Monday, January 22, 2007

Hartford County One-Year Industry Employment Change

Total One-Year Employment Decline in Hartford County

Given the industries in the area, the Gasoline stations industry experienced most substantial job loss, losing 12 jobs. The declines in the Gasoline stations industry make up 30.0 percent of the total employment decline in Hartford County, Connecticut.

Top 5 Industries
1. Gasoline stations (12 jobs lost)
2. Home furnishings stores (7 jobs lost)
3. Building finishing contractors (7 jobs lost)
4. Lawn and garden equipment and supplies stores (6 jobs lost)
5. Private households (4 jobs lost)

From the 18 industry sectors (4-digit NAICS) with employment figures reported by the BLS in each quarter, 9 accounted an for increase in employment during the period and 9 industries reported a drop in employment.

In Hartford County, Connecticut, the total number of workers for all sectors has decreased by 150 jobs from mid-2005 to mid-2006.

Total One-Year Employment Growth in Hartford County

The Full-service restaurants industry has brought the most jobs with a total of 31 new jobs created in the period. The job growth in the Full-service restaurants industry makes up 42.0 percent of the total number of new jobs in Hartford County.

Top 5 Industries
1. Full-service restaurants (31 new jobs)
2. Residential building construction (18 new jobs)
3. Depository credit intermediation (12 new jobs)
4. Auto parts, accessories, and tire stores (5 new jobs)
5. Health and personal care stores (3 new jobs)

Hartford County One-Year Percentage Decline in Employment

The Building finishing contractors industry has lost the largest amount of employment in terms of percentage, losing 50 percent from 2005 (2nd Quarter) to 2006 (2nd Quarter). These losses have declined faster than the industry has seen in the Connecticut, where the industry felt a loss of 5.3 percent. The losses in the Building finishing contractors industry in Hartford County outpaced the United States in terms of percentage decline of industry employment. In this period, the United States gained 5.4 in percent of jobs in the Building finishing contractors industry.

Top 5 Industries
1. Building finishing contractors (50 percent decline)
2. Private households (45.8 percent decline)
3. Home furnishings stores (34.4 percent decline)
4. Offices of real estate agents and brokers (22.2 percent decline)
5. Lawn and garden equipment and supplies stores (18.7 percent decline)

Hartford County One-Year Percentage Growth in Employment

The Residential building construction industry has witnessed the largest percentage of employment expansion, increasing by 196.4 percent from the 2005 (Q2) to the 2006 (Q2). This industry in Hartford County has increased employment faster than the overall industry growth seen in the State of Connecticut, where it saw a gain of 4.2 percent. The Residential building construction industry in Hartford County outpaced the national average, which felt a gained 5.5 percent of the employment in this industry.

Top 5 Industries
1. Residential building construction (196.4 percent gain)
2. Full-service restaurants (31.6 percent gain)
3. Depository credit intermediation (17.3 percent gain)
4. Auto parts, accessories, and tire stores (14.7 percent gain)
5. Legal services (12.1 percent gain)

The total number of jobs has decreased by 4.3 percent from 2005 (2nd Quarter). These figures are greater than growth in Connecticut, which went through a gain of 1.1 percent from the 2nd Quarter of 2005. The losses felt were greater than than the gain experienced overall in the US of 2.0 percent.





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 Hartford County, Connecticut

Evaluated with other counties (or parishes) across the nation, Hartford County, Connecticut may be understood as having a rate of poverty among its population, accounting a rate of 9.3 percent of the individuals existing in families with incomes under the poverty level in 1999. The Hispanic race/ethnicity population category, holds the highest rate of poverty with 30.7 percent of the people in 2000 living in poverty. The population that is aged Under 5 years have the largest percent of population in poverty in Hartford County, having 14.1 percent of this age group in the area living in poverty.

While household income level experienced a decline during the period of 2000 to 2005 in Hartford County, Connecticut, the Race/Ethnicity category that saw the sharpest decline in the household income level was the Hispanic category. This category saw a decline of 4.7 percent in the last five years. The Asian population group was least impacted by the household income decline in Hartford County, experiencing a 10.4 percent increase in median household income from 2000 to 2005.

The household income has declined from the inflation-adjusted values in 2000. The income level has decreased to $57,939, which amounts to a 2.4 percent decline. Hartford County, Connecticut, when analyzing percentage of decline, ranks 4 of 5 counties in percent of decline for income levels in the State of Connecticut. Hartford County ranks 586 of 668 counties (or parishes) when comparing total percent of decline in median income level for the United States.

Compared to counties across the United States, Hartford County reported a relatively high median household income of $59,385 (Adjusted to 2005 Dollars). This is 6.3 percent lower than the median in State of Connecticut of $63,104 and the income level is 17.3 percent higher than the median household income level in the US of $49,133.

The rate of poverty in Hartford County, Connecticut has increased by 0.1 percent from the levels reported in the Decennial Census of 2000, moving from 9.3 percent to 9.4 percent.

Hispanic headed households in Hartford County, Connecticut recorded a median income of $30,773, which is 48.2 percent less than the median reported for all households in the area. The American Indian and Alaska Native households in Hartford County had a median household income level of $28,253, this level was 52.4 percent less than the median income level in this area. It was reported in 2000 that the Asian headed households had median household incomes of $65,603. This median income level is 10.5 percent greater than the reported median household income for all households in the area. Black or African American headed households had a median household income that was 32.2 percent less than the overall median reported in 2000, with a reported median of $40,267. In Hartford County, Connecticut White householders had a median household income (in 2005 Dollars) of $65,002 according to the Decennial Census of 2000, which was 9.5 percent greater than the median income in 2000.

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

 

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