Friday, February 23, 2007

Fairfield County Five-Year Industry Employment Change

Total Five-Year Employment Growth in Fairfield County

Out of the 4-digit NAICS industries, the Employment services industry has accounted the most employment growth with a total of 2,344 new jobs created in the period. The job growth in the Employment services industry makes up 10.1 percent of the total growth in Fairfield County.

Top 5 Industries
1. Employment services (2,344 new jobs)
2. Full-service restaurants (1,476 new jobs)
3. General medical and surgical hospitals (1,394 new jobs)
4. Clothing stores (959 new jobs)
5. Pharmaceutical and medicine manufacturing (954 new jobs)

In Fairfield County, Connecticut, the aggregate employment for all industry sectors has decreased by 4,867 jobs from mid-2001 to mid-2006.

Out of the 205 industries (4-digit NAICS) with sufficient data reported by the Bureau of Labor Statistics (BLS) in each quarter, 116 described an expansion of jobs throughout the time period, while 88 industries reported a drop in employment.

Total Five-Year Employment Decline in Fairfield County

The Management of companies and enterprises industry experienced most substantial job loss, losing 3,321 jobs in that time period. The declines in the Management of companies and enterprises industry make up 10.5 percent of the employment lost during the period in Fairfield County, Connecticut.

Top 5 Industries
1. Management of companies and enterprises (3,321 jobs lost)
2. Computer systems design and related services (2,145 jobs lost)
3. Depository credit intermediation (1,608 jobs lost)
4. Semiconductor and electronic component mfg. (1,530 jobs lost)
5. Newspaper, book, and directory publishers (1,438 jobs lost)

Employment for all industries has decreased by 1.3 percent since the 2nd Quarter figures of 2001. This change is greater than growth in Connecticut, which experienced a loss of -0.4 percent since the 2nd Quarter of 2001. The losses in the area were greater than than the gain felt at the national level of 2.6 percent.

Fairfield County Five-Year Percentage Growth in Employment

The Industrial machinery manufacturing industry has seen the largest percentage job growth, expanding by 256.4 percent from the 2001 (Q2) to the 2006 (Q2). This industry in Fairfield County has added employment faster than the growth seen in the industry for Connecticut, where the industry took a loss of 14.1 percent. The Industrial machinery manufacturing industry in Fairfield County outpaced the US in terms of percent growth of industry employment. During this period, the US lost 19.7 percent of the industry employment.

Top 5 Industries
1. Industrial machinery manufacturing (256.4 percent gain)
2. Lessors of nonfinancial intangible assets (107.6 percent gain)
3. Other textile product mills (100.4 percent gain)
4. Support activities for road transportation (98.5 percent gain)
5. Lumber and const. supply merchant wholesalers (92.7 percent gain)

Fairfield County Five-Year Percentage Decline in Employment

The Cut and sew apparel manufacturing industry has lost the largest amount of employment in terms of percentage, losing 83.7 percent of the jobs from 2001 to 2006. These have declined faster than the industry sector has gone through in the Connecticut, where the industry reported a loss of 68.6 percent. The losses in the Cut and sew apparel manufacturing industry in Fairfield County outpaced the United States industry losses overall. During this period, the United States lost 45.7 percent in terms of employment in the Cut and sew apparel manufacturing industry.

Top 5 Industries
1. Cut and sew apparel manufacturing (83.7 percent decline)
2. Unclassified (65.2 percent decline)
3. Other nonferrous metal production (62.8 percent decline)
4. Internet publishing and broadcasting (56.1 percent decline)
5. Semiconductor and electronic component mfg. (55.7 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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