Wednesday, January 24, 2007

Norwich-New London One-Year Industry Employment Change

Of the 145 industries with industry data reported by the BLS in each quarter, 57 showed an escalation in the number employed, while 87 industries reported employment loss in the period.

In the Norwich-New London, CT metro area, the total number of jobs throughout all industries has increased by 237 total jobs from 2005 to 2006.

Total One-Year Employment Decline in the Norwich-New London Metro Area

The Department stores industry experienced most substantial job loss, losing 1,028 jobs during the time period. The jobs lost in the Department stores industry make up 37.8 percent of the jobs lost during the period in Norwich-New London, CT.

Top 5 Industries
1. Department stores (1,028 jobs lost)
2. Building finishing contractors (181 jobs lost)
3. Employment services (166 jobs lost)
4. Greenhouse and nursery production (165 jobs lost)
5. Other heavy construction (102 jobs lost)

Total One-Year Employment Growth in the Norwich-New London Metro Area

The Other general merchandise stores industry has brought the most jobs with a total of 903 new jobs created in the period. The job growth in the Other general merchandise stores industry makes up 27.7 percent of the total growth in Norwich-New London.

Top 5 Industries
1. Other general merchandise stores (903 new jobs)
2. Limited-service eating places (266 new jobs)
3. Computer systems design and related services (156 new jobs)
4. Full-service restaurants (146 new jobs)
5. Building material and supplies dealers (135 new jobs)

The Norwich-New London Metro Area: One-Year Percentage Growth in Employment

The Other general merchandise stores industry has seen the largest percentage job growth, expanding by 247.2 percent from the 2nd quarter of 2005 to the 2nd quarter of 2006. This industry sector in Norwich-New London has increased employment faster than the industry job growth experienced in Connecticut, where it saw a gain of 35.5 percent. The Other general merchandise stores industry in Norwich-New London outpaced the US in terms of percent growth of industry employment. During this period, the US gained 3.3 percent.

Top 5 Industries
1. Other general merchandise stores (247.2 percent gain)
2. Other crop farming (131.4 percent gain)
3. Educational support services (106.7 percent gain)
4. Fishing (84.6 percent gain)
5. Electronic markets and agents and brokers (54.5 percent gain)

Employment for all industries has increased by 0.3 percent since the 2nd Quarter of 2005. This is less than percent in Connecticut, which experienced a gain of 1.1 percent from 2005 (2nd Quarter). The gains the area experienced were less than than the gain felt at the national level of 2 percent.

The Norwich-New London Metro Area: One-Year Percentage Decline in Employment

The Other heavy construction industry has seen the largest percentage drop in employment, losing 73.7 percent of the jobs from the 2nd quarter of 2005 to 2nd quarter of 2006. The losses of the area have declined faster than the industry has experienced in the State of Connecticut, where the it saw a loss of 20.5 percent. The losses in the Other heavy construction industry in Norwich-New London outpaced the United States industry losses overall. During this period, the United States gained 4.4 percent in terms of employees in the Other heavy construction industry.

Top 5 Industries
1. Other heavy construction (73.7 percent decline)
2. Unclassified (55.7 percent decline)
3. Nondepository credit intermediation (51.7 percent decline)
4. Department stores (45 percent decline)
5. General rental centers (40.6 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.

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