Wednesday, January 24, 2007

Hartford-West Hartford-East Hartford One-Year Industry Employment Change

Total One-Year Employment Decline in the Hartford-West Hartford-East Hartford Metro Area

The Grocery stores industry experienced most substantial job loss, losing 564 jobs in that time period. The declines in the Grocery stores industry make up 23.9 percent of the total employment decline in Hartford-West Hartford-East Hartford, CT.

Top 5 Industries
1. Grocery stores (564 jobs lost)
2. Building finishing contractors (230 jobs lost)
3. Building foundation and exterior contractors (227 jobs lost)
4. Motor vehicle and parts merchant wholesalers (121 jobs lost)
5. Scientific research and development services (121 jobs lost)

In the Hartford-West Hartford-East Hartford, CT metro area, the total number of jobs throughout all industries has increased by 1,920 jobs from mid-2005 to mid-2006.

Given the 91 4-digit NAICS industries, 35 showed an escalation in the number employed, while 56 industry sectors accounting for employment declines during that time period.

Total One-Year Employment Growth in the Hartford-West Hartford-East Hartford Metro Area

Of the industries (4-digit NAICS) in the area, the Clothing stores industry has brought the most jobs with a total of 812 total jobs brought in during the period. The growth in the Clothing stores industry makes up 9.5 percent of the total number of new jobs in Hartford-West Hartford-East Hartford.

Top 5 Industries
1. Clothing stores (812 new jobs)
2. Individual and family services (706 new jobs)
3. Computer systems design and related services (615 new jobs)
4. Accounting and bookkeeping services (489 new jobs)
5. Limited-service eating places (452 new jobs)

Total employment has increased by 3.9 percent from the reported values in 2005. These values are greater than percent in the State of Connecticut, which went through a gain of 1.1 percent since 2005 ( 2nd Quarter). The gains felt were greater than than the gain seen for the United States of 2 percent.

The Hartford-West Hartford-East Hartford Metro Area: One-Year Percentage Decline in Employment

The Agents and managers for public figures industry has lost the largest percent of jobs, losing 42.1 percent of the jobs from 2005 to 2006. These have declined faster than the industry has experienced in the State of Connecticut, where the industry reported a loss of 9.8 percent. The losses in the Agents and managers for public figures industry in Hartford-West Hartford-East Hartford outpaced the US in terms of percent of decline of industry employment. The US gained 13.5 percent in terms of employees in the Agents and managers for public figures industry.

Top 5 Industries
1. Agents and managers for public figures (42.1 percent decline)
2. Other nonferrous metal production (22.7 percent decline)
3. Unclassified (14.1 percent decline)
4. Glass and glass product manufacturing (13.4 percent decline)
5. Scientific research and development services (12.6 percent decline)

The Hartford-West Hartford-East Hartford Metro Area: One-Year Percentage Growth in Employment

The Other ground passenger transportation industry has experienced the largest percentage growth, expanding by 31.0 percent from the 2nd quarter of 2005 to the 2nd quarter of 2006. This industry sector in Hartford-West Hartford-East Hartford has expanded faster than the industry job growth experienced in Connecticut, where it saw a gain of 12.2 percent. The Other ground passenger transportation industry in Hartford-West Hartford-East Hartford outpaced the national average, which felt a gained 4.2 percent in this industry.

Top 5 Industries
1. Other ground passenger transportation (31.0 percent gain)
2. Offices of real estate agents and brokers (31.0 percent gain)
3. Lumber and const. supply merchant wholesalers (26.6 percent gain)
4. Other schools and instruction (18.8 percent gain)
5. Clothing stores (16.2 percent gain)





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.

Thursday, January 11, 2007

Income and Poverty in Hartford-West Hartford-East Hartford, CT

The poverty rate in the Hartford-West Hartford-East Hartford, CT Metro has increased by 0.3 percent from the levels reported in the Decennial Census of 2000, moving from 8.1 percent to 8.4 percent.

Evaluated with other MSAs across the nation, the Hartford-West Hartford-East Hartford metro area can be understood to have a rate of poverty among the people, accounting a rate of 8.1 percent of the population with family incomes below the 1999 poverty level. The Hispanic race/ethnicity demographic category, owns the foremost rate of poverty with 29.3 percent of the 2000 population living in poverty. People that are of the age Under 5 years have the most percent of people living in poverty in Hartford-West Hartford-East Hartford, reporting 13.6 percent of this age group in the area living in poverty.



When compared to other Metro Areas throughout the United States, the Hartford-West Hartford-East Hartford metro area accounted a medium-high median income for all households of $50,336 (2005 Dollars). This median is 25.4 percent lower than the median income in State of Connecticut of $63,104 and the median household income is 2.4 percent higher than the median in the US, which is $49,133.

While the median household income saw a growth since 2000 in the Hartford-West Hartford-East Hartford, CT metro area, the Race/Ethnicity category that felt the biggest growth in median income was the Race/Ethnicity category. This category went through an of . percent from 2000 to 2005. The population category was least influenced by the median household income growth in Hartford-West Hartford-East Hartford, experiencing a . percent in household income, since the reported levels in 2000.

The areas median household income has increased sharply from the inflation-adjusted values in 2000. The income level has increased to $61,327, which represents a 21.8 percent growth. The Hartford-West Hartford-East Hartford, CT MSA, when comparing total percent of growth, ranks 17 of 28 metro area in percent of growth for income levels in the State of Connecticut. Hartford-West Hartford-East Hartford ranks 17 of 28 metro area when comparing the growth in household income across the nation.

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

 

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