Monday, January 22, 2007

Fairfield County One-Year Industry Employment Change

Total One-Year Employment Decline in Fairfield County

The Employment services industry has lost the most employment with a total loss of 1,488 jobs. The declines in the Employment services industry make up 15.2 percent of the employment lost during the period in Fairfield County, Connecticut.

Top 5 Industries
1. Employment services (1,488 jobs lost)
2. Accounting and bookkeeping services (1,221 jobs lost)
3. Data processing and related services (960 jobs lost)
4. Wired telecommunications carriers (741 jobs lost)
5. Building equipment contractors (662 jobs lost)

Of the 178 4-digit NAICS industries, 79 showed an escalation in the number employed, while 99 industries reported a drop in employment.

In Fairfield County, Connecticut, the total number of jobs throughout all industries has increased by 9,038 jobs from mid-2005 to mid-2006.

Total One-Year Employment Growth in Fairfield County

Out of the 4-digit NAICS industries, the Management and technical consulting services industry has grown the most with 5,086 total jobs brought in during the period. The growth in the Management and technical consulting services industry makes up 27.8 percent of the total growth in Fairfield County.

Top 5 Industries
1. Management and technical consulting services (5,086 new jobs)
2. Computer systems design and related services (3,228 new jobs)
3. Nonresidential building construction (803 new jobs)
4. Building finishing contractors (730 new jobs)
5. Management of companies and enterprises (708 new jobs)

Employment for all industries has increased by 1.8 percent from 2005 (2nd Quarter). These figures are greater than percent in Connecticut, which experienced a gain of 1.1 percent since the 2nd Quarter of 2005. The gains the area experienced were less than than the gain reported at the US level of 2.0 percent.

Fairfield County One-Year Percentage Growth in Employment

The Satellite telecommunications industry has witnessed the largest percentage of employment expansion, increasing by 89.6 percent from 2005 to 2006. This industry in Fairfield County has added employment faster than the overall industry growth seen in the State of Connecticut, where the industry took a gain of 2.3 percent. The Satellite telecommunications industry in Fairfield County outpaced the nation in terms of industry employment growth . During this period, the nation gained 0.7 percent of the employment in this industry.

Top 5 Industries
1. Satellite telecommunications (89.6 percent gain)
2. Sound recording industries (55.6 percent gain)
3. Colleges and universities (53.3 percent gain)
4. Computer and peripheral equipment mfg. (47.2 percent gain)
5. Grantmaking and giving services (41.0 percent gain)

Fairfield County One-Year Percentage Decline in Employment

The Cement and concrete product manufacturing industry has lost the largest percent of jobs, losing 52 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 sector has gone through in the Connecticut, where the industry reported a gain of 3.7 percent. The losses in the Cement and concrete product manufacturing industry in Fairfield County outpaced the losses of nation as a whole in the industry. In this time period, the nation gained 4.4 percent in terms of employees in the Cement and concrete product manufacturing industry.

Top 5 Industries
1. Cement and concrete product manufacturing (52 percent decline)
2. Local messengers and local delivery (40.2 percent decline)
3. Agents and managers for public figures (19 percent decline)
4. Remediation and other waste services (18.8 percent decline)
5. Data processing and related services (17.5 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.

Wednesday, January 10, 2007

Income and Poverty in Fairfield County, Connecticut

As the median household income witnessed a decline during the period of 2000 to 2005 in Fairfield County, Connecticut, the Race/Ethnicity group that experienced the largest decline in the household income level was the Black or African American Race/Ethnicity category. This category went through a decline of 8 percent since 2000. The Asian Race/Ethnicity group has been least impacted by the median income decline in Fairfield County, encountering a 1.9 percent increase in median household income from 2000 to 2005.

Contrasted against to other counties (or parishes) throughout the US, Fairfield County, Connecticut may be understood as having a rate of poverty among its population, accounting a rate of 6.9 percent of the individuals existing in families with incomes under the poverty level in 1999. The American Indian and Alaska Native race/ethnicity demographic category, owns the foremost rate of poverty with 20.3 percent of the population in 2000 living in poverty. Individuals aged 5 years are experiencing most percent people in poverty in Fairfield County, with 9.2 percent of this demographic group living with incomes under poverty.

Compared to counties across the United States, Fairfield County accounted a very high household income of $76,341 (2005 Dollars). The income level is 17.3 percent higher than the median in Connecticut of $63,104 and the median is 35.6 percent higher than the median household income level in the US of $49,133.

The areas median household income has declined from the inflation-adjusted values in 2000. The income level has decreased to $71,633, which amounts to a 6.2 percent decline. Fairfield County, Connecticut, when comparing total percent of decline, ranks 3 of 5 counties in percent of decline for household income in Connecticut. Fairfield County ranks 404 of 668 counties (or parishes) when comparing total percent of decline in household income across the nation.

The poverty rate in Fairfield County, Connecticut has increased by 0.4 percent since the amounts published in 2000, moving from 6.9 percent to 7.3 percent.

The American Indian and Alaska Native householders in Fairfield County had a median household income level of $63,960, this median was 16.2 percent less than the median level for total households in the area. Hispanic headed households in Fairfield County, Connecticut reported a median household income of $45,803, which is 40 percent less than the areas median income level for all households. In Fairfield County, Connecticut White headed households reported a median household income (2005 Dollars) of $83,476 as reported in 2000 by the census, which was 9.3 percent greater than the median household income in 2000. The Asian householders in the area have reported their median household incomes at $92,653. This income level is 21.4 percent greater than the reported median household income, in the area, for all households. Black or African American headed households had a median household income that was 42.5 percent less than the overall median reported in 2000, with a reported median of $43,859.

Datasource: U.S. Bureau of the Census. 2000 Decennial Census. 2005 American Community Survey.

 

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