Thursday, January 11, 2007

New Haven-Milford One-Year Industry Employment Change

Total One-Year Employment Decline in the New Haven-Milford Metro Area

The Warehousing and storage industry has lost the most employment with a total loss of 401 jobs during the period. The employment lost in the Warehousing and storage industry make up 6.9 percent of the total job loss in New Haven-Milford, CT.

Top 5 Industries
1. Warehousing and storage (401 jobs lost)
2. Motor vehicle parts manufacturing (365 jobs lost)
3. Wired telecommunications carriers (239 jobs lost)
4. Department stores (234 jobs lost)
5. Grocery stores (221 jobs lost)

Total One-Year Employment Growth in the New Haven-Milford Metro Area

Of the industries (4-digit NAICS) in the area, the Employment services industry has brought the most jobs with a total of 1,111 jobs added during the time period. These new jobs in the Employment services industry makes up 11.9 percent of the total growth in New Haven-Milford.

Top 5 Industries
1. Employment services (1,111 new jobs)
2. Clothing stores (642 new jobs)
3. Colleges and universities (466 new jobs)
4. Limited-service eating places (453 new jobs)
5. Individual and family services (413 new jobs)

Out of the 208 industries (4-digit NAICS) with sufficient data reported by the Bureau of Labor Statistics (BLS) in each quarter, 98 reported job growth in the duration of the year and 110 industry sectors reported declines during the time period.

In the New Haven-Milford, CT metro area, the aggregate employment for all industry sectors has increased by 3,391 total jobs from 2005 to 2006.

Total employment has increased by 1.1 percent since the 2nd Quarter figures of 2005. This change is greater than percent in Connecticut, which went through a gain of 1.1 percent since 2005 ( 2nd Quarter). The gains the area experienced were less than than the gain seen for the United States of 2 percent.

The New Haven-Milford Metro Area: One-Year Percentage Growth in Employment

The Office furniture and fixtures manufacturing industry has witnessed the largest percentage of employment expansion, increasing by 51.1 percent from 2005 (2nd quarter) to 2006 (2nd quarter). This industry sector in New Haven-Milford has added employment faster than the growth seen in the industry for Connecticut, where it saw a gain of 3.5 percent. The Office furniture and fixtures manufacturing industry in New Haven-Milford outpaced the United States, which experienced a gained 0.7 percent of the employment in this industry.

Top 5 Industries
1. Office furniture and fixtures manufacturing (51.1 percent gain)
2. Beverage manufacturing (49.2 percent gain)
3. Sound recording industries (40.0 percent gain)
4. Household and institutional furniture mfg. (33.5 percent gain)
5. Museums, historical sites, zoos, and parks (30.9 percent gain)

The New Haven-Milford Metro Area: One-Year Percentage Decline in Employment

The Unclassified industry has seen the largest percentage drop in employment, losing 41.5 percent from 2005 (2nd Quarter) to 2006 (2nd Quarter). These losses have declined slower than the industry sector has felt in the State of Connecticut, where the industry reported a loss of 44.6 percent. The losses in the Unclassified industry in New Haven-Milford outpaced the losses of nation as a whole in the industry. In this time period, the nation gained 12.1 percent in terms of employment in the Unclassified industry.

Top 5 Industries
1. Unclassified (41.5 percent decline)
2. Support activities for animal production (38.5 percent decline)
3. Other heavy construction (33.2 percent decline)
4. Software publishers (30.5 percent decline)
5. Performing arts companies (24.9 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.

 

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