Placer County Industry Wages Lag Behind California, and Wages Lag Behind the United States

Placer County Five-Year Industry Employment Change

Employment for all industries has increased by 17.9 percent since the 2nd Quarter of 2001. This is greater than percent in California, experiencing a gain of 2.8 percent since the 2nd Quarter of 2001. The gains in the area were greater than than the gain felt at the national level of 2.6 percent.

Placer County Five-Year Percentage Decline in Employment

The Travel arrangement and reservation services industry has lost the largest amount of employment in terms of percentage, losing 80.1 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 sector has felt in the State of California, where the industry sector experienced a loss of 29.9 percent. The losses in the Travel arrangement and reservation services industry in Placer County outpaced the US in terms of percent of decline of industry employment. The US lost 22.6 in percent of jobs in the Travel arrangement and reservation services industry.

Top 5 Industries
1. Travel arrangement and reservation services (80.1 percent decline)
2. Electronic equipment repair and maintenance (76.2 percent decline)
3. Commercial and service industry machinery (73.4 percent decline)
4. Grantmaking and giving services (70.4 percent decline)
5. Management of companies and enterprises (62.2 percent decline)

Placer County Five-Year Percentage Growth in Employment

The Wired telecommunications carriers industry has witnessed the largest percentage of employment expansion, increasing by 972.4 percent from 2001 to 2006. This industry in Placer County has expanded faster than the growth seen in the industry for California, where the industry took a loss of 24.7 percent. The Wired telecommunications carriers industry in Placer County outpaced the United States, which experienced a lost 34.7 percent in this industry.

Top 5 Industries
1. Wired telecommunications carriers (972.4 percent gain)
2. Semiconductor and electronic component mfg. (501.2 percent gain)
3. Activities related to credit intermediation (403.8 percent gain)
4. Electronic markets and agents and brokers (322.9 percent gain)
5. Outpatient care centers (196.2 percent gain)

Total Five-Year Employment Growth in Placer County

Of the industries (4-digit NAICS) in the area, the Limited-service eating places industry has brought the most jobs with a total of 2,157 employees finding new jobs in the industry. The employment growth in the Limited-service eating places industry makes up 8.9 percent of the total employment growth in Placer County.

Top 5 Industries
1. Limited-service eating places (2,157 new jobs)
2. Full-service restaurants (1,442 new jobs)
3. Activities related to credit intermediation (983 new jobs)
4. Management and technical consulting services (823 new jobs)
5. Department stores (782 new jobs)

In Placer County, California, the total number of workers for all sectors has increased by 17,939 total jobs from 2001 to 2006.

Out of the 150 industries (4-digit NAICS) with sufficient data reported by the Bureau of Labor Statistics (BLS) in each quarter, 47 showed an escalation in the number employed, while 103 industry sectors accounting for employment declines during that time period.

Total Five-Year Employment Decline in Placer County

Given the industries in the area, the Management of companies and enterprises industry has lost the most employment with a total loss of 1,499 jobs in that time period. The declines in the Management of companies and enterprises industry make up 22.2 percent of the employment lost during the period in Placer County, California.

Top 5 Industries
1. Management of companies and enterprises (1,499 jobs lost)
2. Employment services (1,363 jobs lost)
3. Electronic equipment repair and maintenance (1,146 jobs lost)
4. Offices of physicians (356 jobs lost)
5. Travel arrangement and reservation services (327 jobs lost)





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.