Redding One-Year Industry Employment Change

The Redding Metro Area: One-Year Percentage Decline in Employment

The Other financial investment activities industry has lost the largest percent of jobs, losing 48.1 percent from 2005 (2nd Quarter) to 2006 (2nd Quarter). These losses have declined faster than the industry sector has gone through in the California, where the it saw a gain of 8.5 percent. The losses in the Other financial investment activities industry in Redding outpaced the losses of nation as a whole in the industry. In this time period, the nation gained 7.1 percent in terms of employment in the Other financial investment activities industry.

Top 5 Industries
1. Other financial investment activities (48.1 percent decline)
2. Commercial equip. merchant wholesalers (28.6 percent decline)
3. Cattle ranching and farming (24.7 percent decline)
4. Office administrative services (24.1 percent decline)
5. Specialty food stores (21.9 percent decline)

Total employment has increased by 4.6 percent since the 2nd Quarter of 2005. This is greater than percent in the State of California, which saw a gain of 2.1 percent from 2005 (2nd Quarter). The gains in the area were greater than than the gain reported at the US level of 2 percent.

The Redding Metro Area: One-Year Percentage Growth in Employment

The Misc. nondurable goods merchant wholesalers industry has gone through the largest job growth by percent, increasing by 386.4 percent from 2005 (2nd quarter) to 2006 (2nd quarter). This industry sector in Redding has expanded faster than the industry job growth experienced in California, where it saw a gain of 5.2 percent. The Misc. nondurable goods merchant wholesalers industry in Redding outpaced the US in terms of percent growth of industry employment. During this period, the US gained 0.2 percent in this industry.

Top 5 Industries
1. Misc. nondurable goods merchant wholesalers (386.4 percent gain)
2. Business support services (76.8 percent gain)
3. Florists (46.1 percent gain)
4. Petroleum merchant wholesalers (43.9 percent gain)
5. Household goods repair and maintenance (38.9 percent gain)

Total One-Year Employment Decline in the Redding Metro Area

Given the industries in the area, the Employment services industry witnessed the largest drop in employment, losing a total of 130 jobs during the time period. The jobs lost in the Employment services industry make up 10.4 percent of the jobs lost during the period in Redding, CA.

Top 5 Industries
1. Employment services (130 jobs lost)
2. Community care facilities for the elderly (129 jobs lost)
3. Management of companies and enterprises (82 jobs lost)
4. Office administrative services (48 jobs lost)
5. Gasoline stations (46 jobs lost)

In the Redding, CA metro area, the total number of jobs throughout all industries has increased by 2,433 jobs between mid-2005 and mid-2006.

Out of the 138 industries (4-digit NAICS) with sufficient data reported by the Bureau of Labor Statistics (BLS) in each quarter, 62 accounted an for increase in employment during the period and 76 industries reported employment loss in the period.

Total One-Year Employment Growth in the Redding Metro Area

The Full-service restaurants industry has accounted the most employment growth with a total of 500 employees finding new jobs in the industry. The employment growth in the Full-service restaurants industry makes up 15.2 percent of the total employment growth in Redding.

Top 5 Industries
1. Full-service restaurants (500 new jobs)
2. Department stores (226 new jobs)
3. Nursing care facilities (206 new jobs)
4. Highway, street, and bridge construction (182 new jobs)
5. Building finishing contractors (146 new jobs)





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.

Income and Poverty in Redding, CA

The poverty rate in the Redding, CA Metro has declined by 2.2 percent since the 2000 rates, moving from 15.4 percent to 13.2 percent.

Black or African American headed households had a median household income that was 24.2 percent less than the all population median published in the 2000 Census, with a median of $30,469. According to the 2000 Census, the Asian headed households in the area have median household incomes of $37,486. This income level is 6.7 percent less than the all households reported median in the area. The American Indian and Alaska Native householders in Redding had a median household income level of $29,883, this was 25.6 percent less than the median income level in this area. In Redding, CA White headed households reported household income (in 2005 Dollars) of $41,021 as reported by the Decennial Census of 2000, which was 2.1 percent greater than the median income in 2000. Hispanic in Redding, CA , according to the 2000 census, had a median household income of $34,024, which is 15.3 percent less than the median reported for all households in the area.

Compared to Metro Areas across the United States, the Redding metro area accounted a relatively low median household income of $40,172 (Adjusted to 2005 Dollars). This figure is 38.3 percent lower than the household income median in State of California of $55,567 and the median household income is 22.3 percent lower than the median for the rest of the nation, which is a reported $49,133.

While household income level experienced a growth since 2000 in the Redding, CA metro area, the Race/Ethnicity category that saw the sharpest growth in the household income level was the American Indian and Alaska Native Race/Ethnicity category. This group experienced an increase of 1.1 percent since 2000. The Hispanic population group was least impacted by the household income growth in Redding, encountering a 27.5 percent decline in household income level, since the year 2005.

Contrasted against to other Metropolitan Areas throughout the US, the Redding metro area may be understood as having a relatively high poverty rate amongst the population, with a poverty rate of 15.4 percent of the population with family incomes below the 1999 poverty level. The Asian race/ethnicity demographic category, owns the foremost rate of poverty with 32.3 percent of the people in 2000 living in poverty. The population that is aged Under 5 years have the largest percent of population in poverty in Redding, having 24.8 percent of the population in this age category living in poverty.

The areas median household income has increased from the values (adjusted for inflation) in 2000. The median has increased to $42,227, which represents a 5.1 percent growth. The Redding, CA MSA, when analyzing percentage of growth, ranks 6 of 28 metro area in percent of growth for the household income level in the State of California. Redding ranks 6 of 28 metro area when analyzing the growth in median income level for the United States.

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