Friday, February 23, 2007

Summit County Five-Year Industry Employment Change

Total Five-Year Employment Growth in Summit County

The Limited-service eating places industry has brought the most jobs with a total of 136 employees finding new jobs in the industry. The employment growth in the Limited-service eating places industry makes up 15.5 percent of the total number of new jobs in Summit County.

Top 5 Industries
1. Limited-service eating places (136 new jobs)
2. Other specialty trade contractors (108 new jobs)
3. Offices of real estate agents and brokers (103 new jobs)
4. Clothing stores (56 new jobs)
5. Offices of physicians (54 new jobs)

In Summit County, Colorado, the total number of workers for all sectors has decreased by 441 jobs from mid-2001 to mid-2006.

Given the 62 industry sectors (4-digit NAICS) with employment figures reported by the BLS in each quarter, 30 accounted an for increase in employment during the period and 32 industries reported a drop in employment.

Total Five-Year Employment Decline in Summit County

Of the area's industries (4-digit NAICS), the Consumer goods rental industry faced the greatest employment loss with a total loss of 106 jobs. The declines in the Consumer goods rental industry make up 16.5 percent of the total employment decline in Summit County, Colorado.

Top 5 Industries
1. Consumer goods rental (106 jobs lost)
2. Building equipment contractors (50 jobs lost)
3. Building foundation and exterior contractors (50 jobs lost)
4. Activities related to real estate (45 jobs lost)
5. Jewelry, luggage, and leather goods stores (44 jobs lost)

Summit County Five-Year Percentage Decline in Employment

The Specialty food stores industry has lost the largest percent of jobs, losing 58.7 percent of the jobs from 2001 to 2006. These have declined faster than the industry has experienced in the State of Colorado, where the industry felt a gain of 28.8 percent. The losses in the Specialty food stores industry in Summit County outpaced the United States industry losses overall. During this period, the United States lost 12.1 percent in terms of employment in the Specialty food stores industry.

Top 5 Industries
1. Specialty food stores (58.7 percent decline)
2. Private households (56.7 percent decline)
3. Printing and related support activities (48.8 percent decline)
4. Other personal services (40.4 percent decline)
5. Jewelry, luggage, and leather goods stores (39.7 percent decline)

Summit County Five-Year Percentage Growth in Employment

The Office administrative services industry has experienced the largest percentage growth, expanding by 536.8 percent from the 2nd quarter of 2001 to the 2nd quarter of 2006. This industry sector in Summit County has added employment faster than the growth seen in the industry for Colorado, where the industry took a gain of 57.6 percent. The Office administrative services industry in Summit County outpaced the national average, which felt a gained 37.6 percent of the industry employment.

Top 5 Industries
1. Office administrative services (536.8 percent gain)
2. Offices of physicians (148.6 percent gain)
3. Management of companies and enterprises (76.3 percent gain)
4. Management and technical consulting services (68.8 percent gain)
5. Apparel and piece goods merchant wholesalers (60.0 percent gain)

Total industry employment has decreased by 2.8 percent from 2001 (2nd Quarter). These figures are greater than percent in Colorado, which went through a gain of 0.1 percent from the 2nd Quarter of 2001. The losses the area experienced were greater than than the gain reported at the US level of 2.6 percent.





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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