Monday, January 22, 2007

Middlesex County One-Year Industry Employment Change

The total number of jobs has increased by 1.2 percent since the 2nd Quarter of 2005. This is greater than percent in the State of Connecticut, experiencing a gain of 1.1 percent from 2005 (2nd Quarter). The gains were less than than the gain experienced overall in the US of 2.0 percent.

Middlesex County One-Year Percentage Growth in Employment

The Fishing industry has gone through the largest job growth by percent, increasing by 150.0 percent from the 2005 (Q2) to the 2006 (Q2). This industry in Middlesex County has grow faster than the industry has grown in the State of Connecticut, where it saw a gain of . percent. The Fishing industry in Middlesex County outpaced the national average, which felt a lost 6.2 percent of the employment in this industry.

Top 5 Industries
1. Fishing (150.0 percent gain)
2. Unclassified (111.2 percent gain)
3. Computer and peripheral equipment mfg. (71.9 percent gain)
4. Rubber product manufacturing (64.5 percent gain)
5. Coating, engraving, and heat treating metals (54.9 percent gain)

Middlesex County One-Year Percentage Decline in Employment

The Audio and video equipment manufacturing industry has seen the largest percentage drop in employment, losing 61.2 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 has seen in the Connecticut, where the industry reported a loss of 1.5 percent. The losses in the Audio and video equipment manufacturing industry in Middlesex County outpaced the US in terms of percent of decline of industry employment. The US lost 3.2 percent in terms of employees in the Audio and video equipment manufacturing industry.

Top 5 Industries
1. Audio and video equipment manufacturing (61.2 percent decline)
2. Textile and fabric finishing mills (56.1 percent decline)
3. Civic and social organizations (54.5 percent decline)
4. Seafood product preparation and packaging (52.7 percent decline)
5. RV parks and recreational camps (42.3 percent decline)

Total One-Year Employment Growth in Middlesex County

The Unclassified industry has accounted the most employment growth with a total of 2,147 employees finding new jobs in the industry. The employment growth in the Unclassified industry makes up 6.0 percent of the total growth in Middlesex County.

Top 5 Industries
1. Unclassified (2,147 new jobs)
2. Other general merchandise stores (2,094 new jobs)
3. Building foundation and exterior contractors (1,794 new jobs)
4. Investigation and security services (1,321 new jobs)
5. Clothing stores (1,207 new jobs)

In Middlesex County, Connecticut, the total number of workers for all sectors has increased by 9,783 total jobs from 2005 to 2006.

Given the 247 industry sectors (4-digit NAICS) with employment figures reported by the BLS in each quarter, 105 accounted an for increase in employment during the period and 141 industries reported employment loss in the period.

Total One-Year Employment Decline in Middlesex County

From of the area's 4-digit NAICS industries, the Employment services industry witnessed the largest drop in employment, losing a total of 8,977 jobs. The declines in the Employment services industry make up 35.4 percent of the total job loss in Middlesex County, Connecticut.

Top 5 Industries
1. Employment services (8,977 jobs lost)
2. Wired telecommunications carriers (1,003 jobs lost)
3. Insurance carriers (898 jobs lost)
4. Civic and social organizations (861 jobs lost)
5. Department stores (782 jobs lost)





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 Middlesex County, Connecticut

Compared to counties across the United States, Middlesex County was reported to have a very high median income for households of $69,235 (2005 Dollars). This median is 8.9 percent higher than the median in State of Connecticut of $63,104 and this is 29 percent higher than the median for the rest of the nation, which is a reported $49,133.

Contrasted against to other counties (or parishes) throughout the US, Middlesex County, Connecticut may be understood as having a very low poverty rate amid the residents with a poverty rate of 4.6 percent with a family income under the 1999 poverty level. The Black or African American race/ethnicity population cohort, has the uppermost poverty rate with 12.3 percent of the people in 2000 living in poverty. The population that is aged 75 years and over have the largest percent of population in poverty in Middlesex County, reporting 7.8 percent of the population in this age category living in poverty.

While household income level experienced a growth since 2000 in Middlesex County, Connecticut, the Race/Ethnicity category that felt the biggest growth in household income was the Black or African American Race/Ethnicity category. This group experienced an increase of 32.5 percent since the year 2000. The American Indian and Alaska Native Race/Ethnicity group has been least impacted by the median income growth in Middlesex County, seeing a 1783848.3 percent decline in household income level, since the year 2005.

The household income has increased from the 2000 values (inflation adjusted). The median income has increased to $70,821, posting a 2.3 percent growth. Middlesex County, Connecticut, when analyzing percentage of growth, ranks 2 of 3 counties in percent of growth for the household income level in the State of Connecticut. Middlesex County ranks 65 of 119 counties (or parishes) in terms of the growth in household income across the nation.

The poverty rate in Middlesex County, Connecticut has increased by 0.9 percent since the amounts published in 2000, moving from 4.6 percent to 5.5 percent.

The American Indian and Alaska Native headed households in Middlesex County reported an income level of $37,374, which was 46 percent less than the areas median level for all households. Hispanic headed households in Middlesex County, Connecticut , according to the 2000 census, had a median household income of $60,294, which is 12.9 percent less than the areas median income level for all households. It was reported in 2000 that the Asian headed households had median household incomes of $66,488. This median income level is 4 percent less than the reported median household income, in the area, for all households. Black or African American headed households had median income levels that were 35.1 percent less than the overall reported level in 2000, with a reported median of $44,935. In Middlesex County, Connecticut White householders had a median household income (in 2005 Dollars) of $70,688 according to the Decennial Census of 2000, which was 2.1 percent greater than the median in 2000.

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

 

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