Friday, February 23, 2007

New London County Five-Year Industry Employment Change

In New London County, Connecticut, the total number of workers for all sectors has increased by 3,587 jobs between mid-2001 and mid-2006.

Total Five-Year Employment Decline in New London County

From of the area's 4-digit NAICS industries, the Department stores industry witnessed the largest drop in employment, losing a total of 698 jobs during the period. The employment lost in the Department stores industry make up 12.3 percent of the jobs lost during the period in New London County, Connecticut.

Top 5 Industries
1. Department stores (698 jobs lost)
2. Traveler accommodation (583 jobs lost)
3. Employment services (467 jobs lost)
4. Nonresidential building construction (403 jobs lost)
5. Investigation and security services (366 jobs lost)

Given the 138 4-digit NAICS industries, 59 showed an escalation in the number employed, while 78 industry sectors accounting for employment declines during that time period.

Total Five-Year Employment Growth in New London County

The Full-service restaurants industry has added the most employment with 1,097 new jobs created in the period. The job growth in the Full-service restaurants industry makes up 10.9 percent of the growth in New London County.

Top 5 Industries
1. Full-service restaurants (1,097 new jobs)
2. Other general merchandise stores (1,037 new jobs)
3. Scientific research and development services (995 new jobs)
4. Limited-service eating places (694 new jobs)
5. Offices of physicians (362 new jobs)

New London County Five-Year Percentage Growth in Employment

The Electronic equipment repair and maintenance industry has seen the largest percentage job growth, expanding by 726.4 percent from 2001 (2nd quarter) to 2006 (2nd quarter). This industry sector in New London County has grow faster than the industry has grown in the State of Connecticut, where it saw a gain of 20.4 percent. The Electronic equipment repair and maintenance industry in New London County outpaced the national average, which felt a lost 2.5 percent.

Top 5 Industries
1. Electronic equipment repair and maintenance (726.4 percent gain)
2. Other general merchandise stores (448.3 percent gain)
3. Scientific research and development services (349.4 percent gain)
4. Other residential care facilities (330.1 percent gain)
5. Wireless telecommunications carriers (321.4 percent gain)

New London County Five-Year Percentage Decline in Employment

The Unclassified industry has lost the biggest percent of jobs, losing 84.6 percent of the jobs from 2001 to 2006. These have declined faster than the industry sector has gone through in the Connecticut, where the it saw a loss of 73 percent. The losses in the Unclassified industry in New London County outpaced the United States industry losses overall. During this period, the United States gained 1.7 percent in terms of employment in the Unclassified industry.

Top 5 Industries
1. Unclassified (84.6 percent decline)
2. Other heavy construction (80.8 percent decline)
3. Automotive equipment rental and leasing (65.3 percent decline)
4. Investigation and security services (55.8 percent decline)
5. Educational support services (54.4 percent decline)

Employment for all industries has increased by 4.1 percent since the 2nd Quarter figures of 2001. This change is less than percent in the State of Connecticut, which went through a loss of -0.4 percent from 2001 (2nd Quarter). The gains in the area 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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