Tuesday, February 27, 2007

Grand County Industry Wages Lag Behind Colorado, and Wages Lag Behind the United States


(Click Image to Enlarge Graph)



Wages in all industries in Grand County, Colorado when analyzed can be understood as being medium-low when compared to other Counties throughout the state in the 2nd quarter of 2006. The industry wages are 38.5 percent lower than the with an state average of $41,530. The average pay was less than the overall average in the United States of $40,259.

About: These facts are part of 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.

Friday, February 23, 2007

Grand County Five-Year Industry Employment Change

Total Five-Year Employment Decline in Grand County

The Activities related to real estate industry faced the greatest employment loss with a total loss of 100 jobs in that time period. The declines in the Activities related to real estate industry make up 38.8 percent of the total job loss in Grand County, Colorado.

Top 5 Industries
1. Activities related to real estate (100 jobs lost)
2. Professional and similar organizations (70 jobs lost)
3. Limited-service eating places (38 jobs lost)
4. Accounting and bookkeeping services (14 jobs lost)
5. Insurance agencies, brokerages, and related (12 jobs lost)

In Grand County, Colorado, the aggregate employment for all industry sectors has increased by 359 total jobs between the 2nd Quarter of 2001 and 2nd Quarter of 2006.

From the 31 industry sectors (4-digit NAICS) with employment figures reported by the BLS in each quarter, 11 reported job growth in the duration of the last five years and 20 industry sectors accounting for employment declines during that time period.

Total Five-Year Employment Growth in Grand County

Of the industries (4-digit NAICS) in the area, the Grocery stores industry has brought the most jobs with a total of 90 employees finding new jobs in the industry. The employment growth in the Grocery stores industry makes up 19.3 percent of the growth in Grand County.

Top 5 Industries
1. Grocery stores (90 new jobs)
2. Building foundation and exterior contractors (82 new jobs)
3. Traveler accommodation (77 new jobs)
4. Services to buildings and dwellings (44 new jobs)
5. Lessors of real estate (28 new jobs)

Employment for all industries has increased by 6.8 percent from the reported values in 2001. These values are greater than percent in the State of Colorado, experiencing a gain of 0.1 percent since the 2nd Quarter of 2001. The gains in the area were greater than than the gain seen for the United States of 2.6 percent.

Grand County Five-Year Percentage Growth in Employment

The Lessors of real estate industry has experienced the largest percentage growth, expanding by 195.3 percent from the 2nd quarter of 2001 to the 2nd quarter of 2006. This industry sector in Grand County has added employment faster than the industry job growth experienced in Colorado, where this industry saw a gain of 1.9 percent. The Lessors of real estate industry in Grand County outpaced the national average, which felt a lost 2.1 percent of the employment in this industry.

Top 5 Industries
1. Lessors of real estate (195.3 percent gain)
2. Services to buildings and dwellings (94.9 percent gain)
3. Building foundation and exterior contractors (73.5 percent gain)
4. Architectural and engineering services (68.7 percent gain)
5. Grocery stores (64.8 percent gain)

Grand County Five-Year Percentage Decline in Employment

The Professional and similar organizations industry has lost the biggest percent of jobs, losing 75.5 percent from 2001 (Q2) to 2006 (Q2). The losses of the area have declined faster than the industry has experienced in the State of Colorado, where the industry reported a gain of 8.9 percent. The losses in the Professional and similar organizations industry in Grand County outpaced the US in terms of percent of decline of industry employment. The US gained 1.6 in percent of workers in the Professional and similar organizations industry.

Top 5 Industries
1. Professional and similar organizations (75.5 percent decline)
2. Auto parts, accessories, and tire stores (38.2 percent decline)
3. Accounting and bookkeeping services (31.3 percent decline)
4. Activities related to real estate (29.5 percent decline)
5. Insurance agencies, brokerages, and related (29 percent decline)





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.

 

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