent Asian, and 1.7 percent Hispanic. This area can be considered to have a modest level of racial and ethnic diversity, with 12.1 percent of minorities in the 2005 population base. This is less than the State of Arkansas percent of 21.2. Since 2000, Hot Spring has increased the percent of minority population when 11.8 percent of the total population were minorities.

Hot Spring County, Arkansas had an estimated population of 31,264 in 2005. The total population has increased, from the population in the year 2000 of 30,378. This growth signifies an increase of 2.9 percent. Hot Spring ranks 20 of 75 counties in terms of population growth in Arkansas and the county ranks 1,145 of 3,141 counties in terms of population growth in the United States.

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

Thursday, November 09, 2006

Housing Report for Hot Spring County, Arkansas

Hot Spring County recorded a median home value in 2000 of $63,100, according to the Decennial Census. This value is less than the overall Arkansas 2000 median owner-occupied dwelling value of $72,800 and less than home value of $119,600 across the nation during that year.

When compared to other counties in Arkansas, Hot Spring County is positioned 54 of 75 by percent in growth of new residential structures. The county places 2,363 of 3,141, compared to change in residential structure growth in counties throughout the Unities States.

In Hot Spring County, the U.S. Census Bureau, Population Division accounted for a total of 13,723 housing structures in 2005. The area has seen growth in housing units, adding a total of 196 homes since 2001, or 1.4 percent.

There is a large amount of housing that is affordable in Hot Spring County, Arkansas. In 2000, 91.5 percent of residential real estate was valued under $125,000.





Data Source: U.S. Census Bureau

Sunday, October 29, 2006

Employment Report for Hot Spring County, Arkansas -- Annual 2005 Industry Summary

The Manufacturing industry has decreased the most in industries presence in Hot Spring County, from the year 2001 to 2005, accounting for 35.1 percent of total employment for the year 2001 to 26.9 percent of total employment in the year 2005.

In Hot Spring County, Manufacturing, Retail Trade, and the Accommodation and food services sectors, in terms of total employment, are the largest. Manufacturing is the largest employment industry and makes up 26.9 percent of all the jobs in the county. This makes up 1,638 people employed. The Retail Trade and Accommodation and food services sectors provide 16.2 and 8.9 percent of total employment, respectively.

Real estate and rental and leasing from 2001-2005 had the highest increase in employment in Hot Spring County, moving a total of 42.6 percent. This is greater than the national employment change in the industry of 4.3 percent. The State of Arkansas faced a industry job change of 6.1 percent, in the period of time since 2001.

Manufacturing has the largest businesses in Hot Spring County, averaging 36 employees per business. This is less than the industry's average in the United States of 39 and less than the State of Arkansas establishments size average of 56 for the Manufacturing industry.

Manufacturing between the years 2001 and 2005, saw the greatest loss in employment in Hot Spring County. The industry was hit with a loss of 512 jobs, or 23.8 percent of employment in the sector. These losses made up 80 percent of the total jobs loss in the County.

In Hot Spring County, Utilities, Mining and Manufacturing are the three industries with the highest location quotients. The Utilities sector has a United State LQ of 2.54. The percent of employment in the Utilities sector is 2.54 times the percent of the national average, This signifies that Hot Spring may be an exporter of products or services of Utilities.





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

 

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