Monday, January 22, 2007

Santa Clara County One-Year Industry Employment Change

Santa Clara County One-Year Percentage Growth in Employment

The Offices of physicians industry has witnessed the largest percentage of employment expansion, increasing by 83.7 percent from the 2005 (Q2) to the 2006 (Q2). This industry in Santa Clara County has grow faster than the overall industry growth seen in the State of California, where the industry felt a gain of 2.6 percent. The Offices of physicians industry in Santa Clara County outpaced the United States, which experienced a gained 2.5 percent of the employment in this industry.

Top 5 Industries
1. Offices of physicians (83.7 percent gain)
2. Architectural and engineering services (37.8 percent gain)
3. Automobile dealers (36.4 percent gain)
4. Full-service restaurants (27.9 percent gain)
5. Insurance agencies, brokerages, and related (26.1 percent gain)

The total number of jobs has increased by 4.6 percent from 2005 (2nd Quarter). These figures are greater than growth in the State of California, which saw a gain of 2.1 percent from the 2nd Quarter of 2005. The gains felt were greater than than the gain reported at the US level of 2.0 percent.

Santa Clara County One-Year Percentage Decline in Employment

The Accounting and bookkeeping services industry has lost the largest amount of employment in terms of percentage, losing 62.5 percent of the jobs from 2005 to 2006. These have declined faster than the industry sector has felt in the State of California, where the industry felt a gain of 6.9 percent. The losses in the Accounting and bookkeeping services industry in Santa Clara County outpaced the US in terms of percent of decline of industry employment. The US gained 3.8 in percent of jobs in the Accounting and bookkeeping services industry.

Top 5 Industries
1. Accounting and bookkeeping services (62.5 percent decline)
2. Other specialty trade contractors (29.2 percent decline)
3. Building equipment contractors (9 percent decline)
4. Furniture stores (5.4 percent decline)
5. Building finishing contractors (2.4 percent decline)

Total One-Year Employment Growth in Santa Clara County

The Offices of physicians industry has added the most employment with 24 jobs added during the time period. These new jobs in the Offices of physicians industry makes up 14.5 percent of the total growth in Santa Clara County.

Top 5 Industries
1. Offices of physicians (24 new jobs)
2. Full-service restaurants (23 new jobs)
3. Building foundation and exterior contractors (18 new jobs)
4. Cattle ranching and farming (15 new jobs)
5. Automobile dealers (13 new jobs)

Total One-Year Employment Decline in Santa Clara County

Given the industries in the area, the Other specialty trade contractors industry experienced most substantial job loss, losing 13 jobs during the time period. The jobs lost in the Other specialty trade contractors industry make up 45.2 percent of the jobs lost during the period in Santa Clara County, California.

Top 5 Industries
1. Other specialty trade contractors (13 jobs lost)
2. Accounting and bookkeeping services (7 jobs lost)
3. Building equipment contractors (7 jobs lost)
4. Furniture stores (1 jobs lost)
5. Other fabricated metal product manufacturing (21 jobs lost)

In Santa Clara County, California, the total number of jobs throughout all industries has increased by 199 jobs from mid-2005 to mid-2006.

Given the 25 industry sectors (4-digit NAICS) with employment figures reported by the BLS in each quarter, 6 described an expansion of jobs throughout the time period, while 18 industry sectors accounting for employment declines during that time period.





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 Santa Clara County, California

The poverty rate in Santa Clara County, California has increased by 0.8 percent since the 2000 rates, moving from 7.5 percent to 8.3 percent.

Compared to other counties (and parishes) throughout the nation, Santa Clara County had a very high median income for all households of $86,972 (2005 Dollars). This median is 36.1 percent higher than the median in California of $55,567 and the income level is 43.5 percent higher than the median household income in the United States of $49,133.

The household income has declined from the values (adjusted for inflation) in 2000. The median has decreased to $76,810, posting a 11.7 percent decline. Santa Clara County, California, when analyzing percentage of decline, ranks 1 of 23 counties in percent of decline for income levels in the State of California. Santa Clara County ranks 151 of 668 counties (or parishes) in terms of the decline in median income level for the United States.

Hispanic households in Santa Clara County, California reported a median household income of $65,019, this median is 25.2 percent less 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 20.7 percent less than the all population median published in the 2000 Census, with a median of $68,934. According to the 2000 Census, the Asian headed households in the area have median household incomes of $96,881. This income level is 11.4 percent greater than the reported median household income for all households in the area. In Santa Clara County, California White householders had a median income (2005 Dollars) of $89,464 according to the Decennial Census of 2000, which was 2.9 percent greater than the median income in 2000. The American Indian and Alaska Native householders in Santa Clara County reported a median household income of $63,067, this level was 27.5 percent less than the median income level in this area.

While the median household income saw a decline during the period of 2000 to 2005 in Santa Clara County, California, the Race/Ethnicity category that saw the sharpest decline in household income was the American Indian and Alaska Native Race/Ethnicity category. This category went through a decline of 35 percent since the year 2000. The Asian population group was least impacted by the household income decline in Santa Clara County, experiencing a 10.1 percent decline in household income level, since the year 2005.

When put side-by-side with other counties (or parishes) throughout the United States, Santa Clara County, California can be understood to have a poverty rate amid the residents with a poverty rate of 7.5 percent of the individuals existing in families with incomes under the poverty level in 1999. The Hispanic race/ethnicity demographic group, represents the largest rate of poverty with 13.2 percent of the people in 2000 living in poverty. The population that is aged 12 to 17 years are experiencing most percent people in poverty in Santa Clara County, reporting 9.9 percent of this demographic group living with incomes under poverty.

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

 

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