Monday, January 22, 2007

La Paz County One-Year Industry Employment Change

Total One-Year Employment Growth in La Paz County

Of the industries (4-digit NAICS) in the area, the Building material and supplies dealers industry has added the most employment with 166 new jobs created in the period. The job growth in the Building material and supplies dealers industry makes up 11.7 percent of the total number of new jobs in La Paz County.

Top 5 Industries
1. Building material and supplies dealers (166 new jobs)
2. Nonresidential building construction (92 new jobs)
3. Grocery stores (91 new jobs)
4. Building equipment contractors (77 new jobs)
5. General freight trucking (73 new jobs)

Total One-Year Employment Decline in La Paz County

From of the area's 4-digit NAICS industries, the Depository credit intermediation industry experienced most substantial job loss, losing 734 jobs during the period. The employment lost in the Depository credit intermediation industry make up 46.3 percent of the total job loss in La Paz County, Arizona.

Top 5 Industries
1. Depository credit intermediation (734 jobs lost)
2. Employment services (179 jobs lost)
3. Misc. durable goods merchant wholesalers (61 jobs lost)
4. Full-service restaurants (59 jobs lost)
5. Health and personal care stores (59 jobs lost)

Given the 114 industry sectors (4-digit NAICS) with employment figures reported by the BLS in each quarter, 49 described an expansion of jobs throughout the time period, while 64 industries reported employment loss in the period.

In La Paz County, Arizona, the total number of workers for all sectors has increased by 572 jobs between mid-2005 and mid-2006.

La Paz County One-Year Percentage Decline in Employment

The Depository credit intermediation industry has seen the largest percentage drop in employment, losing 44 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 Arizona, where the industry reported a gain of 9.8 percent. The losses in the Depository credit intermediation industry in La Paz County outpaced the losses of nation as a whole in the industry. In this time period, the nation gained 2 in percent of jobs in the Depository credit intermediation industry.

Top 5 Industries
1. Depository credit intermediation (44 percent decline)
2. Household goods repair and maintenance (24.6 percent decline)
3. Employment services (19 percent decline)
4. Misc. durable goods merchant wholesalers (18.5 percent decline)
5. Residential mental health facilities (17.9 percent decline)

Employment for all industries has increased by 1 percent from 2005 (2nd Quarter). These figures are less than percent in the State of Arizona, which experienced a gain of 5.9 percent from the 2nd Quarter of 2005. The gains in the area were less than than the gain experienced overall in the US of 2.0 percent.

La Paz County One-Year Percentage Growth in Employment

The Used merchandise stores industry has gone through the largest job growth by percent, increasing by 31.7 percent from 2005 to 2006. This industry in La Paz County has increased employment faster than the growth seen in the industry for Arizona, where this industry saw a gain of 6.1 percent. The Used merchandise stores industry in La Paz County outpaced the US in terms of percent growth of industry employment. During this period, the US lost 0.4 percent of the employment in this industry.

Top 5 Industries
1. Used merchandise stores (31.7 percent gain)
2. Shoe stores (30.4 percent gain)
3. Building material and supplies dealers (27.3 percent gain)
4. Performing arts companies (26.3 percent gain)
5. Electronic equipment repair and maintenance (25.8 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.

 

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