Monday, January 22, 2007

Riverside County One-Year Industry Employment Change

Total One-Year Employment Decline in Riverside County

Of the area's industries (4-digit NAICS), the Full-service restaurants industry has lost the most employment with a total loss of 3 jobs. The declines in the Full-service restaurants industry make up 37.0 percent of the jobs lost during the period in Riverside County, California.

Top 5 Industries
1. Full-service restaurants (3 jobs lost)
2. Other general merchandise stores (2 jobs lost)
3. Health and personal care stores (2 jobs lost)
4. Automotive repair and maintenance (4 jobs lost)
5. Automobile dealers (2 jobs lost)

Total One-Year Employment Growth in Riverside County

Out of the 4-digit NAICS industries, the Oil and gas extraction industry has grown the most with 61 jobs added during the time period. These new jobs in the Oil and gas extraction industry makes up 86.7 percent of the total growth in Riverside County.

Top 5 Industries
1. Oil and gas extraction (61 new jobs)
2. Specialized freight trucking (4 new jobs)
3. Offices of physicians (2 new jobs)
4. Building equipment contractors (2 new jobs)
5. Nonresidential building construction (10 new jobs)

From the 12 industries with industry data reported by the BLS in each quarter, 6 reported job growth in the duration of the year and 6 industries reported employment loss in the period.

In Riverside County, California, the entire sum of jobs in all industries overall has increased by 220 jobs from mid-2005 to mid-2006.

Total industry employment has increased by 8.2 percent from the reported values in 2005. These values are greater than growth in the State of California, which went through a gain of 2.1 percent since the 2nd Quarter of 2005. The gains felt were greater than than the gain felt at the national level of 2.0 percent.

Riverside County One-Year Percentage Growth in Employment

The Building equipment contractors industry has experienced the largest percentage growth, expanding by 38.5 percent from 2005 to 2006. This industry in Riverside County has grow faster than the industry has grown in the State of California, where this industry saw a gain of 3.9 percent. The Building equipment contractors industry in Riverside County outpaced the national average, which felt a gained 5.5 percent.

Top 5 Industries
1. Building equipment contractors (38.5 percent gain)
2. Oil and gas extraction (35.7 percent gain)
3. Accounting and bookkeeping services (7.1 percent gain)
4. Specialized freight trucking (6.7 percent gain)
5. Offices of physicians (6.0 percent gain)

Riverside County One-Year Percentage Decline in Employment

The Legal services industry has lost the largest amount of employment in terms of percentage, losing 8.1 percent from 2005 (2nd Quarter) to 2006 (2nd Quarter). These losses have declined faster than the industry has seen in the California, where the it saw a loss of 0 percent. The losses in the Legal services industry in Riverside County outpaced the United States industry losses overall. During this period, the United States gained 0.6 percent in terms of employees in the Legal services industry.

Top 5 Industries
1. Legal services (8.1 percent decline)
2. Health and personal care stores (8.1 percent decline)
3. Other general merchandise stores (7.2 percent decline)
4. Automotive repair and maintenance (6.1 percent decline)
5. Full-service restaurants (5.1 percent decline)





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 Riverside County, California

As the median household income witnessed a growth since 2000 in Riverside County, California, the Race/Ethnicity group that experienced the largest growth in median household income was the Black or African American category. This category saw an increase of 10.1 percent since 2000. The American Indian and Alaska Native Race/Ethnicity group has been least impacted by the median income growth in Riverside County, encountering a 5.1 percent decline in household income level, since the year 2005.

Evaluated with other counties (or parishes) across the nation, Riverside County, California can be recognized as having a medium-high poverty rate amid the residents with a poverty rate of 14.2 percent of the individuals existing in families with incomes under the poverty level in 1999. The American Indian and Alaska Native race/ethnicity population category, holds the highest rate of poverty with 21.4 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 Riverside County, with 20.6 percent of this demographic group living with incomes under poverty.

The rate of poverty in Riverside County, California has declined by 2.8 percent from the levels reported in the Decennial Census of 2000, moving from 14.2 percent to 11.4 percent.

In Riverside County, California White headed households reported a median household income (2005 Dollars) of $52,600 as reported by the Decennial Census of 2000, which was 4.8 percent greater than the median in 2000. According to the 2000 Census, the Asian headed households in the area have median household incomes of $59,580. This median is 18.7 percent greater than the reported median household income, in the area, for all households. Hispanic households in Riverside County, California , as reported in 2000, had a median household income of $42,669, which is 15 percent less than the median reported for all households in the area. Black or African American headed households had median income levels that were 9.9 percent less than the total 2000 reported median, with a their median reported to be $45,213. The households that were headed by an American Indian and Alaska Native individual in Riverside County reported an income level of $47,983, which was 4.4 percent less than the areas median level for all households.

The median household income has increased from the inflation-adjusted values in 2000. The income level has increased to $52,253, representing a 4.1 percent growth. Riverside County, California, in terms of percent of growth, ranks 9 of 17 counties in percent of growth for median household income in the State of California. Riverside County ranks 39 of 119 counties (or parishes) when analyzing the growth in median income level for the United States.

Compared to other counties (and parishes) throughout the nation, Riverside County reported a relatively high median income for households of $50,178 (Adjusted to 2005 Dollars). This figure is 10.7 percent lower than the household income median in State of California of $55,567 and the income level is 2.1 percent higher than the median for the rest of the nation, which is a reported $49,133.

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

 

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